In the wake of the most recent financial and economic crisis of 2007–2008, many people have become concerned that their savings, mostly invested in fiat-denominated bank accounts and bonds, could be devaluated. This has prompted a search for "good" money. A 'colored' bitcoin - or something comparable using blockchain technology - represents a possibility.
With every Tom, Dick, and Harry hedge fund manager now taking on The People's Bank of China (in various ways), it is no surprise that the spread between offshore Yuan and onshore Yuan blew out to its widest in 3 weeks this morning. They are not getting it all their way for now though.
"It's an invasion. A government sponsored invasion"...
Shale Shock: Another Leg Lower In Oil Coming After Many Producers Found To Have Far Lower BreakevensSubmitted by Tyler Durden on 02/03/2016 - 20:32
According to a report by the Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove, Saudi Arabia may have its work cut out for it as it will be far harder to kill many U.S. E&Ps than analysts originally thought. The reason: a break-even model for the Permian Basin and Eagle Ford shows that oil production across five plays in Texas and New Mexico may remain profitable even when WTI prices fall below $30 a barrel, according to a 55-variable Bloomberg Intelligence model for horizontal oil wells.
Amongst all corrupt aristocracies (and that’s every aristocracy), America’s takes the cake. The International Criminal Court will begin to have credibility if and when it starts to prosecute American leaders such as George W. Bush and Barack Obama, but not a minute before that time. Western gangsters lead the world right now, and Western political leaders are their agents — merely fixers, for those elite gangsters.
Financially insolvent governments of major superpowers do not simply go gentle into that good night. They don’t suddenly turn over a new leaf and start embracing economic freedom. Instead, they get worse. More desperate. More destructive. Should we honestly believe that they can continue racking up more debt than has ever existed in the history of the world without any consequences? This is madness. As Mark Twain used to say, history may not repeat, but it certainly rhymes.
With just one more day of trading before China's lunar new year and Sping Festival Golden Week holiday, it appears The PBOC wants to flex its intervention muscles. By strengthening the Yuan fix by 0.16% (the most in 2 months) to 1-month highs, it seems China is trying to send a message before it practically closes for a week...
Centuries-old legal protections have been turned on their head in the war on cash. The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. The assumption on the part of government today is that possession of large amounts of cash is indicative of involvement in illegal activity.
"The same way that Scotland, Catalonia and Quebec and other places have the right to express their opinions about their destiny, Kurdistan too has the right, and it's non-negotiable."
A report on China's stock market crash authored last year by former senior officials, including former central bank vice governor Wu Xiaoling, said Chinese retail investors are short-sighted, have a weak investment philosophy and a herd mentality.
The 2016 Presidential election features a wide range of Republican contenders. How do they compare to John Charles Fremont, who in 1856 became the very first Republican candidate for President?
Residential property sales in Greater Vancouver rose 31.7% in January. That’s 46% above the 10-year sales average for the first month of the year and the second highest January ever, the Greater Vancouver Real Estate Board reports. The benchmark price for a detached home in Vancouver: $1,293,700. The "benchmark" price represents what the Real Estate Board says a "typical" home would go for on the market. If we simply take the arithmetic mean (i.e. the average), the numbers are even more astounding.
"Today’s elites have lost the sense of fear that inspired a healthy respect for the masses among their predecessors. Now they can despise them as losers, as the aristocracy of ancien régime France despised the peasants who would soon be burning their châteaux. Surely today’s elites are going to learn how to fear before we see any reversal of the recent concentration of wealth and power."