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Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys

Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed all the latest foreign Treasury holdings for the month of January. Among the key numbers […]

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Spying by N.S.A. Ally Ensnared U.S. Law Firm

GIH: Finally, a situation arise that challenge legal nuances about the NSA spying, and attorney client privilege.  The philosophical question is – to what extent are attorney’s legally required, and also as a matter of service, to go in order to ensure client security?  Having a complete encryption solution would prevent 99% of NSA spying, […]

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Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

GIH: Scary revelations coming from the EU, regarding ‘bail-in’ strategies funded by savers.  How this ‘confiscation’ of assets is to be structured and sold to the public (if they have a choice) remains to be seen.  But even having such a discussion should make anyone with any assets in Europe worry.  Cyprus was a ‘test […]

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Why The Next Global Crisis Will Be Unlike Any In The Last 200 Years

GIH: What the future will hold is difficult to project because of so many variables.  But what we can say with near certainty, is that ‘this time is different’ – a combination of social and political factors has created an age that is unique – general economic prosperity in the West, cheap energy, and as […]

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The Federal Reserve’s Nuclear Option: A One-Way Street to Oblivion

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The Fed cannot create a bid in bidless markets that lasts beyond its own buying. We all know the Federal Reserve (and every other central bank) has one last Doomsday weapon to stop a meltdown in the global financial markets: creating trillions of dollars out of thin air and […]

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How Rothschild Sees The Future

Rothschild has identified four different scenarios that, in their view, are the most likely to occur. The series of scenarios for GDP growth and inflation in the main western economies, Japan and China may guide investor thinking but their somewhat ominous conclusion is worth bearing in mind: “Further monetary ‘experiments’ are becoming less probable. However, significant imbalances […]

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World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

In the past we have discussed at length the inevitable demise of the USD as the world’s reserve currency noting that nothing lasts forever. [10] However, when former World Bank chief economist Justin Yifu Lin warns that “the dominance of the greenback is the root cause of global financial and economic crises,” we suspect the world will begin […]

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FOMC Ignores EM Crisis, Tapers Another $10 Billion – December Statement Redline

GIH: $10 Billion in more taper from the Fed, indicates further tapering.  A bold move against the backdrop of the crisis in emerging market currencies, which caused a stock market sell off and EM Currency sell off.  Unlike many market analysts, The Fed “Sees Growth”: WASHINGTON — The Federal Reserve announced Wednesday another $10 billion […]

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