New legislation authorizing digital currency as a legal payment method has come into force in Japan. The text of the law was released by Japan’s Financial Services Agency on March, 24. Earlier this week, the Accounting Standards Board of Japan said that it would begin work on the creation of a …

The world’s first dedicated bitcoin bank has opened in the center of the Austrian capital Vienna. It is designed to make buying and selling bitcoin easier and safer than other in-person options. The digital currency outlet is owned and managed by a local Blockchain startup Bit Trust and is named …

From Filip Karinja, for Birch Gold Group This week the petrodollar was struck with a mighty blow. Russia’s third largest oil producer, Gazprom, announced that it will settle all crude sales to China in yuan, and thus officially ditch the dollar. With relations between China and Russia growing stronger by the day, …

As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod …

The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa — are set to approve the establishment of a new …

[youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=q1KnJbBJTE0[/youtube] 6 sec: “Do we all work for Central Bankers? Is this Global Governance at last? Is it One World.. with the Central Bankers in charge?” 1 min: “To answer your question: We are absolutely slaves to Central Banks” 1 min 16sec: “Markets are driven by policy now, …

Using cryptocurrencies at online gaming is something that a lot of people want. There seems to be a strong overlap between the people who like to use cryptocurrencies and the people who enjoy gaming of all kinds. It makes sense that this would be the case, even though people are …

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. …

Many of the readers here will already be aware of what Bitcoin is. This new currency has certainly had a lot of media attention recently due to the rapid price increases it’s witnessed. For those who are not yet familiar with the concept of it, it is a digital currency …

China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency. China is promoting the usage of the yuan as a rival …

Iran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector. Head of the Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that Tehran and Moscow are studying the possibilities of opening a new chapter in …

Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the …

To anyone who still doesn’t believe the world’s largest nations are already engaged in a global covert war involving kinetic weapons, currencies and cyber warfare, add this event to your list of things to ponder. Less than one day after another massive explosion destroyed a portion of Shandong, China, another explosion has …

Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 (HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority. Paul, who is pushing for “transparency” …

Since Bitcoin arrived (ok not ‘arrived’) as there is no physical back in 2008 there have many companies and big Industries like Dell and Microsoft that take advantage of the crypto currency, and if you have a business of your own but are not using bitcoin, then you really could …

Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days… … we joked that it is unclear just where the country will find all the paper banknotes it needs …

By ending its three year currency peg to the weakening euro, Switzerland has become the first major economy to surrender in the international currency war, and in so doing has given a long-delayed victory to the Swiss people. Contrary to the indignant reaction by the media and financial establishment, the decision is …

Editor’s note: this article is sourced from RT so it’s straight from the Kremlin’s mouth  A message to other nations to follow suit perhaps? Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and …

UBS Group AG won immunity from criminal fraud charges in a Justice Department investigation into misconduct in the trading of precious metals. The Swiss bank’s main UBS AG unit won’t be charged by the department’s criminal division for information the firm disclosed to prosecutors about precious-metals transactions, according to the …

Editor’s Note from Jim Rickards: ‘The following article describes a fictional dystopia in the spirit of Brave New World or 1984. It is not a firm forecast or prediction in the usual analytic sense. Instead, it’s intended to provide warning, and encourage readers to be alert to dangerous trends in …