What do you see…
Is this (flip-flop) the IMF’s signal for escalating the Trade/Currency wars?
What Are Central Bankers So Afraid of?
Again, we are watching for agreements that hint at the shake up or shake down for future months within the criminal activities of the institutions still at large.
We recognize the criminal agents and officials within the institutions will not stop their criminality and the roles are playing out as need be…
“Yanis Speaks the truth” Greece is insolvent.
Max Keiser and Stacy Herbert discuss the Greek situation and that a nation is not what it thinks it is but what others attempt to hide about that nation – like the fact that it is bankrupt.
They discuss the role Goldman Sachs played in helping Greece hide its debts and, thus, strapping it to the euro and the mispricing of real risk by well-compensated bond investors lending to Greece at ultra low interest rates.
They also discuss that, while deflated footballs was the main headline on the nightly news in America, a memo was delivered to Obama outlining the various ways that brokers defraud American investors of years worth of retirement income.
Switzerland will receive a quota of RMB50 billion (CHF7 billion) to establish itself as a so-called RMB Qualified Foreign Institutional Investor, or RQFII, according to an announcement from the Swiss National Bank (SNB). Switzerland’s status as a “renminbi hub“ will give Swiss commercial traders the ability to make and clear direct trades with their Chinese counterparts in China.