Articles related to Reserve Fund
 
24hGold - Publicnow
Preliminary Results for the Year Ended 31 Dec 2015
24 June 2016 Petrel Resources plc ('Petrel' or the 'Company') Preliminary Results for the Year Ended 31 December 2015 Petrel Resources announces its results for the year ended 31 December 2015. ENDS Enquiries: For further information please visit http://www.petrelresources.com/ or contact: Petrel Resources Plc John Teeling, Chairman +353 (0) 1 833 2833 David Horgan, Director Dipti Mehta Nominated Adviser and Broker Northland Capital Partners Limited Edward Hutton / G
Saturday, June 25, 2016
24hGold - Noodls
2015 Q3 Interim Financials
6 Months MINCO plc CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Unaudited - prepared by management For the three and nine month periods ended 30 September 2015 (Expressed in $000's) NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Company's management. The Company'
Tuesday, December 1, 2015
Oilprice.com - oilprice.com
Oil Market Showdown: Can Russia Outlast The Saudis
"Two men enter, one man leaves, two men enter, one man leaves, two men enter..." Mad Max: Beyond Thunderdome November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. While the sharp decline in crude prices has saved crude
Monday, October 19, 2015
Bron Suchecki - Perth Mint
Foreign currency denominated loans – what me worry
Would you lend money to someone in another country who told you they were doing it because interest rates in your currency were cheaper than their currency and not to worry about them paying you back if the size of the loan amount in their currency increased due any weakening in their exchange rate as they would set aside the money they saved in interest to cover that risk? I hope you answered NO! Such foreign currency denominated loans are attractive to borrowers facing high interest rates who
Thursday, September 10, 2015
Mac Slavo - ShtfPlan
  Putin Strikes Back: Russia Cuts Off European Gas Supplies, Starts Selling Dollars: “The Decision Has Been Made” 
Vladimir Putin has been silent lately. But if anyone thought he had been shamed into defeat or marginalized, then think again. In the last few hours Russia has announced two key strategic decisions that show they are not going to stand idly by while their economy and way of life are destroyed by Western forces. First, presumably in response to stiff sanctions leveled by the United States and the European Union after the annexation of Crimea last year, Russia has cut off 60% of Europe’s gas suppl
Friday, January 16, 2015
FOFOA - FoFOA
Global Stagnation
"This brilliant, modern free trade system and all of its benefits cannot be implemented using the US dollar as a reserve currency. It shuts off commerce that in turn limits the use of commodities such as oil, metals, food and the like. Many hail the low price inflation in the US as a victory and ignore the intent other nations had in following "free trade". That being to promote a world economy, not just a US economy. Understand that the increased use of commodities is a good thing. It's not j
Wednesday, December 3, 2014
Mish - Global Economic Analysis
Spain Dips 37 Into Social Security "Piggy Bank", Fund Depletion in 4 Years at Current Rate; What, M
The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the total 'pensions piggy bank'. If extractions continue at the current rate, the fund would be exhausted in 4 years. The Government of Mariano Rajoy has released 24.65 billion euros of the Social Security Reserve Fund in less than two years. Such amount represents nearly 37% of the total 66.815 billion fund accumulation. That figure marks the highest cumulative piggy bank draw
Thursday, August 21, 2014
Jim Willie CB - Hat Trick Letter
BRICS Gold Central Bank Outpost
While the West has been mesmerized by the chaos in Ukraine, surely to become an implosion site, while attention has been directed on the Negative Interest Rate Policy coming into view, surely to become the norm for banker skimming on yields, while focus has been on Spain's royalty in abdication, surely a change of the dark nobility guard, the Jackass has yawned and turned the view toward Saudi Arabia, surely a significant event on their fund news. They have announced a new sovereign wealth fund
Wednesday, June 11, 2014
Jim Willie CB - Hat Trick Letter
Swing States Event Schedule
The crucial swing states for deciding the US presidential elections through voting system fraud were Ohio and Florida. Whether by machine software with rigged software programming or by bussing in Somalians or by altering the vote count upon final submission or basic bully tactics to prevent entrance into the voting centers, the US national elections were truly tainted. The commonly followed Exit Polls are proof of vote fraud. The Paradigm Shift was to the fascist state in full blossom. A law wa
Wednesday, May 7, 2014
Chris Powell - GATA
Michael Pento: HFT isn't top problem with U.S. markets; Fed's market rigging is
The big problem in U.S. markets isn't the skimming done by high-frequency trading but the rigging of interest rates and equity prices accomplished by the Federal Reserve, fund manager Michael Pento tells King World News: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/12_Th... Former Assistant U.S. Treasury Secretary Paul Craig Roberts tells KWN of another problem with U.S. markets -- that all financial regulatory agencies are corrupt: http://kingworldnews.com/kingworldnews/K
Sunday, April 13, 2014
Mish - Global Economic Analysis
Spain Misses Watered-Down Budget Deficit Targets Yet Again
When you are about to miss budget targets, the easy thing to do is lower the bar, again and again until you can hit them. Spain did just that, and still missed. Via translation from Libre Mercaado, please consider Spain Misses Budget Deficit Target for 2013. Treasury announced a deficit of 5.44% of GDP in November, but official data elevate that number to 5.96%. Taking a December shortfall estimate into consideration, the deficit estimate is around 6.9% for 2013. Economy Minister Luis de Gu
Thursday, January 30, 2014
Mish - Global Economic Analysis
Spain Raids Social Security Reserve Fund to Meet Deficit Targets; New Rules Compound Deficit Woes fo
Monetary magic of borrowing money from trust funds allegedly helps Spain come closer to meeting its budget deficit targets reports Eurointelligence. Please consider The raiding of Spain’s “pensions piggybank” Spain drew €5bn from the Social Security reserve fund on Monday, reported Europa Press, and will draw an additional €428M on account of income tax before the end of the month. Presumably this is to help attain the year’s deficit target. Commentators present this as “raiding the piggyba
Friday, December 6, 2013
Deepcaster
Our Deposits, Pension Funds, etc. Vulnerable to Immediate Looting !! -- Antidotes 
"Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct.."Also called bankruptcy privileges, this ensures le
Saturday, September 21, 2013
24hgold
Preliminary Results for the Year Ended 31 December 2012 Petrel

Thursday, June 20, 2013
Mish - Global Economic Analysis
97 of Spain's Social Security Pensions are Invested in Spanish Government Debt
Looking for a disaster waiting to blow sky high? I have one right at hand. El Economista reports 97% of pensions are invested in Spanish government debt in 2012. The Reserve Fund of Social Security in 2012 increased their holdings of Spanish debt to 97% of total assets, up from 90% who had in late 2011. Over 70% of purchases are recorded in the second half of 2012, according to Bloomberg points, after the critical moment when ECB President Mario Draghi, undertook to do "whatever it takes" to
Tuesday, April 9, 2013
Chris Powell - GATA
Russian central bank to keep buying gold, moving away from risky paper assets
- The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said today. The Bank of Russia has built up the world's fourth-largest foreign reserves, worth $530 billion, by buying oil export dollars to keep the rouble competitive
Friday, January 25, 2013
Bullion Vault
Gold in Euros Sets New High as Crisis "Escalates" and Spain "Lays Groundwork" for Bailout
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Saturday, September 29, 2012
Mish - Global Economic Analysis
  Spain's Social Security Fund Runs Out of Money; Breathtaking Implosion in Every Way 
TheSpanish implosion inbreathtaking ineveryway:Human Flight, Capital Flight, RealEstate,Employment, and Taxes. Thecost of a fullbailoutisnow €300 billion, upfrom apreposterouslylow €30 billion projection inJune. €300 billionshould notbe shockinggivenmystatements onJune 9th in Bailout Lite?There'sReally NoSuchThing; €30 BillionNeeded?It'sNow €100 Billion; Contagion ofEconomicIdiocy.
Monday, September 10, 2012
Crisis Watch - Global Economic Analysis
Spain's Social Security Fund Runs Out of Money; Breathtaking Implosion in Every Way

Monday, September 10, 2012
24hgold
plc [PET] - Preliminary Results for the Year Ended 31 December 2011

Monday, June 25, 2012
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