A Trader’s Federal Lawsuit Against JPMorgan Chase Offers a Window into the Crime Culture at the Five Felony-Count Bank
By Pam Martens and Russ Martens: April 20, 2021
Donald Turnbull, a former Global Head of Precious Metals Trading at JPMorgan Chase, has filed a doozy of a federal lawsuit against the bank. Turnbull worked on the same JPMorgan Chase precious metals desk that was deemed to be a racketeering enterprise by the U.S. Department of Justice when it handed down indictments in 2019. This was the first time that veterans on Wall Street could recall employees of a major Wall Street bank being charged under the Racketeer Influenced and Corrupt Organizations Act or RICO statute, which is typically reserved for organized crime.
Bitcoin, Ethereum Hit All-Time Highs Ahead of Coinbase Direct Listing
Under Certain Conditions, Stocks Can see Crypto-Like Gains
By Teeka Tiwari
Most of my subscribers know me for my work in crypto…
In 2016, I recommended bitcoin and Ethereum at $428 and $9, respectively. Today, they’re trading at record highs of about $63,000 for bitcoin, and $2,500 for Ethereum.
My long-term subscribers have had the chance to see gains of 15,055% and 27,555% in bitcoin and Ethereum, respectively… enough to turn every $1,000 into $151,549 and $276,550.
And those aren’t even my biggest winners. Many have had the chance to see gains of up to 156,753% and 33,806% on tokens like Neo and Binance.
(I’m not cherry-picking either. Of 68 current open positions in my flagship Palm Beach Confidential crypto newsletter, 53 are winners. That’s an outstanding 78% win-rate with an insane 2,399% average return.)
Top Experts Talk Gold/Silver | Andy Schectman, Gary Wagner, Craig Hemke, & more!
The Retail WTF Charts of the Year, Powered by $1,400-Stimmies and Massive Price Increases
The government better not ever stop dousing consumers with free money.
By Wolf Richter for WOLF STREET.
The latest wave of stimmies, this time $1,400 a pop, began to wash over our dear consumers in March, and they went out and spent it on everything in sight, except at grocery stores, as they’re still trying to use up their three-year supply of pasta and toilet paper. A few weeks ago, when I reported on consumer spending that had dropped in February as the $600-stimmies from December-January had run out, I predicted: “Waiting for a $1,400-stimmie WTF spike in March.” And what a doozie we got today.
Why did March retail sales soar
The Decentralized Trading Revolution Is Unlocking a Huge Opportunity
It was the biggest cryptocurrency story of 2020...
I'm not talking about PayPal (PYPL) launching the ability to buy and sell crypto... MicroStrategy (MSTR) becoming the first public company in the world to add bitcoin to its treasury reserve... or the U.S. Office of the Comptroller of the Currency telling banks they can custody crypto on behalf of their customers.
One story was even more important... and you likely never heard about it.
I'm talking about the breakout of decentralized trading platform Uniswap.
(Inflation Trick) The Indicator that Actually Matters
The outcome leaves you baffled and confused…
No matter the language or culture, magicians have performed sleight of hand tricks to wow audiences around the globe for centuries.
The magician’s goal is to reveal a chosen reality to the audience, while concealing the real methods and actions that bring the magic trick to life.
Two important factors play into sleight of hand…
The first is misdirection, which focuses the audience’s attention on something of no significance, drawing all their attention away from the trick.
China’s Currency Goes Digital
Archegos: Snowflake That Triggers the Avalanche?
By James Rickards
Archegos Capital Management is a family office controlled by Bill Hwang, a former hedge fund trader. Family offices can be conservative in their investment approach, but they can also be as highly leveraged and as risky as any hedge fund, or even more so. It’s up to the person managing the family office.
In Hwang’s case, the money was mostly his own, so he ran his family office the way he used to run his hedge fund – with high leverage and almost no transparency. Hwang made huge bets in stocks, often buying as much as 10% of a company.
Most Underrated Skill set of Millionaires
THE SUEZ CANAL CRISIS WILL SEND THESE STOCK MARKET SECTORS SOARING | Curzio Classroom
The Future of Bitcoin Is Six Figures
By Teeka Tiwari, editor, Palm Beach Daily
Since 2016, I’ve been fighting a long battle to educate everyone about the value of bitcoin.
Over that time, I’ve had my reputation impugned… been maligned and ridiculed… and even received hate mail for my conviction in bitcoin.
If you’re anything like me, you’ve probably been laughed at by your family or friends just for talking about the idea of bitcoin.
There were some tough times. From the heights of the 2017 crypto bull market to the depths of the 2018 Crypto Winter… I asked my readers to keep the faith and let time do the heavy lifting.
And those who stuck with me should congratulate themselves… Because we’re starting to reap the rewards of that faith.
