On Tuesday, June 23, Senators Graham (R-SC), Cotton (R-AR), and Blackburn (R-TN) introduced a bill that is a full-frontal nuclear assault on encryption in the United States. You can find the bill text here. It’s been formally introduced as Senate bill 4051, which you can track here. (Other reactions to the bill so far: EFF, Techdirt.)
When the May jobs report came out with 2.5 million jobs added a drop in unemployment to 13.3%, I told several friends the numbers seemed implausible. It appears I might have been right. The Department of Labor’s Bureau of Labor Statistics survey takers mistakenly misclassified about 4.9 million people as employed, although they were unemployed.…
On Thursday, Israeli Attorney General Avichai Mandelblit announced that his office would be formally indicting Israeli Prime Minister Benjamin Netanyahu on one count of bribery and two counts of fraud and breach of trust. The indictments pertain to three different cases that spanned two years of investigations. The timing of the indictments gives off the…
The Big Short ~ True Story June 20, 2018 “Every dip is met by a wall of buying, ramping the market ever higher, and ever more ignorant of the increasingly…” Editor’s Note Markets 101: If you “short” a stock, that means you sell a stock you don’t own. You do that because you think the…
“the House Administration Committee allocated $25,000 to each member in 2017 and again in 2018 to beef up their personal and office security…” Threats against politicians have been skyrocketing lately. Many in Congress are now living in fear, purchasing body armor and hiring armed guards to protect themselves against the people they should be serving rather than…
Israeli media predicts that Israeli Prime Minister Benjamin Netanyahu is to be investigated, along with his wife and eldest son Yair, over Corruption Case 4000. The investigations over Case 4000 revolve around facilitations offered by Netanyahu to the businessman Shaul Elovitch, the owner of the news site Wallah, in return for favorable media coverage. Hungary Joins Russia In…
Nearly a decade after the US unleashed its biggest debt-issuance binge in history, doubling the US debt from $10 trillion to $20 trillion under president Obama, which was only made possible thanks to the Fed’s monetization of $4 trillion in deficits (and debt issuance), the Fed is starting to get nervous about the (un)sustainability of…
General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business. The Securities and Exchange Commission is looking at the accounting practices related to a review of a GE insurance business as…
The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.
United Kingdom-based global financial services company HSBC Holdings plc (HSBC) entered into a deferred prosecution agreement (DPA) [Even after years of PROVEN criminal activity] and agreed to pay a $63.1 million criminal penalty and $38.4 million in disgorgement and restitution to resolve charges that it engaged in a scheme to defraud two bank clients through…
Why did Robert Mueller hire partisan Democrats in Russia probe? These are the very same agents in the FBI who assured all of America that Russia “meddled” in the US election. Nine out of fifteen members of Robert Mueller’s team are Hillary Clinton donors. At least one worked for Hillary personally. Why did Robert Mueller…
A lawsuit against JP Morgan-Chase — the nation’s largest bank — asserts that the institution paid off the $4,200,000,000 in mortgage forgiveness that it agreed to as a settlement for widescale mortgage and foreclosure fraud by committing a lot more mortgage fraud, in which homeowners, ethical lenders, and American cities were stuck with the bill. The original…
A Vietnamese Court began issuing verdicts [Vietnam Net report] and sentences Friday in an ongoing anti-corruption case for members of Ocean Bank, with former CEO Nguyen Xuan Son being sentenced to death for embezzlement. China Escalates Crackdown On Corrupt Banking: 370 People Arrested In Illegal Foreign-Exchanges Totaling $64 Billion.
To Hide A Depression: During the first round of the Financial Crisis in 2008 and 2009, the US private sector nearly collapsed, threatening to send the US economy straight into deep depression. We’re talking about a $1.3 trillion private sector collapse that was contained only by the government fantastically increasing the money it spent, even…
Attorney General Jeff Sessions and Department of Health and Human Services (HHS) Secretary Tom Price, M.D., announced today the largest ever health care fraud enforcement action by the Medicare Fraud Strike Force, involving 412 charged defendants across 41 federal districts, including 115 doctors, nurses and other licensed medical professionals, for their alleged participation in health…
