• Pivotfarm
    04/20/2014 - 17:08
    As the audience went from laughter to applause, Vladimir Putin responded to the question that he had just read out on a televised debate in Russia. What was the question?

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Bail-Ins Approved By EU Yesterday - Coming In UK, U.S. And Globally





“Bail-in” means that the bank’s owners - the shareholders, and creditors -  the bondholders and now even depositors, will be line to absorb losses banks will incur, before outside sources of finance may be called upon. Deposit confiscation cometh ...

 


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Pensions 'Timebomb' - 85% of Pension Funds Will Go Bust





Pension funds over exposure to paper assets and lack of diversification has cost pension holders dearly in recent years. This will continue in the coming years with attendant consequences for pensions ...

 


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Palladium, Gas and Wheat Surge On Supply Concerns





Wheat, gas and palladium surge 3.3%, 2.4% and 1.7% respectively. Palladium surged for a fifth straight session to its highest since August 2011 on growing fears that supply would be hurt by more U.S. sanctions on top producer Russia and prolonged labour strikes in world number two producer, South Africa.

 


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Prepare For Dollar Collapse With 33% Allocation To Gold - Rickards





Rickards does not expressly say one should put 33% of one’s wealth in gold but suggests that an allocation of between 10% and 33% would be prudent. In this regard, he echos Dr Marc Faber who suggested a 25% allocation to precious metals last week.

 


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Bail-In Regime Facing Increasing Opposition In EU





The EU agreement on a common rulebook for handling bank failures, including bail-ins, is in danger of unravelling over the fine print restricting when a state can intervene to rescue a struggling bank. It is important to realise that not just the EU, but also the UK, the U.S., Canada, Australia, New Zealand and most G20 nations have plans for depositor bail-ins ...

 


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Gold and Oil Rise As U.S. Russia Relations Deteriorate Sharply





Symbolism is important and Putin may be sending the U.S. a message, in the aftermath of JP Morgan unilaterally deciding to block an official Russian wire transfer, regarding how they might use gold as a geopolitical weapon should economic and currency wars deepen ...

 


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UK Turned Into “Nation Of Savers” … “Instantly” After "Radical" Accounting Overhaul





Accounting tricks and manipulation of economic data is taking place globally and will contribute to people being misled regarding the true state of national economies and the global economy. The false sense of security seen before the global financial crisis has returned ...  it can only end in tears ...

 


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UK Government Deposit Confiscation Powers Faces Backlash





“George Osborne is facing a backlash over plans to give his government unprecedented powers to dip into taxpayers’ bank accounts to seize unpaid tax debts.” The surreptitious and somewhat underhand manner in which the legislation was slipped in should give pause for concern. In that way, the measures are similar to the developing bail-in legislation in the UK which is gradually coming into place without any public debate or informed discussion.

 


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Faber On Gold Manipulation, The Fed's Gold and Importance Of Not Storing Gold In U.S.





Dr Faber discussed the importance of not owning gold stored in the U.S., the mystery of the Fed gold, why Singapore is safest for gold storage, the risks of bitcoin and how small countries should revert to national currencies. The must watch interview can be watched here ...

 


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“Bail-In” Risk High In Banks - New Rating Agency





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.

 


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Faber - “How Could You NOT Own Gold?”





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. 

 


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UK Budget Means Bank Accounts Can Now Be Raided





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.

 


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Fed Needs To “Stress Test” Itself As Balance Sheet Balloons To $4.3 Trillion





The Federal Reserve is likely to suffer significant losses on its Treasury holdings once interest rates rise from historic lows. Indeed, the researchers at the San Francisco Fed have recently called for "stress tests" on the Fed itself. Fail to prepare ... prepare to ...

 


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UK Housing Boom Could Turn To Bust … Again





Britain's former chairman of the  Financial Services Authority (FSA), Lord Adair Turner, warned that the UK could be repeating the 2008 financial crisis by fueling the property market ... When money is debased by monetary authorities on an industrial scale, the results can be catastrophic ...

 


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EU Agreed Banking Union Yesterday - Global Bail-Ins Cometh ...





In the early hours of yesterday morning European Union politicians struck a deal on legislation to create a single agency to handle failing banks and bail-ins in the Eurozone. It is important to realise that not just the EU but also the UK, the U.S., Canada, Australia, New Zealand and most G20 nations all have plans for bail-ins. Prepare accordingly ...

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