2015 is going to be a very interesting year for the global economy (and your wallet). Falling gasoline prices are suddenly giving working-class folk new financial powers. I recommend that instead of spending your hard-earned dollars on casinos, movies and Starbucks, buy GOLD (you can start small - less than $100 will get you a nice gold coin online) and put cash you may have otherwise gambled away intoa #Bitcoin wallet!
A major U.S. currency broker warned its equity was wiped out, a U.K. retail broker entered insolvency and a global foreign-exchange trading house failed when they suffered big losses sparked by the Swiss central bank’s move, which stunned markets Thursday and is now forcing brokers from New Zealand and London to close their doors and face large losses.
On Friday, regulators in Japan, Hong Kong, Singapore and New Zealand sought information from brokers about what happened. In Japan, the Finance Ministry was checking on trading firms after industry sources said the country’s army of mom and pop foreign-exchange traders suffered big losses. [More...]