Currency

The next recession will push the Western economic system over the edge into deflation

The next recession will push the Western economic system over the edge into deflation

As matters stand, the next recession will push the Western economic system over the edge into deflation. Half the world economy is one accident away from a deflation trap. The International Monetary Fund says the probability may now be as high as 20pc. It is a remarkable state of affairs that the G2 monetary superpowers – the US and China… Read more →

HSBC imposes restrictions on large cash withdrawals

HSBC imposes restrictions on large cash withdrawals

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4′s Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of the change in policy, which was implemented… Read more →

A plague on all emerging market currencies – HSBC’s Bloom

Markets aren’t in the mood to distinguish between emerging market currencies, meaning all face a further selloff, says HSBC’s global head of FX strategy, David Bloom.

Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years

Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those… Read more →

Gold Bulls Retrench as Price Drops Most in 32 Years

Gold Bulls Retrench as Price Drops Most in 32 Years

Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to the biggest annual drop in more than three decades. The net-long position in gold fell 12 percent to 28,702 futures and options in the week ended Dec. 24, U.S. Commodity Futures Trading Commission… Read more →

Chart: A Nation of Part-Timers… But Not by Choice

Obamacare Forcing More Medicaid Recipients to Pay Back Costs After Death

Obamacare Forcing More Medicaid Recipients to Pay Back Costs After Death

State Medicaid laws, conflicting with federal Obamacare law, have created an odd scenario in which the estates of recipients of Medicaid can be tapped to repay medical expenses after their deaths. According to the Seattle Times, Medicaid has always sought to recoup costs from estates for nursing homes and long-term care, but has never attempted to recoup normal healthcare costs because… Read more →

Washington & Wall Street: Bubbles and the Denationalization of Money

Washington & Wall Street: Bubbles and the Denationalization of Money

There are many ways to lose money or wealth as a result of inflation. For most Americans, the most obvious type of inflation is the steady increase in the cost of living caused by reckless monetary policies followed by the Federal Open Market Committee. Instead of acting as an independent agency and protecting the value of the dollar, the FOMC… Read more →

Mission Accomplished: ‘Fixed’ Obamcare Site Crashes Live on CNN

Another public humiliation for Healthcare.gov. On the morning of the federal exchange site reboot, CNN hoped to demonstrate the success of the “tech surge” revamp of the site live for its viewers. But “then came the roadblock.” To the embarrassment and consternation of the CNN crew, the site crashed live.

Not only did the site fail on air, the technician admits in the segment that his attempt to enroll that morning ended up failing too with the site giving him an error message about 8 minutes into the process. Millions sunk into a site that, two months after its grand launch, still cannot function properly.

Speaking of millions: Millions of Americans have received cancelation notices on policies they were promised by the president they could keep. Many of those canceled policies lapse at the end of the year. With a two-week turn around for new policies, that gives millions of Americans less than two weeks to either enroll for a plan on the federal exchange or scramble to find a new policy on the open market.

Either way, thanks to Obamacare, millions of Americans are finding themselves forced to enroll in policies with higher premiums and deductibles.

 

This is a copy of the full article provided by the Conservatives at Truth Revolt