Category Archives: Tim Geithner
Rickards Warns “Prepare For A Chinese Maxi-Devaluation”
Authored by James Rickards via The Daily Reckoning, China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital […]
Things Are Thriving In The “Modern Hooker Economy”
Last year we exposed the growing trend among thousands of British students who were funding their college experience through "Sugar Daddy" websites, where "arrangements" were made to allow students to pay off student loans and other living expenses. It turns out that US students are now following this crafty debt repayment plan in the new […]
Fed Inspector General: “We Discovered Issues That Warrant Immediate Attention”
The Fed’s troubling, recurring and perhaps criminal data “leakage” problem has been thoroughly documented over the past years: from Tim Geithner telling bank CEOs what the Fed will do will in advance of it becoming before, to early leaks of Fed Minutes, to breached embargoes, to the release of material non-public information to consultants such […]
Trumpomania & Trumpopanic
Submitted by Pater Tenebrarum via Acting-Man.com, A Serious Contender with a Plan Donald Trump has obviously become a serious contender for the Republican nomination (in spite of the fact that he has suffered a slight setback on Saturday). He has morphed from a “joke” that the pundits were absolutely sure “would soon flame out” to […]
“Timmy” Geithner Gets Loan From Jamie Dimon For PE Investment
“You are in a position to make 20 percent to 30 percent on your position in the fund. Why wouldn’t you buy in at Libor-plus to leverage that up?” Good question. That quote is from Tom Bernhardt, a senior vice president at TorreyCove Capital Partners, a San Diego-based private-equity consultant. Tom is referring to Tim […]
No, Bank Bailouts HAVEN’T Ended
CNN headlines, “Fed Ends ‘Too Big to Fail’ Lending to Collapsing Banks”. Sounds good … But CNN quickly backtracks: “There are still loopholes that the Fed could exploit to provide another back-door bailout to giant financial institutions,” [Congresswoman Elizabeth] Warren, a Democrat, told CNNMoney. *** It’s important to note that the new […]
Fourth Turning – Social & Cultural Distress Dividing The Nation
Submitted by Jim Quinn via The Burning Platform blog, I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into the […]