DoJ Strikes Deal To Recover $1 Billion From Mysterious Fugitive Mastermind Behind 1MDB Fraud
Several of its employees have been arrested, and a former top banker has already pleaded guilty and agreed to cooperate with prosecutors. The U.S. Justice Department has struck a deal with fugitive financier Jho Low – the mysterious financier who allegedly masterminded the theft of more than $4 billion from Malaysia’s 1MDB development fund – to recoup…
U.S. Shale Braces For Brutal Earnings Season
A lot of big names will report third-quarter earnings this week, and the results are expected to be worse than the same period in 2018. The timing comes as the shale sector is facing somewhat of a reckoning. After years of price volatility – with more downs than ups – oil prices have failed to return…
Texas Could Be The Epicenter Of The Next Subprime Auto Crisis
The Birth Pains Are Growing Stronger…. “Unless God has raised you up for this very thing, you will be worn out by the opposition of man and devils”… My name is Steve Meyers and I need to share a vision and warning that the Lord showed me back in April 2007…. Many of you will…
Innovation BIS 2025: A Stepping Stone Towards An Economic “New World Order”
The IMF’s annual meetings held in Washington DC last week demonstrated that when the institution issues new economic projections or warnings of a downturn, the mainstream press is not averse to giving them prominent coverage. After the Fund was founded in 1944 (off the back of World War Two), it became part of what internationalists call…
One Of The World’s Largest Oil Companies Just Ditched The Dollar
The dollar is being intentionally killed, a one-world currency is now on the global oil markets… Russia’s largest oil company Rosneft has already completed the switch away from the U.S. dollar to euros in its export contracts to minimize risks from potential new U.S. sanctions, Rosneft’s chief executive Igor Sechin said on Thursday. Rosneft has already fully…
Peter Schiff: QE Is A Monetary Roach Motel
This Is Not a Printing Press! (Or Is It?) Rene Magritte’s 1929 painting “The Treachery of Images,” depicts a tobacco pipe with a caption that reads “Ceci n’est pas une pipe,” (French for “This is not a pipe”). Everyone who has taken a course in modern art knows that Magritte’s exercise in contradiction was meant to…
Goldman Sachs Banker Arrested For Insider Trading Scheme
Goldman Sachs has avoided staying out of the insider trading spotlight for about a year. But on Friday, new court documents reveal that an investment banker at the firm’s New York branch was arrested for his alleged involvement in an insider trading scheme that generated $2.6 million in illicit profits, according to Bloomberg. Bryan Cohen, a vice president…
Investors Panic-Sell Saudi Stocks As Bear Market Erupts
Paul wants to steer Timothy away from that trap. In doing so, he tells him the real source of “great gain;” namely, godliness with true contentment (verse 6). Contentment, in a biblical sense, is the recognition that we come into the world with nothing and that everything we have is a gift from God’s hands…
Economists Puzzled By Surge In US Money Supply
Uncertainty incites a dash to cash, which we’ve seen at an accelerated pace beginning about five months ago, amounting to $887.4B; In the two weeks ended September 30th, MZM rose by $158.1B, a figure that has only been eclipsed in the immediate aftermath of 9/11 Declining inflation expectations have netted record levels of households expecting…
Central Bank Issues Stunning Warning: “If The Entire System Collapses, Gold Will Be Needed To Start Over”
It’s not just “tinfoil blogs” who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too. An article…