Tag Archives: Money

Judge upholds Liberty Dollar founder’s conviction, schedules sentencing

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“The federal judge in the Liberty Dollar counterfeiting case from North Carolina today upheld the jury’s March 2011 conviction of the alternative currency system’s founder, Bernard von NotHaus. (For an account of von NotHaus’ conviction, see: http://www.gata.org/node/9715.)  The judge scheduled von NotHaus to be sentenced in December.  Since the Liberty Dollar case seems to have involved a political challenge to federal currency law more than a serious counterfeiting scheme, and since the U.S. government already has seized all of Liberty Dollar’s assets, it may be hard to see the need to imprison von NotHaus.”

http://news.goldseek.com/GATA/1415649749.php

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Swiss Gold Initiative’s Paypal Donation Account Frozen

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“I have been involved in the Swiss Gold Initiative.  The Swiss National Bank is opposing this initiative.  They have admitted that it stops their ability to manipulate markets.  The campaign is going well.  The public has generously donated because of KWN and other sites.  But that came to a stop two days ago when Paypal closed the account for donations and they froze the funds that were in that account without any warning.  So unfortunately the campaign cannot receive some of those donations which were just frozen.  Paypal will not even answer the questions we are asking them, but I assume the money will be returned to the donors.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/30_Powers_That_Be_Have_Frozen_Money_For_Swiss_Gold_Initiative.html

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Save Your Swiss Gold – Peter Schiff’s Message to Switzerland

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“I know in Switzerland you have all kinds of protests coming from the Swiss National Bank or the government – ‘You can’t do this. You can’t require that we have 20% gold backing.’ Well, prior to the removal of gold backing, think about the Swiss economy prior to 1999. Was there a problem having a gold standard? No. Why do you think the Swiss economy did so well? Why do you think Switzerland prospered more than countries like Italy or Spain or France or Greece? It’s because the Swiss politicians were disciplined by a gold standard. So you had sound money. You had limited government. You had real economic freedom, and you made progress.”

http://schiffgold.com/commentaries/save-swiss-gold-video/

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Gold: The One Commodity Buffett and Bernanke Just Don’t Understand

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“While reading through the bullion site for Britain’s Royal Mint, I came across some highly unexpected commentary.  While the likes of Ben Bernanke, Warren Buffett and others here in the States offer inane commentary on the uselessness of gold, the 1,100-year-old Royal Mint had this to say:  Gold is the ultimate store of value.  Gold is the original and still the most far-reaching global currency.  Gold is perhaps the ultimate form of insurance.  And, yes, the Royal Mint put those words in boldface.  That should tell you something — namely that gold bullion, at today’s lower prices, is an asset you should be adding to your portfolio.”

http://thesovereigninvestor.com/gold/gold-commodity-buffett-bernanke-dont-get/

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Greenspan: Price of gold will rise

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“When asked how a 25-fold increase in the Consumer Price Index or a 60-fold increase in the price of gold since the inception of the Fed can be considered a success, he said the Fed does what Congress requires of it. He lamented that Fed policies are dictated by culture rather than economics.  So doesn’t this jeopardize the Fed’s independence? Independence of a central bank is important, for example, so that there isn’t reckless financing of government deficits.  Greenspan: ‘I never said the central bank is independent!’  I could not believe my ears. I have never, ever, heard a Fed Chair be so blunt.”

http://www.merkinvestments.com/insights/2014/2014-10-29.php

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Greenspan Sees Turmoil as QE Boost to Markets Unwinds

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“Former Federal Reserve Chairman Alan Greenspan said he doesn’t think the Fed can unwind years of extraordinary stimulus without causing turmoil in financial markets. ‘I don’t think it’s possible,’ Greenspan said during an event today at the Council on Foreign Relations in New York, responding to a question about the likely market impact of the Fed’s exit.  The program ‘hasn’t been a success on the demand side for one fundamental reason,’ Greenspan said. ‘What you’re basically seeing is an explosion of assets, an explosion of reserve balances, and that’s the only two statistics that are moving.'”

http://www.bloomberg.com/news/2014-10-29/greenspan-sees-turmoil-as-qe-boost-to-markets-unwinds.html

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Central banks that trade on the stock market [2013]

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“Most people don’t realize that the central banks of Belgium, Japan, Greece, Switzerland, and South Africa are all publicly-traded. In times past, central clearinghouses were typically privately-owned while the issuance of bank-notes was the domain of competing banks. The fact that a few central banks still retain traces of their former private nature is a good reminder that centralized banking isn’t necessarily the domain of the public sector. Though the shareholders of the five central banks may to some extent ‘own’ their nation’s central bank, they don’t exercise the same degree of control over their company that regular shareholders do.”

http://jpkoning.blogspot.com/2013/02/central-banks-that-trade-on-stock-market.html

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Canada just became North America’s first offshore renminbi hub

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“The People’s Bank of China and the Canadian Prime Minister’s office issued a statement on Saturday stating that Canada will establish North America’s first offshore renminbi trading center in Toronto.  China and Canada agreed on a number of measures to increase the use of renminbi in trade, business, and investment. And they further signed a 200-billion renminbi bilateral currency swap agreement.  Moreover, just today, hot off the presses, the central banks of China and Malaysia announced the establishment of renminbi clearing arrangements in Kuala Lumpur, which will further increase the use of renminbi in South-East Asia.”

http://www.sovereignman.com/offshore-banking-2/still-happening-canada-just-became-north-americas-first-offshore-renminbi-hub-15541/

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Jim Rogers: “Sell Everything & Run For Your Lives?”

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“Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture, and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of ‘trophy’ acquisition. Jim also comments on whether a US equity bear market is on the horizon.”

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Swiss central bank fights to block public vote on gold backing

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“Now the SNB is fighting on a new front: to block a populist motion that would force it to almost treble the proportion of reserves held in gold.  At the end of November, Swiss citizens will vote on an initiative that calls on the central bank to hold at least 20 per cent of its assets in gold; to repatriate any gold stored abroad; and to refrain from selling any gold in future.  The initiative seeks to tap into a current of Swiss public opinion that is fiercely proud of the country’s independence, and unsettled by the economic struggles of its neighbours. The government has rejected the idea, saying last year that ‘gold no longer has any meaning for monetary policy’. Parliament voted against it by a large majority.”

http://www.swissinfo.ch/eng/swiss-fight-to-block-public-gold-vote/41061340

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