The Panama Papers leak reveals global corruption and hypocrisy as the world's elite have been hiding their wealth to dodge taxes and escape scrutiny. However, the global central banking system is the real culprit.
In its third cut to the outlook in six months, the International Monetary Fund said it now expects the world economy to grow by just 3.2 percent this year, 0.2 percentage points lower than January's prediction
Usually we comment on the elite propaganda of mainstream media reports, but we've always made an exception for "public money."
"Helicopter Money Was The Straw That Broke The Camel's Back"
With negative interest rates now the order of the day in much of the Western world, it's only a matter of time before financial institutions start charging American depositors for the privilege of keeping their money safe in the U.S. banking system
Now that the prospect of helicopter money by the ECB has so infuriated Germany, the ECB had to reach out to Schauble to "mollify" the Germans who are dreading the second coming of monetary paradrops in one century,.....
-Government Desperately Seeking Bailout Fund To Address EUR 370 Billion Bad Loans
Top megabank, Wells Fargo & Co just admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse, and no one is going to be punished.
European banks have lost their mojo.
We live in strange economic times, stranger perhaps than at any other point in history.
Steve Case, chairman at Revolution, and Bloomberg's Michael McKee look at economic disruption caused by the Federal Reserve. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
The Finance Ministry plans to increase the number of ¥10,000 bills in circulation, amid signs that more people are hoarding cash.
#KOT, or Kenyans on Twitter, are being blamed for a run on deposits that resulted in Chase Bank Kenya Ltd. being placed under creditor protection by the East African country's regulators on Thursday.
If we don't change the way money is created and distributed, we will never change anything. This is the core message of my book A Radically Beneficial World: Automation, Technology, and Creating Jobs for All.
One of the many remarkable things about the massive leak of documents known as the Panama Papers is what's so far been lacking.
One of the most catastrophic things central banks have done in the post financial crisis period is destroy financial markets.
Some politicians want to ban cash, arguing that cash is helping criminals. The first steps in that direction are the withdrawal of big denomination notes and the limits imposed on cash payments.
Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose withdrawal limits on certain ATM transactions.
---Job Losses Estimated At 1.8 Million for US & European Banks
Back in the summer of 2014, when the ECB first unveiled NIRP, many were concerned that this submersion into the monetary policy twilight zone would first crush Europe's money markets. However, at least until now, European MM funds have proven relativ
A funny thing happened on my way to writing on a very controversial topic. It just so happens that I inadvertently made my own news.
The U.S. government was robbed. Last month, hackers stole $100 million from the Federal Reserve. Authorities recovered $19 million, and the hackers got away with $81 million. It was the largest bank robbery in history.
On the surface, today's 2Y auction was not too bad: pricing at a 0.877% high yield, this stopped 0.5 bps through the 0.882% When Issued.
Since the initial turmoil began with the onset of what is now referred to as "The great financial crisis," one strategy has proven more profitable than any other. That strategy? BTFD (buy the f___n' dip.)
TOKYO (Reuters) - Driving interest rates below zero, the Bank of Japan has turned a comatose government bond market into an enormous free-for-all, complicating the central bank's own efforts to kick-start growth and end deflation.
On Friday March 15, 2013??"just over three years ago??"people across the entire nation of Cyprus went to bed believing that everything was OK.
The lords of finance are losing their touch. Institutions which dragged the world from its worst depression since the early 20th century are finally seeing their magic desert them, if conventional wisdom is to be believed. -"UK Telegraph
It was the largest bank robbery in history…
Faber- Central Banks will not help economy
Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the U.S. Federal Reserve, asking it to share its play book for dealing with Wall Street's "Black Monday" crash of 1987.