Category Archives: Financial

Durable Goods Orders See Biggest Drop Since July ’13

Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook. The Commerce Department said on Tuesday durable goods … Continue reading

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Russian Bank Halts All Cash Withdrawals

It would appear the fears of a global bank run are spreading. From HSBC’s limiting large cash withdrawals (for your own good) to Lloyds ATMs going down, Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has … Continue reading

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China’s $500 million shadow bank rescue

When is default a good thing? That’s the question being asked in China, where the murky rescue of a high-yield fund appears to have prevented a default that would have cost investors millions and undermined faith in the country’s financial … Continue reading

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Cruz: Obama should apologize and ‘fix’ ObamaCare

httpv://www.youtube.com/watch?v=EXnGWP88vnc

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Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

This time, the Federal Reserve has created a truly global problem.  A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets.  But now that the … Continue reading

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Another Currency Bites the Dust

The currencies of Turkey, Venezuela and Argentina collapsed last week. Ukraines currency collapsed today. Expect Greece, Italy and Spain to follow shortly.  David DeGerolamo Ukrainian Currency Plunges As Justice Minister Set To Call For “State Of Emergency” Following the rejection of … Continue reading

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How Badly Do You Want to Believe?

The story on Forbes concerning ” that China’s commercial banks had been instructed by the PBOC to halt cash transfers” was debunked on Zerohedge. Why did this story gain traction and spread quickly across the Internet? 1. The story was on Forbes. … Continue reading

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Willem Middelkoop Interview: The Big Reset

httpv://www.youtube.com/watch?v=Cbq0Lh0SV1A From YouTube: Willem Middelkoop is interviewed for his new book The Big Reset by Ronald Koopman on Dutch TV network RTLZ. Synopsis of The Big Reset: Now five years after the near fatal collapse of world’s financial system we … Continue reading

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FEDERAL GOVERNMENT FORCING EMPLOYEES 401K FUNDS INTO TREASURIES?

The statement below shows the distribution as of 12/31/2012 on top and then future contributions starting 1/1/2013 going 100% to government securities underneath. From Silver Doctors: I just heard from a friend of mine that who worked for the Social … Continue reading

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THE ‘EARTH-SHATTERING’ NEWS RUSH LIMBAUGH SAYS THE MEDIA IGNORED, BUT YOU NEED TO KNOW

httpv://www.youtube.com/watch?v=rktup9gQJuo Conservative radio host Rush Limbaugh expressed disgust, though not shock, that the mainstream media ignored an “earth-shattering” story out of Wisconsin that “should have caused a political earthquake.” The state of Wisconsin’s unemployment rate is “rapidly falling” and the … Continue reading

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New Study Based on North Carolina’s Policies: Unemployment Benefits Weaken Economy

New academic research released last week showing that extending unemployment benefits is a net economic drag could strengthen the conservative case against extending those benefits at the federal level. Congress allowed benefits for the long-term unemployed to expire at the … Continue reading

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Wal-Mart’s cuts 2,300 jobs at Sam’s Club

Wal-Mart Stores Inc (WMT.N) said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam’s Club retail warehouse chain, its biggest round of layoffs since 2010. The action follows a lackluster U.S. holiday season and … Continue reading

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HSBC imposes restrictions on large cash withdrawals

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4’s Money Box they were stopped from withdrawing amounts … Continue reading

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Rick Santelli on the State of the World’s Stock Exchanges

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JPMorgan’s Gold Vault Has Biggest One-Day Withdrawal Ever

Curious why over the past few months JPM has quietly been accumulating a substantial amount of eligible physical gold (even as its registered gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K … Continue reading

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