Search Results for: interest rate

John Williams: the real unemployment rate is 22% – not 8.1%

Jim welcomes back John Williams from Shadow Government Statistics. John believes the real unemployment rate is 22%, not 8.1%, which is why it still feels like a recession. He also calculates the CPI at 6%, not 2.8%, and explains how the government manipulates the rate of inflation. Lastly, John believes the US is still …

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The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

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The evolution of the world’s currencies (infographic)

The evolution of currency systems over the past two centuries, as it turns out, is far more exciting than is usually let on (think political thriller as opposed to economic textbook!). GoldMoney presents, in all its glory, the quixotic history of exchange-rate regimes from 1821 to the present day. Source: http://www.goldmoney.com/gold-research/alasdair-macleod/a-history-of-exchange-rate-systems.html

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Steve Keen: “Can we avoid another financial crisis?”

Steve Keen Can we avoid another financial crisis

Economic theory is like a layer cake: Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist Steve Keen‘s new book “Can We Avoid Another Financial Crisis?” is an illustrative example. The good news is that Keen accurately describes the current economic …

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Barclays fined £26 million for manipulating price of gold for a decade

Barclays capital gold price rigging

It was almost inevitable: a week after we wrote “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold” and days after “Barclays’ Head Of Gold Trading, And Gold “Fixer”, Is Leaving The Bank“, earlier today the UK Financial Conduct Authority finally formalized what most in …

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The global ‘War on Cash’: a country by country guide

Global war on cash country guide

Hang The Bankers readers will be no stranger to the war on cash. However James Corbett from the Corbett Report has made some excellent videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio. The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games. We’ve heard cash is dirtied by drug dealing, tarnished …

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Australia’s largest coal miner makes $15 billion, pays zero tax

Coal mining

Australia’s largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily expensive loans from its associates overseas. At up to 9 per cent, the interest rates on these $3.4 billion in loans …

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US government sues Standard & Poor’s after AAA downgrade

Standard Poor's

The US government is blaming the financial crisis that catapulted the US into recession in 2007 on debt raters Standard & Poor’s. But by singling out S&P, the DoJ raises suspicions that it might be retaliating for a downgraded US credit rating. In a Monday evening filing in federal court, …

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How Blockchain Technology is Impacting Financial Services

The global blockchain market is expected to reach $60 billion by 2024, according to a news report published by Blokt. Blockchain technology has come a long way, with more businesses in different industry sectors bracing for the disruption that it’s expected to bring. In fact, over half of all top managers …

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Why the New World Order needs Australia

The New World Order is real and the Globalists who desire the establishment of a New World Order are doing everything in their power to create the global government they need to guarantee global control and power. The Globalists will only achieve the establishment of a New World Order under two conditions. …

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Will Brexit Really Impact on Thailand?

If you are willing to risk your state pension, you may be willing to relocate to Thailand in the post-Brexit climate. After all, a Thai official has recently offered British workers the chance to retire to the North of the country and invest in a £60,000, 20-year residency permit. While …

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How the global collapse will be sold to the masses

world crisis

In our modern world there exist certain institutions of power.  Not government committees, alphabet agencies, corporate lobbies, or even standard military organizations; no, these are the mere “middle-men” of power.  The errand boys.  The well paid hitmen of the global mafia.  They are not the strategists or the decision makers. …

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The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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Goldman Sachs takes over America and now Europe

While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation. More and more emerges about the role of ruthless scam bank Goldman Sachs as the main tool of the bankster elite for a relentless, hostile takeover of a Luciferian one world government. This …

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AIG Chief sees retirement age as high as 80 after crisis

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his …

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Autism rates rise to 1 in 68 children, so what’s the cause?

Child with autism playing with lego

What is to blame for the incredible rise in children with autism in the United States? The Centers for Disease Control recently announced that 1 in 68 children in America has an autism spectrum disorder. Now out of every child born, 1 in 42 boys and 1 in 189 girls will suffer …

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Bernie Sanders sells out to Wall Street candidate Hillary Clinton

Bernie Sanders endorses Hillary Clinton

On Tuesday, Senator Bernie Sanders gave up his presidential campaign and endorsed former Secretary of State Hillary Clinton. “She must become our next president,” Sanders declared – a direct contradiction with what he has spent the past six months saying. “There is no doubt in my mind that, as we …

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A ‘tsunami’ is about to hit the debt market

Tsunami city debt market bonds

A tidal wave may be coming to the bond market, and it’s not going to be pretty. At least that’s the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for …

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