No one can say with any certainty where the hundreds of billions of dollars that the Federal Reserve has been pumping into Wall Street since September 17 are actually ending up. The Fed is not releasing the names of which of its primary dealers (securities firms) are taking the lion’s share of the loans nor […]
“Panic at the Repo”: One of the World’s Top Repo Experts Explains What Really Happened…
Panic At The Repo: As a professional trader, I keep an eye out for the next panic or market crisis. Since the beginning of my career, there was a crash or panic every few years in one market or another. You try to think about what market is overbought. What market is in a bubble. […]
German Intelligence Reports on Iran’s Illicit Nuclear Activities Met with Silence from European Powers…
Serious questions have emerged about the International Atomic Energy Agency’s and the European powers’ silence regarding a series of German intelligence reports documenting the Iranian regime’s illegal attempts to obtain nuclear weapons technology as late as 2018. Emily B. Landau, director of the Arms Control and Regional Security Project at the Institute for National Security […]
There’s Nothing Normal About the Fed Pumping Hundreds of Billions Weekly to Unnamed Banks on Wall Street: “Somebody’s Got a Problem”…
Yesterday, the House Financial Services Committee released its hearing schedule for October. There is not a peep about holding a hearing on the unprecedented hundreds of billions of dollars that the Federal Reserve Bank of New York is pumping into unnamed banks on Wall Street at a time when there is no public acknowledgement of […]
German Police Raid Former NATO Bunker Data Center Used for Illegal Activities…
German investigators shut down a “criminally operated data center” in a former NATO bunker that they claim was used to host sites selling drugs, child pornography and illegal botnets. More than 600 police officers stormed the ‘CyberBunker’ data center in Traben-Trarbach, western Germany, where they seized roughly 200 servers. Seven people were arrested. Prosecutor Juergen […]
The Repo Loan Crisis, Dead Bankers, and Deutsche Bank: Timeline of Events…
Last week, as the Fed was carrying out hundreds of billions of dollars in emergency loan operations on Wall Street for the second week in a row – the first such operations since the financial crisis – Deutsche Bank’s headquarters office in Frankfurt, Germany was being raided by police for the second time in less […]
U.S. Charges Israel and German Operatives of Bloombex Options, Morton Finance and Starling Capital with $100M Fraud…
The United States Securities and Exchange Commission on Thursday charged two Israeli men and a German man with binary options fraud to the tune of $100 million. The three defendants were named as Gil Beserglik, 63, an Israeli citizen living in Germany, his son Raz Beserglik, 33, who lives in Israel, and Kai Christian Petersen, […]
Markets Wake Up to a Dicey Global Economy Outlook; Dow Plunges…
If you are long stocks, this is one of those mornings when you may be tempted to pull the covers over your head and take a mental health day away from financial news. As of 8:44 a.m. this morning, Dow futures were registering a plunge of 394 points; the big Wall Street bank stocks were […]
In Stunning Upset, Germany’s Far-Right AfD Set to Defeat Merkel’s CDU in the Country’s East…
In a stunning development for German politics, Germany’s anti-immigrant, nationalist party Alternative for Germany, or AfD, has taken the lead in the east of the country ahead of Chancellor Angela Merkel’s Christian Democrats (CDU), just a month before regional elections in the eastern states of Saxony and Brandenburg, an opinion poll showed on Sunday. The […]
Germany Will Not Join U.S. Naval Mission in Strait of Hormuz…
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