Tag Archives: ecb

Banks in Greece to Reopen Monday with Capital Controls Still in Place, New Problems for Puerto Rico and Jade Helm Begins…

With the European Central Bank finally agreeing to extend the much needed “emergency liquidity assistance” (read: cash), the banks of Greece are set to reopen on Monday. Capital controls are expected remain in place with daily limits on withdrawals set … Continue reading

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Greece Calls for “Bank Holiday” and Capital Controls: Banks Closed for Next Week

Lines are wrapping around the block at ATMs throughout Greece as citizens wait to withdraw their money. A significant number of ATMs are already out of cash.   Last week, many thought that Greece and the IMF were close to … Continue reading

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Ireland’s Minister of Finance Ditches His Stocks for Gold

The Irish newspaper The Independent reported yesterday that Michael Noonan, Ireland’s Minster of Finance has given the finger to his European stocks to invest in gold. Members of the Irish legislature, the Oireachtas, are required to annually declare any investments they hold … Continue reading

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Currency Wars Intensify; China Declares Renminbi the “New World Currency”

Day by day, the currency wars continue to heat up. With the European Central Bank’s Quantitative Easing program now underway and the end of the euro in sight, many other countries around the world have joined the race to the … Continue reading

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Another Domino: Denmark’s Krone is Collapsing

Each day more pressure builds to end the euro. The Danish Krone is crumbling this morning after a statement made yesterday by the head of Denmark’s Economic Council, Hans Jorgen Whitta-Jacobsen. He said that the country would use “capital controls” if necessary … Continue reading

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Is the Stage Being Set for World War 3?

Throughout history there has always been a war going on somewhere, so it is nothing new that right now there are many pockets of the world currently embroiled in violence and unrest. But it is when grander dialogues emerge that … Continue reading

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January 2015 was the Best Month for Gold in 3 Years

Last month, several economic and geopolitical factors drove more investors to buy gold as a safe haven asset, leading to its biggest monthly gain in over three years. Here’s what happened: Uncertainty in Europe Switzerland de-pegged their currency from the … Continue reading

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ATMs in Switzerland Run Out of Euros

This morning, ATMs throughout Switzerland were emptied of euros and long lines were seen at currency exchanges as people rushed to cash in their Swiss Francs for euros or dollars. Overnight, the Swiss Franc rose more than 14% against the … Continue reading

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European Central Bank Begins Bond-Buying Program

The European Central Bank has begun its bond-buying program as part of an effort to prevent a triple-dip recession and enhance the current stimulus plan, the bank announced today.  Mario Draghi, the President of the ECB, has announced that he … Continue reading

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The 4th Central Bank Gold Agreement Now in Effect

In May of this year, the European Central Bank and 20 other Central Banks of Europe signed the 4th Central Bank Gold Agreement, reinforcing the notion that these banks continue to view gold as an important reserve asset and that … Continue reading

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