Treasury Department

Donald Trump Has An Enormous And Very Dangerous Wall Street Blind Spot

A very large percentage of the American public (including myself), remain irate at the complete lack of any justice served with regard to finance criminals in the aftermath of the economic collapse of 2008/09. When it comes to greedy, unethical behavior in the wake of that tragic period, Steve Mnuchin is in a class of his own. To appoint such a toxic financial oligarch to Treasury Secretary is a serious slap in the face to all American citizens.

Trump Treasury Nominee Mnuchin Declines To Answer Senator's Questions, Was Accused Of "Widespread Misconduct"

OneWest Bank, which Donald Trump’s nominee for treasury secretary, Steven Mnuchin, ran from 2009 to 2015, repeatedly broke California’s foreclosure laws during that period, according to a previously undisclosed 2013 memo from top prosecutors in the state attorney general’s office. Meanwhile, Mnuchin told Senator Sherrod Brown he declines to answer questions about his views on financial regulations, sanctions and his time as head of a bank

2016: The Terrible, Horrible, No Good, Very Bad Year

What a terrible, horrible, no good, very bad year this has been. Endless wars. Toxic politics. Violence. Hunger. Police shootings. Mass shootings. Economic downturns. Political circuses. Senseless tragedies. Loss. Heartache. Intolerance. Prejudice. Hatred. Apathy. Meanness. Cruelty. Poverty. Inhumanity. Greed.

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

Maduro Halts Cash Ban Amid "International Sabotage" Conspiracy Theory; Blames Obama, US Treasury

Venezuela President Nicolas Maduro suspended the elimination of the nation’s 100 bolivar bill until Jan. 2 after the government’s decision to pull its largest denomination note out of circulation left the country short of cash, sparking violent protests and looting. Maduro said Venezuelans were "victims of international sabotage," exclaiming "US, Obama are to blame for financial attacks, US Treasury ordered new bills halted."

Trump May Appoint President Of World's Biggest Hedge Fund As Deputy Defense Secretary

For those who collect stats about how many billionaires will be represented in Donald Trump's administration, prepare to make some extra room because according to Bloomberg, David McCormick, president of the world's biggest hedge fund Bridgewater, is the front-runner for the post of deputy defense secretary, according to three people familiar with the presidential transition.

Hugh Hendry: "We Are Running A Trumpian Portfolio"

  • In Europe we anticipate further duress in the political commitment to the European project as the success of Trump’s economic stimulus plan keeps US growth humming
  • The combination of Trumpian economics and Japanese 10-year nominal yields being trapped at zero by the Bank of Japan should mean the yen continues to weaken.
  • And finally, there are Chinese trades which generate positive carry should the status quo persist yet remain long volatility should pressure on the renminbi intensify

These Countries Have Nearly "Eliminated Cash From Circulation"

If you have any misguided notion that a cashless society is not coming, just keep telling yourself that every time you use a debit card, credit card or your phone for your next purchase. With the elimination of cash we effectively hand over our individual human sovereignty to the banks and the government.