Steinhoff CEO Marcus Jooste quits amid accounting ‘failures’ saga, Wiese to take over.

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JOHANNESBURG — Global furniture and clothing retailer Steinhoff has made a shock announcement overnight, saying that its CEO Marcus Jooste has resigned with immediate effect. His departure follows a controversial report that appeared in German business magazine ‘Manager Magazin’ in August this year. Manager Magazin reported that German prosecutors suspected that inflated revenue was reported… Read More

Crypto Surge Sparks Establishment Panic: Bans, Crackdowns, & Fatwas As Bitcoin "Undermines Governments, Destabilizes Economies"

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The last few months have seen increasing notice being paid to Bitcoin (and the broader cryptocurrency space) by those that control the status quo. At first it was simple 'negative'-speak – "you'd be a fool to buy Bitcoin"-esque comments spewed forth from the truly ignorant or intentionally-ignorant (this group included bank CEOs, asset managers, payments… Read More

An “Earnings Driven” Meme

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“A meme (/ˈmiːm/ MEEM) is an idea, behavior, or style that spreads from person to person within a culture – often with the aim of conveying a particular phenomenon, theme, or meaning represented by the meme. A meme acts as a unit for carrying cultural ideas, symbols, or practices, that can be transmitted from one mind to another… Read More

Own Gold Bullion To “Support National Security” – Russian Central Bank

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– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances… Read More

Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive

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– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk… Read More

The Bitcoin Bubble Explained in 4 Charts

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…Many financial pundits and crypto advocates have scrambled to argue whether Bitcoin is a bubble or not so, as the financial community takes sides, I have dug into Bitcoin’s tremendous run using nothing but hard data to see whether it’s in bubble territory or not. Below is what I found as illustrated in 4 charts. The… Read More

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

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– Geopolitical risk highest “in four decades” should push gold higher – Citi – Elections, political and macroeconomic crises and war lead to gold investment – Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank –  “There has rarely been such political uncertainty in Germany at any time… Read More

Bitcoin Soars To Record High Above $8000 After Mugabe Speech

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With Bitcoin trading at $13,499 on Golix, the chaotic environment in Zimbabwe has spread to the global price of the cryptocurrency driving it beyond $8000 for the first time in history as President Mugabe fails to resign in a national address following the nation's coup. It appears many Zimbabweans have found an alternate way to… Read More

Former Model Accuses Senator Al Franken Of "Kissing And Groping" Her Without Consent

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The anti-sexual harassment backlash started with the Harvey Weinstein expose claimed its latest victim on Thursday when news anchor, former model and sports broadcaster Leeann Tweeden accused Minnesota’s Democratic Senator Al Franken of “kissing and groping” her without her consent in 2006. In an essay published this morning on KABC, Tweeden accused Franken of groping… Read More

Gold Price Rigging Continues

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IM Gold 10-11-2017

Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More

The World's Biggest Bubbles

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We recently discussed (see here) Alberto Gallo’s (portfolio manager of Algebris Macro Credit Fund) shot at the $64,000 (more like trillion) question in his report “The Central Bank Bubble: How Will It Burst?”. As we said at the time, one of our favourite parts of the report was “The Money Tree” infographic which explains how… Read More

Gold Price Rigging Charts

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IM Gold Price 07-11-2017

Investing Matters has been monitoring the extreme price movements on the Gold paper price. Most of the extreme, DOWN price movements are done when London and New York Comex overlap, as illustrated on the chart below. Here are other Gold Price Charts showing the gold price take down.           I would… Read More

Why NIA Loaded Up on Bitcoin Cash

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After shorting Bitcoin on Thursday at $5,950, NIA announced on Sunday that it had covered its Bitcoin short position at $5,750 for a small profit and had taken a long position in Bitcoin Cash at $450. The CME is getting ready to launch Bitcoin futures contracts, which will make it much easier to naked short Bitcoin and slam its price down like the big banks do to gold and silver with the backing of the Federal Reserve. When this happens, NIA predicts that the Cryptocurrency community will turn… Read More

The Persecution of Norman Finkelstein

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The Persecution of Norman Finkelstein The courageous Norman Finkelstein is being persecuted by corrupt police apparently working for two corrupt lawyers. https://www.change.org/p/janet-difiore-chief-judge-of-the-state-of-new-york-norman-g-finkelstein-must-walk-free The post The Persecution of Norman Finkelstein appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org