Politics

Broken World Economy Cannot Escape Scylla & Charybdis
Published by Egon Von Greyerz | Jul 10, 2020 | Articles 781

As the world economy desperately tries to navigate to a safe harbour, is it going be pulled down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world severely weakened by debt and mismanagement is unlikely to have the strength of Odysseus to pass both obstacles without disastrous consequences.

Read this article


What Powell And Lagarde Told The G7?
Published by Egon Von Greyerz | Jul 5, 2020 | Articles 6829

Why don’t Powell and Lagarde tell the people that central bank actions are destroying the economy and the value of the country’s money. The dollar has lost 86% in this century and the Euro 82%, measured in real money. Real money is of course gold since it represents constant purchasing power and is the only money which has survived in history.

Read this article


ECB Offers €1.3tn at -1% to Rescue European Banks
Published by Philippe Herlin | Jun 24, 2020 | Articles 11634

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...

Read this article



Why Gold?
Author Jim Rickards | Published by Goldbroker ™ | Jun 8, 2020 | Articles 1597

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.

Read this article


US Gold Confiscation Would be Folly
Published by Egon Von Greyerz | May 28, 2020 | Articles 36725

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthless paper money.

Read this article