That’s not to say it’s impossible to find a new job. Daiwa seems to be building its credit presence and just hired Gary Hibbard as an executive director in fixed income trading. Hibbard has over 20 years of finance experience and last worked in the City in April 2014 according to the FCA Register, when he was head of sterling credit trading at Lloyds Bank. However, Hibbard ins’t representative of a trend and Daiwa isn’t known for its generosity in terms of pay.
How else to explain, other than kleptocracy, the fact that Wall Street’s richest mega banks collect the life insurance proceeds and tax benefits on the untimely deaths of their workers – all codified into law by the U.S. Congress – making death a profit center on Wall Street. Or, as Frontline revealed, that two-thirds of your 401(k) plan over a working lifetime is likely to be lost to financial fees.
People don’t know whether we have a buying panic coming or a selling panic – and we really could have either one, because they markets are volatile. That’s the main thing that’s happening: Volatility is spiking.
The international monetary system is in crisis and ready to collapse. It has been since at least 1971 but it seems we are very close to the end (within five years). The International Monetary Fund (IMF) is working discreetly to have the Special Drawing Rights (SDR) replace the US dollar as the international standard. Since the delinking of the dollar from gold in 1971, the US dollar has been the de facto international standard. The IMF itself makes no bones about its ambition to establish the SDR as the global reserve currency.
How to Protect Your Wealth (Tiffany B.)
Well, before you can confiscate someone’s wealth, what’s the first step? You have to know what kind of wealth that person has first. Banning cash makes that job a lot easier. Only a few years ago, such a call would have been ludicrous. Not now. And the FT’s editorial puts a mainstream Establishment stamp on the whole matter.
Then there are the crazies who cannot see the forest for the trees; they send in e-mails that say I am wrong and the dollar will collapse because Russia is abandoning the dollar. They are so lost in thinking that Russia is somehow a major holder of dollars. What is the alternative? There is nothing. A rise in the dollar will inflict the greatest losses worldwide and then the cry for an independent reserve currency will emerge. A declining dollar will NOT dethrone it.
Until recently, the Water Board only required oilfield water to be tested for naturally occurring toxins such as salts and arsenic; in April it expanded the tests to include a broader range of compounds used in oil extraction, including fracking. The Board has appointed a committee to determine if the chemicals in oilfield water “pose a threat to public health at the concentrations detected,” says spokeswoman Miryam Barajas, but in the meantime has no plans to rein in the practice.
A defeat would be a setback for Mr. Brown, who has made a battle against global warming a centerpiece of his final years in public life, and for environmentalists who have looked to California to lead the emissions fight at a time of strong skepticism about global warming in Washington. Mr. Obama urged California lawmakers to enact the bill in a recent speech in Las Vegas, signaling the importance he is attaching to the issue in his final years in office.
Gold & Silver
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