Switzerland

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 It’s been estimated that the total worldwide value of such contracts equals 150 times the amount of gold in existence in the world  ... Uh-oh   ...  This is why it’s imperative that you purchase only physical, allocated gold.


"The Financial Crisis Has Morphed Into A Growth Crisis" - Rogoff Warns "Cash Is Not Forever, It's A Curse"

"Big bills are a curse... understand this: Cash is not forever... in fifty years there will be no cash... it’s one very important step towards enabling central banks to have much more effective tools in fighting a financial crisis and in particular to use negative interest rates in an effective way... people who are older need to think about having a larger share of stocks than the traditional wisdom..."

A Homerun For The Donald - Attack The Fed's War On Savers, Workers And The Unborn (Taxpayers)

"Indeed, the Fed is waging an insensible and outrageous war on savers, workers and future taxpayers - even as it pleasures the 1% with fantastic financial windfalls from the Wall Street casino. Now that is a rigged system. And that is a beltway evil that merits the Donald’s unrelenting attack on behalf of the citizens of Flyover America who have been left behind in their tens of millions."

Sorry, You Can't Have Your Gold

Whatever the outcome of the coming economic crisis, those who have chosen the safest havens for their wealth will be those who will fare best.

The Signs Of Desperation In A "Twilight Zone Of Ignorance"

Idiocy and mendacity are a bad combo in the affairs of nations, especially in elections. The present case in the USA displays both qualities to near-perfection: on one side, a boorish pseudo-savior in zero command of ideas; on the other side, a wannabe racketeer-in-chief in full command of her instinctive deceit. Trump offers incoherent rhetoric in opposition to the current dismal order of things; Clinton offers empty, pandering rhetoric in defense of that order. Both represent an epic national drive toward political suicide.

US, Russia Clinch "Breakthrough" Syria Deal Over Vodka, But There Is A Catch

The US and Russia hailed a breakthrough deal on Saturday to put Syria's peace process back on track, including a nationwide truce effective from sundown on Monday. There was just one catch: the terms of the latest deal are a secret, and nobody knows what was actually decided, as both sides agreed not to release the documents publicly.

Stock Market Bubble Will Pop, Social Mood Will Get Extremely Ugly

Buying equities will put additional pressure on corporate CEOs to cut expenses and to postpone investments, fostering even greater Main Street resentment toward the financial elite. Consumer confidence won’t rise as consumption and economic growth stagnate. Having so clearly sided with owners of capital, rather than the employees of capital, global central banks are likely to become an easy target for populist ire.

Negative Rates & The War On Cash, Part 2: "Closing The Escape Routes"

History teaches us that central authorities dislike escape routes, at least for the majority, and are therefore prone to closing them, so that control of a limited money supply can remain in the hands of the very few. The existence of escape routes for capital preservation undermines the viability of the banking system, which is already over-extended, over-leveraged and extremely fragile. In the 1930s, gold was the escape route, so gold was confiscated. This time cash serves that role...

US Paid Iran Another $1.3 Billion In Cash In Form Of Swiss Francs, Euros And Other Currencies

One month ago, a scandal erupted when it emerged that the US had made a $400 million cash delivery to Iraq (in foreign currencies) to facilitate the release of 4 US hostages held by the regime; many promptly called it a ransom payment. Overnight the WSJ confirmed that this was just a part of a bigger shippment of cash, when it reported that the Obama administration followed up a planeload of $400 million in cash sent to Iran in January with two more such shipments in the next 19 days, totaling another $1.3 billion.

The Swiss Begin To Hoard Cash

"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs."