Archive - Jul 25, 2013 - Blog entry
There’s No Hiding from the NSA
Submitted by Pivotfarm on 07/25/2013 13:13 -0500It turns out that the National Security Agency of the US can actually locate your cell phone even when it has been turned off and is no longer emitting a signal.
The Edifice of "Recovery" is Crumbling Pt 2
Submitted by Phoenix Capital Research on 07/25/2013 10:27 -0500The Fed publicly claims it wants to help the economy and Main Street. However, as we are now discovering, the Fed is more than willing to sacrifice the good of the people in order to prop up a few insolvent big banks.
China’s Yuan Set To Become Global Reserve Currency With Gold Backing?
Submitted by GoldCore on 07/25/2013 10:06 -0500According to media reports, the People's Bank of China is considering phasing out the dollar as the reference currency or peg for the yuan, and to start using gold as the reference point.
The reports have not been confirmed officially, but there has been official comments to that effect in recent years and Chinese academics have advocated backing the renminbi or yuan with gold.
Beijing's possible move to back the yuan with gold would be a strategic move in order to, lessen the risk of inflation, increase the yuan’s attractiveness as an investment medium and create faith in the yuan as a reserve currency.
EU Recession Over? Believe it or not?
Submitted by Pivotfarm on 07/25/2013 08:36 -0500When French President François Hollande (aka Mr. Flabby in the French press) announced just a few months ago while on a state visit to Japan that the EU recession was well and truly over
Dodd-Frank, True Sale & Skin in the Game (Update 1)
Submitted by rcwhalen on 07/25/2013 08:10 -0500We need to think about lessening the economic “skin-in-the-game” for RMBS and focusing anew on enforcing US securities laws...
Fed Economist Fired for Investigating Suspicious 9-11 Cash Transfers; and Steve Keen Exposes Financial Fallacies
Submitted by EB on 07/25/2013 06:23 -0500Tens of billions in cold, hard cash was shuffled around just prior to 9-11 by none other than the Fed itself, then the Fed economist who exposed it was fired.
What Drives Negative GOFO and Temporary Gold Backwardation?
Submitted by Monetary Metals on 07/25/2013 01:04 -0500Any backwardation in gold at all is serious. Recently, a related phenomenon has occurred: the GOFO rate has gone negative.
