You Are Here: Home » Original Articles » Kenneth Schortgen Jr. (Page 6)

Kenneth Schortgen Jr.

Scotland mulls calling for new independence referendum so they can stay in the EU when Britain exits

A few years ago, Scotland became center stage in world news as they issued a national referendum to decide on whether to stay under the control of Britain, or claim independence as a sovereign state.  And while the vote failed to pass due to the fact that many too people in Scotland are reliant upon British welfare to sustain their lifestyles, the advent of Brexit is leading some political parties to mull o ...

Read more

Barclay’s dumps 7000 investment clients because they don’t do enough trades and pay enough fees

Over the past eight years, and in particular over the last two, most equity trading in the stock markets has been done by high frequency trading computers, corporations buying back their own stock, and the institutions themselves who are using cheap borrowed money to bring the stock markets to all-time highs.  And because of this trend, banks such as Barclay's are summarily dumping retail clients because th ...

Read more

Is Christine Lagarde’s conviction a Kahn job to force her out of the IMF?

On Dec. 19 a French court convicted IMF chief Christine Lagarde of negligence while serving in the office of Finance Minister eight years ago.  However, the court also ruled that she would not receive any real punishment, jail time, or fines for this conviction. Interestingly, this scenario is looking eerily similar to what happened to the former head of the IMF, Dominique Strauss-Kahn, who was setup with a ...

Read more

CoCo bonds, debt for equity swaps, and now Italy’s Monte Dei Paschi bank is having to sell shares to avoid insolvency

As the new market week begins over in Asia and Europe, Italy's insolvent banking system continues to spiral downward.  And where last week the world's oldest bank was trying to convince 2nd tier debt holders to exchange their bonds for equity in the bank, on Dec. 19 Monte Dei Paschi is preparing to push their share price down even further by issuing and selling new shares to try to completely avoid bankrupt ...

Read more

Is Italian bank Monte Die Paschi issung a voluntary debt to equity swap for their CoCo bonds?

Ever since the 2008 global financial crisis, banks and central banks have implemented several new and some would say insane monetary instruments to try to both keep the system afloat, and also to allow banks from having to stop the financial schemes which helped create the crisis in the first place.  From negative interest rates, direct monetization of debt, and even talk of banning cash, the processes inst ...

Read more

China going full bore in a gambit to wean the world off the dollar

Last week while the United States was saturated with stories about fake 'Russian hacks', a fake Constitutional crisis regarding the potential of 'faithless electors', and the fake euphoria of Dow 20,000, China had signed new agreements with seven countries to facilitate them conducting bi-lateral trade outside the dollar.  And what makes this news extremely important is that there are now 23 economies that ...

Read more

Common core proves to be an utter failure as U.S. kids now rank 31st out of 35 developed nations in math proficiency

For hundreds of years memorization was not only the best way for children to learn basic math skills, but it was also the standard used around the world.  Yet when academic theorists decided that introducing a convoluted method for problem solving into the American school system would be a much better way of solving mathematical equations, the results have been less than stellar. In fact in a new report out ...

Read more

Dollar soars to 14 year high following the Fed’s rate hike as the Euro is now just 400 bps from parity

On Dec. 15 the dollar took another leg up to cross 103 on the index, securing its highest level in 14 years.  And this move comes one day after the Federal Reserve hiked the Fed funds rate by .25 bps for only the second time in the last decade. The dollar had actually been below 101 prior to yesterday's Fed announcement and has risen over 300 bps in less than 24 hours.  And this rapid move has now caused th ...

Read more

Iran looking to forge even stronger ties with Russia as they finalize a trade agreement with the EEU

With Russia already having strong ties to the Shiite sect of Islam through their military pact with Syria, it is only natural that Iran would also find them a willing ally within the divided Middle East.  And with the work they have already done together in building Iran's nuclear facilities, Tehran is now looking to increase that partnership by forging a trade agreement with the Eurasian Economic Union (EE ...

Read more

Nobel prize winning economist joins Euro architect in declaring the currency a mistake and failure

On Dec. 12, Nobel Prize-winning economist Oliver Hart told European media source Euractiv that the Euro currency, as well as forcing 28 different homogeneous states into a centralized union, was a mistake and that the only real solution was to get rid of the currency and move authority out of Brussels and back to their original sovereigns. The foundation behind Britain's regaining of their sovereign power f ...

Read more

Sorry MSM but most Presidents, including the Founding Fathers, ran their businesses while being President

The Mainstream Media, or rather the outed propaganda arm of the establishment, is trying to vilify Donald Trump as participating in a conflict of interest by keeping control over some or all of his business ventures while preparing to take over the highest office in government.  Yet a simple look at our former Presidents shows that many of them not only kept a modicum of control over their businesses and pr ...

Read more

Italy not only seeks to end sanctions with Russia but they are also pursuing economic ties with the EEU

With the Italian Referendum and resignation of Premier Matteo Renzi now a done deal as of last week, the real battle for Italy's future is about to begin.  And besides the potential for a complete ideological shift in who takes over the government in the coming months, one area that remains uncertain is what will Italy do regarding their economy, their use of the Euro currency, and their future standing in ...

Read more

© 2012 Secrets of the Fed