The arrogance of Congress & NSA knows no bounds. A U.S. congressional intelligence committee issued a critical report accusing Edward Snowden of treason, claiming, without knowledge or proof, that his leak of information “caused tremendous damage” to U.S. national security. They rejected him as a “whistleblower” and totally ignore the civil rights of the American people as if […]
The Federal Reserve wants to take away the ability of Goldman Sachs and other banks to invest in companies rather than acting as bankers and lending. The U.S. banking regulators are urging Congress to prohibit merchant banking where firms buy stakes in companies rather than lend them money. They are pushing for limits on Wall Street’s ownership […]
The U.S. Federal Reserve left interest rates unchanged yet strongly indicated that it could still tighten monetary policy by the end of this year as the labor market improved further. Wages are actually rising because the work force is aging actually reducing the availability of workers in many skilled areas other than doctors, lawyers, and politicians. […]
Former Secretary of State Colin Powell’s private emails reveal a lot more than a very questionable Hillary. The leak by hackers has revealed that Powell confirmed that Israel has nuclear weapons and has amassed 200 warheads. Of course, Israel has never confirmed that have any nuclear weapons. The very existence of its weapons has been classified information by […]
Many people have asked are we collapsing as did Rome? The answer is absolutely YES. Like Rome, the state always turns against its people as its need for money always expands. Like the Romans, we have lost our independence, our integrity, and our freedom. The world political economy is melting down before our eyes as […]
Most markets were in a holding pattern awaiting the outcome of central bank decisions. The Nikkei faltered initially but was short-lived as by the end of the day we closed almost unchanged. The BOJ decision expected within the next 24 hours could direct trading for the next few months. Most are looking for additional stimulus […]
The rise of militant terrorists home-grown is much greater than people realize. No gun control will stop them because the knife, hatchet and machete have begun to replace suicide bombings. It is taking place even in Canada. A man with a machete attacked police in a shopping mall in Calgary. There was the July 18th, 2016 attack […]
For the first time in history, the total private debt of the Canadian public has exceeded the total national Gross Domestic Product (GDP) after reaching 100.7%. This is significantly higher than in the United States, which has been declining since 2008. Household debt in the United States is now under 80% of GDP. Clearly, Canada’s […]
As China opened after a long weekend, so it was that Japan was closed for national holiday (Respect for the Aged Day). There was also a computer issue in Australia that resulted in the ASX closing early. Ahead of both the FED and BOJ this week could be interesting. China added more liquidity over the weekend which set the […]
The Stage is being set for the most dramatic political change in our lifetime; or for the young in age rather than just hart, post World War II. Angela Merkel’s party came in with absolutely historic losses in elections in Berlin. Some are claiming, such as the Mayor, this will return Nazis in Germany as the far-right […]
