EU Announces Channel To Circumvent SWIFT And Iran Sanctions Is Now Operational
Last week, social networking giant Facebook announced that it plans to create what it calls an "alternative financial system" based on a cryptocurrency called the Libra. The crypto will be backed by a basket of currencies to keep its value stable
Them Off From SWIFT ...In news that initially did not receive much prominence, on Monday a US judge found three large Chinese banks -- reportedly the state-owned Bank of Communications, China Merchants Bank, and Shanghai Pudong Development Bank --
Your bank is stealing money from you. Your bank is also your money to steal from others. This is the kind of stuff that caused Jesus to enter the temple and chase out all the corrupt bankers, but at least Jesus did not have to deal with fractional re
A host of things to think about as the week wends towards a weary close…. How about the potential of a hot-war in the Gulf as Iran squares up to the US. That's not going to end well. Or check out Brussels where the Eurocracy are divvying up the t
Technological progress is just one aspect of making the emergence of good money possible.
Governments around the world have recently been on a "gold-buying spree."
Game over. The grand central bank experiment of the last 10 years has ended in utter and complete failure.
Bloomberg would have us believe that the banksters are quaking in their boots over the possibility that Chinese-style payment apps and a truly cashless economy will be making its way to the West in the near future. But is this the banksters' nightm
Many unhappy returns. Thirty years ago, British ambassador Sir Alan Donald cabled home his classified report on the bloody goings-on in Tiananmen Square: "Students linked arms but were mown down. Armored personnel carriers then ran over the bodies
While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump's accelerating global trade/tech war, Beijing has had its hands full with avoiding a bank run in the aftermath of Baoshang Bank's failure
While modern monetary theory has provided some distraction for public and commentators alike, the war on cash goes on
As we await for Goldman to throw in the towel and admit its forecast of one rate hike in 2020 (and no cuts in 2019), was overly... optimistic, moments ago Barclays had a "hold my beer" moment, and just hours after JPMorgan changed its forecast, and a
The European Central Bank continues to disproportionately inflate the debt bubble of the Eurozone, while the economic slowdown of the main European economies worsens.
Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years.
Interview with Dimitri Speck Given the massive intervention and monetary manipulation experiment by central banks over the last decade, the amount of distortions created in the market, as well as the record debt accumulation at all levels of the e
Following the publication of his 'capitalist manifesto' where he called for drastic reforms of the American capitalist system to redistribute wealth and resources more equitably - something he followed up with an unprecedented $100 million donation t
Last week we first noted that something unexpected has been going on in overnight funding markets: ever since March 20, the Effective Fed Funds rate has been trading above the IOER.
There was a time when "price stability" – that is, money that buys the same amount of stuff every year – was considered a good thing.
'First we get silenced on social media ... then I get debanked'
Anti-gun activists and politicians are doing everything they can to effectively disarm the public.
Pastor Steven Anderson of the Faithful Word Baptist Church in Tempe, Arizona said Monday on YouTube that Bank of America shut down all the bank accounts of his church.
There are no extreme "fixes" to secular declines in sales, profits, employment, tax revenues and asset prices.
Trump's proposed nominee to the seven-member Federal Reserve board, Stephen Moore, is planning to challenge the status quo at the US central bank, at a time when it needs continuity and stability the most.
This is all going to end badly, even some ardent bulls will freely admit this, the question is the how, when and the where.
Before my blockchain career, I had a brief stint as a famous economic pundit thanks to a viral cartoon criticizing the Federal Reserve's Quantitative Easing program.
he amount of mental acrobatics that Wall Street analysts have to perform to justify continued buying of stocks even as bonds scream deflation, the yield curve screams contraction, Europe and China are already one foot in a recession, and earnings are
-Italy Moves To Seize Gold From Central Bank
This year, the world commemorates the anniversaries of two key events in the development of the global monetary system. The first is the creation of the International Monetary Fund at the Bretton Woods conference 75 years ago. The second is the adven
I'm writing to you from the beach in Larnaca, Cyprus. It's 6am and I'm jetlagged, hopped up on coffee and ready to get exploring.