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Wednesday, October 18, 2017

Why are Russia and China Buying Gold, Tons of it?

Gold is one of the most fascinating of all rare metals. Throughout all history it has been given a special, at times sacred or...

Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

The Dow closed above 18,000 on Monday for the first time since July.  Isn’t that great news?  I truly wish that it was.  If...

Billionaires Bet Big on Market Crash (The Reason Why Is Shocking)

Investment titans are making massive billion-dollar bets that the stock market is approaching an imminent crash, but perhaps most shockingly of all … is...

Moody’s Warns Deutsche Bank Is Dangerously Close To Falling Below Its “Default Point”

Moody’s Capital Markets Research issued a damning verdict on Deutsche Bank earlier this week. In a research report put together by the credit agency’s...

Amid Economic Crisis, Venezuelans Enter Trances and Worship False Goddesses

One long night every year in a mountainous rain forest in Venezuela, hundreds gather to dance on red-hot embers, enter trance-like states and worship...

China Moves Forward With Its De-Dollarization Strategy

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the...

Over 1,000 Stores Close in a Single Week

It's been a tough week for the retail industry, with more than 1,000 stores closing their doors for good. Luxury retailer Michael Kors announced...

Dollar Hits Two Week Low After US Announces Sanctions Against Russia

The fall has erased the dollar's gain in the past several days. US stocks also tumbled to a three-week low. US Treasury bonds also fell to their lowest value...

The fall of retailers means doomsday for malls

American retail culture may well have reached a tipping point. Major department stores are floundering about like fish in a rapidly draining pond after reporting...

The Election of Donald Trump Is Already Having an Enormous Impact on the Economy

The election of Donald Trump has sent shockwaves through the U.S. economy and the U.S. financial system. Since Nov. 8, the Dow has hit a...