Search Results for: interest rate

China hoarding gold to challenge the US dollar

China gold dragon

In a world filled with fiat currencies, how important is gold‘s role in the financial system? Proponents often view the precious metal as a hedge against economic chaos, while critics typically claim gold is hardly more than an unproductive rock. Interestingly, some countries appear to believe gold is quite important, …

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Obamacare websites cost taxpayers $634m and they still don’t work

obamacare fail

It’s been one full week since the flagship technology portion of the Affordable Care Act (Obamacare) went live. And since that time, the befuddled beast that is Healthcare.gov has shutdown, crapped out, stalled, and mis-loaded so consistently that its track record for failure is challenged only by Congress. The site itself, which …

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Pussy Riot sentenced to two years jail

Pussy Riot

A Moscow court has sentenced three members of Pussy Riot to two years in a medium-security prison for hooliganism motivated by religious hatred and enmity. The Judge said Nadezhda Tolokonnikova, Maria Alyokhina and Ekaterina Samutsevichshowed flagrant disregard for the church parishioners and the fundamentals of the Orthodox faith. “The Court …

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Vaccines have been based on medical fraud for over a hundred years

The concept of vaccinating to immunize began in 1796, when British apothecary (pharmacist) Edward Jenner inserted cowpox pus under the skin of an eight year old boy. Jenner based his experiment on an unsubstantiated rumor that anyone who had experienced cowpox would be immune to smallpox. Over the next couple …

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The Zeitgeist Movement

The Zeitgeist Movement is a sustainability advocacy organization founded in 2008. The movement campaigns against the “monetary-market” economy which they argue should be replaced with a resource-based economy in which money serves no purpose. The movement is critical of fractional reserve banking. The Zeitgeist Movement was inspired by Peter Joseph‘s film Zeitgeist: Addendum, the latter of which described The …

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US national debt is now over $20 trillion

US national debt 20 trillion

The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money. As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person …

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Iran to dump US dollar in oil trade, settle in euro instead

US dollar dumped oil trade

Iran wants post-sanctions’ oil contracts denominated in dollars and have buyers pay in euros, Reuters reported. Tehran is also keen to receive money owed to it since the pre-sanctions days in the European currency. The country’s crude deliveries are to be restored soon, with companies such as the French giant …

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China to allow direct conversion between Yuan and Swiss Franc

Chinese clerk with yuan notes

China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund. The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making …

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Deutsche Bank to axe 35,000 jobs

Deutsche Bank

Germany’s biggest lender, Deutsche Bank, has announced that it will cut 35,000 jobs through redundancies and the sale of businesses. The Deutsche Bank says it plans to slash 9,000 full-time jobs and 6,000 contractor positions. It will also sell operations with 20,000 more workers and close local operations in 10 …

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CNN primetime falls below 250,000 viewers

CNN Bill Weir

With Bill Weir hosting CNN Tonight on Friday, averaged its second-lowest ratings during the 9 p.m. hour in both the 25-54 demo and total viewers in nearly 15 years. The CNN show had 48K viewers in the demo and 226K total, according to Nielsen. The only other time the 9 p.m. hour rated lower …

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The Bill & Melinda Gates Foundation exposed

Melinda and Bill Gates

ExxonMobil, BP, Chevron, DynCorp, G4S, Walmart and McDonald’s are just a few of the companies that the mega ‘charity’ supports. With an endowment larger than all but four of the world’s largest hedge funds, the Bill & Melinda Gates Foundation is easily one of the most powerful ‘charities’ in the world. According to its …

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Larry Summers withdraws from Federal Reserve Chairman race

Larry Summers

Former US Treasury Secretary Larry Summers President Obama has accepted the decision of the Former US Treasury Secretary Larry Summers to withdraw his name from consideration for the position of Federal Reserve chairman. Summers called the US President on Sunday to notify him that he will not be running for …

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Britain’s VIP pedophile ring exposed

British Pedophile ring Thatcher VIP

Now that most of the major figures are dead, the truth is emerging about the systematic sexual abuse of children by members of the British government. A newspaper editor was handed startling evidence that Britain’s top law enforcement official knew there was a VIP pedophile network in Westminster, at the …

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North Korea threatens ‘pre-emptive’ nuclear strike against US

north-korea-threatens-united-states

A spokesman for North Korea’s Foreign Ministry says his country may deliver a pre-emptive nuclear strike against its enemies in case an attack on Pyongyang is launched. “Since the United States is about to ignite a nuclear war, we will be exercising our right to a preemptive nuclear attack against …

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Precious metal distributors: enemies of the state?

precious metals

The City Council in Houston is enforcing strict new rules and regulations for those selling gold, silver, and all other precious metals. The council says they are taking such measures in order to prevent criminal activity – they want to stop those who try to resell stolen valuables. Advocates for …

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