Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56168 Wed, 25 Feb 2015 21:43:03 GMT Big Banks Face Scrutiny Over Pricing of Peecious Metals http://implode-explode.com/viewnews/2015-02-25_BigBanksFaceScrutinyOverPricingofPeeciousMetals.html Prosecutors in the Justice Department's antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. The agencies have made initial requests for information, including a subpoena from the CFTC to HSBC Holdings PLC related to precious-metals trading, the bank said in its annual report Monday.

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Also under scrutiny are Bank of Nova Scotia , Barclays PLC, Credit Suisse Group AG , Deutsche Bank AG , Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Société Générale SA, Standard Bank Group Ltd. and UBS AG , according to one of the people close to the investigation.

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iehi-feed-56166 Wed, 25 Feb 2015 21:35:13 GMT Report: Bank of England Admits 22% of Austria's Gold is "Unallocated" (NOT THERE!) http://implode-explode.com/viewnews/2015-02-25_ReportBankofEnglandAdmits22ofAustriasGoldisUnallocatedNOTTHERE.html iehi-feed-56162 Wed, 25 Feb 2015 17:06:05 GMT Cyprus will allow Russian vessels to call at its ports; Signs Cooperation Agreement http://implode-explode.com/viewnews/2015-02-25_CypruswillallowRussianvesselstocallatitsportsSignsCooperationAgr.html iehi-feed-56158 Tue, 24 Feb 2015 19:20:58 GMT JPMorgan tops list of risky banks: government study http://implode-explode.com/viewnews/2015-02-24_JPMorgantopslistofriskybanksgovernmentstudy.html iehi-feed-56142 Mon, 23 Feb 2015 16:39:11 GMT CFTC subpoenaed HSBC Bank USA for documents on metals trading http://implode-explode.com/viewnews/2015-02-23_CFTCsubpoenaedHSBCBankUSAfordocumentsonmetalstrading.html iehi-feed-56141 Mon, 23 Feb 2015 16:05:16 GMT Debt Heaven Fallacy, not on Earth - Jim Willie http://implode-explode.com/viewnews/2015-02-23_DebtHeavenFallacynotonEarthJimWillie.html iehi-feed-56138 Sun, 22 Feb 2015 21:35:30 GMT Why Gold Is Looking Lustrous Once Again http://implode-explode.com/viewnews/2015-02-22_WhyGoldIsLookingLustrousOnceAgain.html iehi-feed-56131 Sun, 22 Feb 2015 00:45:51 GMT Merkel in Moscow and Minsk: Der Spiegel Says Putin Has Won http://implode-explode.com/viewnews/2015-02-21_MerkelinMoscowandMinskDerSpiegelSaysPutinHasWon.html iehi-feed-56130 Fri, 20 Feb 2015 23:42:01 GMT Lacy Hunt on Financial Repression; Deleveraging http://implode-explode.com/viewnews/2015-02-20_LacyHuntonFinancialRepressionDeleveraging.html iehi-feed-56129 Fri, 20 Feb 2015 23:39:26 GMT Reefer Madness: Why Is China on a Building Spree in the South China Sea? http://implode-explode.com/viewnews/2015-02-20_ReeferMadnessWhyIsChinaonaBuildingSpreeintheSouthChinaSea.html The construction activity is just the latest chapter in a long-running conflict over the South China Sea that has pitted China against most of its maritime neighbors and has brought it into conflict with the United States and Japan. China's push into the area seems designed to bolster Beijing's claim to the resource-rich waters -- which teem with fish and may hold plentiful reserves of oil and natural gas -- and to increase China's ability to project military force in an area traditionally dominated by the United States and its allies.

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"If China is actually able to build working airfields and other installations on newly manufactured islands, it will be able to put steel behind its territorial claims," said James Holmes, a professor of strategy at the U.S. Naval War College.

The reef building has some in Washington and Tokyo alarmed that Beijing will be able to station Chinese air and naval forces right in the middle of a key shipping lane that sees about $5 trillion worth of commercial traffic a year.

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iehi-feed-56127 Fri, 20 Feb 2015 19:43:46 GMT Copper and gold -- parallels in massive supply deficit scenarios http://implode-explode.com/viewnews/2015-02-20_Copperandgoldparallelsinmassivesupplydeficitscenarios.html iehi-feed-56126 Fri, 20 Feb 2015 19:40:10 GMT Greece says reaches draft accord with euro zone creditors on loan http://implode-explode.com/viewnews/2015-02-20_Greecesaysreachesdraftaccordwitheurozonecreditorsonloan.html iehi-feed-56122 Fri, 20 Feb 2015 16:45:04 GMT March Date Set For Gold Fix Switch http://implode-explode.com/viewnews/2015-02-20_MarchDateSetForGoldFixSwitch.html iehi-feed-56114 Thu, 19 Feb 2015 20:33:26 GMT A Bloody Retreat From Debaltsevo as Ukrainian Forces Suddenly Withdraw http://implode-explode.com/viewnews/2015-02-19_ABloodyRetreatFromDebaltsevoasUkrainianForcesSuddenlyWithdraw.html The political fallout was as uncertain as the military situation. Mr. Poroshenko sought to cast the retreat in a positive light, saying in a televised statement that he had ordered the troops out of Debaltseve, a strategic transportation hub where intense fighting raged in recent days despite a cease-fire agreement signed last week in Minsk, Belarus.

Yet, his decision to fight for several days before retreating, and his earlier refusal to hand over the town during the cease-fire talks even when a Ukrainian defeat seemed inevitable, could prove contentious in Ukraine as the scale of the potential slaughter comes into focus.

"It was clear they couldn't get a deal on Debaltseve," Samuel Charap, senior fellow for Russia and Eurasia at the International Institute for Strategic Studies, said of the Minsk talks. "The question then becomes: What the hell was Poroshenko thinking?"

Note: at top was the original title of this article, before the censors got it. We only know about this brief increased candor because of the crack work of The Saker in this post.

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iehi-feed-56113 Thu, 19 Feb 2015 20:15:07 GMT Expert: Oil Price Wars Fatally Wounded the Petrodollar http://implode-explode.com/viewnews/2015-02-19_ExpertOilPriceWarsFatallyWoundedthePetrodollar.html iehi-feed-56108 Thu, 19 Feb 2015 17:05:10 GMT Willem Middelkoop: A New Gold Standard In The Making http://implode-explode.com/viewnews/2015-02-19_WillemMiddelkoopANewGoldStandardInTheMaking.html iehi-feed-56097 Tue, 17 Feb 2015 14:12:30 GMT Russian oil executive sneaks gold market rigging into the Financial Times http://implode-explode.com/viewnews/2015-02-17_RussianoilexecutivesneaksgoldmarketriggingintotheFinancialTimes.html iehi-feed-56093 Mon, 16 Feb 2015 17:28:53 GMT Oil rises on Libya violence, Kuwait sees prices supported http://implode-explode.com/viewnews/2015-02-16_OilrisesonLibyaviolenceKuwaitseespricessupported.html iehi-feed-56061 Wed, 11 Feb 2015 23:40:23 GMT Nicaragua Constructs Enormous Canal, Blind to its Environmental Cost http://implode-explode.com/viewnews/2015-02-11_NicaraguaConstructsEnormousCanalBlindtoitsEnvironmentalCost.html iehi-feed-56058 Wed, 11 Feb 2015 19:17:39 GMT African Mining industry is ‘basically bust' -- Bristow http://implode-explode.com/viewnews/2015-02-11_AfricanMiningindustryisbasicallybustBristow.html