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Russia may turn to cryptocurrencies in oil trade to challenge sanctions & the petrodollar

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The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says. Russia, Iran and Venezuela have more than one thing in common. All three are major oil producing nations dependent on the dollar since the global crude market is traditionally... 

Gold price will explode & Dollar get wiped out, warns investor Peter Schiff

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Peter Schiff was among the few economists who correctly predicted the financial crisis in 2008. Ten years later, he sees another crisis emerging: a crisis that can crash the stock market and wipe out the US dollar. “I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of... 

Niger President Wants 600 Billion Per Year from Europe Or Else

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Mahamadou Issoufou, the President of Niger, says that Africa needs 600 billion per year in development aid. This would also help the developed countries, as poverty is the cause of terror and migration. Issoufou: Let me recall the “Goals for sustainable development” of the United Nations. This sustainability agenda identified the need for 600 billion dollars per year to support Africa’s development.... 

$20 Trillion US Debt Should Keep People Awake At Night: Federal Reserve

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With Congress wrestling over a tax reform plan that critics say would explode the government budget deficit, Federal Reserve Chair Janet Yellen said she also is concerned over the surging level of public debt. A Senate committee passed the GOP-sponsored proposal, which would slash the corporate tax rate and lower individual income rates for many Americans. However, the price tag of the plan is in... 

Kim Dotcom announces plan plan to launch "perfect cryptocurrency"

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Kim Dotcom has sketched out his vision for a “perfect cryptocurrency” that would be fast, cheap and popular enough to keep it outside the influence of the world’s largest financial institutions. Dotcom gave fans the broad strokes of his plan in a Twitter post, saying that high-speed transactions and low fees of a universal cryptocurrency would help transfer control from banks and corporations... 

SHOCK! Bitcoin hits $10,000 landmark on exchanges

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Bitcoin has long beaten the price of gold which is the most valuable PHYSICAL currency in the world but but….. $10K? For a freaking VIRTUAL money? CASH OUT IMMEDIATELY while you still can! SURE, it may, or may NOT hit 15K, 20K, 30K or God knows how much but eventually this Bitcoin stuff is just an artificial virtual ponzi scheme bubble which will blow up some day. It will blow up one day and... 

Price of Gold may hit $5000 an ounce in 5 years

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A prolonged period of cheap money and the shift of investor focus to gold as a haven from geopolitical and financial risk could boost the price of the precious metal to over $5,000 an ounce in five years, McEwen Mining CEO Rob McEwen says. If that happens, “there is going to be a tsunami of money looking for a place to go,” he told Bloomberg at a mining industry conference in San Francisco. One... 

Liechtenstein GDP Larger than 14 African States Combined

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Liechtenstein (population 37,000) has a Gross Domestic Product (GDP) larger than 14 African states, while Belgium (pop. 11m) and Australia (pop. 24m) have a GDP larger than 41 African states and their population of more than 990 million all added together—definitive proof that achievement is linked to race, and not “environment.” Gross Domestic Product (GDP) is a measure of the value of economic... 

Venezuela defaults on £45bn debt after missing payments

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Venezuela has defaulted on its £45billion debt after missing interest payments sparking fears investors could seize the country’s oil as payment. Caracas faced the first of what could be a cascade of defaults on its enormous foreign debt Tuesday as financial experts Standard and Poor’s declared the crisis-torn South American country in ‘selective default’. S&P’s... 

Beautiful horse-riding Russian postwoman becomes AliExpress face in China

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A Russian postwoman who delivers mail to villages around Moscow on horseback has become the face of online trading platform AliExpress. She gained two million fans in China after a documentary about her job aired on a Chinese channel. Maria Rubtsova from Moscow relocated to the capital’s suburbs to work for the Russian Post in 2015. Now, the 24-year-old is delivering mail to eight villages in her... 

Richest 1% have More Money than Poorest Half of World's Population

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The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis. The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports. “The downward trend reversed after 2008 and the share of the top one percent has been... 

Foreign Investors Seek Role in Post-War Syrian Economy

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In Syria’s eastern province of Deir ez-Zor, units from the Syrian Army, alongside troops from the wider coalition of pro-government forces, are continuing to advance against Daesh terrorists, liberating additional cities, villages and oil fields at an impressive pace. Although Islamist militants remain present and active in other parts of the war-torn state, particularly in the north-western... 

The Federal Reserve Has Just Given Financial Markets the Greatest Sell Signal

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Why have stock prices risen so dramatically since the last financial crisis? There are certainly many factors involved, but the primary one is the fact that the Federal Reserve has been creating trillions of dollars out of thin air and has been injecting all of that hot money into the financial markets. But now the Federal Reserve is starting to reverse course, and this has got to be the greatest... 

Europe considers getting rid of IMF and creating own fund

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Relations between Europe and the International Monetary Fund (IMF), which have carried out several bailout programs together, may change dramatically as the eurozone intends to replace the fund’s presence in bailouts. The European Commission plans to give more responsibility to the European Stability Mechanism (ESM) which helps eurozone countries to borrow money. The ESM will monitor and enforce... 

China Poised and Ready to Become World's Superpower

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Chinese President Xi Jinping has announced plans to turn his country into the world’s strongest nation by 2050. David O’Brien of the University of Nottingham Ningbo China explained to Sputnik what could be behind Beijing’s push for global dominance. Sputnik: What is your outlook regarding China’s future development? How likely is it to become the biggest superpower? David O’Brien:... 
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