Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: risks

Puerto Rico Stiffs Bond Investors on Monday

This article was published by The McAlvany Intelligence Advisor on Monday, January 4, 2015:  

Coat of Arms of Puertor Rico

Coat of Arms of Puertor Rico

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Like a Zombie, the Export-Import Bank is Threatening to Come Back to Life

This article was published by The McAlvany Intelligence Advisor on Wednesday, September 9, 2015:  

The movie White Zombie, a horror film in 1932 starring Bela Lugosi, featured zombies as mindless, unthinking henchmen under the spell of an evil magician. The Export-Import Bank doesn’t quite fit the definition, but it’s close.

Crafted by socialists surrounding FDR in 1934 and given life by an executive order, Ex-Im was granted permanent status as an agency in 1945. It has been repeatedly, endlessly, mindlessly resurrected almost 20 times since then, until the end of June.

Since then pressure has been building among its crony beneficiaries

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Shell Gets Final Approval to Drill in the Arctic Ocean

This article appeared online at TheNewAmerican.com on Tuesday, August 18, 2015: 

Shell Oil Company

On Monday the U.S. Department of the Interior issued a final approval to allow Royal Dutch Shell to start drilling an exploratory oil well in the Chukchi Sea, northwest of Alaska. Though the Department of the Interior is headed up by Sally Jewell, who was handpicked by the Obama administration for her background not only as the former CEO of REI, a Seattle-based outdoor equipment retailer, but as a die-hard Democrat contributor, the announcement nevertheless enraged environmentalists who remember both the Valdez oil spill and the 2010 Deepwater Horizon blowout.

The last time Shell drilled in the Arctic Ocean was 1991, and environmentalists have been keeping the pressure on succeeding administrations to make it the only time. In 2008, however,

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Chinese Plunge Protection Team Failing to Stem Stock Market Declines

This article appeared online at TheNewAmerican.com on Thursday, July 30, 2015:  

A historical chart of the Shanghai (SSE) Compo...

A graph of the Shanghai Index showing the first bubble in 2006-2008

In the last 30 minutes of trading on Wednesday, the Shanghai Composite Index jumped more than three percent, while the smaller Shenzhen Composite (equivalent to the U.S. Nasdaq index) leaped more than four percent. That this was the result of actions taken by China’s unofficial “plunge protection team” was obvious to Jacky Zhang, an analyst at BOC International: “Clearly it is government intervention again.”

China’s plunge protection team (PPT), equivalent to the U.S. stock market’s “Working Group on Financial Markets” set up under President Reagan following Black Monday in October 1987, has moved heaven and earth to keep its stock markets from collapsing. The team, made up of China’s Securities Finance Corporation and the China Securities Regulatory Commission, along with top officials from the country’s 21 largest brokerages and the Chinese central bank, has implemented an entire panoply of measures to stem the tide, including:

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Do Negative Interest Rates Portend a Negative Economy?

This article first appeared online at TheNewAmerican.com on Monday, May 4, 2015:

Last Thursday the London Daily Telegraph’s assistant editor, Jeremy Warner, reported an astonishing statistic: Almost a third of all government debt in the eurozone is paying negative interest rates. That’s more than $2 trillion in government bonds, and, it appears, investors are happy that they aren’t paying even more.

Fifty percent of French bonds now trade with a negative yield, while 70 percent of Germany’s bonds trade at a negative yield. More remarkably, in Spain, which was on the verge of insolvency just a few years ago, 17 percent of its government bonds now trade with a negative yield.

This is counterintuitive, which explains why Keynesians, those who believe that “demand” in an economy can be artificially increased by manipulating taxes and the money supply, have no explanation for it. In theory,

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Huge Ex-Im Bank Loan Defaults Imperiling Bank’s Reauthorization

This article first appeared online at TheNewAmerican.com on Thursday, March 26, 2015: 

Seal of the Export-Import Bank of the United S...

Seal of the Export-Import Bank of the United States

On January 21, NewSat, a private satellite communications company headquartered in Australia, defaulted on a $21 million payment to its primary satellite provider, Lockheed Martin. That default is triggering an avalanche of defaults that could sink not only NewSat but also very likely the bank that guaranteed the loans financing the deal, the Export-Import Bank, whose charter is up for renewal on June 30.

The Ex-Im Bank has touted its ability and willingness to provide financing for American companies seeking to do business abroad but which couldn’t arrange financing the regular way: through private banking channels. According to the bank’s charter,

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Whistleblowers Share Over $170M in Bank of America Settlement

This article first appeared online at TheNewAmerican.com on Monday, December 22, 2014: 

Whistleblower (TV series)

Whistleblower (TV series)

Under the Whistleblower Act — also known as the False Claims Act, or FCA — the details behind 16 lawsuits involving the Bank of America, and that bank’s settlement for nearly $17 billion in August of this year, were kept secret, until Thursday, December 18, when they were “unsealed.” Whistleblowers involved in exposing the frauds by the bank and its Countrywide Financial subsidiary will share more than $170 million, dwarfing other whistleblowers’ payouts, and setting a record for the largest one against a single defendant.

Three individuals and a small New Jersey mortgage company (Mortgage Now) will share the spoils. Mortgage Now will receive $8.5 million for its part in exposing the fraud of issuing high-risk mortgages and calling them safe. Robert Madsen, a former employee with a property appraisal company owned by Bank of America, will get

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Snakes, Beer cans and the Ebola Scare

When Dallas County Judge Clay Jenkins learned that, for all intents and purposes, the Ebola virus scare has ended, he said:

I’ve seen and heard of horses spooked by a snake and go running and that’s probably a really good idea if you’re a horse.

I’ve seen and heard of horses spooked by a beer can. And beer cans don’t usually attack horses very often. So there’s not much reason for running from a beer can.

This [Ebola scare] is more of a beer can than a snake.

With Monday’s announcement by the World Health Organization that Nigeria is now officially free of Ebola infections, followed by the announcement that same day that

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The Keystone Pipeline Delay: Killing People; Saving the Environment

This article first appeared at The McAlvany Intelligence Advisor on Monday, October 20, 2014:

Some contend that the Keystone pipeline delay is having consequences that were intended from the beginning. Others contend that those urging the president to delay approval of Keystone weren’t smart enough to anticipate the negative consequences that delay is having.

But there they are, nevertheless. In an ironic coincidence, the Manhattan Institute published its report claiming that pipelines are far safer for the transportation of oil and gas than railroads in June 2013, the same month of the tragic

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Fed Transcripts from 2008 Reveal Experts to be Clueless and Confused

English: President Barack Obama confers with F...

President Barack Obama confers with Federal Reserve Chairman Ben Bernanke following their meeting at the White House. (Photo credit: Wikipedia)

Followers of the Fed have carefully analyzed the 1,865 pages of transcripts it released in February of its eight regularly scheduled meetings and six emergency meetings in 2008 and have concluded that these experts were clueless and unaware of the opening economic abyss yawning before them. Even the New York Times was forced to admit, following its review of the documents, that

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Stage Being set for Connecticut Confrontation

Speculation about how the state of Connecticut would respond to the thousands, perhaps tens of thousands, of gun owners who failed to register their firearms by December 31st ended when the state police sent out this letter dated January 2, 2014 to

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Monsanto Gets no Love

This article was first published at The McAlvany Intelligence Advisor on Friday, August 23rd, 2013:

On Wednesday, Insider Monkey, the service from Stocknomics that tracks insider trades and hedge fund activity, said that “the constant drama over GMOs (genetically modified organisms) seems to be hitting the newswires daily … [and] some hedge funds want nothing to do with Monsanto…. Monsanto Company (NYSE: MON) has experienced declining interest from the entirety of the hedge funds we track.” It added:

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Is There an Agenda Behind an Insurance Company’s Unwillingness to Insure Schools with Armed Teachers?

This article first appeared at the McAlvany Intelligence Advisor on Monday, June 24th, 2013:

 

When Bernie Zalaznik, the Resident Vice President of the Wichita Branch Office of EMC Insurance Companies sent a letter to Kansas school districts on May 15th, just two weeks before Kansas Law 2052 takes effect, alarm bells went off. The letter said:

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Slowing Economy Confirmed

The report from Automatic Data Processing (ADP) on Wednesday morning surprised economists once again by coming in substantially below their expectations. The 135,000 new private sector jobs created in May were way below the

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Portland, Oregon, Votes Down a Plan to Fluoridate its Water, Again

For the fourth time since the 1950s, voters in Portland, Oregon, known for its embrace of progressive values, last week voted down a plan passed by the city commission to fluoride its water. A local paper tried to make sense of it all:

For people used to thinking of Portland as the earnestly quirky liberal oasis portrayed in Portlandia and the style pages of The New York Times, the idea that Oregon’s largest city agrees with the conspiracy-minded John Birch Society about dosing citizens with fluoride may seem odd. But on Tuesday,

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2020 Bob Adelmann