An easy way to open a foreign bank account

Posted by Matt in March 3rd, 2010 | no comment

Published in Financial, Investing, Bank Accounts, Banks, Citibank, Civilized Place, Contact, Foreign Bank, Hong Kong Singapore, Hsbc, Jurisdiction, Jurisdictions, Multinational Bank, Presence, Transfer Money

Open an account at HSBC in the U.S. Next, figure out where you want your foreign bank account. If you don’t know then pick Singapore. I spent a couple of years researching foreign bank accounts, and Singapore is a good location. Contact HSBC, Singapore, or whichever HSBC branch you want because they’re all over the [...]

China Still Set for Asset Bubble After Reserve Rise, CLSA Says – BusinessWeek

Posted by Matt in February 20th, 2010 | no comment

Published in China, Economy, Asia Pacific Markets, Banks, Bound, Businessweek, China, Clsa, Second Time

China is still bound for an asset bubble after policy markers ordered banks last week to set aside more deposits as reserves for a second time in a month, CLSA Asia-Pacific Markets said.
China Still Set for Asset Bubble After Reserve Rise, CLSA Says – BusinessWeek

How a Chinese Real Estate Bust Could Hurt the U.S. – DailyFinance

Posted by Matt in January 29th, 2010 | no comment

Published in China, Economy, Financial, Banks, Bubble, Bust, China, Chunk, Economic Contraction, Gdp, Interest Payments, Interest Rates, Lead, Money, National Debt, People, Real Estate, Trillion

Nevertheless, if people who borrowed money could not pay it back, China might need to scramble to raise cash to keep its banks above water. In that case, it might sell a chunk of its $2.2 trillion in U.S. debt — which would likely drive up interest rates in the U.S.
How so? Such selling [...]

In China, fear of a real estate bubble – washingtonpost.com

Posted by Matt in January 29th, 2010 | no comment

Published in China, Economy, Financial, 1980s, Acting, Banks, Bubble, Bubble Pop, Bubbles, China, Crashes, Economists, Fear, Global Growth, Japan, Real Estate Bubble, Residential Real Estate, United States

Some economists and bankers fear that they have read this script before. In Japan at the end of the 1980s and in the United States in 2008, residential real estate bubbles ended in big crashes, battered banks and slow recoveries. With China acting as a key engine of global growth, a bursting of the Chinese [...]

Is the China bubble about to burst? – upiasia.com

Posted by Matt in January 29th, 2010 | no comment

Published in China, Economy, Banks, Bubble, China, Economists, Financial Health, Foreign Direct Investment, Lent, Long Time, River Of Money, S Real Estate, Stimulus Package, Stock Market Crash, Stock Markets, Tons Of Money, Trillion

Why are so many economists and brokers forecasting China’s internal implosion? Simply because they are reading about China’s US$580 billion stimulus package, the US$1.4 trillion lent by banks to the rich and powerful in China and the US$80 billion in foreign direct investment received in 2009. These are huge amounts of money that cannot be [...]

Simon Johnson: We’re Setting Ourselves Up For A Big Catastrophe, ‘Crisis Is Just Beginning’ (VIDEO)

Posted by Matt in January 7th, 2010 | no comment

Published in Economy, Financial, 12 Months, Banks, Catastrophe, China, Cnbc, Conventional Wisdom, Economist, Emerging Markets, Financial Crises, Financial Crisis, Institutions, Mit, Simon Johnson, Video Professor

Simon Johnson, the MIT professor and economist who’s long been a strident critic of “too big to fail” institutions, appeared on CNBC this morning and predicted that the next phase of the financial crisis could be precipitated by banks exploiting emerging markets like China.
“The conventional wisdom is you can’t have back-to-back major financial crises. I [...]

Will China ‘Amnesty’ Birth the Black Swan?

Posted by Matt in December 9th, 2009 | no comment

Published in Financial, Amnesty, Banks, Bearing, Black Swan, Catastrophe, Chat Room, China, Derivatives, Gold Dealer, Longtime Subscriber, Metals, Swan

For those who have been unsettled by gold’s corrective weakness in recent days, I’ve reprinted a reassuring letter below from a friend and longtime subscriber who also happens to be a U.K.-based gold-dealer and metals trader. Andy, as he is known in the Rick’s Picks chat room, is bullish as ever on gold and sees [...]

Hezbollah has global fundraising reach – UPI.com

Posted by Matt in November 25th, 2009 | no comment

Published in Middle East, Ample Evidence, Banks, Beirut, Cocaine Smuggling, Colombian Law, Fundraising, Global Reach, hezbollah, Hong Kong, Iran, Law Enforcement Authorities, Military Equipment, Panama, Syria, Upi

But over the years, there has been ample evidence that Hezbollah has a global reach and uses its connections to raise funds and to provide smuggled military equipment to supplement what it gets from Iran and Syria.
In October 2008, U.S. and Colombian law enforcement authorities broke up what they said was a Hezbollah cocaine-smuggling ring [...]

Destination U.S. – Do you like a lot of pain and suffering?

Posted by Matt in November 7th, 2009 | 1 comment

Published in Economy, Ahead, Banks, Choices, Chrysler, Computer Model, Critical State, Decade, Economic Options, Financial Crisis, Forest Fires, Game, Geologists, Global Financial Crisis, Gm, Gold, Gold Standard, Good Options, Match, Payback, Probability, Seedlings, Squares, Supercritical State, Trees

We as a country have made a lot of bad choices over the past decade. We’ve acted like irresponsible children and payback is coming. All of the good options are now gone. The only economic options left go from bad to really bad.
There are several options that we have in the future. One of the [...]

The United States is headed toward a new financial crisis – WSJ.com

Posted by Matt in October 23rd, 2009 | no comment

Published in Economy, Allan Meltzer, Banks, Bond Market, Budget Deficits, Currency, Financial Crisis, Free Money, Global Financial Crisis, Money Growth, Treasurys, United States, Wsj

Don’t be fooled by the bond market. Banks are holding prices down because they can buy Treasurys with free money from the Fed.
The United States is headed toward a new financial crisis. History gives many examples of countries with high actual and expected money growth, unsustainable budget deficits, and a currency expected to depreciate. Unless [...]