Silver as an investment

Category Archives: Italy

Former Fed Governor: “The Fed Isn’t As Independent As Many Think”

With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen’s Albert Edwards who wrotes that “Citizens Will Soon Turn Their Rage Towards Central Bankers.” And it is not just skeptical pundits, and former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to […]

Schaeuble Warns US Pullback Could “End Our Liberal World Order”

Less than a month after German Chancellor Angela Merkel warned that “Europe must take its fate into its own hands,” Finance Minister Wolfgang Schaeuble implored US President Donald Trump to reconsider his “America First” policy, claiming that a pullback by the US would risk the destruction of “our liberal world order” by ceding influence to […]

A Replacement Of Population Is Taking Place In Europe

Authored by Giulio Meotti via The Gatestone Institute, People-smugglers bring the migrants to the NGOs' ships, which then reach Italian seaports. Another legal enquiry has been opened about the mafia's economic interests in managing the migrants after their arrival. One cannot compare the migrants to the Jews fleeing Nazism. Pope Francis, for example, recently compared […]

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees

The European Commission has launched a legal case against Poland, Hungary and the Czech Republic, for refusing to take in asylum seekers, escalating a bitter feud within the 28-nation bloc about how to deal with the Pandora’s box opened up Angela Merkel’s 2015 “Open Door” policy (since shut). The reason for Brussels’ ire is that […]

The Next Financial Crisis Has Already Arrived In Europe, And People Are Starting To Freak Out

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full […]

Draghi Confesses: Eurozone Needs ECB Cash

Whereas some members of the governing council of the European Central Bank were hinting the monetary policy would return back to ‘normal’ sooner rather than later, Mario Draghi, the president of the ECB, had a completely different opinion when he testified at the European Parliament. According to Draghi, all stimulus measures need to remain in […]

This Is How A “Bail-Out” Becomes A “Bail-In”

Authored by Simon Black via SovereignMan.com, Here’s the perfect example of how insane our financial system has become. It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish banking giant Banco Popular had been sold to Banco Santander for the price of just 1 euro. Note- that’s 1 euro in TOTAL. Not 1 euro […]

Visualizing The Global Demographic Timebomb

With record-high amounts of student debt, questionable job prospects, and too much avocado toast in their bellies, many millennials already feel like they are getting the short end of the stick. But, as Visual Capitalist's Jeff Desjardins notes, there’s another economic headwind they face as they are coming of age: the percentage of the global population that […]

Italy’s 5-Star Party Demands Immediate Elections

Not everyone is satisfied with today’s news that Italy’s early elections will likely be pushed back. Italy’s anti-establishment 5-Star Movement called on Thursday for immediate national elections after the previously reported deal on electoral reform – which would have resulted in the next Italian elections taking place in September, at the same time as Germany’s […]

ECB Preview: “Will He, Or Won’t He”, And Now To Trade The Announcement

Will he, or won’t he? Tomorrow was supposed to be the ECB meeting when Mario Draghi unveils the “guidance switch”, hinting if not at the (eventual) interest rate increase then at least a small step toward a QE exit. And then today’s Bloomberg trial balloon hit. As reported earlier, a Bloomberg “sources” story suggested that […]