Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes

– Greek capital controls also prevent access to contents of safe deposit boxes – Restrictions on safe deposit access doesn’t protect banking system unless contents confiscated – Readers should heed warnings by Marc Faber and Ian Spreadbury of Fidelity – Important to own assets outside banking system and not in bank safe deposit boxes – […]

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Bail-Ins Coming – GoldCore Interviewed By Financial Repression Authority

– Governments move toward ever greater financial repression – Repression includes suppression of rates, capital controls, outlawing of cash and bail-ins – Finance ministers discuss cashless society, giving banks total control over public’s money – Bail-in legislation is at advanced stage internationally – Bail-ins coming to indebted western nations – question is when … – […]

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Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash

– Restrictions on borrowing to speculate were eased in 2010 – Middle class savers gradually saturated the market trading on leverage – Market crash began as government tried to reign in leverage in overheated markets – Leverage amplified gains on the up-leg, amplifies losses on down-leg forcing further sell offs – Policy u-turns could not […]

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Growth of Chinese Margin Accounts Drove Bubble – Now Drives the Crash

– Restrictions on borrowing to speculate were eased in 2010 – Middle class savers gradually saturated the market trading on leverage – Market crash began as government tried to reign in leverage in overheated markets – Leverage amplified gains on the up-leg, amplifies losses on down-leg forcing further sell offs – Policy u-turns could not […]

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Leveraged Chinese “Investors” Learning Painful Lesson

– Shanghai Composite has lost over 32% of its value in less than month – Investors selling on “panic sentiment” – Persistent intervention by government agencies has failed to support market – Market has doubled over past year while real economy struggles – Chinese Market had been boosted by participation of market-illiterate savers – May […]

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Faber: “Wake Up, People of the World! Greece Will Come to You …Very Soon”

– World is “over-indebted”, Mark Faber tells Bloomberg – “Defaults will follow or they will have to create very high inflation rates” – Greece will leave EU or Troika will take 50% “haircut” – Leaving EU may be Greece’s best option – Anti-Austerity groups in other countries will be bolstered by Greek defiance – may […]

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Varexit – Greeks Sacrifice Euro Antagonist In Bid To Secure Deal

– Brave Greeks vote overwhelmingly against austerity – Varoufakis resigns to clear air for next phase of negotiations – We think a Greek debt deal is highly likely over the next few days – EU elites had hoped “yes” vote would force the replacement of Syriza with unelected technocratic experts – Syriza may nationalize banks […]

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Max Keiser Interviews GoldCore’s Mark O’Byrne

– Gold price has been flat but interesting developments bubble under the surface – Emergence of new tech is undermining existing banking cartel and will make owning and trading gold easier – Gold price my rise if current shortages cause COMEX to fail to deliver physical gold – Texas gold “repatriation” is highly significant development […]

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Global Debt Time Bomb Ticks – Puerto Rico Is Next

– Puerto Rico Governor says island cannot pay its $72 billion debt – Puerto Rico debt 15 times per capita median debt of the 50 U.S. states – Complicated arrangements misled bond investors to believe their funds were secure – Share price of bond insurer exposed to Puerto Rican debt plummeting, possibly on inside information […]

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