Tim Leissner, Goldman's Banker

Another Goldman Sachs’ Financial Con, will it be held accountable this time? Meanwhile Goldman Stock is Plunging

We are going to see whether Goldman Sachs, the world’s most politically-connected investment bank – the former employer of dozens of senior civil servants, from US treasury secretaries to the governors of the Bank of England and the European Central Bank can evade this financial fraud allegation once again. 
The answer will tell whether there has been reform in the banking and financial industry since a decade of financial crash, which I doubt very much. Meanwhile its stock is plunging, drastically underperforming compared to the market.

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One Hell of a Crisis Looms

Mike Maloney: One Hell Of A Crisis Looms

We had a stock market crash in the year 2000, and then in 2008, we had a crash in stocks and real estate. The next crash is going to be in stocks, real estate and bonds — including a lot of sovereign debt, corporate bonds and a whole lot of other bonds that will be crashing at the same time. So, it will be all of the standard financial asset classes, including the traditional ‘safe haven’ of bonds that are going to be crashing at the same time that the world monetary system is falling apart.

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Don’t Miss the Signs of Another Slow-Motion Meltdown

Venezuela is an economic and human rights tragedy. Turkey, Argentina and Indonesia, all major emerging-market economies, are in complete meltdown. India, Malaysia, Brazil and Mexico are in the midst of currency collapses. South Africa is in recession. China’s growth is slowing and its debt is unsustainable. The trade war between the U.S. and China is starting to take its toll and will get worse.
Note from editor: Since next year there will be an election in Indonesia, beware that those in power (the local and foreign elites) might exploit this fragile economic condition to further their political agenda. The economic situation today in Indonesia mimics that of 1998 financial crisis.

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