Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Kevin Rudd ousts Australia Prime Minister Julia Gillard … Kevin Rudd is more popular with voters than Ms Gillard … He won 57 votes in a leadership ballot of Labor MPs and senators called by Ms Gillard, who received 45 votes. The change comes ahead of a general election due in September, which polls suggest Labor is set to lose. After the vote, Ms Gillard confirmed she would stand by a...Read More
Pensioners living on pocket money as savings crisis hits millions … Pensioners-living-on-pocket-money-as-savings-crisis-hits-millions … Almost two million retired adults in the UK have less disposable income than the average 11 year-old, as Britain's savings crisis creates a generation of "pension paupers". A new survey last night said 15 per cent of men and women in reti...Read More
How Much Beanie Babies Were Predicted To Be Worth Vs. How Much They're Really Worth … The 1998 edition of the Scholastic Beanie Baby Handbook listed the original price of Beanie Babies when they were first released, how much they sold for in 1998, and their estimated price in 2008. Beanie Babies were supposed to be a good investment. From page 27 of the book: " Basically, if you can...Read More
Mark Carney: golden chance for return to prosperity beckons … Mark Carney has a golden opportunity to rescue Britain. The incoming Bank of England Governor has the Chancellor squarely behind him, a public desperate for new ideas to bolster the recovery, and a suite of powers to make rival central bankers jealous. With no ties to the UK, he doesn't need to curry political favour or burnis...Read More
The Federal Reserve's Framers Would Be Shocked … ONE hundred years ago today, President Woodrow Wilson went before Congress and demanded that it "act now" to create the Federal Reserve System. His proposal set off a fierce debate. One of the plan's most strident critics, Representative Charles A. Lindbergh Sr., the father of the aviator, predicted that the Federal Reserve A...Read More
76% of Americans are living paycheck-to-paycheck … Roughly three-quarters of Americans are living paycheck-to paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency...Read More
BIS fears fresh bank crisis from global bond spike Soaring bond yields across the world threaten trillion of dollars in losses for investors and a fresh financial crisis unless banks are braced for the shock, the Bank Settlements has warned … Marcus Nunes from the Fundação Getúlio Vargas in São Paulo said the report "reeks of Austrianism", referring to t...Read More
The global middle class awakens … Marko Djurica Alper, a 26-year-old Turkish corporate lawyer, has benefited enormously from Prime Minister Recep Tayyip Erdogan's rule. He is one of millions of young Turks who rode the country's economic boom to a lifestyle his grandparents could scarcely imagine. Yet he loathes Erdogan, participated in the Taksim Square demonstrations and is taking...Read More
Ellen Brown has written what will become one of THE most important books of our time. She eloquently educates us on how the democratization of money is the very foundation of a free society. Ellen brilliantly shows how money can be the current or currency that facilitates the spiritual experience of manifesting our collective intentions for a better world. Her book is an absolute game-changer and...Read More
Bitcoin Foundation Receives Cease And Desist Order From California … Directly following last month's Bitcoin 2013 conference event in San Jose, CA that brought decent revenue into the state, California's Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmissi...Read More
Global Surveillance: The Public Must Fight for its Right to Privacy … The British-American surveillance program Tempora marks a historic turning point. Unnoticed by the public, intelligence agencies have pursued total surveillance. Governments have deliberately concealed from the public the extent to which we are being watched. The term, "information superhighway" has always been i...Read More
Viewpoint: The Food Network Should Give Paula Deen Back … Paula Deen grew up in Georgia. In the fifties. Her world was the one depicted in The Help, in which black people's status as lesser beings was casually assumed. So, who is really surprised that she has used the N-word in her life? It would be downright strange if she hadn't, and we can assume the same of pretty much any white...Read More
Does the HPV vaccine work? … Vaccinating pubescent girls with the Human papillomavirus (HPV) vaccine Gardisil holds no guarantee that they won't get cervical cancer as adults. "It will provide some years of protection from HPV infection, but there is nothing to say that cancers will be prevented." The frightening claim was made by Dr Diane Harper, a well known US researcher and...Read More
Time to sober up as America and China remove punch bowl … The US Federal Reserve has refused to blink. The Chinese central bank has refused to blink. The authorities in the world's two biggest economies appear determined to strike a blow against moral hazard and clear the froth in asset markets, at least until this exhibition of virtue blows up in their faces. The term "Perfect Stor...Read More
Bernanke sets major challenges for his successor … Now comes the hard part. Fed Chairman Ben Bernanke's announcement that if the conditions are right he will wean the U.S. economy off quantitative easing within a year has already caused consternation in the stock market. Pumping money into the system by buying back government bonds at the rate of $85 billion a month has lately done littl...Read More
What Would You Ask Ben Bernanke If You Had the Chance? … So here's the picture: You're sitting in the psychiatrist's chair, legs crossed and notebook ready. Across from you is Ben Bernanke, the chairman of the Federal Reserve and probably the most influential person in the world when it comes to financial markets and the economy. Your mission is to find out what makes him tick, t...Read More
China Money Rates Retreat After PBOC Said to Inject Cash … China's benchmark money-market rates retreated from records after the central bank was said to have made funds available to lenders amid a cash squeeze. The one-day repurchase rate dropped 384 basis points, or 3.84 percentage points, to 7.90 percent as of 9:33 a.m. in Shanghai, according to a weighted average compiled by the Nati...Read More
Trusting in our new security state … Big data? No. Vast data, enormous data, unimaginably colossal data ties our world together. Some have said it also ties us down, since departments like the National Security Agency are combing through a part of our huge reservoir for intelligence on foreigners who might threaten the U.S. Yet this behavior is now the status quo, one that will not go away,...Read More
Twice As Many Turn Out at DC Tea Party Rally Than See Obama in Berlin … The Tea Party Patriots held their Audit The IRS Rally today on the West Lawn of the US Capitol. Speakers included: Sen. Rand Paul, Sen. Ted Cruz, Glenn Beck, Rep. Michele Bachmann, Jenny Beth Martin, Rep. Steve King, Rep. Dave Camp, Rep. Louie Gohmert, Rep. Jim Jordan, Rep. Tim Huelskamp, Dana Loesch, Jim Hoft, Niger Inn...Read More
No Taper Tipoff: Fed Keeps the Easing … The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close. At a news conference, the central bank chief said if the economy continues to improve the asset-purchasing program could start winding down towards...Read More