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Category Archives: Financial
China’s Official Press Agency Calls For New Reserve Currency, And New World Order
We assume it is a coincidence that on the day in which we demonstrate China’s relentless appetite for gold, driven by what we and many others believe is the country’s desire to have a call option on a gold-backed reserve currency when … Continue reading
China calls for new global currency
China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis. The surprise proposal by Beijing’s central bank governor reflects … Continue reading
Posted in Editorial, Financial
Tagged China, Dollar, Reserve Currency
Comments Off on China calls for new global currency
Shutdown Hits Obama Where It Hurts
httpv://www.youtube.com/watch?v=qd3ECOUd-gA#t=3s
Posted in Editorial, Financial
Tagged Bill Whittle, Obama, Scott Ott, Shutdown, Steve Green
Comments Off on Shutdown Hits Obama Where It Hurts
Deutsche Bank: Debt Ceiling “Will Get Resolved With A Big Sell-Off”
People who follow this site, know that most of the information is reposts that I feel convey valuable information or have educational value. I very rarely state that this information is important and its consequences need to be understood by … Continue reading
The Possible Outcomes Of The Shutdown Theater
by Brandon Smith Only a week ago, the consensus among most mainstream economic analysts and even some alternative analysts was that a government shutdown was not going to happen. The Republicans would fold in the shadow of President Barack Obama’s … Continue reading
Greece Considering Confiscation Of Private Assets
The last time we opined on the possibility of a Cyprus-style “bail-in” in Greece, which is essentially a legally-mandated confiscation of private sector assets held hostage by the local financial system, until such time as the balance sheet of said … Continue reading
Cry Baby Obama tells Republicans he will negotiate once they end ‘threats’
pResident Barack Obama turned up the political pressure on Republicans on Tuesday, saying he would be willing to negotiate on budget issues only after they agree to re-open the federal government and raise the debt limit with no conditions. At a news … Continue reading
Paul Singer: The “Trapped, Harmful” Fed “Revels In The Role Of Atlas, Holding Up The World”
Singer discusses about what is fundamentally at flaw – the current unsustainable monetary system – which itself is broken courtesy of what is now rampant, runaway currency debasement. The reason for the is that as a result of the terminal … Continue reading
Posted in Editorial, Financial
Tagged Fed, Federal Reserve, Paul Singer, Tapering
Comments Off on Paul Singer: The “Trapped, Harmful” Fed “Revels In The Role Of Atlas, Holding Up The World”
Stocks, dollar slide as U.S. impasse frays nerves
A lack of progress by U.S. lawmakers in budget and debt ceiling talks rattled investors on Monday, sending European shares to a four-month low and pushing the dollar and oil down. U.S. stock index futures suggested Wall Street would also head lower … Continue reading
Posted in Editorial, Financial
2 Comments
Futures Sell Off As Shutdown Enters Week Two
Overnight trading over the past week has been a bipolar affair based on algo sentiment about what is coming out of D.C. But while the last session was optimistic for some inexplicable reason that a deal on both the government … Continue reading
Obama “Trying to Panic the Markets”?
httpv://www.youtube.com/watch?v=DEEALSMrXJk More…
Forget Government Shutdown: IMF & US Treasury Warn Catastrophic Debt Default
by Susanne Posel Christine Lagarde, director of the International Monetary Fund (IMF) spoke at George Washington University (GWU) and asserted that if the US Congress does not come to an accord to raise the debt ceiling, this “mission critical” could destroy America. … Continue reading
EAT THE RICH!
httpv://www.youtube.com/watch?v=661pi6K-8WQ I posted this when it first came out in March, 2011. Based on current events, I decided to repost it. David DeGerolamo