Friday, October 30, 2020

A GREEK TRAGEDY

Twenty thousand battle-hardened troops and cavalry stormed off 600 Persian war ships onto the Plains of Marathon 26 miles north of Athens. These were the shock troops of the Persian army, warriors that had built the Persian Empire into the...
Here by popular demand, the Goldman Sachs graphic. Click the image to open a full-width view.
Three months ago, I wrote an article covering the financial crisis in Europe. The article, which is now the final chapter in the updated version of Crisis by Design (http://johntrumanwolfe.com/products-page/), exposes the fact the current crisis is caused. It...
There are news reports that now suggest that JP Morgan’s derivatives losses are not $2 billion, they are likely to be $8 billion or perhaps as high as $9 billion http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/. The JP Morgan losses resulted from derivatives called Credit...
The international bankers and the media are starting to push the global "CRASH" button. Zoellich, head of the World Bank (and former Goldman Sachs exec) has raised the spector of a global Lehman Bros - An International crash....

An Unsavory Connection

by John Truman Wolfe I don't like the word ‘globalization.’ I don’t like the way it sounds. I don’t like the way it tastes, or feels or smells. It evokes a world of human misery ruled by some unseen Orwellian tyrant that promotes...

Banks

By John Truman Wolfe Since the beginning of the Global Financial Crisis, I have had several requests to do reviews of the financial strength of several banks. In the course of some of these assessments, I have found that the...

Let ‘Em Eat Cake

By John Truman Wolfe Scott Rasmussen is one of the country's foremost pollsters. In my opinion he is the best. Rasmussen is smart: he surveys “likely voters,” as opposed to just those of voting age. He conducts a daily presidential tracking...
by John Truman Wolfe A Credit Default Swap (CDS) is a fancy name for a financial instrument that is really nothing more than a bet on whether a loan will be repaid or not. They are wagers placed by bankers...

Financial Terrorism

by John Truman Wolfe There was an article in The Washington Times, written by Bill Gertz on February 28, 2011. The title of the article is Financial terrorism suspected in 2008 economic crash. http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/ There are two sides to this article –...
- Advertisement -

RECENT POSTS