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The Forex Paradox – Is Forex a net loser?

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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Trans Pacific Partnership (TPP) secret negotiations document released

Wikileaks released today a previously secret document outlining what would be the largest economic treaty ever.  From their press release: Today, 13 November 2013, WikiLeaks released the secret negotiated draft text for the entire TPP (Trans-Pacific Partnership) Intellectual Property Rights Chapter. The TPP is the largest-ever economic treaty, encompassing nations representing more than 40 per cent […]

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USA fell down deep rabbit hole

The USA of today is less like the USA of the 90’s than the USA of the 90’s and (insert any foreign country).  But like a frog in a slowly boiling pot, he never jumps out until he is finally cooked. People living in US who do not regularly spend time out of the country […]

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RBS Shock Chart: Fed monetizing 70% of net bond supply

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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Russian lawmaker proposes banning US Dollar

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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Retail investors become private subprime lenders

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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US & Israel computer virus threatens nuclear power plants worldwide

Eugene Kaspersky, founder of the global security and anti-virus computer software company, said today at a press conference that a friend told him an unnamed nuclear power plant in Russia has been infected by the Stuxnet virus.  This was supposedly developed to infiltrate Iran’s nuclear program, by the US and Israel.  See more about Stuxnet […]

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What Is Free Banking, and Why Should I Care?

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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Confessions of a Quantitative Easer

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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