Trade and investments between Russia and Turkey to be settled in Ruble and Turkish Lira. Another country stops using the US-Dollar. The US-Dollar Turkey’s Ministry of Economy is to consider using local currency, either the Russian ruble or Turkish lira, in major investment projects with Moscow. And there is more: the two countries share no land border but both border the Black Sea, where the new Turkish Stream pipeline will be routed, delivering gas to Turkey, and to Europe via Greece. Greece turned to Russia for financial help...

The political system has become totally non-functional and All Bankers are now Petty Government Officers. The invention of paper money as a means of exchange and enforcing that currency on the population created a mechanism that is used to confiscate and then reallocate the wealth of countless countries and billions of people.

There are no success stories with paper money. All end in a complete loss of value and social conflict.

The only way out of Fiat Paper money is Gold, Silver and REAL ASSETS (as long as the Real Assets are NOT real estate - sorry folks). Investors need to take full positions before it is too late. Returns on phony capital will continue to fall and head into negative territory. In the end, gold and silver will become the asset of last resort for the average person.

Savers are paying banks to deposit their funds and borrowers are being paid by the bank to go into debt.

Savers are paying banks to deposit their funds and borrowers are being paid by the bank to go into debt. !? One does not has to be an Einstein to understand that the situation is highly dangerous and indicates something can happen to the system (Fiat Money and Banks) ANY time. To wait until there are more Warning signs is extremely hazardous as the odds are that the catharsis will come with a FLASH is highly probable. Better be 4 years early than one second late... unless of course you still think this is doom saying and Authorities and Bankers will this time SAVE you and CORRECT the situation in time... in other words, perform in a way they were NEVER able to during the past 6 centuries. 

Basel I, Basel II, Basel III Stress tests...are noting but worthless PROPAGANDA. The Banks are done...bankrupt by definition.

Important Technicals:

The candle chart for Yamana is typical for what Gold bugs have been enduring over the past 5 months: a trading range. Hard to tell WHEN price will break out of the range and if price will break up or down.