Global Intelligence
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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French news organization Le Monde obtained internal memos from the US National Security Agency (NSA) detailing a program known as “Genie” costing the US Taxpayer $652 Million US Dollars. A document dated August 2010 suggests intelligence stolen from foreign embassy computers ensured the US knew ahead of time the positions of other Security Council members, […]
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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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It should come as no surprise to those who have been following the NSA Spy scandal unfolding that regulators are passing laws to protect data from prying agencies. The Guardian reports from Brussels today: Regulations on European data protection standards are expected to pass the European parliament committee stage on Monday after the various political […]
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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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What is really the value of information? Information can save your life! It can also save you time and money.. “If I had only known..” But something about our culture disregards the value of information. We are even hostile to it. So if a Tsunami was coming would you want to know? Of course many […]
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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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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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