Economic News

China is Now Officially the Worlds Largest Economy Surpassing The US – Webster Tarpley By Nicole Bourbaki | Financial Armageddon Webster Tarpley Historian and President of Washington Grove Institute, a think tank in Washington D.C, Webster Tarpley, discussed the conspiratorial mindset, and shared his intriguing analysis of current geopolitical and historical situations. More and more …

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First Currency Trading Center Opened on Vietnam-China Border By Want China Times China has opened a currency trading center on the border with Vietnam, the first of its kind in the country that has effectively reduced rampant and illegal private foreign exchange trading there, Shanghai’s China Business News reports. In Vietnam, it requires tens of …

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New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners By Ellen Brown On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may …

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Guess What Happened The Last Time The Price Of Oil Crashed Like This? By Michael Snyder | Economic Collapse Blog There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months.  The last time this happened was during the second …

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This Sunday May Mark the End of Western Monetary Dominance By Simon Black | Sovereign Man Walking down the streets of Constantinople in the early Middle Ages, you would have immediately felt the energy and prosperity. Constantinople was one of the wealthiest, most advanced cities in the world, and some historians estimate its population could …

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OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says By Will Kennedy and Jillian Ward | Bloomberg OPEC policy on crude production will ensure a crash in the U.S. shale industry, a Russian oil tycoon said. The Organization of Petroleum Exporting Countries kept output targets unchanged at a meeting in Vienna today even after this …

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This Is Why You Should NEVER Trust a Bank: Wells Fargo Refuses To Pay Woman What She’s Owed By Mac Slavo | SHTFplan.com The recent actions of mega behemoth Wells Fargo show us just why so many people are distrustful of large financial  institutions. The bank, which claims it will help you achieve what’s important, has done …

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Dutch Central Bank Quietly Brings 120T of Gold from US to Amsterdam By Mina The Dutch central bank has secretly brought a large part of the national gold reserves being held in a secure depot in New York back to Amsterdam. In total, 120 tonnes of gold valued at €4bn has been brought back to …

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Citigroup Said to Be Ousted From ECB FX Group for Rigging By

Banker Found Dead with Throat Slit in Apparent Suicide: Cops By Jamie Schram, Natasha Velez and Beckie Strum A prominent banker was found dead in the tub of his posh downtown apartment with his throat slashed — in what detectives suspect is a suicide, police sources said on Wednesday. Shawn D. Miller, 42, who traveled …

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Ukraine Admits Its Gold Is Gone: “There Is Almost No Gold Left In The Central Bank Vault” By Tyler Durden Back in March, at a time when the IMF reported that Ukraine’s official gold holdings as of the end of February, so just as the State Department-facilitated coup against former president Victor Yanukovich was concluding, …

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JPMorgan’s 5 Reasons To Sell USA & Buy Europe By Tyler Durden | ZeroHedge JPMorgan Cazenove’s global equity strategy group has decided enough is enough – the underperformance of the Eurozone is getting stretched (they note), and are upgrading Euro equity allocations to Overweight at the expense of an Underweight in US stocks. Here are …

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