Search Results for: credit Suisse

Turning Your Car Into Cash: The Truth About Title Loans

While you may be driving the car of your dreams, you may realize you don’t have enough capital to make your other dreams a reality. Business owners and consumers that find themselves struggling to get a loan or make money through unconventional means may find that turning in their car …

Read More »

Washington just dipped into retirement savings to fund itself

Jack Lew Treasury Secretary

From Filip Karinja You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months. With the debt limit about to come back into full swing at a staggering $18.1 trillion this week, Treasury Secretary Jack …

Read More »

Economic facts: America headed for total collapse

us economy disaster america wake up

According to the major polls, at least 2/3 of Americans think, “things will get better”. Yes, they are that stupid. Let’s look at some plain facts: 48% of Americans are considered either “low income” or living in poverty by the government. 20% of households are on Food Stamps. 1 in every …

Read More »

BuzzFeed publishes fake news about Donald Trump and Russia

BuzzFeed fake news Donald Trump Russia

BuzzFeed’s decision to publish an intelligence report filled with salacious and unsubstantiated claims about Donald Trump’s purported behaviour in Russia has triggered a political storm and debate over media ethics. The news website posted the unredacted documents on Tuesday, just 10 days before Trump’s inauguration, with a warning that the …

Read More »

5 trends that show China is about to redefine the gold market

China gold market

Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold right …

Read More »

Federal Reserve unable to deal with next economic crisis

Federal Reserve Janet Yellen

From Filip Karinja, for Birch Gold Group Earlier this week, a Federal Reserve official made the stunning admission that its credit expansion and debt creation policy is no longer having any significant effect on the economy. Now, even those in the mainstream are joining those of us who have been saying it for …

Read More »

Goldman Sachs may face trial for role in Greek debt crisis

Goldman Sachs bank

Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis. A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank. The Independent has …

Read More »

HSBC to axe 50,000 jobs

HSBC jobs

Just days after JPMorgan revealed it would fire another 5,000 by the end of the year in a “scalpel” headcount reduction, overnight the world’s favorite drug money laundering bank HSBC unleashed the “machete” and announced it would cut almost 50,000 workers, or one in five bankers, a move which would shrink the …

Read More »

BRICS establish $100bn bank and currency reserves

BRICS nations

The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar. The new bank will provide money for infrastructure and development projects …

Read More »

Rand Paul: Audit the Fed or I will hold up nominees

Rand Paul

United States Senator Rand Paul (R-Kentucky) says he plans to hold the appointment of three new likely members of the US Federal Reserve unless colleagues in Congress hold a vote on auditing the Fed. A long-time opponent of the central bank, Paul wrote Senate Majority Leader Harry Reid (D-Nevada) informing him of …

Read More »

JP Morgan CEO best to lead Treasury in crisis, Buffett the puppet says

Warren Buffett

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon would be the best person to lead the U.S. Treasury Department in a financial crisis, billionaire investor Warren Buffett said. “If we did run into problems in markets, I think he would actually be the best person you could have in the job,” Buffett said …

Read More »

From currency debasement to social collapse: 4 case studies

At its most fundamental level, SocGen’s Dylan Grice notes that economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the agent of trust. Debasing money therefore debases trust. Grice emphasizes that …

Read More »

Do you want to join the German FBI?

Germany’s equivalent of the FBI has put out a notice inquiring about highly-trained computer professionals who know how to exploit windows, speak different languages, and fight the bad guys. In short, Germany is developing its own spyware. Although the Bundeskriminalamt’s (BKA) job offer is not overt, it is neither by …

Read More »

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 …

Read More »

4 ways to reach financial independence

Simply put, financial independence is defined as having enough wealth to sustain your lifestyle for the foreseeable future. You can achieve financial independence by having enough saved up to last you a lifetime or by having sufficient passive income streams to support you. In this post, we’ve highlighted the four …

Read More »

Brussels ready to back £80bn bailout for Spain

Decision taken following discussion about eurozone’s struggling economy Spanish minister said aid will not come with austerity conditions attached Move comes a day after Spain’s credit rating was downgraded David Cameron has said UK will not contribute funds to eurozone bailouts Euro falls and forecasters say it could hit seven-year …

Read More »