The banks are coming under tremendous pressure in respect to proprietary trading. The days of the merger of Commodity Trading that took over Saloman Brothers in 1981 by Philips Brothers (PhiBro) are coming to an end 31.4 years after they began. JP Morgan has announced it is exiting the commodity business which came 3 days […]

The Cyprus Bail-In seems to be coming in as 47.5%. Keep in mind that the loss is due to the banks holding debt from Greece that the EU promised would never happen. The entire European Banking System is at tremendous risk. Aside from the issue of proprietary trading that went sour as in New York, […]

“I prefer dangerous freedom to peaceful slavery” January 30th, 1787

Let me make something very clear. The USA routinely tortures people. The press simply will not report it as such because they are controlled. If they report anything the government does not like, the journalist is targeted by the IRS and any individual that does not do as Washington demands is dead meat. I personally […]

Interesting Article by Bruce Schneier, on how the Internet has been turned into a surveillance tool that becomes impossible to avoid. We do not use cookies – nor do we sell any names to anyone ever http://edition.cnn.com/2013/03/16/opinion/schneier-internet-surveillance

The first window we warned where a low in gold could form was June in the mid 1100 level. We reached that minimum target objective despite all the yelling and screaming about fiat, manipulations, and other nonsense. We are still not out of the woods on gold yet and the primary resistance zone going into […]

Obama’s replacement for Ben Bernanke as Chairman of the US Federal Reserve has been narrowed down to a two-horse race, between Larry Summers and Janet Yellen. Summers was Obama’s chief economic adviser in the aftermath of the sub-prime crisis and Treasury Secretary under President Clinton from 1999-2001. Janet Yellen is a former President of the Federal Reserve […]

President Obama is already posturing to raise taxes again. He is now calling for $1.6 trillion in tax increases. We are headed into a massive black hole and there is not much we are going to be able to do. These politicians are totally out in left field and we may actually see a government […]

German citizens have not actually benefited from the Euro in personal ways. Among the 17 countries of the Eurozone,  Germany is far behind countries such as Italy, France or Spain insofar as net assets are concerned. Additionally, one in four Germans suffer from a low wage.

Congress goes on vacation for a month and upon return the fight will be the budget and debt ceiling. Obama is already trying to blame the Republicans for undermining his proposals for the Middle Class. But this is really a joke. If you just look at Detroit, about 50% of all tax revenue is going […]