• EconMatters
    04/27/2015 - 14:18
    If the DOJ and CFTC is going to be consistent, then they have to indict the entire financial community from the CME, Exchanges, Brokers, Institutions, Investment Banks, Hedge Funds, Management Funds...

Israel

Tyler Durden's picture

20 Central Banks Have Cut Rates In 2015 After "Surprise" Rate Cut By Israel To Record Low 0.1%





Last week it was 19 central banks (including the ECB which accounts for 19 nations) which had cut rates in 2015, mostly in "surprise", unexpected easing decisions. Moments ago the number became 20 when the Israel central bank just cut its interest rate by 0.15% to 0.1%, the lowest on record, a move which once again caught the market by surprise as only 3 of 23 analysts had predicted it.

 
Tyler Durden's picture

Key Events In The Coming Week: All Eye On Yellen's Testimony To Congress





With Greece moving to the, ahem, periphery if only for a few days/hours, this week the US calendar returns to the forefront with Fed Chair Yellen’s semi-annual monetary policy testimony before the Senate Banking Committee tomorrow night and the House Financial Services Committee on Wednesday, which the market will be paying very close attention to for the reconciliation of how the Fed plans to continue on its rate-hiking path despite rapidly deteriorating US macro data that has started 2015 at the worst pace (in terms of downside surprises) since Lehman.

 
GoldCore's picture

Gold in Euros 1.4% Higher - Massive Complacency Regarding Ukraine, Greece and Coming Debt Crisis





** Greek Bank Runs Accelerate as Possible ‘Grexit’ Looms
** Fatigue with Greek Crisis Breeding Massive Complacency
** Ukraine a Significant Setback for NATO
** India Demand To Rise To 35 - 40 Tonnes This Month
** Gold Oversold - Fundamental and Technical Position Good 

 
Tyler Durden's picture

Why ZIRP/NIRP Is Killing Fractional Reserve Banking & Forcing Deposits Into Gold





With historically low long-term interest rates, the opportunity cost of holding gold and silver are close to zero or even negative, in other words you would “lose” money if you buy bonds (the benchmark) instead of gold and silver. When people realize that their money is not “safe” with the banks they will start withdrawing cash from their accounts and buy physical gold and silver instead. Depending on circumstances this could possibly bring down the (fractional) banking system. Why keep money in an account that gives you a negative return? Swiss banks are already witnessing stronger than normal interest for physical gold.

 
hedgeless_horseman's picture

Questions to assist in creating a working inventory of mind, body, and equipment for living in dangerous or uncertain times





Do I know how to beg...effectively?

Do I know how to barter...effectively?

How good of a liar am I...really?

 
Tyler Durden's picture

General Wesley Clark: "ISIS Got Started Through Funding From Our Friends & Allies"





Not that it was really a conspiracy 'theory' but with General Wesley Clark (ret.) now openly admitting "ISIS got started through funding from our friends and allies... to fight to the death against Hezbollah" it appears the 'angel investors' cat is out of the bag. Adding that "they recruited the zealots and religious fundamentalists" Clark says 'we' create "Frankenstein." He is careful not to name names, but we ask (rhetorically of course), which of our (oil-bearing) allies has the biggest bone to pick with Hezbollah (apart from Israel of course)?

 
GoldCore's picture

International Hacking Group Steals $300 Million – Global Digital Banking System Not Secure





The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.

 
Tyler Durden's picture

World War 3, The Big Prize, & Europe's Gigantic Debt Minefield





In case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” The Big Prize, of course, is the grand fortress of Saudi Arabia. The kingdom is surrounded by Islamic maniacs now and if Saudi Arabia falls apart, it’s game over for modern life as the West has known it (and much of Asia now, too). But Europe is a gigantic debt minefield that no one can really walk across. Other parts of it than Greece are just waiting to blow up, and will, and it’s unclear whether Europe is even paying attention to the blood-red welcome mat that was laid out in Libya last weekend.

 
Tyler Durden's picture

Guest Post: The Great War Of The American Empire





Looking at a map of current American military engagements overseas, one cannot help but notice their wide geographical spread and their seemingly interminable nature. Battles have raged in Europe (Yugoslavia and Ukraine), in Africa, in the Middle East, and in central Asia. The American Empire has launched this country into a series of battles that have no end in sight and no location that may not become a focal point of military force. Upon close inspection, however, all of their rationales fall apart. None is satisfactory. The interventions are too widespread, too long-lasting and too unsuccessful at what they supposedly accomplish to lend support to any of the common justifications.

 
Tyler Durden's picture

Copenhagen Shooting Suspect Killed By Police After Two Deaths Including One At Synagogue





Lately, and tragically, not a month can pass in Europe without some deadly, mass shooting event whose inspiration is supposedly racial hatred. One month after the Charlie Hebdo massacre in Paris which left 20 people dead, another series of deadly shootings rocked otherwise quiet Copenhagen this weekend, where the person suspected to be responsible for the death of two people and injuring five first at a freedom of speech event and subsequently, at a synagogue in Copenhagen, was killed by police early in the Sunday morning hours.

 
George Washington's picture

The U.S. Government Wouldn't Cover Up a Foreign Government's Murder of Our Military Men ... Would It?





“If America’s Leaders Did Not Have The Courage To Punish [the Foreign Country] For The Blatant Murder Of American Citizens, It Seemed Clear That Their American Friends Would Let Them Get Away With Almost Anything”

 

 
Tyler Durden's picture

Fourth Turning: The Shadow Of Crisis Has Not Passed - Part 2





The dominoes are beginning to fall. The initial spark in 2008 has triggered a series of unyielding responses by those in power, but further emergencies and unintended consequences juxtapose, connect and accelerate a chain reaction that will become uncontainable once a tipping point is reached. The fabric of society is tearing at points of extreme vulnerability, with depression, violence and war on the foreseeable horizon. Mr. President, the shadow of crisis has not passed. The looming shadow of crisis grows ever larger and darker by the day as this Crisis enters the most dangerous phase, where the existing social order will be swept away in a torrent of carnage and ferocious struggle. We are not a chosen people. We are not immune from dire outcomes.

 
Tyler Durden's picture

Obama & Merkel 'Agree': No Prospect Of "Military Solution" In Ukraine





"Success is anything but certain," warned Germany's Merkel during the uncomfortably un-united joint press conference as both the leaders appeared to be able to agree on only one thing - that a military solution will not happen. This was followed by what appeared to be President Obama conceding to Merkel that the provision of arms to Ukraine was kinda sorta 'off-the-table' - though still under "ongoing analysis."  Hopes remain for a diplomatic solution and President Obama even concluded, "we are not looking for Russia to fail. ... Our preference is for a strong, vibrant, confident Russia." Other items that caused some tension included Iran, Israel, NSA "trust" and US asking for "benefit of the doubt," and Greek anti-austerity plans...

 
Tyler Durden's picture

Violent Extremism & Europe's Economic Hardship





"Economic hardship is another piece of the puzzle governing the extent to which violent extremism takes hold of societies. Europe, in part because of the unintended (but entirely predictable) effects of the euro currency union, is in its seventh year of economic stagnation. Unemployment and underemployment are high, especially among the region’s youth. This economic environment is a foul ground in which anger and racial, religious and ideological hatreds flourish."

 
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