Search Results for: usd

Here is What the Banks Don’t Want You to Know

Transfer money abroad

As far as we can remember, banks have been the go-to option for wiring money abroad or domestically. Unfortunately, this method of sending money back and forth is neither efficient nor cost-effective. For starters, bank wire transfers are expensive and time-consuming. Banks and financial institutions typically charge high fees for …

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Chinese yuan accepted as collateral at the LME

China yuan

From Filip Karinja, for Birch Gold Group The ongoing internationalization of the Chinese yuan got a major boost this week with the London Metal Exchange (LME) now accepting the currency as collateral against contracts. This follows regulatory approval from the Bank of England, which now allows the LME to accept five currencies as cash …

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Israel seeks war on Iran to keep lid on 9/11

Israeli Connection to 9/11

Almost every politically-aware person on the planet is puzzled by Israeli Prime Minister Netanyahu’s bizarre obsession with Iran. Netanyahu is risking his political career, his reputation, and Israel’s future by intervening in the US presidential elections. He is using all of Zionism’s considerable might – including organized crime assets like …

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ECB to buy gold and stocks next as Japanese QE fails

ECB European Central Bank Yves Mersch

While it remains to be seen if a majority of the Swiss population want their central bank to purchase a whopping 1,500 tons of gold in the coming years, perhaps the most notable event for gold overnight (aside from news that while India exports fell 5% in October, gold and silver …

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America’s second great depression

economic-collapse

For nearly three decades, corporations, banks, and the ultra-wealthy have reaped financial rewards from America’s bubble economy at the expense of working-class Americans. During this stretch, the majority of the gains from US productivity have been disproportionately distributed to the top income earners. Over the years, these inequities have accumulated …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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