Articles related to Bank Run
 
James Turk - Goldmoney
  What Did J.P. Morgan Mean 
The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress. Mr Untermyer: I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not? Mr Morgan: A control of credit? No. Mr Untermyer: But the basis of banking is credit,
Saturday, August 15, 2020
Chris Powell - GATA
Chris Powell at New Orleans conference: Gold market manipulation update, November 2018
Since we met at this conference last year much new evidence of manipulation of the gold market by central banks and their bullion bank agents has been compiled and disclosed by the Gold Anti-Trust Action Committee. For example, a month ago a major bullion bank, the Bank of No
Saturday, November 3, 2018
Alasdair Macleod - Finance and Eco.
A Roman lesson on inflation
“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover ClevelandThe point President Cleveland made back in the 1880s was that individuals and vested interests had no rights to preferential treatment by a government elected to represent all. For if preference is given, it is always at the expense of others.Those days are long gone, and the last president to take this stance was Calvin Coolidge in the 1920s. He was foll
Friday, February 23, 2018
Mac Slavo - ShtfPlan
3 Things You MUST Know to Protect Your Money (Even If You Know Nothing About the Market)
This article was originally published by Anonymous Financial Guy at The Organic Prepper In this economic climate, lots of folks are wondering how to protect their money. Some people are forced to invest in retirement funds by their employers, others play the market, some invest on their own, and nearly everyone has checking and savings accounts. But when the amount of money you have goes beyond something you could live off for a month or two, how do you deal with it wisely while minimizing your
Wednesday, February 7, 2018
Chris Martenson
It's Looking A Lot Like 2008 Now...
Economic and market conditions are eerily like they were in late 2007/early 2008. Remember back then? Everything was going great.  Home prices were soaring. Jobs were plentiful. The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke. And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system w
Tuesday, February 6, 2018
Mark O'Byrne - gold.ie
It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System
– Christmas film serves as reminder that savings are not guaranteed protection by banks – Savers are today more exposed to banking risks than ever before – Gold and silver investment reduce exposure to counterparty risks seen in financial system – Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price Frank Capra’s 1946 film It’s A Wonderful Life is one that many families will be settling down to watch this Christmas weekend. A story that is ultimately about a suicid
Wednesday, December 27, 2017
Jan Skoyles - GoldCore
Protect Your Savings With Gold: ECB Propose End To Deposit Protection
It is the ‘opinion of the European Central Bank’ that the deposit protection scheme is no longer necessary: ‘covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent authority in order to retain a degree of flexibility.’ To translate the legalese jargon of the ECB bureaucrats this could mean that the current €100,000 (£85,000) deposit level currently protected in the event of a bail-in may soon be no mor
Wednesday, November 15, 2017
Sprott Money
You Think You're Free Think Again, Spain Says, Begins Preparations to Crack Down on Catalan - Nathan McDonald
Governments all over the world need control: they need control over "their" people, they need control over "their" money supply, and through this control they can grow their power and ability to dictate our everyday lives. Everyone is born under a system of control in today's modern world. Arguably, for most of history, it has been this way. Sure, we are given freedoms as long as we play within our specifically defined set of rules, but just try to break these rules and watch how quickly the ham
Friday, October 20, 2017
Tom DiLorenzo - lewRockwell
America’s Hamiltonian Empire of Lies 
In his essay, “Anatomy of the State,” Murray Rothbard wrote of how states preserve their power with a number of tools, most notably an alliance with “intellectuals.”  In return for power, positions, and pelf, the “intellectuals” work diligently to persuade “the majority” that “their government is good, wise and, at least, inevitable.”  This is the “the vital stock task of the intellecuals.”  The “molding of opinion” is what “the State most desperately needs” if it is to maintain is powers, wrote
Saturday, September 23, 2017
Jason Hamlin - Gold Stock Bull
Bank Runs are Inevitable – How to Protect Your Assets
I haven’t thought much about bank runs in recent years. The Federal Reserve came to the rescue during the 2008 financial crisis and restored confidence in the markets. Stock valuations have soared to all-time highs, nearly quadrupling from the bottom in early 2009. Home price is many regions have doubled or tripled and investor sentiment is as bullish as can be. Market participants are essentially pricing zero of another stock market or housing market crash. It is only around the holidays, when
Monday, July 31, 2017
Mish - Global Economic Analysis
It’s Your Money But You Can’t Have It: EU Proposes Account Freezes to Halt Bank Runs
If there is a run on the bank, any bank in the EU, you better be among the first to get your money out. Although it’s your money, the EU wants to Freeze Accounts to Prevent Runs at Failing Banks. European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed. The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics sa
Saturday, July 29, 2017
Mark O'Byrne - gold.ie
4 Charts Show Gold May Be Heading Much Higher
by Alex Rosenberg of CNBC Gold just hit its highest level since election night, and some see more upside ahead for the precious metal. Gold experienced “a textbook breakout from a symmetrical triangle or wedge,” Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC’s “Power Lunch.” “That’s quite bullish,” Ross added. He also pointed out that gold’s 50-day moving average has broken above its 200-day moving average, which is commonly seen as a sign of accelerating momentum. Meanwhi
Saturday, June 10, 2017
Mark O'Byrne - gold.ie
Gold in Pounds Surges 1.5 To £1,001/oz – UK Political Turmoil Likely
– Gold in pounds rises 1.5% from £986/oz to £1,001/oz after shock UK election result – Gold reaches 7 week high and surges 6% in the last 30 days from £942/oz to £1,001/oz Gold in pounds – 1 month – Very robust gold sales experienced by gold brokers, including GoldCore, in the UK this week and today  – May’s ruling Conservative party loses overall majority and prospect of hung U.K. parliament – PM May vulnerable from within Tory Party and Corbyn has called for her to resign – Corbyn and Labour p
Friday, June 9, 2017
Graham Summer - Gains Pains & Capital
Stunning: Italy says NO to bail-in scenario’s
Whereas most bank clients accepted a bail-in as one of the risks associated with depositing cash on a bank account, Italy doesn’t seem to be too sure about forcing its banks to do so. We all know the never-ending issues related to Banca Monte Dei Paschi, but that bank wasn’t Italy’s only problem. Two smaller banks, Banco Popolare di Vicenza and Vento Banca also need to be rescued. Although these banks are definitely smaller than Monte Paschi, and wouldn’t have a huge impact on the internationa
Monday, June 5, 2017
Andy Hoffman - Miles Franklin
It’s All About Reality-Physical PM Style
Following up on the theme of this week’s lowest market volatility in decades; due solely to the all-out commandeering of financial markets  that cannot, and will not, last forever; consider the “dead ringer” algorithms I highlighted yesterday morning, of Wednesday’s “Dow Jones Propaganda Average,” and Thursday’s Shanghai Composite. Here’s Thursday’s “trading” of the Dow, and Friday’s of the Shanghai – which frankly, is difficult to discern from the prior day’s “action.”  I mean, how much more
Friday, May 12, 2017
Andy Hoffman - Miles Franklin
The Future Of Money, And Wealth Storage 
Don’t kid yourself.  “Paper PM investments” will be under attack for as long as financial markets function – and thus, even when physical gold and silver inevitably win their war with the purveyors of fraudulent fiat currency and “financial markets”, there’s no guarantee that anything other than the real thing will benefit. Last week’s Miles Franklin All-Star Silver Webinar; in which, it was noted that despite the heinous price suppression of the past six years (that will decidedly end, when the
Wednesday, April 26, 2017
BullionStar - Bullion Star
What sets the Gold Price – Is it the Paper Market or Physical Market
The following article is arranged in Question and Answer (Q & A) format. Through the Q & A approach, this article raises some important issues about price discovery in the gold markets and aims to explain the view that the gold price is being set by the paper gold markets. BullionStar’s CEO Torgny Persson and precious metals analyst Ronan Manly are of the opinion that due to the structure of contemporary gold markets, it is primarily trading activity in the paper gold markets which sets the inte
Thursday, March 30, 2017
Keith Weiner - Monetary Metals
Putting Pennies in the Fusebox, Report 26 Mar, 2017
Back in the old days, homes had fuse boxes. Today, of course, any new house is built with a circuit breaker panel and many older homes have been upgraded at one time or another. However, the fuse is a much more interesting analogy for the monetary system. When a fuse burned out, it was protecting you from the risk of a house fire. Each circuit is designed for only so much current. The problem is that higher current causes more heat, and it can start a fire. So they put fuses in, which burn out b
Monday, March 27, 2017
Mark O'Byrne - gold.ie
“Think About and Prepare For” Euro Catastrophe
“Think About and Prepare For” End Of Euro – TV3 Agenda Interview David McWilliams interviewed Lara Marlowe and Cormac Lucey about the elections in France (April 23 and May 7) for TV3’s Agenda and the short interview about the French elections, Le Pen and the risks posed to the euro is a must watch. Key points covered – “Could the French say ‘au revoir’ to the euro?” – Brexit vote and Trump election given a “lot of cold chills” – Le Pen has “promised to take France out of euro” – Her election wo
Monday, March 6, 2017
Mac Slavo - ShtfPlan
No Paper, Just Plastic: Europe “Next Offensive in the War on Cash” to Force People on the Grid
This article was written by Shaun Bradley and originally published at The Anti-Media.org. Editor’s Comment: Though the various governments at play prefer to emphasize how cash would cut down on crime and terrorism, they overlook the true source of funding and facilitation for those activities. The real motive is to beat back independence, and force the future comply with real-time tracking of all their activities; have only authorized vendors and points of purchase, and to monitor all behavior.
Monday, February 13, 2017
12345678910...