Search Results for: banks

Italy’s public debt hits new record high

Italy's Finance Minister Pier Carlo Padoan

The amount of public debt racked up by the eurozone’s third largest economy reached a new record of €2.2 trillion in May, up by €23.4 billion in a month, the Bank of Italy said on Tuesday. The hike was attributed to increased Treasury liquidity, the fall in the euro and …

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Federal Reserve is unable to raise interest rates

Federal Reserve interest rate decision

From Filip Karinja, for Birch Gold Group The Federal Reserve has announced that it will keep rates as is for the time being, at 0.5%. Previously, the Fed said it would carry out four increases in 2016, each by 25 basis points. However, as the months pass, the Fed seems to be stalling. …

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Iran joins growing list of countries to ditch US dollar

US dollar cut up

Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. “In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab …

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JP Morgan and RBS: sell stocks now

JP Morgan RBS stock market sell stocks

From Filip Karinja, for Birch Gold Group Following the worst start to a year in the stock market, Week 2 of 2016 sees the likes of the Royal Bank of Scotland (RBS) and JP Morgan issuing a simple warning to clients: Get out of the stock market ASAP! Don’t worry, we were shocked …

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Ecuador hands Goldman Sachs half its gold reserves

Ecuador flag

This is a great example of how the game works. In a world in which every government on earth needs “liquidity” to survive, and the primary goal of every government is and always has been survival (the retention of arbitrary power at all costs), the provider of liquidity is king. So …

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Another banker dies under suspicious circumstances

Police Geert Tack

52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles… Tack disappeared on …

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US dollar will not survive 2015

US dollar burning

Editor’s note: by ‘survive’ we are referring to the fact that the US dollar will soon lose major purchasing power. Just like it has lost over 98% since the Federal Reserve came into being in 1913. By Jim Willie, GoldenJackass.com In the closing months of 2014, on numerous occasions the position …

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JP Morgan accumulating world’s largest physical silver hoard

Jamie Dimon JP Morgan

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great …

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Australia’s looming private debt crisis

Money Australia

As household debt has boomed exponentially over the last two decades, the savings of the household sector has plunged. Australia’s private debt dynamics have been thoroughly explored elsewhere, but less well understood is the country’s position relative to the OECD and BRIC nations. Thankfully, the Bank for International Settlements (BIS) …

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Does the UK have anything to offer Scotland besides threats?

Independence Scotland

Scottish voters finally have the opportunity to fulfill William Wallace’s dream of a Scotland that is free and independent of England forever. All they have to do is vote yes next week. Without a doubt, a divorce from the British would be quite messy, and life would probably be more …

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Why Obama should bust Netanyahu for 9/11

Obama

All observers admit it: Israeli Prime Minister Benjamin Netanyahu did everything in his power to destroy President Barack Obama’s political career. President Obama should return the favor. He should destroy Netanyahu’s career in the biggest, most spectacular way possible – by busting Netanyahu for 9/11. The major US and international …

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Recent attack on GoDaddy is False Flag justifying need for cybersecurity

Anonymous

PROBLEM -> REACTION -> SOLUTION Earlier this week, the CIA-sponsored hacker group called Anonymous claimed responsibility for the taking down of hosting provider GoDaddy and several websites hosted by this corporation. This nameless, faceless group took down the Domain Name System (DNS) while a currently undetermined number of customers were affected. Some of the …

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The US will be on a gold standard in 12 to 24 months – Schiff

Gold Standard America Peter Schiff

Today Peter Schiff stunned King World News when he said the US will be back on a gold standard “… in a year or two.” Schiff also said, “I would have expected a (financial) collapse to have already happened.”  Schiff went on to warn, “… at this point I’m going to …

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The Fed on gold price manipulation

Lately various media outlets have been swamped with stories and allegations of precious metal manipulation ranging from the arcane, to the bizarre to the outright ridiculous. At issue is not that these claims of price fraud are unfounded – they very well may be completely true – but without a notarized …

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Has the Sydney property market finally settled down?

Now you’ve come to the same titular question because you’re looking to buy or invest in a property soon, right? Australia is easily one of the top destinations for many expats, especially British who are lured by life Down Under. However, it’s vital not to get wrong-footed by the practicalities …

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You Can Save Cash With These Quick Tips

Are you the kind of person who starts the month off with the best of intentions, but then discovers that they only have a few dollars left to their name when they’re in the week before payday? If so, you’re not alone. It can be very difficult to control your …

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2 Simple Ways to Make Money Work for You

Those who say that money is not important can’t be telling the entire story. It’s true that there are studies that say that relationships are far more valuable. However, you have to realize that our needs are ordered in a hierarchy. Before we become aware of the need to be …

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