On January 1st, 2016, a new bail-in system will go into effect for all European banks which means that, if you have more than 100,000 euros in a European bank right now, you are potentially on the hook should that bank go under. In the U.S. the Federal Reserve recently adopted a new rule that limits its ability to lend emergency money to banks. Is that the first step to European style bank "bail-in" legislation being enacted in America?
Read More »Coming Stock Market Crash Will Mirror Debacles Of 2001 & 2008 (+3K Views)
Given that this imminent recession will begin with the stock market flirting with all-time highs, the next stock market crash should be closer to the 2001 and 2008 debacles that saw the major averages cut in half.
Read More »What’s Next For Gold – $5,000/ozt. OR $250/ozt.? (+2K Views)
Gold may well get as high as $5,000 one day – in the next great 30-year commodity cycle - but you may be dead before that day comes! Here's why.
Read More »Currencies of These Countries Have Been Replaced By, or Pegged to,the U.S. Dollar (1.8K Views)
It is the size, stability, and liquidity of a country’s financial markets that are the major underlying factors to determine the strength of a reserve currency and, as such, the U.S. dollar is the world’s most dominant reserve currency, making up about 64% of all official foreign exchange reserves. The USD is so dominant, in fact, that more and more countries around the world are pegging their currencies to the dollar as illustrated in this video.
Read More »$ – The American War Machine – $ (+3K Views)
The American War Machine has been meticulous over the years in deliberately obfuscating and confusing any discussion by wrapping all things military in the flag, patriotism, protecting and advancing the ideals of American democracy as it is articulated, not practiced.
Read More »Under 30? Then Get Out of Dodge! Here’s Why & What to Do (+2K Views)
If you’re under 30 the old playbook of “go to school, get a good job, work your way up the ladder” doesn’t apply anymore. Here's why and what to do about it.
Read More »News Flash! Zimbabwe To Adopt China’s Yuan As Its Official Currency (+2K Views)
In an unprecedented move that signals China’s growing global influence, Zimbabwe has announced that it will adopt the Chinese currency as legal tender as it seeks to increase trade with Beijing.
Read More »33 Indications That Prove the Only Way is UP for Bitcoin (+2K Views)
The uptake & dollar value of Bitcoin has grown rapidly over the past 3 months - almost doubling its value. For 33 indicators that prove the only way is up for Bitcoin, check out our infographic below.
Read More »These 5 Currencies Closely Track Specific Commodities
For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of resources, in turn weakening their currencies. What most people don’t realize, however, is just how closely some currencies track certain commodities. Below are five world currencies that have been impacted by lower commodity prices.
Read More »Debt Clock Updates By Country: How Much Does Your Country Owe? (+2K Views)
http://www.usdebtclock.org/ keeps running real time totals of estimated U.S. national debts and assets. Take a look! Links to debt clocks of other countries provided too.
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