Global Intelligence
“Prepping” as it is commonly known, is a community of people who prepare for various kinds of systemic meltdown, whether it be social, financial, planetary (asteroid strike), natural disaster, or EMP event. The idea has gained so much interest it’s nearly an industry in itself, with trade shows attracting vendors and middle class consumers with […]
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5,000 civilians have been killed by police since 9/11 which is about the number of soldiers killed in the Iraq war. Domestic police forces in the US are looking more and more like paramilitary units, by acquiring used military weapons and gear, from M-16 rifles to armored vehicles. Though Americans commonly believe law enforcement’s role […]
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Worry over inequality occupies Wall Street, says the WSJ. The worry is based on the suspicion that what’s keeping corporate profits up is largely artificial. Many corporations are profitable because they’ve fired people; the unemployed don’t spend, thus not boosting the consumer driven economy. The 0.01% are profiting hugely, but do they really contribute to […]
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Mike Maloney warns that “The world will have a new monetary system in this decade… people will simply lose confidence in currency, and what do they always go back to through out history? Time after time, for the last 5000 years, they always go back to gold and silver.” This excellent documentary – which focuses […]
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Bankers like Alan Greenspan, Ben Bernanke, Mervyn King, and many others, have a sense of posture and way with their words that projects an image of confidence in their policies, with near mystic quality. But even the Grand Wizard of banking Alan Greenspan admitted later that he made a mistake in not avoiding the financial […]
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Bitcoin was thought to be dead and dying after a series of attacks to the Tor network, and the shutdown of the site “Silk Road” a site where users could purchase anything illicit from drugs to fake passports. But since then Bitcoin has surged to record highs, attracting the attention of the US Senate which […]
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China has surpassed the US economy on several key measures: China is the largest trading country in the world, the largest importer of oil, and has the fastest growing economy. So why should the rest of the planet listen to China? Well, China now accounts for more global trade [40] than anyone else does, including […]
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SAC Capital, once thought to be a world leading money manager, has plead guilty to four counts of securities fraud and one count of wire fraud. Steve Cohen’s SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2bn deal to resolve a long-running insider trading investigation. At a court […]
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Marc Faber points out the growing disconnect between the real economy, and the financial economy, referring to asset bubbles as “white elephants.” In a real economy, the debt and equity markets as a percentage of GDP are small and are principally designed to channel savings into investments. In a financial economy or “monetary-driven economy,” the […]
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Goldman Sachs is the latest Forex trading bank to be added to the list of banks being investigated for rigging of Forex rates used to price other derivatives, and for benchmarking purposes, known as the WM/Reuters rates. However the investigation against Goldman Sachs also includes commodities, options, and technology systems. Bloomberg reports: Goldman Sachs Group […]
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