Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


Archives by tag

In Unprecedented Intervention, Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes

In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank. While The SNB has a long and checkered history of buying shares in companies… as we have detailed numerous times, it is […]

China Unveils Plan To Combat Trump Tax Reform: “We’ll Have Tough Battles”

With Donald Trump’s historic tax reform on the verge of passage, and with the Fed continuing its rate hiking cycle so far undeterred, and according to the Fed’s own dot plot still having another 7-8 rate hikes to go, China is getting nervous because, as the WSJ reports, it fears “a double whammy sapping money […]

The World’s New Reserve Currency? Everything You Need To Know About PetroYuan

Earlier this week, we pointed out that the 'PetroYuan' is on the verge of becoming reality with Graticule's Adam Levinson noting that the birth of a yuan-denominated oil contract will be a “huge story” in the fourth quarter, and will be a “wake up call” for investors who haven’t paid attention to the plans. As […]

Rickards Warns “Prepare For A Chinese Maxi-Devaluation”

Authored by James Rickards via The Daily Reckoning, China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital […]

“My Watch Is Off”: HSBC Traders Used Code Words To Trigger Front-Running Trades

According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: “my watch is off.” The bank’s former global head of foreign exchange alerted the traders around the globe via a phone call in […]

Yuan Tumbles After Beijing Gives Speculators Green Light To Short The Currency

And now, Trump finally has reason to be angry with China for intervening in its currency to manipulate it lower, not higher. * * * After the biggest weekly surge in the Yuan on record, the first sign that Beijing had had enough of the relentless surge in the currency was unveiled overnight, when according […]