Silver as an investment

Category Archives: DBRS

US Household Debt Is Rising 60% Faster Than Wages, And One Rating Agency Is Worried

In a report released today by DBRS titled “Consumer debt and debt burden”, the rating agency which is best known for keep Italian debt eligible for ECB monetization at the peak of the European banking crisis, looks at the latest Quarterly Report on Household Debt and Credit issued by the NY Fed (discussed here previously) […]

ECB Caught Using Fictional Rating System for Italian Bonds Used as Collateral for Loans

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / By Mike “Mish” Shedlock / November 09, 2013 12:26 PM Spiegel online has an article on the non-transparent as well as fictional way the ECB treats Stripped Bonds (Strips) of Italian Banks handed over to ECB as collateral for loans. […]