Greg Hunter – Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today. According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair predicted a few years ago.
Financial writer Bill Holter weighs in, “That was a few years ago, before some of the QE, and Jim has said that $50,000 gold may turn out to be laughably low. . . . I think it is very curious that Bloomberg would run this because Bloomberg is as mainstream Wall Street as you are going to get. . . . It would be my guess that Bloomberg has some type of information that China is going to announce their holdings. I can show you that China has 10,000 tons of gold. That’s pretty easy to do. I use the figure of 10,000 tons, and oddly enough, that is the figure that Bloomberg used.”
Melissa Quinn – For most of his life, Lyndon McLellan has been in the business of country stores—the types of stores where the employees know customers’ names by heart and workers remain loyal for years and years.
His parents owned a general store and grill, and McLellan began helping out there at the ripe old age of 9. Then, 14 years ago, McLellan decided to try his hand at the family business and purchased his own store in the heart of the Bible Belt, naming it L&M Convenience Mart.
Business has been good for McLellan, and though L&M, located in Fairmont, N.C., began as just a convenience store and gas station, he’s since expanded it to include a restaurant that serves hot dogs, hamburgers and catfish sandwiches.
While most of his employees and their families spend Sunday mornings making right with God, McLellan skips church to man the store. He’s there on Christmas Day and during Thanksgiving dinner—a sacrifice McLellan makes for his employees.
“It’s my livelihood,” he told The Daily Signal. “This is all I know how to do. I’m 50 years old, and if I had to do something else, I’d probably be in trouble. This is what I was brought up in. This is all I know.” Continue reading →
The USA’s European Allies have bucked Washington’s pressure to become founding members of China’s Asian development bank. The question is, why?
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Real Reason for the Asian Investment Bank – and Western Participation
The Daily Bell – Defying U.S., European allies say they’ll join China-led bank … Germany, France and Italy said on Tuesday they would join a new China-led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank. – ReutersContinue reading →
Following a number of complaints from those expecting their weekly and monthly salaries to post, the bank apologised on Twitter for the glitch.
“We’re aware that a number of customers are experiencing delays in receiving credits this morning, our tech team are working on this at the moment,” the bank’s customer care account, @UlsterBank_Help tweeted.
Supposedly the problem is minor, short term and only happening at the one local branch. The bank has apologized for difficulties.
Unfortunately, the larger picture makes clear that this will happen again somewhere, and it could happen to many more people.
Even routine maintenance and website updates can be enough to block customers out of their accounts, often without even giving advanced notice; many credit unions, while offering a better choice, likely hold most of the same policies.
Consumer Affairs.com reported on many customers who’ve been shut out of their funds due to Suspicious Activities Reporting including cases where small business owners were considered potentially money launderers for conducting ordinary business by sending out checks to pay bills and employee salaries:
“I am a sole proprietor with a small business and have my income direct deposited into my checking account at 5/3. 3 days ago I went into the bank to get money orders and they treated me like I was robbing the bank. After about 40 minutes, they gave me the money orders and unknown to me had placed two half-a-million-dollar holds on my accounts with them. I was told it looked like money laundering and was treated like I had done something wrong,” she said. “They won’t give me my money and I can’t pay my employees nor my bills. They basically stole my money and I have to fight to get it back.”Continue reading →
The hacker network behind an unprecedented $1 billion attack on banks took control of financial systems by first sending out emails with malware Word files, RT found out from an expert at the Russian cybersecurity firm which revealed the crime.
Greg Hunter – Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today. According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair predicted a few years ago.
European Allies have bucked Washington’s pressure to become founding members of China’s Asian development bank. The question is, why?