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The Chairman, House Committee on Labour and Productivity, Hon. Abdulmalik Madaki has on Monday declared that the Niger State House of Assembly will not accept the decision of the state government to cut down the salaries of civil servants in the state. Madaki, at the Assembly complex in Minna, described the action as unlawful and […]

President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended. On the new board Dr. Ibe Kachikwu who until today occupied the position of Group Managing Director and doubled as Minister […]

Adetokunbo Mukhail Abiru has emerged as the new Managing Director/Chief Executive Officer of Sky Bank Plc. Amongst others appointed is Alhaji Muhammad K. Ahmad, OON who is to serve as the Chairman of the board. The erstwhile leadership of the Bank voluntarily resigned their positions in order to prepare for a new team to further the […]

Vice-President Yemi Osinbajo has on Monday requested that the Chinese government should consider a reduction of tariffs for Nigeria’s products exported to China as currently being done for the country’s neighbours. Osinbajo made the request while receiving some Chinese delegate led by the Vice Minister of Commerce, Mr. Qiam Keming, at the Presidential Villa, Abuja. […]

July 4 – Gold $1350.40 up $13.70 – Silver $20.40 up 86cents(Last prices over prior Comex close) Fireworks: Silver SOARS … Gold Roars! “The gold price manipulation scheme will go down as the biggest financial market scandal in U.S. history.”— Bill Murphy, Chairman of the Gold Anti-Trust Action Committee Brad HoppmannPublisher, Uncommon Wisdom Daily Simply […]Read More

Submitted by Howard Kunstler via Kunstler.com, The mighty Shakespeare in his direst night sweats could not have conjured up the Clinton family in all their sharp angles and dark corners, but we can try to reconstruct the scene last week on Loretta Lynch’s plane out on the Phoenix airport tarmac. Former president Bill steps aboard: […]

In an interview at the 2016 Mauldin Economics Strategic Investment Conference, legendary investor Jim Grant noted, “Cash simply enables one to retain wealth, with an eye towards being opportunistic.” Raising cash and reducing your exposure to volatile financial markets in turbulent times obviously make sense. The key, of course, is finding a safe, profitable investment opportunity […]

Submitted by Shawn Ritenour via The Mises Institute, When I was a boy, one of my favorite holidays was Independence Day. I was an enthusiastic student of the War for Independence. My favorite book was the How and Why Wonder Book of the American Revolution by Felix Sutton. I spent a lot of my childhood […]

In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. While equity markets have rebounded exuberantly post-Brexit, suggesting all is well, British property-related assets have tumbled and, as The FT reports, Standard Life […]

Submitted by Clarice Palmer via TheAntiMedia.org, Holly Harris may wear cowboy boots to work, but the Kentucky mom and Executive Director for the US Justice Action Network (USJAN) is far from your average southerner. This past Saturday, June 25th, Harris talked about her work to a group of journalists and bloggers who traveled to Washington […]

Another day, another fresh record low in Deutsche Bank’s stock price… For comparison’s sake, Deutsche Bank is analogically equivalent to where Lehman was in August 2008… when the stock soared 16% on chatter of a Korean Development Bank bailout… which then was denied, crashing the stock and ending the party… Shares in Lehman Brothers rose […]Read More

It never ceases to amaze how vastly different the investment styles of gold paper vs physical traders are: while we have documented previously how the latter tend to buy progressively more the lower the price (as traditional “buy low, buy more lower” investing would suggest), “investors” in gold paper-derivatives such as ETFs and ETPs are […]