Search Results for: stock market

Fraudulent employment report

unemployment numbers

Today’s employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. As 114,000 new jobs are not sufficient to stay even with population growth, the drop in the unemployment rate is the result of …

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Former bank CEO jailed in Iceland for market manipulation

Iceland Landsbanki bank

Sigurjón Þ. Árnason, former CEO of Landsbanki, was sentenced to 12 months in prison by Reykjavík District Court earlier this morning for market manipulation between November 1, 2007 and October 3, 2008. Nine months of the sentence are suspended for two years, visir.is reports. The period which Sigurjón was held in police …

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Citigroup braces for global recession, calls for QE in China

China QE Chinese yuan

China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months, Citigroup has warned. Willem Buiter, the bank’s chief economist, said the country needs a major blast of fiscal spending financed by outright “helicopter” money …

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Silver headed to $75-$125/oz. in 1-2 years

My experience and the charts tell me that silver prices are likely to head to $75 to $125/oz. in the next one to two years.  That’s about a 150% to 230% gain for those who buy silver under $30/oz. The reason why is that we are in a bull market …

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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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Government is preparing to seize 401(k) retirement plans

Supreme Court

From Filip Karinja, for Birch Gold Group In what may soon prove to be a landmark case, last week the U.S. Supreme Court ruled that employers have a duty to protect their employees from mutual fund companies whose fund options for 401(k)’s underperform or charge unnecessarily high fees. The case, Tibble vs …

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Greek banks get additional €10bn to counter ECB pressure

Greek bank

Banks in Greece have been given the go ahead to access an additional €10 billion in emergency funding from the Bank of Greece, according to a government official. This is a push-back from Athens demonstrating its intent to roll back austerity measures. “Greece does not aim to blackmail anyone but …

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Two explosions in China, one at US military base in Japan

Aftermath explosion China

To anyone who still doesn’t believe the world’s largest nations are already engaged in a global covert war involving kinetic weapons, currencies and cyber warfare, add this event to your list of things to ponder. Less than one day after another massive explosion destroyed a portion of Shandong, China, another explosion has …

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Aristotle and the definition of money

Aristotle

There are countless tips on how to make money. This article is not about that. Rather, we examine the definition of money, what makes good money, and how some bad monies stay bad while others have become acceptable through new ideas and technology. In the end we will talk about …

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Banks can legally steal customer funds from private checking accounts

Money-out-of-piggy-bank

In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned. Essentially, the …

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How Market Volatility Affects the Global Banking System

How Market volatility ahead global banking system

We are all aware that the wizard behind the proverbial curtain is represented by the banks in these modern times. Whether referring to interest rates, international monetary policies or inflation, the fact of the matter is that these institutions impact our daily lives. One of the catch phrases associated with …

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Another phony jobs report from a government that lies about everything

Unemployment

The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not. According …

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Japan joins negative interest rate club

Haruhiko Kuroda governor Bank of Japan

In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits. It is designed to encourage them to use their reserves to lend to businesses in an attempt …

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The Clintons and their banker friends

Hillary Clinton Wall St

The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward. When Hillary Clinton video-announced her bid for the Oval Office, …

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