Search Results for: credit Suisse

A history of the world: BRIC by BRIC

Goldman Sachs — via economist Jim O’Neill — invented the concept of a rising new bloc on the planet: BRICS (Brazil, Russia, India, China, South Africa). Some cynics couldn’t help calling it the “Bloody Ridiculous Investment Concept.” Not really. Goldman now expects the BRICS countries to account for almost 40% of global gross domestic product …

Read More »

It’s a matter of trust

Part 1 “All the world is made of faith, and trust, and pixie dust.” ― J.M. Barrie – Peter Pan         “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton Who do you trust? Do …

Read More »

Ways You Can Reach Financial Freedom

Ideation of having finances in order remains little more than a fantasy for many people. With the average cost of tuition at an in-state public college now over $25,000 per year, this means an unprecedented amount of people cranked out of the system with a massive debt burden. Chances are …

Read More »

Where to Next for Big Banks?

Of all the industries available to investors, few offer more long-term stability than the banking industry. This is not to say that the banking industry has stellar growth prospects; on the contrary. After the US presidential election outcome on November 8, 2016, many pundits were expecting bank stocks to soar. …

Read More »

How the Economy Affects Mortgage Rates

Family home

The interest rates on mortgage loans have a direct effect on how much money will have to be repaid on a home. While home buyers are always aiming for the lowest interest rates possible, lenders have to cover for the risk by adjusting their interest rates accordingly. Only buyers with …

Read More »

Global derivatives: $1.5 quadrillion time bomb

Finance chart derivatives

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements (BIS) data show around $700 trillion in global derivatives.  Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – …

Read More »

The Economic Effects of Online Gambling

Online gambling dice play

There are few industries as far-reaching and as globally present as online gambling. People all over the world enjoy the many gambling sites available online, making this one of the most lucrative businesses present today. Its influence on the economy is equally astounding, comprising a great portion of the revenue …

Read More »

Bradley Manning demands dismissal of his case due to inhuman punishment

Bradley Manning is expected to testify in a pretrial hearing that he has been punished illegally by being locked in solitary confinement. The whistleblower hopes that his inhumane punishment is grounds for having all charges against him dismissed. Manning, who is accused of sending classified information to WikiLeaks, will testify …

Read More »

Audit the Fed bill passed by House panel

Audit the Fed bill Ron Paul

A House panel on Tuesday approved legislation that would let a government watchdog audit the Federal Reserve’s monetary policy decisions, a move bitterly opposed by the central bank. The House Committee on oversight and government reform passed the measure by voice vote after roughly 30 minutes of debate. The bill …

Read More »

ISIS declares the US dollar as its official currency

ISIS US dollar currency

ISIS may threaten violence against the United States and aim to rid the Islamic world of U.S. influence and U.S.-backed regimes, but if you want to do business in the group’s ersatz caliphate, you’d better have money backed by the full faith and credit of the U.S. government. The AP reports : Within …

Read More »

The Big Short: new movie takes swipe at criminal bankers

The Big Short film movie

On Monday, actor Brad Pitt attended the screening for a new film in which he co-stars with Christian Bale, Steve Carell, and Ryan Gosling, The Big Short. The film takes on the banking elite and exposes the corruption and sheer unaccountable nature of the ruling class. Four outsiders in the world of high-finance who …

Read More »

Hillary Clinton’s ‘hacked’ Benghazi emails

hillary clinton benghazi

On the back of widespread public interest RT has decided to publish in their entirety a series of memos which were allegedly sent from a one-time White House aide to former Secretary of State Hillary Clinton. The emails, which were allegedly sent by former political adviser Sidney Blumenthal to Secretary of State …

Read More »

French sperm count ‘falls by a third’

depressed men

French men are not as fertile as they used to be, according to a new study. And not only are they producing less semen, but the sperm is of a lower quality at that. Researchers found that the sperm count in French men fell by nearly a third between 1989 and …

Read More »

Web inventor warns governments: Internet has no off switch

Tim Berners Lee Internet

Tim Berners-Lee, the British inventor of the World Wide Web, on Wednesday warned governments that attempts to block the Internet were doomed to failure due to its scattered structure. Speaking at the launch of a league table showing which countries use the web most effectively, Berners-Lee said the lack of …

Read More »

A new run on the banks? Spaniards pulling cash out at record rates

bull bank run spain

Spanish consumers are pulling their cash out of banks at record levels, according to figures released on Tuesday. Private sector deposits fell by nearly 5 percent in July to €1.509, the Telegraph reported, citing European Central Bank data, as public confidence in the banking system reached all-time lows amid a worsening economic …

Read More »

Top Obama watchdog: America’s ‘pretty f**ked’

If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn fucked. Barofsky served the watchdog role for the Troubled Asset …

Read More »

Batman Denver shooting eyewitness: “From what we saw he wasn’t alone, he had someone with him…”

“From what we saw he wasn’t alone, he had someone with him…” “…the second can of tear gas didn’t come from his side.” [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=jBgI0X0zEts[/youtube]   Witness: Someone let gunman inside Colorado movie theater [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=Hhev_9vmh7I[/youtube] A man who was at the Colorado movie theater where a dozen …

Read More »