admin

It would appear the Chinese central bank currency squeeze is back as money-market rates are exploding higher once again. With the outpuring of liquidity heading into the new-year holiday, the post-celebration hangover was always likely unless PBOC just kept pumping but judging by the 500bps spike in overnight Yuan interbank rates to 9.3%, more than […]

Authored by Eric Zuesse, Whereas Bernie Sanders claims to represent the bottom 99%, Hillary Clinton claims to represent a coalition of groups who are victimized by bigots (racists, sexists, etc.: she aims at women, homosexuals, Blacks, etc.). Whereas Bernie seeks to mobilize the bottom economic 99% against the top 1% who have scooped up almost all […]

Reuters is reporting that South African retailer Truworths has decided to exit Nigeria because of the government’s import restriction policy. The South African retail giant also cited high rental cost as another reason for pulling out. “We were unable to operate the stores properly any longer because we were unable to send merchandise to the […]

One of Nigeria’s leading telecommunication firm, Globacom, has attracted the wrath of the Osun State Internal Revenue Service (OIRS) who have sealed its offices in the state for not paying outstanding taxes and other levies in respect of mast/ base station and laying of fibre optics. The Acting Chairman/Chief Executive Officer of OIRS, Dayo Oyebanji […]

As we predicted over a year ago, in a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thing has to be abolished: cash. […]

Seemingly angered at the temerity of Apple’s Tim Cook’s defense of individual’s privacy and security, Congress has escalated the ‘crypto-wars’ that are dividing Washington and Silcon Valley. In its most directly totalitarian move yet, WSJ reports that Senate Intelligence Committee Chairman Richard Burr (R., N.C.) is working on a proposal that would create criminal penalties […]Read More

In an open letter to San Francisco’s mayor Ed Lee, tech entrepreneur Justin Keller said he is “outraged” that wealthy workers have to see people in pain and despair. As The Guardian reports, The latest cultural altercation between San Francisco’s tech workers and the city’s impoverished population finds one such ‘entitled’ citizen declaring the homeless […]Read More

Submitted by Nick Giambruno via InternationalMan.com, This definitive sign of a currency collapse is easy to see… When paper money literally becomes trash. Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless. Technically, German merchants still accepted the currency, but […]

While various Chinese bubbles have already burst in recent years, including those in the real estate, stock market and fixed investment sectors, so far the credit and shadow banking bubbles linger on with bond yields recently touching on record lows as the money invested in the various other bubbles has migrated into various forms of […]

Submitted by Brandon Smith via Alt-Market.com, Normalcy bias is a rather horrifying thing. It is so frightening because it is so final; much like death, there is simply no coming back. Rather than a physical death, normalcy bias represents the death of reason and simple observation. It is the death of the mind and cognitive […]

Regular readers are no doubt familiar with Bilal Erdogan. Bilal is the son of Turkish dictator President Recep Tayyip Erdogan who is on the verge of kicking off World War III by invading Syria in what is sure to be an ill-fated effort to shore up rebel forces and preserve the Azaz corridor, the last […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, the yuan was pegged at about 8.3 to the […]