Ecuador abandons rain forest protection to pay its China debts

“When a poor nation finds a massive oil reserve beneath a rainforest with more species per hectare than in all of North America, it makes for a nettlesome problem. When you add in a huge amount of debt to resource-hungry China, it makes for an environmental catastrophe. Ecuador thought it found a unique way to […]

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Currency Wars – Norway, Asia, Aussie – slammed and slammed hard

“A volatile day in FX – Norway’s crown, the Aussie and emerging Asia all fall sharply, while the euro hits a 2-month high. Neal Kimberley makes sense of it all. ”   Continue reading on goldsilver.com

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Bitcoin Bites – Germany recognizes digital currency as 'private money'

“Bitcoin is slowly joining the big league of currencies. Germany has become the first country to accept the digital money as legal tender – recognized in law and for tax purposes. Katie Pilbeam from RT’s Venture Capital program explains.”   Continue reading on goldsilver.com

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UK cash ends in hands of Al Qaeda

“The UK’s Department for International Development has admitted that half a million pounds of British foreign aid and equipment has fallen into the hands of al-Qaeda. The confession comes as austerity cuts have become part of everyday life in the UK, and the question if aid is the best way taxpayers’ cash should be spent […]

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Hungary pays off IMF debt, may eye EU exit

“Hungary is about to pay off its debt to the International Monetary Fund and then wants the creditor gone. The country was saved by Washington-based group with $25 bln loan five years ago but isn’t renewing the aid in order to avoid closer scrutiny of its policies. Alexey Yaroshevsky looks at how Budapest is cutting […]

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James Rickards – Fed Money Printing Won't Stop because Economy is Fundamentally Weak

“According to investment banker James Rickards, rumors of the Federal Reserve ending the money printing propping up the markets is not going to end anytime soon. Rickards predicts, “My view is they won’t. The economy is fundamentally weak. We have 50 million on food stamps, 24 million unemployed and 11 million on disability, and all […]

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PM End of Week Market Commentary – 8/17/2013

“Gold finished Friday up $14.10 on average volume to 1375, with silver up $0.25 to 23.18 on heavy volume.  The gold/silver ratio dropped to 59.31.  Silver’s 50 day MA has flattened and is beginning to turn up.  The last time silver’s 50 MA was moving up was mid-November 2012.  Silver has moved up 8 straight […]

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Bitcoin Boom? US fears digital currency may hit dollar demand

“The US is becoming increasingly concerned over virtual currencies, launching broad investigations into Bitcoin and the likes. The online currency has won official recognition with a US federal judge ruling it is real money. A Texas man, being tried for laundering billions of dollars using the Bitcoin system, challenged the court by saying bitcoins were […]

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States rally to break up big banks

“Eighteen state legislatures say that banks are not too big to break up. Lawmakers in these states are in the process of introducing legislation that calls on Congress to take on the institutions that caused the financial crisis. Maine and South Dakota have approved a Glass-Steagall resolution, while state Houses from Arizona to Illinois have […]

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Gold Demand Trends Report

“The World Gold Council’s Marcus Grubb chats about the latest global demand trends report with TheStreet’s Joe Deaux.”   Continue reading on thestreet.com

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