Much is written on Rizana Nafeek’s extremely unfortunate fate in Saudi Arabia (SA). Some written with anger let loose on the government and some on licensed agencies and every one else who could be dragged in. But to discuss SL migrant labour, one has to leave emotions aside and start off with a factual explanation of what this whole issue …
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The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble By Paul Craig Roberts
The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut …
Read More »Banking on Criminality: Drug Money and the Above-the-Law Global Banking Cartel By Andrew Gavin Marshall
In what the New York Times declared as a “dark day for the rule of law” on December 11, 2012, HSBC, the world’s second largest bank, failed to be indicted for extensive criminal activities in laundering money to and from regimes under sanctions, Mexican drug cartels, and terrorist organizations (including al-Qaeda). While admitting culpability, and with guilt assured, state and federal authorities …
Read More »He Predicted Japan’s Two Lost Decades… He Forecast the 1990-92 Recession… He Warned of the 2008 Credit Crisis…
Gold: $750 Over the past 30 years now, I’ve used known economic and demographic trends to predict major economy and market shifts with uncanny accuracy. If you know my work – and that of my firm, HS Dent – you know we’ve helped a lot of investors save money and become wealthy by accurately forecasting major economic events over the years. We …
Read More »Bank Pays Bribe To Avoid Prosecution HSBC Fined Record $1.9 Billion In Money Laundering Case
Is HSBC's $1.9bn (£1.2bn) fine enormous or a drop in the ocean? Well, it's a record for the offence of money laundering and breaking sanctions, which could be said to underline the gravity of the bank's actions. On the other hand, the sum represents about four weeks' earnings given the bank's pre-tax profits of $21.9bn last year. The financial pain is …
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