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NEWS

MMM’s Charity in IndonesiaBeneficiencia en IndonesiaMMM公司在印度尼西亚的慈善活动

16.06.2014

In Indonesia more and more people join the MMM Community in order to gift money to each other. But not only MMM members need help. Children and the old, poor people and disaster victims – all of them await for our help. They deserve to live under better conditions. Under the conditions ...

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Pakistan Refuses To Sell $2.7b Worth Of Gold

16.06.2014

Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report. According to the report, the State Bank of Pakistan (SBP) holds over 2 million troy ounces of monetary gold, having $2.7 billion ...

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Pope Francis: The ‘Idolatrous’ Global Economy is Near Collapse

15.06.2014

In a new interview, Pope Francis asserts that “the god of money” is the root of social problems facing the people of the world. The global economy produces war and unemployment, and therefore this economy cannot hold much longer. “The economy is moved by the ambition of having more and, paradoxically, it feeds a throwaway culture,” Francis told to La Vanguardia’s ...

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UK to Make Currency Manipulation a Crime

15.06.2014

British authorities are planning criminal penalties for those who rig benchmark financial and commodity rates. The government will soon propose rules that would criminalize manipulation of the foreign-exchange, fixed-income and commodities market rates. Britain has already introduced a maximum seven-year jail term for trying to manipulate the LIBOR interbank interest rate, and plans to introduce similar criminal penalties for rigging benchmarks ...

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Low Libor Rates Cause A Terrifying Financial Crisis

12.06.2014

“Libor” is an acronym that stands for “London Interbank Offered Rate”, that is derived from the rates that major banks charge each other for loans. As the world’s most important benchmark interest rate, the Libor is used as a reference rate for hundreds of trillion dollars worth of commercial and consumer loans, derivatives, and other financial products across the globe. ...

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