One quarter after virtually every hedge fund loaded up on one or more of the six most influential tech stocks in the U.
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Category Archives: Finance
– All things to do with money
China Steel Output Hits All Time High, Setting Stage For Escalating Trade War
While the long-term consequences of Trump’s first trade war salvo launched today will become obvious only in hindsight, it may have come at an opportune moment: just as China prepares to flood the world with record amounts of steel.
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Money Laundering Scandal At Australia’s Largest Bank Triggers Another Call For Ban On Cash
Ian Narev, the CEO of Commonwealth Bank of Australia (CBA), the nation’s largest bank is set to step down amid money laundering charges. Money laundering is big business in Australia because regulations do not cover lawyers, real estate agents, accountants, and CEOs ignoring warnings from police.
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US Launches Quiet Crackdown On Cryptocurrencies
While all eyes were distracted with the Trump-demeaning headlines of the foreign sanctions bill, few spotted the hidden mandate that foreign governments monitor cryptocurrency circulations as a measure to combat “illicit finance trends” in an effort to “combat terrorism.
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WE WILL ASCEND THE NEED FOR MONEY! CITY NEW BALANCE!
Ponzi Pays – Why Armed Robbery Is For Suckers In Today’s Judicial System
That there are large sentencing disparities between white collar criminals and armed robbers shouldn’t be a surprise to anyone.
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Martin Armstrong Warns, Australia Is “Crossing The Line Into A Totalitarian State”
Behind the Curtain, there seems to be no government going completely nuts more so than Australia. They are doubling taxes on all foreigners who own property, which is a violation of international law, and then they made it a crime for a foreign to even buy a house undisclosed.
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Trump Warns Xi: Trade War With China Begins Monday
As if there weren’t enough geopolitical stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, accordi
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Is The Yellen Fed Planning To Sabotage Trump’s Presidency?
The Federal Reserve can make or break a president. Monetary policy influences all financial markets as well as the cycles in the economy. No president wants to have to run for re-election when the stock market and economy are turning down.
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Bitcoin Spikes Over $3800 As Institutional Investor Interest Soars
Bitcoin is now up over 45% since the fork on August 1st, notably spiking this week (to a record high over $3800) as US-North Korea tensions escalated and both Fidelity (retail) and Goldman (institutional) noted investor interest in cryptocurrencies is soaring.
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Elite Wall Street Banker Caught Pushing Woman In Front Of Bus (Video)
The Metropolitan Police said it had arrested a 50-year-old U.S. man on suspicion of causing grievous bodily harm.
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Forbes.Com Exposed as Monsanto Propaganda Rag in Newly Released Court Emails
() Monsanto is an international agriculture company that develops products for farmers around the world. Recently, the company has come under fire for allegedly participating in a cover-up campaign to suppress a study that was critical of one of their most popular products, Roundup.
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Russia buys tons of gold in response to Western sanctions
Russia continues buying large quantities of gold. In July, Russia’s Central Bank purchased 9.1 tons of gold. According to Deputy Foreign Minister Sergei Ryabkov, because of new US sanctions, Russia is forced to start developing a system, within which the dollar will not be needed. Pravda.
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Social Security Requires A Bailout That’s 60x Greater Than The 2008 Emergency Bank Handout
Authored by Simon Black via SovereignMan.com, A few weeks ago the Board of Trustees of Social Security sent a formal letter to the United States Senate and House of Representatives to issue a dire warning: Social Security is running out of money…
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The Real Dumb Money: Retail Investors Have Outperformed Hedge Funds By 300%
There seems to be an inverse relationship between an investor’s purported level of sophistication and their returns in recent years. At least, that’s what one might assume when comparing the historical aggregate return of US households with that of the hedge funds community…
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The Next Market Crash Will Not Be Televised
Way, way, way, way back before televisions were generally available in color, cable was a luxury reserved for hotels and the wealthy, and financial television was reserved to Louis Rukeyser and a weekly program on PBS and the “Nightly Business Report”, the idea of information beyond the 6:30 p…
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More Really Bad Ideas: “Government Debt Isn’t Actually Debt”
The failure of fiat currency and fractional reserve banking to produce a government-managed utopia is generating very few mea culpas, but lots of rationalizations. Strangest of all these rationalizations might be the notion that government debt is not really a liability, but an asset…
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What The Mainstream Doesn’t Get About Bitcoin
The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013)..
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Bitcoin Spikes To New Record High Over $3500 – Best Week Since Brexit Amid “Netscape Moment”
Bitcoin is now up almost 35% since the August 1st fork, and up over 90% from the mid-July fork-fears panic low. Buying was heavy in the overnight Asian session but surged once again this morning, seemingly after US CPI data disappointed, lifting the price to a new record high of $3547…
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War on Cash 2.0 — Visa Now Paying Businesses to Stop Taking Cash
(Matt Agorist) According to the most recent data, Visa — which is mostly owned by banks–accounts for over 50 percent of all credit card transactions and 70 percent of all debit card transactions in the world…
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The Economy Is Crashing, What Do We Do Now?
Welcome to the smartest, most active, and the most loving audience in the world. You are my friends and Family – I will go…
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U.S. Rent Growth Flatlines As Massive Flood Of New Apartment Supply Finally Takes Its Toll
After a slow and steady march higher in the wake of the ‘great recession’ nearly a decade ago, a note today from Rent Cafe shows that average rents in the United States may have finally stalled in July at $1,350 per month after posting a paltry sequential gain of just 0.1%…
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Keeping Up With The Cryptocurrencies – Goldman Answers Institutional Investors’ Questions, Targets Bitcoin $3915
Having ‘nailed’ the price action recently in Bitcoin (calling the recent pull back, extension beyiond $3,000, with a target of $3915), Goldman notes that it’s getting harder for institutional investors to ignore the rise of cryptocurrencies…
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Cryptocurrencies Are Crashing Again
Zero Hedge The largest cryptocurrencies are under presure again today – Bitcoin, Ethereum down around 10% – as it seems some anxiety remains ahead of the August 1st scaling decision deadline, chatter about Russian Bitcoin viruses, and a new report from BofA has raised more questions than an..
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“None Of It Was True”: 103 Years Later, The FT Admits It Lied And Colluded With The Bank of England
When one strips away the lies about central banks’ “inflation and employment” mandates and focuses on what they really do – which is to keep asset prices artificially supported and volatility suppressed – the motive behind virtually every central bank act becomes readily apparent: preserve (and inc..
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Conspiracy Daily Update 