Sunday , 24 November 2024

Lorimer Wilson

Singapore – China Agreement Yet Another Sign of Ongoing Decline In U.S. Dollar (3K Views)

Finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and that the Chinese renminbi is going to take tremendous market share away from the dollar - and they want a big piece of the action. To that end representatives of the Hong Kong Exchange and the Singapore Exchange, THE two dominant financial centers in Asia, have signed an agreement to combine their forces in rolling out more financial products denominated in Chinese renminbi. This has massive consequences for the global financial system - and the future of the U.S. dollar.

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Christmas Has Come Early This Year for These Investors/Speculators!

We have noted previously that short-sellers have been crushed this year as many of the best performing stocks have also been some of the most heavily shorted stocks. So far in December, however, short-sellers have been getting a bit of a respite. Of the 29 names listed, only 8 are up so far this month. All in all, these 29 stocks have averaged a decline of over 4% this month compared to a loss of just 0.62% for the S&P 1500. It looks as though Christmas has come early for the short-sellers this year. Here's the list of all 29 stocks and how they have performed to date.

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Gold Setting Up To Bottom; U.S. Dollar Setting Up to Crash (+3K Views)

The next black swan is already staring us in the face. It's out of control currency debasement and it's going to be a collapse in the purchasing power of the US dollar. [After all,] does anyone seriously think that we can print trillions of dollars out of thin air for five years and not eventually have something bad happen?

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Your Money Is Not Safe: Successful Cyber Attacks Against Banks & Businesses Increasing (+2K Views)

When it comes to the Internet, nobody is ever entirely safe. Every major website & company is being targeted - big banks are being hit "every minute of every day" - with sophisticated cyber attacks which have increased 42% in the past year. The amount of money being stolen is absolutely staggering. At some point it going to cause some major league problems. It is just a matter of time.

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