Articles related to Bulgaria
Dan Popescu - GoldBroker
  Above-ground Gold Stock - How Much Is There and Why Does it Matter 
To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel
Tuesday, September 1, 2020
Nathan Lewis - New World Economics
Start Planning the Tax Reform of 2019
(This item originally appeared at on December 18, 2019.) The Tax Cuts and Jobs Act of 2017, focusing on corporate taxes, is almost (if not quite) in the bag. Great! In the end, not much was done on the side of personal income taxes, even if that got a lot of attention. There is still much to do. I would get started in 2018, to pass something in 2019. Where we want to go: A Flat Tax
Tuesday, December 19, 2017
Chris Powell - GATA
How much has U.S. or Russia already paid for the bitcoins Bulgaria confiscated
* * * Bitcoins Seized by Bulgarian Police from an 'Organised Crime Gang' Would Now Pay Off a Fifth of the Country's National Debt By Scott Campbell Daily Mail, London Saturday, December 9, 2017 Bulgarian police have seized enough bitcoins to pay off a fifth of the country's national debt after the value surged by 600 percent in half a year. Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500 million from an organised crime gang in May. But the
Monday, December 11, 2017
Alasdair Macleod - Finance and Eco.
Inflation v Deflation – State Finances
There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing
Friday, December 8, 2017
Graham Summer - Gains Pains & Capital
Hyperinflation: Much Talked About, Little Understood
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Professor Liping He from Beijing Normal University has produced a most comprehensive and useful scholarly treatment of world hyperinflation. It is hot off the press. This is a welcomed addition to the literature. Indeed, Hyperinflation: A World History is destined to become a standard reference on the topic. My basis for this judgment rests on my own travails in grappling with the literature and data
Friday, December 1, 2017
Nathan Lewis - New World Economics
The GOP’s Tax Framework Looks Good. Let’s Do It.
(This item originally appeared at on October 5, 2017.)   The Republican Party has released its framework for tax reform. I like it a lot. First, let me congratulate all those, within Congress and throughout the policymaking intelligentsia, who kept their eye on what really matters: It’s the economy, stupid. A healthy economy helps solve every other problem. It reduces the de
Thursday, October 5, 2017
Nathan Lewis - New World Economics
Why We Should Cut The Corporate Tax To 15 Now
(This item originally appeared at on August 8, 2017.)…te-tax-to-15-now/ The U.S. government hasn’t really done very much about its tax code since 1987. Mostly it has been like the Battle of the Somme, trench warfare accomplishing nothing, with the top income tax rate wiggling between 35% and 39.6%. During this time, dozens of governments that were actually communist in 1987 not only embraced capitalism, but actually
Thursday, August 10, 2017
Mish - Global Economic Analysis
EU Deposit Insurance, a Bank Crisis in Italy and Greece, and the Coming Ban on Cash
Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts. Today let’s investigate the EU’s deposit insurance scheme with the likely result being a ban on cash. On July 19, with little media publicity, the EU Single Resolution Board issued a statement with this exact title: Press Release – Banking Union – Single Resolution Board collects €6.6 billion in annual contributions to the Single Resolution Fund, now reaching €17 billion in total. F
Tuesday, August 1, 2017
Mish - Global Economic Analysis
Over €1 Trillion Nonperforming EU Loans: EU vs US Percentages
An EU report out this month shows nonperforming loans were a staggering €1.092 trillion as of the end of 2016. The average non-performing rate in the EU is 5.1%, down from 5.7% in 2015. For comparison purposed, a World Bank Report has the US at 1.3%, Japan at 1.5%, and Canada at 0.6% In contrast, Greece and Cyprus have NPL ratios of 46% and 45% respectively. Bulgaria, Croatia, Hungary, Ireland, Italy, Portugal, Slovenia, and Romania all have NPL ratios between 10% and 20%. Non-Performing Loans
Friday, July 28, 2017
Andy Hoffman - Miles Franklin
The 200 Week Moving Average War-And Why The Cartel Will Lose It
Yesterday, my MUST LISTEN Audioblog started with a discussion of this clip of soon-to-be French President Marine LePen humiliating soon-to-be ex German Chancellor Angela Merkel and soon-to-be ex French President Francois Hollande in front of the European Parliament.  As when she wins, it will be blindingly apparent that Europeans want their sovereignty back, no matter what the cost.  And believe me, the “cost” will be high.  As in, the collapse of the Euro; mass default of hundreds of billions o
Friday, March 3, 2017
John Butler - Goldmoney
Top Ten Reasons why fiat currency is superior to gold (or silver) money
Top Ten Reasons why fiat currency is superior to gold (or silver) moneyIntroductionIn the spirit of the holidays and hope for a more prosperous 2017 I thought Insight readers might appreciate a little holiday humor. So please don’t take this edition too seriously. But if you happen to stumble across a ‘paperbug’ or two over the holidays, perhaps you could share some of the points made here as it will help them to realize just how hopelessly misguided they are. Cheers!View the entire Research Pie
Monday, December 26, 2016
Alasdair Macleod - Finance and Eco.
Trump, Russia and China
Even before he takes office, President-elect Trump is turning the world upside down.It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the deep state, causing it great resentment, which under Obama, Clinton and the Bushes, ran geopolitical policy. From January, barring accidents the world will not be the same, the establishment up-ended.This short article builds on information available to date a
Friday, December 16, 2016
Jan Skoyles -
  Cashless Society – War On Cash to Benefit Gold
Cashless Society – Risks Posed By The War On Cash by Jan Skoyles, Editor Mark O’Byrne Introduction  Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’. Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society. The Presidential campaign has been dominated for months and again this week by the power of information that has been
Friday, October 21, 2016
Mark O'Byrne -
Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute”
Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits. Gold Futures – August 24, 2016 (Zero Hedge)Subsequently, gold dropped throughout most of trade in New York and ended near its last minute low of $1323.80 with a loss of 1.1%. Silver slipped to as low as $18.535 and ended with a loss of 1.75%. Gold futures moved sideways in Asia
Thursday, August 25, 2016
24hGold - Publicnow
Dundee Precious Metals Announces 2016 Second Quarter Results
TORONTO, ONTARIO--(Marketwired - July 28, 2016) -Dundee Precious Metals Inc. (TSX:DPM) - (All monetary figures are expressed in U.S. dollars unless otherwise stated) Q2 2016 Financial and Operating Highlights: Metals production from continuing operations - Achieved gold and copper production, including gold in pyrite concentrate, of 38,092 ounces and 9.6 million pounds, respectively, in line with 2016 guidance; All-in sustaining cost per ounce of gold from continuing operations - Achiev
Thursday, July 28, 2016
24hGold - Publicnow
Dundee Precious Metals Announces Power Blackout in Namibia Results in Furnace Outage
TORONTO, ONTARIO--(Marketwired - July 25, 2016) -Dundee Precious Metals Inc.(TSX:DPM) ('DPM' or 'the Company') announced today that a regional power outage has resulted in damage to the refractory lining of the Ausmelt furnace, the repair of which is expected to take approximately three weeks. Subsequent to a power blackout in Namibia at 9:20 pm (West Africa Time) on Friday, July 22, 2016, cooling water entered the Ausmelt furnace as a result of the back-up systems for power and cooling water
Monday, July 25, 2016
Nathan Lewis - New World Economics
The 15 (of GDP) Solution
“The problem with the supply-siders,” I have had several people tell me recently, “is that they claim that, after a tax reform, tax revenue/GDP will be stable, and revenue will actually go up.” This used to be a good thing. Now it is a bad thing. I am amazed to find this new consensus forming: that the Federal government is simply much too big, and that the last thing we want to do is actually give it more money – the increased revenue that comes from something like a flat-tax reform and ample
Friday, July 8, 2016
24hGold - Publicnow
Dundee Precious Metals Announces Second Quarter Production Results, Additional Commodity Hedging and Timing of Second Quarter 2016 Financial Results
TORONTO, ONTARIO--(Marketwired - July 7, 2016) -Dundee Precious Metals Inc. (TSX:DPM) ('DPM' or 'the Company') announced its mine and smelter production results for the three and six months ended June 30, 2016, additional 2016 and 2017 commodity hedging and confirmed the timing of the release of second quarter operating and financial results, together with the related conference call and webcast. On a consolidated basis, ore milled, metals production and complex concentrate smelted in the firs
Thursday, July 7, 2016
Nathan Lewis - New World Economics
Milton Friedman Blames the Federal Reserve
I've been setting up a discussion of Milton Friedman's version of the 1920s and 1930s, as expressed in his book A Monetary History of the United States, 1867-1960. It has been very influential over the years. A more recent update of basically the same theory is in Allan Meltzer's History of the Federal Reserve, Volume 1, from 2004. June 5, 2016: Irving Fisher and "Debt Deflation" May 14, 2016: Credit Expansion And Contraction Of The 1920s and 1930s #2: Paying Off Debt April 3, 2016: Credit
Monday, June 13, 2016
24hGold - Publicnow
Examinership Process Update
Dublin 25 May 2016 Petroceltic International Plc Examinership process update On 4 March 2016, Worldview EHS International Master Fund presented a petition to the High Court of Ireland (the 'Court') to appoint an examiner to Petroceltic International plc, Petroceltic Investments Limited and Petroceltic Ain Tsila Limited (together the 'Petition Companies') and to admit such companies to the protection of the Court pursuant to the relevant provisions of the Companies Act 2014 (the 'Petition
Wednesday, May 25, 2016