Commodity Trade Mantra

Posts Tagged ‘IMF’

Global Capital Markets Are A Tale of Two Crises

A crack-up was always just a matter of time. Is this the time? Both have the potential to ignite a global systemic meltdown. Are China and Greece the snowflakes that start the avalanche? Probably not. The system is fragile and these crises are urgent. But they are also amenable to government responses ranging from plain vanilla bailouts to more extreme bail-ins.

Will They Confiscate Money From Bank Accounts In Greece - Like Cyprus?

ECB is up to its eyeballs swimming in unpayable Greek debt that it holds & has only 2 alternatives. It can push the €112 billion of Greek debt it holds to the national central banks of the Eurozone & on to the backs of the taxpayers in those countries. Or confiscate depositor money in Greece, like it did in Cyprus.

The Next Gold Bull Market Starts Before October

China believes the renminbi is “ready for reserve status.” What’s the connection to gold? If Chinese officials seek “reserve” status for the currency, they’ll want to announce their updated gold holdings beforehand. Demonstrating they hold ample gold reserves puts the currency on more solid footing.

China's True Gold Holdings To Remain A Secret After All

What we thought would be an imminent, critical and extremely overdue public announcement from China has again been indefinitely postponed. And so with the gold community eagerly expecting a confirmation from China that its gold holdings have doubled, tripled or more, China – and the IMF – suddenly get cold feet. Again.

China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank

Beijing will push for the yuan to be included in a basket of currencies used to denominate and settle loans from the Chinese-led Asian Infrastructure Investment Bank (AIIB). China would push for broader use of the yuan at the AIIB and the Silk Road Fund, as part of efforts to promote the yuan as an international currency.

Government Control of Currency A Good Reason To Hold Physical Gold and Silver

Governments want total control of your money & if they need your money they won’t hesitate to steal it from your account. Average savers can no longer rely on the state to protect their deposits. This is a good reason for depositors to allocate some of their funds to physical gold and silver stored outside of the banking system.

At The End Of The Road - Greece Prepares For Default, FT Reports

A default would almost certainly lead to the suspension of emergency ECB liquidity assistance for the Greek financial sector, the closure of Greek banks, capital controls & wider economic instability. Unfortunately for Greece, the default threat has been used, abused & denied so many times, nobody cares, or believes it will be used.

How a Default by Greece May Sill Unravel the EU

Greece is actually in the driver’s seat. Historical evidence shows that once a country reaches such a situation it is likely to default within the next 2 years. Quotation: “If you owe the bank thousands, then you have a problem. If you owe the bank millions, then the bank has a problem.” In the current situation, it is the EU that has a problem.

Some Burning Questions For 2015

Most investors go about their job trying to identify ‘winners’. But more often than not, investing is about avoiding losers. The big question confronting investors today is how to avoid the potholes of tomorrow. To succeed, we believe that investors need to answer the following questions. The answers will drive performance for years to come.

IMF Now Ready To Slam The Door On The U.S. And The Dollar

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency & bring the BRICS into the SDR fold.

Russian Bear—or Gold Bull?

Russia announced that it’s central bank bought about 150 tonnes of gold this year. Fact is that Russia has been buying gold for years. This trend has taken Russia’s gold holdings from around 400 tonnes 13 years ago to a fast approaching 1,200 tonnes at the end of 2014. A clear message: Russia prefers to hold gold more than the US dollar.

Gold And Silver – Is the Golden Rule Broken?

Why has the concerted effort to suppress gold and silver been so unopposed by China & Russia when either country could “stick it” to the West & collapse the “dollar” & Western central banks in a day? It may also be that China & Russia are assisting IMF as it is not in their best interest to see gold and silver “reset” dramatically higher.

Gold And Silver – A Change In Suppressed Down Trend?

Until there is a clear break of elite’s central banking dominance over gold and silver markets, there will be no dramatic recovery reflective of where the true price for both should be. The current distorted pricing, as dictated by the paper derivative market & not actual physical metal, will prevail demonstrating the power the elites exert at will.

Wealth Inequality Is Not A Problem, It’s A Symptom

Wealth inequality still rises rapidly within America, and it doesn’t serve the people. So why does it happen, and why do we let it? Because the inequality that matters most is not wealth, but power. And we’ve been made to believe that we still have that power, but we don’t. It’s about the power we don’t have.

Governments Need Inflation, Economies Don't

The only thing that inflation can do is to help governments spend & remain viable. It’s a drug they can’t do without. Economies do just fine with low inflation. The idea that governments can hold inflation to just 2% per annum is preposterous. Once it breaches that level, governments will be powerless to contain it. Endgame will be hyperinflation.

26 Other Ways China, The Largest Economy, Has Surpassed America

In terms of raw GDP, the U.S. is still number one, at least for now. But according to the IMF, China is now the number one economy on the entire planet in terms of purchasing power…China accounts for more total global trade than the US, consumes more energy than the US & China now manufactures more goods than the US does.

One World, One Bank, One Currency

After QE to infinity since 2008, printing another $3 trillion+ won’t be politically feasible. The specter of sovereign debt crisis suggests urgency for new liquidity sources, bigger than those that central banks can provide, the next time a liquidity crisis strikes. The logic leads from one world to one bank to one currency for the planet.

What The World Bank Actually Does

What is the World Bank, what does it do & why is it important for the BRICS to challenge its hegemony in the development & poverty reduction arenas? For answers, we need to examine both – the official history that it touts to the outside world & real history of its part in plundering the developing world that it is supposedly there to help.

Capital Controls, Confiscation of Savings - What to Expect Further

The Capital Controls evidence is overwhelming and has already alarmed most investors; our greatest risk is not a bad investment but our political exposure. And yet most of these same investors do not see any need to stash bullion outside their home countries. They view international diversification as an extreme move.

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