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Tag Archives: default

Comex On The Edge? Paper Gold “Dilution” Hits A Record 124 For Every Ounce Of Physical

Over the few days, we got what was merely the latest confirmation that when it comes to sliding gold prices, consumers of physical gold just can't get enough. As the Times of India reported over the weekend, India's gold imports shot up by 61% to 155 tonnes in the first two months of the current fiscal year "due to weak prices globally and the easing of restrictions by the Reserve Bank. In April-May of the last fiscal, gold imports had aggregated about 96 tonnes, an official said." This...

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From the Mailbag: On Japan and the Yen

By Chris at www.CapitalistExploits.at I've received a lot of responses to my thoughts on Japan from the post questioning Kyle Bass' thesis on Japan earlier this week. I've taken two which I'd like to share with you today. One reader raised a good point on the Japanese "monetary perpetuum mobile" ever being questioned: Only missing one point: Spot on with your Japan thesis in my opinion, but there is just one thing missing.   Go back in history and you will see...

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Gold And The Grave Dancers

Submitted by Pater Tenebrarum via Acting-Man.com, The Asset They Love to Hate … Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, masquerading as capitalism) and especially the almost visceral hate etatistes harbor toward gold. Greenspan’s essay is entitled “Gold and Economic...

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11 Red Flags As We Enter The Pivotal Month Of August 2015

Submitted by Michael Snyder via The Economic Collapse blog, Are you ready for what is coming in August?  All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal.  In July, we saw things start to turn.  As you will read about below, a major six year trendline for the S&P 500 was finally broken this month, Chinese stocks crashed, commodities crashed, and debt problems started erupting all over the...

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“Asia Crisis, Tech Bubble Burst, Lehman”… And Today

While over the past several months many have been focused - finally - on the bursting of China's 3 bubbles (credit, housing and investment), in the context of its 4th burst bubble, the stock market which the politburo is desperately trying to patch up every single day, a far scarier picture has emerged within the entire Emerging Market space, where Brazil has rapidly become a "ground zero" case study for what has moved beyond mere recession and is an accelerated collapse into economic...

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The Latest Government Trust Fund To Go Bankrupt

Submitted by Sovereign Man The Latest Government Trust Fund To Go Bankrupt On June 6, 1932, President Herbert Hoover imposed the first ever national gasoline tax in the United States, initially set at 1 cent per gallon. It was a major success for the federal government; the tax on gasoline alone was responsible for over 15% of their 1933 tax revenue. What’s curious is that the Senate Finance Committee issued a report the following year stating that the federal gasoline tax should be repealed....

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Will FTC Probe Of Largest For-Profit College Lead To Another Billion Dollar Taxpayer Bailout?

In late April we predicted that for-profit college closures would trigger the next multibillion dollar taxpayer-sponsored bailout in America.  At the time, Corinthian Colleges had abruptly shuttered what remained of its campuses, marking an unceremonious end to a slow motion wind down that had been in the works for quite some time.  As we noted then, delinquencies and defaults on student loans are far worse for borrowers that attend for-profit colleges. This, along with poor...

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Greece Should Learn from Ireland

Reprinted from the Independent Institute Greece missed its $1.8 billion loan repayment to the International Monetary Fund on June 30, and voters rejected the austerity measures creditors are demanding as the price of another bailout on last Sunday’s referendum. Greece has other choices if it can find the political will. The Greeks, as steeped in history as they are, could follow the path Ireland took nearly 30 years ago after years of fiscal mismanagement created similar circumstances....

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