750 billion dollar question: Norway voters decide future fate of massive oil...
Established in 1990 as a repository for the country’s oil profits, the Government Pension Fund has become the biggest sovereign investment body in the world, after quadrupling in value since 2005. If...
View ArticleNSA ‘Follow the Money’ branch spied on VISA customers, SWIFT transactions –...
Referring to information leaked by Edward Snowden, a former CIA employee and NSA contractor, German Der Spiegel reports that the surveillance was carried out by a branch called "Follow the Money"...
View ArticleEU tax dodgers rob poor countries of $100bn per year – NGOs
CONCORD, a group of European NGOs, called for action in its new report. It urged rich countries to stand up against tax avoidance, thereby allowing developing countries to retain their share of tax...
View Article‘Austerity belt’ proves fashionable in Germany, Merkel wins elections
Merkel’s cautious handling of the euro crisis secured her a third term as Chancellor, but she may struggle to form a strong coalition to continue her pro-Europe agenda in continuing outreach to the...
View Article10 Lessons from the Government Shutdown
Thank God the government shutdown crisis is over. Not because it averted economic catastrophe, that's still coming, but because the phony narrative was destructive. … Read More
View ArticleThe Speculative Endgame: The Government “Shutdown” and “Debt Default”, A...
The “shutdown” of the US government and the financial climax associated with a deadline date, leading to a possible “debt default” of the federal government is a money making undertaking for Wall...
View ArticleRunning of the Sheep 2013: Watch the Annual Migrations, Stampedes, Arrests...
Tapped out consumers, many struggling to make ends meet, always find a way to join their Sheeple brethren in spending money they don’t have on cheap products manufactured in slave labor camps around...
View ArticleChina’s century: ‘More and more economies will want to trade in yuan’
RT: How big of a victory is it for China that its currency has become the second-most used currency in the world, now ahead of the euro. Do you think it will continue growing in popularity? Daniel...
View Article70 percent of California doctors plan to boycott Obamacare exchanges
As states across the country work to enroll Americans in the ACA, one question that remains is exactly what kind of doctor access patients will have when their coverage kicks in. According to the...
View ArticleRussia to cancel Cuba’s $29 billion Soviet debt
Prime Minister Dmitry Medvedev agreed to write off the island’s debt during a visit to Havana in February 2013, stressing details would be finalized by the end of the year. In October, the two sides...
View ArticleLloyds Banking to pay record £28 mn for promoting mis-selling
The Financial Conduct Authority (FCA) said sales staff across Lloyds, Bank of Scotland and Halifax were pressed to focus on a certain volume of products they needed to sell, rather than on the...
View ArticleBankster Bacteria and Factory-Farmed Citizen Consumers
Max Keiser discusses crypto-currency, housing bubbles and consumerism. … Read More
View ArticleManipulations Rule The Markets
Moreover, the Fed’s outlook for the economy is mixed. The Fed says that “recovery in the housing sector slowed somewhat in recent months,” so why reduce purchases of mortgage-backed financial...
View ArticleBoxing Day to begin on Christmas as online sales kick off early
More than a quarter of respondents – 28 percent - will login to shop in the evening after the holiday festivities have calmed down, the report said. Credit card issuers in the UK say online spending...
View ArticleGreece to exit EU/IMF bailout deal in 2014 – PM
In his address on national television, Samaras said that Greece “will make the big step to exit the loan agreement" next year. “In 2014, Greece will venture out to the markets again [and] start...
View ArticleBillions in tax breaks to expire at midnight
According to the Associated Press, Congress lets this set of 55 popular tax breaks expire almost every year, only to ultimately renew them retroactively so that Americans can still benefit when their...
View ArticleLatvia joins eurozone, but half of population opposed
The euro switchover ceremony took place Jan. 1 at the HQ of the state-owned Citatele Bank – the lender reconstituted from the collapsed Parex Bank, where Latvia's worst 2008-10 economic crisis began....
View ArticleLegislation would grant Obama ‘fast-track authority’ on global trade pacts...
House Ways and Means Committee Chair Dave Camp (R) and top Senate Finance Committee members Max Baucus (D) and Orrin Hatch (R) on Thursday unveiled the Trade Priorities Act of 2014 that would require...
View ArticleMortgage crisis penalty estimated at $50 bn for ‘Wolves of Wall Street’– report
The new estimate was reported by The New York Times, citing industry insiders who are using JPMorgan Chase’s record $13 billion payout in December 2013 as a benchmark to calculate how much each...
View ArticleLatvia brings growth to the eurozone
Why mark a big event with a single ceremony when you can double the pomp? In Riga’s picturesque old town square, government ministers brandished euro notes on January 1 from a Citadele ATM....
View ArticleDay of reckoning for ‘Kickcanistan’?
The annual pilgrimage to Davos is in full swing yet there appears to be little appetite amongst the world’s top executives to address the elephant in the room: the cowardly avoidance of Western...
View ArticleBitcoin is a bubble – Nobel Laureate in Economics
"It is a bubble, there is no question about it.... It's just an amazing example of a bubble," the Business Insider quotes Shiller, talking to the World Economic Forum in Davos, Switzerland. “I’m...
View ArticleVenture Capital: Davos 2014 – Crisis Over? (E25)
http://www.youtube.com/v/hUiygzKiib4?version=3&f=videos&app=youtube_gdata See the original article here: Venture Capital: Davos 2014 – Crisis Over? (E25)
View ArticleBitcoin –‘terrorist’ currency warns Russian Central Bank
The Russian Central Bank (CBR) issued a statement late Monday warning that virtual currencies, or “money surrogates” are illegal under Article 27 of the Federal Law “On the Central Bank of the Russian...
View Article‘Competing for talent’? Barclays to cut 12,000 jobs, but raises bonuses 10%...
Barclays, one of the UK's biggest lenders, with a staff of 140,000 said it is to cut between 10,000 and 12,000 jobs globally, including 7,000 in Britain. The announcement follows the bank’s early...
View ArticleUkraine needs $35bn in aid to ‘stay afloat’ – Finance Minister
Acting Finance Minister Yuriy Kolobov said the situation is “difficult but controllable” and proposed calling an international conference of donors with the EU, the US and other countries to seek...
View ArticleFeds subpoena Bitcoin exchange MtGox
MtGox CEO Mark Karpeles issued a statement on Wednesday to reassure customers that he’s at work on resolving complications that have caused panic among the Bitcoin community in recent days. “As there...
View ArticleChina to become world’s biggest ‘billionaire club’ by 2023
The number of billionaires in China is expected to hit 322 in 2023, says the eighth annual Knight Frank Wealth Report. The increase is supported by the positive outlook for wealth creation in China as...
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Bank of America to pay $9.5 bn to US housing regulator
Under the terms of the settlement, Bank of America will make cash payments of about $6.3 billion to Fannie Mae and Freddie Mac. In addition, the bank will repurchase soured RMBS at fair market value,...
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Ukraine parliament passes austerity bill required by IMF
It took two readings of the bill for 246 MPs out of 321 registered to approve the austerity measures outlined in the legislation dubbed “On prevention of financial catastrophe and creation of...
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“No to education cuts!” Madrid rocked by new wave of student protests
The protests were called by the Students’ Union, which urged students to rally against cuts in spending on schools and universities and increases in education fees. The students also demanded the...
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Politics aside, western financiers still want to do business with Russia
“I can say one thing- that in the last few weeks I have met several bankers from the US and EU that have said they want to continue to work with us,” Kostin, the bank’s President and Board Chairman,...
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Warren Buffett won’t ‘go to war’ with Coca-Cola
The annual meeting, known as the ‘Woodstock for Capitalists’ was held in Omaha, Nebraska from May 4-5, and attendees grilled Buffett on his decision not to vote on restricting compensation packages...
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China and Russia to establish joint rating agency
“The establishment of an independent rating system is being discussed. Many countries would like to have more objectivity in the assessment of rating agencies,” Siluanov said. “There will be a...
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Russian Central Bank recommends staff surveillance
The recommendation comes after an amendment to the 2010 CBR Standard for Information Security came into effect at the beginning of June, the RBC Daily reports. In order to avoid losing valuable...
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Ukraine’s economy contracts 4 times faster in Q2 losing 4.7%
The gross domestic product of Ukraine has been falling every quarter since the beginning of 2012. Ukraine expects GDP to tumble by 6-6.5 percent this year according to Finance Minister Alexander...
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BNP Paribas suffers $5.79bn loss after record US fine
BNP Paribas reported a $5.79 billion (€4.32 billion) net loss over the three month period through June, compared to a €1.77 billion net profit reported last year. “The group has learned lessons from...
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EU sanctions some of Russia’s biggest banks, including #1 Sberbank
The list, published Thursday, includes Sberbank, VTB Bank, Gazprombank, Vnesheconombank (VEB) and Russian Agriculture Bank (Rosselkhozbank). These financial entities will be banned from raising...
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Internationalists Are Pushing The World Towards Globally Engineered Economic...
The truth is that central bankers have never tried to “quell” economic bubbles, they have been deliberately creating them in order to position the global economy into a crisis which they can then...
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The Cost of War: Ukraine’s economy to pay heavy price for offensive in the east
As long as the military offensive in the east continues, Ukraine has to further dig into its fast-depleting state coffers to support the operation. If the war continues through next year, it could...
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Putin takes control of national Military-Industrial Commission
Vladimir Putin also signed a decree on Wednesday giving presidential status to the Military Industrial Commission. The Deputy PM in charge of the weapons industry, Dmitry Rogozin, was appointed deputy...
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£25bn cuts: Osborne lays out new austerity plan, working-age benefits ‘freeze’
Speaking at the Conservative Party conference in Birmingham on Monday, Osborne said in a televised speech that the package was needed to reduce Britain’s “dangerously high” national debt, and that his...
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Video: The Death Of King Dollar: “This Could Happen As Soon As 2018″
Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve...
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Top Cyclical Forecaster: “Yes, A Mad Max Event Is Possible”
Now, what happens when either that check stops coming, or prices for essential goods like food, energy, and housing inflate to such levels that monthly checks no longer cover the costs? Visit link:...
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Obama’s credit card declined at New York restaurant
Obama revealed the slip-up as he was signing a new anti-fraud order into law on Friday at the Consumers Financial Protection Bureau. The law will make chip and pin technology compulsory on all federal...
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Neck & neck Brazil presidential race casts doubts on Mercosur, BRICS
About 20 percent of voters, who reject both candidates or seem too tired of politics to show up on October 26, are hearing desperate claims from the incumbent and her antagonist. It is likely...
View ArticleKeiser Report: Market Cycle Horrors (E670)
http://www.youtube.com/v/76YM5l1XzuQ?version=3&f=videos&app=youtube_gdata Link: Keiser Report: Market Cycle Horrors (E670)
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It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government...
The $17.9 Trillion that is our national debt? That’s so much money that we’re talking piles of cash the size of skyscrapers. Link: It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government...
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US Struggles to Keep Asia in Dark Age
US-funded newspapers promote US-funded NGOs in their efforts to halt infrastructure projects that would reduce flooding, produce clean, renewable energy, and provide jobs and development for millions....
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Economist: Financial Collapse Will Cause Civil Unrest to Erupt in America by...
Economist Martin Armstrong is predicting that rising resentment against the status quo as a result of economic inequality is likely to cause a serious political uprising before 2016. Read article...
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