Category: Financial Crisis

Bankers are usually the villain of the piece. You know, the slimy-looking character with the oily handlebar mustache who is about to foreclose on the mortgage of the farmland owned by the aging rancher and his pretty, blonde-haired daughter. But…

The War on Cash Gets a New Honcho Next month (March, 2016), the largest bank in the United States, J.P. Morgan Chase, will demand ID for customers to deposit cash. Yep. You want to put some greenbacks in your Chase…

Like some quietly evolving financial virus, the world of banking is changing before our very eyes. Perhaps it is striking your awareness. Perhaps not. But there are steps you should take to stay ahead of this. There are a number…

The droids at the Internal Revenue Service got hacked the other day. The bad guys grabbed 100,000 tax returns right out of the agency’s computers. These guys don’t waste time stealing Dollars, Euros or Pounds. No. They go for the…

When Alexander the Great ruled Cyprus, the Mediterranean island tucked into the underbelly of Turkey like a fetus in the geo-political womb, he took control of the island’s currency by removing the images of the local kings on the coins…

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 is…

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…