Silver as an investment

Category Archives: Finance Industry

Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia

As Venezuela teeters right on the brink of complete financial collapse, Bloomberg reports that Russia has agreed to restructure roughly $3.2 billion in outstanding obligations.  While details of the restructuring agreement are scarce, both sides reported that the deal spreads payments out over 10 years with minimal cash service required over the next six years. […]

UBS CEO On Brexit – “More And More Unlikely” It Will Move 1,000 Jobs Out Of London

With Brexit negotiations still at a delicate stage, here’s the first bit of good news for the City of London in some time… As The Telegraph reports, the boss of Swiss bank UBS has said plans to move 1,000 jobs from London as a result of Brexit are now looking "more and more unlikely".  Chief Executive Sergio Ermotti said […]

Frontrunning: July 31

HSBC, miners lift European shares as dollar holds near lows (Reuters) Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes (BBG) Trump’s Decisions Deepen Divide Among Republicans (WSJ) Koch Brothers Move to Back White House’s Tax-Cut Plan (BBG) Maduro Waits for U.S. Response After Violent Venezuela Vote (BBG) OPEC Has a Crippling Problem: Its Members […]

Trump Nominates Another Goldman Banker For Key Treasury Position

In the latest creeping takeover by Goldman Sachs of the White House, overnight the White House announced that Donald Trump will nominate another Goldman Sachs banker, James Donovan, for a key financial post as deputy Treasury secretary, the White House said on Tuesday, adding another alumnus of the Wall Street investment bank to his administration. […]

Mnuchin Dashes Banker Hopes That Prop Trading Is Coming Back

What a difference a week makes. On January 23, Reuters reported that dialing back the Volcker Rule which limits banks’ ability to engage in speculative investments using their own balance sheet, has emerged a top priority for President Donald Trump’s nominee for U.S. Treasury secretary, Steve Mnuchin.  In written responses to questions posed by members […]

Cash Is No Longer King: The Phasing Out Of Physical Money Has Begun

Submitted by Shaun Bradley via TheAntiMedia.org, As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central […]

Islamic Gold – Game Changer In Gold Market

Islamic Gold – Important New Dynamic In Gold Market Next month, 1.6 billion people will likely have a new ‘gold investment standard’ Islamic finance market expected to grow to US$5 trillion by 2020 Islamic asset classes have all under performed compared to gold Gold has risen over 367% in US dollar terms and by more in currencies […]

Canaries ‘In Extremis’

Submitted by Robert Gore via StraightLineLogic.com, Nobody “important” will admit it until after the election, but the resumption of the depression is at hand. Most people’s strongest memory of the last financial crisis was the September 2008 bankruptcy of Lehman Brothers. However, thirteen months prior to that, August 2007, two Bear Stearns’ mortgage hedge funds […]

Wikileaks Releases Another 850 Podesta Emails In Part 8 Of Data Dump; Total Is Now 11,019

Another day, another data dump. In what has become a daily routine, one which forces the Clinton campaign to bring up ever starker (most sexual) scandals involving Trump to provide a media distraction, moments ago Wikileaks released yet another roughly 1,150 emails in Part 8 of its ongoing Podesta Email dump, which brings the total […]

Wall Street’s Latest Retail Fleecing Product Exposed – Structured CDs

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Ms. Bailey, the Citizens Bank customer in Massachusetts, had sold a condo in Maine in 2013, a year after the death of her husband, who she says had handled their finances. She went to a Citizens branch in Arlington, a suburb of Boston, to deposit the money. […]