Hundreds Of Millions Stolen After Wave Of Transfer Heists Rock Mexican Banks

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by stockboardasset Lorenza Martinez, director of the Payment System of the Bank of Mexico, informed Reuters in a telephone interview last week that more than five Mexican financial institutions have recently observed “unauthorized transfers,” resulting in hundreds of millions of pesos stolen. Cybercriminals siphoned 400 million of pesos ($20.4 million) out of Mexican banks, including the second largest … Read more

Marshall Swing: Gold & Silver Get Prepped For One Final Crash Before They Pull THE PLUG In 69 Days

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by Marshall Swing of The Church Of Acts Gold and Silver are on the exact path down that I wrote about many weeks ago (actually many months and years ago, but who is counting).  The COTs, open interest, and open interest movements reveal the tactics of the Commercials to prepare gold and silver for the final crash and … Read more

BREAKING: Harry Reid has pancreatic cancer

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Watch the latest video at foxnews.com Former Senate Majority Leader Harry Reid is currently being treated for pancreatic cancer at Johns Hopkins Hospital in Baltimore. The former Democratic senator from Nevada underwent surgery Monday to remove a tumor from his pancreas, Reid’s family confirmed in a statement. “His doctors caught the problem early during a routine screening … Read more

IDF Strikes Hamas Military Facility In Northern Gaza In Response To Attempted Infiltration

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via xinhuanet:  Israeli war jets fighters carried out on Monday afternoon an airstrike on a Hamas military facility in northern Gaza Strip, with no injuries reported, according to Hamas armed wing and paramedics. Hamas armed wing al-Qassam Brigades said in a short text message to reporters that Israeli war jets struck the military facility in northern … Read more

Right Now: A Terrible Time for Undersaved Retirees to Try to Catch Up

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by Lance Roberts A couple of weeks ago, I discussed the coming “Pension Crisis.”  The important point made was the unrealistic return assumptions used by pension managers in order to reduce the contribution (savings) requirement by their members. “However, the reason assumptions remain high is simple. If these rates were lowered 1–2 percentage points, the required pension contributions … Read more

2009 Remembered: When Wall St. Took Congress Hostage

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via Rethinking Economics: Few remember the nuts and bolts of how the banks got bailed out in 2008. It shouldn’t have happened, and in fact, the bailout bill didn’t pass in Congress. The Dow dropped 740 points from its highs of the day to the lows on September 29. Immediately following this, certain ‘no’-voting Congressmen were … Read more

“If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold?

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Alan Greenspan on Gold and Central Banks Last month Dr Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, spoke at our inaugural investment summit on gold and central banks #globalinvest18 pic.twitter.com/Ixfth3dhlt — World Gold Council (@GOLDCOUNCIL) May 14, 2018 US should watch its debt pile before ‘things get out … Read more

What Happens in an Internet Minute in 2018?

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by visualcapitalist In your everyday life, a minute might not seem like much. But when it comes to the vast scale of the internet, a minute of time goes much further than you ever could have imagined. That’s because the internet has a degree of scale that our linear human brains are unaccustomed to operating on. … Read more

Nothing To Sweat Here…..Not!

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Financial Engineering Run Amuck #Stocks – #Economy | If the yield curve flattens, or even inverts, expect to see additional selling pressure on the financial sector. The banks, regional banks especially, will be laggards of the sector. @TradingNation #FED $DJIA $SPX $DXY pic.twitter.com/DbqInpdFJb — Marc-André Fongern (@Fongern_FX) May 14, 2018 Landmark bond sales hit by … Read more

The financial sector represents only 7% of the U.S. economy but takes around 25% of all corporate profit while creating only 4% of all jobs.

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On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – … Read more