Economics

Pentagon To Undergo First Ever Audit After Decades Of Sloppy Accounting And Missing Trillions

Sunday, December 10, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Dec 10, 2017 After decades of waste, overpayments, trillions of missing or improperly accounted for dollars, and most recently losing track of 44,000 US soldiers, the Pentagon is about to undergo its first audit in history conducted by 2,400 auditors from independent public accounting firms to conduct reviews across the... »

Bulgaria Government Shocked To Discover It Owns $3 Billion In Bitcoin

Saturday, December 9, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Dec 9, 2017 Bulgaria’s GDP is about $52.4 billion (2016), so it is quite a shock that the Bulgarian Government is sitting on an approximate $3 billion worth of Bitcoins seized in an anti-corruption operation back in May. Putting this into a little more glaring context, Bulgaria is holding 18%... »

Gold-Backed Bitcoin to Become New Global Monetary System?

Saturday, December 9, 2017
By Paul Martin

SputnikNews.com 09.12.2017 Amid declining public and market participant trust in central bank monetary policies and governmental meddling with the economy, the Bitcoin gold system could replace the agonizing remains of Bretton Woods. Kristian Rouz – The ongoing rally in stocks, coupled with subdued market volatility, suppressed international gold prices this week. This, combined with... »

Michael Pento: Epic Stock Market & Fixed Income Bubble Will Not End Well (Podcast)

Saturday, December 9, 2017
By Paul Martin

BY MONEY METALS THEDAILYCOIN.ORG DECEMBER 9, 2017 Coming up we’ll hear a truly explosive interview with Michael Pento of Pento Portfolio Strategies. Michael describes for us what may be coming in the bond and fixed income markets and the impact on the stock market and on gold prices in 2018. He also shares some... »

Bitcoin Has A “Whale” Problem: 1,000 Investors Control Nearly Half The Market

Saturday, December 9, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Dec 8, 2017 If Jay Gould were alive today, he would’ve traded bitcoin. Perhaps the most blatant hypocrisy perpetrated by bitcoin evangelists is their insistence that bitcoin and other digital currencies represent a return to a truly democratic financial system beyond the control of banks and other special interests, where... »

Every Recession Since 1971 Has Been Preceded by THIS – And It’s Happening Right Now…”gold is your best option”…”the sooner you move into it, the better.”

Saturday, December 9, 2017
By Paul Martin

BY BIRCH GOLD THEDAILYCOIN.ORG DECEMBER 9, 2017 Since WW2 the U.S. has witnessed eleven economic recessions. During this time economists have noticed an interesting trend: all those past recessions, except for one in 1960, were preceded by an increase in the price of oil. It’s for this reason that an increase in oil price... »

Bullion Banks Cover Massive Number Of Short Positions In The Silver Market!

Saturday, December 9, 2017
By Paul Martin

KingWorldNews.com December 08, 2017 The bullion banks just covered a massive number of short positions in the silver market! Short covering taking place in gold as well. Significant Short Covering In Gold & Silver December 8 (King World News) – As we close out trading for the week, there has been significant short covering... »

Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down

Saturday, December 9, 2017
By Paul Martin

by Wolf Richter WolfStreet.com Dec 8, 2017 $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come. Steinhoff International Holdings – which acquired nine companies in the past two years, including Mattress Firm Holding in the US, and which presides over a cobbled-together empire of retailers and... »

Russia-China real gold standard means end of US dollar dominance

Saturday, December 9, 2017
By Paul Martin

RT.com 9 Dec, 2017 The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert. In 2016, 24,338 tons of physical gold were traded, which was 43 percent... »

Taxpayers Paid Whopping Sum To Settle Sexual Harassment Case Against Florida Democrat Congressman

Saturday, December 9, 2017
By Paul Martin

by Joshua Caplan TheGatewayPundit.com December 8, 2017 Another Democrat lawmaker is embroiled in a sex scandal and guess who paid to settle the allegations? You! Next up is Congressman Alcee L. Hastings. The Treasury Department paid a whopping $220,000 to settle sexual harassment claims against the Florida lawmaker. That’s nearly one-quarter of a million... »

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