Finance

Debtor nation: Americans pay interest on $163 billion held by top tech firms overseas
United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. [...]
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China passes India as world’€™s leading gold consumer
China has outpaced India in terms of gold consumption in 2013, with people there increasingly investing in the precious metal, according to the Thomson Reuters GFMS Gold Survey. The influential report says Chinese demand increased by 32 percent within a year, reaching 1,189.8 tons in 2013, which marks a fivefold increase since 2003, says the Financial Times. [...]
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€‹FED up? Hundred years of manipulating the US dollar
Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System - the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. [...]
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Russia follows the yellow brick road, increases gold reserves
Russia continues its gold buying spree, adding 0.3 tonnes to its 996.4 tonne stockpile, marking a nine month increase, according to the IMF’s June statistics report. [...]
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Germany to repatriate gold from US, France
Germany's Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the US and France [...]
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Bitcoin Correction: A Buying Opportunity?
The battle between Bitcoin users and investors on the one hand and central bankers on the other has been turning ugly. Anyone who follows the Bitcoin market closely cannot help but get dizzy. After racing from low $200 to low $1200s in less than two months, the digital currency dropped more than 35% in five days, and more than 50% from its all-time high two weeks ago. [...]
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Cayman Islands agrees to report US citizens’€™ offshore assets under controversial law
The Cayman Islands has signed an agreement with the United States to combat offshore tax evasion pursuant to a controversial 2010 law that has caused some notable US expatriates to revoke their US citizenship. [...]
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“China plan to quit dollar infuriates US”
An analyst says China plan to quit the dollar draws anger from Washington. Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ). [...]
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US inequality at historic high, surpassing Roaring €™20s
Recent survey shows inequality in the US is at its new peak. The richest 1 percent of the population received almost a fifth of the national households’ income in 2012, thus breaking the previous record set in 1928. [...]
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‘Not to share wealth with poor is to steal’: Pope slams capitalism as ‘new tyranny’
Pope Francis has taken aim at capitalism as "a new tyranny" and is urging world leaders to step up their efforts against poverty and inequality, saying "thou shall not kill" the economy. Francis calls on rich people to share their wealth. [...]
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US to lose out if it keeps stiffening Bitcoin regulations
Bitcoin is an indiscriminate and pure technology, with which you can be anywhere and be anybody and still be able to spend - that'€™s why it'€™s very popular in the developing world, economist Jeffrey Tucker told RT. "Bitcoiniacs" has set up the first ever bitcoin ATM. Is this pushing legal boundaries? How will the authorities view this? [...]
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Renminbi rising: China’€™s “€˜de-Americanized world”€™ taking shape?
China'€™s leadership will soon usher in bold reforms to support a domestic consumption-driven economic model, and globalizing the renminbi as an alternative store of wealth to the US dollar is at the center of the strategy. The scathing commentary published by China’s state-owned Xinhua news agency calling for a "de-Americanized world" was undoubtedly music to the ears of many in the developin [...]
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The World Is Going To End If We Don’t Raise the Debt!
This is a one way trip to collapse, your only choice is to be ware and prepared or historical roadkill. Get your Silver Bullet Silver Shield coins. Peter Schiff Warns of Economic Collapse and Martial law Collapse of the Industrial Civilization | Interview with Michael Ruppert Dollarocracy: Desecrating Democracy One Dollar at a Time | Interview with Robert McChesney [...]
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“Dollar valueless, about to crash” – World Bank whistle-blower
The US government shutdown - a temporary ailment or a symptom of a grave disease? Are the Republicans right in their move to block Obamacare spending? Who gains from the shutdown turmoil? Do the politicians care about their citizens? Our guest comes from the very heart of the banking system: Karen Hudes was World Bank lawyer when she blew the whistle on major corruption cases in the system [...]
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Russell Brand & Alex Jones: The Spiritual Revolution
Russell Brand talks to Alex Jones about humanity's spiritual revolution and the source of the elite's power. Peter Schiff Warns of Economic Collapse and Martial law Collapse of the Industrial Civilization | Interview with Michael Ruppert Dollarocracy: Desecrating Democracy One Dollar at a Time | Interview with Robert McChesney “Dollar valueless, about to crash” [...]
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Dollarocracy: Desecrating Democracy One Dollar at a Time | Interview with Robert McChesney
Abby Martin speaks with Robert McChesney, communications professor and author of 'Dollarocracy' about the money and media elections complex, and how this cycle profits from the erosion of American democracy. Democracy One Dollar at a Time /* */ Peter Schiff Warns of Economic Collapse and Martial law Collapse of the Industrial Civilization | Interview with [...]
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