Since Jews founded Goldman Sachs, some people assume that qualifies it as a Jewish bank, which makes it evil. I think it should be pointed out that Hank Paulson, former CEO of Goldman Sachs who became Secretary of the Treasury under Bush, I believe deliberately allowed Lehman and Bear Stearns (two of the five main investment banks) […]
The Republicans have declared war on Trump simply because they fear that any outsider will cut them off from rolling in the perks. They have attacked Trump personally and have demonstrated that they are brain dead. This is no longer about Trump as an individual. They are simply ignoring why the people have voted for […]
The government is demanding Apple to create a program to hack phones under the excuse of “terrorism” as a threat to national security. The FBI in New York ordered Apple to unlock the phone of a local drug dealer, but Apple refused. On Monday, a federal magistrate judge in New York said no. Magistrate Judge […]
As we head into 2017, we are looking at the entire world coming undone at the seams. The year 2017 will be the political year from hell because the trend that is unfolding is global. The establishment Republicans are fighting for control of the party to ensure Trump does not get the nomination. Some even […]
Widespread polling booth and ballot malfunctions in several states bring into question the integrity of our voting system. By lunchtime on Super Tuesday, Election Protection, a nonpartisan coalition of groups that run election-day hotlines, said their hotline had received more than 1,000 calls. The majority of calls came from Alabama, Georgia, and Texas. Voters in Williamson County, Texas, […]
Asian cash markets followed their positive futures run from US trading session was met with strong openings across the board. The PBOC set the Yuan exchange rate at 6.5490 and even a ratings down-grade of China could not stop a 4.2% higher close. The Nikkei was also up over 4% but we did see weakness from […]
U.K. Prime Minister Tony Blair has recognized something that those in office either do not see or refuse to admit. Blair said at the Abu Dhabi conference that Donald Trump’s wins in the U.S. primary elections are disturbing for they illustrate that there is a rising popularity of insurgent political movements around the world. The mismanagement of decades […]
The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should […]
Moody’s lowered its outlook on China’s credit rating stable to negative. We have been warning that our models on China indicate that the bottom in the economy does not appear likely until 2020. This should be a 13-year contraction. So far, that forecast appears to be on target.
The Central Bank of Australia, known as the Reserve Ban, has come out bluntly and stated that it is entirely possible that Australia will end physical notes and coins and move to digital currency. The Reserve Bank is joining a growing crowd of governments advocating electronic money to really increase tax collection.
