With a recession in sight and global markets shedding more than $3 trillion in losses since the start of the New Year, some observers are wondering what central banks and policymakers can do next to stop the bloodshed. Governments and central banks are already more indebted than ever before (SEE: BIS warns Federal Reserve rate […]
Archives for January 2016
Canadians bracing for greater food price hikes in coming months
There is no end in sight to skyrocketing food prices for Canadians everywhere, from British Columbia to Prince Edward Island. Due to the loonie’s 13-year low, many in the food industry are warning that consumers can brace themselves for higher food prices in the coming months. Although officials and central banks aren’t too concerned about […]
Report says Russia’s foreign reserves will be exhausted by late 2017
The collapse in oil prices may seen Russia’s foreign reserves completely exhausted within the next 18 months, says a new report from the New York Times. The newspaper reports that with tax revenues plunging, oil and gas prices still plummeting and sanctions still applied to Russia, the country’s economic woes won’t get any better anytime […]
War on Cash: Norway’s biggest bank wants a cashless society because of crime
If you didn’t notice, the world is inching ever so closer to a cashless society. This has been the common trend over the last couple of years, and it’s an idea supported by bureaucrats, economists, financial institutions and statists everywhere (SEE: Citi economist loses his mind – proposes abolishing cash, taxing currency). The latest to […]
Libyan war over gold dinar & other reasons to fear for humanity’s future this week
It’s true. We’re all just a bunch of babies. Here are reasons to fear for humanity’s future from this past week’s headlines: Small Ontario Town Upset Over Tattoo Discrimination Have you ever heard of a town in the province of Ontario called Fergus? Likely not, and many other Canadians haven’t either! But the town is […]