Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-54538 Wed, 30 Jul 2014 20:48:34 GMT Grillo predicts IMF bailout for Italy iehi-feed-54537 Wed, 30 Jul 2014 20:46:46 GMT Russian parliament may revise all international agreements over Yukos case iehi-feed-54536 Wed, 30 Jul 2014 20:44:38 GMT Levitin: US Courts' Hearing of Argentine Bond Case is Folly iehi-feed-54535 Wed, 30 Jul 2014 14:06:16 GMT U.S. homeownership at 18-year low in second quarter iehi-feed-54534 Wed, 30 Jul 2014 14:04:58 GMT WSJ Reporter, in New Book: "The Entire United States Market Has Become One Vast Dark Pool" iehi-feed-54533 Wed, 30 Jul 2014 14:03:21 GMT Axel Merk: Fed Won't Be Able To Yank Real Interest Rates Above Zero; Gold Will Benefit iehi-feed-54532 Wed, 30 Jul 2014 14:00:28 GMT More than a third of U.S. adults pursued by collection agencies iehi-feed-54531 Wed, 30 Jul 2014 13:54:27 GMT JPMorgan Paying $650K to Settle CFTC Charges iehi-feed-54530 Wed, 30 Jul 2014 13:53:42 GMT How Argentina's Default May Trigger $29 Billion in Claims iehi-feed-54528 Wed, 30 Jul 2014 04:29:56 GMT Hong Kong Likely To Have To Abandon Dollar Peg Soon iehi-feed-54527 Wed, 30 Jul 2014 04:28:41 GMT Currency Wars Intensify As Russia Accelerates Gold Acquisitions iehi-feed-54526 Wed, 30 Jul 2014 04:25:24 GMT The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage for Loan-Mod Mistreatment -- A Mandelman Matters Podcast 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-54521 Tue, 29 Jul 2014 14:02:43 GMT Moody's cuts bank outlook to 'negative' on Ottawa's bail-in rule iehi-feed-54520 Tue, 29 Jul 2014 14:01:41 GMT The Typical Household, Now Worth a Third Less The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution -- the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.


"The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001," said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study.

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