from The Money GPS:
from Sputnik News:
Britain is due to leave the European Union later this month but there is no sign of banks quitting the City of London, one of the main claims made by Remainers in the run-up to the Brexit referendum. But are the wheels of the City of London only kept turning by laundered money?
Nicholas Wilson, a financial services whistleblower who was fired by UK law firm, Weightmans, after exposing millions of pounds in unfair customer charges, claims the City of London relies on “dirty money” and says the world economy would collapse if the City stopped laundering it.
by Bob Rinear, The International Forecaster:
Over the next two – three weeks we’re going to hear from thousands of companies. If you’re holding individual stocks, it is worth your while to look up their earnings releases and maybe selling out a day ahead of their reports.
Every few months throughout the year, we have to endure something called Earnings season. Actually it’s 4 times, and they follow the 1st, 2nd, 3rd and 4th quarter of the calendar year.
Earnings season is where the corporations tell the public how their business is going, how sales were, how expenses were, and the bottom line, how much profits rose ( or fell)
We are at the beginning of Earnings season now, and one of the “rules” of swing trading that I have lived by for over 25 years is “Don’t hold your stock over earnings release date.” So let’s chat about that in a minute. First this:
by Simon Black, Sovereign Man:
In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.
Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.
Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.
It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.
by Charles Hugh Smith, Of Two Minds:
When will the American wage-earner finally tire of the skims, scams, fraud and lies that are now the foundations of everyday life?
You’d think that with the Federal Reserve printing trillions of dollars since 2008, we’d all be able to afford nice things. But you’d be wrong: after 11 years of Fed money-printing, nice things are even more out of reach for all but the favored few who’ve received the Fed’s bounty of freshly created currency.