EU central banks banned from selling gold
Today the major central banks of EU, plus some satellite countries decided to prolong for 5 more years the old agreement on “not selling gold”. This decision sounds strange as at the moment no one on Earth is selling gold and everyone is trying to buy. The gold mines and real production are not capable to meet the demand as the price is kept artificially low with the means of market speculations.
An exception of wisdom in Switzerland
The convincing vote “No” in Switzerland referendum on $25 minimum wage looks as a victory for right conservative thinking in the middle of the socialist and going bankrupt Europe. In fact it is just a small step opposite to the trend that cannot change the trend itself. EU, and the attached to it Switzerland, is a very leftish society. And it is still accelerating down the hill.
Read more...Bitcoin is getting powerful allies
Bitcoin looks in better shape after it became clear big business gurus have invested almost $30 million in a company servicing payments in crypto currency. The names of Richard Branson and Jerry Yang investing in BitPay leads to the conclusion that the alternative currency is getting powerful friends that are needed in its inevitable battle with almost all governments. A creation of Bitcoin-industry means it will be able to lobby and protect its interests against regulation, intervention and even banning.
Ron Paul - why the truth is kicked out of politics
Ron Paul criticized the US government on its Ukraine policy. He was proud his son voted “No” as senator on giving financial help to the interim government in Kiev. And Ron Paul was the candidate that could not even reach the presidential election, being eliminated on preliminary votes. Instead voters supported the candidates of the establishment and big corporations – Barack Obama and Mitt Romney. So is the democracy going to crash? In an absolutely democratic way the people of USA eliminated the strong mind from politics in favor of the obvious corrupted candidates…
There is no "gold ruble" plan in Russia
A “gold ruble” rumor flooded conspiracy sites predicting that Putin is to crash the global financial system by kicking out the dollar and using only metal-backed currency as payment tool. But don’t worry. The time has not yet come. Putin is making nothing more than a domestic payment system, independent from Visa and MasterCard monopoly. This system will help Russia avoid unexpected hits in crisis times. Neither Putin, nor Russia is ready for a revolution in global finance. And it will not be Russia who will start this.
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