In April and May 2012 there was the huge trading losses that took place at J.P. Morgan’s Chief Investment Office that were transactions booked through its London branch. I have explained before that firm bounce back and forth using New York and London to avoid regulations. That is how M.F. Global went down. The NY […]

Politicians being mostly lawyers only see their power to change and make laws as absolute. They fail to comprehend that they too must be competitive for their actions alter the behavior of all. They drive capital out and attract capital in by simply being uncompetitive or competitive. Puerto Rico comes under the US mantle as […]

The New York Stock Exchange is preparing to go non-human. Arnold Schwarzenegger is coming. The ability to execute trades without humans is really here. In reality, it can be 24 hours a day and highly efficient. Our own computer is capable of managing a portfolio entirely automatically right down to sending in orders trading even […]

The Libor Fixing Scandal of interest rates has shown precisely what I wrote about in Behind The curtain. I have personally witnessed the trading mentality of the commodities trader from the ’70s consume Wall Street when it began with the PhiBro takeover of the bond trading house Solomon Brothers – the mentor of so much […]

Britain has amazed itself as its taxes have raised nearly 50% more cash than it had expected. These tax increases on property transactions that were imposed in London over the past year has revealed the boom in London luxury residential prices. The same is taking place in New York City. What is going on is […]

Michael Premo was found innocent by a jury in NYC of assaulting an officer during the Occupy Wall Street event. They charged him with a felony of charging the police like a linebacker, and resisting arrest. Bloomberg, ex-Solomon Brothers Mayor whose main clients are bankers, does not prosecute police who beat citizens but let a citizen defend […]

U.S. Supreme Court Brady v. Maryland, 373 U.S. 83 (1963) Brady v. Maryland No. 490 Argued March 18-19, 1963 Decided May 13, 1963 373 U.S. 83 CERTIORARI TO THE COURT OF APPEALS OF MARYLAND Syllabus In separate trials in a Maryland Court, where the jury is the judge of both the law and the facts […]

U.S. Supreme Court IN RE SINKING FUND CASES, 99 U.S. 700 (1878) 99 U.S. 700 (L.Ed.) SINKING-FUND CASES. UNION PACIFIC RAILROAD COMPANY v. UNITED STATES. CENTRAL PACIFIC RAILROAD COMPANY v. GALLATIN. October Term, 1878 APPEAL from the Court of Claims. Appeal from the Circuit Court of the United States for the District of California. The […]

The United States is losing all respect for its legal system Worldwide. The view of the United States is New York is no longer a safe place to invest and certainly after M.F. Global, it is not fit to keep your money there. Everyone is asking WHY did Wall Street executives escape jail time for […]

Throughout history there has been countless two-tier monetary systems where at times there have been a local currency issued by the immediate government, yet the people rely upon the currency of another government. Such periods are interesting for they are not official but emerge by the people rather than through a decree of a government. […]