Category Archives: Financial

Bulgarian central bank calls for jail time after bank runs require emergency liquidity

The Bulgarian Central Bank The Bulgarian National Bank today called on the country’s authorities to update the penal code to imprison anyone found guilty of spreading malicious rumours about the country’s financial system, following another weekend of turmoil in the … Continue reading

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As first US advisers reach Baghdad, Iranians and Saudis airlift weapons to opposing sides in Iraq

When the first of the 300 military advisers US President Barack Obama promised the Iraqi government arrived in Baghdad Wednesday, June 25, Iranian and Saudi Arabian arms shipments were already in full flow to opposing sides in embattled Iraq, DEBKAfile’s military … Continue reading

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Proof That Government Economic Numbers Are Being Highly Manipulated

By Michael Snyder How in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below … Continue reading

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Chairman Of China’s Largest Copper Producer Commits Suicide By Jumping From Hotel

Mr. Jianghong Wei served as Chairman and Chief Executive Officer of Tongling Nonferrous Metals Group Co., Ltd While news of high-ranking financial executive suicides in the west have become week to week news, the troubling trend has spread to Asia. … Continue reading

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GDP Disaster: Final Q1 GDP Crashes To -2.9%, Lowest Since 2009, Far Below The Worst Expectation

Remember when in January 2014, Q1 GDP was expected to rise 2.6%? Well, here comes the final Q1 GDP revision and it’s a doozy: at -2.9%, far below the -1.8% expected and well below the -1.0% second revision, it is an … Continue reading

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Singapore official discusses ‘uneasy calm’, tells banks to prepare for financial collapase

by Simon Black While just about every other central bank on the planet is giving everyone two thumbs up on the economy, the deputy chair of the Monetary Authority of Singapore (Lim Hng Kiang) said last night at a dinner … Continue reading

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Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else

Have you noticed that prices are going up rapidly?  If so, you are certainly not alone.  But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and … Continue reading

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The United States Of Debt: Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars

By Michael Snyder What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt?  Well, it is true.  When you total up all forms of debt including government debt, business debt, mortgage debt and … Continue reading

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S&P Futures Jump Almost 900%

Screen shot from CNNMoney.com on June 6, 2014. Let’s hope that this is just a computer glitch instead of foreshadowing an economic collapse today (based on their current value of the S&P for the calculation). David DeGerolamo

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Iraq, Syria, Ukraine, Iran or Pakistan?

The tipping point is long overdue. There is no need to speculate which event will become the catalyst for the next World War. Or the next American Revolution. As always, people can be divided into two sides and an apathetic … Continue reading

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Here’s why (unfortunately) the ‘shocking’ Tea Party victory doesn’t matter

by Simon Black In February 1964, a 22-year old Cassius Clay (later Muhammad Ali) faced off against a gigantic Sonny Liston, the heavyweight boxing champion of the world. Liston was an imposing opponent. I mean– this was a guy with … Continue reading

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Russia Is Actually Abandoning The Dollar

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarizationstrategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments … Continue reading

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Precious Metals Jump As China Unwind Fears Spread

While we have become conditioned to accepting the morning meltdown in gold and silver prices that occurs with all too frequent visible-handedness around 8am ET, this morning’s mini melt-up is odd for 2 reasons: 1) It’s Tuesday, which means sell … Continue reading

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Increasingly More Russian Companies Set To Drop Dollar, Switch To Chinese Yuan

As we have been reporting (and forecasting for the past several years), the Eurasian anti-US Dollar axis is rapidly taking shape, with recent events catalyzed and certainly accelerated by US foreign policy in Ukraine, which has merely succeeded in pushing Russia that … Continue reading

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Bank of America could pay at least $12 billion to settle probes

 Bank of America Corp (BAC.N) could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank’s alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people … Continue reading

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