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ā€œBiggest leak in the history of data journalism just went liveā€ – Edward Snowden

ā€ 2.6 terabyte leak of Panamanian shell company data reveals ā€œhow a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of politicians, Fifa officials, fraudsters and drug smugglers, celebrities and professional athletes.ā€ PANAMA PAPERS The secrets of dirty money This Is The Leak 2.6 terabytes, 11.5 million […]

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Venezuela today looks like Zimbabwe 15 years ago

VISITING a supermarket in Venezuela is like entering Monty Pythonā€™s cheese-shop sketch. ā€œDo you have any milk?ā€ The shop assistant shakes her head. Sugar? No. Coffee? No. Soap? No. Cornflour? No. Cooking oil? No. Do you in fact have any of the products that the government deems so essential that it fixes their prices at […]

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Canadaā€™s golden age is over – Canada has used up all of its gold reserves

Canada has used up all of its gold reserves. For the first time since 1935 the country is out of gold. The volume of gold reserves in Canada has declined steadily over the past 50 years. In the mid-1960s, Canadaā€™s gold reserves exceeded 1,000 tons. By 1985, half had been sold. In 2015, the reserves […]

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George Soros Calls on EU to Bankrupt Itself in Order to Destroy Itself

In an editorial released Wednesday, George Soros said the European Union faces ā€œmortal dangerā€ and must ā€œurgentlyā€ use their ā€œAAA credit ratingā€ to take on massive debt so that their refugees can be provided with ā€œformal employment opportunities, health care, and education,ā€ lest the EU continue ā€œcoming apart at the seams.ā€ Soros writes in ā€œThe […]

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Canada Sells Nearly Half Of All Its Gold Reserves

By Monique Muise, as published on Global News Canada sells nearly half of all its gold reserves The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset. According to the International Monetary Fundā€™s International Financial Statistics, Canada […]

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CHINA HAS ORDERED IT’S BANKS TO STOP PURCHASING U.S. DOLLARS

CHINA HAS ORDERED IT’S BANKS TO STOP PURCHASING U.S. DOLLARS In a stunning move, China has suspended some banks from Foreign Exchange markets and ordered otherĀ banks toĀ stop buying Dollars. China’s foreign exchange regulator has ordered banks in some of the country’s major import and export centers to limit purchases of U.S. dollars this month, three […]

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58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

Submitted by Michael Snyder via The Economic Collapse blog, The world didnā€™t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that […]

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Greeks Told To Declare Cash “Under The Mattress”, Jewelry And Precious Stones

When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash “under the mattress” (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this […]

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Bank Of Ireland Bans “Small” Cash Withdrawals At Branches

As central planners the world over grapple with the effective ā€œlower boundā€ thatā€™s imposed by the existence of physical banknotes, thereā€™s been no shortage of calls for a ban on cash. Put simply, if you eliminate physical currency, you also eliminate the idea of a floor for depo rates. After all, if people canā€™t withdraw […]

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