Search Results for: interest rate

Bitcoin and Gold’s First Kiss

The performance of Bitcoin in the last few years has made the once easily-dismissed digital currency a serious contender in the financial markets, even for those who don’t understand the basis for its value. While the concept may still be difficult to grasp (the cryptocurrency is notoriously difficult to explain …

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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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Central banks dump U.S. debt at record pace

Central banks dump US debt record pace

Global central banks are unloading America’s debt. In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion. China, Japan, France, Brazil and Colombia led …

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Swiss to investigate manipulation of currency markets

Currency market

Swiss regulators are investigating a number of financial firms over the potential manipulation of currency markets, where £3tn changes hands every day. The regulator said that multiple banks around the world could be drawn into the investigation, which will raise fresh questions about the integrity of the markets. The Swiss Financial Market Supervisory …

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British bank Barclays to cut 3,700 jobs

Barclays Bank

Barclays, the third largest bank in Britain, is to cut at least 3,700 jobs as part of chief executive Antony Jenkins’ plan to overhaul the bank’s culture and reduce annual costs by £1.7 billion. Seeking to rebuild its reputation and boost profitability after a series of scandals, Barclays said it …

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Reserve Bank of Australia is printing money for foreign banks

Australian money

Global banking giant UBS says the Reserve Bank may be printing money to keep the Australian dollar under control. UBS analysts Gareth Berry and Andrew Lilley say the evidence that the RBA may have been printing Australian dollars is compelling, but not yet conclusive. The main evidence the analysts cite …

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European Central Bank “models” €1 trillion in money printing

European Central Bank ECB

Update: in direct flashback from the summer of 2011 when the ECB leaked news only to retract it within minutes, this just happened: CONSTANCIO: DOESN’T KNOW ABOUT 1 TLN-EURO QE MODEL REPORT For those who have forgotten, here is the ECB playbook: leak “false” rumor, gauge market reaction, then promptly deny …

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Stocks entering into bear market

Stock market trend

From Filip Karinja, for Birch Gold Group Jim Cramer, ex-hedge fund manager and host of CNBC’s ‘Mad Money’, has been warning his viewers this week that he does not like the market right now. Specifically stating that “we have a first-class bear market going.” From 2009 until last year, stocks had been doing …

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The 2017 ASX Australian investor study top 10 findings

Top 10 2017 ASX Australian investor study

The 2017 ASX Australian investor study results were recently released, here are the top 10 findings from the report: 1 – 60% of Australian adults or 11.2 million people hold investments outside of their institutional superannuation fund. 2 – 37% of Australian adults or 6.9 million people hold investments that are available …

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Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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HSBC fined $470 million for 2008 financial crisis, no one jailed

HSBC bank fined 2008 financial crisis

Multinational bank HSBC has agreed to a $470 million settlement with the U.S. government for mortgage lending and foreclosure abuses that worsened the 2008 financial crisis, but is it enough? The Justice Department’s Acting Associate Attorney General Stuart F. Delery said the agreement was “the result of a coordinated effort between federal …

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Morgan Stanley’s profit plunges 42%

Morgan Stanley

Wall Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China’s cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter …

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Stock markets crashing as investors seek safety in gold

Stock market gold

U.S. Investors are on edge following last week’s and today’s sell-off in stocks around the globe. The carnage impacted equity markets in Asia, Europe, and the U.S. Interestingly, the U.S. dollar also weakened. And bonds and gold are getting most of the safe-haven buying. People are starting to wonder what …

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Australia facing debt crisis

Australia day Sydney

Australia’s upper house rejected a proposal to raise the debt ceiling to AU$500 billion ($465 billion), which if not resolved by December 12, could send the country into a US shutdown scenario. Australian Prime Minister Tony Abbott has promised he will lift the debt ceiling of the world’s 12th-largest economy …

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It’s a matter of trust

Part 1 “All the world is made of faith, and trust, and pixie dust.” ― J.M. Barrie – Peter Pan         “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton Who do you trust? Do …

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Economic collapse is inevitable, here’s why…

recession

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts outlined on this page. The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As …

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Goldman Sachs may face trial for role in Greek debt crisis

Goldman Sachs bank

Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis. A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank. The Independent has …

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