President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”… Read More Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk
Trump’s Treasury Secretary simultaneously sits as head of the Financial Stability Oversight Council (F-SOC) even as he appears to be attempting to undermine financial stability in the U.S.… Read More Mnuchin’s Dangerous Plan to Deregulate Wall Street
In little more than three years, Argentine President Mauricio Macri’s government has already signed two agreements with the International Monetary Fund. And recent developments suggest that the country’s long and troubled history with the Fund may be about to repeat itself… Read More The IMF Is Fueling an Argentine Crisis – Again
Italy’s fiscal health is once again in serious decline.… Read More Big Old Problem Just Re-Erupted on Eurozone’s Southern Flank
Global conditions bear unnerving parallels with trends before the outbreak of the first and second world wars… Read More The “Disintegration” of Global Capitalism Could Unleash World War 3, Warns Top EU Economist
This “U.S. coup manual,” recently highlighted by WikiLeaks, serves as a reminder that the so-called “independence” of such financial institutions as The World Bank and IMF is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will.… Read More Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons
They’re already under pressure from the deteriorating market… Read More Automakers Prepare for “No-Deal” Brexit
No one knows what’s going to happen.… Read More Amid Brexit Mess, UK Car Production Reels from Worst November since Financial Crisis
Things are much worse than officials and media in Paris have let on… Read More Les Gilets Jaunes – A Bright Yellow Sign of Distress
Palm Beach multimillionaire Jeffrey Epstein, bolstered by unlimited funds and represented by a powerhouse legal team, was able to manipulate the criminal justice system. One of the men who helped him is now US Secretary of Labor… Read More How a Future Trump Cabinet Member Gave A Serial Sex Abuser the Deal of a Lifetime
Mexico is #1 silver producer in the world, #2 gold producer in Latin America, and a major copper producer.… Read More Mining Sector in Mexico Next Target of “AMLO Effect,” Shares Plunge
Even if it is unproven that top Goldman executives knew what was going on, what does it say about the culture of the bank that individuals like Tim Leissner were employed there? Who is accountable for that culture?… Read More Goldman Sachs Is Implicated in History’s Largest Financial Con – But Will It Be Held Accountable?
