Corruption

Tyler Durden's picture

Market Shudders As Brazil Risks "Succumbing To Fiscal Populism" With New FinMin





Brazil has a new finance minister and the market is not happy. As BofAML puts it, "the focus turns now to the direction of the fiscal policy under the new FinMin, which should affect the recovery in confidence and thus growth. With mounting downside risks to growth that heavily weigh on the government’s revenues and the ongoing challenges in passing fiscal measures in Congress, tangible results over statements will now be needed to improve expectations over primary fiscal results ahead."

 
Tyler Durden's picture

Frontrunning: December 18





  • Oil heads for third straight weekly loss as supply weighs (Reuters)
  • BOJ's $2.5 Billion ETF Boost Seen Having Little Impact on Stocks (BBG)
  • Japan core CPI seen flat in November, household spending down (Reuters)
  • Dollar gets altitude sickness as BOJ disappoints (Reuters)
  • Fed Hikes, but Some Rates Veer Lower (WSJ)
  • White House calls for 'common sense steps' to help Puerto Rico (Reuters)
 
Sprott Money's picture

Thirty Years of Zero Price Discovery in Silver





Despite these economic dynamics that are automatic in any legitimate market, there has been no price discovery in the silver market for three decades.

 
Tyler Durden's picture

We Disappeared Some Folks: Details Emerge In China's Sweeping Probe Of Stock Market Rescue





“Communist Party graft busters have been taking officials, one by one, to a hotel close to the [CSRC’s] headquarters to press them to come clean or report on others."

 
Tyler Durden's picture

Thai Man Faces 37 Years In Prison For "Insulting" the King's Dog





In America, we often joke that what we post on the internet might land us in prison, but for the time being - though perhaps not for long - we are generally safe to say what we like about the government. We worry mostly only about the “slap on the wrist” of probably being placed on a watch list. A man in Thailand, however, faces 37 years in prison for criticizing the king’s dog on the internet, as well as allegedly insulting the monarchy.

 
Tyler Durden's picture

The DSKing Of Christine Lagarde: Someone Wants To Eliminate The Head Of The IMF





A French court ordered the orange-skinned IMF head to finally face trial over her alleged role in the Tapie payout scandal. What is most unexpected about this outcome is that France's top prosecutor had recommended in September that investigations against Lagarde in the case be dropped.

 
Tyler Durden's picture

Ecological Panic: The New Rationale For Globalist Cultism





If ecological panic is the primary trigger of collapse, war and industrialized death, the elites escape all blame. They are the ones, after all, trying to “save us” from ourselves by introducing carbon emissions controls, not to mention the idea of population controls. Global warming becomes a catch-all bogeyman, a Frankenstein monstrosity created by humanity and plaguing humanity. Those who deny the existence of global warming or who question the legitimacy of its high priests (climate scientists) are not exercising their right to skepticism; they are contributing to inevitable genocide. Therefore, climate denial would have to be punished by governments, as climate scientists have been publicly suggesting.

 
Tyler Durden's picture

Meet The Foreign Criminals Using L.A. Real Estate To Launder Money & The Developers Who Help Them





While New York City and London are already well known as top destinations for shady, foreign-money laundering oligarchs who often attain untold riches by thieving from their own people, the Los Angeles area has likewise morphed into a criminal real estate hub.

 
Tyler Durden's picture

Brazil Stocks, Currency Tumble After Fitch Downgrade To Junk





The writing has been on the wall since the S&P "junking" in September, and now Fitch has jumped on the bandwagon, cutting Brazil to BB+, outlook negative. 

 
Tyler Durden's picture

Market Panics As "China's Warren Buffett" Detained In "Richter Scale 9 Event"





China’s sweeping crackdown on sellers, “manipulators”, frontrunners, financial journalists and anyone else “suspected” of acting in such a way as to sow fear and uncertainty in the wake of the dramatic meltdown in Chinese equities that unfolded over the summer has ensnared money managers, high profile executives, and government officials alike. Earlier this week, it reached a crescendo with the disappearance of Guo Guangchang, known to some as “China’s Warren Buffett. We now have a bit more in the way of color regarding Guo’s detention and sure enough, he’s being “held in connection with an investigation.”

 
Tyler Durden's picture

Visualizing The World's "Hot" Money





Every year, roughly $1 trillion flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion. This amount is more than these countries receive in foreign direct investment and foreign aid combined. This week, a new report was released that highlights the latest data available on this “hot” money. How does this “hot” money leave these countries? Global Financial Integrity has calculated that 83% of illicit financial flows are due to what it calls “trade misinvoicing”.

 
Tyler Durden's picture

Frontrunning: December 11





  • Futures down sharply as oil hits seven-year low (Reuters)
  • Oil slides to new seven-year low as IEA warns of worse glut (Reuters)
  • But... but... they all said... Cheap Oil Gives Little Help to U.S. Spending (WSJ)
  • Disappearances in China Highlight Ruling Party Detention System (BBG)
  • China’s Credit Rebounds as Stimulus Helps Boost Loan Demand (BBG)
  • Junk Fund’s Demise Fuels Concern Over Bond Rout (WSJ)
 
Sprott Money's picture

Seeking a Saviour





If we have a saviour, it is the person in the mirror. If we are to be saved, we alone must do the research, make the plans, vote with our feet and establish our own liberty.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!