Financial crisis


ECB Offers €1.3tn at -1% to Rescue European Banks
Published by Philippe Herlin | Jun 24, 2020 | Articles 9793

By rolling over the debt of ailing banks (new loans to pay off old ones), the ECB is giving them a very bad habit, namely that of governments with perpetual deficits, which are thus exempting themselves from any budgetary effort. What is the point of cleaning up one's balance sheet if the ECB graciously provides the necessary liquidity? The intrinsic situation of the large European banks is therefore not going to improve, at the greatest risk to savers...

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The Great Reset
Published by Cyrille Jubert | Jun 17, 2020 | Articles 10906

On June 3, 2020, at the World Economic Forum, Kristalina Georgieva, the current director of the IMF, gave a conference untitled "The Great Reset". During her speech, she referred to the 1944 Bretton Woods conference, which had set the monetary rules for the following decades and she declared that this epidemic is an opportunity to change the world.

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$GOLD $VIX $SILVER $HUI: 2008 vs Now
Published by Stefano Bottaioli | Jun 16, 2020 | Articles 8623

This chart shows a comparison of Gold, Silver, VIX and HUI in 2008 and now. The extreme movements of volatility (VIX) have often accompanied movements of opposite sign in the precious metals. If we review the phase of extreme volatility seen in 2008, we find several similarities with the current phase.

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Disconnect Between Rising Markets and the Current Economic Collapse
Published by Egon Von Greyerz | Jun 10, 2020 | Articles 1773

Egon von Greyerz and Grant Williams address global market risks, the now total disconnect between the recent price rise of risk assets and the current collapse in economic and social signals. They obviously also cover the role of gold as a historically consistent solution to both inevitable market volatility and the declining purchasing power of fiat currencies around the globe.

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Why Gold?
Author Jim Rickards | Published by Goldbroker ™ | Jun 8, 2020 | Articles 1451

Why gold? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply by saying, “It’s not a rock, it’s a metal” and then go from there.

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