Global Intelligence
GIH: China’s economy is experiencing it’s first capitalist growth pains. With the rapid expansion of the middle class and a growing financial sector, including their own shadow / private banking sector, it’s not a surprise that a financial company issuing debt is on the precipice of default, coinciding with the Chinese new year. As we […]
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http://en.wikipedia.org/wiki/Glenn_Greenwald Glenn Greenwald (born March 6, 1967) is an American columnist, blogger, and author. He was a columnist for Guardian US from August 2012 to October 2013.[1][2][3] He was a columnist for Salon.com from 2007 to 2012, and an occasional contributor to The Guardian.[4][5][6] Greenwald worked as a constitutional and civil rights litigator. At Salon he contributed as a columnist and blogger, focusing on political and legal topics.[7] He has […]
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The Forex market is dead and dying, in parallel with the US economy; which is fitting, considering the US is still the world reserve currency. Significant harbingers that have changed the Forex market forever: Dodd Frank has killed/consolidated retail Forex in the US (significant because the US is the world reserve currency), leaving less than […]
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GIH: A new report shows that the 85 of the world’s richest people own the same amount of wealth as the bottom half of the population, or several billion people. Of course, this is wealth that is accounted for, it may be a much wider gap considering the shadow banking system, private offshore anonymous trusts, […]
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The below chart compares number of lines of code of various projects, from Unix, to the iPhone, and finally, healthcare.gov. With an enormous amount of code, and likely little or no documentation, it would be impossible to ‘fix’ the site, or even make a blueprint of how it is supposed to work. In any event, […]
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GIH: It appears that the so called “Gold Conspiracy” that Gold is being sold secretly and in some cases being replaced by tungsten, has been going on for years. According to the following internal central bank memo, Gold delivered to the Bundesbank was not received as “Good Delivery” – also, Germany’s recent project to repatriate […]
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GIH: China’s economy has been overheating, and with a growing financial sector. Some indications point to similarities between events in China now and the US in 2007. A slowdown or credit crisis in China would also impact Australia, the region, and ultimately the entire world economy. Bank of America Is Actively Preparing For The Chinese […]
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Gold has long been one of the many assets used by central banks. They certainly were one of the largest market participants, if not the largest single buyer and seller of Gold. Now, Deutsche Bank is exiting the fixing desk, China has an insatiable demand for Gold, and there is talk of an investigation of […]
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Looking at the present financial situation from a historical, social perspective, indicates (based on history) that there will be a severe blowback from the QE program. But unlike other examples provided in the below analysis (such as WW2 spending) QE is nearly completely artificial. During WW2 spending was driven by manufacturing and war logistics. QE […]
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The very foundations of the modern financial system are being shaken; through scandals, market crisis, new regulation, social changes, and technology; all playing a part in permanently evolving how the global financial system operates. One of the most well known traditions in precious metals is the daily “Gold Fix,” where the dealers would literally decide […]
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