The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist, Matthew Lynn. “It all has a very 2008 feel to it …” he warns and outlines his and our growing concerns about Deutsche Bank.
"How is this not classified?" Clinton aide Huma Abedin exclaimed once informed that the sender of an email to Hillary Clinton was believed to be pseudonym used by the president,. "Abedin then expressed her amazement at the president's use of a pseudonym and asked if she could have a copy of the email."
Chicago suffered through its worst summer of violence in decades. In August, over 400 people were shot and 80 killed. Activists and public unions blame income inequality. Income inequality is rising, but very few understand who is to blame. And the tax hikes and pay hikes that unions seek exacerbate the problems and cause white flight. Many claim education is the answer, but the Chicago public school system is not only financially bankrupt, it is morally bankrupt.
Doing nothing to dispel chatter of a papal push for a utopian totalitarian nightmare, Pope Francis seemed to suggest that freedom of speech was over-rated in an address he gave this week. Media that stereotype entire populations (like 'Deplorables'?) and journalist fear-mongers are akin to "terrorists," according to Pope.
Who actually benefits from American-led wars across the globe? The aftermath of American-led conflicts shows it is not the common people, though the military and politicians vow they are liberating and protecting them... "Before 2011, I hated Gaddafi more than anyone. But now, life is much, much harder, and I have become his biggest fan."
The FOMC has no idea what it is doing, just like Bank of Japan officials about a decade before them. Rather than learn from all the experimentation, the power and prestige still, somehow, afforded to all of them is just too much to give up. They would clearly rather keep themselves on top of the political power structure as it relates to the economy than to admit what is increasingly obvious (a second time).
Most of Hillary Clinton’s deleted emails, subsequently recovered during an FBI probe into her email server abuse, won’t be made public until after Election Day, according to a new timetable set Friday by a federal judge. "This is an absolutely corrupt process the State Department has come up with," Judicial Watch president Tom Fitton blasted in response.
“I am sorry, we cannot open a bank account for you because you are a US citizen... Earlier this month we received a directive from top management not to open any more accounts for US passport holders, even if they are also Swiss. I am really sorry, but we cannot do anything for you..." You’re guilty until proven innocent... This was when I first considered renouncing my US citizenship.
"I’m now firmly in the camp that not only will the Fed not raise this year – they may not raise again for years. For they are not only “painted into a corner” via their own misdoings – they are chained there by Wall Street. They’ve missed the window..."
Over the years, the “wealth effect” has been taken as a core component of monetary policy. Central bankers will not admit it, of course, but particularly stock prices are a central element of their strategy. But no matter how high especially stock prices go, there is no wealth effect – NONE.
European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, Reuters reports, although Rome would strongly resist such a move if bondholders suffered losses.
"Weird stuff. Lots of weird stuff. I’m not saying it never happened or that this dude wasn’t a terrorist or that someone else was responsible or that this was a false flag. I’m saying that there are holes in the official story that one could drive an 18-wheeler truck through. But the official story sure does seem a bit questionable."
"We are highly disappointed with the Commission’s decision to file charges, and we strongly disagree with the Commission that either the firm or I have engaged in any unlawful conduct.... We have done nothing improper and categorically deny the Commission’s allegations."