Global Intelligence
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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Submitted by Mike Krieger of Liberty Blitzkrieg blog, One of my most popular posts of 2013 highlighted the decline of America’s once large and enviable middle class. It was titled: How Does America’s Middle Class Rank Globally? #27, and it helped to dispel many myths Americans (particularly the mainstream propaganda media) continue to tell to themselves. As […]
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Submitted by Michael Snyder of The American Dream blog, Becoming more like Europe is not a good thing. But that is the path that we are currently on. For the most part, Europeans live in a socialist “Big Brother” system in which the government completely dominates your life from the cradle to the grave. Of course there are […]
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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: The below statistics give a new perspective to the term ‘zombie nation.’ Previously, we’ve seen correlations between cocaine and the financial services industry. But with a growing number of Americans on some form of mind altering drug, it seems there are few who are not under the influence. Submitted by Michael Snyder of The American […]
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A week ago, the Dell dude warned that it’s going to be a layoff “bloodbath” as the recently LBO-ed firm began firing 15,000. Now it’s IBM’s turn. According to WRAL Tech Wire, the company which has underperformed Wall Street’s expectations for many quarters, has begun “cost-rationalizing” terminations in India – the country that hosts some 100,000 of IBM’s […]
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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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Now that the full court press to refute the findings of the CBO report which, as we reported, confirmed what was largely known – that as a result of Obamacare, the strapped US economy will have even fewer workers as millions will fall back on welfare state entitlements which make hard work obsolete – has failed, […]
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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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