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Monthly Archive for: ‘April, 2014’

CLOSING THE BATHROOM DOOR

Closing the bathroom door – On Switzerland and Privacy By Simon Heapes “I was once asked about privacy and if I had anything to hide. I simply replied, “I have nothing to hide, but when I go to the bathroom, I still close the door.” My experience may sound a bit humorous, but it makes the point that some things are better kept …

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Transcript of Jim Rickard’s interview April 17, 2014

Apr. 17, 2014 Interview with Jim Rickards on the transition of the world to the next international monetary system, gold versus paper in terms of exchange risk and liquidity risk, why gold is not a commodity, reasoning behind why the Fed does not recognize gold as money, Mario Draghi, the parasitic financialization of the economy, and what gold will mean …

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Russian army ordered to advance towards Ukraine

Thursday, April 24, saw a steep escalation of tensions between Moscow and Kiev after the Ukrainian army killed up to five pro-Russian militiamen in an attack on three checkpoints outside the eastern town of Slavyansk. President Vladimir Putin threatened “consequences.” He added that the legitimacy of the May 25 elections was in serious question. Defense Minister Gen. Sergey Shoigu ordered …

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China’s Gold Market Dominance

Wednesday April 16, 2014, The World Gold Council (WGC) confirmed in February that 2013 saw China replace India as the world’s largest consumer of gold. For many gold market watchers, that announcement raised the question of how China came to take that position — and, more importantly, if it will be able to keep it. This week, the WGC came …

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US no longer has worlds richest middle class (Chart)

Economic inequality is in the news in a way it hasn’t been for a long time. Thomas Piketty’s book Capital in the 21st Century, which argues that the innate dynamics of capitalism cause income gaps to widen, has become a surprise best-seller (so much so that Amazon listed it as “temporarily out of stock”). President Obama has called for raising …

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China opens additional gold import point in Beijing

China allows gold imports via Beijing, sources say, amid reserves buying talk * Beijing is 3rd mainland gold import point, after Shenzhen & Shanghai * China’s gold imports from Hong Kong surged to $53 bln in 2013 * China’s central bank has been adding to official gold reserves – WGC SINGAPORE, April 21  – China has begun allowing gold imports …

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Princeton and Northwest University study concludes that US is an Oligarchy

The US government does not represent the interests of the majority of the country’s citizens, but is instead ruled by those of the rich and powerful, a new study from Princeton and Northwestern Universities has concluded. The report, entitled Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, used extensive policy data collected from between the years of …

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Chart of gold inverse correlation to USD.

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Gold mining is turning to extracting microscopic particulates from rock

“Siberia and Russia’s Far East hold 11% of global gold reserves. But after the fall of Soviet Union many mines were abandoned. This to be changed soon as new technology that allows to extract gold from stones emerged. RT’s Thabang Motsei reports.”  

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SEC to “remove” some HFT firms

The Securities and Exchange Commission is preparing to remove some high-frequency trading firms. In a purge of computerized markets, prompted by public outrage unleashed by Michael Lewis’ “Flash Boys,” the SEC’s campaign will see numerous enforcement actions, new rules and new business practices — a sweeping overhaul that could benefit the beleaguered New York Stock Exchange, The Post has learned. …

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