Search Results for: financial crisis

Iran sentences 4 bankers to death in the nation’s biggest fraud case

Hang The Bankers

Iran’s judiciary system recently worked through the biggest banking fraud case in the nation’s history. According to The New York Times, the outcome of the case was made official on Monday. Results were dramatic to say the least. Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters that four people had been officially sentenced …

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Gold, silver and a major October surprise – Celente

gold

Today top trends forecaster Gerald Celente told King World News, “They (central planners) are going to destroy the money, and they are going to do everything to try to keep the gold and silver markets down.”  Celente warned about a major “October surprise.” He cautioned, “Anything could happen at any time. …

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Australia’s big-banks bonanza

AUSTRALIA’s big banks have been ranked the most profitable in the developed world for the second year running by the influential Bank for International Settlements. Despite slower credit growth threatening to crimp local lenders’ profits, the big four enjoy wider interest margins and lower costs than most of their overseas …

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The greatest debt crisis the world has ever seen is coming

U.S. National Debt 2013

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well.  But we all keep playing along because nobody wants the party to end.  Right now, there is an unprecedented …

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Audit of NY Fed reveals some shocking results

ny fed

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” …

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Japan joins negative interest rate club

Haruhiko Kuroda governor Bank of Japan

In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits. It is designed to encourage them to use their reserves to lend to businesses in an attempt …

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JP Morgan criminal CEO Jamie Dimon: “It’s a free f**king country”

Jamie Dimon testimony

“I’m an outspoken defender of the truth,” JPMorgan CEO Jamie Dimon feverishly maintains in an interview published today. In the interview, he continuously contends that the press and the country have it all wrong about JP Morgan. He seemingly separates JP Morgan out from the current-leading  American banking foe of Europe, Goldman …

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‘Big five’ bank customers vent anger by taking their money elsewhere

Customer cuts up Barclays bank card

Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts over the past week, after the NatWest computer meltdown and the Barclays rate-rigging scandal. Data compiled by the campaign group Move Your Money UK shows an explosion in requests to switch from …

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Audit the Fed bill passed by House panel

Audit the Fed bill Ron Paul

A House panel on Tuesday approved legislation that would let a government watchdog audit the Federal Reserve’s monetary policy decisions, a move bitterly opposed by the central bank. The House Committee on oversight and government reform passed the measure by voice vote after roughly 30 minutes of debate. The bill …

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Rio de Janeiro is out of money ahead of Olympic Games

Rio de Janeiro

The acting governor of Rio de Janeiro state has declared a state of financial disaster so he has more leeway to manage the state’s scarce resources less than two months Brazil hosts the Olympic Games. Francisco Dornelles announced the decision on Friday. It will allow Rio’s state government to change …

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Baltic Dry Index hits lowest levels…ever!

Baltic Dry Index

A measure of international trade often seen as a bellwether for the global economy has crashed to its lowest level ever, fuelling fears we could be heading for another 2008-style crash. Back in November, the Baltic Dry Index dropped below 500 for the first time in recorded history, and it …

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“We are in a financial holocaust” – Max Keiser says in Parliament

Max Keiser George Galloway

The economic crisis has led to a “financial holocaust” which will lead to millions of deaths, said Max Keiser, the outspoken activist and financial presenter for the Russia Today television channel. On invitation from Respect MP George Galloway to deliver an address on “the coming currency collapse” on Tuesday night in Parliament’s …

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Citibank ordered to pay $700m over illegal credit card practices

Citibank

Citigroup Inc’s consumer bank has been ordered to pay $700 million (£450 million) in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on …

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Responding to The UK’s Mental Health Crisis

A series of reports from various government agencies over the last few years have begun explicitly referring to the situation regarding our nation’s mental health as ‘a crisis’ for the first time. Concerns about the quality of, and access to, mental health care has been an issue for some time, …

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George Soros admits to funding the Ukraine crisis

George Soros

George Soros told CNN’s Fareed Zakaria over the weekend he is responsible for establishing a foundation in Ukraine that ultimately contributed to the overthrow of the country’s elected leader and the installation of a junta handpicked by the State Department. “First on Ukraine, one of the things that many people …

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Obama lie #847: ‘There is no debt crisis’

obama

The United States is roughly $17 trillion in debt, but President Barack Obama says there’s no reason to worry. Speaking with ABC News correspondent George Stephanopoulos this week, Pres. Obama downplayed concerns of an impending financial catastrophe, claiming quite to the contrary that the country is on track to turning …

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What is the Sharp Drop in US New Home Sales Attributed To?

Home Sales America flag

In April 2017, US new home sales dropped after surging in March. The seasonally adjusted rate of new home sales in April was reported at 569K according to the Commerce Department. Analysts were anticipating an increase in the region of 610K. Sales of US single-family homes were 842K in May …

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