Silver as an investment

Tag Archives: Venezuela

Flash Points Grow in Numbers & Increase Threats of Attack on U.S.

In a decision bound to have far-reaching effects, President Trump announced that the United States would be recognizing Jerusalem as the capital of Israel. Furthermore, he also stated his intentions of placing an American embassy in the city. The Iranian President Hassan Rouhani has already weighed in on this, and said that such a move […]

How Bitcoin Is Saving Lives in Venezuela

caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / November 20 2017 To some folks, bitcoin is a speculation. To others, it’s a fad. But to the people of Zimbabwe, it’s a lifeline. That’s because Zimbabwe’s economy is a basket case. It’s been this way for years. A decade ago, the central bank of Zimbabwe tried to solve its […]

Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe

goldcore.com / By janskoyles / November 16, 2017 – Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe – Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis – Venezuela’s new 100,000-bolivar note is worth less oday thehan USD 2.50 – Maduro announces plans to eliminate all physical cash – Gold rises in […]

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. […]

Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall?

Did you know that Venezuela just went into default?  This should be an absolutely enormous story, but the mainstream media is being very quiet about it.  Wall Street and other major financial centers around the globe could potentially be facing hundreds of millions of dollars in losses, and the ripple effects could be felt for […]

Venezuela Officially Declared In Default

zerohedge.com / by Tyler Durden / Nov 10, 2017  12:17 PM Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps Venezuela) CDS, and officially declaring Venezuela […]

Venezuela Just 24 Hours Away From Formal Declaration Of Default

zerohedge.com / by Tyler Durden / Nov 9, 2017 12:26 PM Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never been closer […]

Emerging Markets: Week Ahead Preview

marctomarket.com / Dr. Win Thin / Nov 5, 2017 EM FX ended the week under pressure. News of the Venezuela debt restructuring was digested well, but sentiment went south as the day wore on.  Weakness was concentrated in the weakest links TRY, BRL, RUB, and ZAR, while MXN and COP were dragged along for the ride.  We […]

“Tomorrow Will Be Ugly”: Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default

This report was originally published by Tyler Durden at Zero Hedge One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a “no grace period” $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As we reported […]

PDVSA Bonds Crash, Bitcoin Spikes As Venezuela Default Looms

Following President Maduro's statement overnight on restructuring Venezuelan debt, bonds of the nation's state-owned energy company, Petroleos de Venezuela SA (PDVSA), have collapsed, with CDS pricing in a 99% probability of default… As we detailed last night, during a nationwide TV address, Venezuela's socialist president Nicolas Maduro said the country will seek to restructure its […]