“Why is gold getting hammered? “the caller asked. I could hear dejection in his voice.
“Gold’s not getting hammered,” I said. “The euro’s getting hammered, and right now, just as I’ve...
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Posted by Bill Haynes on May 3rd, 2012
Category: Eurozone, Gold, The Dollar
Gold serves as the basis of the global monetary system for the simple reason that it exists as a finite, physical store of value. And unlike every issuance of debt or piece of printed money, there is no...
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Posted by Paul Carter on January 11th, 2012
Category: Economic Crisis, Eurozone, Gold, Interesting Issues, The Metals Markets
Here’s an excellent interview with former Dallas Fed Vice President Gerald O’Driscoll in which he exposes the Federal Reserve’s recent dollar swaps with the European Central Bank for...
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Posted by Paul Carter on January 8th, 2012
Category: Economic Crisis, Eurozone, Federal Finances, The Federal Reserve
Wednesday, six of the world’s largest central banks, led by the Fed, averted a meltdown of the Eurozone’s banking system by agreeing to print more money. One has to wonder: if solving such dire financial...
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Posted by Bill Haynes on December 1st, 2011
Category: Economic Crisis, Eurozone