On Monday, the U.S. Department of Justice announced that Goldman Sachs has agreed to plead guilty again and will pay $5.06 billion for its role in the 2008 financial crisis. The settlement, over the sale of mortgage-backed securities from 2005 to 2007, was first announced in January. Of course, none of the bankers will […]
We are finishing up the “Pension Crisis – The Next Nightmare,” which is a special report outlining the next global meltdown. Germany’s Federal Finance Minister Schaeuble is now openly blaming Mario Draghi for the electoral success of the AFD in Germany, which is the Alternative for Germany (In German: Alternative für Deutschland, AfD). The AFD is a […]
Airlines in the United States, including Delta, American, and United, are engaging in outright criminal behavior under the anti-trust laws. They charge a $200 fee to change a ticket, even if the ticket itself costs $200, and if you complain they respond by saying that all of the airlines charge the same fee. That proves […]
The Yen has reversed some of its gains from last week but not before attempting more early in the day. Having hit highs early in the session it spent the majority of the day drifting lower to close over the 108 handle. The Nikkei, therefore, saw the exact reverse having hit session lows early then […]
Those in power are simply liars; why we elect such people is beyond me. We cannot afford career politicians because they ALWAYS create a divide between themselves and the people. NO REPUBLIC has ever resisted converting into an oligarchy. It just does not work. I reported that Obama slipped and actually said the truth by mistake. In […]
In the wake of the Dutch vote against allowing Ukraine into the EU, SPIEGEL has reported on the arrogance of EU ministers who criticize the people’s ability to vote. This is why I say they regard the people as the Great Unwashed who are simply beneath their level of intelligence. The leader of the Greens in […]
The revelation that David Cameron’s father had offshore accounts through Panama has continued to plague Cameron and could create a nudge toward the tipping point come the BREXIT vote in June. “I know that I should have handled this better, I could have handled this better. I know there are lessons to learn and I will […]
The Republican elites are extremely arrogant. This is about them retaining control and power; not whatever the people may want. A new Reuters poll shows that screwing Donald Trump, as they are expected to do, will seriously damage the Republican party. According to the Reuters poll, a third of Republican voters who support Donald Trump […]
Those in Washington like to blow their own horn by claiming the American president is the “leader of the free world,“ but all they do is talk among themselves and the journalists covering politics in Washington who do not actually investigate anything. Let’s just look at this chart as if it were a market. Notice that […]
