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Why The Dollar Remains The One Essential Currency
CONTRIBUTOR: OF TWO MINDS. Yesterday I explained why a gold-backed currency cannot replace the fiat dollar without fatally disrupting global Capitalism and the political Status Quo everywhere from China to Europe.................................
July Trade In Intangibles
CONTRIBUTOR: THE INTANGIBLE ECONOMY. Good news on the July trade deficit released this morning: the deficit dropped by $6.8 billion to $44.8 billion, far better than economist had expected. Exports rose by $6.2 billion while imports dropped by $0.5 billion.................................
CONTRIBUTOR: BULLION BARON. The bullion coins have been performing extremely strongly with sales on eBay Australia achieving some crazy prices. $165 per coin and higher in some cases. The sales at $165 (which included post) were verified as 'paid for'.................................
The Swiss Franc and Gold – A Short-lived Relationship?
CONTRIBUTOR: CONTRARY INVESTORS CAFE. Just a few days ago, the Swiss National Bank effectively abandoned the floating exchange rate of the franc by imposing a lower limit of 1.20 on the EUR/CHF exchange rate...
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False Comparison To 2008
CONTRIBUTOR: CONTRARY INVESTORS CAFE. Whenever it suits Team Titanic, more phony comparisons are trotted out in baseless news stories posing as legitimate analysis. The latest propaganda plank is that the current financial climate, worse by the week, resembles 2008...Just Tweet Us
We Dare You !
Make no mistake -- a deeper crisis in foreign banks is coming.
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