finance

The Elites Are About to Turn Money Into Surveillance
The U.S Treasury now has all the power in the world to quash individual targets via financial cord-cutting, but it may go further than leveling obvious marks such as terrorists and dictators. As privacy bandits within the department have yet to accomplish ...[Read more]
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China tightens scrutiny on $9.3 trillion fund industry
China's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as the government becomes more assertive in dealing with an industry worth 60 trillion yuan ($9.28 trillion). ...[Read more]
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The Whistleblower Trying to Stop the Next Financial Crisis
If you were reading the news back in 2008, then you probably remember how residential mortgage backed securities fueled by subprime mortgages tanked the global economy. Now John Flynn, a veteran of the mortgage securities market, says it’s happening all ...[Read more]
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‘Cry Me a River’: Sanders Hits Back as Billionaire Investor Whines About Potential Tax Hikes Amid GameStop Fiasco
As the ongoing GameStop saga sparked renewed calls for a financial transactions tax and other commonsense redistributive measures to tackle soaring inequality and Wall Street abuses, billionaire investor Leon Cooperman took to the airwaves Thursday to fum ...[Read more]
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China condemns one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes
China sentenced a former finance chairman to death on charges of bribery and bigamy, Bloomberg reported on Tuesday. Lai Xiaomin, who has been called China's most corrupt financial official, was the focus of an investigation in 2018 into his time as the ch ...[Read more]
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Theresa May Plans Instant Split From Some EU Rules After Brexit
Prime Minister Theresa May is drawing up plans for an instant break from key European Union regulations after Brexit -- including some on financial services -- in a drive to exploit the upside of the divorce, according to senior U.K. officials. As part of ...[Read more]
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BRICS Gold Trading System Poised to Reduce US Dollar Dominance
First deputy chairman of Russia’s Central Bank – Sergey Shvetsov has recently announced that BRICS countries are mulling the creation of a unified gold trading system. And as David Gibson, Managing Director at GoldVu Investment Company, told Radio Spu ...[Read more]
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30 Tons of Venezuelan Bolivar Bills Found Hoarded in Paraguay
A massive hoard of 50 and 100 Venezuelan bolivar Bills, amounting to 30 tons in weight, was uncovered in a house in Paraguay on the Brazilian border, Associated Press reported Monday. The massive find is the latest example of the ongoing of hoarding Venez ...[Read more]
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Venezuela Mulls Suing JP Morgan over De Facto Economic Blockade
The U.S. investment bank claimed that Venezuela's state oil company missed debt payments. The country hasn't missed payments since 2002. Venezuela may take legal action against U.S. investment bank J.P. Morgan Chase & Co. after the financial institution a ...[Read more]
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