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Industry to change FICO scores for buyers to keep housing bubble growing

The Federal Reserve, Wall Street, and the banking industry love housing.  In fact, they love artificially stimulating the housing industry so much that their efforts led to a collapse in 2007, and a near death event for the entire global financial system thanks to subprime loans, and derivatives off those mortgage contracts. So when it came time for the Fed and Wall Street to create a new bubble to artifici ...

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Russian sanctions Part 2: Halt of food imports from any nation sanctioning the Bear

It has been a wild week for geo-politics as the Obama administration has been unable to counter the growing rejection of the empires ability to impose its will on the rest of the world.  First, reports have come out of the Ukrainian high command that Russia has mustered troops and tanks on their Eastern border in what appears to be final preparations for a major incursion against the Eurasian state.  Second ...

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Ukrainian soldiers flee to Russia as broke government seeks funds from new ‘War Tax’

A little more than a week ago, the Prime Minister and ruling political coalition broke down, leaving a leadership vacuum in Ukraine's new fledgling government.  However, the political upheavals appear to be of minor consequence in light of their economic and budgetary problems which have left soldiers on the front lines without guns and ammunition, and leading over 400 fighters to surrender and flee to Russ ...

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U.S. is officially insolvent as it has more liabilities than the entire net worth of the country

A year ago, it was estimated that America's debt to GDP ratio was at 106%, or, that it owed in direct debt obligations more than the entire production capacity of the U.S. economy for one year.  But as with any company, corporation, or entity, as long as they have the collateral to backstop a loan, then it is highly likely that a bank will willingly provide all funds requested, even if it means at a high ra ...

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Think Ebola is simply from nature? Then why does the U.S. govt. have a patent on it?

Over the past few months, Ebola outbreaks in Africa have been escalating to near crisis proportions.  Not only have several African government like Liberia and Sierra Leone ordered travel restrictions and individual quarantines, but Americans traveling to the Dark continent themselves have not been immune from catching the deadly virus. However, the real question one has to ask, especially in light of other ...

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Bail-in postponed: Portuguese bank to have government bail out.

With the test case of depositor bail-ins already achieved in the nation of Cyprus back in 2013, the rest of Europe has held their breath for the same shoe to drop when the next major bank failure comes to the Eurozone.  However, in what appears to be a stay of execution for the public and their savings, Portugal's second largest bank, Banco Espirito Santo, will instead have a more conventional bailout and b ...

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Russian central bank now in talks with India for bypassing dollar in settelments

Earlier this year, Russia and China solidified their partnership in pursuing a policy of trade outside the dollar when they signed a $400 billion natural gas and oil deal to be paid for in both Rubles and Yuan.  Now, on July 30, the Russian Central Bank announced they are beginning work with the third leg (India) of the BRICS coalition to form a plan to allow for trade and banking settlements in their own r ...

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The Bear strikes back: Russia to impose massive new trade restrictions against U.S. businesses

When the United States began its punitive use of economic sanctions against Russia and Russian oligarchs a few months ago, Vladimir Putin shrugged them off as minor nuisances and little more than political posturing.  But as President Obama has continuously increased sanctions against the Eurasian superpower, and forced Europe into imposing some of their own despite their reticence, Russia is now ready to a ...

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Israeli media shows transcript of Obama commanding Israel to surrender to peace

On July 29, a local Israeli television station (Channel 1), received a transcript of a phone conversation between President Barack Obama and Prime Minister Benjamin Netanyahu where the U.S. Commander in Chief all but ordered Israel to surrender its position in the Gaza conflict, and demand the sovereign nation accede to the will of Obama and Secretary of State John Kerry. And the most ironic thing about thi ...

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Class action lawsuit filed against banks involved in silver price manipulation

On July 25, a futures investor filed a class action lawsuit against Deutsche Bank and HSBC for their involvement in price rigging and fixing in the silver futures market.  J. Scott Nicholson, who's alleges price fixing has caused himself and multitudes of other legitimate future trades to lose millions of dollars from protected market manipulation, is seeking redress for years of price rigging in the metals ...

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FDIC closes bank in IL bringing total number of failed banks in 2014 to 14

GreenChoicel Bank, fsb,, located in Chicago, IL, was closed down by the FDIC on Friday, July 25.  This bank failure is the second for the month of July and brings the total amount of bank closures in 2014 to 14. 7/25/2014 *** IL *** Chicago *** GreenChoice Bank fsb. *** $14.2 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $14.2 million. If you were banking at GreenChoice ...

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Ukraine government collapses as PM resigns and ruling coalition breaks

An interesting and inevitable conclusion came to pass on July 24 when the U.S. installed Kiev government in Ukraine collapsed today as Prime Minister Arseniy Yatsenyuk resigned and the two ruling coalitions broke apart.  This sudden fall of government is coinciding with an economic collapse that has led Kiev to be unable to pay soldiers fighting against Russian separatists in the East, and a budget that was ...

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