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Asia-Pacific ministers warned the global economic crisis was far from over and a current upturn was a respite rather than recovery. "The upturn that we now have is a respite. The situation is still fragile. We should still address the root cause of t
Join Charles for a discussion of The Dollar Meltdown and a book-signing, Thursday evening, November 12 at 7 p.m. at Barnes & Noble, Shea and Loop 101, Scottsdale, AZ. What are the prices of petroleum and gold signalling? This is a chance to learn
The Reserve Bank of India may have sold US Treasuries to fund its gold purchase from the International Monetary Fund. Last week, RBI purchased 200 tonnes of IMF gold for $6.7 billion, increasing the share of gold in its reserves by 250 basis points.
The theory of the 19th-century gold standard was that gold was “real money” in the same way as landed property was “real estate”. All types of paper money are capable of being created by banks or governments, so the supply is potentially unlimited.
Join Charles Goyette for a number of important interviews about the coming currency crisis! The market price of both gold and oil confirm the dollar crisis. Now learn how a monetary crisis unfolds and how to protect yourself and your family from it
The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises. British finance minist
Nandan Nilekani, the visionary co-founder of outsourcing pioneer Infosys, explains four brands of ideas that will determine whether India can continue its recent breakneck progress.
“The preference for gold continues as the global recovery gathers momentum and as the dollar stays out of favor,” said Yu Kyung Kyu, a trader with Eugene Investment & Futures Co. in Seoul. “Still, we may witness market players reluctant to go too agg
"The Reserve Bank of India (RBI) has concluded the purchase of 200 metric tonnes of gold from the International Monetary Fund (IMF), under the IMF’s limited gold sales programme. This was done as part of the Reserve Bank’s foreign exchange reserves m
John Stossel points out that even as the nanny state grows larger, the spirit of the Enlightenment and Adam Smith still burn brightly. Can a living Nobel laureate shine the light of truth on a dark economic time?
A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program’s regular guests declared it was time to “short” gold, that it had reached its top, and that the p
"But there are lessons here for the United States. The supposed economies of scale of massive financial institutions are outweighed by the difficulties in controlling risk inside them."
“Everybody is shorting the dollar...all over the world.” “People are borrowing at zero percent interest rates in the U.S. Effectively the rate of borrowing is negative, because we have the dollar falling. You have a capital gain."
•CIT Group Approaches Bankruptcy After Striking Icahn, Goldman Sachs Deals •Treasury 10-Year Notes Decline Most Since May Amid Economic Recovery Bets •China's Chen Warns of World Slump If Economic Stimulus Withdrawn Too Early
Turkey is switching to national currencies in trade with Iran and China, ending dependence on the US dollar and the euro for about 20% of its commodity turnover, local media reported on Wednesday. Turkey has already switched to settlements
Norges Bank raised its key interest rate a quarter point from a record low and signaled steeper increases than it previously forecast over the next 3 years as inflation accelerates an unemployment remains low. The Oslo-based bank raised the
The Legatum Prosperity Index is the world’s only global assessment of wealth and wellbeing; unlike other studies that rank countries by actual levels of wealth, life satisfaction or development, the Prosperity Index produces rankings based upon the v
Entered By: Powell Gammill
RESTON (VIRGINIA), USA - Many flew across the country, some drove for hours from neighbouring cities, while others splurged on exorbitant taxi fares just to get here despite the driving rain. At stake was something rare in these tough economic times:
In the future, a visit to your family physician, or any specialist, will begin with a quick scan of the computer screen, where a few keystrokes will tell the doctor everything he or she needs to know about you – all the way from how much you weighed
Oct. 27 (Bloomberg) -- Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini.
Iceland's three McDonald's restaurants - all in the capital Reykjavik - will close on October 31, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.
Sokotele (Zain) and MPesa are money transfer services from the mobile operators. Both services are brands marketed by the two mobile operators. A mobile phone user can send cash as low as KSh500 to a maximum of KSh35,000. The MPesa service has been a
For apparently the first time ever, U.S. Predator drones will be patrolling Somali waters. Yet they're there not to protect U.S. military forces. Rather, they'll be patrolling one of the most dangerous, yet vital, commercial shipping routes fro
THE Nationals Senate leader Barnaby Joyce is openly canvassing an economic upheaval that would dwarf the current global financial crisis, triggered by the US defaulting on its sovereign debt within the next few years.
Edward Pinto, the former chief credit officer at Fannie Mae, and a consultant to the mortgage industry lays out the sad truth. The government is aggressively making the same pro-homeownership moves that got us into the last mess.
Short-selling in Lloyds Banking Group doubled last week in a sign that traders and hedge funds expect shares in the 43.5% state-owned bank to collapse when it launches a 25 billion pound fund-raising in order to escape the Government's asset protecti
And you thought you had broken even. If investors had bought gold when the Dow first closed above 10,000 in March 1999, they'd be up almost 280%. Put another way, Dow 10,000 a decade ago “cost” 36 ounces of gold, treating each Dow point as $1. When t
It wasn't greed that caused the mortgage mess. In large part, the mess was the product of government policies designed to increase homehownership among the poor and ethnic minorities.
On October 8, the New York Times wrote a story on the Federal Housing Administration (F.H.A.) stating:
