Search Results for: banks

RBS completes 600000 delayed payments after technical glitch

Royal Bank of Scotland RBS

The Royal Bank of Scotland (RBS) has repaid the 600,000 customers who suffered on Wednesday when payments into their accounts failed to show up, the banking group announced this morning. The bank blamed the glitch on a technical error, as a package of incoming payments was not processed correctly, leaving RBS and NatWest …

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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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How to be a crook

Ever wanted to rob your fellow man? Learn the different methods you can use and learn who is using them on you right now. [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=2oHbwdNcHbc[/youtube]

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Bank of America fined $17 billion for role in financial crisis

Bank of America

Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine – to the Justice Department over its role in the 2007 financial crisis. If completed, it will be largest single compensation settlement, …

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South Africa boycotts products labeled ‘Made in Israel’

South Africa boycotts products labeled Made in Israel

The South African government has put the final seal on a measure boycotting goods produced in the illegal Israeli settlements across the occupied Palestinian territories. The government on Wednesday confirmed that it will not import the goods produced in the occupied West Bank and East al-Quds (Jerusalem) with “Made in …

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Venezuela can no longer afford to pay for its own money

Venezuela inflation

Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days… … we joked that it is unclear just where the country will find all the paper banknotes it needs …

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48 suspicious banking deaths

Mysterious banking deaths

Our advice is if JP Morgan offers you a job: politley decline. The list of top level bankers dying under suspicious circumstances has been growing rapidly in recent months. Whether these are genuine deaths or something more sinister one thing is for certain, banking is becoming one of the most dangerous industries to be involved in …

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Venezuela prepares to sell the last of its gold

Venezuela Maduro gold

Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that …

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Australia facing debt crisis

Australia day Sydney

Australia’s upper house rejected a proposal to raise the debt ceiling to AU$500 billion ($465 billion), which if not resolved by December 12, could send the country into a US shutdown scenario. Australian Prime Minister Tony Abbott has promised he will lift the debt ceiling of the world’s 12th-largest economy …

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Russia is dumping US dollars and hoarding gold

Russia gold hoarding US dollar

Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from …

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Russia buys 900,000 ounces of gold worth $1.17 billion in April

Swiss gold

The Russian central bank has again increased its gold reserves by another 900,000 ounces worth $1.17 billion in April. Russia’s gold reserves rose to 34.4 million troy ounces in April, from 33.5 million troy ounces in March, the Russian central bank announced on its website yesterday. The value of its …

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Bankers plan secret London meeting to ‘end cash’

War on cash fire

Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve. Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 …

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Russia admits it’s dumping USD and Euro for gold

Russia USD Euro Gold

Editor’s note: this article is sourced from RT so it’s straight from the Kremlin’s mouth  A message to other nations to follow suit perhaps? Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and …

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Audit of NY Fed reveals some shocking results

ny fed

Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 (HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority. Paul, who is pushing for “transparency” …

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Russia and China planning to dump the US dollar

Chinese Yuan

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “The draft document between the Central Bank of Russia and the People’s Bank of China on …

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China, Russia, Norway, Brazil, Taiwan dump US treasuries

US treasuries being dumped

Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record. For the 12-month period ended July, sales of Treasuries by central banks around the world …

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Find out About How to Select the Right Lender Online

The online loan has become the most favorite choice for many people in this digital era. This can be proven by the proliferation of providers. Although there are so many online lenders out there, there are only a few of the best licensed Money Lender  How do you know? Check …

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French presidential frontrunner wants gold back in France

Marine Le Pen gold France

France could be next on the list of countries that wants to take its gold back, if the leader of a far-right political party has her way. Tuesday, Marine Le Pen, leader of the Front National party of France, who is also the front runner to potentially be France’s new president, …

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US government faces $127 trillion in unfunded liabilities

Economic turmoil US dollar

For a casual observer of the US economy (most “experts”), you could say that things look pretty good. Unemployment is at its lowest rate in six years. Earnings of S&P 500 companies are higher than ever, while their debt is lower than it’s been in the last 24 years. Nonetheless, …

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