Currency

IMF Allows Addition Of China’s Yuan Currency To SDR Basket Amid Paris Terror Attacks

ZERO HEDGE While the world was following the tragic events unfolding on Friday night in France where hundreds of innocent civilians were killed or injured, an important economic development took place at the IMF, whose staff and head Christine Lagarde, officially greenlighted the acceptance of China's currency - the Renminbi,…
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Economic Collapse

Black Monday: China, US Stocks Swing Wildly, Dow Drops 1000 Points, 20% of S&P in “Flash Crash”

WTF NEWS The turmoil in global financial markets continued into Monday after last week's losses surprised traders and market watchers. China's collapse early Monday morning continued the declines from last week and prompted the above selling in Europe and US markets. The Shanghai Composite and CSI300 both fell over 8…
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Economic Collapse

Stock markets continue falling in global financial panic after the ‘worst week in 4 years’

WTF NEWS The global financial panic that saw US stocks have their 'worst week in four years' has continued into the new week, sending Asian stock markets lower in early Monday trading. Losses of over 2 percent almost across Asia and declines of 4 percent have been seen on Japan's…
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Economic Collapse

WTF is going on at Walmart? “There Are No Stores in Denver Metro Open Past Midnight” – Employees

(Flickr) | WTF News | **UPDATE**: Closed California Walmart Built On Former Military Industrial Complex Site In the context of the controversy over strange Walmart related events, a curious tip was sent to WTF News. Denver metro area Wal-Marts are "no longer open past Midnight" as part of "a test…
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Economic Collapse

Global stock markets sh!t on themselves after Bloomberg financial data terminals crash worldwide

| WTF News | The Bloomberg network of financial data terminals, used by most of the world's biggest financial firms, failed globally leaving investors in the dark and sending stock markets crashing. The outage lasted for about two and a half hours early Friday morning and was described as an…
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Corruption

28 Ways ‘They’ Rig Financial Markets as Defined by Wall Street Veterans

| WTF News | Is it confusing when people say that the stock market is rigged? Here are 28 specific methods that commonly plague financial markets as told by Wall Street veterans through financial data firm Nanex. This is one of many research articles hosted on the site as Nanex…
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US News

FTC files lawsuit to block merger of Sysco and US Foods, America’s two biggest food distributors

| WTF News | The two largest food distributors in America, Sysco and US Foods, agreed to terms on a proposed merger more than a year ago and the federal government has now sued to block the deal. The Federal Trade Commission filed a complaint (PDF) charging that the merger…
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Economic Collapse

The World’s Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

Zero Hedge Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance…
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Economic Collapse

Greek Contagion? Spanish/Italian Bond Risk Surge Most In 4 Months

Zero Hedge With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday, it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond…
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Austerity

Tsipras Rejects EU Ultimatum, Demands Bridge Deal: “Greeks Can’t Take More Disappointment”

Zerohedge Speaking defiant tone on Sunday evening, Greece's new Prime Minister Alexis Tsipras showed no signs of backing away from the commitments and pledges he and his party made to the Greek people (and that so many staunch status-quo huggers believe he will back down from). Raging that Greece "won't…
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Austerity

Eurogroup Gives Greece 10 Day Ultimatum: Apply For Bailout Or Grexit

Zero Hedge Update: And now this: "Moody's places Greece's Caa1 government bond rating on review for downgrade" The key driver for the review for downgrade is the high level of uncertainty over the outcome of the negotiations between Greece and its official creditors over the terms of Greece's support programmer.…
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Central Banks

ECB Pulls The Trigger: Blocks Funding To Greece Via Debt Collateral – Full Statement

Zero Hedge Just what the market had hoped would not *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN'T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and…
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“We’re on the Verge of a Crisis” and Global Currency Wars Are Triggering It

Shtfplan In financial circles, it is widely acknowledged that the Federal Reserve was about to raise interest rates, but has since changed course and decided to hold firm. Why? Because currencies are tanking all across the globe, and a stronger dollar – a double-edged sword – is making export goods…
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Economic Collapse

Chinese Stocks Crash Most Since Feb 2007, Futures Limit-Down After Regulatory Crackdown On Margin-Trading

Zero Hedge UPDATE: *SHANGHAI COMPOSITE HEADS FOR BIGGEST LOSS SINCE FEBRUARY 2007 *CHINA CSI 300 INDEX FUTURES FALL BY 10% LIMIT Who could have seen this coming?   Having tried and failed once to stem the speculative frenzy in Chinese stocks, regulators took more direct action tonight and suspended three…
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Central Banks

Currency war: Swiss fight back, remove cap on Euro, forcing Wall Street losses, forex firms fail

| WTF News | 2015 will be marked by moments of self preservation, especially in financial markets. Thursday, the Swiss National Bank shocked the global financial world by announcing it removed the September 2011 cap placed on the currency's value against the Euro, in a move to protect the Franc…
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Economic Warfare

Ukraine Default Risk Soars As Reserves Collapse 63% YoY

Zero Hedge Amid contingent offers of more bailout loans from Europe, and a looming $3bn debt repayment to Russia, Ukraine's default risk has surged once again to post-crisis record highs. With missing gold and despite foreigners encouraging investment, Ukraine's reserves are in total freefall as this morning's data shows a…
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Currency

Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%

Zero Hedge Following the biggest rout to the Ruble in ages, Russia - unlike Mario Draghi - instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 am in the morning) from the recently…
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Commodities

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Theeconomiccollapseblog Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the ; On June 16th, oil was trading at a price of $; Since then, it has fallen by almost 50 dollars in…
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Economic Collapse

WTF: US Treasury tried to quietly order “survival kits” for bankers

| WTF News | What could happen in the near-future that would make the Treasury Department think it is practical to be prepared with $200,000 worth of survival kits? According to a new solicitation, the Treasury is buying short-term survival kits for all 3,814 of its employees who oversee the…
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Federal Reserve

Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

Zero Hedge A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that…
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The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

The Economic Collapse by Michael Snyder From the dawn of history, elites have always attempted to enslave ; Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of…
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Bankers

MassMutual Senior Vice President Found Dead, Stabbed In Chest In Apparent Homicide

Zero Hedge A week after stunned Tribeca woke up to news of a grizzly death in which a Citigroup managing director living on Greenwich Street was found dead in his bathtub with a slashed throat and the lack of a suicide weapon on the scene suggesting there was foul play…
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Global Economy

Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed

Zero Hedge A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank -…
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Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?

The Economic Collapse by Michael Snyder Are you in better shape financially than you were last Thanksgiving?  If so, you should consider yourself to be very fortunate because most Americans are ; As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions…
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Another Banker Found Dead Under Strange Circumstances

The Daily Sheeple by Joshua Krause Over the past several years there has been a long string of deaths in the financial community. Top executives and advisers in the banking industry have been dying off in droves, and often under very peculiar circumstances. This year alone has seen 16 banker…
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Will You Survive The Coming Economic Collapse And Martial Law?

The Common Sense Show by Dave Hodges Your bank account is gone along with your 401k, pension and job. All hell has broken loose. THERE WILL BE ROUNDUPS. PEOPLE WILL STARVE AND BECOME VICTIMS OF THE ENSUING VIOLENCE. The country will be under martial law. Nobody is safe including law…
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21 Facts That Prove That Dependence On The Government Is Out Of Control In America

The American Dream by Michael Snyder If you could stay home and watch television, play video games and hang out with your friends all day at government expense, would you do it?  Of course most Americans that collect money from the government each month are not abusing the ; Many…
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3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?

The Economic Collapse by Michael Snyder Are you waiting for the next major wave of the global economic collapse to strike?  Well, you might want to start paying attention ; Three of the ten largest economies on the planet have already fallen into recession, and there are very serious warning…
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Bankers

Senior Citi Banker Found Dead In Bathtub With Slashed Throat

The dust has barely settled on the latest high profile banker suicide in which Deutsche Bank's associate general counsel, and former SEC regulator, Charlie Gambino was found dead, having hung himself by the neck from a stairway banister, and here comes the latest sad entrant in the dead banker chronicles…
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Obama’s Transatlantic Trade and Investment Partnership (TTIP) Would Be Disastrous for Europe

Global Research By Eric Zuesse On November 14th, German Economic News (which this writer has found to be the world’s most honest, non-propagandistic, newspaper) published two articles about, and they also posted to the Internet, the first independent study of the likely impacts of the Obama-proposed Transatlantic Trade and Investment Partnership (TTIP). This study, by an…
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Study: More Homeless Children Now Than Any Point in US History

Common Dreams by Jon Queally A new report on child homelessness in America finds that million children experience homelessness annually. The annual levels of homelessness among children have never been higher in the United States, according to a new comprehensive report released on Monday. Prepared by the National Center on…
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Global Capitalism in Crisis: Empty Commitment by G20 to Boost Global Economic Growth

Global Research By Nick Beams The communiqué issued at the end of the G20 summit held in Brisbane, Australia, over the weekend stated that agreement had been reached among the participants, whose countries comprise 85 percent of the world economy, to boost global growth by an additional percent over the…
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Central Banks

BRICS discuss ratification of new Bank, $100 bn CRA

The Bric Post Leaders of the five BRICS nations have met in Brisbane on Saturday ahead of the annual G20 Summit, aimed at boosting trade and economic ties between the group. The leaders, including Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, South African President…
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The Real Reason For America’s Collapsing Labor Force

Zero Hedge Back in July we wrote "Slamming The Door Shut On The "Plunging Labor Force Participation Rate" Debate Once And For All", in which we showed, definitively we thought, that contrary to the pervasive and erroneous propaganda, the collapse in the labor force has little to do with the…
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Oil-Producing Countries’ Currencies Are Getting Crushed

Zero Hedge While most people's attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues is…
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Russia Is Preparing For A “Catastrophic” Oil Price Collapse

Zero Hedge Vladimir Putin told the state-run TASS news agency that Russia's economy faces a potential "catastrophic" slump in oil prices, saying, as Bloomberg reports, such a scenario is "entirely possible, and we admit it." However, Putin reassures that with reserves at more than $400 billion, the country will weather…
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ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”

Zero Hedge It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will…
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Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

The Economic Collapse by Michael Snyder Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring ; If this treaty is adopted, it will be the most important step toward a one world economic system that…
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24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy

The Economic Collapse by Michael Snyder Do you want to know why Millennials seem so angry?  We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the "American Dream".  We told them not to worry about accumulating…
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Currency

Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada

Zero Hedge The march of global de-dollarization ;In the last few days, China has signed direct currency agreements with Canada becoming North America’s first offshore RMB hub, which CBC reports analysts suggest “could double maybe even triple the level of Canadian trade between Canada and China,” impacting the need for Dollars. But that…
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More “Economic Lies” from “Our” Government: The Latest US Jobs Report

Global Research By Dr. Paul Craig Roberts Just as the German media has destroyed its credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the ; Russia and China, the other two significant nuclear powers, no longer believe anything…
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