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The Big Short's Michael Burry Made $270 Million Betting On GameStop

Michael Burry, the hedge fund manager portrayed by Christian Bale in The Big Short, has made a fortune on GameStop's stock after holding it for years. Instead of shorting a stock this time, he played the long game and managed to make an incredible amount of money.

Feb 06, 2021 by Eddie Makuch - Gamespot
Finance News
IMF Calls for Credit Score to be Tied to Internet Search History

In a blog post courtesy of the International Monetary Fund, IMF researchers Arnoud Boot, Peter Hoffmann, Luc Laeven, and Lev Ratnovski called for internet search history to be tied to credit score.

Feb 06, 2021 by Justin Fitzgerald - RealityCircuit
Tech News
The Rise and Fall of Bitcoin Billionaire Arthur Hayes

The BitMEX cofounder created a cryptocurrency exchange that has traded trillions. Now he's wanted by U.S. authorities, and insiders wonder whether he and his partners are villains-or victims of a two-tiered justice system that favors big banks over brash outsiders.

Feb 06, 2021 by Adam Ciralsky - Vanity Fair
Crypto Blogs
Robinhood Hit With Class-Action Lawsuit After Shutting Down Trading For GME, AMC

Markets were sent into yet another frenzy of activity today as hundreds of thousands of Robinhood and TD Ameritrade (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks) users woke up to find these brokers were no longer allowing any further trades on GameStop ($GME), as well as other notable 'meme' stocks like AMC ($AMC), BlackBerry ($BB), and Nokia ($NOK) as well as cryptocurrency Dogecoin which also started to take off late last night (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks).

Jan 28, 2021 by eBaum's World
Finance News
Reddit Trolls Beat the Stock Market, and the Elites Are Really, Really Mad

This is one of those stories that's so good that you have to double check it's not parody. The talk of the stock market right now involves GameStop (among other stocks) and a group of Reddit users that decided to play Wall Street's own game against them.

Jan 28, 2021 by Bonchie - RedState
Finance News
Wealthy Sweet'N Low magnate Donald Tober leaps to his death from NYC apartment

Donald Tober, CEO and co-owner of the New York-based Sugar Foods, leapt to his death just after 5 a.m., and was found in the courtyard of the luxury, Upper East Side building between 65th and 66th streets, the sources said.

Jan 20, 2021 by New York Post
Finance News
EU at risk of implosion as Bundesbank's 'plan to print Deutsche Marks' exposed

Ten years after the financial crisis, Europe's economy achieved a recovery, but not a revival. Low inflation, low interest rates and low growth were the new normal across the continent. Then, the coronavirus pandemic hit, causing incredible damage to the economies of numerous countries.

Jan 17, 2021 by Martina Bet
World News
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars

The amount of "currency in circulation" - the paper dollars wadded up in people's pockets and purses, stuffed under mattresses, or packed into suitcases and safes overseas - jumped again in the week ended December 30 to a new record of $2.09 trillion, according to the Federal Reserve's balance sheet, where currency in circulation is a liability, not an asset.

Jan 12, 2021 by Wold Richter - Wolf Street
World News
Stripe stops processing payments for Trump campaign website

Stripe Inc. will no longer process payments for President Trump's campaign website following last week's riot at the Capitol, according to people familiar with the matter. The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including Mr. Trump's campaign website and online fundraising apparatus.

Jan 11, 2021 by Fox Business
Tech News
Queen's 2020 Christmas Speech: "The Great Reset Is An Evil We Ignore At Our Peril"

In an impromptu, unscripted moment, the Queen said, "One cannot over emphasise just how diabolical these evil doers are. They do not hold the light of God within them," according to BBC production staff. The Queen warned her subjects that world leaders are secretly pursuing the 'Great Reset' in order to create a "dark new dawn" for humanity.

Jan 08, 2021 by Alan Smithee - Your News Wire
World News
Coinbase to Suspend XRP Trading on Jan 19 Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission sued Ripple Labs in regards to last week claiming it is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading "will move into limit only," Coinbase wrote.

Dec 29, 2020 by Nikhilesh De, Zack Seward and Lawrence Lewitinn Nikhilesh De, Zack Seward and Lawrence Lewitinn - Yahoo News
Crypto News
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering

FOR IMMEDIATE RELEASE 2020-338 The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.

Dec 29, 2020 by US Securities & Exchange Commission
Crypto News
Miami mayor calls Bitcoin 'stable investment' during unstable year

Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin ( BTC), offering more evidence that mainstream adoption is growing. In a Thursday tweet, Suarez called Bitcoin a "stable investment" during an "incredibly unstable year," adding that he's learning about the flagship digital asset through figures like Tyler Winklevoss and Anthony Pompliano.

Dec 29, 2020 by Cointelegraph
Crypto News
CHINA MITCH: McConnell Has Family Ties to Bank of China, Top Chinese Shipping Firm

McConnell's familial link to Chao family's Foremost shipping company, Chinese State Shipbuilding corporation, and Bank of China resurface after Kentucky senator's declaration of victory for Joe Biden

Dec 29, 2020 by Gabriel Keane - National File
World News
Mystery of $2bn of loans backed by fake gold in China

More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses. Kingold is the largest privately owned gold processor in central China's Hubei province.

Dec 14, 2020 by Nikkei Asia
Finance Blogs
BofA: Central Banks Are Buying $1.3 Billion In Assets Every Hour, Creating A "Frankenbull" Market

One week after BofA CIO Michael Hartnett issued a "code red" for stocks after publishing a report in which he showed that while current market euphoria has surpassed dot com levels, what was going now is absolutely staggering and it's only getting crazier with each passing day and new all

Dec 13, 2020 by ZeroHedge
Finance News
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF

The CARES Act was signed into law on March 27. Congress earmarked $454 billion of that stimulus money to be distributed by the Treasury to the Federal Reserve to be used for emergency lending programs to save businesses and jobs during the pandemic and keep credit flowing to the U.S.

Dec 03, 2020 by Wallstreet On Parade
Finance News
Elon Musk overtakes Bill Gates to become world's second-richest person

By Devon Pendleton Normal text size Larger text size Very large text size Elon Musk's year of dizzying ascents hit a new apex on Monday (US time) as the Tesla co-founder passed Bill Gates to become the world's second-richest person.

Nov 25, 2020 by Devon Pendleton - Sydney Morning Herald
World News
Investors Go "All-In" Without A Safety Net

Authored by Lance Roberts via RealInvestmentAdvice.com, We have recently written a couple of posts about the "exuberance" that has invaded the market since the election. Such is often seen near short- to intermediate-term peaks in markets as investors go "all-in" without a net.

Nov 25, 2020 by Zero Hedge
Finance News
Renewable Froth: Memories of the Dot-com Boom

Party like it's 1999... "There's nothing in this world, which will so violently distort a man's judgment more than the sight of his neighbor getting rich," JP Morgan, After the Panic of 1907 Peak Price to Sales Ratio Tech in 2000 CSCO Cisco: 31x QCOM Qualcomm: 29x MSFT Microsoft: 25x INTC Intel: 14x Renewables in 2020 PLUG Plug Power: 52x NIO Nio Inc: 30x ENPH Enphase Energy: 29x TSLA Tesla: 19x Renewable froth, memories of the dot-com boom.

Dec 29, 2020 by Luke Palmer - The Bear Traps Report
Finance News
The 2021 Liquidity Supernova: Step Aside Fed - US Treasury Will Unleash $1.3 Trillion In Liquidity

One of the most poignant (and painful to some) lessons of the past decade - especially to contrarian, bearish investors such as Odey and Horseman - is that the Fed can keep print money far longer than any short can remain solvent.

Dec 02, 2020 by Zero Hedge
Finance News
COVID19: Planned by the World Bank & WHO

Published on Written by John O'Sullivan Pandemic analyst, Silviu Costinescu, provides detailed documentary and video evidence to substantiate the claim that the pandemic is a 'SIMEX' - Planned Simulation Exercise - being implemented on us by a global elite. The intent?

Oct 08, 2020 by Principia Scientific Intl.
Finance News
The Real Reason Trump Merged The US Treasury With The Federal Reserve

In March, Yahoo was the first to report about the merging of the Federal Reserve and The US Treasury. "The Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc.

Aug 31, 2020 by James Carner - Take Oregon Back
Finance News


Finance Articles Go to All Finance
The Politically Correct but False Economics
Finance Articles · May 09, 2019 by Tectract

Gordon Gekko: Stop telling lies about me and I'll stop telling the truth about you. Wall Street: Money Never Sleeps (2010) Scams and rackets, hoaxes and frauds ... are as old as humanity itself. The Federal Trade Commission estimates that over 25 million Americans lose in excess of $2.5 billion to fraud each year.


tags: #central-banking #scam #economics

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Finance News Go to All Finance
California sent unemployment benefits to 20,000 prisoners, including notorious killers
Finance News · Nov 25, 2020 by Associated Press

SACRAMENTO, Calif. - California's system for paying unemployment benefits is so dysfunctional that the state approved more than $140 million for at least 35,000 prisoners, prosecutors said Tuesday, detailing a scheme that resulted in payouts in the names of well-known convicted murderers like Scott Peterson and Cary Stayner.

In some cases, inmates used their real names. In others, they used fake names and even fake Social Security numbers. In one instance, an inmate used the name: “poopy britches,” Schubert said.


tags: #crime #murder #fraud #political #general-news #national #public-security #legal-action #article_normal #n-a #political-general-news #child-abuse #national-public-security #society-community #crime-legal-action #law-enforcement #murder-manslaughter #prisons-prisoners #social-issues #content-types #factiva-filters #c&amp-e-executive-news-filter #society #community #manslaughter #prisons #prisoners #n #a
This week may be "Armageddon" for the airline industry
World News · Oct 03, 2020 by Marketplace

It's shaping up to be a bad week for employees of commercial airlines. In exchange for a federal bailout earlier in the pandemic, carriers had agreed not to cut the ranks of pilots, flight attendants, ground crews and management until Oct. 1. Airlines are expected to begin announcing more than 35,000 job cuts Thursday.


tags: #airlines #air-travel #pandemic #covid19 #jobs #commercial-airlines #bailout #federal #american-airlines #unemployment #hubs
From payments to armaments: the double life of Wirecard's Jan Marsalek
Finance News · Jul 14, 2020 by Financial Times

This story is outside the FT's paywall (you do not need a subscription to access it) so it can be shared freely. It was early 2018 when Jan Marsalek, the young chief operating officer of German fintech champion Wirecard, held a meeting in his palatial home in Munich to talk about a new special project he was interested in: recruiting 15,000 Libyan militiamen.


tags: #russia #eu #finance #fraud #theft #consulate #wirecard #marsalek
Trump Takes Control of the FED - Leads the way for other countries to follow
Finance News · May 12, 2020 by Michael Tellinger

President Donald Trump breaks a 250-year long stranglehold of the Royal Political Elite and their central banks. Since the 1760s and the rise of the Rothschi...


tags: #trump #printing #banking #finance #currency #fiat #bank #media #fed #federalreserve #followthemoney #money-printing #rothschild #rothschilds #powell #blackrock #fink
$14 Billion Commodity Broker Facing Crushing Margin Calls After Mortgage Hedges Go Wrong
Finance News · Mar 26, 2020 by ZeroHedge

We warned last week that, despite The Fed's unlimited largesse, there is trouble brewing in the mortgage markets that has an ugly similarity to what sparked the last crisis in 2007. For a sense of the decoupling, here is the spread between Agency MBS (FNMA) and 10Y TSY yields...


tags: #economics #markets #finance #capital #rates #lending #economy #collapse #mortgage #covid19 #derivatives #hedge #hedge-funds #angelo #ag-mortgage #trillion #flagstar #bancorp
Financial Expert: The End Game Is Unfolding Before Our Eyes
Finance News · Feb 26, 2020 by Spiro Skouras

On the heels of President Donald Trump's annual State of the Union speech, where the president declared the US employment numbers, the stock market and the e...


tags: #trump #health #global #finance #cryptocurrency #interview #economy #fed #federal-reserve #debt #coronavirus #outbreak #pandemic #covid19 #greg-mannarino #spiro #financial-collapse #catastrophe
World Bank Chief Economist Resigns Amid Kickback Corruption Scandal
World News · Feb 22, 2020 by Stefano Feltri

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers. According to The Economist, the World Bank refused to release the study. Afterward, its chief economist resigned. Here is the full content of the allegedly-censored paper.


tags: #censorship #economics #banking #finance #world-bank #scandal #corruption #money-laundering #papergate #kickbacks #offshore
China Is the Real Sick Man of Asia
Politics News · Feb 19, 2020 by Walter Russell Mead

The mighty Chinese juggernaut has been humbled this week, apparently by a species-hopping bat virus. While Chinese authorities struggle to control the epidemic and restart their economy, a world that has grown accustomed to contemplating China's inexorable rise was reminded that nothing, not even Beijing's power, can be taken for granted.


tags: #health #global #politics #political #general-news #international-relations #sars #economic-news #respiratory-tract-diseases #world-issues #medical-conditions #vector-borne #zoonotic-diseases #outbreaks #epidemics #mers-viruses #infectious-diseases #commentaries #opinions

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Finance Blogs Go to All Finance
Shut Down the International Monetary Fund
Finance Blogs · Jun 06, 2020 by Dan Mitchell

Do you want to understand the International Monetary Fund's (IMF) pernicious role in the global economy? Here's a simple analogy that will tell you everything you need to know. Let's say you have two friends. Friend A, who continuously gets in financial trouble because of compulsive gambling and alcoholism.


tags: #scam #finance #imf #international-monetary-fund #corruption #shutdown #mothball #predatory-lenders #greed #illuminati
The whole banking system is a scam
Finance Blogs · Jan 20, 2020 by Godfrey Bloom - UKIP MEPs

www.ukipmeps.org | Join UKIP: ukip.datawareonline.co.uk/JoinOnline.aspx?type=1 * European Parliament, Strasbourg, 21 May 2013 * Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group - www.godfreybloommep.co.uk * Joint Debate: Banking union - single supervisory mechanism 1.


tags: #ukip #european-central-bank #godfrey-bloom #european-banking-union #ebu #central-bankers #central-banks #fractional-reserve-banking #taxation #euro #eurozone
The Truth About Inflation & Why You're Falling Behind
Politics Blogs · Nov 29, 2019 by Nugget's News

The Truth About Inflation & Why You're Falling Behind Has the cost of living gone up? Why does it feel like everything is getting more expensive? Today we look at the way inflation is calculated with the consumer price index. There has also been several changes to the way it's calculated over the years which are very misleading.


tags: #economics #inflation #government #economy #recession #cost-of-living #fudge-factor #cpi #changed #depression
Paul Krugman: Always Wrong, Never in Doubt
Finance Blogs · Nov 19, 2019 by David Harsanyi via National Review

He's a stopped clock who has yet to be right about Trump. This Thursday, Federal Reserve chairman Jerome Powell told the House Budget Committee that there was "no reason to think, that I can see, that the probability of a downturn is at all elevated."


How to Invest in Water Commodities in 2019
Finance Blogs · Jun 29, 2019 by Brian O'Connell via The Street

Yes, you can invest in water, and there are real-life examples of successful investors who have done so. Take Dr. Michael Burry, played rather eccentrically by the actor Christian Bale in the 2016 film, " The Big Short." In real life, Burry invests in water and the evidence shows that he and other aqua investors are onto something.


tags: #news #stock #headlines #market #trading #financial #investments #quotes #thestreet #brian-o&-39-connell #how-to #awk
Anthony J James on LinkedIn: "Interesting to see the changes over time...notice how many times Bill Gates moves from 1st"
Finance Blogs · Jun 02, 2019 by Anthony J James (via LinkedIn)

June 2, 2019: Chart of the World's Richest People Over Time


tags: #finance #worlds-richest-men

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Infinite Finance Articles

The Politically Correct but False Economics

Gordon Gekko: Stop telling lies about me and I'll stop telling the truth about you. Wall Street: Money Never Sleeps (2010) Scams and rackets, hoaxes and frauds ... are as old as humanity itself. The Federal Trade Commission estimates that over 25 million Americans lose in excess of $2.5 billion to fraud each year.
May 09, 2019 by Tectract
Finance Articles
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