Search Results for: dump debt

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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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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Social Security is not as secure as you think

Social security broken bandaid

From Filip Karinja, for Birch Gold Group For just the third time in 40 years, Social Security benefits will not be increased next year. Around 60 million retirees, disabled workers, spouses and children receive Social Security benefits. With the average monthly payment being $1,224. What could possibly be the rationale to …

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Citibank ordered to pay $700m over illegal credit card practices

Citibank

Citigroup Inc’s consumer bank has been ordered to pay $700 million (£450 million) in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on …

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Brussels ready to back £80bn bailout for Spain

Decision taken following discussion about eurozone’s struggling economy Spanish minister said aid will not come with austerity conditions attached Move comes a day after Spain’s credit rating was downgraded David Cameron has said UK will not contribute funds to eurozone bailouts Euro falls and forecasters say it could hit seven-year …

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Neil Young to release new album ‘The Monsanto Years’

Neil Young The Monsanto Years

Legendary music icon Neil Young will be taking a stand against Monsanto in his latest album release, The Monsanto Years. In a move that highlights just how far awareness on the issue of Monsanto’s toxic creations has come, Young will be working with the Willie Nelson sons in highlighting Monsanto’s activities …

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Iceland to remove power from banks to steal money

Iceland banks Frosti Sigurjonsson

Iceland‘s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling …

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Anonymous strikes Wall Street CEOs, leaks personal information

Money is the root of all politics

Declaring “the guilty must pay,” Anonymous has released 4.6 gigabytes of data detailing the personal information of Wall Street CEOs and other high level Wall Street executives. Links to the data began appearing via Twitter on March 2. AnonymousIRC, a popular Twitter account associated with the international hacktivist collective known as Anonymous, tweeted the following: …

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Rothschild’s want Iran’s banks

Iran Central Bank

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to …

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Dutch unleash intelligent robot bins: No ID, no rubbish

The Netherlands is rolling out intelligent bins that demand ID before accepting rubbish, and let the truck know when they need to be emptied, pointing towards the day when we’ll all have to pay for the stuff we throw away. Altogether 6,000 intelligent bins are being deployed across The Netherlands, …

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