Search Results for: stock market

Venezuela prepares to sell the last of its gold

Venezuela Maduro gold

Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that …

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IMF forgives Ukraine’s debt to Russia

IMF Christine Lagarde Ukraine debt

On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day …

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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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US government faces $127 trillion in unfunded liabilities

Economic turmoil US dollar

For a casual observer of the US economy (most “experts”), you could say that things look pretty good. Unemployment is at its lowest rate in six years. Earnings of S&P 500 companies are higher than ever, while their debt is lower than it’s been in the last 24 years. Nonetheless, …

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Australia planning to produce GMO milk

Cows on farm milk

A plan to feed Australian dairy cows genetically modified rye grass designed to boost milk production has sparked concerns from both organic and non-organic farmers. Opponents of the scheme fear that GM grasses could contaminate neighbouring properties and that existing labelling requirements would not allow consumers to identify products made from cows fed …

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5 Nobel Prize winners: ‘End the war on drugs’

War on Drugs

Many have pointed out that the global war on drugs has been a waste of tax-payer time and money. It has also resulted in loathsome socio-political policies that have negative long-term ramifications. Now, five Nobel Prize winning economists as well as several world leaders are endorsing a just-published report by the London School of …

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Facebook friends could change your credit score

Facebook

Choose your Facebook friends wisely; they could help you get approved or rejected for a loan. A handful of tech startups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which …

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EU planning to own and operate spy drones and an air force

Drones

The European Union is pondering an EU Commission proposal to acquire a fleet of surveillance drones, satellites, and planes as part of an “ambitious action” to boost the European defense industry. It follows revelations of the NSA’s spying programs. The European Commission has issued a 17-page report, proposing some concrete steps …

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6,000 GM sugar beets in Oregon destroyed by activists

sugar beets

It appears as though some Americans may finally be waking up to the grim reality that calling their politicians and signing petitions is simply not enough to stem the tide of evil that has overtaken this once free country. For perhaps the first time since genetically-modified organisms (GMOs) were introduced …

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Mainstream media in collapse

Mainstream media

Trust in America’s mainstream media is continuing its downward cycle, falling to new lows in recent years as major newspapers lose more and more credibility. According to a recent Gallup survey, “Americans’ confidence in newspapers fell slightly to 23 percent this year, from 25 percent in 2012 and 28 percent …

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Tom Clancy’s new video game Rainbow 6: Patriots are the enemy

Tom Clancy Rainbow 6 Patriots

Magazine article literally asks, “Do you have what it takes to pull the trigger on a fellow citizen?” The latest installment of the popular Rainbow Six video game franchise casts Americans fed up with government corruption and banker domination as domestic terrorists intent on carrying out killings and bombings, yet …

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Bank of England director warns: Bond bubble threatens financial system

Andrew Haldane

Bank of England Director: Andrew Haldane A key Bank of England policymaker has warned of the risks to global financial stability when “the biggest bond bubble in history” bursts. In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank’s new financial policy committee is taking …

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Doctors walk out of national Obamacare implementation meeting

Obamacare

According to live tweets and images sent from ophthalmologist Dr. Kris Held,  nearly all doctors had walked out in protest and disgust of Obamacare  implementation talks at a prominent national health care meeting. Typically,  The American Society of Cataract and Refractive Surgery Government  Relations session is a well attended, formal …

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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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Top trends for 2013

2013 sand

What a year 2012 was! The economic and geopolitical problems plaguing much of the planet at the beginning of last year have, without exception, intensified as we move into 2013. Never in our 33 years of trend forecasting have we experienced a year that rang out on such a downbeat note and …

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“Pay me in gold before dollars have no value” says politician

Jerry O'Neil gold

Jerry O’Neil, six-term GOP state representative in Montana, has asked to receive his salary (which at $10.33 per hour is around $1800 per month) in gold or silver. The long-standing legislator was driven to this decision by his constituents’ concerns about the nation’s massive debt-load and fears of our country’s collapse as “only so …

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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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We are headed to a one world government – Nigel Farage

In an incredibly powerful interview, today MEP (Member European Parliament) Nigel Farage told King World News, “They even want to get eurozone countries to change their constitutions, to write in their constitutions that they will obey all orders from Brussels.”   Farage also warned “So it is very, very difficult to ignore …

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Leaked: Troika requires 6-day working week in Greece

A leaked email sent to the Greek Ministries of Finance and Labor from the Troika says Greek private sector workers should work six days a week and longer hours. The letter, which was published on August 31, shows that the Troika expects the Labor Ministry to implement a number of …

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