Archive for the 'Elite' Category
An Investment Manager’s View on the Top 1%
August 8th, 2011Via: Who Rules America: I sit in an interesting chair in the financial services industry. Our clients largely fall into the top 1%, have a net worth of $5,000,000 or above, and if working make over $300,000 per year. My observations on the sources of their wealth and concerns come from my professional and social […]
Key Figure [SIC] in Abu Ghraib Atrocities Freed from Prison
August 8th, 2011The “key figures” are Bush, Cheney and Rumsfeld… Via: AP: The convicted ringleader of detainee abuses at Abu Ghraib was released Saturday from a military prison, an Army spokeswoman said. Charles Graner Jr., 42, was released from the U.S. Disciplinary Barracks at Fort Leavenworth, Kansas, after serving more than 6½ years of a 10-year sentence, […]
Greenspan: No Chance of Default, U.S. Can Print Money
August 8th, 2011HAHA: I’m sticking with my initial guess on this: No default. The U.S. is dealing with a $14 trillion clusterfuck. No way that thing hits the wall. Not like this. There’s way too much potential for something to go super-critical. I have no idea what’s going down at the meeting mentioned below, but it’s probably […]
GERMAN GOVERNMENT THINKS ITALY TOO BIG FOR EFSF TO SAVE
August 6th, 2011Via: NASDAQ: Germany’s government thinks Italy is too big for Europe’s rescue fund to save, Der Spiegel magazine reports in a preview of an article to be published Monday. The government doubts whether even tripling the size of the rescue fund, known as the European Financial Stability Facility, would enable it to save Italy because […]
ECB to Hold Sunday Conference Call on Crisis
August 6th, 2011Via: Reuters: The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone’s debt crisis, an ECB source said on Saturday.
G20 Deputies to Hold Crisis Call Saturday
August 6th, 2011Via: Reuters: Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said. The official told Reuters the call was scheduled for 2230 GMT. “It will be an exchange of information and […]
China: “America Needs To Accept The Painful Fact That The Good Old Days Are Over”; Calls for International Supervision of Issuance of U.S. Dollars and the Creation of a Global Reserve Currency
August 6th, 2011One more time: I’d say that capital controls, some kind of IMF SDR (Special Drawing Rights) ‘Global Reserve’ confetti bucks, and a global financial crisis management organization, like the IMF on steroids are possible. At a minimum, states will try unilateral capital controls in an attempt to prevent their currencies from disorderly appreciation vs. the […]
China to New Zealand: Embrace Your Status as an Authorized Mr. Lee’s Greater Hong Kong Franchisee
August 4th, 2011*sigh* Via: New Zealand Herald: China is launching a public relations offensive in New Zealand and the rest of world, saying the West has nothing to fear from China’s rapid economic growth and investment. The Chinese embassy’s political counsellor Cheng Lei held a rare press conference this morning at the embassy in Wellington, reading out […]
Central Banks Join Rush to Gold
August 3rd, 2011Via: Wall Street Journal: Central banks are ramping up their gold buying as they seek to diversify their reserves away from the dollar and other beleaguered currencies. South Korea became the latest government to disclose a big bullion purchase, saying Tuesday that it recently bought 25 metric tons – more than doubling its holdings to […]
Someone Strapped a Bomb Around the Neck of a Girl Who Is Part of One of Sydney’s Wealthiest Families
August 3rd, 2011Update: ‘Safe and Well’ Via: Sydney Morning Herald: An 18-year-old Sydney schoolgirl is safe and well after a ten-hour bomb ordeal in her Mosman house. —End Update— Via: Daily Telegraph: POLICE are trying to defuse a bomb strapped to a teenage girl at a multimillion dollar house at Burrawong Avenue in Mosman, Sydney. The drama […]
