Economy

Global economy at crossroads: time to hoard cash or gold?

Cash gold

From Filip Karinja, for Birch Gold Group The global economy is at a crossroads according to Mohamed El-Erian, chief economic adviser at Allianz Global Investors. The former Pacific Investment Management Company chief executive blamed central bank asset purchases (QE) for creating a distortion between the price of assets and their fundamentals. …

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Why are the world’s wealthiest people buying gold?

George Soros gold elite world's wealthiest people

By Filip Karinja Seen as a wealth preservation asset during hard economic times and used as a monetary metal for thousands of years, gold is once again on the radar for the world’s elite. Gold is seen as a low risk safety asset and investors tend to shift their portfolio …

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Wall Street rocked by $8 billion hedge fund implosion

Jacob Gottlieb Visium

Visium Asset Management, a multibillion dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since authorities forced Steve Cohen’s controversial SAC Capital to close in 2013. A slew …

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The Federal Reserve is trapped and gold knows it

Federal Reserve gold money USD dollar interest rates

From Filip Karinja, for Birch Gold Group The Federal Reserve on Wednesday announced that it will not be raising interest rates this month. As per usual, they made the usual excuses. Highlighted this time was the abysmal payroll numbers for May, in which a mere 38,000 jobs were created, well short of the 162,000 expected. …

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Gambling Legislation in the USA

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

Gambling laws in the United States have seemingly been in a state of flux since the dawn of time and this can cause confusion for players that wish to gamble within the US. Fortunately, you have us at your disposal to offer some clarity on the constant-changing landscape of gambling …

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Major Australian bank taken to court over interest rate rigging

NAB interest rate rigging Australian bank

The corporate regulator has launched legal action against National Australia Bank for allegedly manipulating the bank bill swap rate (BBSW) 50 times. NAB said it would fight the case. Labor leader Bill Shorten jumped on the move, saying it provided further evidence of the need for a royal commission into the banks. “How …

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A ‘tsunami’ is about to hit the debt market

Tsunami city debt market bonds

A tidal wave may be coming to the bond market, and it’s not going to be pretty. At least that’s the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for …

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Stock market expert: world’s biggest economic collapse is coming

Greg Mannarino Hang The Bankers interview economy stock market collapse financial crisis

Greg Mannarino sits down with Filip Karinja to discuss a wide range of topics including the global economy, US economy, central banks, the federal reserve, interest rates, politics, money, precious metals, gold, silver, what the elite are doing and much more… Gregory Mannarino is a stock market analyst, equity strategist, …

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Former Federal Reserve Chairman: global economy is headed for disaster

Federal Reserve Chairman Yellen Greenspan Bernanke Volcker

From Filip Karinja, for Birch Gold Group In a recent interview with Fox Business, Alan Greenspan pulled no punches on the state of the economy. The former Federal Reserve Chairman believes that the United States and Europe are set to face some serious economic problems, saying that we have “a global problem of a shortage …

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