Christine Lagarde and the IMF Executive Board recently announced their intention to include the Chinese renminbi (RMB) in the Special Drawing Rights’ (SDR) valuation formula. This would bring the Chinese currency into an exclusive group – alongside the US dollar, the…
We carry two bucks with them in case they get shaken down by the police. We also discuss New York regulators fining recidivist bankster, Barclays, for ripping off clients with the Last Look algorithm which automatically cancelled trades unfavourable to…
“For businesses operating in Bitcoin, cash flow, supply, demand and other competitive information would be exposed to their rivals. In this case, Bitcoin is a worse option than traditional finance channels.” Read more about why they are banning of end-to-end…
According to Hat Trick Letter Editor Jim Willie, 3 VERY IMPORTANT developments have just occurred in the Silver market… Click here for more from the Golden Jackass on 3 HUGE Developments in Silver:
The abuse of power is staggering. Time and time again over the last number of years the largest global banks have been found complicit in the manipulation of key rates, indices and markets. Now, a large and important pension fund…
Consider this clipping from the August 1932 San Francisco Chronicle newspaper: “Reduction of salaries of municipal employees and limitation of city positions to only one member of a household will be sought by (Supervisor) Adolph Uhl in two amendments to…
Demand for gold is soaring according to the World Gold council’s latest report. The report shows that overall worldwide demand for gold rose by a very significant 33% with the US, Europe, China and Russia all stocking up and pushing…
We discuss Japan falling into recession as US businesses are stockpiling at recession era levels. In the second half, Max continues his interview with chartered accountant, tax justice campaigner, professor and definitely NOT Jeremy Corbyn’s paid adviser, Richard Murphy about…
In yesterday’s post, Not a Safe Space – Canadian University Suspends Yoga Class After Students Become Offended, I explained how those most responsible for the almost inconceivable authoritarian idiocy spreading across college campuses are not the students themselves, but their spineless and inept…
As I have often noted, historian Michael Grant identified profound political disunity in the ruling class as a key cause of the dissolution of the Roman Empire. Grant described this dynamic in his excellent account The Fall of the Roman…
Why does the lack of liquidity in bond markets have many of the world’s top economic opinion-makers worried? Ben Wright writing in the Telegraph reports on the voices in “the chorus of doom” and explains why the evaporation of this liquidity in…
Apparently yoga is no longer a safe space. When I first saw this headline I dismissed it, thinking it had to be a joke. Unfortunately, the joke’s on us… Read the rest here.
If container shipping is any reflection of the upcoming Christmas season, Santa is poised to fill the nation’s Christmas stockings with coal. Let’s start by noting that Baltic Dry Index Falls Below 500 for First Time Ever (gcaptain.com) andContainer Freight…
The fact that global debt is growing throughout the world is widely acknowledged and well documented. However, when faced with the numbers, the magnitude of the problem is still quite shocking to read. An article last week in Washington’s blog…