Search Results for: dump debt

Youth unemployment in Greece hits 58%

Greece EU

Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc. Under the official forecast, the economy will contract by a further 4.5pc next year, so it fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any …

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Currency wars: China threatens bond attack on Japan

China

A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea. Jin Baisong from the Chinese …

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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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WikiLeaks releases 8,200 new emails from DNC hack

dnc-leak-2-wikileaks

With Wikileaks releasing what may have been the final 2,073 Podesta emails in part 32 of its ongoing dump of hacked campaign chairman emails, with the dramatic discoveries over the past week largely overshadowed by the FBI “scandal” which has now fully blown over after Director Comey first zigged, announcing in a cryptic …

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Iceland citizens to get paid from sale of bank

Iceland flag bankers bank

First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki. If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr …

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Iceland jails 26 bankers for a combined 74 years in prison

Iceland arrest the bankers jail

In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five top bankers from Landsbankinn and Kaupping — the two largest banks …

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100,000 Hungarians rally against ‘internet tax’

Hungary Internet Tax

One hundred thousand protesters have marched in Budapest against a plan by the Hungarian government to tax internet use from 2015. Tuesday’s rally, the second in three days, also showed growing discontent among mostly younger citizens against Prime Minister Viktor Orban’s policies centralising power and increasing the role of the …

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52 lawmakers leave Japan’s ruling party over tax-hike legislation

Former Democratic Party Japan Ichiro Ozawa

Dozens of lawmakers from Japan’s ruling Democratic Party, including the party’s key figure Ichiro Ozawa, have resigned over the prime minister’s controversial tax-hike bill. At least 40 legislators from the lower house and 12 others from the upper house of the parliament submitted their resignations on Monday and are expected …

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Fadebook

Facebook IPO

Forget that S&P 500 e-mini futures plunged to four-month lows at 1290; or Treasury yields crashed back to their record lows; or Gold and Silver’s surge today; or WTI’s plummet to almost a $90 handle; or Citi joining Morgan Stanley in the red year-to-date; or credit markets continuing into the …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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One of the greatest speeches ever made

[youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=q03cWio-zjk[/youtube]   Ron Paul: This may well be the last time I speak on the House Floor.  At the end of the year I’ll leave Congress after 23 years in office over a 36 year period.  My goals in 1976 were the same as they are today:  promote peace …

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Caesars Palace takeover by Eldorado to create a giant

Eldorado Resorts has just made an important move towards becoming a nationwide player, by acquiring Caesars Entertainment. The latter is well known not only in the United States, but also beyond borders for its online casinos. That’s why many were probably surprised to hear that a smaller and less known …

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The Federal Reserve Cartel

Part 1 – The Eight Families The Four Horsemen of Banking, Bank of America JP Morgan Chase Citigroup Wells Fargo, …own the Four Horsemen of Oil, Exxon Mobil Royal Dutch/Shell BP Chevron Texaco, ..in tandem with, Deutsche Bank BNP (Banque Nationale de Paris) Barclays other European old money behemoths But their …

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Switzerland chooses gold over paper wealth backed by US dollar

Switzerland gold paper wealth backed US dollar

Another country is betting on physical gold. Switzerland’s pension fund has boosted its investments in bullion, switching from the paper-backed securities in US dollars. “The Swiss government Pension System decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. …

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Petrodollar exports negative in 2014, first time in 18 years

Petrodollar

Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar‘s reserve currency status. The Petrodollar, or the world …

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US drone strike kills 15 civilians in Afghanistan

us-drone-strike-kills-15-civilians-afghanistan

By James Holbrooks On Thursday, the United Nations condemned the killing of at least 15 civilians by a U.S. drone strike in the Nangarhar province of eastern Afghanistan, and called for an independent investigation to be initiated. From a U.N. Assistance Mission in Afghanistan (UNAMA) press release: In the early morning of 28 September, …

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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 …

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Are the Olympics worth the cost?

Olympic Games waste money

By Filip Karinja Making up the ‘B’ in the new BRICS trading block, Brazil is considered to be one of the world’s leading economies. Yet, in recent times, the South American nation has been plagued by political and economic turmoil. Now that the closing ceremony is over and the athletes have gone to …

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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, …

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