Cyprus to sell gold reserves to help fund bailout
Photo: BBC Cyprus is to sell off much of its gold reserves to help finance part of its bailout. An assessment by the European Commission says Cyprus must sell about 400m euros (£341m) worth...
Category: Currency
Biden Calls for a New World Order
At the Export Import Bank conference in Washington on April 5, Vice President Biden said that the “affirmative task” before us is to “create a new world order.” Discovered on Breitbart
Bitcoin, the ‘new gold’ – but what on earth is it?
Photo: The Telegraph So I’m starting to hear a lot about these Bitcoins. What are they? A money supply, or a virtual currency (though purists will argue about the definition of currency). Basically, you...
German and French economies stumble
Germany’s economy slowed to “near stagnation” last month, while France’s recorded its biggest contraction for four years, according to a closely watched survey. The Markit composite purchasing managers’ index (PMI), which measures both the...
Tea Party lashes out at ‘Monsanto Protection Act’
Photo: Reuters / Brian Snyder Members of the Tea Party have joined protesters standing up against the ‘Monsanto Protection Act’, calling the provision a ‘special interest loophole’ for friends of Congress. The provision has now...
What’s killing the bees
(CNN) — That honeybees die is not new. And that beekeepers accept that on average 30% or more of their livestock will vanish each spring isn’t new either. But when more than half of all the honeybees...
Cyprus bailout inside info? 132 companies pull out over $900mn in deposits
(AFP Photo / Patrick Baz) One hundred and thirty-two companies reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million in the run-up to the bailout deal. The...
Judge: Stockton, Calif., Can File for Bankruptcy
Photo: David Paul Morris | Bloomberg | Getty Images A judge accepted the California city of Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy...
California Now Has Negative Net Worth Of $127.2 Billion
Photo: Breitbart A new financial report by California State Auditor and the Bureau of State Audits shows that California is heading down the tubes, and fast—it now has a negative net worth of $127.2 billion. It’s...
Cyprus crisis: Moscow will not bail out Russian savers
The Russian government says it will not compensate Russian savers who have lost money in the Cyprus banking crisis. Russians are believed to have billions of euros in Cypriot accounts and deposits above 100,000...
