Search Results for: tax

How Greece was robbed by the bankers

Greece flag thinking Aristotle

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right? Except …

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Are central banks overstating their gold holdings?

Empty Gold Vault

Romania has demanded for many years that Russia return its gold. Last year, Venezuela demanded the return of 90 tons of gold from the Bank of England. As everyone knows, the German high court ruled that Germany must audit its gold reserves held in foreign countries such as the U.S., England and France. And …

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Where to Next for Big Banks?

Of all the industries available to investors, few offer more long-term stability than the banking industry. This is not to say that the banking industry has stellar growth prospects; on the contrary. After the US presidential election outcome on November 8, 2016, many pundits were expecting bank stocks to soar. …

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Government is an evil that is no longer necessary

Government United States

Rousseau was perhaps the first to popularize the fiction now taught in civics classes about how government was created. It holds that men sat down together and rationally thought out the concept of government as a solution to problems that confronted them. The government of the United States was, however, …

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Beppe Grillo wants Italians to vote on leaving the Euro

beppe grillo movimento cinque stelle

Beppe Grillo, the leader of Italy’s nascent Five-Star Movement catapulted into power by last week’s Italian elections, is causing a bit of a stir this weekend. Yesterday, Grillo told German weekly news magazine Focus that given the dire straits Italy’s economy is in, if things didn’t change, Italians would want to leave …

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Bank of America to fire 16,000 by year end

Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch “or else” (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly had to do with the stock price and preserving the …

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The physical silver market is getting dangerously tight

With continued volatility in global stock markets, and gold staging a big rally off of the lows, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN that when it comes to silver, “there is the strong case for …

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The Euro Continues to Advance in 2018

The Euro had a good performance last year and managed to post solid gains, especially against the US dollar. The bullish trend continues at the present time, as the block currency is favoured by good economic developments and increasing prospects of an ECB monetary policy normalization. If we refer to …

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US national debt is now over $20 trillion

US national debt 20 trillion

The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money. As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person …

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Marc Faber warns stock market will plummet at least 40%

Marc Faber stock market crash

If the man often hailed as the original “Dr. Doom” is right, the stock market could see another “lurch” higher — at which point investors may want to cash out quickly and run for cover. Marc Faber, the editor of “The Gloom, Boom & Doom Report’ and a perennial bear, …

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Rio de Janeiro is out of money ahead of Olympic Games

Rio de Janeiro

The acting governor of Rio de Janeiro state has declared a state of financial disaster so he has more leeway to manage the state’s scarce resources less than two months Brazil hosts the Olympic Games. Francisco Dornelles announced the decision on Friday. It will allow Rio’s state government to change …

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Deutsche Bank to axe 35,000 jobs

Deutsche Bank

Germany’s biggest lender, Deutsche Bank, has announced that it will cut 35,000 jobs through redundancies and the sale of businesses. The Deutsche Bank says it plans to slash 9,000 full-time jobs and 6,000 contractor positions. It will also sell operations with 20,000 more workers and close local operations in 10 …

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The Bill & Melinda Gates Foundation exposed

Melinda and Bill Gates

ExxonMobil, BP, Chevron, DynCorp, G4S, Walmart and McDonald’s are just a few of the companies that the mega ‘charity’ supports. With an endowment larger than all but four of the world’s largest hedge funds, the Bill & Melinda Gates Foundation is easily one of the most powerful ‘charities’ in the world. According to its …

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List with 132 names who pulled Cyprus deposits ahead of “Confiscation Day”

Cyprus

With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation “news” was the most unsurprising outcome for the nation’s financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their  money, then it was suggested the …

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Bank of Cyprus to cut 30% off deposits over €100,000

Cyprus banking crisis

Cypriots and foreigners wait in line to withdraw money from an ATM of a Laiki (Popular) Bank branch in the old city of the capital, Nicosia. Depositors in the Bank of Cyprus, the biggest bank on the island, will reportedly lose 30 percent on their holdings above 100,000 euros, the …

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