Derivatives Are Manipulated Runaway derivatives – especially credit default swaps (CDS) – were one of the main causes of the 2008 financial crisis. Congress never fixed the problem, and actually made it worse. The big banks have long manipulated…
Tag: rate
On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed…
Global Private Wealth surges by 14.6 percent in 2013 Global financial private wealth grew by 14.6 percent in 2013, according to a new report by The Boston Consulting Group. The surge, concentrated in the hands…
To read the headlines, it seems that the USA has emerged out of the blue to the point of becoming the world’s oil and gas production giant. All thanks to the Shale Revolution. Recently President…
CARACAS, Venezuela — THE recent protests in Venezuela have made international headlines. Much of the foreign media coverage has distorted the reality of my country and the facts surrounding the events. Venezuelans are…
Explaining the unusual growth of Israel and predicting its future solicits comparisons between the Zionist adventure and previous historical episodes. As circumstances and facts on the ground change, so does the comparison of the Middle…
Central Banks Go to Great Lengths To Prop Up Insolvent Banks … and Put Lipstick On a Pig We noted in 2012 that bot the Bank of England and Federal Reserve knew about the Libor…
China Has Good Reason to Help Stabilize Latin American Economies In the last week or so much of the international business press has been focused on the problems of financial stability in developing countries, some of whom have recently become more vulnerable to capital outflows. The main cause is that investors are trying to get the jump on possible moves by the U.S. Federal Reserve to allow U.S. interest rates to rise, which will draw capital from developing countries and cause their borrowing costs to rise. Argentina has gotten some of this attention, as it allowed the peso to fall by 15 percent in one day and increased some access for Argentines to dollars on the official market. Venezuela is not so much affected by these market developments, but is always negatively portrayed in the international media, and more so in the last year since its exchange rate system problems have caused its inflation to rise to an annual rate of 56 percent over the past year.
The political establishment and the media have relentlessly promoted the myth that the crisis in Detroit and in cities across the US is a product of overgenerous spending on social services and benefits,…
RBS Pays $600 Million for Manpulating Interest Rates … But Big Banks Are Manipulating EVERY Market to the Tune of Trillions of Dollars Interest Rates Are Manipulated Bloomberg reports today: Royal Bank of Scotland Group Plc…