Susanne Posel, Contributor Activist Post In 2011, the technocrats devised a scheme, with the assistance of Hans Hoogervorst, appointed chairman of the International Accounting Standards Board, that Europe would be included in IFRS9, a new rule that eliminates mark-to-market accounting of sovereign debt from the European Central Bank’s balance sheets. When mark-to-market practices were installed in 2009, it led to a short-term market recovery, which presented a false positive as banking institutions no longer had to provide capital to promote long-term financial stability. In the Euro-Zone, banks can now conduct business as sovereign debt becomes the only path that can be taken by countries being affected by the technocratic takeover. Under the guise of creating jobs, Ben…
Tag: precious metals
Technocratic Fiat Implosions and the Battle Over Gold
Susanne Posel, Contributor Activist Post In 2011, the technocrats devised a scheme, with the assistance of Hans Hoogervorst, appointed chairman of the International Accounting Standards Board, that Europe would be included in IFRS9, a new rule that eliminates mark-to-market accounting of sovereign debt from the European Central Bank’s balance sheets. When mark-to-market practices were installed in 2009, it led to a short-term market recovery, which presented a false positive as banking institutions no longer had to provide capital to promote long-term financial stability. In the Euro-Zone, banks can now conduct business as sovereign debt becomes the only path that can be taken by countries being affected by the technocratic takeover. Under the guise of creating jobs, Ben …
The Case for Silver
I have written about silver multiple times on this blog. Each time, I’ve covered a different aspect of this precious metal, but I haven’t put it all together in one big, in-depth article. Well, I’ve done that now. Except I didn’t publish the article on this blog. Instead, I published it as a “lens” on Squidoo. (If you’ve not heard of Squidoo before, it is simply a publishing platform that is module based — so you can easily add text, videos, and even Amazon books.) Anyway, if you are interested in silver as an…
Swiss Firm Introduces Divisible Gold Card For “A Scary New World”
As uncertainty about the stability of the global economy spreads and investors look for ways to diversify their assets, precious metals companies are looking for ways to cater to those who are seeking a safe haven in assets like gold and silver. Though often described as “the money of last resort,” one gripe from potential investors about owning gold is that it is costly, currently running around $1700 an ounce, and not feasible as an emergency exchange mechanism in the event of financial and economic catastrophe that may disrupt food supplies and the normal flow of commerce. The problem with one ounce gold coins, or…
Swiss Firm Introduces Divisible Gold Card For “A Scary New World”
As uncertainty about the stability of the global economy spreads and investors look for ways to diversify their assets, precious metals companies are looking for ways to cater to those who are seeking a safe haven in assets like gold and silver. Though often described as “the money of last resort,” one gripe from potential investors about owning gold is that it is costly, currently running around $1700 an ounce, and not feasible as an emergency exchange mechanism in the event of financial and economic catastrophe that may disrupt food supplies and the normal flow of commerce. The problem with one ounce gold coins, or even 1/10th of an ounce fractional coins, is that if you needed to buy a few loaves…