Category Archives: Financial

Gold Breaks Above $1300 As Shorts Cover Most In 4 Months

Almost 11% of short gold positions were covered in the last week according to CFTC Commitment of Traders’ data. That is the largest weekly drop in net shorts for four months and the combined futures-and-options net long position jumped 13,287 contracts or an … Continue reading

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25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head

It is so sad to watch one of America’s greatest cities die a horrible death.  Once upon a time, the city of Detroit was a teeming metropolis of 1.8 million people and it had the highest per capita income in … Continue reading

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China Reported Planning To Back The Yuan With Gold

Recent media reports suggest that Beijing is considering backing the yuan with gold. This decision, if taken, will likely affect China’s economy and may trigger a new wave of the global economic crisis. For Russia, however, such a scenario may … Continue reading

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This Is What We Expect in the End Game

I have had several inquiries concerning the article about JP Morgan’s transfer of its gold assets. We do not know the reason why JP Morgan has no gold left but all of the possible reasons are bad.  1. They are … Continue reading

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Alert for the second half of 2013 – Global systemic crisis II: second devastating explosion/social outburst on a worldwide scale

The 2008 shock was certainly violent, but the reactions of the system, countries and central banks with their bailouts on an unprecedented scale, managed to hide the worst consequences: downgrading of the West in general and the United States in … Continue reading

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JP Morgan Has Transferred Its Gold Assets Out of the Country

This is all that is left of JPM’s gold in the United States: More…

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Foreshadowing: Detroit and the United States

Foreshadowing or adumbrating is a literary device in which an author gives hints of certain plot developments that will come later in the story. The news story of the hour is the Detroit bankruptcy. The pundits are pointing fingers and wondering how this could have happened. The consequences of the … Continue reading

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Urban Caucus Leader Calls on Federal Government to Support Detroit

WASHINGTON, July 18, 2013 /PRNewswire via COMTEX/ — Congressman Fattah asks the President to act immediately to help the City of Detroit. Representative Chaka Fattah (D-PA), a leader of the Congressional Urban Caucus, sent a letter to President Obama today … Continue reading

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Detroit files for Chapter 9 bankruptcy

The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base … Continue reading

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SECOND DUTCH BANK TO FOLLOW ABN AMRO, CLOSE GOLD ACCOUNTS!

Rabobank has just followed in the footsteps of ABN Amro which effectively defaulted by halting deliveries of gold bullion in April, as the Dutch bank will close customers’ gold accounts effective September 1st! With the GOFO now negative for a record 8th consecutive … Continue reading

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40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade

The “coming economic collapse” has already been happening.  You see, the truth is that the economic collapse is not a single event.  It has already started, it is happening right now, and it will accelerate during the years ahead.  The … Continue reading

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A Nightmare Scenario

Most people have no idea that the U.S. financial system is on the brink of utter disaster.  If interest rates continue to rise rapidly, the U.S. economy is going to be facing an economic crisis far greater than the one … Continue reading

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Is China preparing to back the Yuan with gold?

httpv://www.youtube.com/watch?v=eskvxlgp06Q

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Treasury: Debt Has Been Exactly $16,699,396,000,000.00 for 56 Days

According to the Daily Treasury Statement for July 12, which the U.S. Treasury released this afternoon, the federal debt that is currently subject to a legal limit of $16,699,421,095,673.60 has stood at exactly $16,699,396,000,000.00 for 56 straight days. That means that … Continue reading

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Obama: U.S. Needs More Taxpayers; Calls for Fewer Babies But ‘More Immigrants’

President Barack Obama said today America needs “more immigrants” to increase the number of people who pay taxes to the federal government and to populate the national workforce. That contrasts with the arguments he made at a recent Planned Parenthood … Continue reading

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