Tag Archives: economy

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5 Crypto-Currencies You’ve Never Heard Of

Since the theft of depositors in Cyprus, Bitcoin has reached amazing new heights in both popularity and value. Over a $1 billion of Bitcoins are now in circulation. People all…

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Parallel World of Finances (II)

This way the United States shies away from anything but laconic statements saying the notes denominated in hundreds of millions or even a billion of dollars seized here and there…

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Germany’s Dominant Role in the European Union

After nearly a quarter of a century since the fall of the wall, Berlin has become the uncontested centre of the continent in both political and economic terms. Only in…

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Greece Agrees to Give Up All of its Gold to Obtain Latest Bailout

The devil is in the details.  In this case, the details require Greece to give up all 111 tonnes of its gold in exchange for the latest bailout.  Which means that…

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The Fed is Now the Fifth Largest Country in the World

  With QE 3 and QE 4 firmly in place and the Fed’s balance sheet over $3 trillion, Idecided to go back and count the recap the Fed/Feds’ interventions since…

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Editorial: The Silent Economic War on India – Part 1: What is really going on with the Indian economy?

OK, so the oil price is rising steadily, along with the food price, gold price as well as the price all other commodities and still the inflation is at a…

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Argentina freezes prices to halt inflation

  Argentina has announced a two-month price freeze on supermarket products in an effort to stop spiraling inflation. The price freeze applies to every product in all of the country’s…

MSN News

Rise of China and India could spark UK ‘unrest’

Britain could see riots in the coming decades sparked by the growing prosperity of south Asia, say experts. A report published by the Ministry of Defence (mod) said many western…

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China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

The tension between Central Banks that we noted yesterday continues to worsen. This time it was China and the EU, not just Germany, that fired warning shots at the US…

COSATU Zimbabwe workers solidarity demonstration

Zimbabwe’s bank balance at $217 – minister

  After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we…

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Mass Exodus From 25 Biggest US Banks Amid Exponential Silver Demand

  US Federal Reserve has reported that a major deposit withdrawal took place last week from the nation’s bank accounts. The financial system has not seen such a fund outflow…

Gold bars, March 31, 2009. Photo by Capital MS&L

Physical Gold is Being Looted All Over the World: 1.5 Tons of Ghana’s Gold Flown Out Without Proper Documentation

Stunning facts are emerging that Ghana may have dished out a 1.5tons of gold worth almost $80 million to the People’s Republic of Iran without proper documentation. On January 19,…

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Now the Swiss want their gold back…all 1040 tons of it!!

  With last week’s announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche…

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Pentagon laying off 46,000 employees

The Pentagon has begun laying off 46,000 contract and temporary civilian employees in an effort to cut back on military spending, the No. 2 Pentagon official said on Friday. Full…

Credit: RT

World’s 100 richest earned enough in 2012 to end global poverty 4 times over

The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that…