Banking

On August 6, 2015, Goldman Sachs and HSBC took delivery of a sum total of 7.1 tons of physical gold*. Are Goldman and HSBC now creating a "Big Long" in gold? If not, what are they doing - and what should you do as a result? Read on.

Based on information that I have received, things that I have been told, and thousands of hours of research that have gone into the publication of more than 1,300 articles about our ongoing economic collapse, I have come to the conclusion that a major financial collapse is imminent. Therefore, I am issuing a RED ALERT for the last six months of 2015. HERE's why.

In the most simplistic and, I might add, most humourous terms, the little story below demonstrates what economists call 'money velocity' and how a bailout package (think Greece) works. It really is that simple & nonsensical!

True, the markets are nervous, but there is virtually no sign that an unpleasant resolution to the Greek crisis presents any threat to financial markets or even the Eurozone economy. Here's why.

The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Why? Because neither the Greeks nor the Germans are willing to give in, and that means: there is very little chance that a debt deal is going to happen by the end of June; we will likely see a major Greek debt default and, potentially, even a Greek exit from the eurozone and, if Greece does leave the euro, we are going to see financial carnage happen all over Europe.

Recently, the National Football League (NFL) announced it was giving up its non-profit status. This is a much-coveted designation because it exempts the entity from taxation but, as it turns out, the NFL will also gain considerable advantages. Here are four.

A bill that would make gold & silver legal tender in Texas passed the House of Representatives unanimously last week in a move towards reintroducing precious metals into the everyday lives of the citizens of Texas if they so choose.

Martin Armstrong sees a peak in bond prices by October 1st, 2015 and a low in interest rates from that point forward - a "Sovereign Debt Big Bang" - and, as the defaults begin to materialize over the following 2 years, a run-up in stocks for safety with interest rates rising along with share prices. Below are excerpts from Armstrong's blog complete with notable charts of his Economic Confidence Model.

“Gird your loins and fasten your seat belts!” Below is Part 1 of my forecast for 2015 related to financial (incl. banking & oil) matters. Those related to geopolitical (incl. Russia, China, Japan, USA, Europe & the Islamic State) particulars and U.S. domestic (incl. political, political & societal) particulars are covered in subsequent articles.

The whole assault on tax havens is economically and morally reprehensible. Tax havens are something that should be applauded, not persecuted. Here's why.