LATEST NEWS : Argentine Peso Collapses on Top of Rogue Regime

Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at. And so on Thursday, it plunged 4.1% on the black market, hitting 14 ARS/USD for the first time. With the official rate at 8.39 ARS/USD, the gap between the […]

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LATEST NEWS : Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed to accept a 70% haircut on their bonds. […]

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008: Are Your Bank Deposits Actually Insured?

In the last episode of the podcast I talked about the truth about government published data, how it’s created and more importantly if you’re in the middle or upper class why it’s completely useless to you… In this episode, I want to talk about Bank Deposits, I reveal some disturbing facts about the deposit protections […]

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Janet Yellen's J-Hole Speech: Slack Remains, QE Is Over, Rates Could Rise Sooner (Or Later)

Simply put, as Citi noted, unless Fed head Janet Yellen goes full-dovish, risk assets face tremendous downside potential [11].  As ConvergEx’s Nick Colas notes, Yellen receives a “B” grade from financial professionals, fewer than half (49%) of those surveyed approve of the job the Federal Reserve is doing. A clear majority (59%) of respondents describe the Fed as […]

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High-frequency trading critic Chilton joins HFT lobby effort

Former CFTC Commissioner Bart Chilton, who famously blasted high-frequency traders as “cheetahs” when he was a regulator, has gone to work with a leading high-frequency trading association, the group said Thursday. The switch is a dramatic example of a regulator becoming a paid consultant for an industry he once criticized—and it says as much about […]

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Mystery of Jackson Hole

The panjandrums of our monetary system will be gathering over the weekend at Jackson Hole, Wyoming, for their annual retreat. Dissenters in the ranks of the central bank’s governance are “increasingly vocal,” as the New York Times put it in a headline, over their fears in respect of inflation. This adds some drama to a meeting […]

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Fed Splits Evident Amid Wait for Yellen: Jackson Hole Journal

Divisions within the Federal Reserve over how long to keep easy monetary policy are already in evidence in Wyoming as investors prepare for Chair Janet Yellen’s keynote speech. Fed Bank of St. Louis President James Bullard told Bloomberg Radio that the U.S. central bank may begin tightening monetary policy earlier than officials previously expected. Continue […]

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30 Facts That Prove The American Middle-Class Is Being Destroyed

The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.  […]

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Nobel gurus fear globalisation is going horribly wrong (technical)

David Ricardo’s Theory of Comparative Advantage has broken down after 200 years, or so I learned at the Lindau forum of Nobel laureates in Bavaria. The theory published in 1817 has been a guiding principle of free trade, taken as a given by every student of economics in the modern era. It has served us […]

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Argentina accuses U.S. Judge Griesa of "imperialist" attitude

Argentina on Friday accused the U.S. judge who called the country’s debt restructuring plan illegal of making “imperialist” comments against the South American nation. Argentine Cabinet Chief Jorge Capitanich said U.S. District Judge Thomas Griesa’s choice of words were “unfortunate, incorrect and even, I would say, imperialist expressions”. Continue reading on reuters.com

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