Economy

Goldman Sachs buys $5.7 billion in toxic mortgages

Goldman Sachs toxic mortgages delinquent loans

Most banks hear “delinquent loans” and run, but Goldman Sachs is not most banks. The massive investment bank is greedily betting that it can squeeze value out of delinquent mortgages with a multi-billion dollar purchase of auctioned loans that have unpaid loan balances of $5.7 billion. The Wall Street Journal reports that the investment bank …

Read More »

Paper silver contracts are being dumped on the market

Paper silver contracts

Recently I spoke with author and economic analyst John Sneisen about the astonishing breaking story that half of the daily global silver production was dumped in a matter of minutes. A massive sell-off of paper contracts! The culprits appear to be unknown but it has resulted in a 4% fall …

Read More »

Bitcoin crashes below $1000 after SEC rejects ETF

After much anticipation (and a spike to record highs earlier today), The SEC has decided to reject the Winklevoss application for a Bitcoin ETF. The SEC premise appears to be the unregulated natuire of the underlying: Based on the record before it, the Commission believes that the significant markets for bitcoin …

Read More »

Bitcoin is now officially more valuable than gold

Bitcoin gold

The price of bitcoin rallied to all-time highs on Friday, climbing above the price of one ounce of gold for the first time. The cryptocurrency was trading at $1,294, while a troy ounce of gold stood at $1,234. Bitcoin’s rally was attributed to high demand in China despite the country’s central …

Read More »

Russia returns to precious metals market, buys tons of gold

Russia precious metals market buys tons of gold

In January, Russia continued to increase its gold reserves with a large purchase of more than one million troy ounces, Vesti.ru reports. In January, Russia increased its gold reserves by 37 metric tons, equivalent to more than a million troy ounces, Vesti.ru reported on Tuesday. As a whole, Russia’s foreign reserves grew by four percent …

Read More »

The most powerful casino-themed movies

The Las Vegas Strip has become a centre for gambling in the US

Casino and gambling have always been magnetic. It promises abandoned hilarity, adventure and immersion into the world that makes you forget about daily vanity. Understandably why producers and film directors choose Las Vegas as the main movie location and gambling as the main theme of movies. And whether you are …

Read More »

Fed president: US banks have “half the equity they need”

US banks half equity

In a scathing editorial published in the Wall Street Journal today, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, blasted US banks, saying that they still lacked sufficient capital to withstand a major crisis. Kashkari makes a great analogy. When you’re applying for a mortgage or business loan, sensible banks are supposed to …

Read More »

Worst economic problems of our lifetimes coming soon – Jim Rogers

Jim Rogers economic problems lifetimes coming soon

Renowned investor Jim Rogers has forecast the next financial crisis will be the worst in our lifetime where governments and countries could “disappear” and said people should start to “get very worried”. In a podcast interview with MacroVoices Erik Townsend, billionaire commodities investor Rogers (pictured) forecast firms disappearing, in the …

Read More »

Banks ending cash to establish big brother world government – Jim Rogers

Jim Rogers cash big brother world government

Investment guru Jim Rogers, a former colleague of George Soros, has warned governments are seeking to end the use of cash to implement a surveillance state where your every expense is monitored. Jim Rogers, who co-founded the Quantum Group with globalist billionaire George Soros in 1973, noted that many governments around the …

Read More »