LEIKA KIHARA TOKYO — Reuters Published Friday, Oct. 04 2013, 5:53 AM EDT A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery under way in the world’s third-largest economy was threatened. But for…
Today David Stockman stunned King World News when he warned the coming financial collapse is “going to be catastrophic.” Stockman also said that we will see “massive selling” of overpriced financial assets, but he also made the frightening prediction that “there won’t be any bids.” KWN takes Stockman’s warning very seriously because he is the man…
By Ed LaRue 10/04/2013 6:02am Banks across the United States are gearing up for a possible panicked run to withdraw funds as the October 17th debt ceiling deadline draws near. This according to an FT article published just hours ago. From the article: US banks have been stocking cash machines with extra funds to…
Published on Oct 3, 2013
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The staggering cost of student loan debt is daunting — it tops $1 trillion. Now there is new data showing that students are increasingly faltering under the weight of this debt. Related: What’s Really Wrong with Student Loans The U.S. Department of Education says figures reveal one in seven borrowers defaulted on their federal student loans. The default…
By Tyler Durden Created 10/03/2013 The President warned yesterday that “this time is different,” and now the Treasury has weighed in with an even more ominous warning. In their statement, they note: *TREASURY OFFICIAL: CONGRESS ACTION ONLY WAY TO AVOID DEFAULT *TREASURY SEES ‘TENTATIVE’ SIGNS IMPASSE AFFECTING MARKETS *TREASURY SAYS BILL YIELDS MAY REFLECT `NASCENT CONCERNS’ *TREASURY:…
With stocks struggling once again, today one of the legends in the business warned King World News that the U.S. is going to see a “monster collapse.” This man has lived in 18 countries around the world, and he witnessed collapses in many of these countries, but today he issued this ominous warning, “This collapse…
Published on Oct 2, 2013
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October 1, 2013 Obamacare Is Another Private Sector Rip-Off Of Americans The private sector allied with government is a second IRS Paul Craig Roberts The government of the “world’s only superpower,” the “exceptional,” the “indispensable” country, claims to know what is best for Syria, Iraq, Afghanistan, Libya, Yemen, Pakistan, Somalia, Mali, Russia, Venezuela, Bolivia, Ecuador,…
Oct. 1 (Bloomberg) — Pimco’s Bill Gross comments on the U.S. government shutdown and the possibility of a U.S. default. He speaks with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
In the aftermath of the brutal takedown in gold and silver, today the man who predicted the smash ahead of time spoke with King World News about what investors should expect next. William Kaye, who is one of the savviest and most well-connected hedge fund managers in the world, also told KWN exactly why the…
Today’s AM fix was USD 1,332.25, EUR 983.14 and GBP 819.85 per ounce. Yesterday’s AM fix was USD 1,335.75, EUR 989.59 and GBP 827.30 per ounce Gold fell $8.20 or 0.93% yesterday, closing at $1,327.80/oz. Silver dropped $0.05 or 0.23%, closing at $21.72. Platinum fell $12.04 or 0.9% to $1,401.06/oz, while palladium slipped $6.25 or…
How long will countries around the world continue to look the other way? Reuters/Mariana Bazo By Roberto A. Ferdman @robferdman September 30, 2013 Peru isn’t merely one of the world’s largest exporters of gold—it’s also one of its dirtiest. According to a recent report by international labor watchdog Verité, over 20% of the gold being mined in Peru is…
With continued chaotic trading in the gold and silver markets, today King World News interviewed one of the top strategists in the world, Robin Griffiths of Cazenove out of London. Cazenove Capital is the appointed stockbroker to Her Majesty The Queen. The acclaimed strategist accused the US government of causing this smash in the gold…
