An excerpt from The International Forecaster. Published on Wednesdays and Saturdays.
Just when you think you've seen it all, yet another market-rigging scandal comes along to engulf some of the world's biggest banks. This time it's the foreign exchange markets, which were previously thought to be “too big to manipulate” since they involve $5.3 trillion a day in trades.
Well, it turns out they can be manipulated after all, and now even the Bank of England is being implicated in the widening scandal. The BoE's Joint Standing Committee on Foreign Exchange noted in the minutes of a July 2006 meeting that they had discussed "evidence of attempts to move the market around popular fixing times,” but evidently satisfied themselves that this was being done “by players that had no particular interest in that fix.” The topic was again raised at meeting in 2008 and 2012 before the story broke into the media in 2013.
According to a June 2013 Bloomberg report, the 4:00 PM London “fixing” on the FX exchange was being manipulated by traders who were sharing client order information in online chatrooms. The gears of justice have ground predictably slowly in getting to the bottom of the allegations, with UBS being the first...
And yet, as impressive as Rumsfeld's credentials as wheeler-dealer of our era are, they pale in comparison to the man who towered over late 19th and early 20th century America: J. P. Morgan.
A statement by Putin on Tuesday was read by the markets as a detente (despite the fact that the Russian Navy afterward blocked off the Kerch Strait separating the troubled Crimean region from Russia) and buying resumed apace.
Putin has been busy trashing his country’s reputation after a successful winter Olympics. In the last few hours, Putin now claims he is not there to wage war in the Ukraine, despite rushing to seize strategic Russian assets in the region.
Once most Americans believed the national economy was depressed, it became extremely difficult for government to overcome that belief and cause an economic recovery. Some people think the Great Depression would’ve lasted 5 to 10 years longer if WWII hadn’t begun and forced a dramatic change in public sentiment.
Right now, the Bitcoin community is going collectively insane trying to figure out what this all means. In one sense, this is about Mt. Gox and only directly impacts users who relied on that particular exchange.
James Corbett has four countries you should watch for in 2014. No doubt because you are going to be hearing more about them in the news and elsewhere. Countries that may not be in open revolt right now, but are likely the next up for real settling of accounts for actions, and who will likely be in some turmoil.
This is a useful analogy to understand what the Fed, the BoJ, the BoE, the ECB, and just about every other major central bank on the planet is engaged in right now with their various easing and lending programs.
Why is the Fed tapering when virtually everyone with a functioning brain cell knows the economy is just barely limping by? Why is the Fed saying they’ll need to see poor data to end tapering, when we’ve had gobs of bad data and they’re explaining it away?
Announcements, news and information.
Freeze Dry Guy is pleased to offer this highest quality product at a fraction of the manufacturers, suggested retail price. The Mountain House Freeze Dried Eggs with butter flavor is a must have for your food storage.
If you love Pineapple as much as I do, you’re really going to love ours. We are very excited to offer you our finest quality Pack Away Foods 100% Freeze Dried Pineapple at an introductory price for the month of May.
The creator of the International Forecaster, Bob Chapman.
Recommendations for your offline reading time from The International Forecaster.
Letter to the One Percent is exactly what it sounds like: a letter to the richest one percent of American households. It is a call to action, a plea for compassion, and a manifesto for the future. It tells the story of their extraordinary success – and how the other 99 percent of Americans missed out.
Once again, in the grand tradition of American muckrakers, Stephen Lendman strikes to the heart of Wall Street/government collusion to protect the powerful and drive ordinary Americans into the Third World ditch.
Herb Secrets protect you from plagues, toxic pharmaceuticals and biological disease. What if you could have the herbalist's ancient secret to good health? What if you knew how to use herbs with natural therapies that could put you in control of your health?
All IRS processes and procedures are, in substance and effect, simply the ancient English revenue processes and procedures employed by the king’s revenue officials in the Exchequer in 1791 dressed up in modern garb.
American Free Press called this new book “an amazing encyclopedia” and “the final word on some of the biggest conspiracies in American history,” and I can tell you that I recommend it very highly. Florida talk-show host Bobby Lee said, “The Introduction alone is worth the price of the book.”
The 1913 Federal Reserve Act let powerful bankers usurp money creation authority in violation of the Constitution's Article I, Section 8, giving only Congress the power to "coin Money (and) regulate the Value thereof...."
As a reader of The International Forecaster you already know the U.S. Dollar is in trouble. In fact irresponsible politicians, dependence on foreign creditors, metastasizing debt, and the Federal Reserve’s monetary malpractice guarantee a dollar calamity! I want you to read THE DOLLAR MELTDOWN, a brand new book by my friend Charles Goyette.
Unprecedented in publishing history, "The Conspirators: Secrets of an Iran Contra Insider" by retired US Navy Lt. Commander Al Martin is a detailed account of criminal government operations, including state-sanctioned fraud, drug trafficking and illicit weapons sales.