by Tyler Durden On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, a missed IMF payment […]Read more "Greece Said To Prepare “Grexit”, Drachma, Bank Nationalization Plans"
by Tyler Durden on 03/29/2015 Up until now, the world’s descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make […]Read more "Australia To Start Taxing Bank Deposits"
by James Corbett March 25, 2015 The business newswires have been atwitter with talk of the “AIIB” so much in the past two weeks that the average person can be forgiven for not even knowing what the AIIB is, or why this story is receiving so much attention. Never fear, The Corbett Report is here to […]Read more "China’s AIIB: What You Need to Know"