Silver as an investment

Category Archives: Mervyn King

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System – Christmas film serves as reminder that savings are not guaranteed protection by banks– Savers are today more exposed to banking risks than ever before– Gold and silver investment reduce exposure to counterparty risks seen in financial system– Basket […]

Watch Live: Janet Yellen And Mervyn King At NYU

The NYU Stern school of business is hosting the latest installment of the “In Conversation with Mervyn King” series featuring outgoing Fed chair, ?Janet Yellen, who in just over two months, will depart the Fed, making way for her replacement, former Carlyle partner Jay Powell. While her speech is not expected to provide any market-moving […]

Key Events In The Coming Holiday-Shortened Week

It’s a relatively quiet, holiday-shortened (in the US) week, in which volumes are expected to grind lower as we head into the Thanksgiving holiday. In the US, existing home sales will be reported on Tues, expected to edge up to 5.4mn saar in Oct from 5.39mn in Sep. One day later, we get the durable […]

Former Goldman Chief Economist Jim O’Neill Quits UK Government

While the UK has so far avoided to implode in a depressionary supernova in the aftermath of Brexit contrary to what most of the “experts” and Tokyo-owned UK journalists had predicted, changes are taking place, mostly among the top echelons of power. Earlier today, the latest political fallout from the Brexit vote was the news […]

Why One Hedge Fund Is Once Again Preparing For The End Of The Euro

Our friends at Fasanara Capital have released a new report, which in keeping with the Mayfair fund’s recent trend of gloomy predictions, has looked beyond the current set of adverse socioeconomic development jarring Europe, and looks forward to the “last act of the Euro”, explaining why “whatever it takes” is now over, and why the […]

Frontrunning: August 29

Central Bankers Spurn Call for Radical Approach at Jackson Hole (BBG) Turkey deepens Syria offensive, at odds with U.S. (Reuters) Another red line: U.S. says clashes between Turkish forces and opposition in Syria ‘unacceptable’ (Reuters) Iceland Raises Alarm After Largest Volcano Starts to Rumble (BBG) On Syria, Democrats look to deflect the conversation (AP) European […]

Europe Has Two Options: Revolution Or Elections

Authored by Charles Gave, Chairman Gavekal Capital; originally posted via MauldinEconomics.com, In A Study of History, the great Arnold Toynbee explained that the role of “elites” in any society is to handle challenges that allow the group to survive and move on to the next phase of their shared journey. If bad solutions are offered up, then […]

Europe’s Economic Crisis Has Spread from the Periphery to the Core

We’ve noted for more than 5 years that the European crisis would spread in the following order … more or less: Greece → Ireland → Portugal → Spain → Italy → UK We also warned that the EU’s approach to economic problems in the periphery would lead the cancer to spread to the core. For […]

ZeroHedge: Mervyn King’s Alarmist Warning: “All China’s Assets In The US Might Be Annulled”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. What is it about former central bankers who first destroy the fiat system with their monetarist policies, only to go into retirement, and preach the virtues of the one compound they spend their entire professional careers trying to destroy: gold. […]

ZeroHedge: Martin Wolf: There Will Be Another “Huge” Financial Crisis

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Martin Wolf writing in the Financial Times has warned that there will be another “huge” financial crisis given the nature of the modern fractional reserve banking and financial system.  Wolf asks whether there will a “another huge financial crisis” and then answers his […]