Buying a new home is a big financial decision, regardless of whether you’re a first or second-time buyer. However, before you buy a house, you must think carefully about your needs and budget to ensure you make the right choice. To have a hassle-free experience, read the six steps to …
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A Personal Loan for Holiday Shopping; What You Should Consider
The holidays are an exciting time of the year. Families set up Christmas trees. They decorate their homes with tinsel and lights. Christmas music plays everywhere. Families attend night church services featuring Christmas carols and children’s plays. These are all exciting, but nothing beats the biggest activity of the season; …
Read More »Police raid home of IMF boss Christine Lagarde over Tapie scandal
Police have searched the Paris home of the head of the International Monetary Fund as part of a fraud investigation centred on a supporter of former president Nicolas Sarkozy. Christine Lagarde‘s flat was raided along with that of her office manager and the home of businessman Bernard Tapie, a former politician, …
Read More »Why Did Big UK Banks Fail to Pass on Interest Rates to Savers?
On Thursday, 2 November 2017, the MPC of the Bank of England voted by a margin of 7-2 to raise the bank rate by 25-basis points. This long-overdue decision was roundly applauded by financial markets, and the bank rate promptly rose to 0.50%. The impact of a bank rate hike …
Read More »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 …
Read More »Saxo Bank: 60% chance of global recession within 18 months
While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent. “Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the …
Read More »Former Federal Reserve employee: “I’m sorry America, QE was a Wall Street bailout”
by Andrew Huszar (Former Federal Reserve employee) I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool …
Read More »How Bitcoin is Affecting Different Industries
Since Bitcoin arrived (ok not ‘arrived’) as there is no physical back in 2008 there have many companies and big Industries like Dell and Microsoft that take advantage of the crypto currency, and if you have a business of your own but are not using bitcoin, then you really could …
Read More »Leaked memo: Sanders team wanted use of plane in exchange for backing Clinton
A leaked memo shows the Bernie Sanders campaign considered asking the Democratic National Convention for a private plane as part of his endorsement of Hillary Clinton to help “keep his movement energized.” The memo, entitled ‘End Game’, was drafted on June 5, only two days before the California primary, and was …
Read More »War on cash: Japan to introduce fingerprint currency
The war on cash just got serious, and of course, it is the extreme policy experimenters of Japan that are pushing the boundaries. Having dived headlong into negative interest rates, Japanee policymakers recognize full well the historical reaction of “hording cash” will not ‘create’ the nirvana of 2% inflation and …
Read More »Switzerland to vote on banning banks from creating money
Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. The Swiss federal government confirmed on Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the …
Read More »Deutsche Bank fined $258m for conducting business with Iran, Syria and Libya
German Deutsche Bank has been fined $258 million by American regulators for conducting business with US-sanctioned countries including Iran, Syria and Libya. The fine will be paid to the Federal Reserve and New York State Department of Financial Services. The ruling against Deutsche Bank also stipulated that the people responsible …
Read More »Restaurant Management Software, a Necessity for Every Food Business
In the current business world of high technology, you as a restaurant owner need the best software management program you can find to help you keep your restaurant business running smoothly. Your restaurant business takes a lot of work, effort, and time like all businesses, and most days you do …
Read More »Australian millennials in financial strife despite strong economic growth
In the third quarter of 2018, the Australian economy grew by 0.9%, stronger than the previous 0.7% forecast. The nation’s annual growth rate has reached 3.4% which will be music to the ears of the Reserve Bank and Treasury. New treasurer, Josh Frydenberg confirmed that these figures equate to “the …
Read More »World economy is so damaged it needs permanent money printing
Combined tightening by the United States and China has done its worst. Global liquidity is evaporating. What looked liked a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. The latest investor survey by Bank …
Read More »Why banks are no longer needed
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 …
Read More »Wells Fargo fined $185m for opening 2 million fake accounts
A top US bank, Wells Fargo, has agreed an $185 million payout settlement with California and federal regulators after it opened more than 2 million fake accounts not authorized by customers. It is the company’s second instance of fraud in recent months. “Wells Fargo employees secretly opened unauthorized accounts to …
Read More »Banks plan escape to London if Scots choose independence
Partly-nationalized British banks Lloyds and Royal Bank of Scotland (RBS) both say they would relocate their headquarters to London if Scots vote for independence on September 18. Recent polls indicating pro-union and independence camps are neck and neck have rocked British financial markets and pushed the pound to its lowest …
Read More »Iran sentences 4 bankers to death in the nation’s biggest fraud case
Iran’s judiciary system recently worked through the biggest banking fraud case in the nation’s history. According to The New York Times, the outcome of the case was made official on Monday. Results were dramatic to say the least. Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters that four people had been officially sentenced …
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