Search Results for: japan

Central banks selling off US debt at record pace

Central Banks selling US debt

In March, central banks from around the world dumped $17 billion in American Treasuries. Since the beginning of the year the sell-off has reached $123 billion, which is the quickest pace since 1978. China sold $7.7 billion in US debt in March, lowering its holding by $26.4 billion since last June. Russia …

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China slams G7 and its ‘authoritarian rule’

G7 leaders 2015

The Global Times, an official mouthpiece for China’s ruling Communist Party, has slammed the G7 for engaging in “authoritarian rule” and sidelining the importance of major developing countries. The leaders of the Group of Seven industrialized countries are currently meeting at the luxury Elmau Castle in Schloss Elmau, Germany. The …

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Animal cruelty: two horses die in ‘Australia’s biggest race’

Melbourne Cup Australia

One of Australia’s biggest sporting and cultural events, the Melbourne Cup, has been marred by the deaths of two horses that raced in the world-famous event today. Admire Rakti, the Japanese-owned horse that was the pre-race favourite to win, pulled up in the final turn and died in the stalls …

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Solar to be world’s top electricity source by 2050 – IEA

solar photovoltaic panels

Solar power may become the dominant source of electricity by 2050 as generation equipment becomes cheaper, according to a report from the International Energy Agency (IEA). Solar power enhances energy diversity and hedges against price volatility of fossil fuels, thus stabilizing the costs of electricity generation in the long-term, says …

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John McAfee developing a $100 device to block the NSA

john mcafee

During a recent chat at the San Jose McEnery Convention Center, Antivirus software founder John McAfee unveiled plans to create a gadget called the D-Central which he claims can keep your information safe from the National Security Agency. The gadget, which McAfee wants to sell for less than $100, would communicate with smartphones, tablets …

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North Korea threatens attacks on US Pacific, mainland bases

North Korea leader

Pyongyang said its long-range missile and artillery units have entered combat posture and are targeting US military bases in Guam, Hawaii and mainland America. “From this moment, the Supreme Command of the Korean People’s Army will be putting in combat duty posture No. 1 all field artillery units including long-range …

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Three arrested in UK over Libor rate fixing scandal

hang the bankers

The UK anti-fraud agency has arrested three men in connection with the Libor interest rate manipulation scandal that broke earlier this year. According to Britain’s Serious Fraud Office, the three British men are aged 33, 41 and 47 and are all currently living in the United Kingdom. They have been …

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Central banks now asking governments for help

People’s Bank of China Gov Zhou Xiaochuan ECB President Mario Draghi Fed Chairwoman Janet Yellen Bank of Japan Haruhiko Kuroda

Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help. Mired in a world of low …

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Trump signs executive order to withdraw US from TPP

Trump signs executive order withdraw TPP

With a stroke of a pen, President Donald Trump has unravelled the Trans-Pacific Partnership, withdrawing the US from the controversial free-trade pact. Without Washington’s participation, the TPP would have to be renegotiated or scrapped altogether. The largest global trade agreement in 20 years, the TPP would have included the United …

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Citibank to pay $425m to settle manipulation charges, no one jailed

Citibank manipulation charges settled

The Commodity Futures Trading Commission on Wednesday ordered Citibank to pay $425 million to settle charges including attempted manipulation and false reporting of several key currency-valuation benchmarks. The regulators said $250 million in the settlement relate to the U.S. Dollar International Swaps and Derivatives Association Fix between January 2007 and January 2012. The USD …

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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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Zimbabwe phases out local currency at 35 quadrillion to US$1

Zimbabwe starving billionaires

Zimbabwe has started retiring its almost worthless local currency in favor of the US dollar. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009. The demonetization process of the Zimbabwe dollar started on Monday and will run till …

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China is almost ready to replace the US dollar

Chinese Yuan world reserve currency

From Filip Karinja As the US dollar’s reign as global reserve currency appears to be ending, are we seeing the beginning of a new dawn in the east? Throughout history, global reserve currencies have proven to last for only so long. Before the United States’ currency reigned supreme, the currencies of …

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Fukushima: fresh nuclear leak detected, 70 times above normal

New fukushima leak

Sensors at the Fukushima nuclear plant have detected a fresh leak of highly radioactive water to the sea, the plant’s operator announced Sunday, highlighting difficulties in decommissioning the crippled plant. Tokyo Electric Power Co (TEPCO) said the sensors, which were rigged to a gutter that pours rain and ground water …

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Cold War 2.0 heating up

An emerging foreign policy trend is Cold War II.  The US military/security complex, with help from Obama and Hillary Clinton, is working overtime to revive the profitable long-term stalemate of the Cold War that lasted four decades from the Berlin airlift to the Reagan-Gorbachev accord. During this long period Congress …

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Chinese renminbi is now directly tradable with the euro

USD dollar Renminbi China

The Chinese central bank, People’s Bank of China, issued a press release announcing the authorization of direct trading between the renminbi and the euro on the inter-bank foreign exchange market. This is huge. The euro is the second most traded currency in the world, after the US dollar. The European Union is …

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Deforestation of Amazon jungle increases by nearly a third in one year

Amazon deforestation

Deforestation in the Amazon increased by nearly a third over the past year, according to Brazilian government figures released on Thursday. The data confirms a feared reversal in what had been steady progress over the past decade against destruction of the world’s largest rainforest. Satellite data for the 12 months through …

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British paper claims western troops are in Syria

sas

The British Daily Star has reported in their article, “SAS HUNT BIO ARMS,” that, “nearly 200 elite SAS and SBS troops are in or around Syria hunting for Assad’s weapons of mass destruction.” The Star also claims that the SAS are accompanied by British MI6, US CIA, and both French …

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False flag alert: US claims Syria “moving nerve gas out of storage”

Citing no evidence, and on the heels of  yet another baseless “activist” report claiming a massacre has taken place in Homs, nameless US officials claimed to the Wall Street Journal that the Syrian government is taking chemical weapons out of storage for possible use “against anti-regime rebels or civilians, possibly in an …

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