Month: April 2011

Making the New Sub Prime – Part 2 – What’s in store

In the first part, The Backdoor to China, I suggested how the central Chinese authorities had effectively lost control of bank lending and property speculation within mainland China and argued that the new and rising power in China now lay in the growing relationship between China’s regional governments and international finance operating in Hong Kong. …

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Guest post by Hawkeye – Wall Street fiddles whilst the US burns

Things are hotting up in the precious metals markets. Something is definitely brewing. The bilking continues unabated, yet far from emerging from crisis the Western economies are stagnating (at best). A few weeks back Max Keiser wrote a piece about how a “complete disregard for the rule of law is at the heart of the …

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Timisoara

On the off chance anyone would like to meet up I will be in Timisoara, Romania, on May 4th and 5th. I will be at the Hotel Timisoara.

Money Laundering and the moral world of bankers

In the four years between 2004 and 2007, one of America’s largest banks, Wachovia, now owned by Wells Fargo, accepted $378.4 billion without paying attention to whether it was drug or otherwise ‘dirty’ money.  According to Fincen (The US Treasury’s Financial Crimes Enforcement Network) $20 billion of that has been identified as definitely laundered drug money and …

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