YOU HAVE BEEN WARNED: The Situation In The Markets Is Much Worse Than You Realize

It’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying ‘wolf’ for the past several years, in all honesty, the public has no idea just how dire our present situation has become.
The amount of debt, leverage, deceit, corruption, and fraud in the economic markets, financial system, and in the energy industry are off the charts. Unfortunately, the present condition is even much worse when we consider ‘INSIDER INFORMATION.’
What do I mean by insider information… I will explain that in a minute. However, I receive a lot of comments on my site and emails stating that the U. S. Dollar is A-okay and our domestic oil industry will continue pumping out cheap oil for quite some time. They say… ‘No need to worry. Business, as usual, will continue for the next 2-3 decades.’
I really wish that were true. Believe me, when I say this, I am not rooting for a collapse or breakdown of our economic and financial markets. However, the information, data, and facts that I have come across suggest that the U. S. and global economy will hit a brick wall within the next few years.
How I Acquire My Information, Data & Facts
To put out the original information in my articles and reports, I spend a great deal of time researching the internet on official websites, alternative media outlets, and various blogs. Some of the blogs that I read, I find more interesting information in the comment section than in the article. For example, the Peakoilbarrel.com site is visited by a lot of engineers and geologists in the oil and gas industry. Their comments provide important ‘on-hands insight’ in the energy sector not found on the Mainstream Media.

This post was published at SRSrocco Report on SEPTEMBER 9, 2017.

Has Super Mario Draghi Met His Match?

And this might become a problem for the Fed.
ECB President Mario Draghi wields more power than just about any other public official in Europe, perhaps even including Angela Merkel. The organization he heads not only controls the monetary policy levers of the entire Eurozone, it also supervises the region’s 130 biggest banks. As we’ve seen in recent weeks, it even has the power to decide which of Europe’s struggling banks get to live and which don’t.
Yet it is answerable to virtually no one. Until now.
Emily O’Reilly, the EU Ombudsman, an arbiter for the public’s complaints about EU-institutions, has just sent Draghi a letter asking him to explain his role in the potentially compromising Group of Thirty (G30) and how he makes sure that he does not divulge insider information or runs into conflicts of interest. The tenor, tone and direction of O’Reilly’s inquiries make it clear that she means business.
The Washington-based G30 was founded in the late seventies at the initiative of the Rockefeller Foundation, which also provided start-up funding for the organization. Its current membership reads like a Who’s Who of the world of global finance. It includes current and former central bankers, many of whom now work or worked in the past for major financial corporations, such as:

This post was published at Wolf Street on Jul 10, 2017.

David Rockefeller Dead – Insider Info – Prepare Now The Collapse Is Coming

The following video was published by FullSpectrumSurvival on Mar 20, 2017
News broke that David Rockefeller has died. I received a call with insider information that we may see a change in the near future of our economy. Will that happen? We are in stage 1 of the collapse – What brings us to stage 2 and 3 is anyone’s guess.

Mother of all Shorts: How BlackRock Made a Killing from Spain’s Biggest Ever Corporate Meltdown

Hiring the former CEO and then shorting the shares.
In a somewhat surprising decision, Spain’s High Court said on Friday that it would investigate allegations against two former executives of renewable-energy giant Abengoa, which days earlier had filed for preliminary bankruptcy protection. Some of the creditors had filed claims against former Chairman Felipe Benjumea and former CEO Manuel Sanchez Ortega. In Snchez Ortega’s case, they alleged that he’d shared insider information with his new employer, the world’s biggest investment fund, BlackRock, that then massively profited from this information.
The Big Short
Snchez Ortega resigned from Seville-based Abengoa in May this year, walking away with a tidy severance package, a sweet deal for the man who helped sow the seeds of the company’s demise. At the time it was already common knowledge that Abengoa was having financial difficulties; what was not common knowledge was just how serious those difficulties were.
No one had a better idea of the true state of Abengoa’s finances than Snchez Ortega. Within weeks of leaving the company, allegedly due to heart problems, Sanchez Ortega joined BlackRock as head of strategic development as well as head of the firm’s Latin American infrastructure group. Apparently his role is wholly unrelated to funds trading Abengoa’s securities; it’s pure happenstance that just over a month after Sanchez Ortega’s appointment, BlackRock placed a not insignificant short position – more than 1% of its working capital – against the Spanish firm.
Since that time the company’s short position has waxed and waned while Abengoa’s share price has collapsed 80%. In other words, BlackRock has made untold millions from Abengoa’s fall. What’s more, as one of the world’s most influential market movers, BlackRock’s big short position helped accelerate the Spanish firm’s decline.

This post was published at Wolf Street on December 21, 2015.

Mother of all Shorts? How BlackRock Made a Killing from Spain’s Biggest Ever Corporate Bankruptcy

Hiring the former CEO and then shorting the shares.
In a somewhat surprising decision, Spain’s High Court said on Friday that it would investigate allegations against two former executives of renewable-energy giant Abengoa, which days earlier had filed for preliminary bankruptcy protection. Some of the creditors had filed claims against former Chairman Felipe Benjumea and former CEO Manuel Sanchez Ortega. In Snchez Ortega’s case, they alleged that he’d shared insider information with his new employer, the world’s biggest investment fund, BlackRock, that then massively profited from this information.
The Big Short
Snchez Ortega resigned from Seville-based Abengoa in May this year, walking away with a tidy severance package, a sweet deal for the man who helped sow the seeds of the company’s demise. At the time it was already common knowledge that Abengoa was having financial difficulties; what was not common knowledge was just how serious those difficulties were.
No one had a better idea of the true state of Abengoa’s finances than Snchez Ortega. Within weeks of leaving the company, allegedly due to heart problems, Sanchez Ortega joined BlackRock as head of strategic development as well as head of the firm’s Latin American infrastructure group. Apparently his role is wholly unrelated to funds trading Abengoa’s securities; it’s pure happenstance that just over a month after Sanchez Ortega’s appointment, BlackRock placed a not insignificant short position – more than 1% of its working capital – against the Spanish firm.

This post was published at Wolf Street by Don Quijones ‘ December 21, 2015.

A Modern – Day Shoeshine Boy Moment

The Original Anecdote
There is a well-known – though likely apocryphal – anecdote from the end of the roaring 20s. It involves Joseph P. Kennedy, US ambassador to the UK from the late 1930s to mid 1940s. Before he entered the civil service and politics, he had made a name (and a fortune) for himself as a businessman and investor. On Wall Street heinter alia ran the Libby-Owens-Ford stock pool with a number of Irishmen, a loose association of investors pooling their resources and dedicated to manipulating the hell out of Libby-Owens-Ford stock by deftly using insider information to their advantage.
Today he would be deemed a criminal, but at the time his activities on the stock exchange were perfectly legal and he was widely admired for being a wily operator. Rightly so, we should add.

This post was published at Acting-Man on August 21, 2015.

Crony Congress

Did you know 47% of Congress members are millionaires?  And while in office they have all kinds of advantages to make them even richer while they’re in office:

  • Access to private information prior to key activities that make them money in the stock market
  • Earmarks placed in law codes to support their personal projects
  • Support for lobbies ensures they have cushy jobs after their “public service” is finished