Search Results for: imf

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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EU officials panic as Greece votes ‘NO’

Greece Greek referendum no oxi EU europe

From Filip Karinja, for Birch Gold Group The Greek referendum results are in, and the nation’s people have resoundingly rejected forced austerity. Over 60% voted ‘NO’ to the IMF bailout, with less than 40% voting ‘YES’. This landslide victory sends a clear message to the European Union that the people of Greece are …

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BRICS countries building new internet to avoid NSA spying

BRICS internet

BRICS countries are close to completing a brand new Internet backbone that would bypass the United States entirely and thereby protect both governments and citizens from NSA spying. In light of revelations that the National Security Agency hacked German Chancellor Angela Merkel’s phone, in addition to recording information about 124 …

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€4.9 billion fine for rogue trader

Jerome Kerviel

Former trader Jerome Kerviel has been ordered to spend three years in prison and pay back 4.9 billion euros (£3.9 billion) in damages for one of the biggest trading frauds in history. After a four-week trial in June, the Paris appeals court ruled this afternoon that Mr Kerviel was a …

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Israeli Mossad blamed for deadly Sinai attack

sinai egypt israeli mossad attack

Egypt’s Muslim Brotherhood has blamed Mossad, the Israeli spy agency, for a terrorist attack that killed 16 Egyptian soldiers in Sinai on Sunday night. The act had further escalated tensions between the formerly allied nations. The group’s official website posted that the attack “can be attributed to Mossad, which has …

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Greece to trigger collapse of fascist eurozone

Greece Eurozone Yanis Varoufakis

From Filip Karinja, for Birch Gold Group Greece is rapidly running out of money. In a last ditch effort to remain afloat, the nation recently passed a law requiring all cash reserves in public sector entities to be transferred to its central bank, the Bank of Greece. This is just the latest round …

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China imports over 2,000 tons of gold in last two years

China has just one thing to say to all those who engage in the now daily slamdowns of gold just around the time of the London fixing, after 8 am Eastern, which lately have gotten so vicious they have resulted in “stop logic” market halts not on one but at least two occasions, …

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Negative interest rates and QE4 is coming

Janet Yellen Federal Reserve

From Filip Karinja, for Birch Gold Group Despite the Federal Reserve running a zero interest rate policy (ZIRP) for 80 months straight and Quantitative Easing programs that have ballooned its balance sheet over $3.5 trillion, US GDP has struggled to reach 2%. It’s plain for all to see: They are running out of options to …

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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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China, gold prices & US default threats

gold USA

24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York June 5, 2013. In the very days when a deep split in the US Congress threatened a US government debt default, the gold price should normally jump through the roof, yet …

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Election 2012: How the winner will destroy America

obamney obama romney

After all the hollow and uninspired elections that this country has suffered through over the past several decades, one might think that at some point long ago the American public would have finally struck a plateau of disenfranchisement; that we could sink no further into despondency, that there is a …

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Leaked: Troika requires 6-day working week in Greece

A leaked email sent to the Greek Ministries of Finance and Labor from the Troika says Greek private sector workers should work six days a week and longer hours. The letter, which was published on August 31, shows that the Troika expects the Labor Ministry to implement a number of …

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NSA, FBI and CIA intercepting laptop purchases to install spy malware

Typing on laptop spy

According to a new report from Der Spiegel based on internal NSA documents, the signals intelligence agency’s elite hacking unit (TAO) is able to conduct sophisticated wiretaps in ways that make Hollywood fantasy look more like reality. The report indicates that the NSA, in collaboration with the CIA and FBI, routinely and secretly …

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AP editors: Obama relies on staged propaganda photos

obama situation room staged photo

Editors of The Associated Press condemned the White House’s refusal to give photojournalists real access to President Obama, who prefers to circulate press release-style pictures taken by his own paid photographers. These official photographs are little more than propaganda, according to AP director of photography Santiago Lyon. The AP has …

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Austrian government no longer guarantees bank deposits

Austrian government

Bank deposits in Austria will no longer enjoy state protection and a state guarantee in the event of bank runs and a bank collapse when legislation is enacted in July. The plan to ensure that the state is no longer responsible for insuring deposits has been readied by the Austrian …

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US judge rules NSA phone surveillance program is legal

Director of National Intelligence James Clapper

A United States federal judge said Friday that the National Security Agency’s controversial bulk phone data collection program doesn’t violate the law. That ruling came courtesy of US District Judge William Pauley, who decided in favor of the NSA early Friday in a case filed this past June by the American Civil …

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The next banking crisis is coming

By Filip Karinja Following the global financial crisis back in 2008 you’d think the banks had solved their issues and it is business as usual. However this is not the case, something big appears to be lurking in the shadows of the banking system that could make 2008 look like …

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World War 3: why Russia and Syria are being targeted

Putin Cameron Obama

Contrary to popular belief, the conduct of nations on the international stage is almost never driven by moral considerations, but rather by a shadowy cocktail of money and geopolitics. As such, when you see the mouthpieces of the ruling class begin to demonize a foreign country, the first question in …

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