Here’s another New Zealand FSP scam, involving a “Malaysian billionaire”, who doesn’t look genuine, and princes from Kuwait and Abu Dhabi, who do look genuine!
Read more...The last piece in our series on Virgin Gold Mining Corporation, for the moment
Read more...Yet more twists in the tale of the giant pyramid fraud, Virgin Gold Mining Corporation: Plan “C” starts to come unravelled.
Read more...More shenanigans from Virgin Gold Mining Corporation and its little helpers.
Read more...First in a series of posts exploring Virgin Gold, an immense ($2Bn?) pyramid scheme with a messy aftermath
Read more...Yves here. Richard Smith is on the trail of what looks to be his biggest international scam find ever, orders of magnitude larger than the usual below the radar single to low double digit million dollar/pound/euro operation that he has ferreted out in the past. And mind you, even though he focuses on the dubious looking inter-corporate relationships and the often evident lack of normal investors protections and business substance, these companies sell hope and glamour to typically credulous retail investors who lose their money and have no recourse.
Read more...There’s no end in sight to Odgers’ inept duplicity: she can’t even tell the truth about her resignation from Pacific Fiduciaries
Read more...GXG Markets seem to agree with me about the apparent connection between Cathy Odgers’ Pacific Fiduciaries and an exceedingly obvious boiler room fraud, HCI Hamilton.
Read more...With a new Republican Congress, and Obama himself a Republican who occasionally wears Democratic clothing, the Administration is making noise that the TransPacific Partnership and its ugly sister, the Transatlantic Trade and Investment Partnership, are moving forward in a serious way.
But the Administration tried that sort of messaging last year to keep up a sense of inevitability about these regulation-gutting, mislabeleed trade deals, when reality was very different. So where do things stand?
Read more...Yves here. This post confirms what readers know all to well, that Obama will use every opportunity to sell out the middle class to corporate interests.
One thing to bear in mind is that opposition to the Trans-Pacific Partnership, and its ugly sister, the Transatlantic Trade and Investment Partnership, do not split on simply party lines. This fall, when Obama was unable to get enough votes to get “fast track” approval, which the Executive Branch uses to force an up-down vote on a final trade deal, denying Congress the opportunity to influence its contents, whip counts showed that nearly 40 Republicans in the House were prepared to join Democrats in opposing it. How the numbers would break now is an open question, but that means it is worth your time and effort to call your Congressman and let them know you are firmly opposed to these toxic trade deals.
Read more...Yves here. I’m a believer in synchronicity, and this post will allow readers to continue the discussion we’ve been having over the last few days about the forces for war versus peace in industrial and post industrial economies.
The author John Weeks does himself a disservice by letting his considerable frustration with how economics treats topics like trade and war descend into spurts of hyperventilation. However, I believe you’ll find his argument though-provoking. Some of his points include that analysis of trade assumes that countries, as opposed to companies, are the locus of activity, and that trade creates incentives for peace, when in fact trade just as often (if not more often) creates incentives for war, for instance, via competition for resources.
Read more...What’s real about the narratives of 2014, versus what we’re being told they are about.
Read more...Lambert here: How about that DeGaulle! And “exorbitant privilege” has a nice ring, doesn’t it? By Yanis Varoufakis, a professor of economics at the University of Athens. Originally published at his website. As 2015 is approaching, seemingly pregnant with crucial challenges for Europe, the euro and all those who have to live with it, I […]
Read more...A new leak shows that the even-more-secret-than-the-TTP-and-TTIP Trade in Services Agreement is worse than you imagined.
Read more...Yves here. This important post by Michael Pettis addresses whether the efforts of the Chinese to diversify their foreign investments away from the dollar will be a negative for the US. Pettis is skeptical of that thesis, and some of his reasons are intriguing. Like quite a few experts, he doubts that China’s role in sponsoring an infrastructure bank will be a game changer, and he also points out, as we have regularly, that the Chinese cannot deploy their foreign exchange reserves domestically without driving the renminbi to the moon (via selling foreign currencies to buy RMB), which is the last thing they want to have happen. A more surprising, but well argued thesis is that reduced Chinese purchases of US bonds would be a net plus for the US.
Get a cup of coffee. This is a meaty, important article.
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