Global Intelligence
Today, the European Commission has fined six financial institutions for a total fine of $2.3 Billion USD, a record fine. This takes the total tally to $6 Billion in fines. It makes one wonder, at what point do the fines get so high that the activities they are being fined for are not net profitable? […]
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When the “Bond King” who manages the world’s largest bond fund at Pimco loses sleep, we should ask why. Bill Gross is famous (or infamous) for writing self-certified philosophical pontifications of the markets. In his latest, he agrees with his partner Mohamed, but that the “T” the markets might experience might resemble more a “winged […]
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It’s hard to believe that the computer systems running multi-billion dollar markets are crashing, like the Nasdaq has been doing on a near weekly basis. But now it’s happening to the US Treasury market. It makes one wonder about the real stability of our markets, when the systems that run them are constantly breaking. While […]
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So called “Fed Speak” is really just another word for “Doublespeak” presented differently. When JPMorgan Chase imposed capital controls on certain account types, the next day they explained there are no capital controls this is ‘derisking’. The Fed is ‘monetizing’ debt, or in other words, buying the government. However the language reads, the Fed now […]
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In a roller coaster ride of a high of $1242 and current price near $868, Bitcoin is volatile like the markets during the credit crisis. From Zero hedge: From it’s gold-matching highs at $1242 on Thursday night, the price of Bitcoin has collapsed 31% to $868 on heavy volume. Of course, this is only a one-week low […]
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Mainstream is now in general agreement that we are in a deep societal crisis and things are about to get much worse. But the majority of Americans still believe the government will come to their rescue. Dave Hodges presents this well in is multi-part series “What will the coming civil unrest look like?”: According to […]
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Bitcoin is continually being driven higher by a number of forces, such as gaining credibility by now being legally accepted by merchants, being discussed as currency in front of the US Senate, and a general fear of paper currencies collapsing. From Zero Hedge: UPDATE: … And then Bitcoin collapses 13% minutes later… [5] It […]
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On the outside America seems to be operating as usual. Even the data doesn’t paint a sufficiently grim picture on the state of the economy. 68% of Americans believe the country is on the wrong track. But it’s going to get much worse next year when Obamacare kicks in, wreaking economic havoc for families and […]
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The NSA has been found to tap into Level3’s backbone internet cables, through a variety of means. According to Level3 financials, it seems they have an open agreement with the US departments of defense, justice, and homeland security. More disturbing is the fact that if tech companies don’t cooperate, they’ll just get the data downstream […]
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