Tag Archive: Greece

These Are The 3 Main Issues For Europe In 2017

2017-01-21

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2017-01-21

What will the year ahead look like for Europe? 2017 will be another chapter in the European Union’s slow unraveling… a process that has been underway for over a decade. The EU is a union in name only. The transfer of sovereignty to Brussels was never total, and member states are independent countries… each with their own interests at stake.

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Gold Bars Worth $800,000 Owned By Prince

2017-01-11

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2017-01-11

gold experience
Gold Bars Worth $800,000 Owned By Prince. Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday.

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FX Weekly Preview: Macro Forces Underpin Dollar, Equities and Yields

2017-01-09

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2017-01-09

Rushmore
Odds of a March Fed hike edged up last week, and Q4 GDP figures were revised higher. Many continue to expect the new US Administration to pursue pro-growth tax reform, deregulation and infrastructure spending. Although many other high income countries are growing, near trend divergence of monetary policy continues.

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Nomi Prins’ Political-Financial Road Map For 2017

2017-01-05

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2017-01-05

2017 Just Ahead
As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet.

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European Stocks Greet The New Year By Rising To One Year Highs; Euro Slides

2017-01-04

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2017-01-04

Markit Eurozone Manufacturing PMI
While most of the world is enjoying it last day off from the 2017 holiday transition, with Asia's major markets closed for the New Year holiday, along with Britain and Switzerland in Europe and the US and Canada across the Atlantic, European stocks climbed to their highest levels in over a year on Monday after the Markit PMI survey showed manufacturing production in the Eurozone rose to the highest level since April 2011.

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FX Daily, December 27: Markets Becalmed in Wait-and-See Mode

2016-12-27

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2016-12-27

Japan Construction Orders YoY, November 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week. Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today.

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FX Daily, December 16: Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains

2016-12-16

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2016-12-16

FX Performance, December 16 2016 Movers and Shakers
Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode. The Dollar Index is seeing this week's gains trimmed, but it is up nearly 1.4% this week. Although the election has seen the dollar's gains accelerate, the current leg up began in early October. The Dollar...

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Adoption Of The Euro Has Been ‘Unequivocally Bad’ For Southern European Economies

2016-12-10

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2016-12-10

Some say that the common currency prevents less productive economies from cheating by weakening their national currencies and forces them to become more efficient and competitive. Industrial production data shows that it is not the case. Italy, France, Greece and Portugal have not only stopped producing more; they are producing now less than in 1990! The decay started immediately after the introduction of the euro in 2002!

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Greek Bonds may Soon be Included in ECB Purchases

2016-12-06

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2016-12-06

The ECB accepts Greek bonds as collateral but does not include them in its asset purchases. A new staff-level agreement by the end of the year could change that. Finance ministers imply that Greece's debt is sustainable, but the IMF disagrees.

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You’ll Only Understand Trump and Brexit If You Understand the Failure of Globalization

2016-11-18

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2016-11-18

Brexit-Trump
You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization… Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo.

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European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

2016-11-17

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2016-11-17

Eurozone
The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.

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Great Graphic: Sentix Shows a Shift

2016-11-02

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2016-11-02

Sentix Euro Break-up Index: Greece and Italy
The risk that the eurozone implodes over the next year has risen, but is still modest. Italy has surpassed Greece as the most likely candidate. The December referendum is the second part of Renzi's political reforms.

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Cashless Society – Is The War On Cash Set To Benefit Gold?

2016-10-26

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2016-10-26

Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’. Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society.

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Seven Things I Learned while Looking for Other Things

2016-10-25

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2016-10-25

Ideas
Mainland demand for HK shares has dried up this month. EMU growth may accelerate in Q4, while the collective deficit continues to fall. German fertility rate increased last year.

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Rogoff Warns “Cash Is Not Forever, It’s A Curse”

2016-09-14

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2016-09-14

Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective. Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash.

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Negative and the War On Cash, Part 2: “Closing The Escape Routes”

2016-09-08

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2016-09-08

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. In the 1930s, gold was the escape route, so gold was confiscated. As Alan Greenspan wrote in 1966:

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Negative Rates and The War On Cash, Part 1: “There Is Nowhere To Go But Down”

2016-09-04

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2016-09-04

As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic — they must grow continually or implode — hence they require ever more money to be lent into existence.

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The World’s Central Banks Are Making A Big Mistake

2016-07-20

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2016-07-20

While everyone was talking about Brexit last month, the Bank for International Settlements released its 86th annual report. Based in Basel, Switzerland, the BIS functions as a master hub for all the world’s central banks. It settles transactions among central banks and other international organizations. It doesn’t serve private individuals, businesses, or national governments.

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Hans-Hermann Hoppe: “Put Your Hope In Radical Decentralization”

2016-07-19

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2016-07-19

All major political parties in Western Europe, regardless of their different names and party programs, are nowadays committed to the same fundamental idea of democratic socialism. They use democratic elections to legitimize the taxing of productive people for the benefit of unproductive people. They tax people, who have earned their income and accumulated their wealth by producing goods or services purchased voluntarily by consumers (and of course...

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Who Is The “European Movement” And Why The Answer May Change How You Vote On “Brexit”

2016-06-23

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2016-06-23

The UK has to choice: Remain as sovereign state or merge it into the undemocratic United States of Europe. Big business, banks, central banks and the IMF want to excercise their power through unelected officials. And wonder who is responsible for the "European Movement."

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