Receive updates via email

Sunday, November 23, 2014

HSBC charged with defrauding France of €181 billion in taxes

The Swiss arm of HSBC, the 2nd-largest bank in the world, has been charged in France with “illicit financial and banking practices”. The scale of the allegations is simply staggering: Over the years 2006 and 2007 HSBC is accused of helping clients commit tax fraud in France in the amount of 181 billion euros. Investigators said that in 2005 London-based HSBC helped some 100,000 wealthy customers and 20,000 corporations arrange offshore front companies in places like Panama or the British Virgin Islands in order to evade French taxes.

Paper Currency COLLAPSE & New GOLD RUSH | Duane & Hoffman

- Ahead: complete collapse of all paper currencies ►0:00
- Greenspan says that gold is the supreme currency ►10:30

Saturday, November 22, 2014

US Now Importing the World's Deflation | John Rubino

John wrote, with US QE about to end, the rest of the world faced the prospect of another “taper tantrum” financial crisis, one that this time around could suck the major economies into a deflationary vortex. So it should come as no surprise that the end of QE was countered with a series of offsetting treats for the global financial markets:

• The US Fed promised to keep interest rates low for a really long time.

• The European Central Bank announced that in November it would start buying asset backed bonds, in effect beginning an open-ended, potentially huge debt monetization program of its own.
Gold & Silver Forecaster Blog