Governments Seize Dormant Bank Accounts


All over the world, governments are shortening the time periods required before they can seize "dormant bank accounts" and "unclaimed property" – predicted in the article on the site The Economic Collapse. Broke governments all over the globe are searching for "creative ways" to raise revenues. For example, in Australia the time period required before the federal government could ...

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Ron Paul: The Federal Reserve System is Nonviable and Coming to an End


This month, Ron Paul, a three-time US presidential candidate and former US congressman, granted an extensive interview about the world problems, the Federal Reserve System, and the ways to promote liberty. He was interviewed by Anthony Wile, chief editor of The Daily Bell and chief investment officer at High Alert Investment Management. On being asked about the most significant problem that ...

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UK and China Start Direct Yuan-Pound Trading


From June 19, the British pound and the Chinese yuan, officially known as the renminbi (RMB), were directly swapped without using the US dollar as an intermediary. China Construction Bank (CCB), China's second-largest lender, has been selected to become the first clearing service for renminbi trading in London. Asset managers Blackrock and HSBC were granted licences allowing them to invest in ...

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“Cluster of Central Banks” Invested $29 Trillion in the Stock Market


Tyler Durden, an analyst at Zero Hedge, reviews an article in The Financial Times (“Central banks shift into shares as low rates hit revenues”):
Another conspiracy “theory” becomes conspiracy “fact” as the FT reports "a cluster of central banking investors has become major players on world equity markets." The report, to be published this week by the Official Monetary and ...

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Total Debt In America Hits A New Record


Americans are nearly $60 trillion in debt, according to the site The Economic Collapse. That is summing all forms of debt including government debt, business debt, mortgage debt and consumer debt. An amount of money so large that it is difficult to describe. If you were alive when Jesus Christ was born and you had spent $80 million every single ...

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