Economics

Goldman Sachs Predicting $45 Oil By October

Wednesday, May 20, 2015
By Paul Martin

By James Stafford OilPrice.com Tue, 19 May 2015 Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this. Rig counts are down by nearly 1,000 (or nearly... »

China Gold Could Cause Tsunami of Dollars in US-Rob Kirby…”“People who have their net worth solely in financial assets, paper instruments, are going to witness, at some point, an extreme reduction in their standard of living.”

Wednesday, May 20, 2015
By Paul Martin

By Greg Hunter USAWatchdog.com May 20, 2015 Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton. Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West. Kirby contends, “We could be fast approaching the moment when the... »

It’s Time to Hold More Cash and Buy Gold

Wednesday, May 20, 2015
By Paul Martin

By: GoldCore GoldSeek.com Wednesday, 20 May 2015 - Bank of America advises owning gold – Markets in “Twilight Zone” transition period – Fed policy normalisation poses risks – Own gold and cash to protect against “cleansing drop in asset prices” – Data show markets disconnected from reality – Fragile system vulnerable to shock –... »

5 Banks To Plead Guilty To Criminal Rigging Charges, Pay $5.6 Billion For Manipulating Markets

Wednesday, May 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/20/2015 As the live webcast from US AG Loretta Lynch indicates, moments ago the DOJ announced five global banks including Citi, J.P. Morgan, Barclays, RBS would plead guilty to criminal charges to conspiring to manipulate FX Prices, and would pay some $5.6 billion in combined penalties to resolve a long... »

Someone Finally Read Obama’s Secret Trade Deal And Admits The TPP “Will Damage This Nation”

Wednesday, May 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/19/2015 “The public criticisms of the TPP have been vague. That’s by design—anyone who has read the text of the agreement could be jailed for disclosing its contents. I’ve actually read the TPP text provided to the government’s own advisors, and I’ve given the president an earful about how this... »

The TPP and the TTIP: How Congressional Republicans Lie to Approve Obama’s Trade Deals

Wednesday, May 20, 2015
By Paul Martin

By Eric Zuesse Global Research May 20, 2015 Obama’s trade-deals — especially TPP with Asia, and TTIP with Europe — are so vicious against the American people, the Obama Administration has labeled the documents “Classified,” and is threatening prosecution against any member of Congress who quotes from the texts; it would be “leaking classified... »

Why Europe Will Lead the Charge to Eliminate Cash – The Next Step in Global Meltdown

Wednesday, May 20, 2015
By Paul Martin

by Martin Armstrong ArmstrongEconomics.com May 20, 2015 Europe will lead the world into this Economic Totalitarianism because government is now desperate to retain the Euro. If the Euro collapses, so will Brussels. The government exists solely because of the Euro. The fatal design of the Euro is the key. The failure to have consolidated... »

China’s Richest Man Sees Half His Net Worth Wiped Out In Seconds After Bubble Stock Instacrash

Wednesday, May 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/20/2015 Li Hejun began the day as either China’s second-richest man according to Forbes, or richest, according to the Hurun Report and Le Figaro, with a fortune worth more than $30 billion. By 11am, his net worth was amazingly cut by half, and he was almost $14 billion “poorer” as... »

Greece To Tax Bank Transactions, Says IMF “Won’t Get Any Money” On June 5

Wednesday, May 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/20/2015 “A senior government official says that among the proposals discussed with the eurozone and the International Monetary Fund is the imposition of a levy on bank transactions, whose exact rate will depend on the exemptions that would apply. The aim is to collect 300-600 million euros on a yearly... »

UBS Gets Probation For Rigging $5 Trillion-A-Day FX Market

Wednesday, May 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/20/2015 UBS will pay $545 million, plead guilty to one count of wire fraud, and go on DoJ “probation” for three years for its role in forex manipulation. The market’s assessment of how things turned out for the bank: “It couldn’t have been better.” The Rest…HERE Share on Facebook »

Support Revolution Radio