Search Results for: credit Suisse

Why Australia can’t avoid a recession

Steve Keen Australia recession

By Filip Karinja On the 28th July 2016, Professor of Economics at Kingston University, Steve Keen, gave a presentation on the outlook of the Australian economy at The Royal Society of Victoria located in Melbourne. The British-based economist and author of the popular Debunking Economics book considers himself to be …

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The UK Government’s Big Self-employment Tax U-Turn

UK government self employment tax

When the UK’s latest budget was announced, there were large volumes of complaints regarding their plan on increasing the National Insurance contributions for self-employed workers. However, the Chancellor, Philip Hammond has just announced one week after the budget, that they are going back on the decision to increase national insurance …

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Jim Rogers issues a warning to all investors

Jim Rogers central banks

From Filip Karinja, for Birch Gold Group Legendary investor Jim Rogers has issued a stern warning to people around the world that the central banks have no idea what they are doing. This week on CNNMoney, Rogers claimed, “We’re all going to pay a horrible price for the incompetence of these central bankers… we’ve …

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IMF boss Christine Lagarde under investigation in corruption case

International Monetary Fund Managing Director Christine Lagarde IMF

IMF chief Christine Lagarde has confirmed that she is being investigated for alleged “negligence” in a corruption probe when she was French Finance Minister in 2008, she told AFP. “The investigating commission of the Court of Justice of the French Republic has decided to place me under formal investigation,” Lagarde told …

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Ukraine to buy $1 billion of gold with IMF money

Ukraine flag

A month ago, it was alleged, that Ukraine – under cover of night – loaded its gold reserves onto a plane and shipped them off (for safekeeping) in the US, as the potential price of ‘liberation’. So how ironic that, given the massive gas debts that Ukraine owes to Russia …

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Put big bank CEOs in jail – Senator Elizabeth Warren

Senator Elizabeth Warren

Sen. Elizabeth Warren (D-Mass.) This past weekend, the Department of Justice slapped a record fine on JPMorgan Chase for packaging and selling the mortgage-backed financial products that helped cause the financial meltdown. But Sen. Elizabeth Warren (D-Mass.) wants the administration to know that fines are not enough. On Wednesday, she called on …

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Brazil: largest protests in decades as unrest hits second week

Brazil protests

Mass protests continued throughout Brazil on Monday, with hundreds of thousands of demonstrators converging in Sao Paulo, Rio de Janeiro, Belo Horizonte, the capital of Brasilia and other cities. Protests initially began last week following a government announcement of an increase in public transportation costs, which brought out students and …

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$16,015,769,788,215.80

$5.4 trillion added under Obama. The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark. The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009. Here’s a chart, from the …

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Goldman Sachs is running scared

Oakland vs Goldman Sachs

The City of Oakland just offered Goldman Sachs a deal they can’t refuse: either renegotiate a toxic “interest rate swap” that costs taxpayers $4 million a year or never do business with the City of Oakland again. If other cities follow suit, Goldman will have to change its ways. Stand in solidarity with Oakland …

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Leadership lessons from dancing guy

Transcript: If you’ve learned a lot about leadership and making a movement, then let’s watch a movement happen, start to finish, in under 3 minutes, and dissect some lessons: A leader needs the guts to stand alone and look ridiculous. But what he’s doing is so simple, it’s almost instructional. …

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How debt settlement programs can reduce your debt for good

Erase debt

Debt can be a scary thing, no matter who you are or what your financial situation looks like. Even people with good jobs and stable home lives can find themselves in precarious situations due to mounting debt or reckless spending. Don’t procrastinate It’s easy to ignore a small mountain of debt …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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European Central Bank “models” €1 trillion in money printing

European Central Bank ECB

Update: in direct flashback from the summer of 2011 when the ECB leaked news only to retract it within minutes, this just happened: CONSTANCIO: DOESN’T KNOW ABOUT 1 TLN-EURO QE MODEL REPORT For those who have forgotten, here is the ECB playbook: leak “false” rumor, gauge market reaction, then promptly deny …

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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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How Usage-Based Auto Insurance Works

If you drive a car, you must have auto insurance — period. This has led people to look for ways to pay less for it. In almost every instance it boils down to minimizing the degree of risk you ask an insurer to bear. In the past, this has taken …

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How do I pay off debts if I live paycheck to paycheck?

Do you often find yourself broke before the month comes to an end? That is a hard situation to be in. in fact, if you often experience such conditions, you are headed to financial destruction. Nevertheless, there is always escape routes. The main problem contributing to this condition is the …

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Spotting predatory car loans

As despicable as it seems, some people make their living taking advantage of financially vulnerable members of society. If you think your high credit score renders you invulnerable to the machinations of these individuals, think again. Spotting predatory car loans is just as critical for the well heeled as it …

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