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Congress eliminates debt ceiling with HR2775

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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SAC Capital Insider Trading record fines

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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Chase Capital Controls

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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9 Mind-Blowing Facts About Money

China Invented Every Form of Money China: Invented every single major form of currency: shell money, metal money, paper money, and fiat currency not backed by any tangible commodities Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat currency and prevent runaway inflation Debt Forgiveness Is The Basis for Modern […]

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Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

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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