Search Results for: currency

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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BRICS to create alternative to IMF and World Bank

BRICS leaders

The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), according to RBTH. As WSJ reports, the U.S. would lose its veto power on …

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War on Cash: the death of the $100 note

War on cash cashless society 100 note

From Filip Karinja, for Birch Gold Group The global “war on cash” is back and bigger than ever. The move towards a cashless society seems to be final destination desired by governments and central banks around the world. Remember the days when you could park your hard-earned money in the bank and …

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Audit the Fed threatens the secrecy of the Federal Reserve Bank

Senator Ron Paul, author of the legislation called Federal Reserve Transparency Act of 2012 (HR459) that will subject Ben Bernanke and the privately-owned Federal Reserve Bank to a monetary audit policy has seen much support from his peers on Capitol Hill. The House of Representatives passed 327 – 98 on a vote last week …

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Economic collapse is inevitable, here’s why…

recession

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts outlined on this page. The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As …

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Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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Why Australia can’t avoid a recession

Steve Keen Australia recession

By Filip Karinja On the 28th July 2016, Professor of Economics at Kingston University, Steve Keen, gave a presentation on the outlook of the Australian economy at The Royal Society of Victoria located in Melbourne. The British-based economist and author of the popular Debunking Economics book considers himself to be …

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Forex Trading? Just Spin the Roulette Wheel

Whenever there is major geopolitical upheaval or change, opportunities present themselves in the forex markets. Forex is the international wholesale market for currency, where traders can speculate on changing currency prices to increase (or lose) fortunes. Trading round the clock every day, these markets respond to the faintest signal from …

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Just How Popular Is Bitcoin in Japan?

After months of heated debate, the Japanese government finally recognised Bitcoin as a legitimate payment method earlier this year on April 1. For a long time following the fall of the Bitcoin exchange service Mt Gox, digital cryptocurrency was a hot topic. It all began in February 2016, when Japan’s …

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8 signs that a global economic crisis is coming soon

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, …

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Trump’s missiles blow investors into safe havens

Investors safe havens Trump

Even before missiles flew out of America’s warships to bomb Syrian military bases, gold was slowly increasing in value in anticipation of the Trump-Xi summit. After the bombs landed, gold has hit a 5 month peak as investors look for safe havens. Other safe havens such as the Japanese Yen …

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Italian PM Matteo Renzi resigns after ‘crushing’ referendum loss

matteo-renzi-italy-referendum-loss

Italian Prime Minister Matteo Renzi vowed to resign after suffering a crushing defeat in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His decision to quit after just two and a half years in office deals a blow to the European Union, already reeling …

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Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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US debt sees record $339 billion increase in a single day

Obama signing debt

From Filip Karinja, for Birch Gold Group On Monday, the U.S. national debt jumped a record $339 billion in a single day following President Obama signing into law new legislation that sees the debt ceiling suspended. Imagine that, our monetary problems “solved” with the single stroke of a pen. The Treasury Department can …

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China’s stock market crashes another 8%

China stock market crash Shanghai

China‘s benchmark Shanghai Composite index is down more than 8 percent in Monday trading. The market is now down 37 percent from its June peak. Over the last month, the Chinese government has taken extreme measures to reverse the stock market‘s decline. The decline in Shanghai was part of a …

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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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‘Leave Euro, reclaim your democracy!’ Nigel Farage to Tsipras

Nigel Farage speech Euro EU

UKIP leader Nigel Farage gave a rousing speech in front of the European Parliament in Strasbourg today during which he directly told Greece’s Prime Minister Alexis Tsipras to lead the Greek people out of the Eurozone and reclaim the country’s democracy. Farage told Tsipras that his country should have never …

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Argentina to default on debt; second time in 12 years

Argentina default

Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday. The country’s economy minister, Axel Kicillof, speaking at a news conference at the Argentine consulate in New York, repeatedly referred to the holdout …

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The global ‘War on Cash’: a country by country guide

Global war on cash country guide

Hang The Bankers readers will be no stranger to the war on cash. However James Corbett from the Corbett Report has made some excellent videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio. The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games. We’ve heard cash is dirtied by drug dealing, tarnished …

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Sweden to go cashless in 5 years

Sweden cashless society money currency

Sweden could very well be the first country to one day go totally cash-free. In fact, the Scandanavian country is well on its way, according to a new report from the New York Times. The country already has many banks that no longer dispense or take cash. But there may be issues brewing …

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