South America

Content originally published at iBankCoin.com

Was recently installed White House Chief of Staff John Kelly's stance on human trafficking and drug cartels a factor in President Trump's decision to promote the man originally picked to head up Homeland Security?

In a revealing 2014 interview, the retired 4-star US Marine Corps general told PRISM magazine that the 'most concerning' threat facing the United States comes from international criminal networks trafficking in drugs and sex workers:

Population growth is responsible for the majority of GDP growth...so a downturn in population growth matters...particularly when population growth shifts from wealthy or developing nations to the poorest.  I'm not describing something that may happen in the future...I'm describing what has already happened that is continuing to send progressively larger tsunamis swamping the world economy and has the central bankers doing everything and anything to try to sustain the unsustainable.

The hyperinflationary-hell in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions (amid President Maduro's attempts to rewrite the constition to maintain his grip on power) take their toll on the economy.

Brexit negotiations officially began three weeks ago, and whether the UK will retain access to the European Union’s single financial market once they’re over is unknown. Yet that hasn’t stopped regulators on the Continent from taking a swipe at more than a trillion euros in assets, and thousands of well-paying finance jobs required to manage them, that they think belong on the other side of the English Channel.

Mark Kiesel probably isn't the first name that springs to mind when Pimco's investment strategies are being discussed.  That honor, ironically, still resides with Bill Gross even though he departed the firm for Janus over 3 years ago.