Archive - Apr 2014 - Blog entry

Banksters welcome...

The risk that creditors, savers and bondholders, rather than taxpayers will bear the brunt of rescuing a bank in trouble form part of the first credit ratings given to 18 of Europe's biggest banks yesterday by new ratings agency, Scope.

The reason for the economic gimmicking pertains the political perspective of China’s economic data. As a communist regime, China’s government has one focus and one focus only. It’s not economic growth for growth’s sake, nor is it improving the quality of life for China’s population...

Surprise, surprise!

The Nikkei shot up last night because the Yen was weak and, best of all, Japan's $1.25Tn pension fund will be handing money to the Banksters to put into the stock market. 

Jim Rickards said that gold should remain an essential part of diversified portfolios and Mark Faber pointed out that the question should be “how could you NOT own gold?” Faber has said that he favors owning gold in fully allocated gold accounts in Singapore and Switzerland. 

Did Facebook really just buy a company at THESE Valuations?

High Frequency Nemesis...

European leaders may have felt a momentary brief lapse in the wary feeling of disdain that has existed between them for years now, but that was once exacerbated by the financial crisis and the entire PIGS- story that ensued, with the debt crisis.

Considering that Europe’s problems took years to unfold, despite the clear evidence that its banking system was virtually insolvent, the fact that things appear calm in Europe today doesn’t really say much about the true state of affairs over there.

Shockingly, the UK government will now be able to directly access taxpayers’ bank accounts, under little noticed measures announced in this month’s Budget speech. The significant HMRC legislation change was buried deep in the Budget document and comes amid preparations by the Bank of England for bail-ins.

France may ask for more time to reach its fiscal objectives.