Author: JOHN RUBINO De-dollarization events that would once have been a big deal have become common lately. Some examples: UAE officially stops using dollar for oil trades (Watcher) - The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic[...]
Tag: central bank
Is Gold A Manipulated Market? If so, it’s now manipulated upward
Author: JOHN RUBINO Some readers responded to last Wednesday’s post on gold’s trading pattern (Gold: Resistance Is … Finite) with shock that I didn’t know gold is a manipulated market where technicals don’t matter. This gives us a good jumping-off point for a look at several forms of gold manipulation that have been practiced over the years: Wall Street traders use[...]
After The Fed Crushed The Middle Class, It Is Targeting The American Family
On a number of occasions this month we’ve drawn attention to the divergent fates of the 80% of American workers whose wages are declining and whose general outlook is concomitantly deteriorating, and the other 20%, whose pay is increasing and who generally feel good about their economic future. We also pointed out that with the correlation between wages and consumer spending now nearly perfect[...]
ECB’s Is NOT Stimulating Economy – Its a Bank Bailout
February 2, 2015 by Martin Armstrong See the story at Armstrong Economics[...]
Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed
A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank - what the real reason was for Germany's gold repatriation halt after obtaining a meager 5 tons from the NY Fed: ... the gold community[...]
Central Banker Admits Central Bank Policy Leads To Wealth Inequality
Editors Note: The true purpose of central banking is to create debt slaves of the masses and enrich the elite. That is why central bankers and the power elite hate physical gold and silver in the hands of the average citizen. Six years after QE started, and just about the time when we for the first time said that the primary consequence of QE would be unprecedented wealth and class inequality [...]
The GLD Trust Is Being Drained – You Were Warned About Counterparty Risk!
by David Kranzler Investment Research Dynamics It’s a matter of “trust.” How much do you trust GLD’s vault custodian, HSBC? Has HSBC given us any reason to place trust in both its financial reporting and the way it operates? HSBC has been already been nailed for rigging LIBOR and the LBMA gold fix. [...] I wonder how many of those bars shown in the picture do not belong in the GLD[...]
Here Is The Most Frightening Prediction To End 2014 and Enter The Future
Today King World News interviewed a 60-year market veteran who made some absolutely frightening predictions as we head into the end of 2014. He discussed what to expect in the major markets, including stocks and gold, and he warned that despite the propaganda and recent stock market action, the West is literally “destroying” itself. Below is six-decade market veteran Ron Rosen’s remarkable[...]