TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
The U.K.’s Financial Conduct Agency recently fined Merrill Lynch $45 million, once again sparking concerns over the massive derivatives market. The wealth management division of Bank of America failed to report more than 68 million derivatives transactions dating all the way back to 2014. It had already been forced to pay $20 million in 2015 for an earlier offense. Despite Read More…
Credit-reporting company Equifax shocked investors, and more than a third of America, when it announced on Thursday afternoon that hackers had breached its data systems, compromising the personal information of approximately 143 million U.S. consumers. The information accessed “primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.” In other words, pretty Read More…
Saudi Arabia began its relentless bombardment of Yemen in March of 2015 at the request of Yemen’s ousted president Abdu Rabbu Mansour Hadi, who had gone into hiding. The Saudi-led coalition, supported heavily by the U.S. and the U.K., has reportedly killed thousands of civilians and displaced over one million more. The target of Saudi Arabia’s brutal aerial campaign Read More…
Following new sanctions against Russia that President Donald Trump signed into law last week, Moscow responded Monday by announcing Russia will speed up work on reducing the country’s dependence on Western payment systems and the U.S. dollar in general, according to Russia’s state-run RIA Novosti news agency. “We will of course intensify work related to import substitution, reduction of Read More…
Tuesday morning, Pence announced Trump is going to sign the Russian sanctions bill. This will guarantee the end of the US petrodollar. (TFTP) The United States is on the precipice of pushing the Sino-Russo alliance closer than ever with the Senate’s almost unanimous approval of the Countering America’s Adversaries Through Sanctions Act. If President Trump signs the Read More…