Search Results for: financial crisis

G20 meetings to cost Australian tax payers $500 million

Army helicopter Brisbane G20

Australia will spend over $500 million hosting this year’s G20 meetings. In the world of ordinary taxpayers that is a lot of money that could otherwise be spent in the nation’s schools, hospitals or other worthwhile public purposes. So what are the benefits of the G20 and can the world’s …

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US government sues Standard & Poor’s after AAA downgrade

Standard Poor's

The US government is blaming the financial crisis that catapulted the US into recession in 2007 on debt raters Standard & Poor’s. But by singling out S&P, the DoJ raises suspicions that it might be retaliating for a downgraded US credit rating. In a Monday evening filing in federal court, …

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23 countries where stock markets are already crashing

Stock market

You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries …

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J.P. Morgan to pay $1.42 billion to settle some Lehman claims

Lehman Brothers

JPMorgan Chase & Co will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank’s September 2008 collapse. The settlement was made public on Monday, and requires approval by U.S. Bankruptcy …

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Australian property market to crash 30-50%

australian housing bubble

The expert who predicted the global financial crisis has a dire warning for Australia’s property markets. Melbourne, Sydney, Brisbane and Perth are on the verge of the most violent property collapse since the great depression, economist guru Harry Dent has said. Speaking exclusively with 7News, the author, economist and property …

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Jim Rogers issues a warning to all investors

Jim Rogers central banks

From Filip Karinja, for Birch Gold Group Legendary investor Jim Rogers has issued a stern warning to people around the world that the central banks have no idea what they are doing. This week on CNNMoney, Rogers claimed, “We’re all going to pay a horrible price for the incompetence of these central bankers… we’ve …

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JPMorgan: fined $13b, stole $ trillions and 2 million people lost homes

jp morgan

In a telephone call on Friday between the US attorney general and the bank’s CEO, the two sides tentatively agreed to a $13 billion settlement for JPMorgan’s alleged sales of fraudulent mortgage-backed securities. The tentative agreement concludes a civil investigation by the California attorney general over the bank’s sale of …

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The four business gangs that run the US

US flag

If you’ve ever suspected politics is increasingly being run in the interests of big business, I have news: Jeffrey Sachs, a highly respected economist from Columbia University, agrees with you – at least in respect of the United States. In his book, The Price of Civilisation, he says the US economy …

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The life and crimes of Eric Holder

Eric Holder

The announcement of U.S. Attorney General Eric Holder’s resignation today has fueled speculation as to why the controversial figure has chosen to step down. Holder, who was recently found to be the least popular politician in the United States according to a Hart Research poll, is arguably the most criminal government official …

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Rothschild puppet George Soros pushing for war with Russia

George Soros wants war with Russia

American and EU leaders are making a “grievous error” by taking Russian President Vladimir Putin for their ally in the fight against ISIS, billionaire investor and Rothschild gopher George Soros has stated. Putin’s real aim is the EU’s disintegration, Soros alleged. In an opinion piece for Project-syndicate.org, the billionaire stated that “the best …

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BRICS establish $100bn bank and currency reserves

BRICS nations

The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar. The new bank will provide money for infrastructure and development projects …

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Former Federal Reserve Chairman: global economy is headed for disaster

Federal Reserve Chairman Yellen Greenspan Bernanke Volcker

From Filip Karinja, for Birch Gold Group In a recent interview with Fox Business, Alan Greenspan pulled no punches on the state of the economy. The former Federal Reserve Chairman believes that the United States and Europe are set to face some serious economic problems, saying that we have “a global problem of a shortage …

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Russia’s GDP shrinks 4.6% due to oil prices and sanctions

Russia Moscow bridge

Russia’s economy suffered a 4.6-percent fall in GDP in the second quarter of 2015 against the same period last year, the worst performance in six years, according to official statistics. A collapse in oil prices and Western sanctions were largely to blame, however improvement is forecast in 3Q of 2015. …

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European nations look to bring their gold reserves home

Gold bars

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany. An unmatched pace of money printing by major central …

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Iceland citizens to get paid from sale of bank

Iceland flag bankers bank

First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki. If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr …

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Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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Federal Reserve tests negative interest rates as Japan goes to -0.1%

Bank Of Japan BOJ negative interest rates

From Filip Karinja, for Birch Gold Group In a shocking move last Friday, the Bank of Japan (BOJ) slashed its interest rate to -0.1%. However, the surprise doesn’t end there. Bank of Japan Governor Haruhiko Kuroda said there will be “no limit” to the monetary easing, and that rates would be cut even …

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Morgan Stanley’s profit plunges 42%

Morgan Stanley

Wall Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China’s cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter …

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