Search Results for: debt

The Libor scandal explained

Libor Scandal

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing …

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Economic facts: America headed for total collapse

us economy disaster america wake up

According to the major polls, at least 2/3 of Americans think, “things will get better”. Yes, they are that stupid. Let’s look at some plain facts: 48% of Americans are considered either “low income” or living in poverty by the government. 20% of households are on Food Stamps. 1 in every …

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The globalists are losing control

Bank of Japan BOJ

The central planners are in a state of fear and panic. They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored economic metrics fail to respond to all of their frenzied efforts. They are so far over the tips of their …

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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 …

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The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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Sears Holdings Corp Announces More Store Closures

Sears Holdings Corp is cutting costs by any means. The corporation’s latest efforts to save a dollar, and itself, involves closing eight of its namesake department stores along with 35 Kmart locations throughout the nation. Sears executives believe that such a move will reduce the cost of square footage the company …

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The UK Government’s Big Self-employment Tax U-Turn

UK government self employment tax

When the UK’s latest budget was announced, there were large volumes of complaints regarding their plan on increasing the National Insurance contributions for self-employed workers. However, the Chancellor, Philip Hammond has just announced one week after the budget, that they are going back on the decision to increase national insurance …

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Trump Prepares to Remove Retiree Investment Protections

retiree investment protections

One of many executive orders could erase a recent fiduciary rule change designed to protect retiree investors. President Trump signed the order on Feb 3rd to review the Department of Labor change from 2016, which meant retirement investment advisors had to put the financial interests of their client ahead of …

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Nobel Peace Prize President dropped 26,171 bombs last year

Nobel Peace Prize President Obama bombs

According to an analysis of Defense Department data from the Council on Foreign Relations, a non-partisan think tank, the majority of the bombs were dropped in Iraq and Syria. The U.S. leads an international coalition fighting the Islamic State group in both countries and has carried out air operations in …

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Federal Reserve is leading economy into the next recession

Federal Reserve economy recession

From Filip Karinja, for Birch Gold Group This week, former Ronald Reagan administration aide and 20-year Wall Street veteran David Stockman has come out and fired shots at the Federal Reserve. The former insider had some very interesting things to say about the U.S. central bank and the state of the …

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Big name retail stores continue to close down

Retail stores closing

From Filip Karinja, for Birch Gold Group The hottest trend in retail right now is store closures – lots of them! This trend was brewing last year and seems to show no signs of stopping in 2016. Some of America’s biggest retailers are shrinking their footprint as consumers are choosing to use what’s left …

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Alan Greenspan warns of a bond market bubble

Alan Greenspan bond market

From Filip Karinja, for Birch Gold Group Alan Greenspan is ‘quite’ worried about a bond market bubble. In recent years, the bond bubble in the U.S. has been inflated by artificial demand from the Federal Reserve and from investors fleeing troubled European markets. The former Federal Reserve Chairman sees it this way: “The United States, strangely …

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S&P to pay $1.4 billion settlement for defrauding investors

S&P Standard and Poor's

One of the world’s biggest credit rating agencies has agreed to pay United States prosecutors nearly $1.4 billion to settle claims it defrauded investors ahead of the 2008 financial crisis. Under the terms of the settlement acknowledged on Tuesday this week, Wall Street giant Standard & Poor’s will pay a …

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US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of …

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Ukraine to buy $1 billion of gold with IMF money

Ukraine flag

A month ago, it was alleged, that Ukraine – under cover of night – loaded its gold reserves onto a plane and shipped them off (for safekeeping) in the US, as the potential price of ‘liberation’. So how ironic that, given the massive gas debts that Ukraine owes to Russia …

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Jon Corzine charged by regulators in connection with MF Global collapse

jon corzine

Regulators on Thursday settled charges against MF Global over the futures brokerage’s collapse, and also charged former Chief Executive Jon Corzine and former Assistant Treasurer Edith O’Brien in connection with the alleged misuse of customer funds. The Commodity Futures Trading Commission said MF Global had agreed to settle all charges …

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Expect a tidal wave entrance into gold – Gerald Celente

gold tidal wave Gerald Celente King World News

Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News.  Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.  Celente predicted, “a tidal wave entrance into gold,” because “the entire …

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New whistleblower: HSBC ‘lied to MPs & deceived customers’

Nicholas Wilson HSBC whistleblower

HSBC deliberately deceived the Treasury Select Committee and was in contempt of Parliament by claiming their “fake” solicitors were regulated, whistleblower and financial activist Nicholas Wilson said Friday. The British-born investigator, who is currently preparing a private prosecution against HSBC for its alleged role in widespread fraud, says the bank …

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Money Mistakes Nearly Everyone Makes

According to USA Today, a survey conducted by the American Psychological Association found 72 percent of its 3,000 respondents were stressed about money. Interestingly, most people who feel this way also think they will be able to earn their way out of whatever predicament is triggering their worries. While making …

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