QUITO, May 30 (Reuters) – Ecuador’s government-run central bank has ordered private banks to repatriate $1.2 billion in overseas deposits and investments to help jump-start the economy, leftist President Rafael Correa said on Saturday.
View full article . . .
By Ambrose Evans-Pritchard
China has issued what amounts to the “Beijing Put” on gold. You can make a lot of money, but you really can’t lose.
I happened to see quite a bit of Cheng Siwei at …
[Click image to view larger chart]
Continue reading the article . . .
By Washington’s Blog
Spy Agencies Are Spying On All Of Us, Taking Screenshots of Our Webchats, Creating Vulnerabilities On Our Computers and the Internet, and Intentionally Disrupting Some of Our Fun…
More Kids Trapped in Sweltering Cars Are Dying
Yahoo News (25 June 10)
Stem-cell Corneas Last Up To A Decade
Reuters (23 June 10)
Your Lethal Lawn
Men’s Health (June 2010)
Leading Cornell Doctor Pe…
I call heaven and earth to record this day against you, that I have set before you life and death, blessing and cursing: therefore choose life, that both thou and thy seed may live. ~Deuteronomy 30…
By Rob Kirby
GATA was born in the late 1990’s – primarily on the back of fundamental research by Frank Veneroso regarding Central Bank Gold Leasing. Veneroso’s intellectual curiosity was arouse…
Comments are closed.
To help you live a free and inspired life. This includes building wealth in ways that build real wealth in the wider economy. We believe that personal and family wealth is a critical ingredient of both individual freedom and community. health and well-being.
Nothing on The Solari Report should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.
No products in the cart.
I have my money in those banks and I seriously believe that if the president force banks to repatriate my money, so my capital will be in danger, I would prefer to move that money to an american bank. We have to remember that President Correa always have said that he does not agree that our national money should be the dollar so my risk is that in the short term he will take my dollars and give me back any worthless paper.
In addition, we have to remember that our banks survived the 1999 – 2000 crisis being very conservacionist so I trust in this bank because they took good care of my money in those difficult years and I do not believe the president, at this point, shoul teach them how to manage my money.
not playing ball w/the banks…good for you ecuador. i know i’ve considered relocating there.
This is the first article i have seen where the elected leader of a nation is quite publicly not “playing ball” with the banks in his nation, a very dangerous strategy. I believe in the past he also went on a hunger strike as President to publicize his position on a related issue. He is behaving in fearless manner. Incredible.
thank you for sharing this news…
“Private bankers have said they are keeping some assets abroad to protect their liquidity amid the economic uncertainty generated by Correa’s leftist programs and the global crisis.”
* Ha. No they are worried they won’t have free reign as they did in previous decades when South America was one big neo-liberal experiment where the CIA could overthrow populist leaders and install fascist puppets to tow the line of the financial cartels from the North.