The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label sovereign debt. Show all posts
Showing posts with label sovereign debt. Show all posts

Thursday, November 12, 2015

EU unofficially becomes a political union after threatening to cut off funds to Portugal

Earlier this year, the European Union’s economic arm fought tooth and nail with Greece over their massive amounts of sovereign debt that hung in the balance between default, and restructure.  In the end, the Troika won out over the Syriza government, and money began to flow back in only after austerity measures were increased against the Greek people.
And a little less than six months later, the EU is once again attempting to use their power on a sovereign country to force not only monetary policies on the people of Portugal, but perhaps now a political one as well as on Nov. 10, the European Central Bank threatened to turn off the Euro spigot to the Southern European country for their temerity in voting out an EU friendly government and replacing it with a Marxist one.

Read more on this article here...

Thursday, February 16, 2012

Central banks continuing to buy physical gold in record quantities

Central banks, particularly in Asian countries, are continuing to dump US treasuries and diversify into more gold accumulation at record numbers.  Even Europe, which is trying to sell the world on toxic and sovereign debt, is purchasing physical gold behind the scenes with the knowledge that the game is almost over for their fiat economies.

Global gold demand was worth a mere US$205.5 billion which is not a substantial sum considering the size of global capital markets today. It was the first time that global demand has exceeded US$200 billion and the highest tonnage level since 1997.

Central banks were net buyers of gold and their demand surged nearly 6 fold (570%) to 439.7 tonnes in 2011 - compared with 77 tonnes in 2010.
Demand for gold bars and coins accelerated, reflecting a blend of positive influences including concern over the financial health and future viability of the euro area; high inflation in some countries; positive price expectations; and the relatively poor performance of a range of alternative investments. - Goldcore via Zerohedge



Chart courtesy of Bloomberg and Goldcore