Showing 9027 Results for dow
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Showing 9027 Results for dow
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July 17, 2015
As you move into a major low, it is not about who is still long, it is who is short. As gold capitulates and spirals lower, the gold promoters are running out of nonsense to justify it rising while the world is declining. What happens is two aspects. Those who have been long lose their shirt, pants, house, wife, […]
July 17, 2015
CalPERS (California Public Employees’ Retirement System) posted a profit of just 2.4% for its fiscal year (which ended on June 30) that was well below its 7.5% investment target. This is illustrating the crisis emerging in pensions. Even the pensions that were funded are now underfunded because they counted for so long on 8% bond yields. […]
July 16, 2015
Yesterday, dealers spent most of the day waiting for the Greek vote and then, later in the day, Janet Yellen’s semi-annual HH (Humphrey Hawkins) testimony in front of the House Financial Services Committee. The Greek vote was rather well publicized throughout the day and confirmation that the measures would be accepted should be no huge surprise. With […]
July 16, 2015
In 2011, Louisiana became the first state to wage war on CASH, enacting a law called R.S. 37:1866. Politicians made it illegal to purchase anything from a secondhand dealer with cash. Therefore, even going to a garage sale to make a purchase with cash became illegal. A secondhand dealer shall not enter into any cash […]
July 16, 2015
What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the 1930s. Consequently, some limit the term Long Depression to the worldwide price recession beginning in 1873 and running through the spring of 1879. Six years is not exactly a “long” depression, that in […]
July 15, 2015
Hours after Hillary Clinton vowed to crackdown on Wall Street, by no means will she reverse what she and her husband did in repealing Glass-Steagall. Hillary’s adviser comes from none other than Goldman Sachs, who some call the modern day Rothschilds. If Hillary is elected, she will be perhaps far more corrupt than just about […]
July 15, 2015
When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that were not members. Those non-member banks operated in an environment similar to what existed before the Federal Reserve was first, established back in 1914. People criticize the Federal Reserve […]
July 15, 2015
Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the political position of Merkel entirely. There is no doubt about this: Greece cannot pay and cannot raise taxes while simultaneously having any viable economy. This is […]
July 14, 2015
Whenever there is some political deal, it is NEVER what they present to the public with such magnanimous fanfare. There is always a hidden agenda. Here, Obama tells the American people this deal will prevent Iran from gaining nuclear weapons. Why the sudden change of heart? Surely, negotiations could have produced the same result five years ago. […]
July 14, 2015
The left-wing Syriza Party of Greece is starting to question what Prime Minister Alexis Tsipras is up to. Merkel is demanding austerity FIRST before any loans. Additional murmurings behind the curtain claim that Merkel wants a list of all assets owned by Greece. If Merkel thinks that she can seize Greek assets upon a default, she is […]