Finance

Japan Prints Money to Buy Foreign Assets

June 1, 2013

Source: LTN Japan, the world’s 3rd largest economy that is trapped by its stagnant economy, is venturing into new overseas market to boost its investments so as to revitalize the sluggish economy and seek more international influence. The East Asian country, now, holds a large international conference from this Saturday to Monday participated by African leaders [...]

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Would A New ‘Bretton Woods’ Save The Global Economy or is it the Making of a New World Order

May 15, 2013

Source: NPR Britain’s chancellor of the Exchequer George Osborne, center right, at the start of the G7 finance ministers and central bank governors meeting on Friday, May 10 in Aylesbury, England. The role of central banks in shoring up the global economic recovery is set to be a key point of discussion among top financial [...]

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Where is the world’s gold

May 1, 2013

Source: RK Mufti Mubashir History says Gold goes to where it is respected. 98 percent of Gold at Federal Reserve Bank of New York is owned by central bank of foreign nations and 2 percent is owned by United States of America. Germany holds more than 3,000 tons of gold bullion, which represents more than [...]

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BRICS:The Coming Challenge to U.S. Economic Dominance

April 22, 2013

Source: TFT Late last month, leaders from Brazil, Russia, India, China and South Africa – the so-called BRICS – announced they were forming their own development bank to assist other emerging economies. The yet-to-be-named bank is expected to compete with the World Bank and the International Monetary fund, two institutions with power structures based firmly [...]

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By Way of Deception: Former Israeli Intelligence Operatives Now Working For Hedge Funds

April 18, 2013

Source: Forbes A company staffed with former operatives of Israel’s top intelligence agencies and founded with the help of the former head of the Mossad is being used by hedge funds looking for an edge in the financial markets. Kela Israeli Intelligence has increasingly become a popular service on Wall Street. The firm employs about [...]

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Cyprus to dive into its gold reserves

April 10, 2013

Source: FT Cyprus has agreed to sell gold worth €400m from its reserves as a contribution to an international bailout, roiling the precious metal markets as investors feared it could set a precedent for other troubled eurozone countries. Nicosia’s plan to dispose of most of its gold holdings would be the first such sale by a country [...]

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G4S Readies Guards as Cypriot Banks Prepare to Open

March 27, 2013

Source: CNBC/Reuters A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday. The world’s largest security firm, G4S, moves cash and will provide guards for Cypriot lenders including Bank of Cyprus [...]

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How Much Russian Money Is in Cyprus?

March 21, 2013

Editor’s Note: Is the Cyprus crisis over Russian offshore bank accounts or physical gold. The gold reserves of Cyprus stand at 13.9 tons. StratRisks- Could Cyprus’s gold reserves play a part in the crisis? Source: WSJ How much Russian money is in Cyprus? Ever since the Mediterranean offshore haven shut its banks last weekend, many financial [...]

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The Russians Are Cooking With Gas In Cyprus

March 18, 2013

Source: Sky News The Russians have made Cyprus an offer it can refuse, but only if the EU throws more money at the problem. Gazprom, the world’s largest extractor of natural gas has offered to bail out the Bank of Cyprus in return for effective exclusive control of the gas reserves off the coast of [...]

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Is Asia Heading for a Debt Crisis?

February 25, 2013

Source: Time Of the many reasons why Asia (outside of Japan) weathered the Great Recession more ably than other parts of the world, one of the most important was the fact that the region never experienced a financial crisis. The banks of Asia generally avoided indulging in the toxic subprime securities that tanked some of Wall Street’s most [...]

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Currency wars: It’s starting to look a bit too much like 1931

February 19, 2013

Source: Globe and Mail History may not repeat itself, but the parallels between the world economy in the 1930s and the world economy today are becoming hard to ignore. Then, as now, the world was in the grip of a severe economic downturn and painfully high unemployment. Then, as now, governments tried to restore growth [...]

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Putin’s Strategy: Gold, Oil and Resource Nationalism

February 11, 2013

Source: Bloomberg/SF Gate When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the [...]

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Turkey will not halt Iran gold exports despite sanctions pressure

February 7, 2013

Source: Mineweb Turkey will not be swayed by U.S. sanctions pressure to halt gold exports to Iran but Tehran’s demand for the metal may fall this year, Economy Minister Zafer Caglayan said on Thursday. U.S. officials are concerned that Turkey’s gold sales, which allow Iran to export natural gas, provides a financial lifeline to Tehran, which is largely [...]

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EU and US plan world’s biggest trade bloc

February 7, 2013

Source: DW The world’s two largest economic powers would like to join forces via a free-trade agreement. Yet the hurdles are large. The EU and US are aiming not just for a small trade solution, but for the largest proposal of all. Economists, politicians and entrepreneurs are practically foaming at the mouth. The planned all-encompassing [...]

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Investors start a new scramble for Africa

February 7, 2013

Source: FT t is the ultimate in risk versus return. Hunters of investment exotica are heading to Africa, where some of the world’s riskiest markets are enjoying big gains. After trailing behind more mainstream markets for the better part of a decade, so-called frontier markets as defined by index provider MSCI have climbed more than [...]

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World ‘Plunges Into Currency War’

January 25, 2013

Source: Money News Many government officials around the world are concerned that massive monetary easing in numerous nations is sparking a global currency war. Governments from Germany, to Russia, to Brazil, to Thailand have expressed worry that the world is plunging into a currency war, Bloomberg Businessweek reports. The current focus is on Japan, where [...]

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Currency Wars Expand Their Battlefield

December 22, 2012

Source:IBT When central bankers intervene and manipulate financial markets it distorts investment decisions and creates capital misallocations. The full effects of monetary easing will likely not be known for years, but some investors are taking caution ahead of time. The price of gold has been in decline over the past few weeks. Despite the Federal [...]

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Large Shipments of Gold and Cash Leaving Afghanistan

December 15, 2012

Editors Notes: Currently Afghanistan is a narco state, a cozy relationship between private wealth and a corrupt public authority . Related Articles to purge Afghanistan resources :UN chief says discovery of vast mineral deposits in Afghanistan should be managed properly, Beginning of a new ‘Great Game’ in Afghanistan, Afghan Air Force Probed in Drug [...]

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Burma druglords could cash in on opium and methamphetamine production due to Afghanistan decline

December 13, 2012

Editors Notes: U.S. engagement of Burma is no coincidence. U.S. diplomacy to provide humanitarian aid packages to Burma is a veneer to hide the U.S strategic military shift to Asia Pacific. Why? Economics. Secure natural resources for corporate interests and increase drug production. Security and control of drug and shipping trade routes. Related Articles: Golden [...]

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Russia ‘printing money for Syria’ claims report

November 26, 2012

Source: Telegraph Russia is printing bank notes and sending them by the plane load to Syria to help the besieged regime pay its soldiers and civil servants, a new report suggests. Flight records obtained by the investigative website ProPublica:Flight Records Say Russia Sent Syria Tons of Cash showed that at least 120 and up to [...]

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Investors ready to go to Syria after collapse

November 21, 2012

Editors Notes: Deja Vu Related Article: An All Out Race for Corporations to Raid Libya with “Fixers” Source: Gulf News UAE-based Syrian businessmen will have investment worth $1 billion in Syria across different sectors in the post-Al Assad era, Esmail Al Saeedi, founder-member of the Syrian Development and Rescue Council told Gulf News on the [...]

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Libya helps bankroll Syrian opposition

November 5, 2012

Source: FT The top financier of the Syrian opposition is no Arabian Peninsula oil kingdom or cloak-and-dagger western spy outfit, but struggling, war-ravaged Libya, which is itself recovering from a devastating civil conflict. According to a budget released by the Syrian National Council and posted to its website late on Sunday, the Libyan government contributed [...]

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Iraq: Report on Money-Laundering

October 30, 2012

Source: AP/NYT Iraqi auditors believe as much as $800 million in American dollars is being sent out of the country illegally each week, draining it of hard currency, according to a report by American inspectors released Tuesday. The findings point to widespread money laundering and could focus further attention on Iraq’s central bank, the heart [...]

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Germany to check gold reserves stored abroad

October 25, 2012

Source:Deutsche Welle Much of Germany’s gold reserves are stored abroad, in vaults in the US, Britain and France. No one has actually seen the gold bars for a long time – which has prompted German federal auditors to call for a look. In times of crisis, gold is considered to be a safe haven. But [...]

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Mysterious Algorithm Was 4% of Trading Activity Last Week

October 8, 2012

Source: CNBC A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear. The program placed orders in 25-millisecond [...]

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QE3 Triggers Fear of New Currency Wars

September 27, 2012

Source: CNBC Fear has crept into the foreign exchange markets: fear of central banks. Currency traders are rapidly shifting assets to countries seen as less likely to try to weaken their currencies, amid concern that the fresh round of U.S. monetary easing could trigger another clash in the “currency wars”. Fund managers are rethinking their [...]

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It starts: first Asian bank mulls British exit from the EU

August 9, 2012

So we have a new term: BRIXIT. Japan’s biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or partly. Events could accelerate as soon as this autumn if eurozone woes force the Government to commit to a firm date for a BRIXIT referendum. “The [...]

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Super rich hiding up to $32 trillion offshore

July 23, 2012

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280bn in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real [...]

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Banking scandal: how document trail reveals global scam

June 30, 2012

The interest rate rigging scandal that has engulfed Barclays was the result of a coordinated attempt at collusion by traders working for a coterie of leading banks over at least five years, according to a series of lawsuits and legal rulings filed in courts in Asia and North America. The lawsuits allege the fraud was [...]

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