Articles related to Greece
 
Nathan Lewis - New World Economics
  One Nation Under Gold (2017), by James Ledbetter
One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the same
Tuesday, October 3, 2017
Mish - Global Economic Analysis
For All the World to See: Police Riot Brutality Videos and Images in Spain
Hello prime minister Mariano Rajoy. This is what the world sees of you. Spain's police now battering women to impose a military suppression of democracy. This is an international outrage #CatalanReferendum #1Oct pic.twitter.com/Rs7fEGmmBQ — Kevin Williamson (@williamsonkev) October 1, 2017 This is the real Spanish state–and why Catalonia wants to leave it. pic.twitter.com/ppCpS3uSxQ — Julian Assange 🔹 (@JulianAssange) October 1, 2017 Another horrifying video I've been sent of the S
Monday, October 2, 2017
Egon von Greyerz - Matterhorn AM
WAKE UP AMERICA – THE DOLLAR IS GOING TO ZERO
For news to be read and understood by a great number of people, it must be simple, sensational and forgettable. Most individuals are not interested in “heavy” news or complicated issues. Just compare television and newspapers today to say 50 years ago. At that time, newspapers had very few pictures but instead covered serious matters with in depth analysis. Same with television. In the 1960s there was serious news and many programmes which raised important issues in society or politics, which ma
Monday, October 2, 2017
Gary Tanashian - Biwii
Effective Market Management: Art and Science
By Gary TanashianFrom Saul Steinberg’s 1954 drawing ‘The Line’The notion that there is art involved in interpreting the economy and financial markets is probably heresy to many market participants and probably 99.9% of economists (that .1% guy being the one who’s excluded from the meetings and egghead social gatherings), whether they be right or left leaning (I always find it entertaining to hear right wing and left wing economists duke it out, as I did on NPR yesterday, coming to diametrically
Friday, September 29, 2017
Mish - Global Economic Analysis
Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?
Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“. Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes? Modern Finance is the Fraud In an article that I wish I had written myself, Viktor Shvets, head of Macquarie’s AsiaPac equity strategy, accurately explains “Modern Finance”, Not Bitcoin, Is The Real Fraud. Paragraphs rearranged for clarity. “Bitcoin is a sort of tulip… i
Friday, September 29, 2017
Mish - Global Economic Analysis
Radical Appeal for More EU Stupidity
The rise of far-right and far-left parties across Europe is directly related to calls for “more Europe”. Yet, French president Emmanuel Macron makes a Radical Appeal for a More Powerful EU. Bold Actions Macron seeks “bold” actions. He wants an EU “military intervention force”, a common budget, carbon taxes, national conventions to discuss the future of Europe, trade prosecutors to enforce countries to stick with the rules, and a Franco-German cooperation treaty, Mercy! I cannot think of a more
Wednesday, September 27, 2017
Mish - Global Economic Analysis
Another Look at Capital Flight in Italy and Spain: ECB’s Target2 Explanation is False
The ECB claims that Target2 does not represent capital flight. Evidence says the ECB is wrong, especially for Italy and Spain. I have discussed this previously, but let’s recap Target2 before taking a look at new charts. Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”. Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 tril
Monday, September 25, 2017
Alasdair Macleod - Finance and Eco.
The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle.Most national economies are directly boosted by China, the important exception being America. This is confirmed by dollar weakness, which is expected to continue. The likely trigger for the crisis will be from the Eurozone, where the shift in monetary policy and the collapse in bond prices will be greates
Thursday, September 21, 2017
Adrian Ash - Bullion Vault
Gold Mining: Investment 'Must Resume' as Reserves' Life Shrinks 1/3rd
Capital investment rallies with gold price but leaves today's mining levels 'unsustainable'... GOLD MINING investment in finding new reserves "must resume" if global output isn't to start falling, according to new analysis from a top consultancy. Studying 11 of the world's largest stockmarket-listed gold miners, specialist analysts Metals Focus say that current investment spending on
Wednesday, September 20, 2017
Sprott Money
Poverty, Prosperity, and Precious Metals - Jeff Nielson
In the 20th century; by the end of the 1960’s, Western societies and especially Canada and the United States reached a level of prosperity never seen before – or since. Since the early 1970’s; the standard of living across the Western world has been in a relentless trajectory downward. An article from April 2012 noted that the standard of living in the United States had already fallen by more than 50% since its zenith. Since that time, the standard of living in the U.S. (and across the West) h
Sunday, September 17, 2017
Egon von Greyerz - Matterhorn AM
UNPREDEDENTED GLOBAL RISK – NO ONE CARES
“Risk involves the chance an investment’s actual return will differ from the expected return. Risk includes the possibility of losing some or all of the original investment.” (Investopedia) So there we have it. Risk means that you can lose part or all of the investment. Normally valuations take risk into account. But is the world really valuing the following risks accurately: A very risky world Wars North Korea – South Korea – USA – Japan – China – Russia incl. nuclear war Ukraine – USA – Russi
Saturday, September 16, 2017
Mish - Global Economic Analysis
  Rude Awakening for the US in January? No, Just More Alarmist BS From Rickards
Best-selling author James Rickards writes Dear President Trump: America is in for a Rude Awakening in January. Really? Let’s investigate. Dear President Trump, Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs. And that those elites would use this new currency to replace the U.S. dollar as th
Monday, September 11, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 9
This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the fourth chapter of Section II.View the Entire Research Piece as a PDF here.Why Financial Genius Fails, or, a Forensic Study of the 2008-09 Global Financial Crisis
Wednesday, September 6, 2017
Michael Pento - Delta Global Advisors
D.C. Dysfunction and Central Bank Chaos 
On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return to work. Our public servants who occupy The House of Representatives have been working on their respective tans since July 29th. The Senate has had a little less time in the sun; they held their final vote on August 3rd despite their pledge to stay until August 11th. Hopefully, they got a lot of rest, because they have a lot to do upon their return. By the en
Tuesday, September 5, 2017
Jeff Clark - Casey Research
  Does Gold Keep up in Hyperinflation ? 
Inflation is anatural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors,we'd like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does inflation (which can be manageable) cross the line and become out-of-control hyperinflation? PhilipCagan, one of the very first researchers of this phenomenon, defines hyperinflation as "an inflation rate of 50% or more in a single month, "something largely inconceivable to the average investor.
Saturday, September 2, 2017
Jan Skoyles Real Asset Co - The Real Asset Co
  The full guide to Nazi gold and currency war 
This morning’s papers and news-shows are full of the story that in 1939 the Bank of England facilitated the sale of Nazi looted gold, not just once but at least twice during that year. Both times without approval of the British government, despite an attempt to freeze Czech assets. The story of Nazi gold is both fascinating and tragic. We take a look at ‘the greatest robbery of all time’ and draw parallels with the modern day gold migration. What is Nazi gold? Nazi gold is a phrase that refers t
Monday, August 14, 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
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
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
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