• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

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"Global LIBOR Scapegoat" Turns To Public Crowdfunding To Fund Appeal

While UBS agreed to pay $1.5 billion to quickly settle charges that the bank manipulated LIBOR, trader Tom "Libor is too high, 'cos I've kept it artificially high" Hayes wasn't so lucky however. Alas, Hayes' pockets weren't that deep and he was the scapegoat UBS chose to offer up to the masses in the wake of the scandal, eventually being found guilty and sentenced to 14 years in jail (later reduced to 11 years).


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Futures Rebound As Crude Regains $45 On Canada Fears; Turkey Hammered

While markets remain relatively subdued ahead of tomorrow's nonfarm payrolls report, after several days of losses in US stocks which pushed the S&P500 to three week lows, overnight markets ignored the latest weak data out of China where the Caixin Services PMI was the latest indicator to disappoint (dropping from 52.2 to 51.8), and instead focused on crude, which rebounded from yesterday's post inventory-build lows and briefly printed above $45/bbl over uncertainty related to the impact of Canada wildfires on production and how long will last. The bounce in WTI has meant Brent briefly traded at parity with West Texas for the first time in 6 weeks. 


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A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest "Currency" Position

If anyone had wondered if Stanley Druckenmiller's recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.


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Another Deadlocked Election Coming Up In Spain

After six months of failed coalition attempts, Spain’s King Felipe dissolved parliament and announced new elections. I reported on this last week, but the official document dissolving parliament was signed today. New elections are on June 26. Will the results be any different?


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Majority Of Germans Think The Media Is Controlled By Political, Economic Elites

According to a recent survey, the majority of people in Germany view the news media as simply a pillar of the government and the powerfully elite. Only one third of the respondents think that the German news media is truly independent, while the majority view the government and parties as having control over particular policies, and the lobbyists and advertisers having control over the economic news.


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Guest Post: The Great Western Retreat

"This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one. It is Europe's new Weimar moment.."


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Notorious Hacker Makes 'Bombshell' Claim: "I Got Inside Hillary's Completely Unsecured Server"

In a dramatic development that could lead to renewed focus on Hillary Clinton's email server scandal, NBC reports that the Romanian hacker who first exposed Hillary Clinton's private email address is making a "bombshell" new claim: that he also gained access to the former Secretary of State's "completely unsecured" server.


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China Warns 'Will Respond To Trump Presidency'

Speaking through its mouthpiece Global Times, China has published its first reaction to "unpredictable" Trump's position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House... "This scenario is becoming increasingly serious..."


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How A Collapse In South America Could Trigger Martial Law In The U.S.

If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then swim through. The issue is and always will be “interdependency,” and the dissolution of sovereign borders. The European Union dynamic, for example, can only end in one of two ways - the complete dismantling of the supranational body and a return to sovereignty, or, a socio-economic crisis followed by even more centralization and the end of all remnants of sovereignty. Either way, the consequences will not be pretty. The same strategy may also be used in the Western hemisphere; more specifically, the collapse in South America that almost no one in the mainstream seems to be paying much attention to.


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Where Does The U.S. Get Its Oil?

Ever wondered where the United States imports its oil from? Howmuch.net came out with some infographics to show that from 2000 to 2015. What we would highlight here is the notable shift from the U.S. depending heavily on Middle East countries and Mexico, to depending more on America's neighbor to the north, Canada.


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Buchanan: If There's A 2nd Cold War, Did Russia Really Start It?

Putin may top the enemies list of the Beltway establishment, but we should try to see the world from his point of view. Did we not ourselves slap aside the hand of Russian friendship, when proffered, when we chose to embrace our “unipolar moment,” to play the “great game” of empire and seek “benevolent global hegemony”? If there is a second Cold War, did Russia really start it?


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EU Plans $290K Per Person Fine For Countries Refusing "Fair Share" Of Refugees; Angry Response Ensues

The European Commission plans fines of $290,000 per person on countries refusing to take in their fair share of refugees. This plan is aimed straight at Poland, Slovokia, Hungary, the Czech Republic, and Austria. Sure enough, those countries promptly lashed out at the European Commission's proposal, blasting the plan as “blackmail.”


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Hillary Seeks Funds To "Save The World From Donald Trump"

"I don't know how else to say it: The whole world is counting on us to win this thing. And we owe it to them to step up..."


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TTIP - American Economic Imperialism Exposed

All of the blather about free trade and tariff reduction is mere cover for the only purpose of TTIP, which is to establish American economic imperialism over the peoples whose governments sold them out for money.


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Spot The Odd Car Maker Out


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