tag:blogger.com,1999:blog-26662734268754669762024-02-19T11:08:03.419-05:00Interesting News StoriesWelcomeUnknownnoreply@blogger.comBlogger1004125tag:blogger.com,1999:blog-2666273426875466976.post-23790850426749220212015-08-05T23:49:00.001-04:002015-08-05T23:49:11.322-04:00Gold May Be Losing Traditional Role in Diversified Portfolio"Conventional wisdom has it that you should devote a small portion of your portfolio to gold, which should maintain its value or appreciate in times of turmoil for financial markets.<br /><br />But that relationship has broken down recently. While markets have been roiled by debt crises in Greece and Puerto Rico and by a plunge in Chinese stocks, the precious metal has dropped to a five-year low, trading at $1,085.40 an ounce late Tuesday."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-69600551204635868702015-08-04T20:32:00.001-04:002015-08-05T23:49:48.264-04:00Australia pushes to recognize bitcoin as regular currency"The Australian government on Tuesday suggested treating bitcoin and other digital currencies on a par with standard money in the country. The move comes in contrast to an earlier position towards digital currencies as "intangible assets.""<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwZRuZqkKMpqw6c-l4Eu1iVQH7F-9phLN4Agoptyefd8qo_QG0z8ikkAPsw83nGwwimPe9-f6QGOS2OTjy_2Crii9czmZWSNN9G1vzOcDr2tGxykXR7SrvgVI-YhEKA_6-caflwCtE148/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwZRuZqkKMpqw6c-l4Eu1iVQH7F-9phLN4Agoptyefd8qo_QG0z8ikkAPsw83nGwwimPe9-f6QGOS2OTjy_2Crii9czmZWSNN9G1vzOcDr2tGxykXR7SrvgVI-YhEKA_6-caflwCtE148/s400/1.jpg" width="400" /></a></div>
<div style="text-align: center;">
<br /></div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-60802750487687448052015-07-28T21:21:00.001-04:002015-07-28T21:21:18.898-04:00Germany Replacing Bank Cards and Eliminating Cash Withdrawals"The game is afoot to eliminate CASH. According to reliable sources, Maestro is seriously under attack. In Germany, Maestro was a multi-national debit card service owned by MasterCard and founded in 1992. Maestro cards obtained from associate banks and can be linked to the cardholder’s current account, or they can be used as prepaid cards. Already we see the cancellation of such cards and the issuing of new debit cards. Why? The new cards cannot be used at an ATM outside of Germany to obtain cash. Any attempt to get cash can only be an advance on a credit card."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-16664016979323404162015-07-01T08:24:00.001-04:002015-07-02T06:26:53.905-04:00Greece Shows Importance of Gold as Europeans Buy Coins and Bars"- Demand for physical gold from Europeans surges<br />
- Greek ATMs limit withdrawals to €60 per day<br />
- Greeks panic buy food, fuel and medicine<br />
- European elites threaten Greece with expulsion<br />
- Gold not subject to capital controls or “bail-ins”<br />
<br />
What happens next in Greece is unsure. What is assured is the insurance gold will provide going forward. Physical gold, held outside the banking system, is not subject to capital controls.<br />
<br />
Should the Greek crisis morph into a full-scale euro-crisis – if, for example, Credit Default Swaps were triggered which provoke a derivatives crunch – gold and silver would still enable you to secure life’s necessities if the value of one’s cash savings should collapse.<br />
<br />
The euro, like all paper and digital currencies, is backed by nothing more than the faith in the institution that issues it. Faith in central banks is rapidly evaporating."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-85755173516600274722015-06-29T16:48:00.001-04:002015-06-29T16:48:52.696-04:0050-Year Veteran – Greek Deal Is BS And People In Greece Are Pissed Off"Essentially the central banks are monetizing the debt markets, and in doing so they have created the largest bubble in world history….<br />
<br />
This bubble will undermine the entire Ponzi scheme they call the global financial system when people realize these bonds aren’t worth a fraction of what they are trading for.<br />
<br />
<b>Either Way This Will End In Collapse </b><br /><br />The problem is that all of this is unsustainable. One of two outcomes is certain because of the excess debt we now face in the system: Either we will see a hard deflationary debt collapse, which will make the 1930s look like a walk in the park, or a hyperinflation — triggered by central bank printing to counteract the deflationary threat."<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeXkrApLkvMvozGQz_XMHbxlcsWXWTqydYLxHfvkNCe5rcMOZD1bV5jY48xoGu1L2uDxxL1rGNOnsaQNGil5SCagKqe2vcg6rLTmUD_Sh0_aiMmMT62xzpJyfcsdWX244XITMEQiE-u5Y/s1600/1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="291" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeXkrApLkvMvozGQz_XMHbxlcsWXWTqydYLxHfvkNCe5rcMOZD1bV5jY48xoGu1L2uDxxL1rGNOnsaQNGil5SCagKqe2vcg6rLTmUD_Sh0_aiMmMT62xzpJyfcsdWX244XITMEQiE-u5Y/s400/1.jpg" width="400" /></a></div>
<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-11304316504619824722015-06-29T16:44:00.000-04:002015-06-29T16:44:16.239-04:00Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations"Just a few hours ago Greek PM Tsipras addressed his nation imploring then to "remain calm" and reassuring them that their "deposits were safe." It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until just after the last minute to withdraw their funds... horde gas... and stack food. Greece, it appears is Venezuela - the new socialist paradise."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-37049609386067634822015-06-29T16:33:00.000-04:002015-06-29T16:33:14.734-04:00BANKING CARTELS’ REAL ENEMY: Physical Silver Investment Demand"While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy. The reason is simple. Central Banks have gold in their vaults to dump on the market (or to lease) to control the price, but they have very little if any silver for this purpose.<br /><br />We must remember, Gold and Silver go hand in hand. If one is controlled, so must the other. If the price of silver got out of hand and skyrocketed higher, for whatever reason, it would impact the price of gold as well."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-75444177987560804072015-06-29T16:28:00.000-04:002015-06-29T16:28:59.838-04:00CANADA: Outrage boils over as B.C. government plans to sell groundwater for $2.25 per million litres"More than 82,000 people have signed a petition against the government’s plans to sell B.C.’s (province of British Columbia) water for $2.25 per million litres.<br /><br />“It is outrageous,” says the online petition from SumOfUs.org, that corporations can buy water “for next to nothing.”<br /><br />B.C.’s Water Sustainability Act (WSA), which comes into effect next January and replaces the province’s century-old water legislation, has been heralded as a major step forward. But politicians and experts are raising doubts over whether the newly announced water fees may be too low to cover the cost of the program, asking if the act simply won’t be implemented properly, or if taxpayers could end up picking up the bill."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-2120366930899044882015-06-29T16:23:00.002-04:002015-06-29T16:23:16.671-04:00Britain applies to join Chinese-led Asian bank, prompting concern from U.S."Britain has become the first major Western government to apply for membership in a proposed Chinese-led Asian regional bank that Washington worries will undercut institutions such as the World Bank.<br />
<br />
Twenty-one other governments including India, New Zealand and Thailand have said they want to join...<br /><br />The bank is one of a series of initiatives by Beijing to increase its influence in global finance and expand trade links with Asian neighbors and developing countries in Africa and Latin America." <br />
<br />
<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-90695598797201807312015-06-29T16:18:00.000-04:002015-06-29T16:18:35.313-04:00China Has Announced Plans For A ‘World Currency’"The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind? What if they have always wanted their own currency to become the single most dominant currency on the entire planet? What you are about to see is rather startling, but it shouldn’t be a surprise. When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers. Sadly, we have gotten to the point where checkmate is on the horizon."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-34485287668629708562015-06-29T16:14:00.000-04:002015-06-29T16:14:18.225-04:00Canada introduces additional economic sanctions against Russia"Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea.<br />
<br />
Canada introduced additional economic sanctions against 14 Russian legal entities and three individuals. Such information is contained in the statement of Canadian prime minister Stephen Harper posted on the internet page of the Canadian government on Monday.<br /><br />Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-51371371787172789092015-06-29T15:35:00.001-04:002015-06-29T15:36:19.825-04:00When the (U.S.) Dollar Dies, The World Will Go Down With It? ... NOPE"Unbeknownst to most of the US, right now a new world monetary system is being put in place. When this comes on line completely, odds are that it will basically kill the US Dollar as the global reserve currency.<br />
<br />
This new system is called The Asian Infrastructure Investment Bank – also known as the AIIB.<br />
<br />
40 countries (60% of the world’s GDP) are now jumping the US ship like rats and setting up financial swap lines to bypass the dollar and SWIFT system. The fact that China, Russia, India, Germany, France, and the United Kingdom have all joined this new alliance, it means that the Eurozone itself as of today has abandoned the dollar, and preparing for transitions to commence with the new AIIB banking system.<br />
<br />
Once this new system is completely in place, the US dollar won’t be needed in these countries. They will have the means to transact financial commerce thus cutting the US and The World Bank out of the picture."<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoNDnWgSTbWHx_I1ndOAU6j5dg56c_HOmHzrFlduojwz_Li4-caXffkfRVlUYi_SGI-sXSWB10n7j6t0ovYZqjq31Xc6IKtizksZn5xfgYGikCGL4KgE5yue77XQAtIW6RO33Ny4SCIw8/s1600/aiib.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="277" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoNDnWgSTbWHx_I1ndOAU6j5dg56c_HOmHzrFlduojwz_Li4-caXffkfRVlUYi_SGI-sXSWB10n7j6t0ovYZqjq31Xc6IKtizksZn5xfgYGikCGL4KgE5yue77XQAtIW6RO33Ny4SCIw8/s400/aiib.png" width="400" /></a></div>
<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-13006721145096154592015-06-29T15:05:00.000-04:002015-06-29T15:05:24.553-04:00Moscow Launches Ruble-Renminbi Futures To "Facilitate Trade Between China And Russia""While the west huffs and puffs, and threatens to unleash even more "costs" on Russia in the form of additional sanctions which will assure that Europe's latest deflationary recession is even more acute, an "isolated" Russia is looking to outside, and to the east, and as part of its most recent de-dollarization initiative, the Moscow Exchange announced it has started trading Chinese Renminbi-Russian Ruble currency futures."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-36472542105142174522015-06-29T15:04:00.000-04:002015-06-29T15:04:09.652-04:00Madness Coming To Gold Market: “There Are 30 to 50 Owners For Each Ounce of Gold That’s Out There”"Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.<br /><br />It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-32619770388351210302015-06-29T14:59:00.000-04:002015-06-29T14:59:53.502-04:00Experts Admit Conspiracy Theorists Right About Rigged Stock Market: “The Dirty Secret Is Out”"Are there really secret manipulations of the economy going on in the shadows of Wall Street and Washington?<br /><br />Do bears crap in the woods?<br /><br />The NY Post’s controversial columnist John Crudele has thrown down the gauntlet, declaring that the market is rigged. And not only does everyone know it, but it is now being admitted."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-57334094349026345322015-06-29T14:57:00.000-04:002015-06-29T14:57:04.098-04:00The Newest Country to Defy the Banksters"As we’ve discussed before, the bankers have need of keeping the dream of Eurasia from becoming a reality. It is the thing which they pull out all the stops to prevent. Many countries in the recent past, especially those in the Middle East, or in Europe’e periphery, who’ve dared to assert their own interests, have been put down in the most gruesome ways. Yet the tide seems to be turning against the controllers!"Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-33292839592401930512015-06-29T14:51:00.001-04:002015-06-29T14:51:41.050-04:00Moscow confirms India considering free trade zone with Eurasian Economic Union"India has proposed creating a free trade zone with the Eurasian Economic Union of Russia, Kazakhstan, Belarus and Armenia, said Alexey Pushkov, head of the International Committee of Russian State Duma.<br /><br />"The question was raised by India, which is now considering a free trade agreement with the Eurasian Economic Union. This is a new level in our relationship. The possibility is being discussed," he told reporters..."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-56564681531255167882015-06-29T14:49:00.000-04:002015-06-29T14:49:17.203-04:00Let’s say you had a lot of gold. And let’s say you print yuan. Next you link yuan to gold. Now, who wants dollars?"China plans to launch a yuan-denominated gold fix this year to be set through trading on an exchange, sources familiar with the matter said, as the world’s second-biggest bullion consumer seeks to gain more say over the pricing of the precious metal. The Chinese benchmark would be derived from a new 1 kg contract to be launched on the state-run Shanghai Gold Exchange, a senior source directly involved in the process told Reuters. China, also the top producer of gold, feels its market weight should entitle it to be a price-setter for bullion and it is asserting itself at a time when the established benchmark, the century-old London fix, is under scrutiny because of alleged price-manipulation."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-48927794485771063622015-06-29T14:44:00.001-04:002015-06-29T14:44:50.125-04:00In rare admission of guilt, Wall St. banks say they rigged markets"Five of the world's largest banks have plead guilty to federal charges including manipulating the global foreign exchange market and rigging a benchmark interest rate that affects the cost of credit card, vehicle and other loans.<br />
<br />
The settlements capped a multi-year probe by federal and state prosecutors into Wall Street firms' currency trading practices. Some of the evidence presented by the government highlights how banks colluded to rig financial markets. Traders, referring to themselves as members of "The Cartel," talked about their positions just ahead of setting rates, the government said.<br />
<br />
"Almost every day for five years, they used a private electronic chat room to manipulate the exchange rate between euros and dollars using coded language to conceal their collusion," Attorney General Loretta Lynch said at a news conference to announce the settlements. "They acted as partners rather than competitors to push the exchange rate in directions favorable to their banks, but detrimental to many others.""Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-578515673316153682015-06-29T14:41:00.000-04:002015-06-29T14:41:01.487-04:00Top international banks face US probe for alleged precious metals market fix"The US Department of Justice is in the early stages of an investigation into at least 10 international banks—including JPMorgan Chase, Goldman Sachs and Barclays—over alleged manipulation of the precious metals market.<br />
<br />
According to reports, the other banks involved in the investigation include Bank of Nova Scotia, Credit Suisse, Goldman Sachs, JPMorgan Chase, Societe Generale, Standard Bank and UBS.<br />
<br />
Investors and jewelers in the US have already sued a handful of top financial firms for an alleged eight-year manipulation of platinum and palladium prices."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-16374985154420580752015-06-29T14:35:00.000-04:002015-06-29T14:35:04.735-04:00Japan’s credit card firm to start using Russia’s national payment system by end of 2015"The Japanese JCB payment system is ready to start working with Russia’s national payment system (NPCS) by the end of 2015...<br />
<br />
...Visa and MasterCard localized Russian payments, meaning they will process domestic payments through the National Payment System."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-62162745126010870342015-06-29T14:24:00.002-04:002015-06-29T14:30:21.943-04:00Canadian Media ORDERED by Government of Canada “NOT” to Report on the Federal Court Ruling Against Private Central Banks"The Bank of Canada used to be a government lending institution, creating near interest free loans that built much of Canada’s infrastructure during the 50’s and 60’s. In 1974 at the Bank of International Settlements in Basel Switzerland, Trudeau Sr. was convinced by fellow Bilderberg attendees to dismantle this crucial function of the Bank of Canada, and since then we’ve lost sovereign control of our monetary policies and money supply and government debt at all levels has risen dramatically. This court case challenges the disuse of the Bank of Canada to create money for the public good."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-88593887189274820212015-06-29T14:18:00.001-04:002015-06-29T14:18:56.730-04:00Economists Caution: Prepare for 'Massive Wealth Destruction'"Take immediate steps to protect your wealth . . . NOW!<br /><br />That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.<br /><br />Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”<br /><br />When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “<b>100 percent</b>.”"Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-88002315171922225432015-06-29T14:15:00.002-04:002015-06-29T14:15:59.975-04:00Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin"Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade...<br />
<br />
Moscow and Cairo are also engaged in energy, automobile manufacturing and transport cooperation, developing the intergovernmental trade, economic and scientific-technical cooperation commission as well."Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2666273426875466976.post-67881262253116526242015-06-29T14:11:00.000-04:002015-06-29T14:11:07.776-04:00Mainstream Media Lying To The Public As The World Faces Most Dangerous Crisis In History"Central Banks Worried As Countries Fight To Survive <br /><br />Japan is bankrupt and China’s financial system is extremely fragile. Europe is also in trouble and the U.S. can never get out of its enormous debt burden. So far we have already seen 20 central banks ease in 2015. That’s 20 central banks lowering rates in just six-weeks. <br /><br />This is happening because virtually every nation is fighting for the survival of their economy and financial system. Governments can’t repay debts, even at zero percent. Commercial banks have toxic assets that won’t be repaid. So the central banks are just taking turns printing money."Unknownnoreply@blogger.com