"Rotten To The Core"

You have $100,000 in your account, right?   Does it mean that there is a little cubbyhole somewhere, with your name on it, in which you will find a stack of 1,000 Ben Franklins? Nope. Not even close. No cubbyhole. No stack of money. No nothing.

"My Passion Is Puppetry"

Here’s my metaphor for investors and central bankers today — the brilliant Cars.com commercial where a woman is stuck on a date with an incredibly creepy guy who declares that “my passion is puppetry” and proceeds to make out with a replica of the woman.

Where One Swiss Bank Will Be Buying Gold

While the furious rally that proppeled gold higher in the first quarter - by the most in 25 years - appears to have fizzled, it is hardly over. So for those wondering when they should add to their position, or start a new one, here is some advice from Geneva Swiss Bank, which believes that $1,180-$1,190 "may be a good level to buy gold."

No Turning Point: What Happens in Wisconsin Stays in Wisconsin; Hell to Pay

Whether Trump wins the nomination or it is stolen from him, a destructive breakup of the holier-than-thou, war-mongering, neocon pseudo-conservative hypocrites running the Republican party is potentially at hand. For that we can all thank Trump, whether you like the guy or not. It’s time to rebuild the Republican party, and this is a good start. If the nomination is stolen from Trump, he can finish the job with a third-party candidacy.

 

Before Trump, Sen Bulworth Spoke Truth To Power

As our empire erodes, and overseas tyranny evolves into full moral meltdown at home, and the economy becomes a series of bubbles, the sociopaths in charge resort to more inventive and draconian measures. Trump is neither the solution nor the answer but more like another symptom. A long simmering effect of a longer lingering cause. The cause and effect of bad governance, of corruption without any consequences.

Alibaba Surpasses Walmart As Largest Retail Company In The World

"Alibaba Group Holding Limited announced on April 5, 2016 that as of March 31, the end of its fiscal year 2016, it has become the largest retail economy in the world as measured by annual gross merchandise volume (GMV) on its China retail marketplaces. PricewaterhouseCoopers (PwC) has performed agreed upon procedures on data relevant to Alibaba Group’s GMV."

Governor Of Puerto Rico Set To Impose Capital Controls

The newly signed Puerto Rico Emergency Moratorium & Financial Rehabilitation Act also empowers the governor to order the financially battered Government Development Bank (GDB) to restrict the outflow of cash in a bid to stabilize its dwindling liquidity levels, which stood at roughly $560 million as of April 1, according to the bill. In other words, capital controls.

Guest Post: Why Hillary Clinton’s Paid Speeches Are Relevant

Hillary Clinton’s paid speeches are not relevant because of anything that they said, but because the organizations that paid typically $225,000 to her, for each of them, were paying a servant, for extremely valuable services that that servant is being expected to provide to the owners and top executives of that organization if that servant becomes the U.S. President (or, in the case of her husband Bill) for valuable services that already were provided by that servant when he was a President. They’re pay-offs, for services that are anticipated, or else that have already been provided. They are not (such as the author was assuming) for “the speech.”

The Panama Papers: This Is The Consequence Of Centralized Money And Power

Increasing concentrations of wealth and power that are free of any constraint (such as taxes) is not just the consequence of centralized money and state power--this inequality is the only possible output of centralized money and state power. The Panama Papers offer damning proof of this.  Here is a graphic portrayal of just how concentrated global wealth really is: the top .7% (less than 1%) own 45% of all global wealth, and the top 8% own 85%.

Greeks Confiscate Largest Amount Of Gold Ever Smuggled

Customs officials at the Greek-Turkish border crossing of Kipoi have confiscated the largest amount of gold that anyone has ever attempted to smuggle out of the country.  The loot was found hidden in a taxi and consisted of 18 bars of unrefined gold, weighing 33.5 kilos, along with four crosses made of oure gold (11.6 grams). The gold was found last Friday during a police check on cars planing to cross the border. The suspects hid seven gold bars and the four crosses in the car’s passenger armrest while the other 11 bars were concealed in their luggage.

Here We Go Again: Obama Pushes Banks To Lower Home Loan Standards

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place. Administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

A World Preparing For Conflict: Global Military Spending Rises For The First Time In Five Years

World military expenditures rose to $1.7 trillion in 2015, an increase of about 1% from last year. According to SIPRI, this was the first increase in global military spending since 2011. Unsurprisingly, the United States earned the top spot by a ridiculous margin, spending a gargantuan $596 billion in 2015 (for which the military industrial complex - the recipient of the funds - is eternally grateful). The US is followed by China, and Saudi Arabia who spent an estimated $215 billion and $87.2 billion respectively.

Nigel Farage On The Future Of Politics

The era of top-down political operations is ending. Mass membership, open, accessible political movements are the future. Membership structures that are low-cost but allow involvement for those wishing to participate from the comfort of their own homes is where politics is headed, engaging an entirely new section of the population who have been left behind by the distant, remote current political structures. 

Why "The Fed Can't Save Us": The Simple Explanation From Austrian Business Cycle Theory

Will the Fed be able to keep the game going? In a word, no. We’ve already seen that even the tiniest of interest rate hikes has gone hand in hand with a huge drop in the markets. Furthermore, the Fed’s subsidies to the banks are now on the order of $11 billion annually, but if they want to raise the fed funds rate to, say, 2 percent, then the annual payment would swell to more than $40 billion.

Goldman Refuses To Stop Crushing Its FX Clients: "We Hold To Our Dollar Bullish Call"

So after having been dead wrong on the reaction to the USD during three out of the past three major central bank announcements, has Goldman's FX strategist Robin Brooks finally thrown in the towel on his ongoing, and wrong, strong USD call? Not at all. Here is his latest note title "Check Please, Chair Yellen", in which he says "In line with our Fed view, we hold to our Dollar bullish call."