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Hungary Repatriating Tons of Gold From UK Amid Fears of Economic Crisis

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Central banks around the world have been building up their gold stockpiles to make sure they are stored on soil they can trust. The National Bank of Hungary (MNB) says it is bringing back three tons of the country’s gold reserves stored at the Bank of England in London, Gold Seek reported. The move to repatriate 130 million dollars’ worth of gold from Budapest previously stored on British soil... 

Eurostat discovers that the EU has at least €12.5 TRILLION Debt

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The 28 member states of the European Union (EU) have a total debt burden of €12.5 trillion, which could be even bigger, according to the latest figures from the EU statistics office, Eurostat. Data shows that in the third quarter of 2017 the EU’s debt-to-GDP ratio fell from 82.9 percent to 82.5 percent when compared with the same quarter of the previous year. Greece’s general government-debt-to-GDP... 

Gold price could hit $10,000 if US Dollar falls

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A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. “This is gold’s breakout year. We are in the third bull market of my lifetime – and we have a very long way to run,” Rickards said in an interview to Kitco News. The reasons for... 

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... 

$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... 

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... 

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... 

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... 

Bitcoin ‘going to implode’ like Enron: Saudi billionaire Alwaleed

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Bitcoin is going to implode, repeating the fate of US energy and commodities giant Enron, Saudi billionaire investor Prince Alwaleed bin Talal said. “It just doesn’t make sense,” Alwaleed told CNBC’s Squawk Box program when asked about the prospects for Bitcoin. “This thing [Bitcoin] is not regulated, it’s not under control, it’s not under the supervision” of any central... 

US debt surpasses historical $20 trillion

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The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money. As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person and over $167,000 per tax payer. The debt number had been stagnant since March due to the debt ceiling,... 

Germany Spent €20 Billion on Invasion in 2016

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The German government in 2016 provided €9.3 billion euros ($10.4 billion) to its sixteen states for assisting nonwhite invaders pretending to be refugees and a further €11 billion euros on welfare handouts in Third World countries in failed efforts to halt the flow. The figures are from a federal government report approved and published by Chancellor Angela Merkel’s cabinet on Wednesday. A... 

Puerto Rico files for historic $70 billion bankruptcy

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The Commonwealth of Puerto Rico is seeking the largest municipal bankruptcy filing in US history, after failed negotiations with creditors over its $70 billion debt crisis. That’s more than four times the debt Detroit collapsed under. On Wednesday, the Financial Oversight and Management Board for Puerto Rico announced they had moved to place the US territory into federal bankruptcy court, making... 

Millions Try to Flee socialist Venezuela but are unable, No Materials to Print Passports

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While shortages of basic foods, medicines, and toilet paper may be a major societal problem, the people of Venezuela face an even more existential problem: the nation now lacks the materials to meet the soaring demand for new passports – making it almost impossible to leave the socialist utopia. “People used to move to Venezuela from all over the Americas, Europe and Asia and now they are all... 

Globalists go NUTS, threaten: If Le Pen is Elected in France The World Will Blow

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With two months left until the French election, analysts and political experts find themselves in a quandary: on one hand, political polls show that while National Front’s Marine Le Pen will likely win the first round, she is virtually assured a loss in the runoff round against either Fillon, or more recently Macron, having between 20 and 30% of the vote; on the other, all those same analysts and... 
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