We discuss the financial sector ‘black material’, where all light is absorbed so that all manner of fraud escapes basic understanding. In the second half, Max interviews former fraud squad detective, Rowan Bosworth-Davies, about the money laundering business in London.
By refusing to face the fact we have lived outside our means, our society dooms itself to endless insolvency.
Read the full article here
“Blockstack’s solutions will enhance the existing Digital Asset technology stack and Miron, a renowned pioneer in the blockchain world, adds tremendous technical expertise to our development team,” – Blythe Masters, CEO of Digital Asset Read more about Blythe Masters acquiring…
The London property market is being increasingly recognized as a bubble and now even leading international banks are warning that the bubble may be set to burst. Today, UBS has warned that London’s property market is “frothing” and last week Deutsche Bank…
We live in an era of illusion: the illusion of understanding, and the illusion of control. Few institutions reflect these illusions better than the Federal Reserve, though the Pentagon, Congress, the Imperial Presidency, the sick-care cartel and the higher education…
With trading leverage on the exchange, BitCoin’s value is exactly created by debt! The end result (when that debt has to be paid back) is a collapse in value.- Nat Read about UFX now accepting deposits with Bitcoin
Goldman Sachs will be fined $50 million for one of its employees’ relationship with the Federal Reserve Bank of New York. It’s a small fine, but Goldman didn’t contest the fine. The scenario is common: A Federal Reserve employee leaves…
The Federal Reserve didn’t pull the trigger on a 0.25% rate hike again today, making my prediction, seven years ago, that the Fed would never raise rates again, still in play. The markets rallied on the news after a brief…
Welcome to the oligarch recovery. An economic rebound so robust that an ever increasing number of Americans are being forced to borrow money at usurious rates just to pay the bills. Today, I want to introduce you to the latest scheme to profit…
The primary focus this week is again on the “all powerful” Fed. If the Fed leans toward a rate hike in December, gold could come under pressure again in the short term. However, if it leans toward raising rates next…
Bloomberg – China Steel Head Says Demand Slumping at Unprecedented Speed – [SH: I wonder if the fictional or notional part of the economy in which all the speculation and derivatives happen will ever catch up to the epic collapse…
“It’s a bitcoin exchange for traders designed by traders.” More details on where to get 20x leverage on bitcoin.
Anti Media – While I was speaking with a friend from Germany recently, I was surprised at how shocked he was to learn of Weedmaps, a popular U.S.-based site that serves as the largest directory of marijuana-related products on the Internet. This…
We discuss crossing the Rubicon, crossing the Delaware as “forced capitalists” ensure that bondholders never take any risk. In the second half, Max and Stacy continue their interview with Joel Benjamin of Debt Resistance UK.
Judging by October’s rocket launch, the stock market is back to where it should be, i.e. in rally mode. Yee-haw! All it took to keep the party going was another rate cut in China, another “whatever it takes” assurance from…