Putin Launches Military Drill In Western, Central Russia; Ruble Drops To Lowest Since 2009

Lest it be confused that Russia has somehow forgotten about the Ukraine coup, and that it no longer concerns the bread basket (and key gas pipeline hub) of Europe a core strategic resource, moments ago Russian wire services blasted the following diplomatic summary of Russian bullish grace in a china store: PUTIN ORDERS URGENT COMPREHENSIVE […]

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Bank of America probed over government housing programme

Bank of America has revealed that federal investigators are looking into whether the bank violated certain requirements of a government housing programme. The civil division of the US Attorney’s office for the Eastern District of New York is investigating Bank of America’s compliance with the rules of the Federal Housing Administration’s Direct Endorsement Program, according […]

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A Silver Lining

As talk ramps up about putting and end to the ‘austerity’ here in the US, it should be rather clear what the intent of the establishment is with regards to the US dollar. They’re going to burn it to the ground, as is the case with every other fiat currency to this point in history. […]

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Mt. Gox bitcoin site disappears; prices fall 10%

Content on the entire site, which had been functioning earlier Monday evening, has been deleted, and accessing the site yields an answer from the site’s server but displays nothing. On CoinDesk, the price of a bitcoin fell at one point to as low as $418.76 and in recent action was off nearly 10% at $492.30. […]

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Fed’s Aid in 2008 Crisis Stretched Worldwide

WASHINGTON — Tuesday morning, Sept. 16, 2008, was perhaps the darkest time for the United States economy in modern memory — even if nobody knew it quite yet. It was barely 24 hours removed from the bankruptcy of Lehman Brothers, and a few hours before the government would rescue the insurer American International Group. Events had […]

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JPM To Lay Off 17,000 Mortgage Bankers In 2013 And 2014, Because The "Housing Recovery"

The last time JPMorga had an investor day, Jamie Dimon explained to Mike Mayo why he is richer than him (and pretty much anyone else) [4]. This year, Jamie will be more focused on explaining to 8,000 JPM workers why after firing 16,500 people in consumer and mortgage banking, the bank will now let go another 2K […]

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Gold holds near four month high on China growth, Ukraine worries

Gold prices rose on Tuesday, but was underpinned by concerns about economic growth in China and nervousness over Ukraine after acting President Oleksander Turchinov warned his country was close to default. An increase in holdings on bullion-backed exchange-traded funds also could also reflect renewed interest from investors, although bullion will have to crack key technical […]

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THE ECONOMIC ROADMAP AHEAD: It Isn't That Complicated!

ON’T BE CONFUSED BY THE MIS-DIRECTING LABELS It actually is not an “Emerging Markets” problem but rather a “Peripheral Nations” problem. The Peripheral nations are those nations who are not yet fully “Industrial” nations but rather still “Resource” nations. Industrial nations consume Resources and hence “Resource” nations are very dependent on the economies of the […]

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The Rising Global Unrest – Collapse in Marxism & Republics

For months now, protesters have been gathering in many capital cities of developing nations such as Turkey, Ukraine, Thailand, Venezuela, Malaysia, and Cambodia, among others. These demonstrations are part of the rise in tension that our model warns will spread. This is the collapse of “socialism” as I put it for there is a declining […]

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Rickards: The China bubble is bursting

Amid weaker U.S. growth and volatility in capital markets, China stands out as a beacon in the minds of many investors. It is widely assumed that China will continue to grow at about 7% without interruption and will, in time, surpass the United States as the largest economic power in the world. This China growth […]

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