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Belgium: Complaints Laid over Carnival Float Depicting Jews as Money Manipulators Causing Inflation
The Forum of Jewish Organizations (FJO) and the Coordination Committee of Jewish Organizations in Belgium (CCOJB) have lodged a complaint with the “anti-racist” organization Unia and the Belgian authorities over a float in the traditional Lent parade in the town of Aalst which depicted Jews sitting on bags of money as being behind inflation and the high cost of living.
According to a statement...
Zimbabwe rioters want Rhodesia back and UK recolonization: 'What have we been liberated from?'
In four decades of independence, Zimbabwe’s rulers have been able to deploy the security forces to crush protests even as the southern African nation sank deeper into economic crisis.
Judging from the latest bout of unrest, that may no longer be true.
Crowds showed little fear as they poured onto the streets of the capital, Harare, and other major cities when the main labour federation called a...
Trump’s Energy Policies Result in Lower Prices at the Pump and Inflation Dropping to 1.6%
According to the US Bureau of Labor Statistics the US inflation rate decreased to an eight month low in June to 1.6%.
Joana Taborda at Trading Economics wrote:
Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent...
Brazil inflation hits 13-year high
Official figures show inflation in Brazil last year hit the highest level since 2002.
Official figures show that Brazil’s inflation hit the highest level in 13 years in 2015 over what many believe has been a result of economic mismanagement that has been worsened by a political crisis in Latin America’s biggest economy.
The government announced on Friday that annual inflation reached 10.67...
Brazil's inflation at 12-year high
Brazil’s inflation climbed above 10 percent in November reaching the highest level in 12 years.
Brazil’s inflation climbed above 10 percent in November reaching the highest level in 12 years, the government announced on Wednesday.
Consumer prices over the past month stood at 10.48 percent – a figure that was above expectations and could force tighter monetary policy despite a severe recession.
The...
Gold predicted falling world growth and inflation
My exposure to resource stocks is as low as it has been in recent history and still, I’m nervous. Things are happening that shouldn’t be. The last time I said that was last July when I turned bearish and defensive on gold.
And here in October I’m sensing the same thing. Let me repeat my thesis: that the world economy is moving toward deflation and recession and the realization of...
Inflation Getting Severe in the US, All Prices Going Up
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the...
Argentina braces for strike over inflation, crime
Argentina is bracing for a major strike over high inflation and crime levels in the Latin American country.
Three of the country’s five major unions are expected to take part in Thursday’s labor action in protest against the government’s attempt to cap salary increases.
The 24-hour walkout is expected to severely disrupt the country’s public transportation.
The government is struggling...
Fed up? US expected to cut cash stimulus
The main question ahead of the key Fed meeting on Tuesday is whether the world’s largest economy can survive on less government monetary stimulus. Data shows the economy is still luke-warm but politics will encourage the Fed to slow quantitative easing.
Chair Ben Bernanke gave strong hints in August that the Fed would decide to begin tapering its stimulus in September. If he reneges it could destabilize...
IMF censures Argentina, threatens sanctions
The International Monetary Fund (IMF) has issued Argentina with a ‘declaration of censure’ for providing inaccurate inflation and GDP data and has given it until September 29th to amend the problems or will impose sanctions.
The IMF Friday called on Argentina to fix its statistics “without further delay”
“The fund has issued a declaration of censure against Argentina in connection...
Argentinians hold largest anti-government demos in decade
Protesters hold a demonstration at the iconic Obelisk in Buenos Aires on November 8, 2012.
Thousands of people have held demonstrations in Argentina to protest against the policies of President Cristina Fernandez de Kirchner.
The protests on Thursday night are said to be Argentina’s biggest anti-government demonstrations in more than a decade.
Demonstrators in Argentina are infuriated by the rising...
Argentina’s president lashes out at IMF over 'red card' warning
Argentinean President Cristina Fernandez addresses world leaders at the United Nations General Assembly on September 25, 2012 in New York City.
Argentine president has blasted the International Monetary Fund after the financial institution warned the Latin American country could get ‘a red card’ for failing to provide reliable data on its economy.
The head of the IMF Christine Lagarde on Monday...
Wal-Mart CEO Bill Simon expects inflation
U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.
The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.
Still, inflation is “going to be...
Republicans grill Bernanke over inflation threat
Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, Feb. 9, 2011, before the House Budget Committee.
Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed’s policies are raising the risk of higher inflation in the months ahead.
House Budget Committee Chairman Paul Ryan, R-Wis., said he is concerned that...