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A record number of individuals renounced their American citizenship or residency in 2014, according to the Treasury Department – a total of 3,415 people. This number is 14% higher than last year, which was also a record year that clocked in 2,999 new expatriates. While there is no definite way to know why these numbers are […]
Alan Greenspan has predicted that Europe is not going to continue to loan money to Greece. He believes this will lead to Greece exiting the euro, and possibly the eventual dissolution of the euro entirely. Axel Merk agrees that Northern Europe is ready to abandon Greece. He gives an excellent, in-depth explanation of the Greek […]
At the end of January, Senator Rand Paul re-introduced the “Audit the Fed” bill first promoted by his father, Ron Paul. If passed, the bill would hopefully make the Federal Reserve more transparent by opening it to a direct audit from the Government Accountability Office (GAO). The Fed has been legally exempt from GAO audits […]
Gallup CEO Jim Clifton caused big waves across the media on Tuesday when he published an article calling the official government unemployment number of 5.6% a “big lie.” Clearly the powers that be were not pleased with the criticism. The very next day, Clifton appeared on CNBC to qualify his statement. In an almost Orwellian […]
Jim Clifton of Gallup, CEO of one of the largest public polling companies in the world, has published a severe indictment of the official unemployment data reported by the United States Department of Labor. Obama and Wall Street cite the 5.6% unemployment rate as a triumph of the American economic recovery, while conveniently ignoring the […]
The London Gold Fix is a nearly 100-year-old price-setting system for the international price of gold. Beginning in March, one or more Chinese banks may be included in the pool of fix participants for the first time ever.
German Central Bank Continues Gold Repatriation Bundesbank – Germany’s central bank, the Bundesbank, increased its transfer of foreign gold reserves back into Germany in 2014, bringing 120 metric tons to Frankfurt. 85 of those tons came from the New York Federal Reserve. This repatriation process began in January 2013, when the Bundesbank announced a plan […]
The Chinese yuan became one of the top five payment currencies in the world in November, according to the latest data from SWIFT, one of the largest international interbank transaction companies. The yuan jumped from seventh to fifth place, overtaking the Australian and Canadian dollars. With the yuan accounting for 2.17% of global payments, it […]
Russia has added more gold to its foreign reserves, making December the ninth month in a row that it has bought the yellow metal. Russia’s gold holdings are now the largest they’ve been in two decades, according to the International Monetary Fund. Smaller countries have also been stocking up on the yellow metal. Kazakhstan added […]
The World Gold Council has released a fascinating new report on Turkish gold demand and gold culture. Many gold investors are aware that China and India have been the top gold consumers in the world, but Turkey has a thriving gold economy as well. In fact, Turkey is the world’s 4th largest gold consumer, and […]
