Tag Archives: Greece

The Eurogroup has approved short-term debt measures for Greece. The explanations on the ESM website are not very precise. A chronology of the Greek debt crisis and the European institutions.

[See also The Numbers Show Trump Win NOT Due to Racism and Sexism] You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on...

Submitted by Ronan Manly, BullionStar.com The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB...

[See also The Numbers Show Trump Win NOT Due to Racism and Sexism]   You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on Thursday:  “Trump won. Globalization lost. Now...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: The risk that the eurozone implodes over the next year has risen, but is still modest. Italy has surpassed Greece as the most likely candidate. The December referendum is the second part of Renzi’s political reforms. Sentix conducts investor surveys...

Submitted by Jan Skoyles via GoldCore.com, Introduction  Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’. Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society. The Presidential campaign has been dominated for months and again this week by the...

Summary: Mainland demand for HK shares has dried up this month. EMU growth may accelerate in Q4, while the collective deficit continues to fall. German fertility rate increased last year. Here is to the serendipity of learning: 1. Chinese buying of Hong Kong shares has dried up this month compared with the record equivalent of $8 bln in September. So far this month’s purchases are less than $1 bln. In...

Summary: Mainland demand for HK shares has dried up this month. EMU growth may accelerate in Q4, while the collective deficit continues to fall. German fertility rate increased last year. Here is to the serendipity of learning: 1. Chinese buying of Hong Kong shares has dried up this month compared with the record equivalent of $8 bln in September. So far this month’s purchases are less than $1 bln. In...

Submitted by Christoph Gisiger via Finanz und Wirtschaft, Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective. Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash. «Paper currency lies at...

Submitted by Nicole Foss via The Automatic Earth blog, Part 1 Here. History teaches us that central authorities dislike escape routes, at least for the majority, and are therefore prone to closing them, so that control of a limited money supply can remain in the hands of the very few. In the 1930s, gold was the escape route, so gold was confiscated. As Alan Greenspan wrote in 1966: In the absence of the gold...