Banks, Real Estate, and Insurance Companies Crush The People
The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He is against injustice, even in the most basic terms. The writer of Proverbs mentions this: “The LORD detests differing weights, / and dishonest scales do not please him” (Proverbs 20:23).…
Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues
Russia’s de-dollarization effort is full steam ahead, in line with President Putin’s commitment to reduce the country’s vulnerability to the continuing threat of US sanctions. Crossing the wires early Wednesday morning, Russian Deputy Finance Minister Vladimir Kolychev was quoted by Reuters as saying the Russian sovereign wealth fund will reduce US Dollars and is considering…
Bank Behind World’s Largest Money Laundering Scandal Offered Russians Gold Bars To Hide Their Fortune
Greed is responsible for much sorrow. The Bible says in 1 Timothy 6:10, “the love of money is the root of all kinds of evil.” But is greed only about money? No. Greed goes much further than money. What is greed exactly then? What does God or the Bible have to say about it? Greed is a spiritual…
“It’s As If JPMorgan And Goldman Vanished…”
The equity-ification of the bond market has been closely followed by Bloomberg News and other financial journalists. Unfortunately for the big banks, it’s a trend that has largely been led by fintech firms like TradeWeb and Bloomberg. Many corporate bonds from investment grade to deep in the speculative territory can be found trading on-the-run on…
German Finance Minister Publishes New Banking Union Plan To Save The EU (And Deutsche Bank)
Less than a year after his finance ministry failed to broker a merger between Commerzbank and Deutsche Bank in a bid to rescue the flailing German lending giant (Deutsche) and create a new national champion (or so he hoped), German Finance Minister Olaf Scholz is embarking on a campaign to convince the European Union to…
Dalio: “The World Has Gone Mad And The System Is Broken”
Another way of putting this country situation, we are on the doorsteps of biblical tribulations…. The Entire “Success” Of Un-godly Depend On Keeping The People Wildly Ignorant Of Reality I say these things because: Money is free for those who are creditworthy because the investors who are giving it to them are willing to get…
US Media Is “Carrying Buckets Of Muddy Water For The ‘Coup Team’
How Far Will They Go? CBS-News carried another bucket of muddy water for the coup team Sunday night with a lead 60 Minutes agit-prop story on Maria Butina, an ambitious Russian cutie who worked the American NRA circuit in the most public manner imaginable to make herself into a sex-bomb celebrity at the exact the moment in history…
The 3 Things Behind Mass Social Unrest In Bolivia, Hong Kong, France, Spain, Iraq, Lebanon, Egypt, And Elsewhere
Social unrest seems to be cropping up all over the world, from Hong Kong to Bolivia and Lebanon; we offer up a 3 variable model to help explain why. The inputs: urbanization, income inequality, and average age. Every country currently seeing mass protests has some combination of high levels of the first two and lower readings for…
“Extreme Greed” Trigger’d – Gold, Bonds, & Stocks Rally As Dollar Dives
Thanks to a melt-up today, US equities (apart from Trannies) ended the week higher… But today’s gains were farcically driven by a full-court press of jawboning (5 Fed Speakers, Mnuchin, and Kudlow) to open the US equity markets… 0830ET Jobs Beat – Dow +100 0915ET Fed’s Kashkari dovish: “we’re not at maximum employment.. in free lunch zone” – Dow…
Chinese Bank On Verge Of Collapse After Sudden Bank Run
Coming to America SOON, when dealing with a collapsing Ponzi scheme, only those who pull their money first stand to recover anything …. First, it was Baoshang Bank, then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a…