– Merkel and Hollande to attend peace talks in Belarus to resolve Ukraine’s civil war today – US and UK not invited – Germany and US present united front but tensions ripple under the surface – Foreign Minister of Greece, Nikolaos Kotzias, to meet his Russian counterpart Sergei Lavrov today as the crucial Eurogroup of […]
– Tsipras to push ahead with counter-reforms “in their entirety” – Dijsselbloem tells Syriza it must comply with Troika this week or have funding cut from February 28th – Varoufakis calls the Eurogroups bluff – does not believe EU would risk expelling Greece from Euro – US apply pressure on EU to keep Greece in […]
– Chinese imports, primarily of raw materials, crashed 19.9% in January – Exports fall 3.3% against expectations of 6.3% rise – Total Chinese debt rose from $7.4 trillion in 2007 to $28.2 trillion in 2014 – Capital outflows last quarter were the highest on record – China may devalue yuan to boost exports – Currency […]
– Europe and western world is in a debt-fuelled deflation which is spiralling out of control – Global debt has risen a massive $57 trillion or more than 25% in 7 years since the crisis of 2008 – Managed debt forgiveness is essential now to avoid chaos of defaults, mass unemployment depression and economic collapse […]
ECB ‘blackmails’ Greece – “Grexit”, bank runs, capital controls and bail-ins likely Shock announcement yesterday led to volatility in markets; turmoil in Greece Stocks, commodities including oil and Greek investments fall Euro gold surged from EUR 1,104 to EUR 1,126 per ounce or 2 per cent Greek government bonds will not be accepted as collateral […]
Faber: “Only one way to short central banks and that is to buy gold”. Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”. He is long gold and recently bought more […]
Replacement for the near-century-old London gold fix will start in March London gold fix to Shanghai gold fix – still not transparent Stealth run on the London bullion market continuing? Oil surges 11%; deflation deepening Increasing signs of a slowdown of the U.S. economy is supporting gold The overhaul of the gold fixing benchmark formally […]
In January, gold surged 8 per cent in dollar terms, 11 per cent in pound terms and a very large 16 per cent in euro terms. January’s 8.4% gain for gold in dollar terms was the best month in terms of price gains in three years. Thus once again, gold bullion performed its role as […]
The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the […]
EU foreign ministers are meeting in Brussels today to discuss imposing further sanctions on Russia following an upsurge in fighting in east Ukraine.