Topic: Monetary reset
In a Nutshell
The financialization of our modern day credit driven economy and the unprecedented explosion of debt in the past four decades have slowly but surely driven our monetary system to a dead end. Unless preempted by a major war, the impact to our society when the monetary reset unfolds will not be smooth.
We go into mid-level details on topics contributing to the monetary reset, many of which are not covered, intentionally or otherwise, by mainstream media in the hope that you won’t get broadsided by this financial pickup truck when it hits and complain “Nobody saw this coming”.
The shares of Spain’s sixth biggest bank, Banco Popular, plunged 36% this week to €0.43, causing senior officials of the ECB to warn that the bank could be wound down if it fails to find a buyer. Should that happen, it would be the first major test of …
Arizona Governor signed a bill into law that eliminates states capital gains taxes on gold and silver specie, a first step to facilitate their use as currency and undermine the Federal Reserve’s monopoly on money.
A brief history of currency changes in Central and Eastern European countries since the 19th century to the present day.
Another glance at the total derivatives the big 5 Canadian banks are exposed to since our last report shows the banks collectively continued to expand their derivatives books – by almost 1 trillion.
In its fourth capital infusion since 2010, Deutsche Bank plans to raise €8 billion through the sale of equity. Existing shareholders can expect a massive dilution of 35%.
The immediate market celebration of a continued accommodative Fed at the last FOMC meeting might be premature. The pundits might have missed the cues buried in the Fed’s tea leaves.
Arizona takes a step in eliminating the FedEx’s monopoly on money by introducing competition into the monetary system.
Eurozone Target 2 imbalances have touched or exceeded the crisis levels hit in 2012 when Greece was on the verge of leaving the Eurozone. What gives?
German 2-year yield just hit an all-time low of -0.95% this week.
Utah Bill Would Set Stage For State Gold and Silver Depository, Further Encourage Use of Metals as Money
Following Texas’ footsteps, Utah introduces bill that would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money.
Sensing the ripening opportunity for shorting in the illiquid high yield bond and ETF markets, the lead wolves amongst the hedge funds are preparing for the kill.
Concerned by the dearth of liquidity, the investment community is quietly engaged in disaster preparation. How should an individual investor prepare also for the eventuality?
This series explores how market liquidity has been drying up in recent years, sowing the seeds for a much more violent rout when the next financial crisis arrives, how the investment community is quietly preparing for the eventuality and what you should do about it.
Texas has decided to build the first state level gold depository, casting a most tangible vote of no confidence yet on a monetary world careening towards a reset and where possession is the ultimate insurance in a world of re-hypothecated ownership.
Hit by the global banking crisis in 2008, Iceland took a drastically different path from the rest of the Western economies captured by banking interests. Six years later the country stands to show the world what success looks like by doing the right thing.
The possible outcomes to the monetary end game and the subsequent reset range from tolerably painful to devastating hardship and chaos. Part 3 of this series examines one which sits on the hit-me-gently end of possible monetary reset scenarios championed by a most unexpected tiny island nation of Iceland.
A recent report commissioned by the prime minister of Iceland lays bare in laymans’ terms the root causes of the 2008 collapse of the country’s banking system, the same set of core problems which permeate the rest of the monetary and banking systems of the world.
Forget about what you have been taught in economics classes on how money is created. This is how it really works in real life.
After a near death experience of its banking industry during the 2008 global financial meltdown, Iceland looks hard at the root causes of the crisis and contemplates the reset button to its monetary system, a system which shares the same characteristics and ills with the ones used by all major economies.
With the latest central-bank-gone-mad printfest otherwise known as quantitative easing from the European Central Bank, the financial world is firmly in the twilight zone. The extend and pretend strategy is pretty much on its last legs, and the monetary end game is now in sight.