Tag Archives: White Shoe Boys

Saxo Bank CEO Warns of Collapse Into “Totalitarian” Society

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“Saxo Bank CEO Lars Seier Christensen warns that excessive government regulation, overtaxation and a coming economic collapse are all setting the stage for a slide into an overtly ‘totalitarian’ society.  In a blog post entitled, What is the broader relevance of Ayn Rand for society?, Christensen adeptly describes how the predictions of the author, most famous for her 1957 dystopian classic Atlas Shrugged, are now coming to pass. The Saxo Bank CEO argues that free market capitalism and freedom in general is under constant attack by elites whose constant intrusions into the economy and people’s personal lives are predicated around the need to justify more centralization of power.”

http://www.prisonplanet.com/saxo-bank-ceo-warns-of-collapse-into-totalitarian-society.html

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10 Signs The Global Elite Are Losing Control

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“The more the elite try to control humanity, the more entropy occurs. Entropy, for those who don’t know, is the lack of order or predictability; a gradual decline into disorder.
Although the elite still enjoy a huge wealth advantage over the masses, they are now resigned to behaving like tyrants to maintain control. This, in turn, exposes their dark side which has been cleverly concealed for ages. Not anymore. People are waking up in droves, at least as fast as the elite can build their full-spectrum prison matrix.  Let them try.  To paraphrase Victor Hugo, ‘No army can stop an idea whose time has come.’  Here are ten signs that the elite are losing control over the people.”

http://www.activistpost.com/2013/09/10-signs-global-elite-are-losing-control.html

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Wall Street Bitcoin Fans Try to Make Real Money From Virtual

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“After developing a fascination with digital currencies, Jonathan Silverman left his job managing funds at Morgan Stanley in May to take a job trading the virtual stuff instead.  As director of trading at an exchange for Bitcoin, Silverman, 25, joined a bevy of Wall Street brokers, analysts hedge funds and other speculators taking a gamble on the new currency. They are drawn to Bitcoin’s soaring value — up about 50-fold the past year — as well as the novelty of pioneering a new realm of finance.  ‘I think Bitcoin will be the first and oldest crypto-currency but not the last,’ Silverman said in an interview. ‘It’ll be a premier safe-haven asset.'”

http://www.bloomberg.com/news/2014-01-06/wall-street-bitcoin-fans-seek-to-make-real-money-from-virtual.html

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Gold funds hit 2008 level ahead of US Fed action

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“Holdings of gold in exchange traded funds (ETFs) around the world have fallen back to levels last seen before the global financial crisis in 2008, wiping away all the speculative froth in precious metals.  The once-popular GLD fund has lost 57pc of its value over the last year with outflows of $25bn (£15bn) as investors brace for a cycle of monetary tightening by the US Federal Reserve, typically a headwind for gold and commodities. JP Morgan says interest in gold has evaporated to the point where speculative long and short positions monitored by the US Commodity Futures Trading Commission have dropped to the lowest since early 2006.  The wild card is China, still buying fistfuls of physical gold.”

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10552352/Gold-funds-hit-2008-level-ahead-of-US-Fed-action.html

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JPMorgan Chase Nears a $2 Billion Deal in a Case Tied to Madoff

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“JPMorgan Chase is starting the new year with another steep payout to the government.  The bank plans to reach as soon as this week roughly $2 billion in criminal and civil settlements with federal authorities who suspect that it ignored signs of Bernard L. Madoff’s Ponzi scheme. All told, the bank will have paid some $20 billion to resolve government investigations over the last 12 months.  JPMorgan’s Madoff settlements would also involve a so-called deferred prosecution agreement, a criminal action that would essentially suspend an indictment as long as JPMorgan acknowledged the facts of the government’s case and changed its behavior.”

http://dealbook.nytimes.com/2014/01/05/jpmorgan-chase-nears-a-2-billion-deal-in-a-case-tied-to-madoff/?emc=eta1&_r=1&

JPMorgan Chase is starting the new year with another steep payout to the government.

The bank plans to reach as soon as this week roughly $2 billion in criminal and civil settlements with federal authorities who suspect that it ignored signs ofBernard L. Madoff’s Ponzi scheme, according to people briefed on the case.

All told, after reaching the Madoff settlements with federal prosecutors in Manhattan and regulators in Washington, the bank will have paid some $20 billion to resolve government investigations over the last 12 months.

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Bitcoin’s Sixth Year Likely Driven By Institutional Participation

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“In the last few months, major sell-side banks like Citi, NAB, and BaML have published formal research on the industry. While most of it has been relatively rudimentary for those already knowledgeable in the space, they were undoubtedly addressing an initial but growing interest from their client base. Meanwhile, Wedbush has published a number of sophisticated reports applicable even to readers with a solid understanding of digital currency fundamentals.  CNBC now has a dedicated section for bitcoin that contains their near-daily coverage over the last quarter, with even the Wall Street Journal publishing on the topic at a similar pace.”

http://thegenesisblock.com/bitcoins-sixth-year-likely-driven-institutional-participation/

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Bitcoin Becomes a Real Job and Wall Street Is Hiring

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“A San Francisco-based hedge fund is hiring a Bitcoin execution trader, in yet another sign of how seriously Wall Street takes cryptocurrencies—or possibly that the world is ending. No word on whether or not you get paid in bitcoins.  The firm is seeking a ‘junior trader to assist with bitcoin trading, general fund operations, and reporting.’  Wall Street’s growing presence in the Bitcoin scene is a big deal because that’s where the money is, and not just their money, but the money the industry manages—everyone’s money. What this does is cement the status of cryptocurrencies as a brand new asset class; not quite a currency and not quite a commodity, but something totally new and unique.”

http://motherboard.vice.com/blog/bitcoin-becomes-a-real-job-and-wall-street-is-hiring

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Wall Street Analyst: Winners And Losers In The Rise Of Bitcoin

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“In a new note to clients, Wedbush analyst Gil Luria lays out which companies Bitcoin and/or cryptocurrencies in general could boost, and destroy.  ‘We believe Bitcoin and its associated technology represent a potential disruption to our covered companies,’ wrote Lauria. ‘Furthermore, we believe Bitcoin’s potential lies beyond the ‘coin’ as the underlying blockchain protocol can be used to replace traditional intermediaries by acting as an exchange mechanism for a multitude of transactions.’  And now, the companies he’s referring to.”

http://www.businessinsider.com/winners-and-losers-in-bitcoin-2014-1

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Price of Gold Part of a Larger ‘Party’ Pattern?

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“This article cites over-production of gold as a key factor in currency appreciation against the yellow metal. And yet the ongoing reported lines of gold buyers in China and India provide us with an alternative reality, one that seems to contradict the oversupply argument. We are told as well that the expansion of the Fed ‘taper’ has put downward pressure on gold but the taper is a relative latecomer. Gold collapsed a while ago. We are informed that the sell-off was merely a market phenomenon. Maybe, and yet we are not convinced … We note that gold price manipulation is now formally under investigation in London and that the price of gold is ‘set’ by traders and banks rather than by the market.”

http://www.thedailybell.com/news-analysis/34873/Price-of-Gold-Part-of-a-Larger-Party-Pattern/

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Wall Street adviser recommends guns, ammo for protection in collapse

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“A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a ‘bug-out bag’ that includes food, a gun and ammo to help them stay alive.  David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, ‘Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.'”

http://washingtonexaminer.com/be-prepared-wall-street-advisor-recommends-guns-ammo-for-protection-in-collapse/article/2541205

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