• Category Archives Corruption
  • Bitcoin vs Fiat Currency: Which Fails First?

    What if bitcoin is a reflection of trust in the future value of fiat currencies? I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Those with supreme confidence in fiat currencies might want to look at a chart of Venezuela’s fiat currency, which has declined from 10 to the US dollar in 2012 to 5,000 to the USD earlier this year to a current value in December 2017 of between 90,000 and 100,000 to $1: *** Exchange Rate in Venezuela: On 1 December, the bolivar traded in the parallel market at 103,024 VED per USD, a stunning 59.9% depreciation from the same day last month. Analysts participating in the LatinFocus Consensus Forecast expect the parallel dollar to remain under severe pressure next year. They project a non-official exchange rate of 2,069,486 VEF per USD by the end of 2018. In 2019, the panel sees the non-official exchange rate trading at 2,725,000 VEF per USD.

    This post was published at Charles Hugh Smith on SUNDAY, DECEMBER 10, 2017.


  • Crypto-Cornucopia Part 4 – “Without It, You’re Talking Mad Max”

    Authored by Dr. D via Raul Ilargi Meijer’s The Automatic Earth blog,
    Part 1 “Bitcoin Is A Trust Machine” here.
    Part 2 “This System Is Garbage, How Do We Fix It?” here.
    Part 3 “A System With No Justice, No Order, No Rules, & No Predictability” here.
    Well, all parts of the system rely on accurate record-keeping.
    Look at voting rights: we had a security company where 20% more people voted than there were shares. Think you could direct corporate, even national power that way? Without records of transfer, how do you know you own it? Morgan transferred a stock to Schwab but forgot to clear it. Doesn’t that mean it’s listed in both Morgan and Schwab? In fact, didn’t you just double-count and double-value that share? Suppose you fail to clear just a few each day. Before long, compounding the double ownership leads to pension funds owning 2% fake shares, then 5%, then 10%, until stock market and the national value itself becomes unreal. And how would you unwind it?
    Work backwards to 1999 where the original drop happened? Remove 10% of CALPERs or Chicago’s already devastated pension money? How about the GDP and national assets that 10% represents? Do you tell Sachs they now need to raise $100B more in capital reserves because they didn’t have the assets they thought they have? Think I’m exaggerating? There have been several companies who tired of these games and took themselves back private, buying up every share…only to find their stock trading briskly the next morning. When that can happen without even a comment, you know fraud knows no bounds, a story Financial Sense called ‘The Crime of the Century.’ No one blinked.

    This post was published at Zero Hedge on Dec 9, 2017.


  • Wisconsin Governor Pushes Forward With Plan To Drug Test Food Stamp Recipients

    After yesterday’s latest botched hit job by CNN on president Trump, which came exactly one week after the fiasco where erroneous ABC reporting on the Flynn affair sent the market tumbling, it was only a matter of time before Trump lashed out at the news network whose credibility and influence is evaporating with every fabricated story.
    A little after 8am on Saturday, he did just that slamming CNN of making a “vicious and intentional mistake” over the network’s effective retraction, when it was forced to correct an erroneous news report related to the Trump/Russia probe. Having been on the receiving end of three “fake news” stories in the past week, betwee the ABC Flynn debacle, the Bloomberg Deutsche Bank subpoena, and now CNN, Trump demanded that CNN fire “those responsible,” and commented that an ABC reporter who was suspended for a separate erroneous report should be fired as well.
    “Fake News CNN made a vicious and purposeful mistake yesterday. They were caught red handed, just like lonely Brian Ross at ABC News (who should be immediately fired for his ‘mistake’),” Trump wrote. “Watch to see if @CNN fires those responsible, or was it just gross incompetence?” It is worth noting that Ross was not fired but rather suspended for 4 weeks.
    In a second tweet, the president suggested CNN change their slogan after the report to “the least trusted name in news.”
    “CNN’S slogan is CNN, THE MOST TRUSTED NAME IN NEWS. Everyone knows this is not true, that this could, in fact, be a fraud on the American Public. There are many outlets that are far more trusted than Fake News CNN. Their slogan should be CNN, THE LEAST TRUSTED NAME IN NEWS!” the president tweeted.
    Fake News CNN made a vicious and purposeful mistake yesterday. They were caught red handed, just like lonely Brian Ross at ABC News (who should be immediately fired for his ‘mistake’). Watch to see if @CNN fires those responsible, or was it just gross incompetence?
    — Donald J. Trump (@realDonaldTrump) December 9, 2017

    This post was published at Zero Hedge on Dec 9, 2017.


  • Trump Lashes Out At “Fake News” CNN For “Vicious And Purposeful” Mistake, Demands Terminations

    After yesterday’s latest botched hit job by CNN on president Trump, which came exactly one week after the fiasco where erroneous ABC reporting on the Flynn affair sent the market tumbling, it was only a matter of time before Trump lashed out at the news network whose credibility and influence is evaporating with every fabricated story.
    A little after 8am on Saturday, he did just that slamming CNN of making a “vicious and intentional mistake” over the network’s effective retraction, when it was forced to correct an erroneous news report related to the Trump/Russia probe. Having been on the receiving end of three “fake news” stories in the past week, betwee the ABC Flynn debacle, the Bloomberg Deutsche Bank subpoena, and now CNN, Trump demanded that CNN fire “those responsible,” and commented that an ABC reporter who was suspended for a separate erroneous report should be fired as well.
    “Fake News CNN made a vicious and purposeful mistake yesterday. They were caught red handed, just like lonely Brian Ross at ABC News (who should be immediately fired for his ‘mistake’),” Trump wrote. “Watch to see if @CNN fires those responsible, or was it just gross incompetence?” It is worth noting that Ross was not fired but rather suspended for 4 weeks.
    In a second tweet, the president suggested CNN change their slogan after the report to “the least trusted name in news.”
    “CNN’S slogan is CNN, THE MOST TRUSTED NAME IN NEWS. Everyone knows this is not true, that this could, in fact, be a fraud on the American Public. There are many outlets that are far more trusted than Fake News CNN. Their slogan should be CNN, THE LEAST TRUSTED NAME IN NEWS!” the president tweeted.

    This post was published at Zero Hedge on Dec 9, 2017.


  • China Systemic Risk: HNA Group Denies Liquidity Problem, It’s Only “End-Of-The-Year Tightness”

    Every few days at the moment, it seems, we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda.
    Our main source of concern recently has been HNA, after it issued a bond with less than one year to maturity with the extortionately high coupon of 9%. This prompted us to ask whether China was experiencing the beginning of its Minsky moment? The reason for our continuing focus on HNA is its $28bn of short-term debt which matures before the end of next June, much of it accumulated during a binge of acquisition-driven growth which saw it become a major shareholder in Deutsche Bank, Hilton Worldwide and others.
    Last week, as we discussed, S&P downgraded HNA’s credit rating by one notch from b+ to b, five levels below investment grade. in another sign that HNA is under pressure from the Chinese government and its creditors, CEO Adam Tan announced that it was ditching its acquisitive strategy, while considering the IPO of Gategroup, a company it only acquired last year for $1.5 billion.

    This post was published at Zero Hedge on Dec 8, 2017.


  • China: Systemic Risk Surges As HNA’s High Coupon Borrowing Binge Accelerates

    In early November 2017, we returned to one of our favourite subjects, systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. In particular, we asked whether the extortionately high coupon of 9% on an HNA dollar bond issue, with less than one year to maturity, marked the beginning of China’s Minsky moment? As we noted at the time, HNA has $28 billion of short-term debt maturing before the end of June 2018, much of it accumulated during an acquisition binge over the last two years, which has seen it become a major shareholder in companies such as Deutsche Bank AG and Hilton Worldwide Holdings.
    Speaking to Bloomberg at the time, Warut Promboon, managing partner at credit research firm, Bondcritic, noted…
    ‘Nine percent is really high for one year. Basically, it tells you that the worry is real.”
    In a sign that HNA is under pressure, both from the Chinese government and its creditors, CEO Adam Tan announced last week that the company was reversing its previous strategy. From Reuters.
    HNA Group CEO Adam Tan said the acquisitive company is making adjustments to conform with national policies, and has sold some investments and real estate projects to improve its liquidity, domestic media reported on Tuesday.

    This post was published at Zero Hedge on Dec 4, 2017.


  • Mueller Goes After Trump’s Bank Accounts, Subpoenas Deutsche Bank

    Special Counsel Robert Mueller has subpoenaed Deutsche Bank, demanding that it disclose details of transactions and documents on accounts help by President Trump and members of his family as the “Russian collusion” probe now turns its attention to Trump’s bank accounts. According to Handelsblatt, which first reported the news, the bank received the subpoena several weeks ago. Trump has had a banking relationship with Deutsche Bank dating back nearly two decades and the German lender’s $300 million loan accounts for nearly half of his outstanding debt (based on a July 2016 analysis by Bloomberg). Trump’s debt to Deutsche includes $170m relating to a Washington hotel.
    The media is taking the Deutsche Bank news as a sign that Mueller’s investigation into alleged Russian interference in the 2016 alleged campaign is ‘deepening’. However, it was clear that a subpoena was coming more than four months ago (see below) and, besides Michael Flynn, Mueller’s investigation has included interviews with three other former Trump aides recently, former Chief of Staff Reince Priebus, former spokesman Sean Spicer and National Security Council chief of staff Keith Kellogg, according to people familiar with the investigation.
    As Bloomberg adds, “the news comes as Mueller’s investigation appears to be entering a new phase, with Trump’s former national security adviser, Michael Flynn, pleading guilty Friday to lying to FBI agents, becoming the fourth associate of the president ensnared by Mueller’s probe. More significantly, he also is providing details to Mueller about the Trump campaign’s approach to Flynn’s controversial meeting with a Russian envoy during the presidential transition.”

    This post was published at Zero Hedge on Dec 5, 2017.


  • WaPo Reporter Caught On Hidden Camera Being A Bit Too Honest; Admits “No Evidence” Of Trump-Russia Collusion

    After exposing the shocking, yet predictable, political bias of journalists at CNN and New York Times, Project Veritas has now set their sights on the Washington Post. In a candid conversation with an undercover Project Veritas journalist, the Post’s National Security Director, Adam Entous, put himself in danger of being a bit too honest, at least by his employer’s standards, by admitting that “there’s no evidence of [Trump-Russia collusion] that I’ve seen so far.” Entous goes on to admit that “it’s a fucking crap shoot” and that he has no idea how Mueller’s investigation might turn out.
    Entous: “Our reporting has not taken us to a plcae where I would be able to say with any confidence that the result of it is going to be the president being guilty of being in cahoots with the Russians. There’s no evidence of that that I’ve seen so far.”
    PV Journalist: “There has to be something, right?”
    Entous: “Maybe, maybe not. It could just be lower-level people being manipulated or manipulating, but it’s very hard to, it’s really…It’s a fucking black box.”
    “We’ve seen a lot of flirtation, if you will, between them but nothing that, in my opinion, would rank as actual collusion. Now that doesn’t mean that it doesn’t exist, it just means we haven’t found it yet. Or maybe it doesn’t exist.”
    “I mean it’s a fucking crap shoot. I literally have no prediction whatsoever as to what would happen, and I do all the stuff for the Post on this so…”

    This post was published at Zero Hedge on Nov 29, 2017.


  • Japan, Inc. Rocked Again: Toray Admits To Falsifying Data After Internet Post Exposes Fraud

    Corporate Japan’s credibility, already teetering after a barrage of corporate fraud and falsification scandals in recent months, hit another low after Toray Industries, one of Japan’s biggest materials manufacturers, joined a list of companies admitting to falsifying data. On Tuesdaty, Toray announced it had uncovered 149 cases of data fabrication at its subsidiary, Toray Hybrid Cord, in three products sold to tire companies and autoparts makers: tire cords, cords for car hose belts and cords for paper making. According to Nikkei Asian Review, the subsidiary made the products look as though they met customer requirements. The company admitted that 13 domestic and overseas companies, including at least one South Korean company, are affected.
    In a statement issued roughly around the time president Akihiro Nikkaku was bowing to news reporters as Japanese management tends to do when caught engaging in criminal activity, Toray maintained that the “amount by which the data was adjusted to fit customer contract standards was insignificant.” The company believed there were no safety issues involved. Toray Hybrid Cord discovered the problem during a July 2016 internal compliance check, with Toray president Akihiro Nikkaku being informed of the matter the following October.

    This post was published at Zero Hedge on Nov 28, 2017.


  • Pyrrhic Victory – Prosecutor Finds 36 Guilty For The Stock Exchange Crash In 1999

    An Athens Appellate Court Prosecutor has found 36 people guilty for the infamous ‘Athens Stock Exchange Crash of 1999’ that caused thousands of small investors to have lost their life savings.
    ***
    As KeepTalkingGreece.com reports, it has taken 18 years for an Athens Appellate Court Prosecutor, Athina Theodoropoulou, to find guilty 36 individuals implicated in the affair – including stockbrokers, investors, and shipowners.
    The accused had been previously tried on fraud charges and money laundering, but at the time the three-member appellate court of Athens, with different members on the bench, had unanimously declared all of the accused innocent on all counts.

    This post was published at Zero Hedge on Nov 27, 2017.


  • A Private Citizen Would Be in Prison If He Had Citigroup’s Rap Sheet

    Since its financial meltdown in 2008 and unprecedented bailout by the U. S. taxpayer, Citigroup (parent of Citibank) has been repeatedly charged by its Federal regulators with odious crimes against its pooled mortgage investors, credit card and banking customers, student loan borrowers, and for its foreclosure frauds. It has paid billions of dollars in fines for its past misdeeds while new charges pile up. In 2015, it became an admitted felon for participating in rigging foreign exchange markets. In short, Citigroup is a lawbreaking recidivist. If it were a mere human, it would be serving a long prison term. Instead, its fines for charges of egregious acts are getting smaller, not larger.
    Last Tuesday, the Consumer Financial Protection Bureau (CFPB), which typically has a good track record of holding the big Wall Street banks accountable for their misdeeds, imposed an unusually feeble fine against Citibank for a litany of abuses against student loan borrowers. The CFPB ordered Citi to pay $3.75 million in restitution and to pay a $2.75 million fine. When combined with the fact that the CFPB did not make Citibank admit to the charges, this amounts to a slap on the wrist to a serial lawbreaker. (See Citigroup/Citibank’s history of misconduct below.)
    Adding further insult to the American public, the Board of Directors of Citigroup has kept the same CEO in place for more than five years as these serial abuses of the public trust piled up. Michael Corbat has been CEO of Citigroup since October 2012.

    This post was published at Wall Street On Parade on November 27, 2017.


  • UK Trader Fined 60,000 Pounds For Outsmarting Algos

    Yet another UK trader is being punished by overzealous regulators for an accomplishment that should instead have earned him accolades: Outsmarting the machines.
    In a case that echoes some of the circumstances surrounding the scapegoating of former UK-based trader Nav Sarao, former Bank of America Merrill Lynch bond trader Paul Walter has been fined 60,000 pounds by the FCA for a practice that regulators call ‘algo baiting’.
    Algorithm baiting is similar to spoofing – a practice that has been banned by stock-market regulators as those markets have embraced high-frequency trading practices that have broken markets and made them more vulnerable to this type of manipulation. But fixed income markets, like the Dutch loan market Walter is accused of manipulating, have been slower to embrace HFT-type trading. Because of this delay, Walter is a pioneer. Using BrokerTec, a popular fixed-income trading platform, Walter would place a bunch of bids for a given bond, triggering trend-following algos to follow suit. Then he would quickly cancel the bids. Here’s a more complete explanation per the Financial Times.
    Mr Walter entered bids for Dutch state loans that pushed up their price. Then, when other algorithmic trades followed him in response and raised their bids, Mr Walter sold to them and cancelled his quote. This happened 11 times between July and August 2014 while he was working for the bank, the FCA said, while on one occasion he did the opposite. He netted a total of 22,000 profit from this ‘algo baiting’.

    This post was published at Zero Hedge on Nov 23, 2017.


  • ThanksFRAUD Day

    I often write on the plethora of US-based frauds and scams, both political and business-oriented.
    Fraud is the most-profitable business model today, and has been for close to two decades. It is why I’m out of the business world and will not re-enter it. It is why despite having what I believe is a ground-breaking home automation, security and control application that runs on $35 computers (which means there’s a hell of an opportunity to bundle the software with those and sell ’em hella-cheap, undercutting all the other guys plus having a nice installation business to go with it) I am only willing to do so on a “buy it all and you do it” basis.
    Companies like Amazon exist with the sort of “valuation” they have only because of these schemes and scams. Cost-shifting (otherwise known as cross-subsidization) for the purpose of destroying competitors is a felony and has been for over 100 years (15 USC Chapter 1) whether you succeed or not. That is, the very attempt is a criminal act. Yet despite continual evidence in the form of quarterly filings that document the company does not make money (on an all-cost-in basis) on their product sales along with near-daily professions of the “next” company being “Amazoned” (that is, put out of business or severely harmed by this practice) in the major business media on television and in print, along with open cheering on of such conduct by same not one single indictment has ever issued.
    Facebook, it appears from my work, to be deliberately detecting the use of ad blockers and then gaming their software so as to just meet the so-called “deliverable” standard for ads to people who have blocked them. That is, since I have a blocker on my desktop I would not normally generate any revenue for Facebook from advertisers. But I have observed, in a 100% repeatable manner, that a “display” ad will remain visible until the minimum pixel count and time is met (1 second, etc) and then disappear and a video ad will do so for 2 seconds with 100% pixels — and then likewise disappear. In other words the company is billing the advertisers for content they know damn well I blocked and never see. What do you call billing someone for something they don’t get on purpose, because that’s what it looks like to me. Oh, and how many billions have been taken from advertisers this way? Nobody but Zuckerpig knows but I bet it’s not a small number.

    This post was published at Market-Ticker on 2017-11-22.


  • Unsealed Fusion GPS Bank Records Reveal $523K Payment From Russian Money Launderer

    Unsealed court documents reveal that the firm behind the salacious 34-page Trump-Russia Dossier, Fusion GPS, was paid $523,000 by a Russian businessman convicted of tax fraud and money laundering, whose lawyer, Natalia Veselnitskaya, was a key figure in the infamous June 2016 meeting at Trump Tower arranged by Fusion GPS associate Rob Goldstone.
    In short, D. C. opposition research firm Fusion GPS is the common denominator linked to two schemes used to damage the Trump campaign.
    ***
    Founded in 2011 by former Wall St. Journal journalist Glenn Simpson and two other WSJ alumni, Fusion was responsible for the Clinton/DNC – funded dossier (which two Kremlin officials participated in), and was also involved in the infamous Trump Tower meeting with the Russian attorney of another Fusion client – an encounter some suspect may have been used to obtain a FISA wiretapping warrant on the Trump campaign.
    He [Simpson] worked closely with Natalia Veselnitskaya, the Russian lawyer who also showed up at the infamous Trump Tower meeting held on June 9, 2016.
    Simpson’s research ended up in the Trump Tower meeting in the form of a four-page memo carried by Veselnitskaya. She also shared Simpson’s work with Yuri Chaika, the prosecutor general of Russia.
    Simpson told the House Intelligence Committee earlier this week that he did not know that Veselnitskaya provided the Browder information to Chaika or to Donald Trump Jr., the Trump campaign’s point-man in the Trump Tower meeting. –Daily Caller

    This post was published at Zero Hedge on Nov 22, 2017.


  • Saying Goodbye to Richard Cordray at CFPB Is Hard to Do

    Last Wednesday, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB), announced he would be stepping down from his post at the end of this month. Cordray is the former Attorney General of Ohio and there are rumors he may make a run for Governor there.
    The CFPB, a Federal agency, was created under the Dodd-Frank financial reform legislation of 2010. The legislation resulted from the greatest fraudulent wealth transfer from the middle class to the 1 percent since the Wall Street frauds of the late 1920s. Both periods ended in an epic financial crash that left the U. S. economy on life support. Since the financial crash of 2008, the U. S. economy has grown at an anemic 2 percent or less per year despite massive fiscal stimulus and unprecedented bond purchases (quantitative easing) by the Federal Reserve.
    Despite the desperate need for the CFPB, Republicans fought against its creation and then refused to confirm Cordray for his post as Director for two years. Cordray was finally sworn in on July 17, 2013 after having served in the post for 18 months under a recess appointment by President Obama. Republicans have continued to battle Cordray and attempt to derail his work in protecting vulnerable consumers from credit card, student loan and mortgage frauds.

    This post was published at Wall Street On Parade By Pam Martens and Russ Marte.


  • Is Tesla On The Verge of Bankruptcy?

    If you want one of their alleged “Super-Roadsters” you need to ante up $5,000 now plus $245,000 more within 10 days by wire transfer.
    Note that the car will not be “ready” and “deliverable” for three years according to Master Touter Musk.
    What happens if “three years” turns into “never”?
    You flushed $250,000 down the toilet.
    May I remind you that Tesla is a money-losing enterprise and has been since it was founded. It has never made a profit, it has zero in retained earnings and you will be an unsecured, back-of-the-line creditor with your “reservation” — which they will spend the minute it comes in the door.
    If the “Reservation” was a modest amount of money this might be defensible. $5,000 as a punt on a “supercar”? Sure, why not.
    When it’s a quarter of a million bucks it not only is indefensible in my opinion the solicitation of same borders on criminal fraud since the company has absolutely no reasonable reason to believe it will be able to ever deliver said car.

    This post was published at Market-Ticker on 2017-11-19.


  • A Plurality Of Voters Want Special Counsel To Investigate Clinton And Trump

    Despite Jeff Sessions’ surprising insistence during his testimony before the House Judiciary Committee earlier this week that there’s ‘no factual basis’ to appoint a special counsel to investigate actions by Clinton and former FBI Director James Comey, a plurality of voters believe special prosecutors should be investigating both the Clinton and Trump campaigns, according to a recent study that was shared with the Hill.
    The latest Harvard CAPS/Harris survey found that 44 percent of voters surveyed said a special counsel is needed to investigate both campaigns, meanwhile twenty-seven percent said only Trump needs to be investigated, while 21 percent said only Clinton needs to be investigated and nine percent said neither should be investigated.
    The poll’s findings also showed that the number of voters who believe Special Counsel Mueller has found hard evidence of collusion is a paltry 38 percent, while 36 percent say there is no hard evidence yet and 27 percent saying they don’t know.
    Unsurprisingly, the survey concluded that the public believes the Mueller investigation is hurting American democracy more than it is helping by implying that powerful, politically-connected Democrats who have the implicit support of the FBI and Deep State intelligence apparatus are immune to prosecution, while an outsider like Trump is not.

    This post was published at Zero Hedge on Nov 17, 2017.


  • After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering

    Score one for the poetic irony pages.
    Two months after JPMorgan CEO Jamie Dimon lashed out at bitcoin, calling it a “fraud” which is “worse than tulip bulbs, warning it won’t end well”, will “blow up” and “someone is going to get killed” and threatened that “any trader trading bitcoin” will be “fired for being stupid” as it was merely a tool for money-laundering, today Swiss daily Handelszeitung reported that the Swiss subsidiary of JPMorgan was sanctioned by the Swiss regulator, FINMA, over money laundering and “seriously violating supervision laws.”
    As the newspaper adds, the Swiss sanctions relate to breaches of due diligence in connection with money laundering standards. In other words, JPMorgan was actively aiding and abeting criminal money laundering.

    This post was published at Zero Hedge on Nov 17, 2017.


  • A WAVE OF CRIME IS ENGULFING SWEDEN: FRAUD, SEXUAL OFFENSES REACH RECORD LEVELS

    The annual Swedish Crime survey has shown an increase in five out of the six types of criminal activities against individuals. Crimes like fraud and sexual assault have reached record levels.
    The number of Swedes who were victims of crimes such as fraud and sexual offenses jumped to the highest level on record last year. According to Bloomberg, a survey by the Swedish National Council for Crime Prevention showed that 15.6 percent of people suffered one or more offenses against the person (defined in the survey as assault, threats, sexual offenses, robbery, fraud, or harassment) last year. That’s up from 13.3 percent in 2015 and the highest number recorded since the annual Swedish Crime Survey started in 2006.
    Of the six types offenses against a person, five of six rose to their highest level on record last year. The number of assault cases reached its second-highest level. The number of offenses against individuals ‘was at a relatively stable level 2005 to 2014, at 11.3 percent to 13.1 percent, but the last two years show an increase,’ the council said in the report published this week. The crimes ‘that have had the clearest development in the past few years are harassment, fraud, and sexual offenses,’ the agency said.

    This post was published at The Daily Sheeple on NOVEMBER 16, 2017.


  • Did The Fed’s Alan Greenspan Admit Gold Is Being Manipulated?

    Every now and then I see another analyst publicly claim that the gold market is being manipulated. And, the reason they come to that conclusion is because the market moved in way ‘they did not expect.’
    Now, for those of us who are thinking people, we clearly see the issue with such a perspective. Why is it ‘manipulation’ when an analyst is not able to recognize their own limitations?
    Personally, I did not expect the metals market to spend all of 2017 in a consolidation, especially since the market had several set ups to break out. But, I simply understand that sentiment was not ripe for the market to break out just yet, and listen to what price tells me. Clearly, I do not suggest that my inability to foresee a year-long consolidation is a result of manipulation.
    So, when analysts throw their hands up in frustration because they are wrong does not mean they were wrong because the market is manipulated. I believe that to be quite dishonest and only shows the extent of their ego.
    But, we have a bigger problem in the market beyond inflated egos. You see, once they move into the manipulation theories, the ‘proof’ they provide for such manipulation is just as dishonest as their perspective.

    This post was published at GoldSeek on Wednesday, 15 November 2017.