It is the 21st of July 2017

News

Did Martin Shkreli's FBI Arrest Save Him From A "Hit" Ordered By The Wu-Tang Clan?

Just when you thought the bizarre antics of famed 'Pharma Bro', Martin Shkreli, couldn't get any more outrageous, along comes a new book detailing how he was almost "whacked" by members of the Wu-Tang Clan after a twisted scheme, which somehow also involved Bill Murray, went horribly wrong.  According to the book, "Once Upon a Time in Shaolin: The Untold Story," it all started when Shkreli bought Wu-Tang Clan's infamous record, Once Upon a Time in Shaolin, for $2million.

Read More

Italy Bails Out Two Failed Banks; Cost To Taxpayers: $17 Billion

Two weeks after the first, and biggest, European bank bail-in took place under the relatively new European bank resolution mechanism, the EBRD, when Spain's Banco Popular wiped out the holders of its most risky securities, including equity and AT bonds, and then selling what was left of the bank to Santander for €1 - a process that took place without a glitch -  Italy may have just killed any hope of a European banking union, when the bailout of two small banks made a "mockery" of Europe's new regulation.

Read More

Inflation is no longer in stealth mode

  • IHS Markit index shows UK households pessimistic about finances for 2017-208
  • UK household finances remain under intense pressure from rising living costs
  • 58 percent of respondents expected higher interest rates in 12 months time
  • Inflation in the United Kingdom currently at near four-year high
  • Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
  • In May consumer spending in the UK fell for the first time in almost four years

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes, The Economic Consequences of the Peace (1919)

Read More

Featured Apps

Free Money