In terms of the cycle of market emotions, gold is as close to ‘depression’ as we have seen (see chart). Yet, so far in 2014, gold is 14.3%, 12.3%, 5.8% and 0.4% higher in japanese yen, euros, sterling and dollars respectively (see chart).
One thing is quite certain...
It has been speculated that western central bankers have been dishoarding their peoples hard earned gold reserves in a futile attempt to keep the price of precious metals down and to artificially prop up fiat currencies.
Although it is a horrible crime against its citizens, one needs to understand that the source of government power comes from its ability to fool its people into thinking fiat currency has real value.
A desperate feeding frenzy takes its course.
The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.
The ongoing slump in oil prices looks set to take their toll on London’s “super prime” property markets with attendant consequences for the rest of the London property market. Foreign money that had been flooding into the UK from a whole array of international sources and parking in London real estate is drying up.
Yes, the CEO of JP Morgan sits on the board of his own regulator as part of a deal that was struch way back in 1905 at the origin of the Federal Researve.
Is this weakened system able to absorb a spike in one-directional volume? Will it step up and keep order? Or will it back off and allow volatility to roar?
Nobel Prize Winning Economists, Federal Reserve Chair and Other Top Experts: War Is BAD for the Economy
Thanks to the People's Bank of China...
Total U.S. national debt hit a new record high overnight at over $18 trillion as the Obama administration continues to pile debt onto the back of the U.S. taxpayer at a rate that would have made George W. Bush look prudent.
Where's zee gold...Bitch!