financial doomsday

  1. Four reasons why you shouldn't count gold out just yet!

    Four reasons why you shouldn't count gold out just yet!
    Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system.  With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy...
  2. Iran Should Go For Gold, Not A Currency Reform Illusion

    Iran Should Go For Gold, Not A Currency Reform Illusion
    Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the...
  3. Venezuelans turn to Bitcoin to escape currency crisis

    Venezuelans turn to Bitcoin to escape currency crisis
    By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities...
  4. Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies

    Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies
    This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The...
  5. The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO

    The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO
    Low rate environment puts banks under pressure, ING CEO says from CNBC. The CEO of a major European bank offered a stark warning for his industry on Thursday, suggesting that years of accommodative policy by global central banks could quickly turn sour. Low interest rates have been supportive for the world economy, according to ING Group's Chief Executive Ralph Hamers, but banks...
  6. Here's Why Malaysians Can't Afford a House

    Here's Why Malaysians Can't Afford a House
    Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central...
  7. Central Bankers 'Are' The Crisis

    Central Bankers 'Are' The Crisis
    If there’s one myth - and there are many - that we should invalidate in the cross-over world of politics and economics,it‘s that central banks have saved us from a financial crisis. It’s a carefully construed myth, but it’s as false as can be. Our central banks have caused our financial crises, not saved us from them. It really should -but doesn’t...
  8. The Wealthy Are Buying Multi-Million Dollar Bunkers With "Highest Level Of Military Grade Security"

    The Wealthy Are Buying Multi-Million Dollar Bunkers With "Highest Level Of Military Grade Security"
    After Donald Trump was elected president, a lot of the fears and concerns that were once so common among conservatives and libertarians, seemed to fade. That state of relief was proven to be temporary, but fears of financial collapse and social disintegration still aren’t as prevalent now as they used to be. A lot of people have let their guard down...
  9. Gold and Silver Price Manipulation: The Biggest Financial Crime in History

    Gold and Silver Price Manipulation: The Biggest Financial Crime in History
    According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft. The MFM have conveniently ignored a far larger financial...
  10. $21,714 For Every Man, Woman And Child In The World - This Global Debt Bomb Is Ready To Explode

    $21,714 For Every Man, Woman And Child In The World - This Global Debt Bomb Is Ready To Explode
    According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.  Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number.  If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which...

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