LATEST NEWS: A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk

This is the month when the future of the eurozone will be decided.  This week, Greek leaders will meet with European officials to discuss what comes next for Greece.  The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout.  Officials from other eurozone […]

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LATEST NEWS : We Are So Not Prepared For Another Oil Shock

In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still play a role in the timing and shape of the next financial crisis. The housing/derivatives bubble […]

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LATEST NEWS : Russia can switch to payments with India, China in national currencies crushing dollar amid sanctions – experts

Experts believe that the wish of the West to restrict Moscow’s cooperation with Brussels and Washington will play into the hands of the Russian economy. Wisdom and presence of mind are two components that will guarantee success for a new spiral of Russia’s cooperation with eastern countries. Also, this will allow us to counter-balance the […]

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The Euro Is Tanking

“European Central Bank president Mario Draghi spoke at his monthly press conference about the central bank’s decision earlier today in which it announced no new change in policy, and the euro is now sliding against the dollar. The exchange rate peaked above $1.3630 just after 8:30 AM — when Draghi’s presser began — and is now trading […]

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Draghi faces deflation threat as ECB, BOE meet

“The BOE will release its decision at 7 a.m. Eastern. The central bank doesn’t normally release a statement when there is no change in policy, but central-bank watchers say that the BOE could be compelled to do so in light of the rapidly falling unemployment rate and what it means for U.K. interest rates. The bank […]

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Dollar rises as investors wait for FOMC minutes

The European Central Bank and the Bank of England will release monetary-policy decisions on Thursday and investors are also watching for December’s jobs report on Friday. The events later in the week left the foreign-exchange market without much news to digest on Tuesday, said Adam Cole, global head of foreign-exchange strategy at RBC Capital Markets in London. […]

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Who Really Makes The Most Money

Of the 25 companies with the largest corporate profits in the world, banking, energy and technology firms are absolutely ranking it in. Collectively, they made $567,856,000,000 in 2012 alone. And that’s only 25 of the most profitable companies in the world. Let’s put all that cash into perspective. That enough money to … continue reading at goldsilver.com […]

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Central banks will move goal posts to keep QE forever

LONDON (MarketWatch) — Forget the reforms in China, whether the euroEURUSD +0.14%  survives, or whether Apple AAPL +0.52%  ever gets around to launching that incredibly expensive watch that sends e-mails, plays games, and possibly even tells you what time it is. Right now, there is only one thing that really matters to the markets. And that is whether central banks […]

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Inflation is Raging – If You Know Where to Look

Most people – certainly most governments and economists – define inflation as a general rise in prices. But this is wrong. Inflation is an increase in the money supply, of which a rising general price level is just one possible result – and not the most common one. More often, excessive money creation shows up […]

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Profound Cosmic Wisdom (PCW) Revealed

Gearing up for Thanksgiving dinner, I am not going to be caught interpersonally unprepared this year, and am compiling some handy notes that I can use in the inevitable awkward family conversations, such as somebody remarking “Boy! There are some good smells coming out of the kitchen!” This year I can keep the conversation ball […]

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