Category Archives: Financial

ETF Issuers Quietly Prepare For “Market Meltdown” With Billions In Emergency Liquidity

Between the dramatic sell-off in German Bunds that unfolded over the course of three weeks beginning on April 21 and the erratic trading that ensued on Tuesday following the weakest JGB auction since 2009, the chickens, as they say, have … Continue reading

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ETF Issuers Quietly Prepare For “Market Meltdown” With Billions In Emergency Liquidity

Between the dramatic sell-off in German Bunds that unfolded over the course of three weeks beginning on April 21 and the erratic trading that ensued on Tuesday following the weakest JGB auction since 2009, the chickens, as they say, have come … Continue reading

Posted in Editorial, Financial | 1 Comment

Chicago Goes Junk, Owes Bondholders $2.2 Billion Immediately

(Zerohedge)  Following an Illinois Supreme Court ruling that struck down a pension reform plan aimed at closing a $100 billion funding gap, Moody’s downgrades Chicago to junk, giving the city the dubious distinction of being the only major city “in … Continue reading

Posted in Domestic Enemies, Editorial, Financial, Immigration, Safety and Preparedness, Uncategorized, Voter issues | Tagged , , , , , , , | 6 Comments

Money for Nothing: Inside the Federal Reserve

www.youtube.com/watch?v=MAYNW_vunfI#t=1

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Watching the Economy Unfold

Caterpillar Suffers Worst Month Since Lehman, 26 Consecutive Months Of Declining Retail Sales Once upon a time, C was the world’s industrial bellwether and a Dow Jones Industrial staple. Lately, in addition to suddenly developing a very close relationship with Federal … Continue reading

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Welcome To The Wreckovery

Moments ago, Caterpillar was added to the great and growing list of bellwether companies that have reported disastrous Q4 earnings misses, when it announced that not only did it wildly miss its EPS estimate of $1.55, reporting only $1.35 in … Continue reading

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Banker Suicide “Hit” Parade

1) David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room 2) Tim Dickenson, a U.K.-based communications director at Swiss Re AG 3) William Broeksmit, 58, former senior manager for Deutsche Bank 4) … Continue reading

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Numerous FX Brokers Shutter After Suffering “Significant Losses” Following SNB Stunner

Update: 2 more FX brokers have just gone belly up, UK-based Calpari and New Zealand’s Excel Markets. From Alpari’s statement: The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss … Continue reading

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Bank Run in Geneva?

There are long lines of people at banks in Geneva as people realize a windfall of 30% overnight by converting Swiss francs into Euros. And that is how quickly your dollars will become devalued in the future when the petrodollar … Continue reading

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And There Goes the Obama Recovery

The economic impact that the collapse of the shale oil industry is twofold: 1. Cheaper gasoline 2. Lower GDP and higher unemployment As your pResident boasts about his economic (hamburger flipper) recovery, the only real bright spot was the shale oil … Continue reading

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How the Government Steals the Fruit of Your Labor

As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 … Continue reading

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Bail-Ins Appear to Be Beginning

On Monday, one man that I personally know recently attempted to transfer a sizable sum of money (i.e. $110,000) from savings to checking to cover a check he had written for a large purchase. He attempted to move the money … Continue reading

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Dawn of War

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We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.  On June 16th, U.S. oil was trading at a price of $107.52.  … Continue reading

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Remarks by Senator Warren on Citigroup and its bailout provision

h/t Jeff M ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You may not like Sen. Warren but she is correct on this point. We are being sold to the banks by both parties. Keep track of the politicians who voted for the Cromibus bill. David DeGerolamo … Continue reading

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