Many of Europe’s and America’s biggest banks have begun begging, cap in hand, for a new, innovative way of raising vast sums of dirt-cheap debt on Europe’s financial markets.… Read More Is that the Smell of Desperation Hanging Over Europe’s Banking System?
Vast liabilities are being switched quietly from private banks and investment funds onto the shoulders of taxpayers across southern Europe. It is a variant of the tragic episode in Greece, but this time on a far larger scale, and with systemic global implications.… Read More Unpayable Debts and an Existential EU Financial Crisis – Are Eurozone Central Banks Still Solvent?
Such legislation would further complicate an environment of political unrest, made of both positive and negative forces… Read More What First Amendment? Arizona Wants Power To Seize The Assets Of Protesters
The war party is back in power and the odds of normal relations with Russia have dropped to zero… Read More McMaster Takes Charge: Trump Relinquishes Control of Foreign Policy
The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?… Read More Are Big Banks’ Dark Pools Behind the Run-Up in Bank Stock Prices?
Rato was the ex-CEO of Spain’s TBTF frankenbank, Bankia, and former Managing Director of the IMF from 2004 to 2007. He could soon be warming a bench in a Spanish prison. … Read More Former IMF Chief and Dozens of Former Bank Execs Just Got Sentenced to Jail
The mushing together of “fake news” and what the Times describes as “anti-European Union propaganda” is insidious. The first relates to consciously fabricated stories; the second involves criticism of a political institution, the E.U,, which is viewed by many Europeans as elitist, remote and disdainful of the needs, interests and attitudes of average citizens.… Read More NYT’s Fake News about Fake News
President Trump’s decision to not include Saudi Arabia on his list of travel ban nations reveals it is business as usual in Washington — and business as usual for Trump, who is on friendly terms with the Saudis, including the half brother of Osama bin Landen.… Read More Saudi Arabia, the United States, and the Special Terror Relationship
Any move by Mexican businesses to import raw materials from other countries could hit U.S. farmers hard.… Read More Mexico Prepares Plan To Ditch U.S. Grain Imports As NAFTA Showdown Looms
As Greece and the eurozone prepare for the worst (again), Goldman Sachs’ role in the country’s downfall has been largely forgotten, as is the much ignored fact that ECB President Mario Draghi was Vice Chairman and Managing Director at Goldman Sachs International between 2002 and 2005, the period immediately after the infamous swap arrangements were executed for the Greek government. .… Read More Forgotten History: How Goldman Sachs Helped Greece Destroy Itself
Here’s the thinking: let’s modify the genes of people and they will be impervious to the environmental assault of chemicals that cause cancer.… Read More Genetically Modified People: What Could Go wrong?