Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-54525 Tue, 29 Jul 2014 20:48:06 GMT Gold-for-Bitcoin Trading, Gold-Backed Bitcoins, Explode on the Scene This topic comes in the form of a pair of articles. The first is Gold for bitcoin new fad as e-currency count nears 500-mark

``According to bitcoin traders, the stabilisation in bitcoin rates is making the case stronger for exchanging them for gold that currently trades at less than USD 1,300 per ounce or about Rs 28,000 per 10 grams in India... Some firms and traders have begun aggressively selling bitcoins in exchange of gold, while new websites and portals are cropping up almost every day to cash in on this new frenzy, according to industry players. ''

The second is Gold Bugs Meet Bitcoin Believers to Supplant the Dollar:

``"A staunch person who believes in the gold standard says bitcoin is valueless and ultimately a Ponzi scheme, and people who didn't dig gold but really got bitcoin would say that this is ridiculous, it's just a dumb metal," Anthem Hayek Blanchard, chief executive officer of Anthem Vault Inc., the company behind the Independence Coin, said in an interview. "We don't need to fight. We can coalesce."
iehi-feed-54524 Tue, 29 Jul 2014 17:45:54 GMT Bullard: Fed could hike interest rates next spring iehi-feed-54523 Tue, 29 Jul 2014 17:39:15 GMT Former US Mint Director: Audits of US Gold Since 1953 Have Been Of The "Peek Through The Vault Door" Variety iehi-feed-54522 Tue, 29 Jul 2014 17:24:27 GMT "London Fix" Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit: The Complete Charts iehi-feed-54521 Tue, 29 Jul 2014 14:02:43 GMT Moody's cuts bank outlook to 'negative' on Ottawa's bail-in rule iehi-feed-54519 Tue, 29 Jul 2014 13:59:11 GMT Financial Times deleted gold manipulation story because it was too 'sensitive' iehi-feed-54517 Tue, 29 Jul 2014 00:42:40 GMT THE TRUTH ABOUT THE FED'S RELATIONSHIP WITH BUBBLES Many commentators have previously argued that the Fed is too dumb or too inept to identify of categorize asset bubbles.

By focusing on the Fed's mental acuity, these commentators are overlooking a key factor: the Fed WANTS to asset bubbles.

The reason for this?

iehi-feed-54516 Mon, 28 Jul 2014 14:43:57 GMT "Reprehensible" Lloyds Bank Agrees To $105 Million Wristslap For Manipulating LIBOR iehi-feed-54515 Mon, 28 Jul 2014 14:43:07 GMT Argentine Default Drama Nears Critical Stage iehi-feed-54514 Mon, 28 Jul 2014 14:40:11 GMT The BRICS Bank Is Born Out of Politics - Forbes iehi-feed-54512 Mon, 28 Jul 2014 14:31:24 GMT Yellen "Watching What She Eats" Would Help Track Prices iehi-feed-54509 Mon, 28 Jul 2014 14:07:16 GMT Hussman: Yes, This Is An Equity Bubble iehi-feed-54508 Mon, 28 Jul 2014 13:54:15 GMT Meet the man who's driving Argentina to the brink iehi-feed-54507 Sun, 27 Jul 2014 23:29:42 GMT The Italian Government Owes Over $100 Billion To Private Suppliers iehi-feed-54506 Sun, 27 Jul 2014 23:22:31 GMT Luxembourg Pursues Offshore Trade in China's Yuan "The internationalization of the renminbi is one of the major events, if not the major event, since the creation of the euro in terms of monetary events. It's potentially huge, so we want to be positioned for that market," Luxembourg Finance Minister Pierre Gramegna said in an interview... Even Crown Prince Guillaume, the 32- year-old heir to the Grand Duchy, has joined in, accompanying a December delegation to China.

Officials at the Luxembourg Stock Exchange keep enamel pins pairing the Luxembourg and Chinese flags to wear at events celebrating yuan-denominated bond listings, which hit 30.6 billion yuan in volume when Bank of China Ltd. 601988.SH +0.77% raised 1.5 billion yuan in May. At the Association of the Luxembourg Fund Industry, information packs and wall posters have been translated into Mandarin. Local legal and accounting firms and even the financial regulator, the CSSF, say they are hiring Chinese speakers.


At the end of [recent Luxembourg delegation meetings to China], China signed a clutch of agreements that should lead to the establishment in Luxembourg of a yuan clearing bank and bring more China-related funds, bonds and stocks to the country. Meanwhile, three of China's six biggest banks have set up European headquarters in the area locals call Luxembourg city's "mini Wall Street," and two more announced plans in the past few weeks.

At China Construction Bank Corp., which got its Luxembourg banking license last year, European chief Suosheng Li can look out from the bank's glass-and-steel headquarters building onto the three round towers of Fort Thungen, an 18th century citadel that is one of the city's main landmarks. CCB's nine-story office block is mostly empty right now, but the bank aims to fill it with staff who will help bring Chinese companies to Europe and serve China-focused European customers, Mr. Li said.

iehi-feed-54504 Sun, 27 Jul 2014 23:16:10 GMT Sign of Top? Banana Republic Trots out ‘Startup Guy' Look iehi-feed-54503 Sun, 27 Jul 2014 23:14:25 GMT France's Relentlessly Deteriorating Unemployment Fiasco iehi-feed-54502 Sun, 27 Jul 2014 22:52:39 GMT Singapore's drive to become gold hub continues, As Refinery Gets LBMA Approval iehi-feed-54500 Sun, 27 Jul 2014 14:02:43 GMT Boehringer: German Gold Repatriation Still "On"; But Gold Probably Rehypothecated iehi-feed-54498 Sun, 27 Jul 2014 13:53:25 GMT Deutsche Bank, HSBC Accused of Silver Fix Manipulation