The big banks are laughing all the way to the bank after reappointing Bernanke.
Says ” no evidence that if these firms failed the world would have collapsed “, this said in reference to the big brokers and banks that were bailed out.
reposted here by Francisco Martinez www.forextradingbank.com and www.roustech.com
The tax on banks proposed by Washington guarantees Wall Street $US 4 trillion which means top banks will keep playing the same game in the future, economic trend forecaster Gerald Celente warned.
Goldman Sachs is nothing more than a big hedge fund, period and paragraph. If they went under people dont have go to the ATM machine to get their money out of the Goldman Sachs bank, they do not have Goldman Sachs cheques, they are just fronting for Wall Street and all Wall Street is doing is gambling and their risks are covered by the American taxpayer, said Celente.
America was at its greatest when it was not about Wall Street but Main Street; when it was not about the Walmart but moms and pops and community; when it was not about factory farms but family farms. Everything in America has gone corporate, grieved the forecaster.
Celente concluded by saying, the merger of state and corporate powers, according to Mussolini, who knew a thing or two about it, is called fascism and fascism is coming to America.
Reposted here by Francisco Martinez www.RousTech.com Risk management services and software for Banks and Broker or Forex using MT4. Rous Mam and ECN Bridge.
Reuters reports that Cantor Fitzgerald CEO Howard Lutnick has been talking whilst at Davos about the opportunities for firms like his to clean up recruitment-wise by taking advantage of the concerns many employees now have working for a large US firm.
Lutnick, who confirmed that Cantor was looking to hire up to 350 in its investment banking operations this year, said: ‘We think we will be very well positioned for it and (will) continue our very rapid growth. It improves the business, because we’re hiring all the time and growing all the time. People who are afraid of sticking at banks – it is an opportunity for us to hire some unbelievably talented people’.
For the rest of the story please go to : Here In The City
reposted here by Francisco www.roustech.com MT4 Risk Management Solutions.
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The FED Leadership is appointed, we don’t get to vote for them. So who is held responsible? Who did they give the money too? Tax payers have to pay back the FED for their bailing out their favorite institutions and they are telling us that they don’t have to tell us who they helped with money that we have to pay back?
The Young Turks Here
Reposted here by Francisco www.roustech.com. mt4 bridge, mam and dealing desk service solutions.
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This is a video from December 2009.reposted here by Francisco www.roustech.com MT4 Bridge and MT4 MAM Software.
Please also check our Dealing Desk Management Services
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The People’s Bank of China, in a statement published on its official website, said that country’s foreign exchange reserve reported a growth of 23.3 per cent and stood at a record US$2.399 trillion by December end. Forex reserve was at US$2.27 trillion by the end of September last year.
China’s foreign exchange reserve continued to rise in recent years due to large scale investments and trading activities despite the adverse impact of global slowdown. The market got good supply of hot money-the short term investment mode in which investors prefer to invest for short term economic gains.
Tom Orlik, an analyst with Stone & McCarthy Research Associates in Beijing, claimed that the country got around $105 billion hot money in 2009.
Meanwhile, export segment of the country, the key driver of forex reserve, recorded a growth of 17.7 per cent in December after falling for 13 consecutive months. China surpassed Europe’s biggest economy in November for becoming the world’s largest exporting nation.
China, according to its western trading partners, intentionally keeps the Yuan’s value low for increasing its export.
reposted here from http://topnews.com.sg/content/2837-china-s-forex-reserves-soars-us2399-trillion
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I found this video in doing a internet search about something totally unrelated but it is very interesting.
Bjørn Lomborg of the Copenhagen Consensus argues that the environment is not where we should be spending our money. He tells us what we should focus on instead.
Posted here by Francisco Martinez www.roustech.com
UBS CEO Oswald Gruebel has written a ‘Panditesque’ memo to his staff, attempting to rally the troops for the good fight ahead.
‘Dear colleagues,
I hope the New Year brings you health, optimism and personal happiness. Exciting times lie ahead of us. Our vision is to make UBS the choice of clients worldwide. It’s time now for us to turn that vision into reality.
Our business is built on strong relationships based on mutual respect for our clients, our shareholders and our business environment in general. Close, strong relationships are essential to understanding what motivates our clients, recognizing their needs and offering them the right solutions. This is what the new UBS must stand for. If we accomplish this, we will continually create added value.
Click Here for the rest of the memo
