Malaysian Prime Minister Mahathir Mohamad on Thursday (May 30) proposed to create a new “special currency” for the region based on gold, replacing the existing currency trading regime. Speaking at a dialogue session at the 25th International Conference on The Future of Asia (Nikkei Conference), he claimed that a regional currency based on gold would […]
Will Globalists Sacrifice the Dollar to Get Their ‘New World Order’?…
Trade is a fundamental element of human survival. No one person can produce every single product or service necessary for a comfortable life, no matter how Spartan their attitude. Unless your goal is to desperately scratch an existence from your local terrain with no chance of progress in the future, you are going to need […]
Trader: Italy on Verge of Inducing Fresh European Crisis…
Tired (or maybe bored) of worrying about rising interest rates, a rising dollar and higher oil prices? Then fear not, because according to Bloomberg macro strategist and former Lehman trader, Mark Cudmore, you can now start worrying about a new, or rather well-forgotten, potential risk flashpoint, namely Italy which, as he writes in his latest […]
Why the World’s Central Banks hold Gold – In Their Own Words…
Collectively, the central bank sector claims to hold the world’s largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range. This worldwide central bank group, […]
“Biggest Theft in Crypto History:” Over $400M Stolen from Japanese Crypto Exchange…
Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong with what […]
The Mnuchin Massacre: Precious Metals Surge Amid Dollar’s Worst Start in 30 Years…
The Dollar was smashed with the ugly-stick today as Mnuchin’s comments sparked chaos in FX markets… and as precious metals surged and bond yields jumped… and stocks actually sank (briefly)… we were reminded by the mainstream media that a falling dollar is great for ‘Murica so buy the dip in stocks with all your money […]
Bitcoin & Ripple Lead Cryptocurrency Rebound after Sell-Off Wiped Out Third of Market…
A total of 49 of top 50 cryptocurrencies were growing on Thursday following a bloodbath on the digital money market in the past few days. The dollar-pegged centralized tether was the only loser. Bitcoin gained over 16 percent on the day, and was trading above $12,000 at 12:35 GMT. This is still well below its […]
Anatomy of a Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg…
Having soared 36,000% last year and continuing its crazy run in 2018…Ripple has surged ahead of Ethereum as the second-largest cryptocurrency by market cap: Bitcoin $246BN, Ripple $143BN, Ethereum $97BN. Leaving Mike Novogratz breathlessly berating the craziness..as Ripple’s CEO is now the 5th richest man in the world…
Peak Monetary Goofiness: One Thousand People Own 40% of Bitcoin Market…
As in any asset class, large individual holders and large institutional holders can and do collude to manipulate price,’ Amen brother. That’s why we need regulators and oversight that is not ‘captured’ by those same very large institutions and wealthy political donors who are in such a good position to manipulate those markets. And they […]
“This Could Be Huge”: Gold Bar Certified by Royal Canadian Mint Exposed as Fake…
According to CBC, the Royal Canadian Mint is investigating how a sealed, “pure gold” wafer with proper mint stampings has emerged as a fake. According to the Canadian press, the one-ounce gold piece, which was supposed to be 99.99% pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada […]