Iran Ditches US Dollar: Joins Growing List of Countries Dumping Dollar In Foreign Trade

Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. “In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency.

The official added that Iran was considering bilateral currency swap agreements, […]

Winter Storm Juno has been named, and this one could be huge for the Northeast:

Winter Storm #Juno has been named, and this one could be huge for the Northeast: http://t.co/N3RpwTg5qD pic.twitter.com/azpSoQBX0y

— The Weather Channel (@weatherchannel) January 25, 2015

Winter Storm Juno will be a major snowstorm for the Northeast Monday and Tuesday. Blizzard watches have already been issued for parts of southern New England and Long Island.

Juno was named by the winter storm naming committee at The Weather Channel on Sunday […]

The global economy has degenerated into one massive currency war. This is not sustainable nor a rising tide that lifts all boats…

Europe just started waging currency war on the U.S.

U.S. hedge fund manager Ray Dalio pointed out in Davos yesterday that talk of purposeful currency devaluation to make up for an economy’s inefficiency — the engine of currency wars — is a “conversation that is not polite to have.” He is, perhaps, a little behind the times. World leaders increasingly feel comfortable talking openly of their plans to drive down exchange rates.

Italian […]

With so much uncertainty, one thing is certain: gold has stood the test of time as the ultimate form of money and is recognized globally as a store of great value.

Start accumulating Real Gold Money Today: http://RealGoldMoney.com

Gold is now one of the hottest commodities in the global financial markets, thanks in large part to a series of fundamentally bullish events. The precious metals complex was first lifted past 1300 by a surprise announcement by the Swiss National Bank, which stated that it will discontinue its policy of artificial currency devaluation and thus triggering radical strategy adjustments amongst the […]

Auto sales have become the latest subprime finance scheme: Auto buyers will be underwater… in their cars. They have, in effect, “taken out” the equity from their wheels just as they once did their bedrooms.

By BILL BONNER, CHAIRMAN, BONNER & PARTNERS on JANUARY 22, 2015

Source: Wikimedia

Dear Diary,

The best things in life are free But you can keep them for the birds and bees Now give me money That’s what I want

– “Money (That’s What I Want)” by Berry Gordy

We have high hopes for 2015. It is starting off so well. Only three weeks in and […]

On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days.

Central banks are in combat mode.

On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days.

Central bankers may say they’re ramping up the fight against worryingly low inflation, exacerbated by the dramatic plunge in oil prices. But the immediate, and perhaps most effective, impact of the […]

Chris Martenson’s predictions: Peak central bank credibility; Trillions of unregulated, interest-rate sensitive derivatives are threatening to topple the global economy; over $250 trillion of CDS sit on the top 5 US bank’s balance sheets.

Chris Waltzek, Goldseek Radio, Released on 1/22/15

Dr. Martenson says price forecasting has been compromised by market intervention. Nevertheless, manipulation schemes will come to an abrupt halt in 2015-2016; he’s coined a new phrase to describe the event: peak central bank credibility, which will mark the zenith of totalitarian control and a new beginning of personal freedom. Trillions of unregulated, interest-rate sensitive derivatives are threatening to topple the global economy; […]

DRAGHI/MERKEL BREAKING…..SPLIT GOING PUBLIC AS MUTUAL SUSPICION BETWEEN GERMANY & ECB BOSS GROWS

BY JOHN WARD

No longer in step, the two powers in Europe must clash – or the Eurozone will become a de facto Dollar colony

As a senior Russian banker hinted yesterday that Russia is building a global alternative to the Swift bank-transfer system, Angela Merkel has allegedly been telling David Cameron that she thinks the Draghi QE “a very, very bad thing”.

Merkel is the last person on […]

This chart says the next recession is approaching

From Tom McClellan’s Chart in Focus:

Last week I wrote about how big federal deficits are good for the stock market. They are bad for total indebtedness that we are leaving for our grandchildren to deal with, but they are great for stock market investors. In a similar way, when there is a very small deficit or even a surplus, it tends to be a big negative factor for […]

Earning for US companies continue to decline.UPS takes a hit this holiday season as earning drop. US manufacturing slows. Baltic dry index falls again. Existing home sales fell 3.1% in 2014.

Earning for US companies continue to decline.UPS takes a hit this holiday season as earning drop. US manufacturing slows. Baltic dry index falls again. Existing home sales fell 3.1% in 2014. Bill proposed to allow non citizens to vote. Ukraine pushing war agenda and keeps the shelling up against Donetsk region. Yemen government has fallen and the propaganda begins with the Islamic State gaining ground in Yemen. The Islamic […]

Caution: Cartel Setting Up PM Classic Raid On Next Week’s FOMC?

In this week’s Metals & Markets, The Doc & Eric Dubin break down the ECB’s massive €60 billion a month QE announcement Thursday, and discuss whats next for the global markets and gold & silver in particular:

Gold & silver’s strong January continues with silver $4 off its lows and gold nearly $200 off its December lows Cartel setting metals up for a Classic Gold & Silver raid on next week’s options […]

Global downsides: 1 high debt; 2 Lack of growth and deflation; 3 Fragile EM; 4 Technology displacing job: 5. Rising inequality…

Rajan: “Today, debt is making it difficult for developed countries to resume pre-2008 growth rates” http://t.co/hi4QoAqSA8

— Project Syndicate (@ProSyn) January 18, 2015

Today, debt is making it difficult for developed countries to resume pre-2008 growth rates, let alone restore the levels of GDP that would have been attained if the subsequent Great Recession had not happened. Meanwhile, industrial countries’ overall debt/GDP ratios are continuing to grow.

In emerging […]

It is so easy to poke holes in the government/media storyline of economic recovery. Government data is like the American Dream, you’d have to be asleep to believe it.

by James Quinn

I tend to ignore most of the data spewed by the government and regurgitated by the compliant MSM. I saw the blaring headlines about housing starts hitting seven year highs, blah, blah, blah. The cheerleaders in the MSM sure did make it sound like things were rosy in the housing market. Yippee. They don’t mention that 30% of all the starts are for apartments, because young people […]

$43.50 Hot Dogs And $55.00 For A Chicken Caesar Salad At Davos

Full of global leaders, policymakers, business gurus and the odd music star, the attendees at the World Economic Forum (WEF) at Davosaren’t short of a dollar or two. But they might well be at the end of the week — with some of the food prices around town proving to be a little hard to stomach.

At the posh Steigenberger Grandhotel Belvédère, a conference hotspot, even humble menu items can […]

Staggering Amount Of Debt Throughout The World. The Cause? War Is At Our Footsteps, And Countries Splurge To Do Whatever It Takes to Win

pic.twitter.com/uiT7ArqfWb

— trutherbot (@trutherbot) January 20, 2015

Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region

Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]

An approaching blizzard could bring the east coast to a stand still

An approaching blizzard could bring the east coast to a stand still http://t.co/VxQqlPEgsD pic.twitter.com/zdq3sV5L4i

— Business Insider (@businessinsider) January 25, 2015

The snow is expected to expand and intensify across New England throughout Monday and Monday night, pushing into Canada during the day on Tuesday.

“The worst conditions in eastern New England can be expected late Monday night through Tuesday morning,” said AccuWeather.com Meteorologist Ben Noll.

Noll continued […]

In Turkey, only 19% have a favorable view of the U.S.

In Turkey, only 19% have a favorable view of the U.S. http://t.co/YcoooqpnLm pic.twitter.com/lCOyIbaqAw

— Conrad Hackett (@conradhackett) January 25, 2015

‘REDISTRIBUTION’ speech: Obama saw welfare recipients as ‘majority coalition’! Adding more..

‘REDISTRIBUTION’ speech: Obama saw welfare recipients as ‘majority coalition’! Adding more.. http://t.co/HHLt73DOd9 pic.twitter.com/Ep6fYYum5P

— Texas Bill (@PMgeezer) January 25, 2015

The Daily Caller has obtained a complete audio recording of the October 19, 1998 Loyola College forum on community organizing and policymaking during which a future President Barack Obama said he favored the government redistribution of wealth. The audio demonstrates the context of that remark and reveals other far-left […]

“Courage Is Contagious. When a brave man takes a stand the spine of others are often stiffened.” Billy Graham

"Courage Is Contagious. When a brave man takes a stand the spine of others r often stiffened." Billy Graham #tcot pic.twitter.com/oaeTH2DGHs

— Amy Mek (@AmyMek) January 23, 2015

If we trust our military w/ weapons overseas shouldn’t we trust them here, at home!

If we trust our military w/ weapons overseas shouldn’t we trust them here, at home! http://t.co/kiaElol9VA #tcot #2A pic.twitter.com/N89h7UG7Iq

— Amy Mek (@AmyMek) January 24, 2015

In the summer of 2009 I had the pleasure of traveling to London. The first thing I noticed was how kind the people were. Just like everyone else living day-to-day, and working for their families. Another thing I noticed was some of […]

California Police Correctional Militarization Training Schedule

http://www.cdcr.ca.gov/employee_resou…

http://www.cdcr.ca.gov/Employee_Resou…

RED ALERT! U.S. Sending Troops to Ukraine

http://us.sputniknews.com/us/20150123…

BILL GATES on Global Wealth Inequality

BILL GATES on Global Wealth Inequality

When the great and the good met at last year’s Davos event to discuss the major global challenges to prosperity and well-being, it was clear that one theme dominated all others – inequality.

But has anything changed since then? Before last year’s event, Oxfam found that 85 people have as much wealth as half of the world. This year that figure has been […]

BREAKING: Blizzard watch now includes the NYC metro and northeast New Jersey for Winter Storm Juno

BREAKING: #Blizzard watch now includes the #NYC metro and northeast New Jersey for Winter Storm #Juno pic.twitter.com/MHmW3FywAf

— The Weather Channel (@weatherchannel) January 25, 2015

@Lori1080 @weatherchannel ???? pic.twitter.com/pud8ngJytu

— meghan??Donniegirl?? (@megharris_23) January 25, 2015

If you live in the Northeast, it’s time to prepare for a MAJOR winter storm. Details here:

If you live in the Northeast, it's time to prepare for a MAJOR winter storm. Details here: http://t.co/3QJaQtykWo pic.twitter.com/gdFnZq9B9Z

— The Weather Channel (@weatherchannel) January 25, 2015

Winter Storm Juno will be a major snowstorm for the Northeast Monday and Tuesday. Parts of the region could see blizzard conditions and more than a foot of snow.

Blizzard watches have already been issued for parts of southern New England and […]

Big Fat Greek Voting: Country goes to polls amid Grexit concerns

It’s a big day for Greece – people are filing into polling stations to cast their ballots to decide the country’s future. Maria Finoshina reports on what’s making this general election even more important than normal.

Could be a high impact event on Monday night/Tuesday for the Northeast. Check local WFO for warnings

Could be a high impact event on Monday night/Tuesday for the #Northeast. Check local WFO for warnings #blizzard #snow pic.twitter.com/Gx7lzLTE10

— NWS WPC (@NWSWPC) January 25, 2015