Business

The company responsible for security at the World Trade Center buildings (Stratesec) before the 9/11 attacks held meetings prior to the attacks in offices leased by Saudi Arabia.  The Securities and Exchange Commission suspected Stratesec’s CEO, Wirt D. Walker, of 9/11 insider trading – yet no investigation was made into the security firm or its links to Saudi Arabia. Washingtonsblog.com reports: Despite that documented suspicion and the SEC’s call for FBI investigation of Walker’s trades, neither the FBI nor the 9/11 Commission questioned Walker at all.

Harvard economist and global elitist Larry Summers has demanded that the U.S. government “go after big money” by banning the $100 dollar bill in a move to completely get rid of cash from circulation.  The former U.S. Treasury secretary and chief economist of the World Bank outlined the plans for a cashless society in a recent op-ed for the Washington Post, calling for the ban on 500 euro and $100 dollar bills to begin with.

There was some good and some bad news in tonight's Chinese March inflation (and deflation in the case of PPI) data.

The good news, for those who believe that rising inflation is a positive economic outcome, was that Producer Prices declined "only" 4.3% Y/Y, or less than the -4.6% exoected, and better than the -4.9% drop last month. On a sequential basis, PPI rose by 0.5% on the back of various commodity input prices posting a modest increase in the past month on the back of China's epic January loan injection.

One of the more significant, if largely underreported events from last Friday, was the Fed's surprising announcement that it would conduct a closed meeting tomorrow, April 11, at 11:30am "under expedited procedures" during which the Board of Governors will review and determine advance and discount rates charged by the Fed banks.

This is notable because the last time such a meeting took place was on November 21, less then a month before the Fed's historic first rate hike in years.

Submitted by Mac Slabo of SHFTPlan.com

CEO Keith Neumeyer Warns: "There’s Going To Be a Major Revolt… We’re Going To See Riots"

With negative interest rates now the order of the day in much of the Western world, it’s only a matter of time before financial institutions start charging American depositors for the privilege of keeping their money safe in the U.S. banking system.