Spreading the truth. Empowering the people.
Money manager Michael Pento says, “I have 10% of my portfolio in gold, and I am going to increase that. I would think you need at least 10% in gold, … Read more
Last Wednesday, Tewoo Group announced results of its “unprecedented” debt restructuring, which saw a majority of its investors accepting heavy losses, and which according to rating agencies qualifies as an event … Read more
from Zero Hedge The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country … Read more
(Bloomberg) — Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore. In the wake of President Mauricio Macri’s stunning rout in primary … Read more
by Charles Hugh-Smith “Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression. Let’s start by defining Economic Depression: a Depression … Read more
Link to Open Office Alternative to Microsoft Products, and it’s FREE: www.openoffice.org No, I am not making money off this. Just sharing the news for others who don’t know this … Read more
Via Oriental Review, There is a dual Italian crisis brewing in the European Union. On the one hand, it is a political, or even geopolitical, crisis. Italy is undermining the unity … Read more
via Bloomberg: Wall Street banks and hedge funds are closing in on a fix that they hope will clean up an $8 trillion portion of the derivatives market that’s gained … Read more
It’s all by design, we all knew their agenda if Trump won so they will not be stopped unless this country on a whole repents and turn their lives over … Read more
via theverge: Comcast left customers of its Xfinity Mobile phone service vulnerable to hacks and identify theft by setting the default PIN codes of its accounts to “0000,” making it easy … Read more
by WARREN MOSLER Chinese state company defaults offshore, first time in 20 years (FT) A Chinese state-owned enterprise from the country’s remote north-west has failed to repay a US dollar bond in Hong … Read more
by JanssenReportHost As the global debt crisis keeps expanding, a new interest-free currency was launched in the Netherlands on September 22nd 2016: De Florijn. “UN fears third leg of the global … Read more
from Jason Hartman’s Creating Wealth Jason Hartman and Doug take today’s episode as a chance to look at some key happenings in our world today. By now you’ve heard Jason discuss … Read more
via scmp: Midway into January five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt Beijing Kang Dexin Composite Material tumbled 10 per cent … Read more
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter California’s rate payers & taxpayers likely on the hook, as we know from PG&E’s first bankruptcy in 2001. “PG&E remains committed to providing safe natural gas … Read more