The worst U.S. drought since 1936 has devastated crops and livestock across the country and opened the floodgates to opportunists hawking genetically modified (GM) seed products. Worse yet, socioeconomic experts now predict that the world may be less than one year away from a catastrophic food crisis that could lead to even more political instability and civil unrest. Meanwhile, consumers are bracing for a ...

The International Monetary Fund will lower its forecasts for global economic growth to 3.3 percent this year and 3.6 percent in 2013 from earlier forecasts of 3.4 percent and 3.9 percent respectively, a Germany newspaper reported on Friday. The IMF expects the euro zone economy to shrink by 0.4 percent this year and then grow 0.2 percent in 2013, business daily Handelsblatt said in a preview of the fund's l ...

97% owned presents serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where do ...

Gold could hit an all-time high of $2,400 by next summer, driven up by a third round of quantitative easing in the US. The first round of QE in February 2009 caused the gold price to increase rapidly from a base of $900/oz – from which it has never looked back. BlackRock fund manager Evy Hambro who invests in the precious metal and gold equities, predicted that QE3 could result in the gold price hitting US$ ...

Iran will defeat an enemy "conspiracy" against its foreign currency and gold markets, an adviser to the country's supreme leader said on Friday, following violent protests that closed Tehran's grand bazaar. Riot police clashed with protesters and arrested money changers on Wednesday during demonstrations triggered by the collapse of the rial, which has lost around a third of its value against the dollar in ...

    Well, isn’t that convenient?  The Obama campaign desperately needed the last employment report to be released before the election to show that the unemployment rate had fallen below 8 percent, and somehow it magically happened. Even though non-farm payroll employment only increased by 114,000 last month (not enough to even keep up with population growth), the official unemployment rate fell fr ...

The would-be class-action lawsuit against Google filed in Vancouver on Thursday is the latest sign of the international legal gang-tackling of the tech giant over privacy concerns. A mob of web surfers, cell-phone users, civil libertarians and lawmakers is chasing the computer-services behemoth. For the last few years, it has been one piece of bad news after another for Google over its surreptitious collect ...

Over the past 40 years, the Federal Reserve has been force-feeding the world the idea that its printing press puts out more valuable paper than anyone else’s. This is, of course, because in 1971 it was given legislative approval to manage the U.S. currency, without any asset restrictions. At the time the world was already addicted to U.S. dollars as a reserve currency due to the dollar’s tie to gold. As lon ...

The National Bank of Canada is attempting to foreclose upon hundreds of American families’ homes in California over old credit card debts, according to a published report. Bay Citizen reporter Rick Jurgens writes that the bank’s debt collection unit, Credigy Receivables, began filing foreclosure lawsuits recently that take advantage of a loophole in California’s laws that lets them go directly for a debtor’ ...

A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch. The result was a slight improvement from the 2011 deficit of $1.3 trillion. The bleak figures from the Congressional Budget Office, while expected, add fodder for the heated presidential campaign, in which Obama's handling of the ec ...