By Peter Koenig On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US … Continue reading
By Ellen Brown Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in shell … Continue reading
By Justin Spittler, Casey Research It’s getting harder to pull your money out of the bank. J.P. Morgan Chase, one of America’s largest banks, recently made a major change in how it handles cash. Noncustomers can now only withdraw $1,000 a day from its ATMs. The change applies to 18,000 ATMs nationwide. It’s one of the first … Continue reading
Japan is set to ramp up the printing presses this year to increase the amount of its largest denomination bill in circulation as citizens are increasingly hoarding cash amid a negative interest rate policy which the Bank of Japan (BOJ) rolled out in February. Japan’s Finance Ministry is planning on printing 1.23 billion ¥10,000 notes in fiscal year 2016, which is … Continue reading
By Simon Black Just stunning. German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH. Europe, of course, has been battling with negative interest rates for quite some time. What this means is that commercial banks are being charged interest for holding wholesale deposits at … Continue reading
By James Corbett, TheInternationalForecaster.com An utterly insane bubble of market insanity directly blown by the central bank? Check. The sudden and cataclysmic popping of that bubble? Yup. A rush to prop up the “too big to fail” banks by papering over their credit defaults with government promises (at taxpayers’ expense, of course)? Old hat to the … Continue reading
By John Browne, Euro Pacific Capital On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior … Continue reading
By Paul-Martin Foss In response to the Bank of Japan’s introduction of negative interest rates, the Wall Street Journal reports that sales of personal safes to store hoarded cash are soaring. It’s an entirely predictable reaction to the introduction of negative interest rates. If you’re going to have to pay to store your money in … Continue reading