These men are masters of the capital markets. They are voting with their feet and pulling their capital out of them. Given that their personal compensation is closely linked to assets under management and profit sharing, this decision is akin to the choice to forego additional wealth that could be made quite easily (none of these individuals would have trouble raising several billion more in capital) rather than trying to find opportunities in a challenging market.
If they’re bailing on the market… what are the odds trouble is approaching?
Adding a single dissenter – just one other person who gives the correct answer, or even an incorrect answer that’s different from the group’s incorrect answer – reduces conformity very sharply, down to 5-10%.
And a recent study shows that when only 10% of a population have strongly-held beliefs, their belief will often be adopted by the majority of the society.
A few short years ago, Americans wouldn't have believed that the White House would lie us into a major war, that our government would choose Wall Street over the little guy, or that the NSA spied on every American citizen. Now, this is all common knowledge.
A few years ago, most Americans trusted government and corporate leaders. Now, polls show that trust has collapsed, as people realize that our core institutions are rotten with corruption.
You will not be taking the first step. More people than you realize are already working to challenge the corrupt people in positions of power.
Officials and corporate media never remind taxpayers, but California holds $600 billion in taxpayer cash and investments ($50,000 non-disclosed assets per household).
California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household). For examples, page 63 of L.A. County’s 2011 CAFR shows $66 billion in cash and investments; City of L.A.’s CAFR page 58 shows $38 billion.
Making the situation all the more dire for the government is that Snowden has made clear he will release some of the information under certain "other" circumstances. For instance,
if Martial Law is declared in the US or if any elections are canceled for any reason, all the government employee info goes out.
If the US Dollar collapses as a currency, or there is any type of "bail-in" for banks, where depositors money is seized to prop-up banks as happened in the country of Cypress, all the Federal Reserve and Banker info goes out.
If an economic collapse takes place, all the Banker/Stock Broker/Commodities Trader information goes out.
If Corporations start hyper-inflating prices, all the information about them, their officers and Boards of Directors will go out.
Willie, who recently sat down with The Doc for an exclusive interview revealing the “Smoking Gun” proving gold rehypothecation by US officials, emphasizes that we are NOT seeing bad bankers removed, we are witnessing bankers taken out who are on the verge of revealing BIG DATA details.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.
Whatever the case, Matt Drudge understands that his views and comments are followed by hundreds of millions of people worldwide, thus we are confident that he would not publicly issue such a warning unless he has access to credible information that supports his claims.
One can hardly accuse Bitcoin of being an uncovered topic, yet the gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous.
In this post, I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up, and what I think Bitcoin’s future potential is.
Any similar photos to the one below by US President Obama or UK Prime Minister Cameron would be a massive betrayal of their puppet masters - the BIS, the IMF, the World Bank, the ECB, the BOE and the Federal Reserve.
Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior and should be investigated [ ]
From 2004, they observed frequent spikes in spot gold prices during the afternoon call. The moves weren’t replicated during the morning call and hadn’t happened before 2004, they found.
Large price moves during the afternoon call were also overwhelmingly in the same direction: down. On days when the authors identified large price moves during the fix, they were downwards at least two-thirds of the time in six different years between 2004 and 2013. In 2010, large moves during the fix were negative 92 percent of the time, the authors found.
Pope Francis on Monday revolutionised the Vatican's scandal-plagued finances, inviting outside experts into a world often seen as murky and secretive and saying the church must use its wealth to help the poor.
According to the latest 13F filed by Soros Fund Management, LLC made available last Friday, George Soros has dramatically increased his “put” position on the S&P 500 ETF (SPY) in the fourth quarter of 2013. In fact, the negative bet by Soros last quarter represents a huge 150%+ increase from his position in the third quarter.
If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent. It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core. It seems to illustrate the complicity of big banks and governments, the intelligence community, and the media.
ICIJ’s “Offshore Leaks” probe has ignited reactions around the globe – sparking official investigations, sweeping policy changes and high-profile resignations.
Since the series of stories – based on a leak of 2.5 million secret offshore records – began rolling out in April 2013, responses have come rapidly, from India, Mongolia, France and dozens of other nations. The European Union’s top tax official has called Offshore Leaks “the most significant trigger” behind Europe’s newfound resolve to crack down on offshore hideaways and global tax dodging.
“We're in a completely different context today” because of the Offshore Leaks revelations, Belgium’s secretary of state said. “It’s a new world.”
If you were to store some emergency funds with a friend who promised to get them back to you whenever you asked, and then you ask and are told it'll be a few years before he'll get you the cash, what assumption would you make?