Tag Archives: money

Could gold be the next Libor scandal?

london city

US regulator considering an inquiry into London’s gold and silver markets to check if prices are open to manipulation. London’s financial sector was last night bracing itself for another official investigation into alleged price-fixing following reports that a US regulator is considering launching an inquiry into the City’s gold and silver markets. The Commodity …

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Bitcoin ‘glitch’ sparks 23% flash crash

Bitcoin

While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not …

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Reserve Bank of Australia quietly increases banks’ bailout buffer

Reserve Bank of Australia

In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015. The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding …

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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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G20 & IMF push for global Fed, global currency

Currency wars

While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is …

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10 evil corporations you buy from everyday

evil corporations

Editor’s note: There’s many more we could add to this list however here is a few. It’s easy to sit back and blame corporations for the evils of the world. McDonald’s makes people fat. Advertising companies lie to sell their products. That guy at Starbucks is on a mission to ruin your …

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Precious metal distributors: enemies of the state?

precious metals

The City Council in Houston is enforcing strict new rules and regulations for those selling gold, silver, and all other precious metals. The council says they are taking such measures in order to prevent criminal activity – they want to stop those who try to resell stolen valuables. Advocates for …

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