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Malaysia Indicts 17 of the “Untouchables” at Goldman Sachs…

When it comes to serial and systemic frauds perpetrated by big banks on Wall Street, the U.S. Department of Justice typically punts. It will either not charge the bank itself or it will issue a felony charge along with a non-prosecution agreement that lets the bank settle the charges without a trial. These tactics by […]

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Gold: $1500…

Gold prices on Wednesday jumped above an important psychological level at $1,500 amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals. The 10-year U.S. Treasury note’s TMUBMUSD10Y, -4.93% fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion. […]

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U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday…

By the closing bell of yesterday’s broad stock market selloff, the Dow Jones Industrial Average, which had been down over 900 points in the afternoon, closed with a loss of 767 points or 2.90 percent. The Standard and Poor’s 500 Index closed even deeper in the red with a loss of 2.98 percent. But those […]

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DOW Stocks Plunge 767 Points as U.S.-China Trade War Deepens…

U.S. stocks went into freefall on Monday, with the Dow Jones Industrial Average down 900 points at its low before curbing some of those losses, ending the session 767 points lower. All three of the major market averages lost about 3 percent led by the tech-heavy Nasdaq Composite in what is the worst session of […]

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Beijing Launches DPRK Rockets Over Escalating Trade Tension – Trump Launches Treasury Missile Designating China a Currency Manipulator…

Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation – ” For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said. The two projectiles, […]

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Stocks, Yuan, Bond Yields Crash as Trump Unleashes New China Tariffs…

Just as investors thought it was safe to buy-the f**king-dip after Powell’s plunge, President Trump steals the jam out of their donut by announcing new China tariffs…”on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country” In a series […]

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Federal Reserve Cuts Rate Quarter Point, First Since ’08 – Why It Doesn’t Matter…

In 2015 CTH outlined how candidate Donald Trump’s proposals were in-line with those who had long argued for a return of “economic nationalism”. We also outlined when those proposals (now policy) are implemented, Fed action would be essentially irrelevant. The Federal Reserve is pegged to the Wall Street Economy. President Trump’s policies are pegged to […]

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Chinese Aluminum Billionaire Indicted in $1.8 Billion Tariff Evasion Scheme…

We previously outlined Mr. Zhongtian Liu [HERE] as part of the early 2018 explanation for how China was exploiting the NAFTA loophole as an end-run around tariffs. Today the Central District of California U.S. Attorney announces his indictment – “A federal grand jury indictment unsealed late Tuesday alleges a complex financial fraud scheme in which […]

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Capital One Says Breach Hit 100 Million Individuals in U.S….

Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman identified by Amazon.com Inc. as one of its former cloud service employees of breaking into the bank’s server. While the complaint doesn’t identify the cloud provider that stored the allegedly stolen data, […]

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U.S. Files Lawsuit Against Bitcoin Exchange That Helped Launder Ransomware Profits…

The US Department of Justice has filed a civil lawsuit seeking to recover more than $100 million from a notorious cryptocurrency exchange that has helped cyber-criminals launder stolen funds, such as those obtained from ransomware payments, dark web drug marketplaces, and funds from hacked cryptocurrency exchanges. In a lawsuit filed on Friday, July 26, the […]

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The Federal Government Sold Your Social Security Number for Five Dollars…

Do you remember back in 2017 when Equifax (the giant consumer credit agency) admitted that it had been breached? Hackers broke into Equifax’s databases and stole personal and financial records of 147 million people. And we’re talking EVERYTHING– names, addresses, Social Security Numbers… all the ingredients that an identity thief needs to destroy your life. […]

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Here it Comes: The Most Important Week of The Year…

The “most important week of the year” is finally here, when in addition to an avalanche of economic data including US payrolls, European PMIs, BOE and BOJ announcements, and the restart of US-China trade talks, we are in for a historic treat with the Fed set to cut rates for the first time in over […]

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Secretary Wilbur Ross Discusses GDP Release, USMCA, China Trade and U.S. Tariffs…

Commerce Secretary Wilbur Ross appears with Charles Payne to discuss the latest economic data and the Q2 GDP release. Within the interview Secretary Ross explains the information behind the data; the status of the USMCA and Pelosi’s motives to delay ratification; the baseline for the U.S-China trade discussions, and the position of the administration to […]

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82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover…

If you are buying stocks based on what your stockbroker (a/k/a “financial advisor”) is telling you the research analysts at his brokerage firm are recommending, our headline above should provide a cautionary warning. On July 21, Philip Van Doorn, a reporter for Dow Jones’ MarketWatch, published a chart showing that 82 percent of bank research […]

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India Ambassador Praises House for Outsourcing U.S. College Jobs to Indian…

“I must compliment the U.S. House of Representatives for adopting the Fairness for High Skilled Immigrants bill which removes country caps on the H1B visas,” Indian ambassador Harsh Shringla told a D.C. meeting of lobbyists and advocates on Tuesday. He continued: “I think this is an important initiative. We have worked with congressmen across the […]

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It’s Over: The Democrats and the Republicans Are Both Conspiring to Bankrupt America and Destroy Our Future…

Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care. Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal […]

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Here’s Where Millennial’s Are Moving Too…

Haven Life Insurance Agency LLC (Haven Life), an online life insurance agency, conducted a new study that reveals from 2012 to 2017, millennials moved to large metropolitan areas that already had large concentrations of them. The survey noted that millennials are living a life of luxury in expensive neighbors with high wages, rising home prices, […]

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Trump and Congressional Leaders Reach Sweeping Budget Agreement…

White House and congressional leaders on Monday clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels. The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes […]

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