Thursday, 28 June 2012
Friday, 22 June 2012
Tuesday, 19 June 2012
Friday, 15 June 2012
Greece hid their true level of debt to join the euro currency zone. European Union authorities accepted Greece's application despite hidden Greek debt.
Thursday, 14 June 2012
JP Morgan no longer recognises the difference between hedging and speculating. Poor US taxpayers thus back JP Morgan's market speculation.
See Mineweb's article "Kazakh central bank aiming for 20% of reserves in gold", which I acknowledge.
Major global central banks are likely to continue printing money indefinitely, without limit, according to a Reuters article. The solution to excessive western debt is to devalue the US dollar, the British pound, the euro and the Japanese yen.
Tuesday, 12 June 2012
Monday, 11 June 2012
Saturday, 9 June 2012
Eric Sprott and Shree Kargutkar report that gold imports to China have increased by 1300% on a year on year basis to April, 2012.
US and UK officials, and the media, are increasing pressure upon Germany to increase German financial support for bankrupt European nations, and to support money printing. Greek public sentiment towards Germany is hostile, despite German financial support.
Friday, 8 June 2012
Thursday, 7 June 2012
Monday, 4 June 2012
Saturday, 2 June 2012
Friday, 1 June 2012
The run on Greek banks has brought the Greek banking system near to collapse; and "we are past the tipping point where Greek depositors have had enough", according to Eric Sprott and David Baker. Today Greek debt is up to E400B which is greater than the debt before the second bail-out two months ago.
If Germany, instead of Greece, were to leave the euro currency zone, would Greece continue to press for more lenient bail-out terms? Would France still advocate European "growth" through spending and increased debt if Germany left the euro currency zone? See Mike Shedlock's interview about the European financial situation, in which it is suggested that European aid is a euphemism for bailing out foreign lenders.