Hard hitting global and local news
Hard hitting global and local news
ECB President Mario Draghi says Any Cyprus Gold Sale Must Cover Emergency-Loan Loss European Central Bank President Mario Draghi said the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors today left a possible gold sale in the hands of the Cypriot central bank, which manages 13.9 metric tons of the metal, according to the World Gold Council.“The decision is going to be taken by the central bank,†Draghi said after a meeting of euro-area finance officials in Dublin. “What’s important, however, is that what is being transferred to the government budget out of the profits made out of the sales of gold should cover first and foremost any potential loss that the central bank might have from its ELA.†ELA stands for Emergency Liquidity Assistance, a lifeline that can be offered by national central banks in the euro region to commercial banks that can’t get funding.
NYT admits fraudulent Syrian human rights group is UK-based “one-man band” funded by EU and one other “European country.” April 12, 2013 (LD) – In reality, the Syrian Observatory for Human Rights has long ago been exposed as an absurd propaganda front operated by Rami Abdul Rahman out of his house in England’s countryside.
Read this article: Spotlight on Slovenia as Debt Pressures Mount
Chicago Natural Resources Expo April 26 Those in the greater Chicago area should plan on attending the Chicago Natural Resources Expo on April 26 for a discussion about gold, silver, hard assets, inflation, currencies (or whatever else is on your mind). You also have the opportunity to meet with various natural resource company executives. Venue change: Previously this was a Friday evening-Saturday Afternoon event.
Even diehard supporter of the eurozone now see it cannot work. For example, please see Eurointelligence Founder Wolfgang Münchau, Once a Staunch Euro Supporter, Now Welcomes the Anti-Euro Party "Alternative for Germany"
Tweet Many Americans are bewildered by the mixed reception that Baroness Thatcher’s death has received in the United Kingdom. Having lived in England for a year or so during her time as Prime Minister, Eli will refrain from commenting on her political career, but there was something he wrote over at the Curry Shack that is worth repeating .  Curry posted remarks from Michael Kelly of the Oxburgh panel During Mrs Thatcher’s period as Prime Minister, UK science was squeezed hard, and I would argue came out of it better, leaner and fitter. Like dieting, it is not a healthy permanent state, but its absence is definitely unhealthy. In times of plenty, one ‘lets a thousand flowers bloom’ and in tough times, one redoubles the effort to exploit the stock of recently acquired new knowledge, rather than generate more new knowledge and leave it unexploited.
See the article here: Eurointelligence Founder Wolfgang Münchau, Once a Staunch Euro Supporter, Now Welcomes the Anti-Euro Party "Alternative for…
UPDATES GALORE BELOW 🙂 Eli has lost his jump, and pretty much ain’t got much these days (wait until tomorrow) but there are a couple of things the bunnies might be amused by First, a number of FAQ like objects about Marcott et al., nothing really new but short summaries to send to your uncle rabetts who always send you stuff from Chris Monckton or Rush Limbaugh (btw, Chris seems to be waking up to the fact that his grift is not paying well anymore ).
With a rare exception or two, I’ve been blissfully ignoring Roger Pielke Jr’s recent stuff for the last year or so as he slid into irrelevance. As long as I didn’t read his stuff, I could keep open the possibility that he was doing something useful.