By James Kynge and Josh Noble Questions remain over the global economic impact of Beijing’s efforts to reduce its financial reliance on the US When an economic theme goes global, Hollywood is never far behind. In the futuristic thriller Looper, retired hit man Bruce Willis travels back in time from the year 2074. Upon meeting his younger self, he advises him to stop learning French and[...]
Tag: gold manipulation
Even The BIS Is Shocked At How Broken Markets Have Become
Not a quarter passes without the Bank of International Settlements (BIS) aka central banks' central bank (also the locus of some of the most aggressive manipulation of gold and FX in human history) reiterating a dire warning about the fire and brimstone that is about to be unleashed upon the global economy. It started in June of 2013, when Jaime Caruana, certainly the most prominent doom and[...]
With Its Gold “Vaporized”, A Furious Ukraine Turns On Its Central Bankers
As reported two weeks ago, following a stunning announcement by the head of Ukraine's central bank, Valeriya Gontareva, on primetime TV we learned that (virtually) all of Ukraine's gold was gone, or - in the parlance of Jon Corzine - had "vaporized." And as we also predicted two weeks ago, it was only a matter of time before Ukraine's people - the vast majority of whom are innocent pawns in a[...]
Guess What Happened The Last Time The Price Of Oil Crashed Like This?…
By Michael Snyder There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes[...]
London Gold Pool II On The Verge Of Collapse As Panic Nears – World Scrambles for Physical Gold, US Generally Clueless
With the war in gold continuing to rage, today one of the most respected veterans in the gold world told King World News that the Western central bank cartel which has been capping the gold price for more than a decade is nearing the point of collapse as panicked phone calls are now being made to acquire sizable amount of gold. James Turk: “The battle for $1,200 gold is really heating up,[...]
Global Business Outlook: “Darkest Picture since Financial Crisis.” “US of Greatest Concern”
by Wolf Richter The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward – not by economists and Wall Street hype mongers:[...]
Grandmaster Putin’s Golden Trap – Forget Misplaced Sentiment, Position to Profit From the Financial War
By Dmitry Kalinichenko Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold. Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But[...]
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[...]
Is The Price Of Silver Really Headed Over $250?
Today King World News interviewed a 60-year market veteran who made some absolutely incredible predictions regarding the silver market. He discussed why the price of silver is headed to levels that seem unimaginable today. Below is six-decade market veteran Ron Rosen’s remarkable interview. Rosen: “The most bullish pattern that can possibly occur in a market has now taken place in silver. It [...]
Santelli Goes Ballistic: “I Feel Like I’m Living In A Cartoon” – Video
Having noted rather pointedly that "there's a subsidy in the marketplace that's worked out definitely to those that are holding equities," Santelli warns, when The Fed removes it, "it creates a problem for equities." However, when he is asked about the disconnect between the bond market (rates) and what The Fed is telling us, Santelli rightly explodes, lambasting the 'Hatzuis' of the world, "if[...]