S&P Dims Outlook on Russia to 'Negative' on Geopolitical Jitters

Hours after President Obama threatened to sanction key sectors of Russia’s economy, Standard & Poor’s downgraded its outlook on Russia on Thursday to “negative” amid fears over the economic fallout of the deteriorating geopolitical situation. The move by the ratings company underlines the financial ramifications of Moscow’s annexation of Crimea, which has slammed Russia’s equity […]

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Effort to Slow Gold Imports Is Market-Maker for Smugglers

Southeast Asia has seen a spate of gold smuggling incidents in recent months, believed to be a reaction to efforts by India, Sri Lanka and other nations in the region to discourage gold importation by imposing steep financial penalties. You could say it’s the response of the free market, which when artificially subverted from its […]

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The Fed has already squashed its most tangible tool for helping the economy

“America’s largest mortgage maker, Wells Fargo, is cutting some 2,300 mortgage production employees, Bloomberg reports. Why? Higher interest rates. Since the US Federal Reserve started talking up the taper back in May, mortgage rates—which are closely tied to yields on US government bonds—have surged. As rates have gone up, refinancing activity collapsed, killing off a […]

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Rob McEwen Interview: On Gold Prices, Gold Miners And Bitcoin

“Rob McEwen is the CEO of McEwen Mining Inc. and the founder and former CEO of Goldcorp.  He’s well-known in the gold mining industry for being innovative and being a champion of an “owner’s mentality.”  He owns 25% of McEwen Mining and pays himself neither a salary nor a dividend. He started Goldcorp in the […]

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During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve

“How would America ever survive without the central planners in the Obama administration and at the Federal Reserve?  What in the world would we do if there was no income tax and no IRS?  Could the U.S. economy possibly keep from collapsing under such circumstances?  The mainstream media would have us believe that unless we […]

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