Sunday, August 14, 2016

Bank of England tells savers: Screw you; we’re debasing the currency

September 28, 2010 by · Leave a Comment 

Savers Told to Stop Moaning and Start Spending Robert Winnett and Myra Butterworth The Telegraph, London Monday, September 27, 2010 http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Saver… Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today. Older households could afford to suffer because they had benefited from previous [...]

Bank of England falsified gold data to rig interest rates from 1925-31

February 15, 2010 by · Leave a Comment 

1:53a ET Sunday, February 14, 2010 Dear Friend of GATA and gold: Zero Hedge’s pseudonymous Tyler Durden, less well known as Dan Ivandjiiski, yesterday disclosed a scholarly paper written by University of Tennessee economics professor John R. Garrett and published by the Journal of Economic History in September 1995 describing the Bank of England’s falsification [...]

Bank of England falsified gold data to rig interest rates from 1925-31

February 14, 2010 by · Leave a Comment 

1:53a ET Sunday, February 14, 2010 Dear Friend of GATA and gold: Zero Hedge’s pseudonymous Tyler Durden, less well known as Dan Ivandjiiski, yesterday disclosed a scholarly paper written by University of Tennessee economics professor John R. Garrett and published by the Journal of Economic History in September 1995 describing the Bank of England’s falsification [...]

Some Ironic Possibilities for the British Pound

October 29, 2009 by · Leave a Comment 

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Capital Gold Group Report: DOLLAR DECLINE GAINING MOMENTUM: ‘Benign currency neglect’ could spell real danger for US economy – A Foreign News Perspective

October 15, 2009 by · Leave a Comment 

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM BST 10 Oct 2009 Many American economists say the greenback is falling because the global [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

US Dollar in Need of a Tourniquet

October 9, 2009 by · Leave a Comment 

The Daily Reckoning OK, front and center this morning, gold has soared to another all-time high! When I turned on the screen this morning, gold was flashing a great big $1,055 figure… WOW! But wait! Gold – and silver for that matter – aren’t the only risk assets moving higher… All 16 of the countries [...]

Get close to gold at the Bank of England

October 1, 2009 by · Leave a Comment 

Visitors to the Bank of England Museum in London have the opportunity to get their hands of a genuine gold bar – almost. The Telegraph reports that holding a genuine 13kg gold bar – albeit one "encased in a heavily protected box" – is one of the highlights of the museum, which is housed within [...]

Get close to gold at the Bank of England

October 1, 2009 by · Leave a Comment 

Visitors to the Bank of England Museum in London have the opportunity to get their hands of a genuine gold bar – almost. The Telegraph reports that holding a genuine 13kg gold bar – albeit one "encased in a heavily protected box" – is one of the highlights of the museum, which is housed within [...]

Economic Dark Matter, Part II

September 28, 2009 by · Leave a Comment 

Bullion Vault Like the Bank of England, we’re not above repeating ourselves. So just where has all the money gone? IT SEEMS WE’RE NOT the only people trying to figure out where all the money went from this decade’s debt bubble.“Where did all the debt go?” asked Bank of England economist Spencer Dale in a speech [...]

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