Money Archives

Fraud Investigator Accuses General Electric of Hiding $38-Billion in Liabilities. GE Says the Accusation Is A Fraud to Game Stock Prices

August 20, 2019 Reuters 1

Markopolos’ report indicates that GE is locked into $38-billion in future expenses that it has not disclosed, which is over 40% of the company’s market capitalization. The company says the report itself is fraud because it was designed to plunge the price of GE stock so insiders could buy cheap and sell high later.

Marianne Williamson Releases $500 Billion Reparations Plan for Descendants of African Slaves in the US

August 9, 2019 Breitbart 4

She said that offering less than $100 billion is an insult. She claims that the wealth gap between blacks and whites is a “great injustice that has never been dealt with.”

AOC’s Chief of Staff, Saikat Chakrabarti, Has Come under Investigation for Possible Illegal Handling of more than $1-million in Campaign Donations – And He Has Resigned

August 6, 2019 NY Post 2

Saikat Chakrabarti, the mastermind behind AOC’s campaign and Green New Deal, resigned as her chief of staff at the same time as coming under federal investigation. Two PACs are being probed, Brand New Congress and Justice Democrats, both set up to support Marxist candidates.

Judge Orders Oberlin College to Post $36-Million Bond Because It Refuses to Pay Defamed Bakery

July 31, 2019 The College Fix 2

The school plans to appeal the judgement, and raised doubts it could pay the sizable judgement three years from now, as it has $190-million of existing debt.

Philadelphia: US Authorities Seize 20 Tons Of Cocaine Worth $1.3 Billion From Ship Owned By the JP Morgan Bank

July 14, 2019 Forbes 2

Last month, a ship owned by JP Morgan’s asset management unit was seized with almost 20 tons of cocaine that has a street value of $1.3 billion. Six crew members from Serbia and Samoa were arrested.

Kamala Harris Proposes $100 Billion Grant to Help Black Families Become Home Owners

July 9, 2019 Fox News 5

Harris’ bill would loosen credit standards with the goal of creating more home loans, which is similar to the subprime loan policy that tanked the US economy in 2008.

Computer Hackers Target Cities with Outdated Infrastructure for Bribe Payments After Shutting Down Systems

June 30, 2019 ZeroHedge 2

Attackers are going after both companies and cities by exploiting vulnerabilities via malicious email attachments and demanding payments for decryption keys. In early June, Baltimore rejected a $76,000 ransom, and the damage will instead cost the city about $18 million in IT costs and lost revenue.

Europe Announces New Trade Payment System, Instex, to Work Around Trump’s Sanctions Against Iran

June 30, 2019 ZeroHedge 1

Europe announced that Instex, a special trade channel that circumvents SWIFT, is operational and will be used by Europe to buy Iranian goods, and vice-versa, without actual money-transfers between banks. Critics worry that Trump could retaliate with sanctions against European banks.

Every Democrat on Stage at the Second Night of Debates Says Illegal Aliens Should Get Health Insurance. The $32 Trillion Cost for ‘Medicare for All’ Is Wildly Underestimated – Before Adding 11 Million Migrants.

June 28, 2019 Washington Examiner 1

Bernie Sanders’ ‘Medicare for All’ plan is based on current Medicare rates, and the pay cuts would force hospitals to close, or the estimate will go way up, by perhaps 50 or 100%.

Bank of America Cuts Business with Illegal Immigrant Holding Facilities for Illegal Immigrants and Private Prisons

June 27, 2019 Washington Post 2

Bank of America announced it will stop lending to migrant detention centers and private prisons to avoid public backlash, following similar moves by JP Morgan Chase, Wells Fargo and the US Bank.

Study Claims 40,000 Venezuelans Dead as a Result of US Sanctions that Have Increased Under Trump

June 25, 2019 The Libertarian Institute 0

The study highlights that sanctions are an act of war with lethal consequences that affect civilians, despite being presented as a humane alternative to armed combat.

Facebook Plans to Launch New ‘Libra’ Cryptocurrency, Backed by 28 Companies, Including VISA, MasterCard and PayPal

June 20, 2019 Breitbart 3

The goal of the new cryptocurrency is to create a new payment system for purchases on Facebook and across the Internet, as Facebook has 2.4 billion members who are active each month. There are reports that the investors will have full access to Facebook users’ financial data.