money

The 12 Gold Bugs of Christmas

"None of these parties think the gold bull market is over, nor the price too high. They recognize the implications of a world floating on fiat currencies, and that government 'solutions' to debt and deficit spending will significantly – perhaps catastrophically – dilute the value of currencies, the fallout of which has yet to materialize. As for me, I think that the longer the malaise continues, the more likely the breakout is to be both sudden and dramatic." Continue reading →

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World’s 50 Safest Banks 2012

"Bank stability remains a pressing concern for the world’s corporations and investors. It is within this context that Global Finance announces its 21st Annual Ranking of the World’s 50 Safest Banks. Canadian banks are the best performing in North America with seven banks in the top 50 compared to five from United States. Banks from Singapore are the strongest in Asia and from Chile in Latin America. Credit ratings and rankings of most European banks have suffered except for those at the very top of the list which have explicit guarantees from AAA rated governments." Continue reading →

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IRS looking at Lindsay Lohan’s cash appearance payments

"The night she was arrested outside Club Avenue, Lohan was reportedly searching for her sister’s purse because it contained $10,000 in cash. On Monday, it was revealed that the troubled actress had all of her bank accounts seized by the IRS because she owed in excess of $200,000. And while Lohan remains in serious trouble with the state of California, given that last week charges were filed against her for lying to police the same day she was arrested on assault charges in New York City, we’re told her IRS problems could ultimately prove to be Lohan's undoing." Continue reading →

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Highway Robbery, Cajun Style

"After Tina Beers was stopped for a suspected traffic violation, the officer conducted a search of her minivan because she appeared nervous. He found a large amount of cash that had been bundled in rubber bands and shrink wrap. He claimed that the method of packing the cash suggested that it was drug proceeds, and confiscated it. No crime was committed, no charges were filed, there was no probable cause for the seizure -- but because the money was wrapped in a certain way, and the female driver was nervous in the presence of an armed tax-feeder, the highway robbers in uniform get to keep the cash." Continue reading →

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Highway Robbery, Cajun Style

"After Tina Beers was stopped for a suspected traffic violation, the officer conducted a search of her minivan because she appeared nervous. He found a large amount of cash that had been bundled in rubber bands and shrink wrap. He claimed that the method of packing the cash suggested that it was drug proceeds, and confiscated it. No crime was committed, no charges were filed, there was no probable cause for the seizure -- but because the money was wrapped in a certain way, and the female driver was nervous in the presence of an armed tax-feeder, the highway robbers in uniform get to keep the cash." Continue reading →

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Bank of Japan likely to ease again next week via asset buying

"The Bank of Japan will likely ease monetary policy next week, sources say, as looming risks such as the potential fallout from the U.S. fiscal cliff and weak Chinese growth continue to cloud the outlook for an economy already seen as in recession. The most likely option is for the central bank to expand its asset-buying and lending programme, currently at 91 trillion yen ($1.1 trillion), by another 5-10 trillion yen, at the meeting on Dec. 19-20. The central bank has been under intense pressure to become bolder in its efforts to beat deflation ahead of a lower house election on Dec. 16, which polls suggest the main opposition Liberal Democratic Party (LDP) will win." Continue reading →

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Bank of England & Carney: This Doesn’t Sound Good

"'The [UK] Treasury opened the door to a more aggressive monetary policy on Wednesday, as aides to the chancellor welcomed the next Bank of England governor’s radical views on stimulus measure for flagging economies. In a speech on Monday, Mark Carney suggested setting targets for the overall size of the economy, or nominal gross domestic product, rather than inflation.' [...] Does it worry anyone besides me just a teensy bit that this guy hasn’t even figured out where the BoE coffee pot is, and his people are already lying for him? Far be it from me to distrust an ex-Goldman Sachs banker, but still…" Continue reading →

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Bernanke to Double Down on Money Printing

"Mad money printer Ben Bernanke, in addition to continuing his current $40 billion in mortgage-backed securities, is going to also purchase longer-term Treasury securities at the tune of $45 billon per month. This is very serious money printing, especially given that banks appear to be adding this money to the system rather than putting the funds in excess reserves. Prepare for strong 2013 price inflation." Continue reading →

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Detlev Schlichter: What is wrong about the euro, and what is not

"Merkel is desperately trying to pretend that these governments are not bankrupt, that the debt will be repaid, and in so doing she throws good money – that of the German taxpayer – after bad. Most of the governments in Europe, plus the US, the UK and Japan, are unlikely to ever repay their debt, and the big risk is that, once the 40-year fiat money boom that facilitated this bizarre debt extravaganza has ended for good, a lot of that debt will have to be restructured, which means it will be defaulted on. That is not the end of the world, albeit the end of the type of government largesse that has defined politics in the West for generations." Continue reading →

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Secret Service Turns Up the Heat On Circulating Liberty Dollar Coins

"Some years ago, news reporter Simon Constable joked that you should hide your Liberty Dollars because the feds are coming after them! Unfortunately, the Secret Service just took an alarmingly big step in that direction. I just received the message below that was sent to an E-Bay seller who had all his NORFED Liberty Dollar (NORFED) removed from his site." Continue reading →

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