Wealth Abuse
Elites Don’t Need to Ban Cash to Eliminate It
BY BRIAN MAHER It’s a new year. And the war on cash opens on a new front… India launched a major offensive in November when it banned the most widely used bank notes. Chaos was […]
Wealth Abuse
Wealth Abuse
Currency and the Collapse of the Roman Empire
Currency and the Collapse of the Roman Empire The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use […]
Wealth Abuse
Central Bankers Are Losing Faith in Their Own Alchemy
David Gordon Mervyn King is the British Ben Bernanke. An eminent academic economist, who now teaches both at New York University and the London School of Economics, King was from 2003 to 2013 Governor of […]
Wealth Abuse
Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”
by Tyler Durden Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under […]
Wealth Abuse
Eight Years After an Epic Banking Crash, America’s Biggest Threat Is Still Its Banks
Source: Federal Deposit Insurance Corporation By Pam Martens and Russ Martens: December 27, 2016 In 1934 the U.S. had 14,146 commercial banks holding insured deposits. By 1985, that number had barely budged, standing at 14,417. […]
Wealth Abuse
Playing Whack-A-Mole In Hell: China Battles To Avoid A Meltdown
The Heisenberg Follow(3,836 followers) Currencies, macro, commodities, geopolitics Send Message | The Heisenberg Report Summary Keeping track of the multitude of problems facing the Chinese economy and financial system is a full-time job. But keeping […]
Wealth Abuse
Brace Yourself For Italy’s Bankruptcy
by Tyler Durden Submitted by John Mauldin via MauldinEconomics.com, When Charles Gave, paterfamilias of Gavekal, chooses to express displeasure over an economic trend, an asset class, or what have you, he does not exactly mince […]
Wealth Abuse
Monte Paschi Private Bailout On Edge Of Collapse As “Potential Anchor Investors Balk”
by Tyler Durden On Sunday, when we previewed the latest last-ditch effort to rescue Italy’s third largest bank when Monte Paschi launched a 4-day attempt to sell €5 billion in equity to anchor and retail […]
Wealth Abuse
Are You “Living In a Death Spiral”? These 6 States Will Collapse During the Next Recession
Mac Slavo Being on the hook is not going to be pretty when interest rates are raised back up, and debts come due. At a personal level, it will mean more stress and juggling to […]
Wealth Abuse
100-YEAR TREASURIES UNDER TRUMP TREASURY SECRETARY STEVEN MNUCHIN?
By ROBERT ROMANO “We’ll look at potentially extending the maturity of the debt, because eventually we are going to have higher interest rates, and that’s something that this country is going to need to deal […]