GlobalIntelHub2

85 richest people own as much as bottom half of population, report says

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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Chart: Million lines of code

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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Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year

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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Bank of America Is Actively Preparing For The Chinese January 31 Trust Default

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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Manipulation Of Gold By Central Banks Cannot Continue In 2014

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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Anti-Fed Revulsion, And A Plunge In The S&P To 450

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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Deutsche Bank spooked out of Gold fix

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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Who Has the Time and Motivation to Comprehend the Mess We’re In? Almost Nobody

GIH: As we slip into a global crisis, paradigm shift, climate change, social upheaval, and a myriad of other unprecedented circumstances, many simply do not have the time or motivation to even follow what’s going on.  This is both tragic and frightening, because society will need an intelligent mass of productive human capital to rebuild […]

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The Sheer Idiocy Of The Markets In One Chart

As if many of us needed any proof, the below report shows the low level of intelligence used by investors, purchasing a company that ‘sounds like’ a Google takeover target, but is actually not related at all. When Google bought Nest (for its smart, intrusive thermostat technology that gives the NSA a front-row seat into […]

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Fed’s Fisher Says “Investors Have Beer Goggles From Liquidity”

The Fed’s Fisher provides an intimate insight into the thinking of a Fed President.  In well crafted Fed speak, he warns of a potential market decline because it will be impossible for the Fed to continue with the QE indefinitely.  But there are larger economic impacts much more significant than the stock market, such as […]

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