Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms

– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President […]

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Gold Investment “Compelling” As Fed May “Kill The Business Cycle”

Gold Investment “Compelling” As Fed Likely To Create Next Recession – Is the Fed about to kill the business cycle? – 16 out of 19 rate-hike cycles in past 100 years ended in recession – Total global debt at all time high – see chart – Global debt is 327% of world GDP – ticking timebomb… […]

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“This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank

By Zero Hedge In an extensive, must-read report published on Monday by Deutsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen, and how the world could respond assuming it still has means to counteract the next economic and financial […]

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Global Debt Bubble Understated By $13 Trillion Warn BIS

– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting […]

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Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials

– Bitcoin price action shows cryptos vulnerable to commentary and government policies – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven – Apple […]

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Gold Up, Markets Fatigued As War Talk Boils Over

North Korea threatens to reduce the U.S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will “give a suitable response” to NATOs threatening […]

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Oil Rich Venezuela Stops Accepting Dollars

President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,” Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil Order comes following calls from Russia and China to find alternatives to current reserve system U.S. Dollar accounts for two-thirds of global trade Venezuela has over […]

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Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today

44% of US population affected by Equifax hack Hackers took names, birthdays and addresses, Social Security and driver’s license numbers Steve Mnuchin “concerned about the global financial system and keeping it safe,” Hacks is a reminder of the vulnerabilities created in a connected world Cyber security is a major threat to both banking and financial industry […]

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British People Suddenly Stopped Buying Cars

– British people suddenly stopped buying cars – Massive debt including car loans, very low household savings – Brexit and decline in sterling and consumer confidence impacts – New cars being bought on PCP by people who could not normally afford them – UK car business has ‘exactly the same problems’ as the mortgage market 10 years […]

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Buy Gold for Long Term as “Fiat Money Is Doomed”

– Buy gold for long term as fiat money is doomed warns Frisby – Gold’s “winning streak” will continue in long term – September is traditionally a good month for gold, as we head into the Indian wedding season – “It’s just a matter of time before gold comes good again…” by Dominic Frisby, Money Week […]

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