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About Oliver Wright

Oliver Wright is an international lawyer, financier, and published author. He is the Founder and CEO of Vanquish Merchant Bank. His writings appear in journals such as the Harvard Journal of International Press-Politics. For six years Oliver was an international litigator and corporate attorney practicing cross-border mergers and acquisitions at Gibson, Dunn & Crutcher, the top ranked litigation firm in the country. Oliver Wright holds dual Master and Doctor of Law degrees in International and Comparative Law from Cornell Law School, where he graduated with honors and was Editor of the Cornell Law Review. He was class major valedictorian at UCLA, where he graduated summa cum laude, phi beta kappa with a BA in Communications Studies.

Vanished Chinese Tycoon Resurfaces In Canadian Mansion – In 100 Little Pieces

By |April 15th, 2016|

Two days ago we introduced you to "the rich kids of Vancouver" for whom the most important decision in any given day is whether to spend half a million dollars on a new Lamborghini or on an investment such as "two expensive watches or some diamonds." From left, Loretta Lai, Chelsea Jiang and Diana Wang attended a reception at a Lamborghini dealership last month in Vancouver, British Columbia We now introduce you to someone who may be one of these rich kids' dad. Or rather was, because Gang Yuan, a 42-year-old mining tycoon is no longer alive. His corpse was found chopped into 100 pieces in his Vancouver home. Gang Yuan's dismembered body was found at a West Vancouver home. According to a civil lawsuit, Yuan came to Canada in 2007 with permanent resident status and made his money by investing in real estate and Saskatchewan farmland, in the process becoming the owner of a at least one abandoned multimillion-dollar Vancouver home... and much more. Gang Yuan seen his in hi..

Heard of IMF Special Drawing Rights? They Just Took Another Step Toward Replacing the Dollar

By |April 15th, 2016|

The IMF’s Special Drawing Rights, the RMB and gold The full article with additional charts and tables is published on GoldMoney.com can be downloaded here. On April 1, 2016, China’s central bank Governor Zhou Xiaochuan announced that the Chinese government will take actions to promote the use of SDRs in its do-mestic economy. The announcement was made at the end of a meeting of the G20 in Paris, which is hosted by China this year. China will start to use both the USD and SDRs when reporting its foreign reserves. In addition, the country will also consider issuing bonds denominated in SDRs. This comes five month after the International Monetary Fund (IMF) decided to include the Chinese Renminbi as a fifth currency to the basket of Special Drawing Rights (SDR) along with the U.S. dollar, the Euro, the Japanese yen and the British pound. The change takes effect on October 1, 2016. This marks the first major change of the constituents of the basket since 1981 when the IMF dropped 11 out..

Deutsche Confesses To Rigging Gold/Siler Prices, Drops Dime On Cartel

By |April 15th, 2016|

Well, that didn't take long. Earlier today when we reported the stunning news that DB has decided to "turn" against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to "valuable monetary consideration" said it would expose the other banks' rigging having also "agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement" we said "since this is just one of many lawsuits filed over the past two years in Manhattan federal court in which investors accused banks of conspiring to rig rates or prices in financial and commodities markets, we expect that now that DB has "turned" that much more curious information about precious metals rigging will emerge, and will confirm what the "bugs" had said all along: that the precious metals market has been rigged all along." This was confirmed moments ago when Reuters reported that..

State of Confusion Books Fight of the Century: Inflation vs. Deflation

By |April 8th, 2016|

Tags A A Home | Feed | Blog.rssU.S. EconomyU.S. HistoryInterventionismHazlitt, 1946: Inflation, Deflation, Confusion 0 Views In the last two years left-wingers have been fond of referring to private enterprise as a “boom-bust” economy; OPA officials have contended that only price fixing can prevent a repetition of the 1920–21 boom and collapse, and British statesmen have insisted that their new “democratic socialism” will work beautifully if only mercurial America doesn’t crack again and drag the rest of the world down with it. Small wonder that so many people now ask each other whether the recent slump in the stock market does not at last foreshadow this longpredicted business setback. The question is not easy to answer, because the American economy has now become the football of political policies and counterpolicies that are not inherent in it but essentially external. These conflicting political policies are on the one hand those tending to create inflation, and on the other th..

FX Volatility Soars To 4-Year Highs As Central Bankers Lose Control

By |April 8th, 2016|

Since The Fed ended QE3, the world's FX markets have become increasingly turmoily as the loss of Janet's foot on the throat of volatility sends chaotic sprres through carry traders' P&L. In fact, after rising 6 days in a row amid Japanese Yen strength, Global FX rates are the most turbulent since January 2012. Chart: Bloomberg As Bloomberg reports, volatility in currencies of the Group-of-Seven nations climbed for a sixth straight day Friday, the longest streak of increases this year. Price swings accelerated after the yen strengthened past 110 per dollar for the first time in almost 18 months this week, fueling speculation on whether the Bank of Japan will intervene to weaken its currency. The trouble with turmoiling FX markets is it forces deleveraging in carry trades and tightens the much-needed liquidity that unerlies the fast-money purchasing of risky-assets around the world. It is no coincidence that as FX volatility has surged in the last year, so equity perfo..

Bobble Bottles Offer Instant Filtered Water, On The Run

By |April 8th, 2016|

Bottled water might seem like a very innocuous, ecologically-friendly beverage, but it does have its dark side – it has been estimated that 1.5 million barrels of oil are used annually for the production of one-use water bottles. About 38 million of those get tossed out each year. True, many of them go to recycling […]

Thus Spoke The Witch Doctor: Goldman’s Dubious Advice To Short Gold

By |April 8th, 2016|

Submitted by Mish of Goldman Sach’s Dubious Advice “Short Gold!” Those betting against Goldman Sach’s retail investment advice have generally been on the right side of things. The same thing is about to happen again. “Short gold! Sell gold!” said Goldman’s head commodity trader, Jeff Currie, during a CNBC “Power Lunch” interview. Currie’s advice was in response to the question “Is there any commodity you are recommending that can help our viewers make some money?” Currie’s provided several reasons for shorting gold, blatantly wrong. MarketWatch explains, and I will rebut, Why Goldman’s Commodity Chief Wants Investors to Bet Against Gold. “Short gold! Sell gold!” That was Currie’s unabashed advice during a CNBC interview Tuesday after discussing the outlook for crude-oil futures. Currie’s rationale is fairly straightforward: The closely followed Goldman strategist sees the Federal Reserve raising benchmark interest rates at some point in 2016 and believes the result of higher..

QE Confessions From The Shores of Lake Como: Finance Professor Blames Fed For Inequality”

By |April 8th, 2016|

While attending the ultra-exclusive Ambrosetti Workshop, University of Chicago finance professor Luigi Zingales took a few minutes to discuss income inequality in an interview with Bloomberg. We were delighted that the irony of being at a luxurious villa on the shores of Lake Como discussing income inequality wasn’t lost on the Booth PhD: "First of all it’s a bit funny to discuss about income inequality here at this luxurious villa in Como next to George Clooney’s villa" As Jeb Bush might say, "Please laugh." Moving on: when asked if central bank policy is making people feel that they’ve really lost out, Zingales reiterates what we’ve known all along, namely that the real consequences of central bank actions don’t matter, what matters is simply how people perceive the central bank and its actions. If people are told enough by smart people on television that the economy has been fixed, and the market is a reflection of the fundamentals, then they’ll blindly support anything the fed..

Why Bank Of America’s CIO and HNW Clients Are Selling “Risk” Like Crazy

By |April 8th, 2016|

It is not only BofA's "smart money" clients who have been selling the rally non-stop (and at an accelerating pace) for the past 10 weeks: so has the bank's chief investment strategist, Michael Hartnett, whose reluctance to embrace the mania has been duly documented on these pages.Below we lay out the reasons why he "remains a seller of risk." From his latest summary note: Positioning...Sell Signal: our Global Flows Trading Rule triggered “sell” almost 4 weeks ago; note BofAML Bull & Bear Index now at 4.1 = 9-month high = most bullish sentiment since Jun’15; Watch Cash level in next Tuesday’s April BofAML Fund Manager Survey (Feb = 5.6% “unambiguous buy signal”, March = 5.1%, April < 4.8% (3yr avg) would be risk-negative). Positioning…US$ Bull Unwind: Fed-induced pullback in US$ continues to cause unwind of 2015 inflows into "strong-dollar” markets…Japan equity redemptions have lagged European equity redemptions (Charts 5 & 6). Policy…Quantitative Failure: a. Fed pol..

FBI Bought Tech From Third Party To Crack iPhone

By |April 7th, 2016|

Unable to crack Apple’s iOS encryption on it’s own, the FBI purchased technology from a third party to get the job done.

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