Category: Economy

Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply

Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply

by Mark O’Byrne, Gold Core Chaos was seen in financial markets today as participants were thrown a curveball when Switzerland surprised the world by removing its three-year cap on the Swiss franc, unpegging it from the euro. This sent the...

BEAR PIT: Albert Edwards And Marc Faber Tear Into The State Of The Global Economy In This Presentation

by Mike Bird, Business Insider Societe GeneraleThe first slide of the presentation. Societe Generale’s Albert Edwards and Andy Lapthorne are presenting their Global Strategy briefing today. They’re joined by Marc Faber, who publishes the Gloom Boom Doom newsletter. There are about 1,000...

Dear Jamie Dimon: This Is Why US Banks Are “Under Assault”

Dear Jamie Dimon: This Is Why US Banks Are “Under Assault”

by Tyler Durden(s), ZeroHedge Earlier today, during the JPM conference call, when Jamie Dimon wasn’t busy explaining why the Q4 earnings presentation was sorely missing the page showing JPM’s latest Net Interest Margin, a staple placeholder page in the presentation...

Russia Just Pulled Itself Out Of The Petrodollar

Russia Just Pulled Itself Out Of The Petrodollar

by Tyler Durden(s), ZeroHedge Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the...

Video: Market Crash Looming: “Riots Worldwide, Wars, Extreme Volatility… Even Global Depression”

by Mac Slavo, SHTFPlan.com With the debt obligations of the United States at over $118 trillion dollars, it has become obvious that the collapse of our economic powerhouse, starting with the U.S. dollar, is a foregone conclusion. While it’s impossible...

Prepare for the largest wealth transfer in history

Prepare for the largest wealth transfer in history

from Govt Slaves While most of us are struggling to regain our net worth after the Great Recession, the richest Americans are preparing to transfer $6 trillion in assets over the next three decades. According to a new report by...

Mutual Fund Industry Is a Huge Scam

from Victory Independence What if I approached you with a business proposition? We’re going to buy publicly traded companies. We will use your money – a lump sum at the beginning and then more of your money every month. You...

How They Did It

How They Did It

by Turd Ferguson, TFMetals Report The Vaults of London are empty. The GLD is being drained. Eastern demand remains insatiable. So how did The Banks manage to maintain the paper price downtrend in 2014? It’s quite simple actually. Before we...

IS THIS BUSINESS AS USUAL?

by Bill Holter, Miles Franklin Last week I described the story of my New Year’s Eve shenanigans where I conducted a very “informal” poll. If you recall, my goal for the evening was to slip the phrase “when the banks...

Surprising Findings Point to Perfect Storm Brewing in Your Financial Future

Surprising Findings Point to Perfect Storm Brewing in Your Financial Future

By Lynn Stuart Parramore, AlterNet Alan Taylor, a professor and director of the Center for the Evolution of the Global Economy at the University of California, Davis, has conducted, along with Moritz Schularick, groundbreaking research on the history and role of credit,...

The Road to Serfdom, Part II

The Road to Serfdom, Part II

by Michael Hudson, OCCUPY This is the second installment in a seven-part series running throughout the week. Read the first part here. Finance Capitalism vs. Industrial Capitalism and their Respective Modes of Exploitation These are indeed eternal problems between employers and...