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Crypto Scam, The Crypto Company, Collapses on Non-Existent Volume

Content originally published at iBankCoin.com   This little pink sheeter ran up 20,000% because MUH Bitcoin, hitting a market cap of $12.6b, and now it’s all unraveling under the hard realities of mathematics driven by greed. Even down 65% for the day, on 11,000 shares traded, the market cap is still over $4 billion. According […]


CalPERS Calls The Top: Largest Public Pension Fund Mulls Dumping $50 Billion Of Stocks

Is the largest public pension fund in the United States getting ready to dump about $50 billion worth of stocks?  According to a new note from Bloomberg, CalPERS’ board is meeting for a workshop today in Sacramento to discuss asset allocations for the upcoming year which could include a doubling of the fund’s bond allocation […]


Venezuela Officially Declared In Default

Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps Venezuela) CDS, and officially declaring Venezuela in default. We won’t have […]


Fourth Turning’s Neil Howe: Why Millennials Aren’t So Unique

Authored by Marianne Brunet via AdvisorPerspectives.com, The conventional wisdom is that Millennials are a generation with unique needs and buying habits, but Neil Howe says that they are very similar to the Greatest Generation. Howe, who coined the term “Millennial,” says that both generations are highly risk-averse, a characteristic brought on by their shared parenting […]


Krieger Rages “‘America First’ Is A Joke. Wall Street Wins Again”

Authored by Mike Krieger via Liberty Blitzkrieg blog, I know I must sound like a broken record by now, but Wall Street owns the U.S. economy and until that’s dealt with, the American public will continue to be preyed upon voraciously and lawlessly by some of the most unethical parasites the world has ever seen. […]


Martin Shkreli Sent To Same “Third World” Brooklyn Jail As El Chapo

Martin Shkreli finally received a punishment that many Americans feel he deserves on Wednesday when the Brooklyn judge who presided over his trial revoked his bail and ordered him held at a notorious federal jail in Brooklyn until his sentening in January. The former Turing Pharmaceutical CEO is facing up to 20 years in prison, […]


What Fiduciary Duty? San Fran Politicians Try To Force Pension To Dump $470MM Of “Fossil Fuel” Stocks

We’ve frequently argued that public pension underfundings are perhaps the greatest threat to the long-term economic outlook of the United States, if not the globe.  With aggregate underfunding levels of $5-$8 trillion, depending on what discount rate your local politicians decide to pull out of thin air, the forthcoming pension crisis will be too large […]