We discuss the Greek referendum, the 50 ways to not pay their creditors and the future for the “demerging” economy in which debts are repaid “parametrically.” In the second half, Max interviews Simon Dixon about what Bitcoin could do for Greece and whether or not, as Citi’s global chief economist says, it is the stupidest idea since Caligula made his horse a consul. They also discuss StartCOIN and StartJOIN.
The following article from Nomi Prins details out the growing threats to the liquidity that sustains the modern global banking system, and why it’s more crucial than ever for people to consider extracting a portion of cash from their bank accounts.
As existing liquidity streams dry up (as they are beginning to around the world), increasingly desperate banks will turn to the largest and most convenient source they know of: the collective cash savings we have on deposit with them.
Said Manolis Glezos, Greek left wing politician, best known for his participation in the World War II resistance. The same war that Greece claims claims Germany owes them 279 billion euros, or $303 billion. Emotions are running high as many Greeks …
CNBC reports: “A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would consider leaving the United States to live in another country.”
This may come as quite a surprise to many patriotic Americans who still for some reason believe they live in the “land of the free.” It comes as no surprise to us. We think this number may double or even reach near 100% by the time all is said and done with the collapse of the US dollar (along with the faux economy and social infrastructure).
First we should point out that it was a very small survey and done by Transferwise.com which has clients who wish to transfer money internationally outside of the banking system. These are clearly not your typical, insular Americans. Read more ›
- Gold price has been flat but interesting developments bubble under the surface - Emergence of new tech is undermining existing banking cartel and will make owning and trading gold easier - Gold price my rise if current shortages cause COMEX to fail to deliver physical gold - Texas gold “repatriation” is highly significant development being ignored by mainstream - Financial illiterates driving NATO and IMF policy
Goldcore Research Director, Mark O’Byrne was recently interviewed by Max Kaiser in London. Although gold prices have been flat for a number of years there have been some very interesting developments in that time. Read more ›