Brazil's central bank (BCB) surprised the market by foregoing a final rate cut overnight in what seemed like a hawkish effort to stem the tide of collapse in its currency. For a few brief minutes it worked... but the Real is no collapsing lower again
If you're looking for insights into what Central Banks have planned when The Everything Bubble bursts, on Monday one of the European Central Bank's (ECB) top bankers provided a blueprint.
It is often said that "other-izing" people overall can be dangerous and other-izing your enemies specifically can be tactically detrimental.
At a Rethinking Economics conference in Oslo last month I pointed out that western politicians and economists are repeating policy errors of the 1930s.
Update 3: Reuters reports that the Argentine Central Bank spent $1 billion buying pesos today to support the collapsing currency...
My latest book, Collusion: How Central Bankers Rigged the World, is about the leading central banks and their incestuous relationships.
There is no way that America can repay its debts.
This official UN press release admits that it is expecting to need $74 trillion between 2018 and 2030 to fully implement the Sustainable Development Goals, which will also kill Capitalism and Free Enterprise once and for all.
The Federal Reserve set to leave interest rates on hold at its April meeting; the key is whether they nod to recent economic weakening or stick to a positive message.
The Bible warns that "the love of money is the root of all sorts of evil" (1 Ti. 6:10). So, just when you think you have just about seen it all, something even more shocking turns up. Like this.
As if the current global monetary system didn't put the middle-class at a structural disadvantage versus the wealthy, by taxing them disproportionately with inflation, encouraging dissaving and taxing labor (ordinary income) much higher than capita
In the past few weeks we have reported on the economic weakness in Europe. The Citi Economic Surprise index for Europe is extremely negative showing reports are missing economists' expectations. The ECB's Mario Draghi responded to this recent wea
Wells Fargo (NYSE:WFC) has had an eventful couple of years, and not in a good way. The bank's public perception has been rocked by three major scandals, including the infamous fake-accounts scandal, which has not only resulted in sub-par business per
I hope that none of my regular readers are burdened with much debt, but I know that many people are. Sometimes shockingly so. And so I'd like to explain who's really to blame for these situations, because they are more complex than they may at fi
Under political pressure, the ECB ponders dumping rules on tackling close to $1 trillion in nonperforming loans. The Eurozone banking system is insolvent, but no one wants to admit that, at least officially.
Four months after we reported that Goldman Sachs is preparing to launch a cryptocurrency trading desk, an announcement which coincided with bitcoin trading near its all time highs just shy of $20,000, the bank announced that in its first official exp
Iran's central bank has issued a statement banning the country's banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks.
In late 2017, the ECB surprised central bank watchers, briefly spooked markets, and angered many Italians, with its plan to eradicate what many have dubbed the "ticking time-bomb" at the heart of the Eurozone, namely the roughly $1 trillion in non-pe
The American people lent $45 billion to Bank of America during the bailout. That bailout came with a hefty $100 billion guarantee against losses on toxic assets.
Wells Fargo stole the headlines yet again today for defrauding its clients.
After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, ....
Reports are increasingly indicating that bitcoin's recent drop of 70% from its December record highs of nearly $20,000 has spurred a renewed interest in the BTC and cryptocurrency markets from institutional investors.
Back in the summer of 2015, Deutsche Bank mistakenly paid $6 billion to a hedge fund client in a "fat finger" trade on its foreign exchange desk.