Wells Fargo

Tyler Durden's picture

11 Reasons Why The Federal Reserve Should Be Abolished





If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. The Fed creates our "booms" and our "busts", and they have done an absolutely miserable job of managing our economy. So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.

 
Tyler Durden's picture

Frontrunning: May 7





  • Microsoft prepares U-turn on Windows 8 (FT), Microsoft admits failure on Windows 8 (MW), After Bumpy Start, Microsoft Rethinks Windows 8 (NYT)
  • China reports four more bird flu deaths, toll rises to 31 (Reuters)
  • Republicans shift stance on US budget (FT)
  • NYC Tallest Condo Corridor Gets New Entrant With Steinway (BBG)
  • U.S. Says China's Government, Military Used Cyberespionage (WSJ)
  • China rejects Pentagon charges of military espionage (Reuters)
  • Bank of China Cuts Off North Korean Bank (WSJ)
  • Libya defense minister quits over siege of ministries by gunmen (Reuters)
  • London Recruiter Says City Job Vacancies Rose 19% (BBG)
  • Colleges Cut Prices by Providing More Financial Aid (WSJ)  or, said otherwise, loans
  • Jeweler agrees to plead guilty in KPMG insider-trading case (LA Times)
 
Tyler Durden's picture

Frontrunning: May 6





  • Lesson From Buffett: Doubt Yourself (WSJ)
  • Gold Bulls Split With Buffett as Traders Say Sell (BBG)
  • Apple Misses IPhone Customers as Global Carriers Balk (BBG)
  • Russia extends Cypriot loan by 2 years, cuts interest: troika document (Reuters)
  • Tax Rewrite in Play in Capitol (WSJ)
  • No early warning for U.S. on Israeli strikes in Syria (Reuters)
  • Germany riveted at start of neo-Nazi murder trial (Reuters)
  • JPMorgan Investors Urged to Split Chairman Role, Oust Directors (BBG)
  • Leniency for Offshore Cheats (WSJ)
  • Brussels steps up efforts over tax avoidance (FT)
  • Ambulance chasing: Mesothelioma Doctors, Lawyers Join Hunt for Valuable Asbestos Cases (WSJ)
  • Web Sales-Tax Bill Set to Face Bumps (WSJ)
  • Colleges Cut Prices by Providing More Financial Aid (WSJ)
 
Tyler Durden's picture

Frontrunning: May 3





  • U.S. Bulks Up to Combat Iran (WSJ)
  • Taking sides in Syria is hard choice for Israel (Reuters)
  • Gold Traders Most Bearish in Three Years After Drop (BBG)
  • It's a Hard Job Predicting Payrolls Number  (WSJ)
  • EU economies to breach deficit limits as economic picture darkens (FT)
  • IBM Says U.S. Justice Investigating Bribery Allegations (BBG)
  • At Texas fertilizer plant, a history of theft, tampering (Reuters)
  • SAC Sets Plan to Dock Pay in Cases of Wrongdoing (WSJ) - "in case of"?
  • EU to propose duties on Chinese solar panels (Reuters)
  • Billionaire Kaiser Exploiting Charity Loophole With Boats (BBG)
  • SEC Zeroing In on 'Prime' Funds (WSJ)
  • Apple Avoids $9.2 Billion in Taxes With Debt Deal (BBG)
  • China April official services PMI at 54.5 vs 55.6 in March (Reuters)
 
Tyler Durden's picture

Frontrunning: May 2





  • The number of bond funds that own stocks has surged to its highest point in at least 18 years (WSJ)
  • Clubby London Trading Scene Fostered Libor Rate-Fixing Scandal (WSJ)
  • Cheap money bankrolls Wall Street's bet on housing (Reuters)
  • Bank of Japan reveals concerns over easing policy (FT)
  • iPads and low-end rivals propel higher tablet shipments  (Reuters)
  • China Cyberspies Outwit U.S. Stealing Military Secrets (BBG)
  • Draghi Fuels Bets on Rate Cut With Risk of Limited Impact (BBG)
  • China guides renminbi to fresh high against US dollar (FT)
  • Japan is preparing to start up a massive nuclear-fuel reprocessing plant (WSJ)
  • Apple’s Ive Seen Risking iOS 7 Delay on Software Overhaul (BBG)
  • UBS faces calls for break-up at investor meeting (Reuters)
 
Tyler Durden's picture

What Causes The Growing Wealth Gap In America?





A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can fix the problem. But what if this narrative has it backwards? What if the growing wealth disparity in America is actually caused by the government? Take Warren Buffet, a man often at the center of this debate, as not only is he a billionaire, but also a vocal advocate for higher income taxes on the rich. Many are aware of his acumen in making investments that have a “margin of safety” – or minimal downside – but few are aware of the greatest source of such safety for Mr. Buffet in recent years, the US Government.

 
Tyler Durden's picture

Frontrunning: May 1





  • Physical demand up: U.S. Mint Sales of Gold Coins Jump to Highest in Three Years (BBG)
  • Paper demand down: Gold ETP Holdings Cap Record Drop as $17.9 Billion Wiped Out (BBG)
  • It's May 1 not April 1: Fed Seen Slowing Stimulus With QE Cut by End of This Year (BBG)
  • Another great step for Abenomics: Sony leadership to forgo bonuses after broken promise on profits (FT)
  • High-Speed Traders Exploit Loophole (WSJ)
  • It's peanut Breaburn jelly time: How Google UK clouds its tax liabilities (Reuters)
  • Frowny face day at the Mark Zandi household: Obama Said to Choose Watt to Lead Fannie Mae Regulator (BBG)
  • Russia’s 20 Biggest Billionaires Keep Riches From Putin (BBG)
  • China Affair With Cheap Diamonds Heats Mass Market (BBG)
  • China's emotional ties to North Korea run deep in border city (Reuters)
  • US companies must use cash piles for capex (FT) ... and yet they aren't. Tax anyone who doesn't spend for CapEx!
  • Chinese Way of Doing Business: In Cash We Trust (NYT)
 
Tyler Durden's picture

Frontrunning: April 30





  • Euro-Area Unemployment Increases to Record 12.1% Amid Recession (BBG)
  • Fed faces calls for radical reform (FT) - Has Jamie Dimon approved of this message? No? Carry on then
  • CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law (BBG)
  • Ex-UBS Executive Convicted of Paid Sex With Underage Girl (BBG)
  • Six months after Sandy, New York fuel supply chain still vulnerable (Reuters)
  • Older, richer shoppers lead Japan’s surge in consumer spending (FT)
  • Sharp euro zone inflation fall, joblessness point to ECB rate cut (G&M)
  • Gold Rush From Dubai to Turkey Saps Supply as Premiums Jump (BBG)
  • Japan Industrial Output, Retail Sales Disappoint (MW)
  • Gunmen surround Libyan justice ministry (Reuters)
  • Insider-Trading Probe Trains Lens on Boards (WSJ)
  • Best Buy exits Europe (WSJ)
  • Banker Roommates Follow Zuckerberg Not Blankfein With IvyConnect (BBG)

 

 
Tyler Durden's picture

Frontrunning: April 29





  • Gold Bears Defy Rally as Goldman Closes Short Wager (BBG)
  • Still stuck on central-bank life support (Reuters)
  • Ebbing Inflation Means More Easy Money (BBG)
  • So much for socialist wealth redistribution then? François Hollande to woo French business with tax cut (FT)
  • Billionaires Flee Havens as Trillions Pursued Offshore (BBG)
  • Companies Feel Pinch on Sales in Europe (WSJ)
  • Brussels plan will ‘kill off’ money funds (FT)
  • Danes as Most-Indebted in World Resist Credit (BBG)
  • Syria says prime minister survives Damascus bomb attack (Reuters)
  • Syria: Al-Qaeda's battle for control of Assad's chemical weapons plant (Telegraph)
  • Nokia Betting on $20 Handset as It Loses Ground on IPhone (BBG)
  • Rapid rise of chat apps slims texting cash cow for mobile groups (FT)
  • Calgary bitcoin exchange fighting bank backlash in Canada (Calgary Herald)
 
Tyler Durden's picture

Frontrunning: April 25





  • UK economy shows 0.3% growth (FT)
  • Texas University Fund Sold $375 Million in Gold Bars (BBG)
  • Spain Jobless Rate Breaches 27% on Recession Woes (BBG)
  • Letta calls for easing of austerity policies (FT)
  • Italy Led by Letta Brings Berlusconi Back as Winner (BBG)
  • Fed Debate Moves From Tapering to Extending Bond Buying (BBG)
  • South Korea wants talks with North on shuttered industrial zone (Reuters)
  • Republicans advance bill to prepare for debt ceiling fight (Reuters)
  • Republicans claim White House failed to warn on severity of cuts (FT)
  • Xi meets former US heavyweights (China Daily)
  • Next BoE chief Carney says clear framework key to policy success (Reuters)
  • Chinese roll out red carpet for Hollande (FT)
 
Tyler Durden's picture

Frontrunning: April 24





  • The Inland Empire bubble is back: BMW to Amazon Space Demand Spurs Rush to Inland Empire (BBG)
  • Tamerlan Tsarnaev was on classified government watch lists (Reuters)
  • Brothers in Boston Bombing Case Said Drawn to Radicalism (BBG)
  • Germany Spurns Calls to Loosen Austerity Stance (WSJ)
  • Spain poised to ease austerity push (FT)
  • What ever happened to France's voice in Europe? (Reuters)
  • U.S., South Korea Reach Nuclear Deal (WSJ)
  • U.S. Sees No Hard Evidence of Syrian Chemical Weapons Use (BBG)
  • RBA Set to Invest Foreign Currency Reserves in China, Lowe Says (BBG)
  • FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out (BBG)
 
smartknowledgeu's picture

Why the Western Banking Cartel’s Gold and Silver Price Slam Will Backfire - And How You Can Protect Yourself from the Blowback





Let's get down to the facts of the recent banker gold & silver paper price smash and the lies about the banker gold & silver paper price smash being propagated by the mass media and banking shills like Paul Krugman so everyone can understand why this smash will blow up in the face of the very bankers that executed it at some point down the road. Retail individuals AND global institutions all around the world are finally beginning to understand that physical ownership of gold and silver is how to counter banker fraud & intervention into the gold and silver markets and this realization is going to produce massive blowback.

 
Tyler Durden's picture

Frontrunning: April 19





  • Police Searching for 19-Year-Old Boston Bombing Suspect (BBG)
  • Mayhem Erupts in Boston After MIT Campus Officer Slain (BBG)
  • Elvis Impersonator Accused of Ricin Letters Sowing Fear (BBG)
  • Blackstone Pulls Out of Dell Bid on Rapidly Falling PC Sales (BBG)
  • Before Texas plant exploded: What did regulators know? (Reuters)
  • Aso Says Japan Policy Unopposed at G-20 Meeting as Yen Falls (BBG)
  • Bipartisan pair target $2.5tn US savings (FT)
  • Plan for new Cyprus vote casts uncertainty on bailout (Cyprus Mail)
  • Ireland picks through debtors’ lifestyles (FT)
 
Tyler Durden's picture

Frontrunning: April 18





  • Apple reportedly stops placing Mac component orders (DigiTimes)
  • Apple Ordered to Remove Obscene Content From China Store (BBG)
  • Texas Ammonia-Plant Blast Kills as Many as 15 People (Reuters)
  • Boston Probe Said Focused on Person Dropping Bag at Site (BBG)
  • The Chinese cold trade war comes come to roost: US becomes Japan’s top export market (FT)
  • Berlusconi, Bersani back Marini in presidential vote (Ansa)
  • German parliament backs Cyprus bailout (Reuters)
  • China Vows Wider Yuan Movement (WSJ)
  • Morgan Stanley Sees Core Earnings Weaken (WSJ)
  • Gold Miners Lose $169 Billion as Price Slump Adds ETF Pain (BBG)
  • G-20 Draft Affirms Pledge to Avoid Competitive Devaluations (BBG)
  • IMF warns on risks of excessive easing (FT)
  • The battle for the Swiss soul (Reuters)
 
Tyler Durden's picture

Overnight Sentiment: Gold Rout Halted For Now





Yes, there was economic news overnight, such as a Eurozone and UK CPI, both of which came in line with expectations (1.7% and 0.4% respectively), and a German ZEW which confirmed Europe's accelerating deterioration, tumbling from 48.5 to 36.3, far below expectations of a 41.0 print (somehow the huge miss has managed to push the EURUSD up by 60 pips to an overnight high of 1.31 but this is merely the pre-US open manipulation to ramp US equities higher), just as there was news that Angela Merkel's support for a Cyprus bailout is growing (was there an alternative?), and that as part of their ongoing investigation into Italy's repeatedly insolvent Monte Paschi, investigators had seized €1.8 billion worth of assets from Nomura Holdings, and that Spain as usual sold more Bills than expected, driven by oversize Japanese and Pension Fund purchases, but what everyone has been looking for is whether the relentless and record rout in gold is over. For now, it appears that is the case, with gold printing an overnight low of just over $1320 and ramping higher ever since, up 3% so far and rising.

 
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