Posts Tagged 'currency'
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Posted @ 1/21/2013 5:00 AM By "The Elemental Economist" Jim Purnell
CNBC reports: [ Faced with a stubbornly slow & uneven global economic recovery, more countries are likely to resort to cutting the value of their currencies in order to gain a competitive edge. Japan has set the stage for a potential global currency ...
Posted @ 1/7/2013 10:19 AM By "The Elemental Economist" Jim Purnell
King World News reports: [ Renowned investor & commodities specialist Stephen Leeb says precious metals are set to fly in 2013 as the Chinese move to back the Yuan with gold. Speaking to King World News Leeb says that once the Chinese are forced to r...
Posted @ 12/10/2012 5:00 AM By "The Elemental Economist" Jim Purnell
CNSNews.com reports: [ The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. At the close of business last Wedne...
Posted @ 11/30/2012 10:22 AM By "The Elemental Economist" Jim Purnell
The Economic Collapse blog reports: [ The election results made it abundantly clear that taxes are going to be going up, & right now a lot of wealthy people all over America are trying to figure out how to best position themselves for the hit that is ...
Posted @ 10/11/2012 4:00 AM By "The Elemental Economist" Jim Purnell
Dailycaller.com reports: [ Over the past 40 years, the Federal Reserve has been force-feeding the world the idea that its printing press puts out more valuable paper than anyone else’s. This is, of course, because in 1971 it was given legislative approval...
Posted @ 10/10/2012 4:00 AM By "The Elemental Economist" Jim Purnell
Bloomberg.com reports: [ Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs. Costco’s outlet in Simi Vall...
Posted @ 10/9/2012 4:00 AM By "The Elemental Economist" Jim Purnell
Reuters reports: [ - Wealthy Qatar, a major investor in U.S. and European assets, worries that haphazard attempts by countries to shore up their economies could weaken the dollar and the euro, its prime minister said. "What should happen is we shoul...
Posted @ 10/5/2012 4:00 AM By "The Elemental Economist" Jim Purnell
and the un-official (real) FX Market... Zerohedge.com reports: [ Iranian clerics' attempts to curb speculation in the Rial and stabilize the currency appear to have backfired as the un-official (real) Rial rate traded as low as 34,250 Rial to the USD...
Posted @ 9/18/2012 4:00 AM By "The Elemental Economist" Jim Purnell
examiner.com reports: [ On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For th...
Posted @ 9/10/2012 4:00 AM By "The Elemental Economist" Jim Purnell
Mike Maloney @ goldsilver.com writes: [ Today’s unsustainable debt and currency crisis is entirely caused by central banks meddling with the economy. To understand how central banks artificially goose the economy we need to look at how currency is created...