ON AIR NOW
Click to Play
This is video of an incredible speech given almost 1 year ago (February 2014), although today is the first time its video became available.
What is the best way to understand why some countries get richer and some get poorer--why some have a growing middle class and some, a shrinking middle class? ...For sure, the key to understanding is not to listen to former community organizers, ec
Bluff of the Day Revisited
WOW Swiss and Chinese Central Banks Cut Deal for Chinese Currency Clearing (A Serious Poke at the Dollar?)
Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital.
Well, that is what one might conclude after the events of the last week.
Scheme would allow government to confiscate money at will
The ECB has launched into a massive bond buying campaign for the sole purpose of redeeming Mario Draghi's utterly foolish promise to make speculators stupendously rich by the simple act of buying now (and on huge repo leverage)...
The introduction of euro zone government bond purchases, which could amount to a trillion euros, will mean the ECB will join the US Federal Reserve, Bank of England and Bank of Japan in launching a quantitative easing scheme.
Abdullah had been in poor health in recent months. Reuters reports that the king had been admitted to a Riyadh hospital in December for medical tests. The royal court announced in January that Abdullah was suffering from pneumonia.
The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.
Russia and China 'Furiously' Buying Up Gold As "a Global Currency Crisis – Albeit Unstated – is Underway"
Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported move.
The "Deflationary Vortex": Global Dollar Economy Suffers Biggest Plunge Since Lehman, Down $4 Trillion
The case for foreign investment in Ukraine is to be made by a specialist in sado-masochism, cosmetic surgery, and undress. Jaanika Merilo, 35, a member of the Estonian parliament of Ukrainian origin with US and UK training...
Germany's Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed.
Central banks lie. That is what they do.
Race for Negative 30-Year Yields Underway, Swiss In Front With 0.295%; Futility of Draghi's Upcoming QE.
Via email, Saxo bank CIO and chief economist Steen Jakobsen declares "Endgame for Central Bankers". He also asks "Why is it that Most People Trust or Bother to Listen to Central Banks?"
"De-Dollarization" Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries.
With the recent collapse in the price of oil, Gail Tverberg, returns to discuss the likely impact on the US shale oil industry, as well as the global market for oil.
Recall that the stated purpose behind the reason why Mario Draghi's ECB is about to launch a European government debt monetization program ranging between EUR500 and 1000 billion is to halt deflation, spark credit creation and rekindle inflation.
Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world's population will own more wealth than the other 9
It is the annual networking shindig for the political and corporate elite where the high altitude is matched only by the high-level networking.
Worldwide, violence is on the decline, but in the crowded cities of the global south -- cities like Aleppo, Bamako and Caracas -- violence is actually accelerating, fueled by the drug trade, mass unemployment and civil unrest.
End of day Commodity Futures Price Quotes for Crude Oil WTI (NYMEX).
SNB drops libor target range to between minus 1.25% and minus 0.25% from between minus 0.75% and 0.25%.
JIM ROGERS: I Warned You The Swiss Central Bank's Currency Policy Would End Disastrously.
Putin Strikes Back: Russia Cuts Off European Gas Supplies, Starts Selling Dollars: "The Decision Has Been Made".
Citigroup lost most than $150 million when the Swiss government decoupled its currency from the euro this week, Bloomberg reports.
