Transparency

The Central Bank Power Shift From West To East, Game Of Thrones Style

The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. It carries on refusing to acknowledge that there may come a time, sooner rather than later, where its power is attacked. The ramifications of such an attack will impact the standing of the U.S. in the world.  The Fed can carry on being oblivious, but Game of Thrones illustrates the struggles playing out right now.

Wells Execs Forfeit $60 Million; May Be Just The Beginning

Wells Fargo Special Committee of Independent Directors announces plan to claw back $60mm in unvested options from Stumpf and Toldstedt in addition to other salary, bonus and severance payments but this may be just the beginning.

Dilbert Creator Scott Adams Explains Why He Switched His Endorsement To Trump

"...I don’t understand the policy details and implications of most of either Trump’s or Clinton’s proposed ideas. Neither do you. But I do understand persuasion. I also understand when the government is planning to confiscate the majority of my assets. And I can also distinguish between a deeply unhealthy person and a healthy person, even though I have no medical training. (So can you.)"

US-EU Trade Talks "De Facto Dead"

...German Economy Minister Sigmar Gabriel declared that [talks] were “de facto dead”. The French minister told the Handeslblatt newspaper that the United States had demanded too much and not compromised enough. "A crazy machine is moving here, the negotiations are a failure, nobody believes that they will come to a successful conclusion..."

"Warped" WaPo Calls For Prosecution Of Its Own Source (after Accepting Pulitzer For Snowden Leaks)

"...what makes today’s Washington Post editorial so remarkable, such a tour de force, is that the editors are literally calling for the criminal prosecution of one of the most important sources in their own newspaper’s history. Having basked in the glory of awards and accolades, and benefited from untold millions of clicks, the editorial page editors of the Post now want to see the source who enabled all of that be put in an American cage and branded a felon. That is warped beyond anything that can be described."

Expect Third Election In Spain: Rajoy Blows Any Coalition Chance With Graft Appointee

Any hope of Rajoy securing a coalition or even a minority government via abstention flew out the window yesterday. Rajoy had secured the backing of Ciudadanos on the premise Rajoy would clean up corruption. But moments after the last coalition vote, which failed, Rajoy’s economy minister attempted to appoint a corrupt and disgraced colleague to a lucrative position at the World Bank. Accusations have been ongoing ever since, and yesterday things blew up in Spanish parliament in a very heated debate.

Trump Will Not Release Medical Records On "Dr. Oz Show"

In what may be a stroke of luck for Hillary Clinton, whose medical condition has been the only topic of belated mainstream media discussion this week, earlier today Donald Trump's campaign announced that it would not release his medical records or the results of his physical examination on "The Dr. Oz Show."

Frontrunning: September 14

  • Bayer wins over Monsanto with improved $66 billion bid (Reuters)
  • Yen trims gains as doubts creep in over BOJ easing (Reuters)
  • BOJ to make negative rates centerpiece of future easing: sources (Reuters)
  • Stocks Halt Selloff in Europe as Commodities Gains Lift Miners (BBG)
  • Donald Trump, New Team Recast His TV Image (WSJ)
  • Hanjin Brings One of World's Busiest Shipping Terminals Close to Standstill (BBG)

Hillary Became Unelectable Long Ago

It all looked so promising before the details started leaking out, didn’t it? Destiny, first woman president, all of that. But not this woman. One thing that speaks for Hillary is she screwed it up all by herself. Trump had nothing to do with it. Let alone Putin. In that sense, she’s an independent woman. In the end, Hillary got stuck in her own web of sheer hubris.

Hillary Breaks Silence; Says Whole Pneumonia, 'Stumble' Thing "Wasn't That Big A Deal", Admits Happened Before

Hillary Clinton broke her post-9/11 silence tonight with an interview with CNN's Anderson Cooper. Claiming that she felt dizzy but did not lose consciousness (all video evidence aside), the presidential candidate proclaimed that she didn't think the pneumonia was "going to be that big a deal," and is now "feeling so much better." Cooper did press Clinton on the number of times this has happened - more than once - but Clinton took the opportunity to ironically call out her opponent for his lack of transparency.

It's Time To Bring Back Bernie

It's time to bring back Bernie Sanders, a candidate who can tell the difference between the truth and perception management, someone who isn't an embarrassment to the nation. I understand that Hillary's coronation as Head of the Deep State has already been scheduled by the Powers That Be, but that doesn't mean we too must lose the ability to differentiate between the truth and perception management.

Wells Fargo Scandal Is Just The Beginning; Here's What Else They're Hiding...

On Thursday, Wells Fargo admitted to secretly creating millions of bank and credit card accounts over the past 5 years without their customers’ knowledge or consent. Think about it: you hand over your hard-earned savings to these people but have absolutely zero idea what they do with the money. Banking is a black box. There is very little transparency, especially with extremely large banks.