Just in case anybody can tell me; does New Zealand have it’s own gold in some vault somewhere and if so where? Yesterday the Bundesbank announced it would repatriate all of it’s considerable gold stock back from France and some of it’s gold from New York. As far as I am concerned this is huge […]
HAHAHAHAHAHAHAHAHAHAHaaaaa (hollow evil laughter) The hurricane water surge has come and gone, devastating downtown New York, but one place, the one that represents the deepest hole burrowed south of Houston street and literally lies on the New York bedrock 80 feet below street level, is safe and sound. The place, of course, is where over […]
Well… As they say in the US: possession is 9/10ths of the law so good luck with that! In perhaps the biggest story in gold since Hugo Chavez sent shockwaves throughout the gold market in mid 2011 (and propelled gold up $300 to a record $1915), the Federal Accountability Office has ruled that the Bundesbank must […]
Slovenia joined the Eurozone in 2007, went on a borrowing binge that blind bond buyers eagerly made possible, dousing some of its two million people with riches, creating a real estate bubble that has since burst, and driving up its external debt by 110%. And in October, it may go bankrupt, admitted Prime Minister Janez […]
While we are being distracted by the royal pageantry and the Olympic games the collapse of our entire financial system moves inexorably towards its demise. Here are some pointers you might be forgiven for having missed as they are not present in our mainstream media. China, the great economic power that was going to be […]
By Paul Graig Roberts On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from […]
From Zero hedge: The only quote worth noting from the just delivered speech by ECB executive board member José Manuel González-Páramo is the following: “We cannot completely delegate governance to financial markets. The euro area is the world’s second largest monetary area. It cannot depend solely on the opinions of ratings agencies and markets. It […]
The end of the Euro!!! The following cable from US ambassador to Germany Philip Murphy (“Ambassador Murphy spent 23 years at Goldman Sachs and held a variety of senior positions, including in Frankfurt, New York and Hong Kong, before becoming a Senior Director of the firm in 2003, a position he held until his retirement […]
So in England hundreds of kids go on a rampage, in Greece they burn banks and in Egypt and Israel they camp out in tents with the Israeli demonstrators upping the ante with a guillotine for all to see on the Rothschild boulevard but in Germany the financial fortress of Europe the citizens are happy […]
Much is made from the German’s refusal to help out in Libya. That they would not help is of course just rubbish but what to do if you suspect you’re population doesn’t buy the involvement in yet another criminal war of aggression? Exactly, you help out in another already accepted war so your criminal mates […]
Another false flag operation but this time the perpetrators got caught. The arrest of three German secret service agents in Kosovo exposes the sort of society that has been developed with German and American support in this former part of Yugoslavia—one mired in corruption, organised crime and secret service plots. The affair began on November […]
Deutsche Bank’s announcement that it is short €29 billion has Germans fretting. If the country’s biggest bank is in trouble, what does that mean for the others? Commentators think it could be bad news. DPA Josef Ackermann’s comments in a television interview aired on Thursday caused Deutsche Bank’s stock to shed 3 percent of its […]
