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Plot Thickens In New York Fed Heist As $30 Million In Cash Said Delivered To...
One week ago, we documented the Hollywood-esque theft of $100 million from accounts held at the NY Fed and belonging to the central bank of Bangladesh.In many ways, the heist was elegantly planned and...
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Mystery Of New York Fed Robbery Has Central Banks Asking Who's Next
Bangladesh has learned a valuable lesson over the past two months: Do. Not. Trust. The. New. York. Fed.On a quiet Friday morning in early February, a series of instructions using authenticated SWIFT...
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Thousands Of "Elated, Wet" Migrants Land On Lesbos, As Refugee "Deal" Fails...
On Friday, the EU and Turkey came to an agreement on a set of proposals to stem the flow of Mid-East asylum seekers into Western Europe.The focus of the discussions in Brussels was cutting off the sea...
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Mystery Man Behind $100 Million Central Bank Heist Revealed As Bangladesh...
Bangladesh is not pleased with the NY Fed.One Friday in early February, hackers who had apparently been stalking the Bangladesh central bank for at least two weeks bombarded the Fed with requests for...
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California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour
Over the past 12 months, America has had front row seats for a real-life experiment with across-the-board wage hikes.In January of last year, a grinning Doug McMillon appeared in a video message posted...
View ArticleWhy Did the 9/11 Commission Not "Follow the Money?", by Lars Schall
In the below article, independent investigative journalist Lars Schall explores the time-honored tradition of following the money in an attempt to discover answers to yet unanswered questions regarding...
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April "Fools" In March
Submitted by Peter Schiff via Euro Pacific Capital,It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football...
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The Narrative Changes: Goldman "Explains" That Higher Oil Prices Are Actually...
Back in late 2014 and early 2015, this website soundly mocked any and every economist that suggested that plunging oil prices - in a globalized economy where oil has been financialized beyond...
View ArticleFrontrunning: April 7
U.S. readies bank rule on shell companies amid 'Panama Papers' fury (Reuters)Co-Founder of Mossack Fonseca Defends Law Firm at Center of ‘Panama Papers’ (WSJ)Fed's Cautious Approach on April Rate Hike...
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The End Is Near For Brazil's Ultra-Corrupt Government
Submitted by George Greenwood via The Foundation For Economic Education,Brazil has faced a sharp change in its economic fortunes. Graft, mismanagement of growth dividends and protectionism has put...
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"The People Aren't Stupid" - Germany Takes Aim At The ECB, May Sue Draghi:...
One month ago, when Mario Draghi unveiled his quadruple-bazooka QE expansion, which for the first time ever included the monetization of corporate bonds, the German press, in this case Handelsblatt,...
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Size Matters: Analysts Mock Italy's Tiny "Atlas" Bailout Fund Meant To...
As we warned all the way back in 2012, European NPL's are a ticking time bomb. Yesterday Italy announced that it had taken the long-anticipated first step to alleviate investor concerns surrounding the...
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China Embraces Gold In Advance Of Post-Dollar Era
Submitted by Koos Jansen via AllChinaReview.com,To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is...
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China Retaliates In Trade Wars - Increases Steel Output To Record High
A funny thing happened when US slapped a major tariff on China's steel exports... prices exploded higher. But the almost 50% surge in steel prices since mid-December back to 15-month highs have left...
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"Swimming Naked" - Chinese Corporate Bond Market Worst Since 2003
A week ago we highlight the "last bubble standing" was finally bursting, and as China's corporate bond bubble deflates rapidly, it appears investors are catching on to the contagion possibilities this...
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"We Are Taking Them To The Cleaners" - State Street Caught Stealing From...
In a scene right out of Office Space, one week ago we read that TD Bank, the fourth-largest retail bank in Massachusetts, was pulling out its coin-counting equipment for "servicing" following reports...
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Treasury Removes Jackson From $20 Bill, Will Replace Him With Harriet Tubman
Presenting an artist's impression of what your new $20 bill will soon look like. It's official.Moments ago Politico reported that the U.S. Treasury will announce that it plans to replace former...
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"A Scramble For Gold Has Begun"
Authored by James Rickards, originally posted at The Telegraph,For a century, elites have worked to eliminate monetary gold, both physically and ideologically.This began in 1914, with the UK’s entry...
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Cyber Fraud At SWIFT – $81 Million Stolen From Central Bank
Swift, the vital global financial network that western financial services companies, institutions and banks use for all payments and transfer billions of dollars every day, warned its customers...
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Silver “Momentum Building” As “Supply Trouble Brewing”
Silver “Momentum Building” As “Supply Trouble Brewing”Silver bullion prices are likely to rise further as there is “supply trouble brewing” as strong industrial and investment demand are confronted by...
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