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>> SMALL BUSINESS ADMINISTRATION Latest News

FEB 16, 2013 - Zero Hedge

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Is This Where The Secret JP Morgan London Gold Vault Is Located?

In a world defined by "financial innovation", where $1 of hard collateral can spawn over $1000 in repoed and rehypothecated liabilities (and assets), where "shadow banking" is far more important than traditional bank liabilities (and to this date remains completely misunderstood), and where every month the central and commercial banks force create over $100 billion in credit money (which end consumers refuse to absorb and which therefore ends up in the stock market), the concept of a "hard asset" is an increasingly redundant anachronism. Yet while the Federal Reserve has emerged as the ... Read More

Tags: Is This Where The Secret JP Morgan London Gold Vault Is Located?,  Small Business Administration Latest News