DoubleLine: Digital Currencies Will End The Dollar’s Status As The World’s Reserve Currency
We most recently described the Fed’s stealthy plan to deposit digital dollars to “each American” during the next crisis as an unprecedented monetary overhaul, but more importantly, a truly stealthy one: there has barely been any media coverage of what may…
Peter Schiff: The Fed Has Never Been Right
Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve’s monetary policy over the last several decades and explained the inevitable outcome. Peter’s recap of Fed history leads you…
Flying Blind: Clueless About Risk, We’re Speeding Toward Systemic Failure
For all these reasons, the risks of systemic collapse are much higher than commonly anticipated. There’s an irony in discussing risk: since we all have an instinctive reaction to visible risk, we think we understand it. But alas, we don’t, especially when…
Crime Pays: Goldman Strikes $2BN Deal With DoJ To Avoid All Charges Tied To 1MDB
Goldman Sachs is reportedly on the cusp of settling one of the biggest criminal cases involving a Wall Street bank since the financial crisis: According to a Bloomberg News report published late Monday evening, the Vampire Squid has reached a tentative agreement…
Futures Jump Ahead Of Tuesday Stimulus Deadline
Bulls will breathe a sigh of relief that on the 33-year-anniversary of Black Monday (when the Dow dropped 22.6% on this day in 1987) futures are sharply higher, at least for now. Emini futures rebounded from Friday’s drop, undoing most…
This Is Not Sustainable, Were Watching What the World Is Now Calling the Great Reset
(Reality–New World Order Pukes ) Our President Knows the End Is Near With the Current Financial Apparatus… The U.S. government spent more than $3.13 trillion than it collected in taxes in fiscal year 2020, borrowing the difference from investors in…
Banks Are In Trouble: Wells Tumbles As Revenues Plunge, NIM Hits Record Low, Warns On Payment Deferrals
If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed, and this time was no different, with the stock sliding after reporting that Q3 earnings…
No Stimulus, No Problem: One Bank Sees “No Armageddon” Without A New Stimulus Deal
In recent weeks, many have opined – this website included – that with the US economy careening into a double dip recession (or perhaps depression), it is imperative that Congress and the White House cast aside their differences and pass a substantial,…
The Pandora’s Box Of Fed’s Digital Currency Will Ignite An “Inflationary Conflagration”
We most recently described the Fed’s stealthy plan to deposit digital dollars to “each American” during the next crisis as a unprecedented monetary overhaul, but more importantly, a truly stealthy one: to be sure, there has barely been any media…
Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat’s Downfall
The Comptroller of the Currency has finally handed down its punishment for the compliance failures that helped bring about an end to the tenure of Citibank CEO Michael Corbat. After Citi announced that Corbat would be replaced by Jane Fraser,…