Financial Tectonic Shift
Since 2009, the markets have always responded to Central Banking prodding. Today, a tectonic shift has begun in the markets; in that, if they no longer respond to the Fed’s efforts to boost them, then it is game over for the Fed and its policies.
Gold-Rigging Scandal and UBS
Global precious metals trading has been under regulatory scrutiny since December 2013. Now, UBS, granted with conditional leniency by the Swiss government, is in a position to blow the lid off the gold price manipulation scandal that could dwarf Libor-gate. UBS will likely do this or face more massive financial penalties by their government.
Soon, blind faith in the global financial system will likely be shattered. For example, with a derivative debt approaching $30 billion and a market value of just $16 billion, Glencore, headquartered in Switzerland, could be the next Lehman Brothers like event.
Fall of Social Media?
Other than fancy bells and whistles in coding, money put forth, by Wall Street, into social media has contributed little more than ideas and ways for people to connect like those YouTube cat videos. Sooner, or later, Wall Street is going to come knocking for either its promise of profits. or, its money back.
According to the Case-Shiller index, Chicago has now taken Detroit’s place as the worst U.S. city for home prices. Perhaps this happened because Obama chose to place his presidential outhouse err… library in his adopted hometown of Chicago.
A company, hired by Planned Parenthood, concluded the undercover videos about selling baby parts was not manipulated. Any discrepancies are consistent with efforts to remove “non-pertinent” segments. In short, there is not escape for the baby-killers for profit at Planned Parenthood.
Do As I Say
Pope Francis’s trip to the U.S. did not live up to the hype. For instance, the Pope chided America for wanting border security while the Vatican keeps people out with massive walls. Perhaps, those Vatican walls were built to keep the pedophiles safe from international law enforcement.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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