Search Results for: china

Brazil, Uruguay move away from US dollar in trade

USD dollar

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart …

Read More »

A world on the verge of war?

US navy

Here is a summary of where the world stands: – Unable to reach a compromise over the weekend, South Africa is now in an all out labor strike, with the police again firing rubber bullets at miners with lethal escalation guaranteed – Back from vacation, the once again penniless citizens of Spain, Greece, and Portugal …

Read More »

Venezuela ditches the US dollar and prices its oil in Chinese yuan

Venezuela US dollar oil price Chinese yuan

President of Venezuela, Nicolas Maduro, has made good on his promise to forsake the US dollar and publish their oil prices in yuan, which is the currency of China. This highly controversial move is likened to Venezuela giving the US “the middle finger”. Former Venezuelan leader, Hugo Chavez has threatened …

Read More »

WikiLeaks: Vault 7 reveals CIA hackers pose as Chinese and Russians

CIA hackers Russia WikiLeaks Vault 7

The CIA can hide its own fingerprints from its hacking exploits and attribute blame to others, such as Russia and China, according to WikiLeaks’ Year Zero confidential data release. Every hacking technique leaves a “fingerprint” which, when collated, can be used to connect different attacks and tie them to the same culprit. …

Read More »

Stocks entering into bear market

Stock market trend

From Filip Karinja, for Birch Gold Group Jim Cramer, ex-hedge fund manager and host of CNBC’s ‘Mad Money’, has been warning his viewers this week that he does not like the market right now. Specifically stating that “we have a first-class bear market going.” From 2009 until last year, stocks had been doing …

Read More »

Iran joins growing list of countries to ditch US dollar

US dollar cut up

Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. “In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab …

Read More »

How Long Until We Live in an Electric Car World?

The auto industry is changing. It may not be as exciting as the development of flying cars, submarine hybrids like in James Bond or fully driverless vehicles (though these could all become reality sooner than we think). The current change sweeping auto manufacturers, drivers and dealerships is the electric car …

Read More »

Russia to buy 200 tons of gold in 2016

russia-buy-200-tons-gold-2016

Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That’s according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. Navoi explained that it’s profitable for the state to buy the …

Read More »

US dollar continues to lose influence around the world

US dollar losing influence around world

From Filip Karinja, for Birch Gold Group For centuries, global reserve currencies have proven to have a shelf life of around 80 years. Us humans, living our relatively short lives, tend to overlook long-term trends. With the U.S. dollar acting as global reserve currency since the Bretton Woods conference following World War II, …

Read More »

Gold price soaring as economic crisis looms

Gold bars American flag

From Filip Karinja, for Birch Gold Group What a start to 2016 it has been for the financial markets! Increased volatility appears to be the new norm. With reports of people lining up around the block in London to get their hands on physical gold, it’s little wonder that the precious metal is …

Read More »

Top 10 trends for 2017

Top 10 trends for 2017

Forecasting worldwide since 1980, never before have we observed so many key socioeconomic and geopolitical trend dynamics as those that will shape 2017 and beyond for both better and for worse. From Americans electing Donald Trump president – the darkest of dark-horse candidates whom the Trends Journal was the first publication to …

Read More »

8 signs the system is broken

Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag …

Read More »

Sweden cuts rates below zero, launches QE

Sweden

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action …

Read More »

WikiLeaks: CIA makes its hacking look like work of foreign hackers

WikiLeaks CIA hacking foreign hackers Russia Putin

WikiLeaks has released new documents that indicate the CIA has developed the capability to mislead anyone investigating its hacking exploits into thinking the hackers came from other countries, including Russia. The CIA’s Marble software can forensically disguise viruses, trojans and hacking attacks, WikiLeaks said, so that no one will place the blame for …

Read More »

Stock market ‘glitch’ exposes vulnerability of modern system

NYSE stock market

From Filip Karinja, for Birch Gold Group The New York Stock Exchange (NYSE) halted all trading on Wednesday. For almost four hours, the world watched with bated breath as the NYSE sorted out what they described as a “technical issue”. Ultimately, the issue was officially reported to be from engineers installing …

Read More »