financial crisis Archive

  • Physical paper currency will be extinct. Replace with "0" and "1". Manipulation will be easier than ever...
"The intention to launch mobile banking was to ensure that whatever a customer could transact through Internet banking, he could do the same on a phone, he said, adding that a smartphone was not necessarily needed for this purpose. MyClear's MyMobile service facilitates fund transfers without the need to key in the name and account number of the recipient as only the handphone number was required."

    News – Mobile banking services coming up

    Physical paper currency will be extinct. Replace with "0" and "1". Manipulation will be easier than ever... "The intention to launch mobile banking was to ensure that whatever a customer could transact through Internet banking, he could do the same on a phone, he said, adding that a smartphone was not necessarily needed for this purpose. MyClear's MyMobile service facilitates fund transfers without the need to key in the name and account number of the recipient as only the handphone number was required."

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  • Gold offers a simple and time-proven method of protecting capital during periods of economic and geopolitical uncertainty. In the words of gold analyst Jim Sinclair, the yellow metal is “a barometer of fear and confidence” and an insurance tool. And as he rightly points out, you don’t trade insurance. So if you’re looking to gold as a safe-haven play, it makes sense to stick to the most conservative ownership options. When you buy gold as insurance, you are looking to at a minimum preserve your purchasing power — and hopefully increase it relative to many other consumer goods and services.

    The Ultimate Guide to Buying Gold – GoldMoney.com

    Gold offers a simple and time-proven method of protecting capital during periods of economic and geopolitical uncertainty. In the words of gold analyst Jim Sinclair, the yellow metal is “a barometer of fear and confidence” and an insurance tool. And as he rightly points out, you don’t trade insurance. So if you’re looking to gold as a safe-haven play, it makes sense to stick to the most conservative ownership options. When you buy gold as insurance, you are looking to at a minimum preserve your purchasing power — and hopefully increase it relative to many other consumer goods and services.

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  • The only mania and madness of the people was in trusting the words of demagogues and conmen, and their associated supporters and enablers. And even today people continue to mouth their false slogans and fatal prescriptions. The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.

    Lords of Finance: The Bankers Who Broke the World

    The only mania and madness of the people was in trusting the words of demagogues and conmen, and their associated supporters and enablers. And even today people continue to mouth their false slogans and fatal prescriptions. The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.

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  • A breakdown of the European debt situation, starting with Greece and consuming the entire continent.

    European Crisis Explained – For Dummies

    A breakdown of the European debt situation, starting with Greece and consuming the entire continent.

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  • Rollover is a 1981 political and financial thriller directed by Alan J. Pakula and starring Jane Fonda and Kris Kristofferson.

    Financial Movie Night – Rollover (1981)

    Rollover is a 1981 political and financial thriller directed by Alan J. Pakula and starring Jane Fonda and Kris Kristofferson.

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  • But that's entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.

    Doug Casey on Cashless Societies

    But that's entirely apart from the fact that government – and I know this assertion will be shocking to most readers – has no business creating currency or minting money. Money, of all things, should be a purely market phenomenon. Government, as an institution, inevitably and necessarily corrupts everything it touches. Money is far too important to be left to the tender mercies of the state.

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  • The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so  far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

    Derivatives – Weapon of Mass Destruction

    The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

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  • The solution to stopping the debt spiral is to stop spending more than we produce, but that is a painful solution that every politician won’t tell the voters. Pain means he won’t be re-elected.

    Don’t Worry About Inflation – Yet

    The solution to stopping the debt spiral is to stop spending more than we produce, but that is a painful solution that every politician won’t tell the voters. Pain means he won’t be re-elected.

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  • Traditionally minded people think of “cash” as the base and not gold. Everything in this world is denominated in US Dollars (world reserve currency), not gold. Generations of humans have been taught by the bank-owned educational system that “treasury bonds” are the ultimate “safe haven”.

    Exeter’s Pyramid, CDS and Gold

    Traditionally minded people think of “cash” as the base and not gold. Everything in this world is denominated in US Dollars (world reserve currency), not gold. Generations of humans have been taught by the bank-owned educational system that “treasury bonds” are the ultimate “safe haven”.

    Continue Reading...

  • Now, I used to write for the movies—I can tell you the secret to writing a good sequel: Use the exact same elements, the exact same story structure—hell, even use the exact same lines!—but make sure the sequel isbigger: Bigger sets, bigger explosions, bigger stars, bigger everything—a bigger bang for the buck.

    “The Sequel”: How 2011 Is A Repeat of 2008 – Only Bigger, Longer, and Uncut by Bailouts

    Now, I used to write for the movies—I can tell you the secret to writing a good sequel: Use the exact same elements, the exact same story structure—hell, even use the exact same lines!—but make sure the sequel isbigger: Bigger sets, bigger explosions, bigger stars, bigger everything—a bigger bang for the buck.

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