The Great Greek Fudge
• http://www.zerohedge.comA third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone's bailout scheme, is now being negotiated.
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A third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone's bailout scheme, is now being negotiated.
Almost all wars have been paid for through inflation, three-time presidential candidate and former Congressman Ron Paul told RT, adding the practice always ends badly as currency becomes debased leading to upward pressure on prices.
You've probably read that there is a "war on cash" being waged on various fronts around the world. What exactly does a "war on cash" mean?
Anyone who thought Greece's third bailout program was a done deal or that, at the very least, the market would get a few months of respite before having to grapple with daily Grexit headlines again, got a rude awakening late last week
Over the course of six painful months of negotitations between Athens and its creditors, one concern lurking in the background was whether the IMF would be on board with a third program for Greece.
I'm what people call a "contrarian" investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.
Our survey shows a majority of traders and investors aren't optimistic.
Russia's central bank halted purchases of foreign currency to replenish the country's international reserves, a move that may lay the groundwork for a fifth interest-rate cut this year at a meeting on Friday.
Can you feel the panic in the air? CNN Money's Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear.
Some interesting, and contrarian, observations from former FX trader and fund manager, and current Bloomberg commentator, Richard Breslow on Greece - which for all the bashing, may be doing just what it is supposed to be doing.
The Conference Board just reported that US Consumer Confidence, having bounced in June, has collapsed in July (and saw the bounce revised drastically lower).
An index of the major developing-nation currencies fell to an all-time low this week, extending its drop over the past year to 19 percent, according to data compiled by Bloomberg going back to 1999.
Top Economic Forecaster Warns: Have Cash On Hand To Survive For Three Months: "No Institution Is Safe"
In his July 17th Blog, Let's Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the "Pet Rock" craze of the 1970's, when consumers became convinced that a rock in a box would provi
Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions
"High stakes" doesn't even begin to describe the game of global terrorist hunting...
Today, New York-based bitcoin exchange itBit announced that it had launched its Global OTC Agency Trading Desk.
The Bank of Canada has confirmed that, after two quarters of negative growth, the Canadian economy is technically in a recession although the bank would prefer to call it a "mild contraction." The dollar is at a six-year low, mainly due to the fa
Since last year, the number of bitcoin merchants in Argentina has doubled, according to the Financial Times. This growth comes primarily from small businesses, which are showing the highest bitcoin growth and adoption rate in all of Latin America.
Gold prices plunged to their lowest in more than five years on Monday, at one point dropping 4 percent on aggressive selling out of China, while the U.S. dollar hit a three-month high on expectations for higher U.S. interest rates.
The People's Bank of China, for the first time in more than six years, revealed a change in the country's official gold reserves.
Hybrid smartwatch manufacturer, Kairos, has partnered with global Bitcoin payment processor BitPay to accept bitcoin for their smartwatches and wearable devices. The dual US-South Korean company have come a long since launching their idea earlier
Bank of Canada Admits Recession: Shades of Voldemort; The Solution: More Bubbles; Operation Twist Canadian Style?
Having recently reached its seed-round fundraising goal of $1 million on Bnk to the Future with Factom Inc., their sister entity the Factom Foundation has now launched a Release Candidate One (RC1), a critical step for launching the Factom network.
Ken Moore, head of Citi Innovation Labs told IBTimes UK during a technology briefing that the bank has been looking at distributed ledger technology for "the last few years" and has amassed a skilled team.
You're likely thinking that a discussion of "sound banking" will be a bit boring.
European leaders announced Monday morning that they had reached a deal meant to resolve Greece's debt crisis, The New York Times reports. The new bailout for Greece would involve both "serious reforms" and "financial support," said Donald T
This week leading bitcoin companies including BitGo, Bitnet, Blockstream, Chain.com, Gem, Mirror, Xapo and Blockstream have sent a letter to the California Senate as a response to the recent approval of AB 1326, New York's BitLicense-like document
"When Money Dies" is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to sur
Peter explains how China mimics America's money-printing economic policy to suppress the strength of the yuan.