Blog Archives

200 Million China Investors Could Have Lost Everything In Largest Ponzi Scheme Ever

China has had its share of ponzi-like investment scheme blow ups in the past, most recently last April  as we described in “Investors Rage After 3 Billion Yuan Vanish From China’s Largest Private Bank” and previously in “Chinese Investors Find…

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Posted in Finance

The Unthinkable: Nuclear War With North Korea

s the Trump administration prepping the American people – indeed, the world – for a war against North Korea? It certainly seems so. US President Donald Trump is constantly needling North Korean leader Kim Jong-un, comparing the size of their respective…

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Posted in Finance, Politics

China Issues a Massive Downgrade of US Credit and Major Warning

In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasurys, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing “deficiencies in US political ecology” and…

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Posted in Finance

Putin Pals Are Freaking Out Over This List

As we reported last Friday, Russian oligarchs are growing increasingly nervous over the U.S. Treasury’s upcoming “Official Oligarch” list, which is being created pursuant to an Aug. 2, 2017 law requiring that the Treasury and State Departments identify officials and oligarchs as…

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Posted in Finance, Politics

Trump’s Newest Comment, If True, Is Pretty Awful

After reports that Trump referred to “shithole” African nations in a meeting (that was not denied by The White House), the president has tweeted this morning that “this was not the language used.” The language used by me at the…

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Posted in Finance, Politics

Buffett Offers Ominous Warning To Crypto Investors

Warren Buffett doubled down on his criticism of bitcoin Wednesday during an interview with CNBC, where he said he’s almost certain the cryptocurrency craze “will end badly” and that the current runup in value will be fleeting. But paradoxically, he…

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Posted in Finance

Apple’s Major Bug Could Affect The World

All Mac iOS devices and systems are exposed and vulnerable to the recently discovered chip bugs known as Spectre and Meltdown, Apple confirmed on Thursday. The flaws, which as we discussed before, allow hackers unauthorized access to a computer’s memory…

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Posted in Finance

Huma Abedin Forwarded Top Secret Passwords To Yahoo Account Hacked By Russian With Odd Clinton Connection

Huma Abedin forwarded a trove of sensitive emails to her personal Yahoo account, including passwords to government systems – before every single Yahoo account was affected by a massive hack conducted by a Russian security expert employed by the same Moscow bank former President Bill…

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Posted in Finance, Politics

“As Good As It Gets” – What A Difference 11 Months Makes

What a difference eleven months make. Shortly after Donald Trump was inaugurated he fired Michael Flynn. What’s become the conventional subtext is that the intelligence agencies have launched a “soft coup” against Trump, he has been significantly weakened, and the…

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Posted in Finance, Politics

This Long Island Iced Tea Soared 500% Is Insane!

Now that it is abundantly clear that for a stock to explode higher, all that is necessary – and sufficient – is a press release mentioning the company’s name and throwing in the word “blockchain” in the same sentence (see Riot Blockchain,…

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Posted in Finance