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, […]
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.
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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 […]
By BILL BONNER, CHAIRMAN, BONNER & PARTNERS on JANUARY 22, 2015
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 […]
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 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; […]
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 […]
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. 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 […]
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 […]
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 […]
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 […]
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 […]
— 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 […]
This is the compound to look for…
Website: naturalsociety.com Author credit: Christina Sarich Dated: January 24, 2015 Link: http://naturalsociety.com/vegetable-c…
Featured- We have seen the “depopulation agenda” waved away as simply a conspiracy theory time and time again, despite public statements from very high profile personalities and members of the elite, despite a government sourced website (data obtained from govt sources, the site itself isn’t a .gov site) projecting a 78 percent drop in American population by the year 2025, despite all evidence showing the agenda is real…. and […]
Featured- In what I believe to be the latest attempt to silence alternative media – the media who actually takes the time to do their job, instead of regurgitating the same old government propaganda – Facebook has started a program to filter out what they claim are fake news stories. While that may sound like a worthwhile cause, how they determine what constitutes a fake news story is pretty […]
A strange, flickering white blotch found on the dwarf planet Ceres by a NASA spacecraft has scientists scratching their heads.
The white spot on Ceres in a series of new photos taken on Jan. 13 by NASA’s Dawn spacecraft, which is rapidly approaching the round dwarf planet in the asteroid belt between the orbits of Mars and Jupiter. But when the initial photo release on Monday (Jan. 19), the […]
An asteroid the size five football fields is approaching Earth and is expected to pass by on Monday. It will be visible through strong binoculars – definitely worth getting; the next time such an asteroid could be this close again will be in 2027.
At the closest point to the Earth, asteroid 2004 BL86 will be at a distance of 1.2 million kilometers which – approximately three times the […]
Hamburg – In the Baltic States there have been recent multiple provocative maneuvers of the Russian Air Force. Russian fighter jets flew to SPIEGEL information most frequently called feints. They raced at high speed on the NATO limit to, turned until the last minute or injured even for a short time the NATO airspace.
The Western United States is not the only region of the world that is currently suffering under chronic drought conditions. The largest country in South America — Brazil — is also experiencing drought, and its biggest city is two months away from running out of water entirely.
As reported by Reuters, the Brazilian mega-city of Sao Paulo, where 20 million people reside, has about one month’s worth of a […]
This was the fourth major breakdown of the system within the past one month plunging countless cities, towns and villages in Punjab, Khyber Pakhtunkhwa and Balochistan into darkness.
A substantial area in Sindh was affected, too. The breakdown did not spare even Islamabad.
Prime Minister Nawaz Sharif took notice of the worst-ever power breakdown to have hit the country and issued instructions for the immediate resumption of power supply […]
An Oregon landowner has been subjected to a 30-day prison sentence for what he says was a simple act of collecting rainwater on his own property. CNS News reports that Gary Harrington was convicted of nine misdemeanors and sentenced to 30 days in prison, as well as slapped with a $1,500 fine, for diverting snow runoff and rainwater into three reservoirs on his property, a move that local officials […]
The recent measles outbreak in Disneyland has caused quite a stir, as the disease was thought to be nearly eradicated in the US. MSM outlets are fear mongering the public into getting the MMR shot which they claim will protect you from the disease. What they are not telling is that people who have received the CDC recommended doses of vaccine are still catching and passing on measles to […]
RT speaks to Claudio Grass. He’s the Managing Director of Swiss-based company Global Gold, which manages wealth in precious metals.