Search Results for: china

Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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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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Russia admits it’s dumping USD and Euro for gold

Russia USD Euro Gold

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 …

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Brazil, Uruguay move away from US dollar in trade

USD dollar

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart …

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Why disinformation works

Lies

Have you ever wondered how the government’s misinformation gains traction? What I have noticed is that whenever a stunning episode occurs, such as 9/11 or the Boston Marathon bombing, most everyone whether on the right or left goes along with the government’s explanation, because they can hook their agenda to …

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How Long Until We Live in an Electric Car World?

The auto industry is changing. It may not be as exciting as the development of flying cars, submarine hybrids like in James Bond or fully driverless vehicles (though these could all become reality sooner than we think). The current change sweeping auto manufacturers, drivers and dealerships is the electric car …

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Sweden cuts rates below zero, launches QE

Sweden

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action …

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Gold price soaring as economic crisis looms

Gold bars American flag

From Filip Karinja, for Birch Gold Group What a start to 2016 it has been for the financial markets! Increased volatility appears to be the new norm. With reports of people lining up around the block in London to get their hands on physical gold, it’s little wonder that the precious metal is …

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Stock market ‘glitch’ exposes vulnerability of modern system

NYSE stock market

From Filip Karinja, for Birch Gold Group The New York Stock Exchange (NYSE) halted all trading on Wednesday. For almost four hours, the world watched with bated breath as the NYSE sorted out what they described as a “technical issue”. Ultimately, the issue was officially reported to be from engineers installing …

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Russia undertakes largest military exercise since cold war

Russian war exercise

The largest Russian military exercise since the cold war was a simulated response to a “hypothetical attack by Japanese and US forces,” according to Konstantin Sivkov, a retired officer of the Russian military’s General Staff. The wargames, which involved 130 combat aircraft, 70 ships, 5,000 tanks, 160,000 troops and 320 …

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8 signs the system is broken

Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag …

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The inevitable decline of retail

Online shopping is rippling through the economy, affecting not just retail but energy consumption and the job market. Correspondent Marc A. responded to my recent entry Is Anybody Else Tired of Buying and Owning Stuff? (September 7, 2012) with an informed commentary on how online shopping is affecting the retail sector. …

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World economy is so damaged it needs permanent money printing

USD money printing dollar

Combined tightening by the United States and China has done its worst. Global liquidity is evaporating. What looked liked a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. The latest investor survey by Bank …

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North Korea conducts 3rd nuclear test, warns more to come

North-Korea-nuclear-test

A defiant North Korea has conducted its third nuclear test, prompting a wave of international criticism from governments and other organization. It also said that more “measures” may follow, raising concerns that more nuclear devices may be exploded. Track LIVE UPDATES on the fallout of the North Korean nuclear test. Pyongyang said …

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Just How Popular Is Bitcoin in Japan?

After months of heated debate, the Japanese government finally recognised Bitcoin as a legitimate payment method earlier this year on April 1. For a long time following the fall of the Bitcoin exchange service Mt Gox, digital cryptocurrency was a hot topic. It all began in February 2016, when Japan’s …

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Alibaba’s Jack Ma: In 30 years time people will only work 4 hour days

Alibaba Jack Ma 4 hour work day

Alibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, discussing his growing e-commerce platform, globalisation and artificial intelligence. The billionaire Chinese businessman sat down his week at the Gateway ’17 conference in Detroit for a wide-ranging interview …

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Trump’s missiles blow investors into safe havens

Investors safe havens Trump

Even before missiles flew out of America’s warships to bomb Syrian military bases, gold was slowly increasing in value in anticipation of the Trump-Xi summit. After the bombs landed, gold has hit a 5 month peak as investors look for safe havens. Other safe havens such as the Japanese Yen …

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Why ‘Rich Dad’ author predicts a market collapse is coming

Market collapse Robert Kiyosaki

From Filip Karinja, for Birch Gold Group Famed entrepreneur and author of the ‘Rich Dad’ business book series, Robert Kiyosaki, says his predictions for a market collapse in 2016 are on schedule to become a reality. He was nearly correct in the first week of the year, when markets suffered some …

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