Global Bond Markets: Where Did All the Liquidity Go?

Why does the lack of liquidity in bond markets have many of the world’s top economic opinion-makers worried?  Ben Wright writing in the Telegraph reports on the voices in “the chorus of doom” and explains why the evaporation of this liquidity in the global fixed income market signals “a warning shot across the bow”.

GoldCore: Where has all the liquidity gone?
Where did all the liquidity go? Photo: Ryan Brennecke

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Richard Russell of Dow Theory Letters Passes Away at 91


The financial newsletter business lost one of its greats on November 21st.

Richard Russell, who founded the Dow Theory Letters in 1958 passed away amongst family in his home. Read more ›

Not a Safe Space – Canadian University Suspends Yoga Class After Students Become Offended

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Apparently yoga is no longer a safe space.

When I first saw this headline I dismissed it, thinking it had to be a joke. Unfortunately, the joke’s on us…

Read the rest here.

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Is Santa Poised to Fill Christmas Stockings with Coal?

If container shipping is any reflection of the upcoming Christmas season, Santa is poised to fill the nation’s Christmas stockings with coal. Let’s start by noting that Baltic Dry Index Falls Below 500 for First Time Ever ( andContainer Freight Rates Plummet 70% In 3 Weeks (Zero Hedge).

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Soaring Global Debt – The Reality Check in Numbers

The fact that global debt is growing throughout the world is widely acknowledged and well documented. However, when faced with the numbers, the magnitude of the problem is still quite shocking to read. An article last week in Washington’s blog gives us a stark and timely reminder of those facts. The volatile geo-political environment we are entering into, coupled with this growth-stifling debt, makes for a dangerous economic combination. Read more ›

Actor Donald Sutherland Confirms Hunger Games is Allegory for the US


Here is a short clip featuring Donald Sutherland, who acted in The Hunger Games movie series, to learn in some detail what he thinks about them. He says flatly, it is an allegory pertaining to the United States, which is just what I wrote about a year ago. Read more ›

A Swiss bank is about to charge customers a negative interest rate!

What Money Means


Many among the masses don’t realize the intense and coordinated efforts currently being waged by central planners to trap and devalue our savings through financial repression. They’re being fleeced without being aware of it — working harder and harder for less and less.

There’s much about money that we misunderstand. But as we arm ourselves with better knowledge, we gain greater control over our destinies.

Read the full article here

Silver Suffers Worst Losing Streak in 65 Years- Can The Fed Send “Silver” to $0?

Source: Nanex

With Gold and Silver Smashed to Half Decade Lows This Week, PM Fund Manager Dave Kranzler Joined the Show As We Break Down All the Action, Discussing: 

  • 17 Days in a Row With Downside Action For Silver- Longest Losing Streak Since 1950!
  • Kranzler Explains Why: There’s Something Very, Very Wrong Going On Behind the Scenes, Fed is Trying to Keep it Contained
  • Copper & Baltic Dry Index Screaming Next Financial Crisis Has Begun?
  • Kranzler Warns: We Are Going to Reach a Point Where it Will Become Next to Impossible to Acquire Physical Gold & Silver on the Open Market

    Click here for the SD Weekly Metals and Markets With The Doc, Eric Dubin, and Dave Kranzler:
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[KR839] Keiser Report: Balance of Payments Crisis

We discuss the balance of payments crisis on the horizon as share buybacks trump capital expenditure and the income stream from privatized industries heads overseas. In the second half, Max interviews chartered accountant, tax justice campaigner, professor and definitely not Jeremy Corbyn’s paid adviser, Richard Murphy, about a town in Wales going ‘offshore’ as part of a tax campaign to force the government to make multinationals pay their share of taxes.

Tax Justice Network’s monthly podcast: who are the world’s worst financial secrecy offenders?

In the November 2015 Taxcast: Why is the City of London losing so much business to New York, Hong Kong and Singapore? (Our conclusions are quite different from those of a British Bankers Association report on the subject.) Plus: the crazy UK-China nuclear power station deal: a sweetener for closer ties between the two nation’s financial sectors? One year after #LuxLeaks exposed some of the secret tax deals being done between government tax authorities and multinational corporations we ask how many more ‘illegal state aid’ deals might have been made? Plus we have a special focus on the results of the latest Financial Secrecy Index 2015 released this month: we look at the top ten worst offenders and ask what can be done about them. @TheTaxcast is produced and presented by @Naomi_Fowler for the Tax Justice Network @TaxJusticeNet

‘If the EU doesn’t want the US to become the mega tax haven of the 21st century it should start taking serious action to bring the US back to the negotiating table’

~ Markus Meinzer, Tax Justice Network @markusmeinzer Link to his new book Tax Haven Germany (in German)

It’s easier to incorporate a shell company in the US than it is to get a driver’s licence or even a library card in many states”

~ Clark Gascoigne, FACT Coalition

‘I can only imagine what is driving it [the UK-China nuclear deal] is this determination to put the City of London’s interests ahead of all of the UK’s interests, including security interests.’

~ John Christensen, Tax Justice Network

To listen to previous and future monthly Taxcasts go to the Tax Justice TV youtube channel or to download and listen any time on the go you’ll find the direct download urls here

To read the Tax Justice Network daily blogs go to

Is This How the Next Global Financial Meltdown Will Unfold?

I have long maintained that the structural imbalances of debt and risk that triggered the Global Financial Meltdown of 2008-2009 have effectively been transferred to the foreign exchange (FX) markets.

This creates a problem for the central banks that have orchestrated the “recovery” by goosing asset bubbles in stocks, real estate and bonds: unlike these markets, the currency-FX market is too big for even the Federal Reserve to manipulate for long.

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