Search Results for: Bank of International Settlements

Bitcoin invades mainstream banking system

bitcoin

Digital Currency Exchange, Bitcoin-Central, has been authorized by the French government to conduct bank style operations. In an announcement last month on bitcointalk.org, Paymium, the organization behind Bitcoin-Central said this: We’re announcing today that Bitcoin-Central.net is getting, through a partnership with Aqoba, allowed to operate like a bank, (or more precisely like …

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Bank Stocks Loved Janet Yellen’s Congressional Testimony

Bank of America

Fed chair, Janet Yellen testified before Congress on Valentine’s Day, Tuesday, 14 February 2017. The Congressional hearing provided cannon fodder to traders looking to go long on bank stocks. Yellen expressed optimism about the state of the US economy, given falling unemployment numbers, rising inflation, and robust economic growth. She …

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China to allow direct conversion between Yuan and Swiss Franc

Chinese clerk with yuan notes

China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund. The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making …

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G20 & IMF push for global Fed, global currency

Currency wars

While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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Russia reduces US debt holdings by 40% over past year

USD US 100 dollar note

Russia held $66.5 billion in US treasury securities in April 2015, down from $116.4 billion in April the previous year. The amount of US government bonds held by Russia reduced by more than 40 percent in one year, according to figures released by the US Treasury on Monday. In April 2015, Russia held $66.5 billion in US government debt, down from …

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Another Deutsche banker and SEC enforcement attorney ‘commits suicide’

Deutsche bank suicide

Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that, set off an unprecedented series of banker suicides throughout the year which included former Fed officials and numerous JPMorgan traders. …

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JP Morgan bankruptcy lawyer killed in hit & run

Joseph Giampapa

The banker suicide saga has just reached a new level as a top level JP Morgan attorney has been exterminated in a hit & run incident involving a minivan. JPM attorney Joseph Giampapa was killed over the weekend when he was struck by a minivan in a hit and run incident. Giampapa …

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Public U.S. gold audit petition hits White House website

Gold audit federal reserve

The Gold Anti-Trust Action Committee (GATA) and other advocates–who argue the quantity of gold held by the world’s central banks, international bullion banks, and future exchanges is overstated–are backing a petition demanding an assayed public audit of the U.S. gold reserve, published Wednesday on the White House petitions website. The …

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How the global collapse will be sold to the masses

world crisis

In our modern world there exist certain institutions of power.  Not government committees, alphabet agencies, corporate lobbies, or even standard military organizations; no, these are the mere “middle-men” of power.  The errand boys.  The well paid hitmen of the global mafia.  They are not the strategists or the decision makers. …

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Currency war against Iran: Rial drops 20% in one day

The economic war waged against the people of Iran by the United States and the European Union is beginning to show results. “Iran’s rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further …

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Barclays fined £26 million for manipulating price of gold for a decade

Barclays capital gold price rigging

It was almost inevitable: a week after we wrote “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold” and days after “Barclays’ Head Of Gold Trading, And Gold “Fixer”, Is Leaving The Bank“, earlier today the UK Financial Conduct Authority finally formalized what most in …

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Bankers dishonest by training, not by nature: study

Banker smoking cigar USD dollar

A Swiss study has set out to establish once and for all whether bankers are scheming, untrustworthy scoundrels. The study of more than 200 international bankers put their honesty to the test and found them to be fundamentally decent human beings, until they were reminded about what they did for …

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Journalists blast Israeli govt cartoon mocking Gaza news coverage

Israel cartoon Gaza terror rules

Israel’s Foreign Ministry has produced a 50-second cartoon mocking foreign reporting on Gaza, urging people to see that “terrorism rules” there. Apart from arguably lacking comedic value, the clip was slammed as being in poor taste by international media. The animated short shows a blond, presumably American reporter in Gaza …

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JPMorgan CEO Jamie Dimon gets 74% payrise; to $20 million

Jamie Dimon

It was only a year ago that JPMorgan CEO Jamie Dimon was getting his pay docked by millions of dollars. Now, though, the company is giving their chief executive a raise. Despite the fact that JPMorgan was hit with $20 billion worth of fines during 2013, Dimon will receive $1.5 …

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The next banking crisis is coming

By Filip Karinja Following the global financial crisis back in 2008 you’d think the banks had solved their issues and it is business as usual. However this is not the case, something big appears to be lurking in the shadows of the banking system that could make 2008 look like …

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JP Morgan’s secret London gold vault located

JP Morgan 60 Victoria Embankment London

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 …

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How Cryptocurrency Has Revolutionized Payment Methods

The digital landscape has wrought big changes on almost every area of our lives. From instant communications to online shopping, the Internet has transformed life in the new millennium, and the increasing popularity of cryptocurrency is symptomatic of those changes. If you haven’t been paying attention to the growing number …

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