To wrap your mind around the concept of a “bad bank,” you have to look at what Citigroup did in January 2009… Read More The Fed and Wall Street Begin to Worry About Deutsche Bank’s “Bad Bank” Idea
You’re not crazy. The world we now live in is… Read More Bizarro World: The Herd Has Truly Gone Mad
Dirty money needs laundering if it’s to be of any use – and the UK is the best place in the world to do it… Read More How Britain Can Help You Get Away with Stealing Millions: A Five-step Guide
“Nobody’s using it for any transactions. It’s trading one sh*tcoin for another sh*tcoin.”… Read More Economist Nouriel Roubini Compares Crypto Coin Market to “Cocaine’s Drug Pushers”
What is the author of “The Art of the Deal” to do when nobody wants to negotiate any more deals with the US, now knowing full well that the US always finds ways to renege on its obligations?… Read More The Death of the Liberal Idea
Wall Street is no longer the epicenter of stock trading in the United States. In fact, there is no epicenter but rather a sprawling, opaque global network of Dark Pools owned by the big Wall Street banks trading stocks in darkness… Read More Reimagining the Structure of Wall Street in the National Interest
The Italian lender’s earnings have been hobbled by hidden losses and bad loans.… Read More What the ECB Didn’t Say About Monte dei Paschi’s Bailout
As the Chinese and American presidents meet at the G20 summit in Japan both are ultimately trying to appeal to one group of people, the Chinese middle class, arguably the greatest economic asset on the planet… Read More Xi is not the Boss in US-China Struggle. Neither’s Trump. Here’s Who Is
The development of 5G networks and the various networked products that they will give rise to in the global smart city infrastructure represent the greatest threat to freedom in the history of humanity… Read More The 5G Dragnet
Facebook’s new “cryptocurrency” is shady as hell… Read More Libra, Explained
It’s all about who can fleece other investors, traders and pension funds fastest… Read More The Wolves on Wall Street Have Turned on Each Other
The ECB is letting the Italian government know that it won’t sit by and allow the Bank of Italy to sell off its gold reserves to help right the country’s troubled finances… Read More ECB To Italian Government: Your Gold Is Ours
