Today is the second IOTP installment in our series of financial crime. In our last episode, Adams and North painted the scene that financial crime inflicts significant financial and human costs on the victims.
We documented recent stories from both the UK and Australia as shown by BBC’s Panorama and the ABC’s Four Corners. We also show from both programs and from another clip that financial regulators such as the SEC, the FCA and ASIC have failed at their jobs to put a stop to financial crime and in particular intervene in the early pre-collapse stages.
Today we are going to be spending more time on the performance of ASIC in responding to reports of alleged misconduct.
If anyone would like to obtain a copy of the ASIC performance data or source documentation discussed in this episode, you can email John Adams at john@adamseconomics.com who can provide you with assistance.
Go to the Walk The World Universe at https://walktheworld.com.au/
The next part of the John Adams quest in which we discuss how people are being ripped off by spurious investment schemes, and how the regulators are consistently asleep at the wheel. This is a problem not just here but in other western economies too. Investors beware!
Go to the Walk The World Universe at https://walktheworld.com.au/
JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults — including JPMorgan’s and the Bank of England’s.
JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets, and thanks to a recent US court case, and the internal documents presented by prosecutors we got a glimpse of just how dominant a role the bank has played and how the Gold market works. In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan.
This is important because as I have said many times, the 50 times plus relationship between physical gold holdings and the various derivatives held against it means it is a highly manipulated market, which sits at the heart of the financial system.
So today we will look at the case, and how so called called “spoof” trades — large orders intended to manipulate prices that were quickly canceled works.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of a live discussion about the current state of economics and politics, with a focus on the busted energy markets with David Llewelln-Smith Chief Strategist at @NucleusWealth and founding publisher and editor for @Macro_business. Go to the Walk The World Universe at https://walktheworld.com.au/ Original stream and chat here: https://youtu.be/4AhEaWqOpAU
Digital Finance Analytics (DFA) Blog
DFA Live Q&A HD Replay David Llewelln-Smith: Fixing Energy Now [Podcast]
Today we look at some of the recent research from a flurry of surveys across the property market. Combined, they paint a concerning picture. And we also look at the stamp duty question, later in the show, so stay around for that!
Some 26% of Australians see mortgage repayments as a significant cost-of-living concern – that means 5.05 million people may be worried about keeping up with mortgage repayments in the coming months.
NSW Property Services Commissioner John Minns told a panel discussion on Tuesday he would like to see the land tax change expanded to include the whole property market and not just first home buyers.
But just remember such a move would primary benefit property investors who could offset the annual tax cost against the income from the property, whereas owner occupiers cannot, so in fact this could have a two fold distorting effect. First lifting the price of property by the stamp duty saving, and second orientating the benefits towards investors. In short this “reform” is not what it seems to be.
Go to the Walk The World Universe at https://walktheworld.com.au/
A significant number of legislative changes came in with the New Year, I had started to make a list for my post then discovered the Charis Chang at New.Com.au did it for me. And folks there are several important changes which will hit. There are changes to government payments, new distinctive collars for dangerous dogs and an Australian-first program to get more women into the construction industry. And one which is important, but hardly discussed is Land Tax changes in Victoria, and the raft of Superannuation changes now in effect.
Here are some of the changes that will begin with the new year.
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
A significant number of legislative changes came in with the New Year, I had started to make a list for my post then discovered the Charis Chang at New.Com.au did it for me. And folks there are several important changes which will hit. There are changes to government payments, new distinctive collars for dangerous dogs and an Australian-first program to get more women into the construction industry. And one which is important, but hardly discussed is Land Tax changes in Victoria, and the raft of Superannuation changes now in effect.
Here are some of the changes that will begin with the new year.
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
At least 200,000 Australians have lost money thanks to inadequate regulation by APRA, worth at least $40 billion dollars. I am joined by Robbie Barwick from the CItizens Party as we explore this unfortunate but engineered situation, which has enabled the Government to look away, and ASIC claim it is not their problem , when it is clearly is.
As a result, it is likely more people will experience further losses, not because of adverse market movements, but because of poor or non-existent regulation. This has to change, and the current inquiry is a mechanism to achieve this….
Property hi-jacking is on the rise. We look at the issue and what precautions people may be able to take. And will digital transfers make it more common?
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
