Cyprus and The Risk of Bank Runs
The events in Cyprus regarding the intended confiscation of private citizen’s bank accounts to pay for the abuses and excesses of government raise enormous issues.…
banks
Gold — Something Seems Very Wrong
The gold market seems to be getting more and more bizarre. This behavior by central banks is merely another indication that something is wrong/about to…
The Dead Canary Is Having Its Weekend At Bernie’s
Recent action is gold has been disappointing and perplexing. Central banks print money furiously in order to enable their bankrupt sovereigns to survive. Yet, gold…
Gold Transfer Looks Strange
Germany is recalling much of its gold. For many years, Germany stored its gold outside the country. The Federal Reserve was the largest custodian with…
Government Hates Gold
The debate between those favoring a gold standard and those against it drags on. The voices in favor have been drowned out, not by logic…
How Can Hyperinflation Be Avoided?
Kyle Bass, via Zerohedge, provided his thoughts on how the current economic mess might end: Trillions of dollars of debts will be restructured and millions…