A very serious problem is lurking behind the entire NSA affair. Are they giving information to their “partners” who have been feeding them private and personal information crossing the line into Industrial Espionage? Reports are surfacing that the NSA has been spying on the Brazilian oil company Petrobras, and Brazil’s President Dilma Rousseff is making the allegation. […]

The notorious Microsoft Corp Chief Executive Officer Steve Ballmer will now “retire” within the next 12 months. This is interesting for it is a code word for get the hell out of here. The shares rallied almost 9 percent on hopes that someone new will change the course of the company. But Microsoft is going […]

The solution we have been working on is rapidly becoming the only way out. The amount of debt keeps growing and there is just no way to resolve this mess. Either we go into a massive default wiping out all pensions, or we keep raising taxes and destroying the economy wiping out the youth and […]

Gold is still poised to press a touch higher. Monday and Tuesday were daily directional changes and we achieved a high on Monday with a test of support yesterday. The next directional change is targeted for Friday where we may see the high for the week. Technical resistance by Friday stands at 1432.55. The Daily […]

One of the more interesting ideas to advance travel would be to erect tubes within which a capsule would travel at about 700 mph. This is like you put documents in a tube at a drive up window at a bank or they use tubes to transport documents in buildings. If you could enter of […]

Glenn Greenwald has been championing Edward Snowden and has reported that the Email service used by Snowden has shut itself down, warning against using US-based companies: ‘Google, Facebook, Microsoft, Yahoo, Apple, and the rest of our internet titans. He askes why have these companies rolled-over and are not fighting for our interests the same way. The […]

The model in Cyprus of limiting cash withdrawals from banks is being adopted in the EU for the entire system. The European idea of socialism is the sustainability of the government – not the survival of the people. Europe continues to destroy its economic future by undermining public confidence in their entire financial system, http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdeutsche-wirtschafts-nachrichten.de%2F2013%2F08%2F07%2Fneue-eu-regel-sparer-muessen-um-guthaben-unter-100-000-euro-bangen%2F

QUESTION: If Europe is imploding, general global economy slowing and there is a liquidity crunch, Why in heaven is the Fed going to start taper in september? Because of political pressure are they going to taper/rise rates and leave the Banks on their own with prop.trading? Has the Fed decided to really clean the system? Thank you […]

Unlike the USA, the British courts and legal process are not as in bed with the bankers as they are in New York. They have brought to court today on criminal charges former brokers charged with conspiracy in the LIBOR interest rate fraud that continues to expand. This stands in stark contrast to the policy […]

Goldman Sachs Group Inc reported its quarterly profits doubled, however, this was predicated upon trading profits and a lower tax rate by keeping its profits offshore. This is precisely the problem as investors are now beginning to understand that trading factors are no guarantee with respect to future success. The “bank’s” shares declined on Tuesday despite […]