Silver as an investment

Category Archives: payment

Visa Begins Bribing Merchants To Stop Taking Cash

Authored by Yves Smith via Naked Capitalism blog, The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash (and […]

War On Cash Escalates: Australia Proposes Ban On $100 Bill; No Cash Within 10 Years?

Submitted by Michael Shedlock via, Global financial repression has picked up steam. Australian citizens are likely the next victim. AU News reports Government Floats $100 Note Removal. SAY goodbye to the $100 note.   Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a […]

Fewer Than Ever Can Afford to Buy a Home As America’s “Thriving Middle Class” Is Dead

This article was written by Michael Snyder and originally published at his Economic Collapse blog. Editor’s Comment: The cost of living is rising daily, while wages are stagnant. As SHTF has covered before, the problems are compounding. Wall Street and corporate interests have bought up the market with their cheap QE3 money, and many have […]

SHTFplan: The Global Conspiracy to Ban Cash: “Regulated, Restricted and Phased Out” Of Existence

Prepare yourself. Buy physical silver and storable food. If you’ve ever wanted to live in a world where bankers hold all the power, not just over money but over people too, then you have a lot to look forward to. They have planned the future in secret, and cash is not in the plan. The […]

US Supreme Court To Decide What Constitutes Insider Trading / by Tyler Durden on 07/30/2015 11:59 For former SAC-linked traders Todd Newman and Anthony Chiasson, the last three years have been an emotional rollercoaster: the two portfolio managers, who had previously worked at funds affiliated with Steve Cohens’SAC Capital, were charged and found guilty of insider trading in 2012.  Convicted and given lengthy […]

Existing Home Prices Hit Record; Sales Soar To 8 Year High / by Tyler Durden on 07/22/2015 10:13 Houses have become stocks… the higher the price, the more demand (especially as the government has your back with low down-payment loans and the re-emergence of IOs). With Existing Home Sales soaring to a SAAR of 5.49 million, the highest since early 2007, the fact that median […]

IMF Spoils The Party Again: Throws Up On Latest Greek Proposal / by Tyler Durden on 06/23/2015 11:28 And it was all looking so great based on the market’s all-knowing discounting mechanism of kneejerk-reacting algos. Despite Merkel’s comments on “no discussion of restructuring” and Schaeuble’s dysphoria over the proposals, a Greek Minister’s overconfident “Greece is rescued” comment is about to be crushed by Lagarde’s heavy […]

Is The 505 Trillion Dollar Interest Rate Derivatives Bubble In Imminent Jeopardy?

All over the planet, large banks are massively overexposed to derivatives contracts.  Interest rate derivatives account for the biggest chunk of these derivatives contracts.  According to the Bank for International Settlements, the notional value of all interest rate derivatives contracts outstanding around the globe is a staggering 505 trillion dollars.  Considering the fact that the […]

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

The Greek government says that a “moment of truth” is coming on June 5th.  Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF.  Of course it won’t technically be a “default” according to IMF rules for another 30 […]

Greek Deal On Monday “Not Possible” MNI Reports Despite Troika Attempt To Reconcile Differences / by Tyler Durden on 05/06/2015 12:01 With the crucial May 12th €774mm Greek IMF payment looming (and thus even more critical May 11th deadline for the Eurogroup’s decision to release around €7bn in additional funds to Greece), the much-discussed ‘splintering’ of the Troika (The Institutions as the Greeks would prefer we describe them) […]