Global Intelligence
Financial System
One of the components keeping the US Dollar as a global reserve currency was the agreement between the United States and Saudi Arabia to price oil in US Dollars. As the regions largest producer, this caused other oil producers to follow suit, and forced customers to use USD if they wanted oil. Of course this […]
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While FATCA was signed into law in 2010, many of the rules didn’t come into effect until 2013. Now many US Citizens living abroad are feeling the effects of FATCA. Also a ‘blowback’ effect has occurred, many foreign institutions not willing to deal with the complexities of the new rules have simply chosen to ban […]
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Many in the US may be surprised how governments and institutions react in the long term to solve the global economic crisis. Those in Asia and Europe may not be. Simply, the economy is not producing enough to cover the losses. If the US continue down this path, at some point in the future tax […]
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Intentionally or not, HR2775 passed late last night provides the US Treasury with the authority to ‘suspend’ the debt ceiling to avoid a default if the situation should arise. This has been picked up by a small amount of journalists and market participants. The NY Times notes: Did Congress just accidentally kill the debt ceiling? […]
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Steven A. Cohen was once regarded as one of Wall Street’s leading fund managers, managing SAC Capital, until… On November 20, 2012, according to The Wall Street Journal, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma. Cohen was not directly named in an indictment released in New York, […]
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Yesterday we saw reports from Info Wars about a letter received from a Chase business banking customer limiting cash use per cycle to $50,000 and forbidding international wire payments. On the surface the letter looked legit (after having received hundreds of such letters over the years) but was this customer in particular having some specific […]
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Paul Joseph Watson Infowars.com October 16, 2013 Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States. Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts […]
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One hedge-fund manager, Pascal Forest, has taken the additional step of setting up his firm, Forest Investments LLC, in San Juan. Forest, a former portfolio manager at London-based BlueGold Capital Management LLP, said the tax incentives played into his decision to move to the island, as did his wife, who is Puerto Rican and wanted […]
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By Caroline Salas Gage and Liz Capo McCormick – Oct 14, 2013 The Federal Reserve is getting more involved in debt markets as it tries to compensate for the impact of its almost $4 trillion balance sheet on short-term interest rates. Policy makers are testing a new tool intended to improve their control of near-term […]
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Submitted by Simon Black of Sovereign Man blog, It’s become almost cliche these days to point out how many governments are broke beyond belief. In Japan, where the country’s debt level already exceeds 200% of GDP, the government has to finance 46% of its budget by issuing more debt. In the United States, the governments […]
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