South Korea and Indonesia have agreed to sign a won-rupiah currency swap deal worth $10 billion, a move aimed at strengthening financial cooperation between the two countries, the finance ministry here said Sunday.
The agreement was made between South Korea's Finance Minister Hyun Oh-seok and his Indonesian counterpart during a meeting in Washington on Saturday. Hyun is there to attend the annual meetings of the International Monetary Fund and the World Bank.
Clicck here to read more at the Korea Herald
Tuesday, October 22, 2013
S.Korea Signs $5.4bn Currency Swap Deal With United Arab Emirates
South Korea’s central bank said on Sunday it signed a bilateral, three-year currency swap deal with the United Arab Emirates worth up to $5.4 billion in a bid to strengthen trade and financial ties between the two countries.
The arrangement lets either country swap 5.8 trillion Korean won for 20 billion dirham, or vice versa. The Bank of Korea (BOK) said the agreement expires in three years but can be extended if needed.
S Korea, Malaysia sign US$4.7b currency swap deal
SEOUL: South Korea and Malaysia on Sunday signed a currency swap agreement worth $4.7 billion, Seoul's central bank said, in a move to encourage bilateral trade and help curb currency swings.
The latest agreement allows the two Asian nations to purchase and repurchase each other's currency of up to 5 trillion won ($4.7 billion), or 15 billion ringgit, the central Bank of Korea said in a statement.
Democratic Republic Of Congo Plans to Tax Miners in Francs to Cut Dollar Use
Democratic Republic of Congo Prime Minister Matata Ponyo said his government plans to tax mining companies in local currency in an attempt to “drastically reduce” dollarization in the economy within three years.
The DRC franc has been stable for four years and “we don’t have any justification for people to pay taxes in U.S. dollars,” Ponyo said in an interview on Oct. 11 in Washington, speaking through an interpreter. “We are in the process to de-dollarize our economy and bring people to use the local currency more and more.”
Monday, October 21, 2013
U.S. debt jumps a record $328 billion — tops $17 trillion for first time!!!
U.S. debt jumped more than $300 billion Thursday, the first day the federal government was able to borrow money
under the deal President Obama and Congress sealed last week.
Debt now equals $17.075 trillion, according to figures posted online
by the Treasury Department on Friday.
Click here to read more from The Washington Times
Wednesday, October 16, 2013
China and ECB sign $57bn (350 bln yuan) currency swap deal!!! Another Nail In The Coffin Of The U.S. Dollar
China and the European Central Bank have signed a currency swap agreement worth 350bn yuan ($57bn; £36bn), state-owned Xinhua news agency has said.
Such agreements mean the central banks can exchange currencies and firms can settle trade in local currencies rather than in US dollars.
The deal is one of the largest for China as it looks to build a more international role for the yuan.
Tuesday, October 15, 2013
Wednesday, October 9, 2013
China Imports Over 100 Tons Of Gold Through Hong Kong For The 4th Straight Month!!!
People have been predicting that imports of gold into China would slow down – well August figures suggest they may have, but only by a minute 3 tonnes compared with a month earlier, and the country remains on track to comfortably exceed 1,000 tonnes of known net gold imports for the year, with a total of 723 tonnes imported via Hong Kong for the first eight months.
Extrapolating this over the full year would give a total import figure (via Hong Kong alone) of 1,084.5 tonnes. On the evidence of the past six months’ import figures, the full year total could be quite a bit higher if recent momentum is sustained – and there’s no real sign of it slowing down, at least not yet – it seems more likely that the full year figure could well end up at more like 1,150 tonnes.
Tuesday, October 8, 2013
World Bank Whistleblower Karen Hudes Is Taking The Internet By Storm!!!
Interview With Greg Hunter on USA Watchdog
Karen Claims That The Bank of Hawaii Has 170,000 Tons Of Gold Stored.
More than The World Gold Council Says has ever been mined in History!!!
Project Camelot Interview
Thursday, October 3, 2013
On June 22nd 2013 The Bank of England signed a pound-yuan swap accord!!
Bank of England Governor Mervyn King and his Chinese counterpart Zhou Xiaochuan (周小川) agreed to a three-year currency swap line to promote financial stability and trade between China and Britain.
The maximum value of the arrangement is 200 billion yuan (US$33 billion), according to a statement published by the UK central bank on its Web site on Saturday. The People’s Bank of China put the sterling value at £20 billion (US$31 billion)
Thursday, September 19, 2013
Wednesday, September 18, 2013
25 FAST FACTS ABOUT THE FEDERAL RESERVE
As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. Click Here To Read More At SilverDoctors.Com
Friday, September 6, 2013
Gold Imports to China From Hong Kong Climb on Physical Demand!!
Gold shipments to China from Hong Kong increased in July as importers took advantage of local prices that were an average 2.1 percent higher than global markets and as mainland investors bought jewelry and coins.
Net imports, after deducting flows from China into Hong Kong, were 113 metric tons, from 101 tons a month earlier, according to calculations by Bloomberg. Mainland buyers purchased 129 tons in July, including scrap, compared with 113 tons in June, data from the Hong Kong government showed today.
Poland Nationalizes Retirement Accounts!
Reuters is reporting that Poland has just nationalized their retirement system via a pension fund “overhaul”, a move Poland claims will reduct is public debt by 8 pct of GDP thanks to the theft of their citizens retirement savings.
The plan calls for private pension funds to be forceably converted to a state guaranteed system, without providing retirement holders ANY COMPENSATION!
The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.
Click Here To Read More At Silverdoctors.com
The plan calls for private pension funds to be forceably converted to a state guaranteed system, without providing retirement holders ANY COMPENSATION!
The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.
Click Here To Read More At Silverdoctors.com
The Stock Market Tricks People Into Thinking That The Economy Is Recovering!!!!
The stock market may be hitting all time highs but the economy is not. With the Federal Reserve printing $85 Billion per month the money has to go somewhere and a lot makes it's way into the stock market. Don't be fooled by Wall street!!
Saturday, August 10, 2013
World's First Silver Motorcycle In Mumbai At India International Jewelery Show!!!
Mumbai, Aug 3 — Style statement has reached a new height with the creation of a motorcycle made fully of pure silver by a leading jewelry house here and priced between Rs.5-10 million, a representative of the maker said here Saturday.
The silver bike will be unveiled at the prestigious India International Jewelry Show (IIJS) here Aug 8-12.
Silver Emporium, a leading silver industry player, has created the world's first handcrafted motorcycle in silver.
"It is absolutely road worthy and barring the engine, tyres and suspension, rest all components are in silver," Silver Emporium managing director Rahul Mehta told IANS.
Click here to read more at NYDailyNews.com
Click here to read more at NYDailyNews.com
July 2013 Silver Imports In India Are The Highest In 5 Years.
AHMEDABAD: Silver imports recorded a staggering 258.65% growth at 857 metric tonnes (MT) in the first four months (April-July) of 2013-14 as compared to 239 MT by July 2012.
The imports of 274.922 MT in July are the highest in last five years in the first four months of a financial year. In fact, silver imports in July 2013 are the second highest in any month in the last five years.
Gold replaces narcotics as the biggest smuggled item in India!
The recent series of actions by the Indian government along with tax hike on bullion imports have created acute shortage for gold in domestic markets. Estimates released by the country’s Finance Ministry have signaled alarming rise in illegal gold imports to the country.
The Bombay Bullion Association has stated that the tighter import curbs by the government have resulted in a huge gap between supply and demand for the precious metal. This huge gap is being partly filled by the illegal traffickers who buy the gold overseas at a cheaper rate and sells it to domestic jewelers or bullion agents by evading tax.
Click here to read more at Resource Investor.com
The Bombay Bullion Association has stated that the tighter import curbs by the government have resulted in a huge gap between supply and demand for the precious metal. This huge gap is being partly filled by the illegal traffickers who buy the gold overseas at a cheaper rate and sells it to domestic jewelers or bullion agents by evading tax.
Click here to read more at Resource Investor.com
Tuesday, July 30, 2013
Friday, June 14, 2013
Saving Real Money By James Turk
Up until the late 1960s, it was considered prudent for everyone to have some savings. By forgoing consumption, savings gave the ability to consume more at a later date through the accumulation of interest income.
This result is similar to what one hopes to achieve with an investment, but savings and investments should not be confused. A person uses money to make an investment, whereas saving is the process of accumulating money itself. Thus, you put your money at risk when making an investment, which hopefully will become a wealth-creating asset. In contrast, savings are meant to be riskless.
Continue reading at the link below:
Wednesday, May 8, 2013
China Imports A New Record 223.5 Tons Of Gold In March 2013
After the gold rush is thought to have waned, and the two tons of gold American Eagle coins sold by the U.S. Mint (in one day alone), has faded from the headlines, we find the simply shocking news:
223.519 metric tons (mt) of gold was imported into mainland China for the month of March. Compare that to the 51.3mt and 97mt imported in January and February, respectively. When was the last time China even came close to importing gold on this scale?
Click here to see full article.
Click here to see full article.
Thursday, April 25, 2013
Lindsey Williams "I was so sick, I thought I was going to die"
Lindsey starts at 2hrs 25 minutes into the show
Thursday, April 18, 2013
Friday, April 5, 2013
Japan aims to jump-start economy with $1.4tn of quantitative easing!
Japan's central bank has promised to unleash a massive program of quantitative easing – worth $1.4tn (£923bn) that will double the country's money supply – in a drastic bid to restore the economy to health and banish the deflation that has dogged the country for more than a decade.
As part of a new set of policies known as Abenomics, formulated by Japan's new prime minister Shinzo Abe, the Bank of Japan will buy ¥7tn yen (£46bn) of government bonds each month using electronically created money, with the aim of rekindling demand and pushing up prices and wages.Thursday, March 28, 2013
Argentina extends price-freeze accords for 2 more months
(Reuters) - Argentina's government forged an agreement on Tuesday with top retailers to extend a freeze on prices for another two months, the latest attempt to contain inflation estimated by private economists at above 20 percent a year.Click Here To Read More At Reuters.Com
Monday, March 18, 2013
Federal Judge Dismisses Silver Manipulation Lawsuit Against JP Morgan
A federal judge has dismissed a class-action lawsuit claiming J.P. Morgan Chase & Co. (JPM) manipulated prices in the silver market between June 2007 and October 2010.
In an order posted Monday, U.S. District Judge Robert Patterson said a group of silver investors did show J.P. Morgan and its traders had the power to influence the silver market, but didn't prove the bank manipulated prices or took action to "cause artificial prices to exist" on CME Group Inc.'s (CME) benchmark Comex silver futures contract.
Click Here To Read More From FoxBusiness.com
Friday, March 8, 2013
Do Western Central Banks Have Any Gold Left???
By: Eric Sprott & David Baker
Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro.
Click Here To Read More at Sprott.Com
Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro.Click Here To Read More at Sprott.Com
Friday, March 1, 2013
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