05
Mar
2015

“Cyber Security Loophole”- Bank Hackers “Unfettered Access” To Accounts

– Bank accounts at majority of banks in Britain and Ireland are vulnerable to hacking says Financial Times  – Two-step authentication process used by most banks is inadequate  – Vulnerabilities identified similar to those that were used by hackers to steal up to $1 billion across Eastern Europe  – UK regulator says bank customers must […]

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04
Mar
2015

Canada’s Central Bank Requests End To Defacing of Debasing Canadian Dollar

- From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of “Spocking” in Canada – Greek artist Stefanos alters euro notes to deliver a political message – Defacing notes is illegal and a criminal offence in the […]

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03
Mar
2015

Bondholders “Bailed In” In Austria – EU Bondholders Today, U.S. Depositors Tomorrow?

- Auditors find €7.6 billion hole in Austria’s “bad bank”, Heta Asset Resolution AG – Austria’s government says it will not give Heta “a single euro” – Emergency legislation passed last month means bondholders to be bailed in – Risk of contagion high as other banks may hold Heta bonds – “Bail-in is now the […]

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02
Mar
2015

Gold Demand in U.S., Europe – Reuters Interview GoldCore

Jan Harvey thomsonreuters.com We were hearing quite a bit about rising physical demand in Europe earlier this year, as a confluence of factors (euro zone QE, SNB scrapping franc peg to euro, Greek election outcome) came together to support buying. Here to discuss how that has developed in February is Mark O’Byrne, executive director of […]

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27
Feb
2015

Gold Sovereigns Bought by Greeks in Volume as New Greek Drachmas Designed

- Greece warns may default on IMF loan next week – Greek bank runs continue and deposits flee – German Bundestag votes for bailout extension – Syriza agree to a bailout extension of four months, in return for concessions yet to be approved by the EU – Questions over Syriza negotiating a weak deal despite […]

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26
Feb
2015

EU Warns of Debt Dangers Facing Ireland and Euro Zone – “Emperor Has No Clothes”

- High “structural” unemployment, high levels of public and private debt and a still vulnerable banking sector are weighing on the Irish economy  – Report further casts doubt on the “recovery” narrative being touted by governments, banks and vested interests across the world  – Levels of spin and denial not seen since before the crash […]

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25
Feb
2015

12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold

 Being involved in the fairly niche business of an international gold brokerage for nearly 12 years now, we find ourselves continuously engaged in conversation with people who demonstrate an incredible lack of understanding of the function of gold and the importance of gold as a DIVERSIFICATION and as a SAFE HAVEN asset. This lack of […]

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24
Feb
2015

Gold Holdings of Eurozone Rise to 10,792 Tonnes – ECB’s “Reserve of Safety” Accumulated

The Euro zone raised its gold holdings by 7.437 tonnes to 10,791.885 tonnes in January, International Monetary Fund data released overnight showed. The rise in gold holdings was small in tonnage terms and in percentage terms  – especially when viewed in the light of the recently launched ECB’s EUR 1 trillion QE monetary experiment. Nevertheless, […]

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23
Feb
2015

“Global System Catastrophe” Is Key Threat To Human Civilization

 – Oxford Scientists Cite “Global System Catastrophe” Among 12 Plausible Threats To Civilization – “Global System Catastrophe” More Of A Possibility Than Most Western People Suspect – Study Described As A “Scientific Assessment About The Possibility Of Oblivion” – Other Threats Include Nuclear War, Environmental Degradation, Geological Events and Out of Control Technology Recent research […]

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20
Feb
2015

Gold Down 1.5% This Week – Massive Complacency Regarding Greece as Geopolitical and Debt Crisis Loom

* Greek Bank Runs Accelerate as Possible ‘Grexit’ Looms * Fatigue with Greek Crisis Breeding Massive Complacency * Government in Kiev Forced to Take Diplomatic Approach * Ukraine a Significant Setback for NATO * Regional War in Eastern Europe Averted for the Moment * Middle East, Israel and Iran Timebomb Ticking * India Demand To […]

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