Look in the dictionary under the term “hypocrisy” and there has to be a picture of Elizabeth Warren. Her latest beaut is sending a letter to Trump criticizing his transition team’s ties to Wall Street.
Yet, how come Obama never received the same type of letter from her? Obama’s entire cabinet from 2008 to now is riddled with Wall Streeters. By the way, Lizzie, when the AG and former AG have law practices built around keeping Wall Street out of jail, that is a “tie to Wall Street.” I guess it’s a matter of convenience to overlook the fact that both Treasury Secretaries are and were deeply tied to Wall Street.
Initial Jobless Claims Collapse To Lowest In 43 Years - The US Economy Fell Into Recession Immediately After
Yellen Warns Of Excessive Risk-Taking In Testimony, Says Hike "Appropriate Soon", No Mention Of Election
If you allow this to happen...You and all generations to come ...will all be dept SLAVES...
India gold import ban rumored … The Indian Bullion and Jewellers Association has warned members of a potential gold import ban … The association told Indian media the move could come by March 31 as part of the government’s ‘black money’ crackdown. –Mining Journal
Prime minister Narendra Modi recently decided to confiscate the cash of hundreds of millions of Indians, and now he may forbid Indians from importing gold.
This would have an immediate effect on gold supplies as India, despite the affinity of citizens for gold and silver, has very little in the way of domestic mining.
It would be a grave mistake to understate the amount of damage that has been done to the U.S. economy over the past eight years. In this article, I am going to share some economic numbers with you that are extremely sobering. Anyone that takes a cold, hard, honest look at the numbers should be able to see that our economy is in terrible shape. Unfortunately, the way that we see things is often clouded by our political views. Up until the election, Democrats were far more likely then Republicans to believe that the economy was improving, but now that is in the process of completely reversing. According to Gallup, only 16 percent of Republicans believed that the economy was getting better before the election, but that number has suddenly jumped to 49 percent after Trump’s election victory. And the percentage of Democrats that believe that the economy is getting better fell from 61 percent to 46 percent after the election. Here are some additional details from Gallup…
The only thing standing between the American people and another apocalyptic financial collapse among by the biggest banks on Wall Street is the Federal Reserve’s stress tests and capital requirements. After Wall Street laid waste to the U.S. housing market and economy from 2008 through 2010, while propping itself back up with a feeding tube from the taxpayers’ pocketbook, the Obama administration passed the Dodd-Frank financial reform legislation in 2010. It wasn’t so much legislation as it was an illusory 2300 pages of rules that might someday get implemented in a meaningful way if President Obama appointed tough cops to his financial regulatory bodies – which he decidedly did not do.
It’s the banks they’re worried about.
Warnings about the loans, bonds, and commercial-mortgage-backed securities (CMBS) tied to the vast $11-trillion commercial property sector in the US have been hailing down for months. Moody’s Investor Services just warned about the rising delinquency rate of some $360 billion in CMBS it rates. Delinquencies of 60+ days jumped from 4.6% last year to 5.6% in September.
Fitch Ratings has been fretting about valuations in the sector, and CMBS, for months. “Valuation and lending trends are not sustainable in the medium term,” it said most recently in its November report. It pinpointed debt backed by apartment buildings as a particular trouble spot. But now it’s also fretting about construction loans, which “experienced the highest loss severity in the last crisis, and we expect a similar trend in the next downturn,” it said.
from Harvey Organ:
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
Read More @ Harveyorganblog.com
US President-elect Donald Trump should not consider former George W. Bush diplomat and neoconservative John Bolton to be secretary of state because he has a hawkish record that includes supporting the invasion of Iraq and calling for all-out war in Syria despite Russia’s presence there, US Senator Rand Paul said on Tuesday.
The fact that Russia has had a base in Syria for 50 years, Paul continued, has not deterred Bolton from calling for an “all out, no holds barred” war in Syria, not to mention the fact he backed the US invasion of Iraq in 2003.
No longer able to sit on the sidelines and remain silent about the battle raging in North Dakota over Indigenous rights to clean water and sacred land, Democratic presidential nominee Hillary Clinton released a statement on Thursday about the Dakota Access Pipeline (DAPL) fight—and it says “literally nothing.”