Ireland
Gold Higher In Most Currencies in 2015 - Up 4% This Week
Submitted by GoldCore on 01/08/2016 14:23 -0500The sole focus of gold in dollar terms and the 10% fall of gold priced in dollars has led to some negative comment about gold's annual fall, the "third year of losses."
Frontrunning: January 8
Submitted by Tyler Durden on 01/08/2016 07:49 -0500- U.S. jobs market seen fairly healthy despite slowing economy (Reuters)
- China State Funds Said to Buy More Shares After Market Rout (BBG)
- Global Stocks Gain Some Respite (WSJ)
- U.S. Jobs Data Take on Added Importance With Markets in Turmoil (BBG)
- GOP Health Plans Are Works in Progress (WSJ)
- For economy czar of crisis-hit Venezuela, inflation 'does not exist' (Reuters)
Mapping China's Hilarious European Stereotypes
Submitted by Tyler Durden on 01/01/2016 17:15 -0500For those wondering what comes to mind for the average Chinese web surfer with regard to nations in Europe, we present the following map from Foreign Policy who “plotted the most common Chinese-language Baidu query for each European nation.” Highlights include "likes to fight" for Russia, "why doesn't it annex Portugal" for Spain, and "beautiful women" for Ukraine.
15 News Stories From 2015 You Should Have Heard About But Probably Didn't
Submitted by Tyler Durden on 12/31/2015 17:45 -0500In 2015, the iron fist of power clamped down on humanity, from warfare to terrorism to surveillance, police brutality, and corporate hegemony. The environment was repeatedly decimated, the health of citizens was constantly put at risk, and the justice system and media alike were perverted to serve the interests of the powers that be. However, while 2015 was discouraging for more reasons than most of us can count, many of the year’s most underreported stories evidence not only a widespread pattern that explicitly reveals the nature of power, but pushback from human beings worldwide on a path toward a better world.
Frontrunning: December 31
Submitted by Tyler Durden on 12/31/2015 07:42 -0500- Oil ends 2015 in downbeat mood; hangover to be long, painful (Reuters)
- Recession, retrenchment, revolution? Impact of low crude prices on oil powers (Guardian)
- Midwest Flooding Might Make the Oil Glut Worse (BBG)
- From Oil Glut to Shortage? Some Say It Could Happen (WSJ)
- Ten Years After Blowup, Amaranth Investors Waiting to Get Money Back (WSJ)
- China Fires a Warning Shot at Yuan Speculators With Bank Bans (BBG)
The Dollar Shortage Has Arrived: Africa Runs Out Of Dollars
Submitted by Tyler Durden on 12/23/2015 13:58 -0500In an unexpected turn of events, the disappearance of not just synthetic but very physical dollars has hit one region much harder and much faster than we expected. Africa.
Frontrunning: December 15
Submitted by Tyler Durden on 12/15/2015 07:51 -0500- Global stocks rise but oil, Fed keep investors nervous (Reuters)
- Janet Yellen: An orthodox economist for unorthodox times (Reuters)
- House Democrats Said to Be Open to Lifting Oil Export Ban (BBG)
- Don't Count on an Oil Rally If U.S. Crude Export Ban Is Lifted (BBG)
- Germany welcomes 34-state Islamic military alliance against terrorism (Reuters)
- U.S. soldier Bergdahl may face life sentence in court-martial over desertion (Reuters)
Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Submitted by GoldCore on 12/14/2015 11:17 -0500- Watch video - “Monetary insanity” of ECB and Fed is “frightening”
- “Absolutely nothing has been learned” since financial crisis
- “Financial hypocrisy on a grand scale”
- Ireland was vassal of Bank of England and now ECB
- Ireland needs to get “financial and monetary independence”
- Huge demand for gold and yet prices manipulated lower
- Real unemployment is U.S. probably 15-20%
- Dollar may rally in short term but vulnerable in long term
- Russia, China may monetise gold as geopolitical weapon
- Gold and silver are “hedges for you in local currency terms”
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Submitted by GoldCore on 12/11/2015 11:36 -0500A tragic example of this was seen in Italy in recent days when a pensioner committed suicide after having his life savings wiped out in a bank bail-in. A pensioner from near Rome, hanged himself after his €100,000 (£72,000; $110,000) investment in Banca Etruria bonds were wiped out in a bail-in. A suicide note was left by the pensioner criticising the bank.
FT Bombshell: EU Unveils Standing Border Force That Will Act "Even If A Government Objects"
Submitted by Tyler Durden on 12/10/2015 23:24 -0500"The move would arguably represent the biggest transfer of sovereignty since the creation of the single currency."
“Moment of Historic Opportunity For Gold”
Submitted by GoldCore on 12/10/2015 11:11 -0500“We're at a moment of historic opportunity”.
Gold is one of the few investments that every investor should have in their portfolio.
We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens
Submitted by Tyler Durden on 12/06/2015 21:25 -0500- Australia
- Bank of England
- Ben Bernanke
- Ben Bernanke
- Central Banks
- European Central Bank
- Finland
- fixed
- Germany
- Great Depression
- Greece
- HIGHER UNEMPLOYMENT
- International Monetary Fund
- Ireland
- Janet Yellen
- Japan
- Krugman
- Larry Summers
- Milton Friedman
- Monetary Base
- Monetary Policy
- Moral Hazard
- None
- Output Gap
- Recession
- SocGen
- Sovereign Debt
- The Economist
- Turkey
- Unemployment
Over the last few months, in a prime example of currency failure and euro-defenders' narratives, Finland has been sliding deeper into depression. Almost 7 years into the the current global expansion, Finland's GDP is 6pc below its previous peak. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are preparing to unleash "helicopter money" to save their nation by giving every citizen a tax-free payout of around $900 each month!
IceCap Asks If It Can It Get Any Worse In The Search For Yield? (And Answers: "You Bet")
Submitted by Tyler Durden on 12/05/2015 20:39 -0500Frontrunning: December 4
Submitted by Tyler Durden on 12/04/2015 07:39 -0500- The Jobs Report Probably Won't Change the Fed's Mind on Liftoff (BBG)
- U.S. authorities look for militant links to shooters in California mass slaying (Reuters)
- Neighbors, Acquaintances Shocked That Couple Are San Bernardino Shooting Suspects (WSJ)
- ECB Fumbles the Stimulus-Baton Hand-off, Mussing Up Fed’s Plans (WSJ)
- OPEC Heads for Status Quo as Members Clash Over Crude Output Cut (BBG)
- Foreigners drawn in as fear and loathing grip China's finance industry (Reuters)
Brexit: Was The Iron Lady’s Warning of EU ‘Superstate’ Correct?
Submitted by GoldCore on 12/03/2015 11:29 -0500She warned against a EU superstate by saying famously: "We have not successfully rolled back the frontiers of the state in Britain, only to see them reimposed at a European level, with a European superstate exercising a new dominance from Brussels."
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