The biggest banks are still as dangerous as they were before the last crisis, even as they push for less regulation.
The big six banks U.S. banks are JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley. Despite their belly-aching about heinous Dodd-Frank Act regulations cramping their betting style, they have all done damn good recently.
Since Trump was elected and started talking about deregulation, the big six bank stock values have collectively skyrocketed 33.5 percent (as of March 10th). Bank of America tops that rise with an eye-popping increase of 48.8 percent in three months. Goldman Sachs and Morgan Stanley shares shot up 36.6 percent.
A total of $78,333 will be donated to the National Park Service, every penny that’s been earned since he was inaugurated on January 20, 2017.
Before business tycoon Donald Trump was elected as President of the United States, he promised to donate every cent of his $400,000 annual salary. At a town-hall meeting in 2015, he declared “That’s no big deal for me.” That’s because Trump made a fortune in real estate before running for political office.
Last week, we discussed the growing stress in the credit markets. We noted this is a reason to buy gold, and likely the reason why gold buying has ticked up since just before Christmas.
Many people live in countries where another paper scrip is declared to be money—to picture the absurdity, just imagine a king declaring that the tide must roll back and not get his feet wet when his throne is placed on the beach—not real money like the US dollar. It should be obvious, but we have seen much disinformation out there promoting the idea that the dollar is collapsing. Most of the time, most of these people buy dollars as the escape hatch from their native currencies.
German precious metals group Heraeus Precious Metals (HPM), part of the Heraeus industrial group, has just announced the full acquisition of Swiss precious metals refining group Argor-Heraeus. Heraeus is headquartered in Hanau, just outside Frankfurt. Argor-Heraeus is headquartered in Mendrisio in the Swiss Canton of Ticino, beside the Italian border.
The Heraeus takeover announcement, on 3 April 2017, continues a noticeable acquisition trend in the Swiss precious metals refining sector and follows the July 2016 acquisition of Neuchâtel based Metalor Technologies by Japanese Tanaka Precious Metals, and the takeover of Ticino-based Swiss gold and silver refiner Valcambi by Indian group Rajesh Exports in July 2015. The Heraeus press release from Monday 3 April can be read here in English.
Mike Whitney has written an excellent expose of the “Russiagate” cover story for Obama’s political use of national security to help his party oppose Republicans. http://www.informationclearinghouse.info/46775.htm
Covert surveillance of politicians on Obama’s Nixon-like “Enemies List” has been going on for many years, but is only now being unmasked as a result of the failure of Obama’s cover story–“We weren’t spying on political opponents; only on Russians to protect America.”
The presstitute media has passed on the cover story authored by former Obama-administration officials led by CIA director John Brennan, FBI director James Comey, the DNC, and Democratic Rep. Adam Schiff. The loose ends in this cover-up have now been so widely exposed as hearsay and political that only 13% of Republicans believe the fact-free story – but 67% of Democrats cling to it.
While no additional silver was put on deposit at the Comex during the [past] week, The Banks sold contracts for 120MM oz. This is fraud. [email protected] MetalsReport
If you were to poll the public about comparing the investment returns between gold, silver and stocks during the first quarter of 2017, it’s highly probable that the majority of the populace would respond that the S&P 500 outperformed the precious metals. That’s a result of the mainstream media’s unwillingness to report on the precious metals market other than to disparage it as an investment.
Granular data shoes why numbers on the surface don’t add up.
Condo sales in Miami-Dade County have plunged. Condos on the market have surged. Supply has hit 14 months. Developers are sitting on completed units they can’t sell, and months’ supply in their projects has reached several years.
With this kind of supply-and-demand imbalance – sales down 25% from February 2014, inventory up 90% since early 2013 – you’d expect prices to head south. But the median price of condos in February, according to the Miami Association of Realtors, increased 6.3% year-over-year. This is the mystery we’ll shed some light on (chart by StatFunding):
Two weeks ago, Reuters reported that due to “unexplained” reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data. The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February.
“If they are not publishing, you know it must be skyrocketing,” Aurelio Concheso, director of the Caracas-based business consultancy Aspen Consulting, stated the obvious. The central bank and ministry of communications did not respond to a request for comment, Reuters adds.
from Harvey Organ:
HUGE BOMB BLAST IN ST PETERSBURG TRAIN STATION/MOSCOW AND BEIJING JOIN FORCES BYPASSING THE USA DOLLAR AS THEY ARE TAKING STEPS TO HAVE A GOLD BACKED CURRENCY/SUSAN RICE HAS BEEN IDENTIFIED AS THE AGENT WHO “UNMASKED” TRUMP TRANSITION TEAM”/SPICER CALLS THIS DEVELOPMENT TROUBLING/USA PMI TUMBLES/SO DOES ALL AUTO SALES FOR MARCH
In silver, the total open interest ROSE BY ANOTHER UNBELIEVABLE 4850 contracts UP to 216,372 DESPITE THE SMALL RISE IN PRICE ( 5 CENTS) WITH RESPECT TO FRIDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO HASTILY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.082 BILLION TO BE EXACT or 154% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER
In gold, the total comex gold also ROSE BY 2661 contracts WITH THE RISE IN THE PRICE OF GOLD ($2.30 with FRIDAY’S TRADING). The total gold OI stands at 417,554 contracts.
Read More @ Harveyorganblog.com
The number of refugees admitted to the United States dropped in March to its lowest monthly tally of the current fiscal year, even as the implementation of President Trump’s latest immigration executive order continues to be held up by federal courts.
In a continuing declining trend, 2,070 refugees arrived during March, an approximately 54.79 percent drop from the 4,579 recorded in February, according to State Department Refugee Processing Center data.
The number has steadily declined in FY 2017, from 9,945 refugees admitted to the U.S. last October, to 8,355 in November, 7,371 in December and 6,777 in January.