index

Trends This Week – Behind and beyond the Brexit vote – 06.29.16

Although stocks bounced back on “Turnaround Tuesday” on the belief that contagion has been contained following the rout that wiped out $3.6 trillion from equity markets following Great Britain’s referendum last Thursday to “Brexit” the European Union… we disagree. It’s bigger than Brexit. Despite many of the world’s largest hedge funds betting billions on a “Remain” victory and British bookies putting the chances of “Leave” at barely 10 percent, in our June 15 Trend Alert, we wrote, “Should the ‘Leave’ vote win, we forecast the US dollar and gold prices will spike while equity markets, particularly those currently under downward pressure, will sink deeply lower.” Since then, gold hit two-year highs, the British pound fell to 31-year lows and currencies around the world hit new lows against the US dollar – or tested old ones – as investors sought safe-haven assets such as the dollar and Japanese yen.
The criticism in the “investor” world has long been that gold yields no interest. However, as interest rates around the world keep trending lower and holding cash yields nothing, in a climate of ongoing market volatility, for many, holding gold is considered the ultimate safe-haven commodity.

index

Leid Stories – The Clinton Foundation A ‘Complete Fraud,’ Says Banker-Investor Who Blew the Whistle on GE Stock Scam – 05.23.16

Charles K. Ortel, a former Wall Street banker and investor, blew the whistle on General Electric in 2007-2008, after tearing its financial reports apart and finding the conglomerate had been lying to its investors, fraudulently overvaluing its stock by hundreds of millions of dollars.

Fifteen months ago, Ortel began looking forensically at the Bill, Hillary & Chelsea Clinton Foundation—a politically connected philanthropic conglomerate with multiple related entities, global interests and highly questionable fundraising practices. Like GE, he said, its financials were telling as very different stories from those it “officially” reported.

In an exclusive, no-holds-barred interview, Ortel again blows the whistle. What he has discovered about the Clintons’ foundation is that it is “a complete fraud,” he alleges.