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50 Percent Of American Workers Make Less50 Percent Of American Workers Make Less Than 28K Yearly Than 28K Yearly

October 24th, 2014
Categories: Economic

Link: http://www.blacklistednews.com/50_Percent_Of_American_Workers_Make_Less_Than_28K_Yearly/38757/0/38/38/Y/M.html

Social Security Administration has just released wage statistics for 2013. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.

21 Asian countries initiate new China-backed bank - Video

October 24th, 2014
Categories: Economic

Link: http://www.presstv.ir/detail/2014/10/24/383424/21-asia-nations-initiate-new-bank/

China along with 20 other nations have inked a memorandum of understanding (MOU) to establish a new Beijing-backed infrastructure lender for Asia to meet the need for construction of dams, ports, power plants telecommunications networks in Asia. India, Singapore and Vietnam among the signatories.

Russia's Financial Support to Ukraine Cannot Last Forever: Kremlin

October 23rd, 2014
Categories: Economic

Link: http://en.ria.ru/politics/20141023/194507442/Russias-Financial-Support-to-Ukraine-Cannot-Last-Forever-Kremlin.html

During the last decades Russia has always been helping Kiev financially, spending hundreds of billions of dollars to support Ukraine, but this cannot last forever, During the last 20 years we have already sponsored the Ukrainian economy for hundreds billions of dollars; Kremlin chief of staff Sergei Ivanov. Thursday.

BOOM: First Majestic Silver CEO Calls on Fellow Miners to Form OPEC-Like Cartel & HALT PHYSICAL SILVER SALES to End the Paper Manipulation - Video

October 23rd, 2014
Categories: Economic

Link: http://investmentwatchblog.com/mining-ceo-calls-on-fellow-miners-to-halt-physical-silver-sales-to-end-the-paper-manipulation/

“We all know the paper market has NO representation to the physical market.” – Keith Neumeyer, CEO, First Majestic Silver Corp.

Russia Adds A Record 1,200,000 Ounces Of Physical Gold To Their Reserves

October 21st, 2014
Categories: Economic

Link: http://etfdailynews.com/2014/10/21/russia-adds-a-record-1200000-ounces-of-physical-gold-to-their-reserves/

As evidenced by the Russian central bank, it appears that Russia has added another 1,200,000 ounces of physical gold to their reserves. Total Russian gold reserves now stand at 37,000,000 ounces, or 1049 tonnes.

China’s central bank to inject $81b stimulus into top 5 banks

October 18th, 2014
Categories: Economic

China‘s central bank is injecting 500 billion yuan ($81 billion) into the country’s five major state-owned banks as it moves to counter slower-than-expected growth in the world’s No. 2 economy, according to a senior Chinese banking executive. The move contributed to a rise in Asian markets early Wednesday,

Global oil prices drop to new low - Video

October 17th, 2014
Categories: Economic

Link: http://www.presstv.com/detail/2014/10/16/382457/global-oil-prices-hit-fresh-lows/

Global oil prices have dropped to $84 per barrel, a 47-month low. Sending economic and political shockwaves through oil-exporting countries around the world. Tied to production enhancement in the United States, Canada, and Iraq, drop in demand caused by a weak global economy.

Putin: World economy would collapse if oil prices stay at $80 per barrel - Video

October 17th, 2014
Categories: Economic

Link: http://investmentwatchblog.com/putin-world-economy-would-collapse-if-oil-prices-stay-at-80-per-barrel/

President Putin held a presser on a close door meeting he had with Ukrainian President Petro Poroshenko.

Richest one percent controls nearly half of global wealth

October 17th, 2014
Categories: Economic

Link: http://www.wsws.org/en/articles/2014/10/17/ineq-o17.html

The richest one percent of the world’s population now controls 48.2 percent of global wealth. If the growth of inequality were to proceed at last year’s rate, the richest one percent would control all the wealth on the planet within 23 years.

Turmoil rips through global financial markets

October 16th, 2014
Categories: Economic

Link: http://www.wsws.org/en/articles/2014/10/16/econ-o16.html

Global financial markets experienced a day of violent gyrations on Wednesday amid growing signs that the financial house of cards created by the provision of ultra-cheap money by the world’s major central banks may be collapsing. European stocks experienced their biggest decline in three years.

“Secret Scheme To Manipulate The Price Of Silver” – Lawsuits Against Banks Proceed

October 15th, 2014
Categories: Economic

Link: http://investmentwatchblog.com/secret-scheme-to-manipulate-the-price-of-silver-lawsuits-against-banks-proceed/

Litigation alleging that Deutsche Bank, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver were centralised in a Manhattan federal court yesterday. The banks have been accused of rigging the price of billions of dollars in silver to the detriment of investors globally.

Russian-speaking cybercriminals earn $2.5 billion in 12 months

October 15th, 2014
Categories: Economic

Link: http://en.itar-tass.com/russia/754540

About 4% of financial institutions in Russia were hit by cyber attacks over the year, even companies with high level of information security control not always avoid problems, say security researchers.

Russia’s Sanctions-Hit Banks Attract Chinese Financing

October 13th, 2014
Categories: Economic

Link: http://en.ria.ru/politics/20141013/194021374/Russias-Sanctions-Hit-Banks-Attract-Chinese-Financing.html

Russia’s Vnesheconombank, VTB and Rosselkhozbank, hit by Western sanctions, have attracted financing from the Exim Bank of China. The agreement was signed Monday by the banks chiefs in the wake of a meeting between the heads of the Russian and Chinese governments.

Greece tells IMF it wants early exit from rescue programme

October 12th, 2014
Categories: Economic

Greek officials have told the International Monetary Fund (IMF) that the debt-stricken country can quit its multibillion-dollar rescue programme more than a year early after meeting the body’s managing director in Washington on Sunday. Athens can do without further loans from the Washington-based lende.

Russia dumping dollars to use to protect currency and falling oil prices

October 12th, 2014
Categories: Economic

Link: http://www.blacklistednews.com/Russia_dumping_dollars_to_use_to_protect_currency_and_falling_oil_prices/38553/0/38/38/Y/M.html

Russia paid off a near record $53 billion in foreign debt, sold off dollars to use as capital to stabilize their declining currency, and to protect their primary resource industry from the deflation America caused by dumping excess oil into the market supply.

Britain and America to hold 'war games' to test reaction to bank collapse

October 12th, 2014
Categories: Economic, Police State

Link: http://www.dailymail.co.uk/news/article-2788613/britain-america-hold-war-games-test-reaction-bank-crisis-atlantic.html

Britain and America will hold 'war games' next week to test their response to the collapse of a major bank on either side of the Atlantic. Britain and America will hold 'war games' to test their response to the collapse of a major bank, like Lehman Brothers.

“De-Dollarization”: Iran, Russia Planning to Establish Joint Bank

October 11th, 2014
Categories: Economic

Link: http://www.globalresearch.ca/de-dollarization-iran-russia-planning-to-establish-joint-bank/5407736

Iran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector. “Such a bank would be able to exchange money between the two sides using rials and rubles and put aside dollars, euros and pounds.

IMF: China overtakes US as world’s largest economy

October 8th, 2014
Categories: Economic

Link: http://www.presstv.com/detail/2014/10/08/381500/china-overtakes-us-as-largest-economy/

International Monetary Fund says China has overtaken the United States as the world’s largest economy, according to a report. estimates size of US economy $17.4 trillion, Chinese economy $17.6 trillion. China’s share of the global economy is 16.48 percent, United States 16.28.

Housing Rights Group Says HUD Program Helps Wall Street, Hurts Homeowners

October 5th, 2014
Categories: News, Economic

Link: http://truth-out.org/news/item/26609-housing-rights-group-says-hud-program-helps-wall-street-hurts-homeowners

After learning that his home was in foreclosure in July 2013, James Cheeseman received an even more unpleasant surprise when he showed up in court the following January. He was told that his mortgage loan had been sold by JP Morgan Chase and purchased by a company he had never heard of before - LVS Financial.

Income Inequality Has Regressed to 1820 Levels

October 4th, 2014
Categories: News, Economic

Link: http://sorendreier.com/income-inequality-has-regressed-to-1820-levels/

From the American Occupy movement to the surprise best-seller by the economist Thomas Piketty, income inequality is all the rage—perhaps because it’s raging. According to a newly released study, the last few decades have seen a rise of the biggest income gaps within nations since the Industrial Revolution.

Biggest bank in US hacked: JPMorgan admits data breach for 76 mn households

October 3rd, 2014
Categories: Economic

Link: http://rt.com/usa/192708-jpmorgan-bank-accounts-hacked/

More than half of all households in the United States were affected by a data breach that occurred earlier this summer, JPMorgan Chase revealed on Thursday. The names, addresses, and numbers of millions of affected bank clients were stolen by hackers.

Poverty Report Contradicts GDP Claims — Paul Craig Roberts

October 2nd, 2014
Categories: News, Economic, Health

Link: http://www.paulcraigroberts.org/2014/10/02/poverty-report-contradicts-gdp-claims-paul-craig-roberts/

It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t need and economic recoveries that do not exist.

Mass default looms as world sinks beneath a sea of debt

September 29th, 2014
Categories: Economic

Link: http://stratrisks.com/geostrat/21133

On a global level, growth is being steadily drowned under a rising tide of debt, threatening renewed financial crisis, a continued squeeze to living standards, and eventual mass default. Global debt-to-GDP – public and private non financial debt – still growing, breaking new highs by the month.

The model for America: Ruling elites dispense with democracy in Detroit

September 29th, 2014
Categories: News, Economic, Police State

Link: http://www.wsws.org/en/articles/2014/09/29/pers-s29.html

The new arrangement is part of a reorganization of political structures in the city to ensure the permanent exclusion of any opposition to the dictates of the corporate and financial elite.

Dark and sinister madness has descended upon US government

September 29th, 2014
Categories: News, World, Zionism, War, Economic, Politics, Police State

Link: http://www.a-w-i-p.com/index.php/2014/09/29/dark-and-sinister-madness-has

A dark and sinister madness has descended upon the American government. It is madness because it is divorced from reality. It is madness because it is divorced from a desire to serve the human race (which is the ultimate expression of sanity). And it is madness because its promotion of violence is certain to cause more violence rather than ending it. It is dark and sinister because its underlying intention hides in the shadows from which it springs out at crucial moments to forward its dastardly purpose.

How The Elites Are Running The World, The Dollar And Metals

September 28th, 2014
Categories: News, World, Economic

Link: http://survivalbackpack.us/elites-running-world-dollar-metals/

As we near the end of the 3rd Q for 2014, time is running out for all the 2014 enthusiasts that are calling for higher prices by year-end. The lessons learned from 2013 have been forgotten as not only are not prices beginning to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future.

Banks could face record fines totalling £1.8bn over currency rigging

September 26th, 2014
Categories: Economic

Link: http://www.theguardian.com/business/2014/sep/26/banks-fine-currency-rigging

Six major banks caught up in the investigation into rigging the currency markets are being pressed by the regulator to agree to fines ? possibly of as much as ?1.8bn ? in the next eight weeks. Watchdog warns RBS, HSBC, JP Morgan, Barclays, Citi and UBS they face penalties that could top Libor payout.

Gas prices may quadruple if unified price set for all consumers in Ukraine — official

September 24th, 2014
Categories: World, Economic

Link: http://en.itar-tass.com/economy/751055

Gas prices in Ukraine may quadruple if Naftogaz of Ukraine sets a unified price for all gas consumers, a company senior official said on Wednesday. Alexander Todiichuk, Naftogaz of Ukraine Deputy CEO, said this initiative had been supported by the Ukrainian Energy and Coal Industry Ministry.“This is a heavy blow, politicians trying to avoid it in view of elections this autumn as people’s discontent may affect this process,

Home Depot Hack Is Letting Criminals Drain Money From People's Bank Accounts

September 24th, 2014
Categories: News, Economic

Link: http://www.huffingtonpost.com/2014/09/24/home-depot-hack-bank-accounts-drained_n_5872288.html

Data breach at retailer Home Depot Inc led to fraudulent transactions across United States, draining cash from customer bank accounts; the Wall Street Journal. Criminals using stolen card information to buy prepaid cards, electronics and groceries. Home Depot confirmed its payment systems were breached, 56 million payment cards compromised in cyberattack at its stores.

AIG shareholders sue government claiming their $182 bn bailout wasn’t favorable enough

September 24th, 2014
Categories: Economic

Link: http://rt.com/usa/190368-aig-bailout-lawsuit-government/

The lawsuit, which seeks more than $40 billion from the US government, challenges the manner in which AIG was rescued. AIG shareholders argue that the moves violated their Fifth Amendment rights, in that their private property was taken for “public use, without just compensation.”

Ukraine Is On The Brink Of Total Economic Collapse

September 22nd, 2014
Categories: Economic

Link: http://www.businessinsider.com/ukraine-is-on-the-brink-of-total-economic-collapse-2014-9

Ukraine is now in recession. Deep economic ties with Russia have resulted in painful adjustments in recent months. The nation's exports are down 19% from last year, expected to fall further. Retail sales falling, industrial production collapsing. Nation's currency, trading near record lows.

Oil Being Sold in Rubles

September 22nd, 2014
Categories: Economic

Link: https://www.perpetualassets.com/news/2014/09/22/oil-being-sold-in-rubles-insider-update-from-jim-willie/

Gazprom Neft (Gazprom Oil). Almost all their clients for crude oil and petroleum products have signed agreements to pay in Rubles. Novoport, already begun delivery for Ruble currency, deliveries to the Asian market are to be completed in Yuan currency.

Putin: Russian Banks Must Stay in Ukraine to Ensure Economic Stability

September 22nd, 2014
Categories: Economic

Link: http://en.ria.ru/business/20140922/193168997/Putin-Russian-Banks-Must-Stay-in-Ukraine-to-Ensure-Economic.html

Russian banks should continue working in Ukraine despite current difficulties because their exit from the country would hurt Ukrainian economy, President Vladimir Putin said Monday.

Russia not to review ban on sanctioned prepaid goods - Medvedev

September 20th, 2014
Categories: Economic

Link: http://en.itar-tass.com/economy/750498

Russia will not reconsider its decision to ban imports of certain goods, including the prepaid ones;Prime Minister Dmitry Medvedev. Russia banned imports of meat, fish, dairy, fruit and vegetables from the United States, the 28-nation European Union, Australia, Canada and Norway for 12 months.

Ireland leaves eurozone behind as exports boom

September 18th, 2014
Categories: Economic

Link: http://www.telegraph.co.uk/finance/economics/11107507/Ireland-leaves-eurozone-behind-as-exports-boom.html

Ireland's economy is growing at an explosive pace. Rising exports to the US, Britain and China transform the former crisis-state into eurozone’s star economy. Turnaround comes less than a year after Ireland regained economic sovereignty, first eurozone bail-out country to emerge from its EU-IMF Troika regime.

Moscow warns against panic as ruble plunges to historic lows - Video

September 17th, 2014
Categories: Economic

Link: http://news.yahoo.com/ruble-plunges-sharply-against-euro-dollar-110647010.html

Russian authorities told people not to panic on Tuesday as the battered ruble plunged to record lows, floored by tensions with the West over Ukraine, new sanctions and falling oil prices. Russians concerned a weaker ruble would drive up inflation, make foreign trips and foreign currency purchases unaffordable.

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

September 15th, 2014
Categories: Economic

Link: http://www.thedailysheeple.com/the-u-s-national-debt-has-grown-by-more-than-a-trillion-dollars-in-the-last-12-months_092014

According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. U.S. national debt has actually grown by more than a trillion dollars in less than 12 months.

Socialists Call For Universal Basic Income Because America Is Running Out Of Jobs

September 14th, 2014
Categories: Economic

Link: http://rallyagainstomalley.com/socialists-call-universal-basic-income-america-running-jobs/

With weak job growth, rising poverty, it’s an idea that is gaining more credence. Arguments for a universal basic income (UBI) in which everyone without exception would receive an equal stipend Advocates of UBI see it as more effective means of reducing poverty and shrinking the inequality gap. Politics of the issue are not favorable.

EU seeks billions of euros to revive economy

September 13th, 2014
Categories: Economic

Link: http://www.blacklistednews.com/EU_seeks_billions_of_euros_to_revive_economy/37912/0/38/38/Y/M.html

. Finance ministers from the bloc’s 28 countries are fleshing out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.

US and EU expand economic sanctions against Russia

September 13th, 2014
Categories: Economic

Link: http://www.wsws.org/en/articles/2014/09/13/ukra-s13.html

The United States European Union announced Friday expanded package of sanctions against Russian financial, energy, and defense sectors. Banks affected include Russia’s largest lenders Sberbank, Gazprombank and Rosselkhozbank could lead to credit crunch at end of the year; $25.1 billion in Russian foreign corporate debt matures.

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