Search Results for: stock market

Truckers to shut down US economy October 11-13th

Trucks

Last year the American Truckers Association prepared a report for Congress highlighting the susceptibility of the nation’s just-in-time delivery system, the majority of which is made possible by the transport and delivery of freight. In the event of a catastrophic disaster such as a war that drives fuel prices through the …

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Six ways to lower blood pressure fast

blood pressure

High blood pressure is no longer just an affliction of the elderly, as more than one-third of young people between the ages of 16 and 34 are now said to suffer from some form of hypertension. And a recent study out of California revealed that, if left unchecked, this cardiovascular malady, even …

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10 dire consequences of Obama’s re-election victory

obama

What does an Obama re-election mean for the next four years in America? Now that he’s in his second and last term, of course, Obama no longer needs to restrain his actions according to popularity. He can simply unleash any desirable executive order and rule by decree, bypassing Congress as he has frequently …

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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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Russia to become world’s biggest exporter of non-GMO food

100 organic zone non-gmo food fruit vegetable

Russia could become the world’s largest supplier of ecologically clean and high-quality organic food, said President Vladimir Putin on Thursday. He also called on the country to become completely self-sufficient in food production by 2020. “We are not only able to feed ourselves taking into account our lands, water resources …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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UBS fined for silver price manipulation

Precious metals silver

Switzerland’s regulator found “serious misconduct” by UBS employees in precious metals trading, particularly with silver, as part of its review of the bank’s foreign-exchange business. Electronic chats played a “key” role in the improper conduct in foreign exchange and precious metals trading, the Swiss Financial Market Supervisory Authority, or Finma, said in …

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Congo’s $24 trillion mineral wealth: Corporations vs M23

Congo minerals

Global financial markets don’t pay much attention to the conflict in the Democratic Republic of Congo. They should. The central African country produces major quantities of tin and tungsten, about half of the world’s cobalt output and about three percent of the world’s copper and gold, according to the U.S. …

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Why banks are no longer needed

Bank icons

What else can we do with the $1.25 trillion we’ll save by eliminating these obsolete financial middleman parasites? A lot. Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why are we devoting 9% of our economy to an obsolete parasite?  Financial sector profits now …

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Israel: the tech start-up capital of the world

Israel Start-ups

By Filip Karinja With a population of eight million people, Israel has made a name for itself as the Silicon Valley for tech start-ups. An innovator in the tech field, Israel has over 6000 start-ups in operation and attracts more venture capital per person that any other country in the …

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Global economy at crossroads: time to hoard cash or gold?

Cash gold

From Filip Karinja, for Birch Gold Group The global economy is at a crossroads according to Mohamed El-Erian, chief economic adviser at Allianz Global Investors. The former Pacific Investment Management Company chief executive blamed central bank asset purchases (QE) for creating a distortion between the price of assets and their fundamentals. …

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Morgan Stanley’s profit plunges 42%

Morgan Stanley

Wall Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China’s cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter …

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Federal Reserve can’t raise interest rates

Janet Yellen Federal Reserve QE4

From Filip Karinja, for Birch Gold Group On Thursday, the Federal Reserve announced that it will leave interest rates as is, right near zero percent. Fed Chair Janet Yellen cited recent volatility in markets and uncertainty overseas as reasons to hold off from a rate hike. Since December 2008, the Federal Reserve has lowered the interest …

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Bitcoin is now bigger than Bayer, Goldman Sachs & Nike

Bitcoin market cap Goldman Sachs

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum, and the use of services like Bitcoin to paypal works a lot for people to exchange their Bitcoins into dollars. Don’t forget …

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Australian unemployment rate hits 12-year high

Part time casual jobs employment

Unemployment has jumped to the highest level in more than 12 years, following a surprise fall in jobs growth. The jobless rate rose to a seasonally adjusted 6.4 per cent from 6 per cent in June, its highest point since August 2002. The economy lost 300 jobs in July: While …

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Harvard Economist fears bank runs are coming very soon

Bank run

Former Harvard Professor of Economics Terry Burnham fears starting a “run” on Bank of America after he made public his decision to withdraw $1 million dollars from his checking account as a protest against Janet Yellen beginning her term as Federal Reserve head this month. In an article for PBS …

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NatWest bank may start charging customers to hold cash

NatWest bank charge customers hold cash

NatWest has said it may start charging customers to hold cash if the economy takes a tumble. The bank warned more than one million of its customers it could introduce negative interest rates if that were to happen. This would mean customers are effectively paying the bank to hold their …

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Big Pharma giant Bayer seeks to acquire Monsanto for $62 billion

Bayer Monsanto big pharma GMO

German drugs and chemical giant Bayer has offered to pay $62 billion to buy American GMO giant Monsanto. Bayer’s takeover bid, made on Monday, values Monsanto shares at $122 apiece. The acquisition of Monsanto “would be a compelling opportunity to create a global agriculture leader, while reinforcing Bayer as a life …

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