Posts Tagged ‘England’

The Giant Vampire Squid’s Journey to the East

This is a chilling and complex, historical look at members of the species called Giant Vampire Squid. – Ilene

The Giant Vampire Squid’s Journey to the East

Couresy of Darryl Schoon at DRSchoon.com

Usury, once a venal sin, was now commonplace and bankers who live by the charging of interest were considered respectable. The hand of evil was everywhere as the end-times, the end of days, were upon them.

Rolling Stone writer Matt Taibbi’s description of Goldman Sachs as a Giant Vampire Squid which wraps itself around its victims draining them of their productivity and profits is chillingly accurate.

In truth, Matt Taibbi’s Giant Vampire Squid was created in the recesses of 17th century London, for Goldman Sachs is but one of many; but, unlike Frankenstein’s monster, the Giant Vampire Squid is not a fable. It is as real as are its appetites and victims; and, although now badly wounded, the Giant Vampire Squid is still alive—and it’s headed east.

Taibbi’s metaphor is an apt description for modern banks, especially investment banks such as Goldman Sachs, JP Morgan Chase, Deutsche Bank, Credit Swiss, RBS, etc. Allowed by governments to create capital from virtually thin-air, these banks have an in-house advantage in a world dependent on credit, an advantage they use to leverage the world’s need for money into profits and obscene bonuses for themselves.

Banking is simple. We profit by the indebting of others by taking advantage of their need for money. We do this by creating money from nothing using the savings of others to do so.
The Dark Arts: The Secrets of Banking, 14th ed.

THE FEEDING MECHANISM OF THE GIANT VAMPIRE SQUID

The feeding mechanism of the Giant Vampire Squid is simple. First, it expands the size of its victim by injecting it with credit through its beak. Over time, this will enlarge the victim to its maximum possible size.

This mimics the nurturing process in nature. But the Giant Vampire Squid’s intent is singularly self-serving. At first, the victim enjoys the squid’s credit, absorbing as much as possible. The victim experiences the increased growth as pleasant and positive; and so it is—but ultimately only to the benefit of the squid.

The victim, enlarged to its maximum size and thoroughly entwined by tentacles, the Giant Vampire…
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Asset-Valuation Games Exist In England Too

Asset-Valuation Games Exist In England Too 

The-Houses-of-Parliament--London--EnglandCourtesy of Karl Denninger at The Market Ticker


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Zero Hedge

Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From "Bad" To "Ugly"

Courtesy of ZeroHedge View original post here.

Submitted by Michael Every of Rabobank

Regular readers will know that our four projected COVID-19 scenarios were “Bad, Worse, Ugly, and Unthinkable”. Current news today suggests risks that the base case is rapidly shifting from “Bad”, meaning only China is impacted, to “Ugly”, where both emerging Asia and developed economies see soaring infection rates and deaths. ...



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The Technical Traders

Yield Curve Patterns - What To Expect In 2020

Courtesy of Technical Traders

Quite a bit of information can be gleaned from the US Treasury Yield Curve charts.  There are two very interesting components that we identified from the Yield Curve charts below.  First, the bottom in late 2018 was a very important price bottom in the US markets.  That low presented a very deep bottom in the Yield Curve 30Y-10Y chart.  We believe this bottom set up a very dynamic shift in the capital markets that present the current risk factor throughout must of the rest of the world.  Second, this same December 2018 price bottom set up a very unique consolidation pattern on the 10Y-3Y Yield Curve chart.  This pattern has been seen before, in late 1997-1998 and late 2005-2008.

...

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Phil's Favorites

Everything Warren Buffett said on CNBC this morning

 

Everything Warren Buffett said on CNBC this morning

Posted by , courtesy of The Reformed Broker

 

Warren Buffett: ‘Kraft Heinz should pay down its debt’ from CNBC.

War...



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Kimble Charting Solutions

Gold & Silver Mining Stocks Testing Monster Long-Term Bullish Breakout Level!

Courtesy of Chris Kimble

Gold / Silver Miners Index (XAU) Chart (Oldest Mining Index, which combines Gold & Silver Mining Stocks)

The rally in precious metals has been impressive.

Gold is up over 9 percent in 2020 and over 35 percent in the past 18 months. Silver is up nearly 4 percent in 2020 and over 25 percent in the past 18 months.

And when precious metals prices are strong, it provides a strong tailwind to gold and silver mining stocks.

Today’s chart highlights the rally on the Gold & Silver Mining Index ...



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Insider Scoop

94 Biggest Movers From Friday

Courtesy of Benzinga

Gainers
  • Trans World Entertainment Corporation (NASDAQ: TWMC) shares jumped 50.9% to close at $5.28 on Friday after the company disclosed that its subsidiary etailz entered into a deal with Encina for $25 million 3-year secured revolving credit facility.
  • Celldex Therapeutics, Inc. (NASDAQ: CLDX) gained 35.2% to close at $3.07. Cantor Fitzgerald initiated coverage on Celldex Therapeutics with an Overweight rating and a $8 price target.
  • Ducommun Incorporated (NYSE: DCO) gained 3...


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Members' Corner

Threats to democracy: oligarchy, feudalism, dictatorship

 

Threats to democracy: oligarchy, feudalism, dictatorship

Courtesy of David Brin, Contrary Brin Blog 

Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...



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Biotech & Health

What scientists are doing to develop a vaccine for the new coronavirus

 

What scientists are doing to develop a vaccine for the new coronavirus

It is critical to learn more about SARS-CoV-2, including its source and why transmission appears to be more efficient than with previous coronaviruses. (Shutterstock)

Courtesy of Marc-Antoine De La Vega, Université Laval

With an increasing number of confirmed cases in China and 24 other countries, the COVID-19 epidemic caused by the novel coronavirus (now known as SARS-CoV-2) looks concerning to many. As of Feb. 19, the latest numbers listed 74,280 confirmed cases including 2,006 deaths. Four of these de...



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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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ValueWalk

What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

According to ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Tuesday, 01 October 2019, 02:18:22 AM

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Comment: Wall of worry, or cliff of despair!



Date Found: Tuesday, 01 October 2019, 06:54:30 AM

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Comment: Interesting.. Hitler good for the German DAX when he was winning! They believed .. until th...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.