Search Results for: money

Swiss war game envisages invasion by bankrupt French

Swiss army

Hordes of bankrupt French invade Switzerland to get their hands on their “stolen” money — such is the imaginary scenario cooked up by the Swiss military in simulations revealed over the weekend. Carried out in August, the apparently outlandish army exercise was based on the premise of an attack by …

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Marc Faber warns stock market will plummet at least 40%

Marc Faber stock market crash

If the man often hailed as the original “Dr. Doom” is right, the stock market could see another “lurch” higher — at which point investors may want to cash out quickly and run for cover. Marc Faber, the editor of “The Gloom, Boom & Doom Report’ and a perennial bear, …

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Cyprus banks to remain shut until Tuesday amid bailout crisis

Protesters raise their open palms showing the word "No" during an anti-bailout rally in Nicosia

Banks in Cyprus will remain closed until Tuesday as the country tries to avert financial meltdown after rejecting the terms of a controversial bailout, turning instead to Russia for help. An official said banks, which been shut for days amid fears of a run on savings, will stay closed on Thursday …

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How to learn to trade using the demo account

Learning to trade the market is a very challenging task. The new traders are always trying to earn more money by taking excessive risks. They never think about the profit factors in trading. On the contrary, the elite ones are always conservatively taking things. They never risk too much money …

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ISIS declares the US dollar as its official currency

ISIS US dollar currency

ISIS may threaten violence against the United States and aim to rid the Islamic world of U.S. influence and U.S.-backed regimes, but if you want to do business in the group’s ersatz caliphate, you’d better have money backed by the full faith and credit of the U.S. government. The AP reports : Within …

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UK MPs to examine royal expenses

Buckingham Palace

Following a change in the British law that allows MPs to look into royal finances, Queen Elizabeth and the royal family face an inquiry into their expenses that would decide whether they provide value for taxpayer money. The inquiry, to be launched later this year by the House of Commons’ …

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Washington green-lights American donations to Syrian rebels

The US government has permitted its citizens to start donating money to Syria’s opposition, paving the way for direct help from US nationals to the rebel fighters. The Syrian Support Group (SSG), a Washington-based organization closely connected to rebel forces, has been granted a license by the US Treasury to …

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Greek bank run update: €100-€500 million per day

Five days ahead of the Greek parliamentary re-vote, the media propaganda machine has gone mute due to the moratorium on the RAND() known as popular polling: forgotten are the days when Syriza’ popularity rating would swing from -100 to +100 in the span of hours, Diebold notwithstanding. Which leaves the …

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“Ten Days Later” – Bankia: The Supreme Irony

The May 19 issue of The Economist had the following truly prophetic ad among its pages for the now failed, and bailed out, Bankia: “Some are happy the way they are, others, like us, prefer to discover what we can become.” Ten days later the discovery process is complete: Bankia is now the …

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JP Morgan Commodity Chief Blythe Masters leaves the sinking ship

Blythe Masters

A week ago we wrote: ‘While it has been public for a long time that i) JPM is eager to sell its physical commodities business and ii) the most likely buyer was little known Swiss-based Mercuria, there was nothing definitive released by JPM. Until moments ago, when Jamie Dimon formally announced …

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This guy took a gigantic loan to destroy the financial system

Enric Durán

In 2008, anticapitalist campaigner Enric Durán borrowed €492,000 ($642,306) from 39 different financial entities with absolutely no hope or intention of paying it back. But—as you might expect from an anti-capitalist campaigner—he didn’t spend it all on diamond kitchen knives and luxury frisbees. Instead, he ploughed it into a number …

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FBI claims credit for stopping a terror attack it planned

FBI Capitol

Nearly every major post-9/11 terrorism-related prosecution has involved a sting operation, at the center of which is a government informant. In these cases, the informants — who work for money or are seeking leniency on criminal charges of their own — have crossed the line from merely observing potential criminal behavior …

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Ignoring reality is going to wipe out the human race

war-is-peace-freedom-is-slavery-ignorance-is-strength

To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into …

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Big Pharma criminality no longer a conspiracy theory

Bribery, fraud, price fixing now a matter of public record. Those of us who have long been describing the pharmaceutical industry as a “criminal racket” over the last few years have been wholly vindicated by recent news. Drug and vaccine manufacturer Merck was caught red-handed by two of its own scientists faking vaccine …

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How Greece was robbed by the bankers

Greece flag thinking Aristotle

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right? Except …

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