Global Intelligence
Financial System
It appears the NSA is not the only agency with data collection programs that are not widely known. Several officials (both current and former) confirmed the programs’ existence anonymously as the program is classified. From the New York Times: The Central Intelligence Agency is secretly collecting bulk records of international money transfers handled by companies […]
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The Forex market is the largest in the world and the least understood. Since the late 90’s, traders and asset managers have flocked to it as an alternative to trade, compared to other common markets (Stocks, Bonds, Futures). But due to the fact that the market is decentralized, and unregulated, it also attracted a large […]
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The US Fed is really breaking new ground for something that’s never been done before, monetizing capital markets at an unprecedented level. RBS released data today showing that the Fed is monetizing 70% of net bond supply: The following statement and chart from the RBS’ Drew Brick pretty much explains it all: “QE has seen […]
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In a shot across the bow, a Russian lawmaker has proposed a bill making it illegal to posses US Dollars in Russia, including US Dollar denominated bank accounts. Russian citizens would be able to utilize US Dollars while abroad, and operations could still be engaged by the central bank. From the Washington Times: MOSCOW — […]
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Middle class boomers have become desperate to fund their retirements, as a low interest rate environment is killing their annuities and other fixed income components of their IRAs and 401ks. Their generation has a component who simply doesn’t feel comfortable with stocks, due to their volatility and risk, going for more solid steady returns of […]
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The establishment has invested heavily in the current system, including the education of the system. There is a pervasive thinking that our current system is the ‘best’ and the ‘only’ modern financial system viable. But history has shown more than 50 examples of free banking systems (not managed by central banks) that have produced excellent […]
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The person responsible for running the Fed’s QE program from the beginning, provides an inside look at how the program benefited a small group of banks, juiced the stock market, but did little to spur growth or trickle down to main street. By Andrew Huszar, also posted at the WSJ. Mr. Huszar, a senior fellow […]
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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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