Illinois Skips $9.1B Interest Payment on Pension Debt
"You read that right: They’re not going to pay. It’s not just Illinois facing crippling pension liabilities: It’s also happening in California and New York." Continue reading →
John Hussman: The Most Broadly Overvalued Moment in Market History
"As long as investors are comfortable with expected S&P 500 10-12 year total returns of less than 1% annually, with likely interim losses on the order of 50-60%, investors are free to label this situation as 'fairly valued' or with any other phrase they wish." Continue reading →
How Trump Filled The Swamp
"With promises to 'drain the swamp!' still ringing in our ears, we have watched Trump appoint nothing but Goldman banksters, Soros stooges, neocon war hawks and police state zealots to head his cabinet. Join us this week on The Corbett Report as we examine the swamp-dwellers with which Trump has filled his swamp." Continue reading →
The War on Money Laundering Is Causing the Wrong Kind of Casualties
"To the extent that AML policies have had an impact, it’s been negative. In addition to high costs and inefficiency, the laws and regulations have disproportionately harmed poor people." Continue reading →
Draghi Says A Country Can Leave Eurozone But Must “Settle Bill First”
"Suddenly the ECB has made it clear that Italy's gain in a 'hypothetical' Euro zone exit would be a tremendous loss for Berlin and Merkel. We are confident that the question of 'how much' preventing such a loss would be worth to Merkel, will emerge in very short order. As for what Draghi's statement means for countries with a far smaller Target2 liability which may also consider exiting the monetary union, the answer is two words: 'green light.'" Continue reading →
How can anyone trust banks?
"What I’m about to tell you is a true story. And by the end of it, I hope it will be pretty clear that we’ve been programmed to put far, far too much trust in the banking system. As my story will show you, they act with a sanctimonious sense of self-entitlement… that it’s no longer YOUR money in the bank. It’s their money. And they’re going to do whatever they damn well please with it." Continue reading →
Bill Bonner: How Do You Destroy a Business?
"Mr. Mnuchin was on the board of Sears for the past 11 years, throughout its devastating decline. He is resigning now, letting the ship go down without him. Besides, he has already stolen the silver. How do you destroy a business? It’s not that hard. Rather than invest in new people and new methods, you take the money for yourself. It is even more attractive if you can borrow a lot of fake money at ultra-low rates against the company’s credit… pay it out to yourself and other financiers… and then jump ship, leaving the company, its employees, and its creditors to drown in your debt." Continue reading →
India Bank Adviser Proposes Regular, ‘Surprise’ Cash Bans
If these academics have their way, government-backed paper money will further approach its intrinsic value - zero. They hope that this will drive cash-based savings into bank deposits, which generate fee revenue and a source of leverage for the banks while at the same time supplying governments with taxes and police oversight of citizens' financial lives. However, governments attempting to eliminate cash usage risk destroying trust in the 'coin of the realm', leading to cash-based savings being moved into assets such as real estate, precious metals, and cryptocurrencies instead of bank deposits. Continue reading →
India’s Cash Ban Leaves At Least 47 Dead, So Far
"Eight days into demonetisation, the death toll has reached 47. These are confirmed deaths reported in the national media. The number of unreported deaths may be higher. While most deaths are of the elderly waiting in long bank queues, there are quite a few suicides, especially of housewives." Continue reading →
Trump Presidency Could Be Worth $14 Billion to His Troubled Lender Deutsche Bank
"Donald Trump’s election has likely given a massive lifeline to Deutsche Bank, the German financial firm that has been rocked recently by rumors that they would have to pay a $14 billion fine to the Justice Department over crisis-related mortgage abuses. That money is unlikely to ever be imposed, now that one of Deutsche Bank’s biggest borrowers – Trump – will soon be sitting in the White House." Continue reading →
- Go to the previous page
- 1
- …
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- …
- 93
- Go to the next page