Business

Submitted by Gordon T. Long of the Financial Repression Authority

Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act

It wasn’t a big surprise for the financial markets to see the Federal Reserve hike the interest rate by 0.25% last week, and the stock market moved swiftly higher on the back of this announcement which has removed some uncertainty.

Source: propertyobserver.com.au

For years I have been writing about how our government has been hijacked from the people and how special interests have been manipulating the media to fulfill the agenda of the Military Industrial Complex. You can call it the Military Industrial Corporate Complex or any new-age nuance, but it is still the thing that Dwight President David Eisenhower described in his last addresses to the nationm

"They just won't let the scales balance... it is a rampant narcissistic megalomania that somehow some guy in a air-conditioned office can best repliacte the free market and centrally plan our affairs... Their starry-eyed pollyanna-ish do-goodery never seems to pan out."

As those who frequent these pages are no doubt aware, NPLs at Chinese banks are rising.

Here’s a kind of 30,000 -foot view from RBS’ Alberto Gallo: