Category: Manipulation

This is How Much JP Morgan, other Investment Banks Make off Italy’s Banking Crisis

This is How Much JP Morgan, other Investment Banks Make off Italy’s Banking Crisis

Fee nirvana for the biggest on Wall Street. Bank bailouts are a big profitable business. And the collapsing Italian bank Monte dei Paschi di Siena – whose stock is nearly worthless (€0.25), and which was “rescued” twice by investors since...

You Know Those New Chips in Your Credit Card? They’re Failing You Miserably

You Know Those New Chips in Your Credit Card? They’re Failing You Miserably

TDC Note – When my bank informed us they were moving to this new system I explained to the branch manager to expect an increase in identity theft, closed accounts and more cash being used. Her response was swift and...

The Big Banks Are Dead

The Big Banks Are Dead

The big US banks are dead, as in giant hollow reeds. Such has been the Jackass refrain for eight straight years. They are insolvent monsters and destroyers of wealth and capital. They are massive criminal enterprises. Events prove the case...

Why this Job Market is Still Terrible: The Politically Incorrect Numbers Everyone is Hushing up

Why this Job Market is Still Terrible: The Politically Incorrect Numbers Everyone is Hushing up

For individuals, it has barely improved since the Great Recession. If you have a salary well into the six figures, stock options, nearly free healthcare, and other benefits such as access to free gourmet lunches and dinners at the company’s...

Where the Elite Meet To Cheat

Where the Elite Meet To Cheat

As you may recall I said last month that we would probably be seeing ‘better than expected’ jobs reports from now until the election. The incumbent party wants to paint a pretty recovery picture quite badly. And the Fed would...

Jim Rogers & Chris Waltzek

Jim Rogers & Chris Waltzek

Highlights Jim Rogers rejoins the show from his Singapore office – he’s waiting patiently for discount opportunities in the precious metals sector. While the top US shares continue to tread water, twice as many lesser known stocks have declined over the...

DONALD TRUMP WARNS OF ‘VERY SCARY SCENARIOS’ FOR STOCKS AHEAD

DONALD TRUMP WARNS OF ‘VERY SCARY SCENARIOS’ FOR STOCKS AHEAD

I’m not sure Trump is aware of this Jubilee year, but he certainly understands that the stock market is at a highly dangerous level. “Interest rates are artificially low,” Trump told Fox in an interview, HERE. “The only reason the stock market...

14% of Americans Have Negative Wealth

14% of Americans Have Negative Wealth

Still think the economy is going great? All the unicorns and rainbows glowing in the beautiful setting sun at beachside? The reality of our world is the Federal Reserve, working in concert with the U.S. Treasury, are continuing to transfer...