Wyoming, Texas, Utah Top 2019’s Sound Money Index — Vermont, Arkansas, New Jersey Among the Worst

“Is Your State Destroying Your Money?” asks the Sound Money Defense League and Money Metals Exchange with the release of the 2019 Sound Money Index. The Sound Money Index is the first index of its kind, ranking all 50 states … Continue reading Wyoming, Texas, Utah Top 2019’s Sound Money Index — Vermont, Arkansas, New Jersey Among the Worst

Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’

Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos.  The euro has already fallen to a 20 month low, … Continue reading Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’

The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos

The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment.  And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before.  I wrote about the troubles in Italy back in January, but since that time the crisis has escalated.  

Continue reading The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos

A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began. … Continue reading A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

The Trouble with Cash? There’s Not Enough Of It

Phoenix Capital Research recently published an article entitled “Physical Cash Poses a HUGE Problem For Central Banks”.  According to that article, “More and more institutions are trying to make it harder for you to move your money into cash.” That’s not precisely true. Generally speaking, we don’t have any “money” (gold or silver) in circulation.  We only have “currency” (fiat, paper and digital dollars).  It would therefore be more correct to say that, “More and more institutions are trying to make it harder for you to move your wealth [not money] that you’ve stored in the form of paper debt … Continue reading The Trouble with Cash? There’s Not Enough Of It

IMF Colonized Korea–Part II Evidence

[Photo caption/credit: South Korean Flag courtesy Google Images] I published Part I of this article (IMF Colonized Korea—Part 1 (the “Agreement”)) two weeks ago.  Here’s Part II–the “Evidence” supporting my contention that the IMF colonized South Korea in A.D. 1997.  This total article is a long, hard read.  It’s not for everyone.  But if you want to catch a glimpse of how the world’s central banks and economy really work, this article is worth your time. In A.D. 1997, like several of the other “Asian Tigers,” South Korea suddenly slid close to financial collapse.  To avert national bankruptcy, the IMF … Continue reading IMF Colonized Korea–Part II Evidence

Debt Forgiveness

[Image credit: (courtesy Google Images)] If asked why I write and publish articles, most people would probably guess that I want to “teach” whatever it is that I know (or think I know). They’d be wrong. I don’t write to teach, I write to learn.  Something interesting crosses my mind.  I’m drawn (I think by our Father YHWH ha Elohiym) to write about it.  As I do, word-by-word and phrase-by-phrase, I often find new insight(s) that I never imagined before I started writing the article.  Thus, I learn from writing.  Learning excites me.  Writing is exciting. This is not to … Continue reading Debt Forgiveness

The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’

As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with “the great no” and that his party will accept … Continue reading The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

Reuters / Michael Dalder The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany. An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad. The Dutch central bank – De Nederlandsche Bank – was one of the latest to make the move. The bank announced last Friday that it moved a fifth of its total … Continue reading Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine

People wait in front of a closed bank on November 26, 2014 in the eastern Ukrainian city of Donetsk. (AFP Photo/Eric Feferberg) Kiev is enforcing an economic blockade on eastern Ukraine, where banks are closed and cash machines and credit cards aren’t working. Disrupted social payments to the elderly have become the most acute issue. Only a handful of cash machines are still functional in the breakaway parts of the Donetsk and the Lugansk regions, after local banks received an order from Ukraine’s central bank earlier this week to “suspend” operations. This follows a controversial decree signed by Ukrainian President … Continue reading Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine

The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment.  You might think that I am talking about the United States, but I am actually talking about Europe.  You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does.  Most of the … Continue reading The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back

The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice ‒ called civil asset forfeiture ‒ allows IRS agents to seize property they suspect of being tied to a crime, even if no charges are filed, and their agency is allowed to keep a share of whatever is forfeited, the New York Times reported. It’s designed to catch drug traffickers, racketeers and terrorists by tracking cash deposits under $10,000, which … Continue reading IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back