Economic News
The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed By Tyler Durden Following the stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank, a year later the Bundesbank followed up with a just as stunning revelation that …
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Bank Deposits Will Soon No Longer be Considered Money But Paper Investments By Kenneth Schortgen Jr This weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be …
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In the words of “V” the Guerrilla Economist, “This will be monumental. This will make Watergate look like a Sunday school picnic and Iran Contra look like a choir boy circus”.
Canada Just Abandoned US Dollar in Chinese Trade Agreement By Investment Watch Blog Canada and China have signed a reciprocal currency deal that’s expected to dramatically boost exports. The hub will foster far easier trade between the Canadian dollar and the Chinese yuan, also known as the renminbi. It makes Canada the first country in …
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Predictors of ’29 Crash See 65% Chance of 2015 Recession By Simon Kennedy In 1929, a businessman and economist by the name of Jerome Levy didn’t like what he saw in his analysis of corporate profits. He sold his stocks before the October crash. Almost eight decades later, the consultancy company that bears his name …
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San Francisco Voters Approve Minimum Wage Hike to $15 By Joshua Sabatini The more than 100,000 of San Francisco’s lowest paid workers are in store for a pay raise after voters supported raising the minimum wage Tuesday to $15 by 2018. Already the highest in the nation, San Francisco’s minimum wage will continue to have …
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The Economy Of The Largest Superpower On The Planet Is Collapsing By Michael Snyder How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think …
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American Eagle Silver Coins Sold Out as Demand Jumps By Debarati Roy The U.S. Mint ran out of American Eagle silver coins after selling 1.26 million ounces since the start of the month as futures in New York slumped to the lowest in more than four years. “Due to the tremendous demand we have experienced …
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It’s Currency War! – And Japan Has Fired The First Shot By Michael Snyder This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically increased the …
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How The Petrodollar Quietly Died, And Nobody Noticed By Tyler Durden Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency …
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Sears Layoffs Swell To 7,000, Closing Distribution Center, More Stores By Mitch Nolen More stores have been added to the tally of Sears and Kmart locations shutting down. The locations include 63 Kmart stores; 34 Sears stores; 34 Sears Auto Centers, 32 of which are associated with closing Sears stores; 1 Kmart distribution center and …
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Attempts Being Made to Suppress Russia, BRICS in International Arena By ITAR-TASS Attempts are being made to suppress in the international arena not only Russia but the entire BRICS developing-nation assembly of Brazil, Russia, India, China and South Africa, Russian experts said on Wednesday. “The current situation shows that there are attempts to suppress not …
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Michigan Granted $3 Billion in Special Tax Credits to Big 3 Automakers By Tom Gantert The state of Michigan granted more than $3 billion in combined tax breaks and cash subsidy deals to General Motors, Ford and Chrysler in the final years of former Gov. Jennifer Granholm’s tenure, which helped make this state among the …
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Disorderly Reset Coming – Dollar Goes to Zero By Greg Hunter Wealth preservation expert Egon von Greyerz is not bullish on the U.S. dollar. Greyerz explains, “More and more countries are trying to go away from the dollar, and I think the days of the dollar are counted. I think the dollar is going to …
A Storm of Global Events Is Threatening to Push Gold and Silver to Record Highs By Joshua Krause Earlier this week, Mac Slavo reported on an interview conducted with the CEO of Future Majestic Silver Corp, Kieth Neumeyer. In it, Mr. Neumeyer proposed a brilliant way to put an end to the blatant manipulation of …
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