"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.
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."
Australia 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.""
Germany 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."
Greece Shows Importance of Gold as Europeans Buy Coins and Bars
"- Demand for physical gold from Europeans surges
- Greek ATMs limit withdrawals to €60 per day
- Greeks panic buy food, fuel and medicine
- European elites threaten Greece with expulsion
- Gold not subject to capital controls or “bail-ins”
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.
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.
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."
- Greek ATMs limit withdrawals to €60 per day
- Greeks panic buy food, fuel and medicine
- European elites threaten Greece with expulsion
- Gold not subject to capital controls or “bail-ins”
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.
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.
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."
50-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….
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.
Either Way This Will End In Collapse
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."
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.
Either Way This Will End In Collapse
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."
Ignoring 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."
BANKING 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.
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."
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."
CANADA: 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.
“It is outrageous,” says the online petition from SumOfUs.org, that corporations can buy water “for next to nothing.”
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."
“It is outrageous,” says the online petition from SumOfUs.org, that corporations can buy water “for next to nothing.”
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."
Britain 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.
Twenty-one other governments including India, New Zealand and Thailand have said they want to join...
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."
Twenty-one other governments including India, New Zealand and Thailand have said they want to join...
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."
China 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."
Canada introduces additional economic sanctions against Russia
"Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea.
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.
Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea."
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.
Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea."
When 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.
This new system is called The Asian Infrastructure Investment Bank – also known as the AIIB.
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.
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."
This new system is called The Asian Infrastructure Investment Bank – also known as the AIIB.
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.
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."
Moscow 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."
Madness 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.
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."
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."
Experts 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?
Do bears crap in the woods?
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."
Do bears crap in the woods?
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."
The 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!"
Moscow 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.
"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..."
"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..."
Let’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."
In 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.
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.
"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.""
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.
"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.""
Top 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.
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.
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."
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.
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."
Japan’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...
...Visa and MasterCard localized Russian payments, meaning they will process domestic payments through the National Payment System."
...Visa and MasterCard localized Russian payments, meaning they will process domestic payments through the National Payment System."
Canadian 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."
Economists Caution: Prepare for 'Massive Wealth Destruction'
"Take immediate steps to protect your wealth . . . NOW!
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.
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.”
When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”"
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.
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.”
When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”"
Moscow & 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...
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."
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."
Mainstream Media Lying To The Public As The World Faces Most Dangerous Crisis In History
"Central Banks Worried As Countries Fight To Survive
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.
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."
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.
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."
Global Warming: So Dishonest It Makes Enron Look Like a Paragon of Integrity
"Whether you’re an elderly couple in mid-Wales who have just had 20 per cent knocked off the value of your retirement cottage by the new wind farm on the hill opposite, or you’re a tribesman in the South East Asian jungle whose virgin forest home has been trashed to make way for a palm oil plantation to grow eco-friendly biofuels, or you’re a scientist in New Zealand who has been hounded out of your job because your research doesn’t fit the “global warming” narrative, or you’re a science teacher in Ohio who is obliged, whether you like it or not, to lecture your charges on the dread perils of climate change, or you’re a Republican senatorial candidate who has been targeted as a “denier” in a green attack dog campaign financed by Tom Steyer, you’re all victims of the same global scam: a scam perpetrated by a tiny handful of individuals whose junk statistical manipulation of the global climate records have transformed routine weather patterns into the world’s biggest and most influential ever science scare story."
FINTRAC looks to banks to monitor clients’ social media activities
"Agency presentation urges financial institutions to look for suspicious activity in customers’ ‘open source’ online activity."
BRICS to establish new multi-currency financial order
"The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial institution is led by developing countries...
“If the new development bank experiment succeeds, it will show the world that the emerging countries can do and manage a multilateral economic institution by themselves,” Akshay Mathur, geo-economic fellow head of research at the Indian Council on Global Relations..."
“If the new development bank experiment succeeds, it will show the world that the emerging countries can do and manage a multilateral economic institution by themselves,” Akshay Mathur, geo-economic fellow head of research at the Indian Council on Global Relations..."
What's Really Going On At Fukushima?
"Fukushima’s still radiating, self-perpetuating, immeasurable, and limitless, like a horrible incorrigible Doctor Who monster encounter in deep space.
Fukushima will likely go down in history as the biggest cover-up of the 21st Century. Governments and corporations are not leveling with citizens about the risks and dangers; similarly, truth itself, as an ethical standard, is at risk of going to shambles as the glue that holds together the trust and belief in society’s institutions. Ultimately, this is an example of how societies fail.
Tens of thousands of Fukushima residents remain in temporary housing more than four years after the horrific disaster of March 2011. Some areas on the outskirts of Fukushima have officially reopened to former residents, but many of those former residents are reluctant to return home because of widespread distrust of government claims that it is okay and safe."
Fukushima will likely go down in history as the biggest cover-up of the 21st Century. Governments and corporations are not leveling with citizens about the risks and dangers; similarly, truth itself, as an ethical standard, is at risk of going to shambles as the glue that holds together the trust and belief in society’s institutions. Ultimately, this is an example of how societies fail.
Tens of thousands of Fukushima residents remain in temporary housing more than four years after the horrific disaster of March 2011. Some areas on the outskirts of Fukushima have officially reopened to former residents, but many of those former residents are reluctant to return home because of widespread distrust of government claims that it is okay and safe."
UK moves towards cashless society
"The tooth fairy’s days are numbered.
Pocket change may soon be completely replaced by electronic payments in the UK after reports that last year, for the first time, the majority of payments were made without cash – either on the internet or phone, or through electronic payments and cheques.
The proportion of cash payments was less than half the total number of payments made last year, falling from 52 per cent in 2013 to 48 per cent in 2014 for consumers, businesses and financial organisations combined, according to the Payments Council."
Pocket change may soon be completely replaced by electronic payments in the UK after reports that last year, for the first time, the majority of payments were made without cash – either on the internet or phone, or through electronic payments and cheques.
The proportion of cash payments was less than half the total number of payments made last year, falling from 52 per cent in 2013 to 48 per cent in 2014 for consumers, businesses and financial organisations combined, according to the Payments Council."
THE COMING GOLD RUSH: There’s A Lot Less Gold In The World
"The Western U.S. Dollar based monetary system is headed for a train wreck. This isn’t a matter of IF, it’s a matter of WHEN. Investors lulled to sleep by the low paper price of gold are losing out on the best buying opportunity of a lifetime. The precious metals will be one of the best insurance policies to own when the U.S. Dollar finally catches on fire and burns down the entire system."
JP Morgan accumulating world’s largest physical silver hoard
"Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?
Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.
Clearly, someone over at JP Morgan is convinced that physical silver is a great investment...
Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before."
Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.
Clearly, someone over at JP Morgan is convinced that physical silver is a great investment...
Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before."
Carmakers say adios to Canada as Mexico shifts into higher gear
"Mexico now makes more cars than Canada, a trend that's not expected to change.
The fact is, Mexico now makes twice as many cars as it did a decade ago, and has leapfrogged Canada in the process.
While Mexico was once a bottom feeder on the car industry food chain known mainly for cheap labour, the country is moving up in the world."
The fact is, Mexico now makes twice as many cars as it did a decade ago, and has leapfrogged Canada in the process.
While Mexico was once a bottom feeder on the car industry food chain known mainly for cheap labour, the country is moving up in the world."
GDP of BRICS could surpass G7 in 2-3 years - senior Duma MP
"The GDP of the BRICS countries may surpass that of the G7 within two or three years, as it has already hit $32.5 trillion and rising, claims State Duma Foreign Relations chief Aleksey Pushkov.
"Given that the BRICS members mostly show much higher growth rates than the G7, we can assume that in the next two or three years the aggregate GDP of the BRICS countries will exceed the G7’s,” said the head of the State Duma Foreign Relations Committee, Aleksey Pushkov, speaking to reporters at the first BRICS Parliamentary Forum in Moscow.
He went on to say that BRICS should make this Forum regular, preferably annual, and when that happens, it would help to make the world more equitable and multipolar, based not on the superiority of one country over the other, but on the balance of interests."
"Given that the BRICS members mostly show much higher growth rates than the G7, we can assume that in the next two or three years the aggregate GDP of the BRICS countries will exceed the G7’s,” said the head of the State Duma Foreign Relations Committee, Aleksey Pushkov, speaking to reporters at the first BRICS Parliamentary Forum in Moscow.
He went on to say that BRICS should make this Forum regular, preferably annual, and when that happens, it would help to make the world more equitable and multipolar, based not on the superiority of one country over the other, but on the balance of interests."
Australia PM's adviser says climate change a UN hoax
"Most climate models were wrong and there was little evidence of climate change, said Maurice Newman.
He said the UN had used climate change as a "hook" to establish and control a new world order.
Coalition governments in Australia have a history of climate change scepticism. One of the current government's first actions when it won power in 2013 was to dump the previous Labor government's tax on carbon emissions because of the cost to industry."
He said the UN had used climate change as a "hook" to establish and control a new world order.
Coalition governments in Australia have a history of climate change scepticism. One of the current government's first actions when it won power in 2013 was to dump the previous Labor government's tax on carbon emissions because of the cost to industry."
Lumber, Gold and Volatility in Equities
"Lumber’s sensitivity to housing, a key source of domestic economic growth in the U.S., makes it a unique commodity as it pertains to macro fundamentals and risk-seeking behavior. On the opposite end of the spectrum is Gold, which is distinctive in that it historically exhibits safe-haven properties during periods of heightened volatility and stock market stress.
When you look at a ratio of Lumber to Gold, it is telling you something about the risk appetite of investors and the relative strength or weakness in economic conditions. When Lumber is leading Gold, volatility in equities tends to fall going forward. When Gold is leading Lumber, the opposite is true, and equity volatility tends to rise. The difference in historical volatility at nearly 6% per year is substantial, and as we outline in the paper which will be released in May, it allows an investors to position offensively or defensively in advance."
When you look at a ratio of Lumber to Gold, it is telling you something about the risk appetite of investors and the relative strength or weakness in economic conditions. When Lumber is leading Gold, volatility in equities tends to fall going forward. When Gold is leading Lumber, the opposite is true, and equity volatility tends to rise. The difference in historical volatility at nearly 6% per year is substantial, and as we outline in the paper which will be released in May, it allows an investors to position offensively or defensively in advance."
Russian Ruble: Soon to Be Backed by Gold?
"A gold-backed ruble would be the nail in the coffin of the petro dollar.
Compared to February last year, the Russian currency now has about 40% less purchase power than the Greenback. Russia and USA are in the middle of a currency war that threatens to become an armed conflict. Not even during the cold war has the "diplomatic" talk between USA and Russia been that harsh.
Even from elitist circles come ominous warnings of an acute geopolitical danger. The continuing sanctions against Russia in the process of the Ukraine-crisis hurt the Russian economy additionally. The Russian government has to take radical measures to enhance the attractiveness of the Ruble for investors. In this context a gold backing seems more probable than ever."
Compared to February last year, the Russian currency now has about 40% less purchase power than the Greenback. Russia and USA are in the middle of a currency war that threatens to become an armed conflict. Not even during the cold war has the "diplomatic" talk between USA and Russia been that harsh.
Even from elitist circles come ominous warnings of an acute geopolitical danger. The continuing sanctions against Russia in the process of the Ukraine-crisis hurt the Russian economy additionally. The Russian government has to take radical measures to enhance the attractiveness of the Ruble for investors. In this context a gold backing seems more probable than ever."
Euro spirals toward 1:1 parity with USD
"The euro and the dollar are nearly trading one for one, as the EU single currency continues to fall to new depths after the announcement of the ECB’s quantitative easing, the €1.1 trillion bond-buying program...
The euro has been on a steep decline since the European Central Bank announced its loose monetary policy in December. Since the start of 2015, it has lost more than 14 percent."
The euro has been on a steep decline since the European Central Bank announced its loose monetary policy in December. Since the start of 2015, it has lost more than 14 percent."
Apple Major New Gold Buyer – Propel Gold Higher? Apple Expects To Sell One Million Gold Watches Per Month – Each Watch To Use Up To Two Ounces Of Gold
"- There is a major new buyer in the gold market – Apple
- New Apple watch could use up to one third of total annual gold supply
- Apple expects to sell one million gold watches per month
- Each watch to use up to two ounces of gold
- May have enormous ramifications for gold market and propel prices higher
Apple may consume up to 746 metric tonnes of gold per year in the production of its new luxury Apple watch, due for release in April. This equates to roughly one third of gold’s total annual global mine supply.
The ramifications for the gold market based on these estimates are significant. Currently, China is already buying more than 1,500 metric tonnes annually or more than 50% of global supply.
Creditor nation central banks, particularly the Chinese, are diversifying their gold reserves and accumulating large amounts of bullion on an ongoing basis."
- New Apple watch could use up to one third of total annual gold supply
- Apple expects to sell one million gold watches per month
- Each watch to use up to two ounces of gold
- May have enormous ramifications for gold market and propel prices higher
Apple may consume up to 746 metric tonnes of gold per year in the production of its new luxury Apple watch, due for release in April. This equates to roughly one third of gold’s total annual global mine supply.
The ramifications for the gold market based on these estimates are significant. Currently, China is already buying more than 1,500 metric tonnes annually or more than 50% of global supply.
Creditor nation central banks, particularly the Chinese, are diversifying their gold reserves and accumulating large amounts of bullion on an ongoing basis."
Climate Change Alarmists Bully Media to Call Skeptics ‘Deniers’
"A group of climate change alarmists has demanded that the media stop being so nice to those with different viewpoints on climate. The Committee for Skeptical Inquiry petitioned the media to drop the term “skeptic” in favor of “denier,” when referring to anyone who questions their views on climate change.
The petition ignored more than 400 scientists who have publicly questioned the extent of mankind’s influence when it comes to climate change."
The petition ignored more than 400 scientists who have publicly questioned the extent of mankind’s influence when it comes to climate change."
Volcanic Heat Flow and Sublimation Are Melting Mount Kilimanjaro Glaciers...Not Global Warming
"So what causes rapid melting of the Mount Kilimanjaro high alpine glaciers? Climate experts contend man-made atmospheric global warming is the undeniable choice. However, given that air temperatures at this elevation never drop below freezing, that there is probable glacial sublimation, and most importantly, volcanic activity, global warming is in fact very deniable.
Significant amounts of geological and atmospheric evidence indicates by “da fault” that the actual cause of glacial melting atop Mount Kilimanjaro is volcanic heat flow and sublimation."
Significant amounts of geological and atmospheric evidence indicates by “da fault” that the actual cause of glacial melting atop Mount Kilimanjaro is volcanic heat flow and sublimation."
ADD VOLCANIC ACTIVITY BELOW SEA LEVEL AS WELL, HENCE WARMING OF THE OCEANS. THE THOUGHT OF CARBON TAXING INDIVIDUALS, THEIR COMMUNITIES AND COUNTRIES IS INEXCUSABLE.
BIG TROUBLE FOR U.S. GOLD MARKET: No Available Supply When Price Skyrockets
"Americans are in big trouble and they don’t even know it. The financial system in which they are totally invested, is heading towards an epic collapse. Printing money and increasing debt (exponentially) are not sustainable business practices. These artificial techniques to prop up a Zombie Economy have a certain lifespan… one that will end much sooner than later."
Singapore latest to join currency wars, hits 2010 low
"The Singaporean dollar tumbled to a 4-year low against the US dollar after the Monetary Authority unexpectedly stymied currency appreciation. The move is just the latest in the trend of weaker currencies in 2015.
Singapore, a compact financial center, uses exchange rates instead of lending rates to control its currency, as it is a very trade-oriented economy.
The bank also reduced its inflation target, forecasting a negative 0.5 percent in consumer prices for 2015."
Singapore, a compact financial center, uses exchange rates instead of lending rates to control its currency, as it is a very trade-oriented economy.
The bank also reduced its inflation target, forecasting a negative 0.5 percent in consumer prices for 2015."
China draining global gold inventory
"Where is all the gold flowing into China coming from? Bullion vault market analyst and GATA consultant Koos Jansen tries calculating it, starting with the huge amounts flowing from the United Kingdom and Switzerland."
Climategate, the sequel: How we are STILL being tricked with flawed data on global warming
"Something very odd has been going on with the temperature data relied on by the world's scientists.
The Earth’s recent temperatures rank in the lowest 3 per cent of all those recorded since the end of the last ice age.
How have we come to be told that global temperatures have suddenly taken a great leap upwards to their highest level in 1,000 years? In fact, it has been no greater than their upward leaps between 1860 and 1880, and 1910 and 1940, as part of that gradual natural warming since the world emerged from its centuries-long “Little Ice Age” around 200 years ago."
The Earth’s recent temperatures rank in the lowest 3 per cent of all those recorded since the end of the last ice age.
How have we come to be told that global temperatures have suddenly taken a great leap upwards to their highest level in 1,000 years? In fact, it has been no greater than their upward leaps between 1860 and 1880, and 1910 and 1940, as part of that gradual natural warming since the world emerged from its centuries-long “Little Ice Age” around 200 years ago."
U.S. passports on verge of elimination?
"Soros-funded plan champions 'North American Union.'
A Soros-funded group arguing to replace the U.S. passport with a North American passport appears ready to take up the mantle of championing the concept of a European Union-style regional government to supersede the sovereignty of the United States, Mexico and Canada...
Appropriately named “New America,” the foundation believes the U.S. passport should soon become obsolete and replaced with a European Union-style passport issued for all citizens of the U.S., Mexico and Canada. Citizens would be redefined by their regional identity as “North Americans..."
A Soros-funded group arguing to replace the U.S. passport with a North American passport appears ready to take up the mantle of championing the concept of a European Union-style regional government to supersede the sovereignty of the United States, Mexico and Canada...
Appropriately named “New America,” the foundation believes the U.S. passport should soon become obsolete and replaced with a European Union-style passport issued for all citizens of the U.S., Mexico and Canada. Citizens would be redefined by their regional identity as “North Americans..."
Rosneft says its can weather $30 oil
"Plunging oil prices, even as low as $30 per barrel, won’t offset the world’s largest-listed oil company, Rosneft’s investment and development plans, according to the company’s VP.
“The company can weather $30 per barrel prices, but problems with the Russian budget will arise,” Rosneft Vice president Viktor Ishayev told reporters at a press conference in Khabarovsk."
“The company can weather $30 per barrel prices, but problems with the Russian budget will arise,” Rosneft Vice president Viktor Ishayev told reporters at a press conference in Khabarovsk."
Grandmaster Putin’s Gold Trap: Russia Is Selling Oil And Gas In Exchange For Physical Gold
"After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves."
Ukraine to receive €1.8bn from EU
"European Union finance ministers have agreed to loan Ukraine €1.8 billon to stave off a default. Some governments pressed for €2.6 billion in medium-term loans for 2015 and 2016.
Ukraine has to pay about $10 billion to service its debt this year, including corporate and sovereign loans and bonds, according to the Institute of International Finance, a financial group based in Washington."
Ukraine has to pay about $10 billion to service its debt this year, including corporate and sovereign loans and bonds, according to the Institute of International Finance, a financial group based in Washington."
Africa Loses at Least $50 Billion Annually Through Illicit Financial Flows
"African companies and government officials transfer at least $50 billion out of Africa illegally each year, the Tax Justice Network Africa civil society group has revealed citing a joint United Nations and African Union panel report.
"This is an extraordinarily important report which could shift the global debate on tax, financial transparency and corruption," Joseph Stead, Senior Economic Justice Adviser at Christian Aid, a London-based charity organization, said Sunday as quoted by the Tax Justice Network Africa."
"This is an extraordinarily important report which could shift the global debate on tax, financial transparency and corruption," Joseph Stead, Senior Economic Justice Adviser at Christian Aid, a London-based charity organization, said Sunday as quoted by the Tax Justice Network Africa."
$28 cabbage, $65 chicken, and other insane food prices in Northern Canada
It’s not just food, either — necessary sundries like diapers and sanitary napkins are also outrageously expensive. According to one comment... it’s often more cost-effective to fly to Edmonton, Alberta, do your shopping there, and fly home. (That alone is a pretty good indication that shipping costs are not exclusively to blame.)"
China Withdraws 70 Tonnes Gold From Shanghai Week Ending 16th January - Third Highest Ever
"Let us assume for a moment that all this circumstantial and direct evidence is correct, and there is a currency war underway. And that the Banks have been engaged, for many years, in the systematic rigging of the price of gold."
This Is The Beginning Of The End For The Euro
"As the global financial crisis begins to unfold over the next couple of years, the ECB (European Central Bank) is pretty much going to be powerless to do anything about it. Over the next couple of months, we can expect the euro to continue to head toward parity with the U.S. dollar, and eventually it is going to go to all-time lows. Meanwhile, the future of the eurozone itself is very much in doubt. If it does break up, the elite of Europe will probably try to put it back together in some sort of new configuration, but the damage will already have been done."
America's Losing the Currency War
"talk of purposeful currency devaluation to make up for an economy's inefficiency -- the engine of currency wars -- is a "conversation that is not polite to have." World leaders increasingly feel comfortable talking openly of their plans to drive down exchange rates."
Libyan rebels just seized up to $100bn cash & gold
"Fighters loyal to a renegade general in Libya just seized a Central Bank facility in the coastal city of Benghazi that houses a reported $100 billion in cash and gold.
Libya’s ongoing civil war has split the country between an Islamist-supported central government based in Tripoli and a rival nationalist administration held together by the renegade general Khalifa Hifter and based in the eastern city of Tobruk."
Libya’s ongoing civil war has split the country between an Islamist-supported central government based in Tripoli and a rival nationalist administration held together by the renegade general Khalifa Hifter and based in the eastern city of Tobruk."
Iran Joins Growing List of Countries to Ditch Dollar in Foreign Trade
"Deputy governor at Iranian Central Bank stated that Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies.
In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency
In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world’s reserve currency."
In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency
In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world’s reserve currency."
Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction
"Central banks still believe that by printing money they can kick-start their economies and save the financial system. That’s not the case. There is no chance whatsoever to change the outcome of an indebted and bankrupt European economy…."
This is what all central banks have done — they’ve trapped themselves in a corner. They have zero or negative interest rates, they are printing more money, and they are buying more assets that they can’t sell and that are worth a lot less than they are paying for them. So every single central bank in the world is bankrupt because they will never, ever get the price for their assets that they paid for them. This is why the financial system will not survive... and a total global collapse is now in front of us.”"
This is what all central banks have done — they’ve trapped themselves in a corner. They have zero or negative interest rates, they are printing more money, and they are buying more assets that they can’t sell and that are worth a lot less than they are paying for them. So every single central bank in the world is bankrupt because they will never, ever get the price for their assets that they paid for them. This is why the financial system will not survive... and a total global collapse is now in front of us.”"
Davos Celebrates As ECB Unleashes Trillion Euro Quantitative Easing Program
"The equation is simple: the Central Bank will be printing loads of money, and speculators and bankers will profit hugely, but it will mean more intense austerity measures for the feudal peasants.
Got it?
This latest move, however, could be the death knell of the Eurozone experiment, as individual nations appear to be ‘hedging’ their debt positions now, a stark departure from past behavior based on collectivization."
Got it?
This latest move, however, could be the death knell of the Eurozone experiment, as individual nations appear to be ‘hedging’ their debt positions now, a stark departure from past behavior based on collectivization."
Legendary Richard Russell Predicts Within A Year All Physical Gold Will Be Swept Off The Market
"Currently stocks are trading in an environment of massive liquidity and bonds are operating alongside manufactured zero rates. Currently investors are driving themselves crazy looking for a safe place to make money. Some are buying treasury bonds on the thesis that interest rates will continue to head down and that bond prices will rise. Other investors are buying the US dollar on the thesis that the US is the only bullish economy in the world. Europe is near recession. Japan is seeing deflation again and Russia is a basket case. The US remains the only light at the end of the tunnel.
In this time of massive liquidity, I see the world’s stock markets as comparable to a powder keg. The wick is lit and no one knows when the whole pile will ignite."
In this time of massive liquidity, I see the world’s stock markets as comparable to a powder keg. The wick is lit and no one knows when the whole pile will ignite."
Gold Spike In Major Currencies A Remarkable Start To 2015
"The new year has ushered in a remarkable and unexpected turn of events for gold. It is up significantly in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), up respectably in two others (U.S. dollar and Japanese yen) and down slightly in the last (Swiss franc).
Gold was performing similarly in the Swiss franc until the Swiss National Bank pulled the rug on its peg – a maneuver that resurrected the safe haven status of the currency. Though some lament the sudden policy change as damaging to the domestic economy, Switzerland’s principle business remains banking and a solid currency lends itself to a growing deposit base. In the end a strong currency is likely to support the Swiss economy over the long haul, particularly as the European Union attempts to print its way out of the sovereign debt problem and underlying banking crisis."
Gold was performing similarly in the Swiss franc until the Swiss National Bank pulled the rug on its peg – a maneuver that resurrected the safe haven status of the currency. Though some lament the sudden policy change as damaging to the domestic economy, Switzerland’s principle business remains banking and a solid currency lends itself to a growing deposit base. In the end a strong currency is likely to support the Swiss economy over the long haul, particularly as the European Union attempts to print its way out of the sovereign debt problem and underlying banking crisis."
The Whole World Is Staring Down The Barrel Of A Gun As Global Collapse Looms
"So we have a situation where the United States, the EU, and Japan have the whole world staring down the barrel of a gun. They are forcing inflation on the entire world. You have to ask yourself: Why do the United States, Japan, and the EU have a right to do this and who benefits? Well, the answer is that the elite benefit from this policy. This a way of further enriching a tiny amount of people at the expense of everybody else in the world. This is all about enriching the elite. That’s all this is about, and the rest of the population in the world is paying for it.”"
Billionaire tells Americans to live more modestly
"After flying to Davos in a private jet with his wife, kids and two nannies, billionaire Jeff Greene, who amassed a fortune betting against subprime mortgage securities, is lecturing the rest of us to live more modestly.
“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,”... “We need to reinvent our whole system of life.”
That’s rich from the man who owns one of the most expensive residential listings in the country, a $195 million, 53,000-square-foot Beverly Hills mansion, Palazzo di Amore, with 23 bathrooms, a bowling alley and a disco with a 10,000-crystal chandelier."
WOULD NEVER LEAD BY EXAMPLE.
“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,”... “We need to reinvent our whole system of life.”
That’s rich from the man who owns one of the most expensive residential listings in the country, a $195 million, 53,000-square-foot Beverly Hills mansion, Palazzo di Amore, with 23 bathrooms, a bowling alley and a disco with a 10,000-crystal chandelier."
WOULD NEVER LEAD BY EXAMPLE.
UN: Dozens of children homeless after Israel illegally demolished Palestinian houses
"The United Nations has condemned Israel for illegally demolishing houses of Palestinians in East Jerusalem, leaving 77 people, over half of whom are children, homeless in three days.
“Demolitions that result in forced evictions and displacement run counter to Israel’s obligations under international law and create unnecessary suffering and tension,” the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in statement Friday.
“Some of the demolished structures were provided by the international community to support vulnerable families,” said James Rawley, who is also UN Deputy Special Coordinator for the Middle East Peace Process, urging Israel that the demolitions “must stop immediately”."
“Demolitions that result in forced evictions and displacement run counter to Israel’s obligations under international law and create unnecessary suffering and tension,” the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in statement Friday.
“Some of the demolished structures were provided by the international community to support vulnerable families,” said James Rawley, who is also UN Deputy Special Coordinator for the Middle East Peace Process, urging Israel that the demolitions “must stop immediately”."
Oil Climbs as Saudi King’s Death Spurs Policy Speculation
"Oil rose after the death of King Abdullah of Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries.
Futures rallied as much as 3.1 percent in New York and 2.6 percent in London after the Saudi royal court announced the death in a statement. Crown Prince Salman bin Abdulaziz will succeed Abdullah on the throne. The kingdom, the world’s largest crude exporter, led OPEC’s decision to maintain its oil-production quota at a meeting in November, exacerbating a global glut that’s driven prices lower."
Futures rallied as much as 3.1 percent in New York and 2.6 percent in London after the Saudi royal court announced the death in a statement. Crown Prince Salman bin Abdulaziz will succeed Abdullah on the throne. The kingdom, the world’s largest crude exporter, led OPEC’s decision to maintain its oil-production quota at a meeting in November, exacerbating a global glut that’s driven prices lower."
King Abdullah passes away, new ruler is Salman
"Saudi King Abdullah passed away, the Royal Court announced in a statement read on official Saudi TV early Friday. Prince Salman was named the new King of Saudi Arabia and Prince Muqrin as Crown Prince."
Yemen government resigns as prime minister warns of ‘abyss … with no law’
"Yemeni officials say the president has resigned under pressure from Shia rebels who seized the capital in September and have confined the embattled leader to his home for the past two days.
Presidential officials said Abed Rabbo Mansour Hadi resigned after being pressured to make concessions to the rebels, known as Houthis."
Presidential officials said Abed Rabbo Mansour Hadi resigned after being pressured to make concessions to the rebels, known as Houthis."
Gold above $1,300 for first time in 5 months
"The spot price has jumped by 1.5 percent to $1,303.63 for an ounce on Wednesday early trading. February futures rose by 1.2 percent to $1,292.50 an ounce on the New York Comex.
Last week the price rose by 4.7 percent for the first time since 2013. Gold has added 10 percent to its value since the beginning of the year.
Earlier this week the IMF and EBRD cut its forecast for world economic growth due to geopolitical tensions and falling oil prices."
Last week the price rose by 4.7 percent for the first time since 2013. Gold has added 10 percent to its value since the beginning of the year.
Earlier this week the IMF and EBRD cut its forecast for world economic growth due to geopolitical tensions and falling oil prices."
Switzerland stuns markets by giving up on currency peg
"Bowing to the inevitable, Switzerland has ditched an increasingly expensive policy to limit the export-sapping rise of the Swiss franc — a decision that propelled the currency a whopping 30 percent higher against the euro within minutes.
That expectation has seen the euro face intense selling pressure in currency markets, particularly against the dollar. The euro has fallen to nine-year lows against the dollar and below its launch rate in 1999."
That expectation has seen the euro face intense selling pressure in currency markets, particularly against the dollar. The euro has fallen to nine-year lows against the dollar and below its launch rate in 1999."
Like Christmas: Rush to cash in on soaring Swiss franc
"Minutes after a shock announcement from the Swiss central bank that it was abandoning the minimum rate of 1.20 francs against the euro, the safe haven Swiss currency strengthened almost 30 percent to 0.8517 against the common European currency before easing back to 1.0421.
Many Swiss residents were also rubbing their hands over their booming currency, envisioning vacations abroad and perhaps buying up cheaper real estate on the other side of the border."
Many Swiss residents were also rubbing their hands over their booming currency, envisioning vacations abroad and perhaps buying up cheaper real estate on the other side of the border."
Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US
"The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.
An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad."
An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad."
China, Switzerland sign deal on yuan trading in Zurich
"The central banks of China and Switzerland have signed a pact to establish a yuan trading center in Zurich. The deal is expected to increase the number of European transactions in yuan.
This step comes under the framework of the QFII (Qualified Foreign Institutional Investor) program that allows foreign investment in Chinese securities using foreign currencies. Similar centers already exist in Hong Kong and London."
This step comes under the framework of the QFII (Qualified Foreign Institutional Investor) program that allows foreign investment in Chinese securities using foreign currencies. Similar centers already exist in Hong Kong and London."
Bill Gates Pushes Cashless Society
"Scheme would allow government to confiscate money at will.
Bill Gates is now promoting “digital currency” in third-world countries, which will make the poor even more dependent on central banks while also turning them into guinea pigs for the development of a “cashless society” in the U.S. and Europe."
Bill Gates is now promoting “digital currency” in third-world countries, which will make the poor even more dependent on central banks while also turning them into guinea pigs for the development of a “cashless society” in the U.S. and Europe."
Big Pharma 'overcharging' poor countries for child vaccines - report
"Doctors Without Borders has released a new report blasting two top pharmaceutical companies for inflated costs of vital vaccines that have proved too steep for poor nations, recommending they adjust prices in order to save lives.
The international medical aid organization said in the report that the cost of vaccinating children in the world’s poorest countries is now 68 times higher than in 2001. Pneumococcal vaccines currently account for 45 percent of that price jump, the report noted."
The international medical aid organization said in the report that the cost of vaccinating children in the world’s poorest countries is now 68 times higher than in 2001. Pneumococcal vaccines currently account for 45 percent of that price jump, the report noted."
Bank of Canada governor's advice for jobless youth: Boost CV with unpaid work
"Bank of Canada governor recommended that jobless university graduates beef up their resumes by working for free."
HE DOESN'T UNDERSTAND THAT MAKING MONEY HELPS THE STIMULUS OF THE ECONOMY. HE'S TOTALLY OUT OF TOUCH WITH REALITY.
HE DOESN'T UNDERSTAND THAT MAKING MONEY HELPS THE STIMULUS OF THE ECONOMY. HE'S TOTALLY OUT OF TOUCH WITH REALITY.
The Economist 2015 Cover is Filled With Cryptic Symbols and Dire Predictions
LOTS OF DETAILS IN THE PICTURE.
DIRE INDEED.
Merchants of Smear (global warming smear)
"Pay no attention to the real-world climate or those guys behind the curtain, we are told. Just worry about climate monsters conjured up by their computer models …. and you should turn a blind eye to the billions of dollars in government, industry and foundation money paid annually to researchers and modelers who subscribe to manmade climate disruption claims.
None of these recipients wants to derail this money train, by entertaining doubts about the “climate crisis.” Al Gore won’t debate anyone or even address audience questions he hasn’t preapproved.
One of the main strategies – and greatest smears – of the manmade climate cataclysm movement is that Big Oil interests paid skeptical researchers to change their science to fit industry views. Therefore, the smear continues, any scientists who contest the alleged “settled science” about global warming are tainted."
None of these recipients wants to derail this money train, by entertaining doubts about the “climate crisis.” Al Gore won’t debate anyone or even address audience questions he hasn’t preapproved.
One of the main strategies – and greatest smears – of the manmade climate cataclysm movement is that Big Oil interests paid skeptical researchers to change their science to fit industry views. Therefore, the smear continues, any scientists who contest the alleged “settled science” about global warming are tainted."
Ex-Italian PM Berlusconi proposes new currency to tackle economic crisis
"Former Italian Prime Minister Silvio Berlusconi has offered to create a new currency in the country to be used along with the euro, claiming that Italy needs to restore its monetary sovereignty to overcome the ongoing economic crisis.
Berlusconi opposes the current policy of expanding taxes, stating that it can only worsen the economic situation. He said his supporters are “ready to vote for the reforms.”"
Berlusconi opposes the current policy of expanding taxes, stating that it can only worsen the economic situation. He said his supporters are “ready to vote for the reforms.”"
A soft or crash landing for Canada?
"2015 is shaping up to be the year the national housing bubble pops and Canada loses its international bragging rights to financial sobriety. But instead of learning lessons from the U.S. and other countries exposed to the brunt of the crisis, Canada patted itself on the back and reassured itself that it couldn’t happen here."
US Dollar Replacement! Finance And Liberty With James Corbett (2 videos)
"James Corbett of the Corbett Report joins Finance and Liberty in the two part series shown below, where multiple issues are addressed as Corbett explains what we are seeing on the world stage with China, oil, the global economy, and what is coming in the near future, specifically how the global economy is about to be transformed. In the first video below, Corbet delves into how the US and China are working towards a "global governance," and in the second part the US Dollar decline and replacement is explained in a clear and concise manner."
Three “Rosetta Moments” for the Global Economy in 2015
"1. Global outlook, risks, and policy actions – injecting new momentum
2. Structural reforms, infrastructure, and trade – generating more inclusive growth
3. Financial regulation, international development, and climate change – engendering more sustainable growth"
LOTS TO READ IN THIS ARTICLE
2. Structural reforms, infrastructure, and trade – generating more inclusive growth
3. Financial regulation, international development, and climate change – engendering more sustainable growth"
LOTS TO READ IN THIS ARTICLE
Green Energy Bust in Germany
"Renewable electricity is proving so unreliable and chaotic that it is starting to undermine the stability of the European grid and provoke international incidents. The spiraling cost of the renewables surge has sparked a backlash, including government proposals to slash subsidies and deployment rates. "
China and Russia to launch new credit rating agency in 2015
"The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody's, S&P and Fitch, and its first rating will be issued this year.
The new agency will be based in Hong Kong, and provide a check on the ‘Big Three’, which some analysts say don’t provide an accurate reading of economic situations.
Many securities and bonds in the US that had triple-A ratings in 2008 and were considered ‘safe’, turned out to be a bubble, revealed by the subprime mortgage crisis."
The new agency will be based in Hong Kong, and provide a check on the ‘Big Three’, which some analysts say don’t provide an accurate reading of economic situations.
Many securities and bonds in the US that had triple-A ratings in 2008 and were considered ‘safe’, turned out to be a bubble, revealed by the subprime mortgage crisis."
Russia, China mock divide and rule
"ROME and BEIJING - The Roman Empire did it. The British Empire copied it in style. The Empire of Chaos has always done it. They all do it. Divide et impera. Divide and rule - or divide and conquer. It's nasty, brutish and effective. Not forever though, like diamonds, because empires do crumble.
Russia could always deploy an economic "nuclear" option, declaring a moratorium on its foreign debt. Then, if Western banks seized Russian assets, Moscow could seize every Western investment in Russia. In any event, the Pentagon and NATO's aim of a shooting war in the European theater would not happen; unless Washington was foolish enough to start it."
Russia could always deploy an economic "nuclear" option, declaring a moratorium on its foreign debt. Then, if Western banks seized Russian assets, Moscow could seize every Western investment in Russia. In any event, the Pentagon and NATO's aim of a shooting war in the European theater would not happen; unless Washington was foolish enough to start it."
GLOBAL ECONOMIC MELTDOWN: Venezuela Supermarket Lines Swell As Shoppers Scramble To Buy Basics - National Troops Dispatched To Maintain Order! [PHOTOS]
"Lines are swelling at Venezuelan supermarkets, with some shoppers showing up before dawn in search of products ranging from chicken to laundry detergent, as a holiday slowdown in deliveries sharpened the nation's nagging product shortages."
Aussies buck environmentalists, fight to repeal global warming taxes
"Australia’s new conservative government introduced legislation that would eliminate the carbon tax and cut funding to green energy in a series of aggressive moves to scale back the country’s environmental laws.
“We have said what we mean, and will do what we say. The carbon tax goes,” Prime Minister Abbott told Australian lawmakers. “Repealing the carbon tax should be the first economic reform of this parliament.”"
“We have said what we mean, and will do what we say. The carbon tax goes,” Prime Minister Abbott told Australian lawmakers. “Repealing the carbon tax should be the first economic reform of this parliament.”"
If You Are A Baby Boomer, You Will Go Bankrupt—If You Stay In America
"... globalization has also meant that the care and services required for older people are much cheaper outside the developed world—and prohibitively expensive in the U.S. and Europe.
Which is a disaster for retirees in America. Because if you are a retiree—or if you are a Baby Boomer who will soon be retiring—then you live on a fixed income: Be it a pension or Social Security checks or an annuity or some combination thereof. So if you live on a fixed income, and the price of health care (or health insurance) is continuously rising, then it is a certainty that you will go bankrupt before you die."
Which is a disaster for retirees in America. Because if you are a retiree—or if you are a Baby Boomer who will soon be retiring—then you live on a fixed income: Be it a pension or Social Security checks or an annuity or some combination thereof. So if you live on a fixed income, and the price of health care (or health insurance) is continuously rising, then it is a certainty that you will go bankrupt before you die."
1,700 Private Jets Fly to Davos to Discuss Global Warming
"A squadron of 1,700 private jets are rumbling into Davos, Switzerland, this week to discuss global warming and other issues as the annual World Economic Forum gets underway.
The influx of private jets is so great, the Swiss Armed Forces has been forced to open up a military air base for the first time ever to absorb all the super rich flying their private jets into the event..."
The influx of private jets is so great, the Swiss Armed Forces has been forced to open up a military air base for the first time ever to absorb all the super rich flying their private jets into the event..."
OH THE IRONY.
THEY DARE TO EXPECT YOU TO PAY THEIR PROPOSED AND RIDICULOUS CARBON TAXES.
Deadly Fukushima radiation up 50,000% as elevated radiation levels seen across North America
"San Diego appears to be one of the hardest-hit areas, with a CPM reading of 650, as of October 1. This figure is 60 times higher than it was last year on the same date, despite the fact that San Diego's normal background radiation rate typically hovers around 20 CPM.
CPM: Counts Per Minute."
San Diego appears to be one of the hardest-hit areas, with a CPM reading of 650, as of October 1. This figure is 60 times higher than it was last year on the same date, despite the fact that San Diego's normal background radiation rate typically hovers around 20 CPM.
CPM: Counts Per Minute."
San Diego appears to be one of the hardest-hit areas, with a CPM reading of 650, as of October 1. This figure is 60 times higher than it was last year on the same date, despite the fact that San Diego's normal background radiation rate typically hovers around 20 CPM.
It’s official: America is now No. 2
"Hang on to your hats, America.
And throw away that big, fat styrofoam finger while you’re about it.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A."
Russia Prepares for $40 Oil
The irony is that the devaluation of the ruble creates more rubles for the budget as revenue is dependent on the oil price in dollars, but spending is in nominal ruble terms. This means the government is the biggest winner from a devaluation that simply creates more rubles to spend, albeit less valuable rubles. Although well over half of the Russian budget revenue is derived from oil taxes, it is currently running an unexpectedly large 2% federal budget surplus."
UN Seeks to Criminalize Free Speech, Citing “Human Rights”
"Under the guise of advancing what the United Nations refers to as “human rights,” the dictator-dominated global body is waging a full-blown assault on free-speech rights by pressuring governments to criminalize so-called “hate speech.” Indeed, working alongside radical government-funded activist groups and anti-liberty politicians around the world, the UN and other totalitarian-minded forces have now reached the point where they openly claim that what they call “international law” actually requires governments to ban speech and organizations they disapprove of. Critics, though, are fighting back in an effort to protect freedom of speech — among the most fundamental of all real rights."
Russia’s biggest bank launches financing in Chinese yuan
"Sberbank, Russia’s largest lender, will be the first bank in the country to start issuing credit guarantees denominated in Chinese yuan. The new yuan-based letters of credit ensure payments between buyers and sellers, with the bank acting as a router.
This will make payments for import contracts settled in yuan more seamless, the bank said..."
With Its Gold "Vaporized", A Furious Ukraine Turns On Its Central Bankers
"That, and of course, there is also that as a result of central bank "transactions" the Ukraine central bank is now essentially gold-free... has just 1% of total reserves in the form of the yellow metal."
'Green' tax to go to … corporations?
"Plan leaves companies profiting off of cities' plastics bans.
There have been many arguments from environmental pressure groups about the limited biodegradability of plastic and the trash in landfills.
... a new proposal that would ban plastic and levy a 10-cent usage fee on all paper bags will cost consumers more and benefit only large corporations."
There have been many arguments from environmental pressure groups about the limited biodegradability of plastic and the trash in landfills.
... a new proposal that would ban plastic and levy a 10-cent usage fee on all paper bags will cost consumers more and benefit only large corporations."
Gold and Central Banks – A Love-Hate Relationship
"If gold is a relic of the past then why are central banks holding so much gold? Central banks hold, if we believe official statistics, around 20% of the global gold stock. Before the gold suppressing efforts began, they were holding 70%. Since the financial crisis of 2008, they have started to buy gold again. However, if we look at a chart of gold acquisitions by developing countries, they have started buying gold just after the Asian currency crisis in 1987. It seems that all the gold sold by developed countries was bought discretely by developing countries."
Could Russia back its currency with gold?
"Russian President Vladimir Putin could bring the country onto some sort of "gold standard" to try to shore up its economy.
There is no doubt that Russia and China, plus the other Eurasian states in their sphere of influence are all accumulating gold and the indications are they see it as central to replacing the U.S. dollar for cross border trade."
There is no doubt that Russia and China, plus the other Eurasian states in their sphere of influence are all accumulating gold and the indications are they see it as central to replacing the U.S. dollar for cross border trade."
Fears of man-made global warming exaggerated
"... fears of climate change amount to propaganda and unnecessarily cause panic.
The Cretaceous period 65 million years ago was the hottest in the history of the earth. Man was not around at the time..."
The Cretaceous period 65 million years ago was the hottest in the history of the earth. Man was not around at the time..."
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