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China Nears Global Reserve Status: “There Will Be a Reset of the Financial Industry”

China Nears Global Reserve Status: “There Will Be a Reset of the Financial Industry” The world is anticipating a new global reality with huge implications: China’s yuan is poised to get recognized as a global reserve currency. In a sign of the times, the IMF has essentially rebuffed U.S. claims of currency manipulation, to instead […]

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PIGMEN WIN AGAIN « The Burning Platform

PIGMEN WIN AGAIN « The Burning Platform. “The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they’re an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have […]

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Something Is Dangerously Wrong at the New York Fed | Armstrong Economics

Something Is Dangerously Wrong at the New York Fed | Armstrong Economics. In a speech this week, New York Federal Reserve Board President William Dudley addressed pervasive misconduct within the financial industry, refusing to dismissively lay the blame on a few bad apples. “The problems originate from the culture of the firms, and this culture is largely shaped by the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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