Global Intelligence
Financial System
GIH: The ex-Fed chairman Ben Bernanke says that ‘overconfidence’ created the financial crisis. As any Fed Chair, has he become victim of his own Fedspeak training? Isn’t confidence good for markets, and fear is bad? Don’t we worry the investors will have ‘fears’ and depart markets, and spend significant efforts to restore their confidence? From […]
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From Mike Whitney of Counterpunch [48] The Greatest Propaganda Coup of Our Time? There’s good propaganda and bad propaganda. Bad propaganda is generally crude, amateurish Judy Miller “mobile weapons lab-type” nonsense that figures that people are so stupid they’ll believe anything that appears in “the paper of record.” Good propaganda, on the other hand, uses factual, sometimes […]
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GIH: Is the Ukrainian revolution a Slavic version of the occupy movement? Now that a new government has been installed, documents are surfacing showing that the former president (claiming to be the current president but in another country..Russia) squandered away billions, hiding in various offshore banks and building a lavish lifestyle for himself and his […]
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GIH: Few understand how the banking system really works, and fewer understand how it’s working now with addition of technology. Most rules, knowledge, books, systems, etc. that define the banking system were done a long time ago, before the internet and computing, and before globalization. As stated in this article (below), banks – in their […]
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As we reported earlier today [10], for whatever reason China sold the second biggest amount of US Treasurys in December. However, that was only part of the story. In fact, as we also noted, while the two largest US foreign creditors were net sellers, total foreign bond holdings actually rose in the last month of 2013 and […]
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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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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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GIH: An unprecedented data breach shows the real City; where brokers will do nearly anything to make a buck, including gouging clients on commissions, and stealing customer data to sell to the competition (or worse, scam artists). It’s becoming more and more difficult to differentiate between ‘legitimate’ financial institutions and ‘fraudulent’ ones, if such a […]
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The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits […]
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