As deflation sets in globally from Europe to the U.S. there is one Caribbean British Territory that has become a tax haven and finance centre, the Cayman Islands.
Patterns and similarities exist between the eurozone and the U.S. in the financial remedies of which are getting administered to debt riddled central banks. Looking further into the comparisons there is a principle being applied.
According gold precious metal market rate pricing site, Kitco News reports that although the euro is showing signs by traders of struggling to survive they feel there is some exaggeration to its reports.
Spain has now replaced Greece as the leading crisis nation in the euro market with their closure of their third-largest bank due to insolvency. The nation is currently at a critical stage point and Spain’s ex-premier sums it up as … Continue reading
Let us take a look at the current banking industry and also the gold market. The 30 Largest Banks in the U.S. represents $11 billion dollars of the financial banking industry as of 2011. What we find from this chart … Continue reading
The euro represents 17 countries and presently they are seeing the highest unemployment rate in Europe (10.9%) which in return is pressuring another stimulus response to the currency.