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Articles related to Sovereign Debt
 
Michael J. Kosares - USA Gold
Reflections in a Golden Eye - Rejection, repatriation and redemption in the gold market
Gillian Tett (Financial Times): "Do you think that gold is currently a good investment?" Alan Greenspan (private citizen): "Yes. Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it." – Council on Foreign Relations meeting, November, 2014 OPINION Reflection #1 Caveat venditor Let the seller beware! The German citizen/investor who put away a few rolls of 20 mark gold coins (.
Monday, March 30, 2015
Nathan Lewis - New World Economics
  Greece Needs the Magic Formula to Become the Wealthiest Country in the Eurozone
If your only ambition is to go from terrible to mediocre — to get your country off the international business pages so it can suffer in anonymity — then you can perhaps argue that most things can remain the same, and all you need is a few small tweaks to the existing status quo. In actual practice this usually doesn’t work, and not even mediocrity is achieved, but the idea seems plausible. But, if your ambition is a little higher, it soon becomes obvious that doi
Monday, March 30, 2015
Jeffrey Lewis
Shark Infested
The top two questions people ask me when they learn that I’m a northern California surfer, are1) whether I’m afraid of sharks or, 2) isn’t the water cold? The answer is yes to both.Of course I’m afraid of natural born killers the size of small cars lurking beneath the murky surface in the ocean while I am floating on a thin layer of fiberglass wearing what might as well be a wounded seal suit three quarters of a mile from the shore. Who wouldn’t be?So, why do it? Because the odds are very low th
Friday, March 27, 2015
24hGold - Yahoo
Why the Brazilian Government’s Debt Has Surged over the Years
Some Ingredients are Missing for a Turnaround in Brazil (Part 5 of 6)(Continued from Part 4)Debt. Consumers, as well as the government, are borrowing more amid weakened economic conditions. Gross debt for Brazil is now around 64% of its gross domestic product. The burden is even more problematic if you consider the country’s high interest rates—the policy rate was just raised to 12.75%, one of the highest among major economies—which dramatically increase the costs of servicing debt. The credit r
Wednesday, March 25, 2015
Mark O'Byrne - gold.ie
Gold Rises For Fifth Day – 2 and Half Week High
- Leading think tank forecasts strong economic growth in Ireland, ignores global risks - Impact of Euro zone debt crisis and global geopolitical risk underestimated  - Global macro-economic, systemic, geo-political and monetary risks largely ignored  - Risk that lulls politicians, investors and people into false sense of security … againIreland’s leading economic think tank, the Economic and Social Research Institute (ESRI) has issued its latest quarterly report in which it forecasts that the st
Wednesday, March 25, 2015
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today -New York closed at $1,193.70 up $3.10. Asia held it at $1,192 before London opened, where it held that level up until the "LBMA Gold price" setting. It was set at $1,192.55 down $0.65 which was the euro equivalent of ?1,085.57, down ?1.18. Ahead of New York's opening, gold was trading in London at $1,194.40 and in the euro at ?1,087.55.Silver Today - The silver price closed at $17.00 down 6 cents. Ahead of New York's opening it was trading at $17.00.Gold (very short-term) The gold pr
Wednesday, March 25, 2015
John Rubino - Dollar Collapse
We're All Hedge Funds Now, Part 2: Tech Startups and Nigerian Bonds
Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try to keep Greece and Germany in the same financial family. In each case, success depends on all the parties becoming something they really don't want to be. On the negative interest rate front, consider this from yesterday's Bloomberg: No Risk Too Big as Traders Plot Escape From Negative Yields Norway's $870 billion sovereign wealth fund said this month th
Tuesday, March 24, 2015
Jeffrey Lewis
War: What is it Good For?
War delivers us from this state of limbo, toward the rebirth of sound money and economics. Sadly, war may be the ultimate distraction that finally breaks the political landscape wide open and shatters these broken institutions and power centers once and for all. It isn’t right but it’s almost inevitable. War will be the final political justification for the financial elite to go full-retard in trying to save their system. Most people will gladly let them do it. War can be personal in a way that
Monday, March 23, 2015
Phoenix Capital - Gains Pains & Capital
How Governments Worked WIth the Banks to Create the $555 Trillion Interest Rate Bubble
The big story in the world is the bond bubble. For over 30 years, sovereign nations, particularly in the West have been buying votes by offering social payments in the form of welfare, Medicare, social security, and the like. The ridiculousness of this should not be lost on anyone. Politicians, in order to be elected, promise to allocate taxpayer funds on social programs that will benefit said taxpayers down the road (we’re simply talking about social spending, not infrastructure or other cost
Saturday, March 21, 2015
Chris Powell - GATA
Low rates will trigger civil unrest as central banks lose control, BIS says
Low inflation, bond yields, and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned. The Swiss-based "bank of central banks" said the "sinking trend" of global rates would push countries further into uncharted territory. It highlighted that $2.4 trillion (L1.6 trillion) of long-term global sovereign debt was now trading at negative yields, wi
Thursday, March 19, 2015
Phoenix Capital - Gains Pains & Capital
Greece is Just the Tip of the Iceberg for the $100 Trillion Bond Bubble
Greece, as a country, represents 2% of Europe’s GDP.  The country lied in its financial to enter the EU. Since that time, it’s been officially bankrupt since 2010.  The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (roughly equivalent to what Argentina experienced in its 2001 implosion). And yet, despite all the bailouts and claims that Greece was “fixed,” the country is set to default on some of its debt this Friday. How on earth does this farce
Thursday, March 19, 2015
Andy Hoffman - Miles Franklin
THE FINAL PHASE OF MANIPULATION, CORRUPTION, AND IDIOCY
With each passing day, a greater share of the world’s 7.3 billion denizens are succumbing to the political, economic, financial, monetary, and social horrors of history’s largest fiat Ponzi scheme. After 44 years, it has enveloped all aspects of our existence, leaving a handful of sociopaths controlling our collective fate – and making it significantly worse with each disastrous decision. Everywhere one looks – from Asia, to Europe, Africa, Australia, and the Americas – living standards are weak
Wednesday, March 18, 2015
Michael Pento - Delta Global Advisors
Beware of The Inverted Yield Curve!
In the movies, an edgy musical score is an effective tool that warns the audience something really bad is about to happen. Like the shrill screech in Psycho, certain sound effects forebode impending doom. In like manner, economics also has a similar warning sign of imminent market chaos. This omen is called the inverted yield curve. And it's no coincidence that the last seven recessions have been preceded by this ominous predictor of economic and stock market disaster. The yield curve
Monday, March 16, 2015
Adam Hamilton - Zealllc
Trading the Parabolic Dollar
The mighty US dollar has been red-hot in March, rocketing higher on the incredible divergence of major central-bank policies.  While the Federal Reserve?s first rate-hike cycle in 9 years looms, the European Central Bank has started aggressively monetizing sovereign debt for the first time ever.  The resulting yield differential has catapulted the dollar parabolic, portending a major reversal and fantastic trading opportunity. Currency trading is the bi
Friday, March 13, 2015
Michael Pento - Delta Global Advisors
The Grand Deception Continues
Last Friday a photograph of a dress, whose exact colors were in doubt and became the subject of much debate, dominated the Internet. Not only is this a perfect example of the inane distractions that the public is fascinated with, but it is also a topic that should be elevated to a higher level of discussion. That is, how people can look at the same thing and yet interpret it in different ways? The current picture of economic growth in the United States is undergoing a similar debate
Tuesday, March 10, 2015
Mish - Global Economic Analysis
From ZIRP to NIRP: Virtues of Germany vs. the Vices of Greece; What About "Speece" and Gold?
Virtues of Germany vs. the Vices of Greece At the heart of the constant bailout bickering in Europe is a fundamental, but seriously misguided notion that a battle is underway between the virtuous and fiscally responsible Germans and the irresponsible Greeks, Spaniards, and Portuguese. In this incorrect view, the Spaniards have begun to see the light, but the Greeks need a serious lesson in morality. If we steps back and actually assign blame, we can find plenty of blame to go around. "Speec
Tuesday, March 10, 2015
Phoenix Capital - Gains Pains & Capital
The Second Round of the Crisis Will DWARF 2008 In Size and Scope
If you are an investor, your big concern should not be about what to stocks… but what happens when the bond bubble goes bust. All of the biggest problems in the financial world revolve around the bond markets today: 1)   Greece’s sovereign debt crisis 2)   The Bank of Japan is purchasing ALL new debt issuance in Japan. 3)   The Fed is terrified of higher interest rates because ever 1% change means over $100 billion more in interest payments on the US debt. For 30+ years, sovereign nations have b
Friday, March 06, 2015
Andy Hoffman - Miles Franklin
WHEN THE HISTORY BOOKS ARE WRITTEN…
It’s Wednesday morning; and again, I’m having difficulty focusing on a single “horrible headline” – or if you will, a single “horrible topic.” I could start by following up with yesterday’s “PDAC, the Epitome of Mining Ineptitude” with this article from Brent Cook – a geologist who has written a mining newsletter for years – titled “Exploration cuts killing miners’ future.” And this one, of how Australian gold production rose in 2014; but “due to lower prices, Australian gold miners increased th
Thursday, March 05, 2015
Jeff Clark - Casey Research
What Top Hedge Fund Managers Really Think About Gold 
In the January BIG GOLD, I interviewed a plethora of experts on their views about gold for this year. The issue was so popular that we decided to republish a portion of the edition here. Given their level of success, these fund managers are worth listening to: James Rickards, Chris Martenson, Steve Henningsen, Grant Williams, and Brent Johnson. Some questions are the same, while others were tailored to their particular expertise. I hope you find their comments as insightful and useful as I d
Tuesday, March 03, 2015
Michael Pento - Delta Global Advisors
Party Like It's 2015
In 1982 the artist formally known as Prince released a popular party anthem called "1999". The song was a premonition that 1999 would be a year we would all aspire to "party like". It was obvious that Prince was making reference to the excitement associated with ringing in a new century. However, unbeknownst to him, the accommodative policies of the Federal Reserve would lead to a festal bubble in NASDAQ stocks, making his call to party in 1999 that much more appropriate. After that ha
Monday, March 02, 2015
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