• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Central Banks

Sprott Money's picture

A Big Bank Suggests WEALTH Taxation





Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

 
Tyler Durden's picture

"Nothing Has Been Fixed" - Citi's Five Reasons Why This Sucker Is Going Down





"none of the structural headwinds that seem to have plagued the global economy in recent years (a mix of excessive indebtedness, deteriorating demographics, rising political uncertainty as well as the end of the China growth miracle and the commodity supercycle) have been resolved."

 
Tyler Durden's picture

Eight "New Normal" Charts That Are Insanely Abnormal (And Dangerous)





Is there anyone on the planet who's actually stupid enough to believe these New Normal charts are healthy and sustainable? We doubt it. Rather, the apologists, toadies, apparatchiks and flacks are being well-paid to cheerlead, and the "leadership" (using the term lightly) of the discredited institutions are terrified of what will happen when people finally catch on. The New Normal is not sustainable.

 
Tyler Durden's picture

This Incredibly Reckless Policy Is Gaining Momentum





Let’s be honest, free money sounds great. And you might agree if you start daydreaming about what you’d buy with additional $1,000 or $5,000 in your bank account. The truth is, nothing is free...

 
Tyler Durden's picture

"Bankers Will Choose To Fly Instead Of Die" - Why Bill Gross Thinks Helicopter Money Is Imminent





"Money for free! Well not exactly. The Piper that has to be paid will likely be paid for in the form of higher inflation, but that of course is what the central banks claim they want. What they don’t want is to be messed with and to become a government agency by proxy, but that may just be the price they will pay for a civilized society that is quickly becoming less civilized due to robotization. There is a rude end to flying helicopters, but the alternative is an immediate visit to austerity rehab and an extended recession. I suspect politicians and central bankers will choose to fly, instead of die."

 
Tyler Durden's picture

The Central Bank War On Savers - The Big Lie Beneath





The central bank war on savers is rooted in a monumental case of the Big Lie. Here is what a retired worker who managed to save $5,000 per year over a 40 year’s lifetime of toil and sweat in a steel factory now earns in daily interest on a bank CD. To wit, a single cup of cappuccino. Yet the central bankers claim they have absolutely nothing to do with this flaming economic injustice.

 
GoldCore's picture

Silver Bullion Market Has Key New Player – China Replaces JP Morgan





Enter the Dragon. The silver bullion market has a key new player - China. The Shanghai Futures Exchange in China is replacing JP Morgan bank and its clients as the most significant new source of demand according to a very interesting blog with some great charts and tables published by SRSrocco Report yesterday.

 
globalintelhub's picture

ECB Study says US data 'leaked' to key traders





The ECB released a report that 'implies' there's insider information taking place.  Reuters sells data front running as a service, it's called 'low latency news.'

 
Tyler Durden's picture

Ron Paul: "Our Economic System Is Designed To Fail"





"I oppose today’s so-called capitalism. I don’t even like the world “capitalism,” I like “free markets.” But if you say “free markets” and “capitalism” together, we don’t have that. We have interventionism. We have a planned economy, we have a welfare state, we have inflationism, we have central economic planning  by a central bank, we have a belief in deficit financing. It is so far removed from free-market capitalism that it’s foolish for people to label it free market and capitalize on this and say: “We know it’s so bad. What we need is socialism.” That is a problem."

 
Tyler Durden's picture

"We Expect A Sizeable Sell-Off" - One Hedge Fund's Four Mega-Bearish Trades





From our friends at Fasanara Capital we get their latest contrarian - and very bearish - Investment Outlook, which can be summarized as follows: "Reflation Phase To Be Temporary, More Downside Ahead", and which also contains four key conviction trade ideas over the next 12 months. "The narrative of reflation is today dominant and can continue to propel markets for a while longer. But as we know the narrative changes fast, and when it does we can expect a quick re-pricing. As we re-assess the validity of the underlying risks, we expect a shift in narrative in the few months ahead and a sizeable sell-off."

 
Tyler Durden's picture

Ken Rogoff's Shockingly Simple Advice To Emerging Markets: Hoard Gold





For some time, the rich countries have argued that it is in everyone’s collective interest to demonetize gold. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.

 
Tyler Durden's picture

Meanwhile, Traders Are Getting Angrier With Every Passing Day





"We’re condemned to serial bouts of severe volatility having been trained to dismiss real and knowable risks as just improbable black swans....  Central banks can’t keep giving markets everything they want, or the volatility in the end will be catastrophic"

 
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