Economy

IMF warns Federal Reserve not to raise rates

IMF Federal Reserve not raise rates

The International Monetary Fund has recommended that the US Federal Reserve abstain from any interest rate hikes in the near-term, a recommendation which was subsequently rebuffed by the Fed due to fundamental disagreements over how to approach economic policy. Kristian Rouz — The International Monetary Fund, a Washington-based global lender, has recommended …

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Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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Greenspan: a crisis is imminent, urges a return to the gold standard

Greenspan brisis Brexit

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis …

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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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