Articles related to Spain
 
Mish - Global Economic Analysis
Watershed Moment – Spain to Send in Troops on Cruise Liners: Catalonia President Says Vote Will Go On
Bloomberg reports Spain Hires Cruise Liner to House Police in Rebel Catalonia. Catalonia president Carles Puigdemont responded that the Spanish government actions are ‘beyond the limits of a respectable democracy’ but vote will go ahead. Will it? Spain has discreetly hired ferries to be moored in the Port of Barcelona as temporary housing for possibly thousands of police specially deployed to keep order in rebel Catalonia and help suppress an illegal independence referendum. The aim is to amas
Friday, September 22, 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
Mish - Global Economic Analysis
De Facto State of Emergency: Spanish Police Storm Catalonia Government Office
The Independent reports Spanish police storm Catalan government buildings to stop independence referendum. The Catalan president described the raids as a “co-ordinated police assault” and a “de facto state of emergency”. Spanish national police have stormed ministries and buildings belonging to Catalonia’s regional government to put a stop to the region’s independence referendum. In the early hours of the morning armed officers arrived at various Catalan ministries, including the economy depar
Thursday, September 21, 2017
Mac Slavo - ShtfPlan
Spanish Police Storm Government Buildings Trying To Stop Independence Referendum
Spanish national police have stormed ministries and buildings belonging to Catalonia’s regional government to put a stop to the region’s independence referendum.  In the early morning hours, armed officers arrived at various Catalan ministries, including the economics department, foreign affairs department, and social affairs department, and made arrests in an effort to stop Catalan independence. The Guardia Civil, which acts with the authority of Madrid’s interior ministry, is searching for evi
Thursday, September 21, 2017
Mish - Global Economic Analysis
Spanish Government Fearmongering: “Catalonia Faces Brutal Impoverishment If Leave Wins”
On October 1, Catalans head to the polls to vote yes or no on separation from Spain. The Spanish government and constitutional court claim the referendum is illegal but 700 Catalonia mayors say the vote will take place. Today Madrid launched a major fearmongering campaign: Catalonia Faces ‘Brutal’ Impoverishment If It Leave, Spain Warns. “The general impoverishment of the society would be brutal. GDP could fall between 25 and 30 percent and unemployment double,” Economy Minister Luis De Guindo
Wednesday, September 20, 2017
Mish - Global Economic Analysis
Spanish Government Threatens to Seize Catalan Finances to Stop Referendum: Juncker in Hot Water
In its latest move to stop an October 1 independence referendum, the Spanish Government is Poised to Seize Catalan Finances. Finance Minister Cristóbal Montoro said a mechanism had been approved for the state to take control of the autonomous region’s finances. Madrid is seeking to stop the Catalan government spending public money on its planned independence referendum. If the deadline is not met, the central government will take over the funding of most essential public services in the region,
Saturday, September 16, 2017
Mish - Global Economic Analysis
Catalan Independence Vote October 1: Why? What’s At Stake? What do the Polls Suggest?
Unless the central government in Madrid forcibly stops elections, the Catalan Independence Vote will take place on October 1. Politico covers What Spain has to Lose from Catalan Independence. Catalonia Percent of Spain Voting Intentions Poll Source in Spanish: Centre d’Estudis d’Opinió (CEO) June 2017 2015 Advisory Voting Map Why? Please consider Why some Catalans want to break away from Spain. Research from CEO (above link), as translated by Politico Increased autonomy (26 percent) Belief
Friday, September 15, 2017
Mac Slavo - ShtfPlan
Infectious Mosquitoes Are Popping Up In New Regions
Photo: The Aedes albopictus or Asian tiger mosquito A website which tracks all mosquito species known to transmit human diseases says that it’s got a mounting number of citations.  This means that some deadly mosquitoes may be moving into new ecological niches with greater frequency and bringing their diseases with them to new regions. ProMED mail has carried more than a dozen such reports since June, all involving mosquito species known to transmit human diseases.  Most reports have concerned t
Friday, September 8, 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
Perth Mint Blog
Where does the term ‘Dollar’ originate? 
The origin of the Dollar can be traced back to Joachimsthal or ‘Saint Joachim’s Valley’ in Bohemia, where silver was discovered in 1519. The local ruler, Count of Schlick, coined the metal into large coins nicknamed Joachims thalers. The coin became the basic currency of the district and neighbouring areas also adopted and imitated theJoachimsthaler – which was abbreviated to the shorter and neaterThaler.
Saturday, September 2, 2017
USA GOLD - USA Gold
Morning Snapshot: Gold rallies to new highs for the year
USAGOLD/Peter Grant/08-18-17 Gold extended to the upside driven by risk aversion. Yesterday’s terror attack in Spain further sapped risk appetite that has been weighed recently by heightened geopolitical, political and economic risks. The yellow metal eked out new highs for the year above 1296.06. A convincing push above $1300 would shift focus to last summer’s peak at 1375.15. The dollar has eased as well, offering additional support for gold. The corrective uptick in the greenback over the pas
Friday, August 18, 2017
Mark O'Byrne - gold.ie
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36 YTD To 16 Year High
– Gold and silver rise as stocks fall sharply after Barcelona attack – Gold, silver 0.6% higher in week after last weeks 2%, 5% rise – Palladium +36% ytd, breaks out & reaches 16 year high (chart) – Gold to silver ratio falls to mid 75s after silver gains last week – Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices – Weekly close over $1,300 could see gold quickly test $1,400 – Palladium at 16 year highs today; gold, silver in coming
Friday, August 18, 2017
Chris Powell - GATA
'Pretty much ever since Australia sold its gold, it's been on the up'
By Paul Garvey The Australian, Sydney Saturday, July 29, 2017 In a vault deep in the basement of the Reserve Bank's Martin Place headquarters in Sydney sits a hoard of gold bars worth about $US500,000 each — all four of them. The Reserve Bank of Australia now holds almost the entirety of the nation's gold in vaults administered by the Bank of England. To add insult to injury to the nation's gold devotees, the vaults are stuffed full of the redesigned $10 polymer banknotes awaiting official relea
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
Bullion Vault
Gold Price Hits New 6-Week USD High as GDP Grows, Inflation Sinks, GLD Shrinks
GOLD PRICES jumped to breach yesterday's 6-week Dollar highs above $1265 per ounce Friday lunchtime in London as the US currency fell yet again on the FX market following very mixed GDP data from the world's largest economy. Annualized US growth in gross domestic product matched Wall Street forecasts, jumping to 2.6% between April and June from the first quarter's 1.2% pace and led by a surge in consumer spending, the Bureau of Econ
Friday, July 28, 2017
Bullion Vault
Dollar Gold Price Snaps 7-Day Gains as Japan + Euro Stick with Negative Rates, Record QE
GOLD PRICE gains over the previous 7 sessions ended in Asian and London trade Thursday, with the metal retreating almost $10 per ounce from this week's new July highs as the US Dollar rallied following "no change" decisions on sub-zero rates and record QE bond buying from both Japan and the 19-nation Euro currency zone – the world's 4th and 2nd largest economies respectively. Three of the Bank of Japan's 10 voting members dissented for the fifth
Thursday, July 20, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 6
This Insight is the ninth in 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 first chapter of Section II.View the Entire Research Piece as a PDF here. The Window Closes“In the past seven years, there has been an average of one inter
Thursday, July 20, 2017
Jim Willie CB - Hat Trick Letter
Global Currency Reserve at Risk
Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the USDollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form
Friday, July 14, 2017
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