Transparency

Tyler Durden's picture

US Treasury Gives Explicit Warning To China, Germany And Japan Not To Devalue Their Currencies





"Treasury is creating a new “Monitoring List” that includes these economies: China, Japan, Korea, Taiwan, and Germany. China, Japan, Germany, and Korea are identified as a result of a material current account surplus combined with a significant bilateral trade surplus with the United States. Taiwan is identified as a result of its material current account surplus and its persistent, one-sided intervention in foreign exchange markets. Treasury will closely monitor and assess the economic trends and foreign exchange policies of these economies."

 
Tyler Durden's picture

The Death of Free Speech: The West Veils Itself





Last week, Nazimuddin Samad sat at his computer at home and penned a few critical lines against the Islamist drift of his country, Bangladesh. The day after, Samad was approached by four men shouting "Allahu Akbar!" ("Allah is great!") and hacked him to death with machetes. But this and other shocking killings have not been worth of a single line in Europe's newspapers. Is it because these bloggers are less famous than the cartoonists murdered at Charlie Hebdo? Is it because their stories did not come from the City of Light, Paris, but from one of the poorest and darkest cities in the world, Dhaka? No, it is because the West has capitulated on freedom of expression.

 
Tyler Durden's picture

Delaware Has One Billion Reasons Not To Change Its Laws Of Incorporation





In the aftermath of the Panama Papers scandal, one topic that will only continue to receive attention as this topic moves along, is the state of Delaware and its perceived status as a U.S. tax shelter. According to Bloomberg, the state has about 1.1 million business entities, and one single building located at Wilmington's 1209 Orange Street is the home address of 285,000 companies including Alphabet (Google), Ford Motor Co., and Wal-Mart. However, as pressure from mounts from the outside asking Delaware to reform some of its laws around incorporation and business in general, there is one good reason why the state will choose to leave everything at the status quo if at all possible.

 
Tyler Durden's picture

Business "Subsidies" Plummet 70% As Government Support Evaporates





In order to attract and retain small and big business alike, it's long been a tactic by states and local governments to offer tax breaks. However, as times have got tough - and rules have changed - in Obama's "recovery", government subsidies to their cronies - of at least $50 million - have plummeted by 70% Bloomberg reports.

 
Tyler Durden's picture

Trump And Hillary Refuse To Explain Why They Both Share The Same Address In Delaware





As it turns out, Hillary Clinton and Donald Trump share something pertinent in common, after all - a tax haven cozily nested inside the United States.

 
Tyler Durden's picture

While America Debates The $20 Bill, China Moves Closer To Gold





In spite of Ben Bernanke’s assurances to the contrary, it is clear that China still sees gold as money. Along with bolstering their gold holdings, China has reformed its banking system to be friendlier to gold trading.

 
Tyler Durden's picture

Frontrunning: April 21





  • World stocks gain along with oil, clock ticks down to ECB (Reuters)
  • Draghi Expected to Defend ECB in Face of German Criticism (WSJ)
  • Trump, Cruz, Kasich seek to win over Republican leaders at party meeting (Reuters)
  • Donald Trump Plans to Adopt More-Traditional Campaign Tactics (WSJ)
  • Japan, Not Germany, Leads World in Negative-Yield Bonds (BBG)
 
Tyler Durden's picture

George Soros Warns "China Resembles US In 2008", Hard Landing "Practically Unavoidable"





China's massive credit growth in March (and $1 trillion surge in total social financing in Q1) is a "warning sign" according to billionaire George Soros, "because it shows how much work is needed to stop the slowdown." Speaking at an event in new York this evening, Soros commented on "troubling developments" in China, the anti-corruption drive's impact on capital outflows and the real-estate bubble "feeding on itself." His conclusion, rather ominously, was that despite all the naysayers and fiction-peddlers, China "resembles US in 2007-8," before credit markets seized up and spurred a global recession.

 
GoldCore's picture

China Gold Yuan Trading To Boost Power In Gold and FX Markets – End Manipulation?





China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and fx markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.

 
Tyler Durden's picture

Frontrunning: April 19





  • Early Warning Signs of Recession Flash Faintly in U.S. Jobs Data (BBG)
  • Who Needs Buybacks? One S&P 500 Variant Just Rallied to a Record (BBG)
  • The unpredictable new voice of Saudi oil (FT)
  • Saudi's Other Warning Makes Oil Traders Sweat After Doha Failure (BBG)
  • U.S. oil investors rush for protection at $35 as Doha talks collapse (Reuters)
  • Trump candidacy: Where some fear to tread others see a path to victory (Reuters)
 
globalintelhub's picture

The Real Test Of The Petro Dollar System





Currently the US Dollar, traded on the stock market as (UUP), and (USDU); is the world's reserve currency.

 
Gold Money's picture

Fiat Money Fairytales





Frequently one can tell by the title of an opinion piece whether it is going to consist of quality arguments or just meretricious mudslinging. Professor Charles Postel of San Francisco State University boldly announces the latter in choosing to title his recent tirade against sound money, "Why Conservatives Spin Fairytales About the Gold Standard". As this article is so typical of what we seek to rebut, we publish it here, and now.

 
Tyler Durden's picture

Trump Asks "How Has The 'System' Worked Out For You?"





"The political insiders have had their way for a long time. Let 2016 be remembered as the year the American people finally got theirs."

 
Tyler Durden's picture

The Weirdest Possible Outcomes For The Strangest Election In U.S. History





Elections have entered the world of the weird because America itself is on the edge of something that will shake its very core. What that event will be is hard to say because there are so many possibilities, but tensions of this caliber usually escalate to crisis before they deescalate, and tensions today are surely escalating. The elections only serve as a gauge for how close to the bottom of the abyss we actually are.

 
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