Police Take Tank Collector’s £2million in Gold Bullion Found in Vehicle’s Fuel Compartment



When a tank collector bought a new tank for £30,000 trade-in, he found more than £2million of gold bullion hidden in the tank’s fuel tank. And then, the police took the precious metals.

Nick Mead found five gold bars while restoring the Russian T54/69 he recently added to his collection of 150 military vehicles.

The 55-year old and his mechanic friend Todd Chamberlain filmed the finding of the gold in case they found munitions and needed to show it to bomb disposal crews. They found instead gold bars weighing up to 12 pounds or 5 kilograms each. The bars are altogether worth more than £2million, reports The Sun. But, the tank collector is no longer in possession of that ancient money.

He said: “We didn’t know what to do. You can’t exactly take five gold bullion bars down to Cash Converters without questions being asked, so we called the police.”

Mr. Mead owns Tanks-a-Lot, where customers can drive any of his tanks on his farm located in Helmdon, Northants in the United Kingdom. He gave up an Army lorry and an Abbot self-propelled gun to procure the T54/69 in the £30,000 after seeing the tank advertised on eBay.

They had found machine gun ammunition before finding the gold. They think the gold was looted by Iraqi soldiers in Kuwait during the Gulf War where-after the tank was captured and shipped to Britain.

Nick said: “They must have cut a hole in the fuel tank and rammed it full of gold bars.”

Two officers took away the bars and gave them a receipt.

Nick said: “Even if I don’t get any of the gold back I will still have my beautiful tank.”

A Northamptonshire Police spokesman did not comment to press.



Americans Don’t Necessarily Believe Government Statistics (Especially Republicans)

Partisanship determines how people see CBO and government output on government statistics, including the jobless rate and even the Census according a new survey by YouGov. U.S. citizens pick and choose what they believe. Republicans are generally more skeptical of the government. Democrats and Republicans, to be sure, have similar reactions on other government stats.

Related: Donald Trump Said He’d Consider a Gold Standard


A majority of Democrats believe most government statistics are reliable, but less than half of Republicans think so; 42% of Republicans, on the other hand, believe few or no statistics provided by government.

For instance, the Congressional Budget Office estimated that 24 million would lose health insurance under the Republican plan. Neither Democrats nor Republicans believed the government numbers, as 46% of Democrats believed more people will lose health insurance and 46% of Republicans believed fewer people will lose health insurance.

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Both parties believe the Census Bureau undercounted how many U.S. in 2010, and many doubt numbers reported by the Bureau of Labor Statistics, suggesting the agency under-reports the true numbers.
Many Republicans believe the crime rate has increased over the last twenty years. The government says they have decreased.

Republicans and Democrats are both likely to believe government statistics when it comes to warming global temperatures — pluralities in both parties say the NASA and NOAA reports are correct.

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However, while three in four Democrats say human activity is the cause, only 29% of Republicans believe this so.

Not much has changed since YouGov did the same survey in January 2015, when 45 percent of Democrats and 19 percent of Republicans saw all or most public statistics as reliable and accurate.

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The data is similar to a trend detected by a Marketplace-Edison Research Poll released last fall in which more than 4 and 10 Americans were found to somewhat or completely distrust the federal government economic data.

Nearly half of Americans, and a supermajority of Trump voters, don’t believe unemployment rates, inflation numbers, household spending figures, health insurance coverage rates, gross domestic product growth and other stats.

Image: Shutterstock

Pound Might Collapse by the End of the Year, says Deutsche Bank

Deutsche bank heads believe Britain could soon pay for leaving the European Union (EU). The bank has issued a startlingly pessimistic outlook for 2017, reporting they believe the pound could fall to $1.06 against the dollar by the end of the year. 

But that’s not all, as reported by Express. According to Deutsche Bank, the pound could reach parity with the euro, representing a 15 percent decline against the dollar and euro. “We do not see sterling (currently) fully pricing a hard Brexit outcome,” said Deutsche bank in a 45-page report about Brexit. “Combined with limited adjustment in the UK’s current account deficit and slowing growth, we see further downside, and forecast $1.06 in by year-end.”



George Saravelos, Deutsche Bank’s global co-head of foreign exchange, said the pound could fall 16 percent – that would be to $1.05 – due to the “incredibly complicated” exit of Britain from the European Union. This week, the sterling traded at approximately $1.25 against the dollar.

Despite Deutsche Bank’s stormy prediction in Britain, the massive bank just announced it would open a new branch in London. Even as Goldman Sachs and Morgan Stanley said they would begin moving jobs.

The IMF Says Donald Trump is Good for the American Economy



As Trump is planned stimulus to pump money to upgrade bridges, roads and other parts of the nation’s infrastructure, and cutting corporate and personal taxes, the IMF is saying the President Trump could  be good for U.S. economy.

Christine Lagarde, head of the International Monetary Fund said Sunday that President Donald Trump will probably be good for the American economy in the short term. She did say rising interest rates and a strengthening dollar will be tough for global trade.

Also Read: Donald Trump Said He’d Consider a Gold Standard

Ms. Lagarde cited Trump’s plans for investment in U.S. infrastructure and his likely tax reforms could do well for America’s economic fortunes. Donald Trump’s policies might be felt in the rest of the world.

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“That’s a tightening that is going to be difficult on the global economy and for which economies have to prepare,” Lagarde said during an event at the World Government Summit in Dubai as reported by USA Today.

Lagarde discussed a creeping and “insidious” anti-globalization movement which has led to a rise in protectionist views. “We have been saying globalization is great, international trade is great — and it is,” she said. “But we have not looked at those who were badly, negatively impacted.” Instead of citing derivatives and bad loans, she cited robots and shrinking incomes of the global middle class.

Regarding Trump in the White House, Lagarde tread lightly, saying “this is really a work in progress — there’s been of announcements, a lot of tweets, a lot of things being said.” She pointed towards the importance of data and facts in decision making.

“I know it’s not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it,” she said.

Her comments mirror IMF statements in January, when the said that a stimulus in spending under Trump should bode well for the U.S. economy.

The IMF’s recent optimism towards the U.S economy comes as the world awaits how the Trump administration will approach global governance.

The IMF’s most recent growth forecast for 2017 is 2.3%, an incremental increase from its 2.2% made in October. Next

Trump has claimed his economic policies would mean a 4% pace.

The IMF called its forecast for the U.S. the most probable of a “wide range of possible scenarios,” citing uncertainty over Trump and a Republican controlled congress will spell.

If Donald Trump pursues stimulus measures above the IMF forecast, U.S growth could prove even stronger. Donald Trump protectionism could stifle the growth.

The IMF’s tune was different during the Presidential election, when they sugested that Trump’s protectionism wold be bad for world economy.

“For two decades before the 2000s, global trade regularly grew by 7%, or twice the rate of the world economy. Today, however, trade growth is below that of the global economy – at about 2%,” Lagarde said.

“There is a growing risk of politicians seeking office by promising to ‘get tough’ with foreign trade partners through punitive tariffs or other restrictions on trade. I am deeply concerned about this – not only because I was a minister of trade, but because trade has been at the heart of the IMF’s mandate for more than 70 years.”



The European Union Wants to Create a Public Bank for Continent’s Toxic Debt



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£910BILLION worth of bad debt could collapse the European Union banking system. The “urgent and actionable” reality in Europe, which has left to increasingly radical parties claiming seats in the continent’s parliaments, has led to regulators on the continent plan for a “bad bank” contingency. Such a “bad bank” would effectively collectivize among the taxpayers the bad bets made by banks on the continent. 

According to Andrea Enria, chairman of the European Banking Authority, EU’s banking problems have become “urgent and actionable.”  Mr Enria recommended an EU “bad bank” be created in order to buy up toxic loans and fix the forlorn economy. The bad bank would use taxpayer funds to buy bad loans from struggling lenders.

Related: The Truth About Gold Buying in Europe

The EU is reportedly researching the ways in which regulators can reduce failing bank loans. A report, co-written by national finance ministries, is due in March, Express UK reports.

EU banking system is burdened by  €1.06trillion in toxic debt. That’s 5.4 percent of the entire EU’s total loans.  Approximately 10 EU states have an average bad loan ratio of 10 percent.



China & Russia are Stockpiling Gold



Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse.

Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes of gold to China, a five time increase over November’s sum and nearly three times the volume in December 2015. (more…)

ChangeTip, One of Bitcoin’s Best Known Brands, Couldn’t Find a Buyer

ChangeTip, an internet app which has facilitated tips over the web via bitcoin for two years, wanted to make it worthwhile for internet users of all varieties to produce quality internet content. “We had a vision for a company that would allow people to spread appreciation on the web for things they enjoyed,” says ChangeTip CEO Nick Sullivan. Now, the experiment is over, and at the end of November ChangeTip will have processed its last bitcoin tip. One of the most recognizable brands in Bitcoin couldn’t find a buyer.  (more…)