Archive - May 5, 2015 - Blog entry

Here is the latest SmartKnowledgeU Podcast #5: "Everything Wrong With Banking Today".

As is almost always the case, the price of gold was leaned on at the standard PLAN A time in London when The Gold Cartel traders reported for work, but their nudge was thwarted pretty quickly. Gold took off again going into the Comex trading hours and managed to reach $1200 where it was stopped dead in its tracks. James Mc early this morning…

The bigger issue concerns the fact that bond yields are rising across the board. The UK’s Gilts, US Treasuries, and German Bunds have all dropped sharply in the last month, pushing their yields higher.

Blogger Ben: Not all information is beneficial...

Yes ... They're Collecting the Content of AMERICANS' Phone Calls, Too

Venezuela swapped its gold at a 40% discount for dollars and has to pay intrerest on those dollars.  Not anti-gold rant.  Google story if you  doubt the facts I cite. 

Einhorn just found his next target: U.S. onshore E&Ps or the oil fracking companies.

Gillian Tett, markets and finance commentator and an Assistant Editor and former U.S. Managing Editor of the Financial Times, wrote an important and little noticed article last week questioning complacency on the part of European policy makers regarding a Greek default and potential exit or ‘Grexit’. Tett argues that a Greek failure would lead, as Lehman’s did to “wider policy uncertainty: when Lehman failed, the entire paradigm for finance suddenly seemed unpredictable”.

The British are ready to hang themselves yet again, with their General Election on Thursday 7th May 2015.