ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 14 07:57

RBS debit card payments have gone utterly TITSUP

The Royal Bank of Scotland's debit card system has suffered a TITSUP, that is, total inability to support usual payments.

NatWest has acknowledged the issue, telling complainants: "We're aware of some issues with Debit Card Payments, and are working hard to fix them. Sorry and thanks for your patience."

Oct 14 07:43

Deutsche Bank To Fire Another 10,000 Bankers, Bringing Total Layoffs To 20% Of Workforce

Deutsche Bank's finance chief told his staff that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees. If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in five of the bank's workforce around the globe would be affected.

Oct 13 15:53

SEC Accusations Against US Billionaire Highlight Centrality Of Insider Trading To Hedge Fund Profits

Former financial regulator Bill Black discusses the case of Leon Cooperman, who once accused Obama of unfair treatment of the rich.

Oct 13 12:24

Our Giant Experiment With "Greed Is Good" Has Failed

Another day, another example of the disastrous effect Reaganomics has had on our country’s business culture.

Ever since his bank was fined $185 million for illegally opening millions of accounts in its customers’ names to help boost profits, Wells Fargo CEO John Stumpf has insisted that he only discovered what was going on in 2013.

Oct 13 11:35

THE REAL DEPLORABLES

The real “deplorables” generally aren’t the people whom Hillary denounced as wholly “irredeemable,” or at whom economically secure commentators fulminate on a regular basis. More obviously “deplorable” are Hillary’s fellow financial, political, economic, and military elites who wrecked the economy, got us mired in endless unwinnable foreign wars, and erected a virtually impenetrable cultural barrier between everyday Americans trying to live fruitful lives and their pretentious, well-heeled superiors ensconced in select coastal enclaves. It is thanks to the actions of this “basket of deplorables” that we’re in the situation we’re in, where an oaf like Trump is perilously close to seizing the presidency.

Webmaster's Commentary: 

A memo to Michael Kreiger: I am stunned, upon reading this,because it makes you appear to be something of an apologist for those elite who have screwed up things so badly for the rest of us, as though you think that, somehow, the Republican and Democratic fat cats who have created the "FUBAR" economic, geopolitical, and social crises which define this moment in American history, really want things to change.

Sir, I can guarantee you, that as long as the money keeps continually flowing in their direction, they do not want to see any kind of change which will interfere with this, period, end of discussion.

As long as no catastrophe shakes their collective apple carts, they are absolutely fine with the economic and social misery they have created for middle class Americans, who find themselves, many times, through absolutely no fault of their own, offshored and outsourced, in terms of jobs which used to be the solid underpinning of American way of life.

So they wind up, if they are lucky, staying with family or friends, while they sort out their next move.

If they are not so lucky, they will be come a part of the disenfranchised living in Obamavilles, in destitution, despair, and utterly no hope for change in the future.

But regardless of their situation after losing their jobs, however,they are most likely about to become a part of a shocking, and much-ignored American statistic: over 94 million Americans who want to work cannot find jobs, but are not counted in the Bureau of Labor Statistics, because they have allegedly been out of work "too long to matter".

As reported at cnsnews.com in June of 2016:

A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday. When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work.

Welcome... to President Obama's Amerika, Mr. Kreiger,where 94 million Americans are not counted in the Bureau of Labor statistics, because it makes the numbers..."look bad", for the alleged "job creation" President.

But the real danger in which the elite deporables have left us has less to do with with a potential uprising of angry Americans, (because they understand that any violent protests will be met at the state and Federal level "with extreme prejudice"), than the geopolitical peril in which the Obama Administration has placed this country by his moves, in anticipation of a potential Trump sweep of the elections, in order to potentially gift him with one, if not several wars before taking the oath of Office in January.

Relations with China have been soured by Obama's condemnation of it's behaviour at the last G20 in September,in China, and the "Oafish" Obama took the opportunity to accuse the Chinese government (host this year of the G 20) of "aggressive behaviour in the South China Seas".

Barack Obama warns China of ‘consequences’ for its behaviour in South China Sea

I would like to politely point out, Mr. Kreiger, that this is the geopolitical equivalent of "relieving oneself" in the face of one's host, and then declaring it was raining.

So now, Kim Jong Un believes (probably correctly) that he can experiment with developing nuclear weapons with impunity, because after this horrific slight against the Chinese government, is not likely they have any appetite to work with the US government to create a peace deal with North Korea in exchange for its dropping nuclear weapons development.

Then, you have relations (or, more properly, the lack thereof) with Russia.

The US accused Russia of having "annexed Crimea", after the putsch in Kiev, which was a boldfaced lie, when the US, the EU and the IMF generated the take-down of Ukraine's duly elected government, under Yanukovich, and "anointed" Poroshenko, a guy with family connections to money laundering; human trafficking, and drugs.

Victoria Nuland, Undersecretary of State for Obama, boasted of what the US had spent to destabilize Ukraine, as reported at 321gold.com:

We could fall into the abyss of war almost anywhere. In early 2014 the US sponsored a coup d’état in Ukraine replacing the legally elected government with their own specially selected thugs. US Assistant Secretary of State and Jewish Neocon Victoria Nuland express her admiration for the leadership and wisdom of the EU in a phone conversation over a non-encrypted device when she was quoted as saying, "Fuck the EU.” Nuland went on later that year to brag about how the US had spent $5 billion to destabilize Ukraine since 1991 using such incredible words in her speech such as justice, modern democratic government, human dignity, and economic health. She talked about how the paid for mob prayed for peace before rioting. How thoughtful of them. When the eastern Ukraine and Crimea later voted for reunion with Russia Nuland and the rest of the Neocons somehow forgot the words democracy and peace. So today the US and NATO blame Russia and Putin for the conflict in Ukraine when clearly it was a coup organized and financed by the US. I would ask any reasonable person to look at the actions of the US and the Neocons in Ukraine and try to convince anyone that the people of Ukraine are somehow better off with peace or prosperity. Nuland turned Ukraine into a Nazi run cesspool of corruption, blaming Putin the entire time.

So what was DC's Bizarro-world response to Crimea's deciding, in a free and fair referendum, to petition the Russian Federation to become a part of it?!?!

Why, sanction Russia, of course!! I mean, what else could DC do but blame Russia for something it absolutely hadn't done!!?!?

Then, there is the matter of Syria, where the US is using alleged "moderate rebels" with which to regime change Damascus, and end the presidency of the duly-elected Al Assad. Russia, at the request of the Syrian government, is making short work of ALL jihadists, US-government sponsored or not, and they are doing a good job of it. The US has even bombed a Syrian military site on Al Tharda mountain, and claiming it was an "accident"; but there is no such thing as an "accidental" bombing which takes over an hour, which happened here.

It is only a matter of time before Russian and US troops wind up at each others' throats here; the question is when, rather than if.

And to top it all off, Russia is now encircled by NATO troops in bordering countries; NATO has placed nuclear defense shields in Poland and Romania, claiming that they are to thwart any threat from Iranian missiles; but why, logically, would Iran be even thinking of doing this, after the P5+1 treaty?!? Would they not have a lot more to gain in trade from Europe than by pulverizing it with missiles, understanding full well that the US and NATO response would be to turn Iran in to an oozing puddle of ground glass?!?

So, logically, these missile defence emplacements are not at all about Iran, but completely about Russia, and Russian leadership knows this.

And lastly, Mr, Kreiger, since it has been your elites, which have put the US in such jeopardy, how in heaven's name can you begin to characterize Donald Trump as an "oaf", when it has been the oafish, pay-to-play, corrupt, keep- the-game-rigged in our favor" people who have created this crisis for this country and the world?!?

Can an "oaf" make the kind of money Donald Trump has made, even at the most conservative of estimates?!?Donald Trump's Net worth is $3.7 billion in US Dollars.

So, you seethe with enough resentment against Mr. Trump to poison the entire world,

And why?!?

Because, at his financial status, he should be "one of yours", who believes in "business as usual", even if that business destroys American jobs, and places us on the brink of World War III; it is because he absolutely is NOT "one of yours" that he may well win November's election.

And a heartfelt thanks, sir, for your having "outed yourself" by writing this article; you have just told your brother and sister Americans who - and what - you truly are, and whose interests you defend.

Oct 13 09:56

George Soros: ‘I Am A God, I Created Everything, I Control America And Hillary Clinton’

George Soros claims he is a god and “the creator of everything,” however the billionaire globalist also warns he is a “self-centred” god who believes “normal rules do not apply” to him.

“I fancied myself as some kind of god …” he wrote. “If truth be known, I carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble.“ When asked by Britain’s Independent newspaper to elaborate on that statement, Soros doubled down: “It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.“

Oct 13 09:22

Texans Are Cutting Back, Wheels Come off Houston Economy

Retail sales in Texas boomed for five years straight, from March 2010, their low point during the Great Recession. Sales tax collections jumped 46% from the first half of 2010 through the first half of 2015 – dizzying growth for a mature market! Given the size of the Texas economy, it helped prop up US retail sales. But by May 2015, 10 months into the oil bust, things began to sag.

Sales tax collections in September for sales that occurred in August dropped 3.5% year-over-year, according to the Texas Comptroller of Public Accounts. And in August, sales tax collections had dropped 3.0% from two years earlier. This was only the second time since the depth of the Financial Crisis that collections were lower than two years earlier, the first time having been in June!

Oct 13 09:18

VERIZON TO CLOSE CALL CENTERS IN 5 STATES

Oct 13 09:10

Third Quarter Earnings Season Kicks Off

Oct 13 09:03

Will the spectacular failure of the Samsung Note 7 kill Android? A data-driven analysis

Oct 13 07:41

Red alert: Prepare for severe stock market crash, warns HSBC

The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history.

Webmaster's Commentary: 

HSBC. You know, the bank which was laundering drug money while James Comey was on the board and given that sweetheart wrist-slap deal by Loretta Lynch!

Oct 13 07:31

Health law 'no longer affordable,' Dayton says

Minnesota's Democratic governor said Wednesday that the Affordable Care Act is "no longer affordable," a stinging critique from a state leader who strongly embraced the law and proudly proclaimed health reform was working in Minnesota just a few years ago.

Gov. Mark Dayton made the comments while addressing questions about Minnesota's fragile health insurance market, where individual plans are facing double-digit increases after all insurers threatened to exit the market entirely in 2017. He's the only Democratic governor to publicly suggest the law isn't working as intended.

Dayton's comments follow former President Bill Clinton's saying last week that the law was "the craziest thing in the world" before he backtracked.

Oct 12 14:59

Samsung slashes its quarterly profits estimate by $2.3 BILLION after Galaxy Note 7 recall disaster

Samsung has slashed its third-quarter profit estimate by a third - a drop of $2.3 billion - after scrapping its Galaxy Note 7 smartphone.

The South Korean electronics giant filed a revised operating profit estimate of 5.2 trillion won ($4.6 billion), compared to the 7.8 trillion won ($6.9 billion) it announced just last week.

Oct 12 09:31

Bank of America warns of imminent recession: “Market so fragile… it’s downright scary”

Bank of America isn’t the only Wall Street bailout recipient to warn about what is coming

Oct 12 09:14

Wall Street speeches reveal the real Hillary

The (true) story that Hillary Clinton is a liar on issues big and small, that she uses half-truths, deceptions and dissembling to cover up her reprobate behavior is an old one.

But it’s a story Hillary breathes more life into every day she moves closer to becoming president. The latest treasure trove of evidence: a WikiLeaks email dump chronicling her two-faced behavior in such dramatic tones that it should be required reading for anyone who thinks she has the temperament to lead this country. (She hasn’t denied the emails’ authenticity.)

Oct 12 09:10

20 Reasons Why It Should Be Donald Trump in 2016

He is not your ordinary politician. Yes, Trump is different. Guess what? That’s a good thing. His ideas – e.g., a sound immigration policy, returning manufacturing jobs to America, negotiating better trade deals – are not at all radical, but do go against the Washington status-quo.

You see, we’re supposed to select another perfectly malleable politician – a Republican not unlike a Democrat – who won’t shake things up too much while in office. Same ol’, same ol’. And you, little person, you are supposed to vote for more of the same and like it. But the American public has reached a tipping point – we’d rather gouge out our eyes than select another career politician or Washington insider. That’s just electing the problem to fix the problem.

Oct 12 09:05

HSBC ISSUES MARKET CRASH ALERT

Oct 12 02:21

Evacuate or Die…

Oct 11 10:39

Sentiment in Asia: Seemingly One-Sided

Oct 11 06:17

4-minute video: ‘Surrender vote’ for Trump/Clinton as President continues lie-started and illegal Wars of Aggression, bankster looting by the trillions, and corporate media lying to ‘cover’ crimes of the US rogue state. Alternative: demand .01% arrests fo

*hyperlinks/videos live at source*

jumping the shark: pejorative idiom for desperate gimmicks to keep viewers’ interest after a show fails to maintain an original plot-line, and indicative of pending cancelation of the show.

StormCloudsGathering sharp 4-minutes of the 2016 jump the shark Presidential “election”:

The powerful case to We the People is relatively easy to present for anyone caring to exercise basic education to see:

The US is a literal rogue state empire led by neocolonial looting liars. The history is uncontested and taught to anyone taking comprehensive courses. If anyone has any refutations of this professional academic factual claim for any of this easy-to-read and documented content, please provide it.

Oct 11 05:15

Russkies at the Doorstep

In a year noted for crude political discourse, eagerly serialized in the mainstream media, the MSM are themselves bellowing anti-Russian rhetoric, conspiracy theory, and fear-mongering. Of the two “evil of two lessers” contenders, Trump is the one who regularly gets hammered, justifiably in the case of his anti-Muslim and other racist and sexist slurs, while Clinton gets a pass, even an A+, for her repeated verbal assaults on Russia and its president, even as she reeks of class hostility toward Trump supporters.

During the McCarthy era, the most perverse propaganda was about Russians hiding under beds; during the new cold war, it’s about Russians inside every telephone, computer, email, and website, while linking Putin to everything, says Guardian contributor Trevor Timm, “from Brexit, Jeremy Corbyn, Greece, and Spain.”

Oct 10 08:35

How Wells Fargo Defrauded 2 MILLION Customers

Oct 09 19:17

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday.

When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work.

Oct 09 17:17

Who won the Second Debate?

Clinton - Because selling the people out to Wall Street doesn't matter
3% (87 votes)
Trump - Because using the word "Pussy" in 2005 doesn't matter
97% (2776 votes)
Total votes: 2863
Oct 09 16:45

US Job Creation Lower Than Expected, Unemployment Rate Rises

The US economy created lower-than-expected jobs in September, and the unemployment rate unexpectedly rose, according to new government figures.

Nonfarm payrolls increased by 156,000 new jobs last month, the Bureau of Labor Statistics said Friday. Economists had predicted between 170,000 and 176,000 new jobs for September.

Oct 09 08:57

RUMOR: IS KROGER GOING TO BUY WHOLE FOODS?

Oct 09 08:54

Deutsche Bank Scandal: Enron 2.0

Oct 07 21:45

The Elite is Accelerating Earth Changing Events in a Rush to Implant Hillary in Power

Do Americans really want to place their lives in the hands of a known psychopathic liar and criminal with such severe medical impairments who possesses the capability to push the nuke button that would end the world?

Oct 07 15:30

Millennial Student Loan Debt

There are currently about 54 million millennials entering the workforce in the US, and for many of them, the idea of buying a home isn’t an immediate goal. That’s because the majority (70%) are under an enormous amount of student debt. Large school loans are motivating many millennials to put off their first home purchase until they pay down some or all of their education expenses. The delay is having an immediate impact on the housing markets.

Oct 07 15:28

Poverty Is A Product Of The Institutions We Have In Society

The new census data show the steepest one-year decline in the US poverty rate in decades. The dip from 14.8 percent to 13.5 percent was widely heralded, if some did indicate that declarations like the New York Times’ “Millions in US Climb Out of Poverty at Long Last” might be overblown. The rate was 11.3 percent in 2000, after all, and the gains aren’t evenly spread around, or necessarily sustainable.

Oct 07 15:24

A Look Inside The Pound Flash Crash: What Really Happened In Those 30 Seconds

As Citi concludes:

"as we can see, execution technique is key, blunt aggression into the market can cause large impact, but if one spaces out orders and treats liquidity appropriately, then one can achieve a reasonable execution."

Translation: stay the hell out of the FX market, and just wait for more such flash crashes to occur, either buying at the trough when the algo selling is exhausted, or shorting/selling at the top, then quickly take profits, rinse and repeat.

Oct 07 14:07

Central banks continue to sell dollars to no avail.

The capital flows into the dollar are rather staggering. Central banks continue to try to sell the dollar to keep their currencies afloat. China’s foreign-exchange reserves are most notable in the fight against a rising dollar. China’s foreign-exchange reserves declined again in September, and they try to support the yuan and the Fed clearly cannot stop the dollar rise by itself.

Oct 07 14:00

Moody's downgrades global auto manufacturing outlook to 'negative'

Growth in new car sales in key markets such as the U.S. has been robust as of late, but appears to be headed for a slow-down.

That's the message from ratings agency Moody's, which on Thursday said it has downgraded its outlook for the global automotive manufacturing industry to "negative" from "stable."

Oct 07 13:49

MACYS CLOSING MORE STORES THAN SEARS

Oct 07 13:06

Working Class White Men's Incomes Lower Now Than In 1996

Decades of discriminatory policies, importing cheap immigrant labor and so-called "free trade" are taking their toll.

Income levels among white men without a college education have dropped by nine percent over the past two decades, according to a new study by Sentier Research, contributing to ongoing concerns about the working class in America.

Oct 07 12:37

Unemployment Rises To 5 Percent In September; 94,184,000 Out of Labor Force

The national unemployment rate in September rose to five percent, as the United States economy added only about 156,000 jobs, according to statistics released by the Labor Department on Friday.

Webmaster's Commentary: 

These two figures are mutually exclusive, and this is because the Department of Labor doesn't count those who have been out of a job "too long" to really "count" as looking for work.

Obama Administration, we know this; you're lying again by cooking the employment numbers, but it just doesn't work any more.

Oct 07 12:01

Bernie Sanders and Elizabeth Warren: Investigate Wells Fargo Executives

Senators Bernie Sanders and Elizabeth Warren are not satisfied with the fines being imposed on Wells Fargo after they defrauded thousands of customers.

Sanders and Warren have written a letter to Attorney General Loretta Lynch, asking for a full investigation into senior Wells Fargo executives. They also do not want her to rule out criminal charges.

Oct 07 10:07

Inflation – The Simple Explanation is Theft

Inflation is theft. It is a simple concept that a single mother and a retiree understand but a PhD in Keynesian Economics probably does not.

Oct 07 09:10

U.S. Economic Growth Downgraded to Largest 1-Year Drop Seen for Advanced Economy

The International Monetary Fund downgraded the economic growth outlook for the United States to 1.6 percent in 2016, which is the largest one-year drop seen for an advanced economy, according to the Fund’s World Economic Outlook report.

According to the report, the United States grew at a rate of 2.6 percent in 2015 and is projected to slow to 1.6 percent in 2016, a decline of 38 percent. The United States’ decline in growth is the largest one-year drop seen in all of the advanced economies such as the United Kingdom, Canada, Germany, Italy, and Spain.

Oct 07 09:00

European Banks in the Eye of the Storm

Oct 07 08:42

California Becomes First State To Request "Waiver" To Offer Obamacare To Illegal Immigrants

Remember that time when South Carolina Representative Joe Wilson shouted "You Lie!" just after President Obama assured American's before a joint session of Congress that illegal immigrants would not be eligible for Obamacare?

Apparently California Governor Jerry Brown was not convinced by Obama's denials as he signed a bill back in June that allowed the state to apply for a federal waiver to open Covered California to illegal immigrants. And, lest you thought it was a bluff, Covered California’s Executive Director Peter Lee has just sent a letter (attached in its entirety below) to the Health and Human Services Secretary, Sylvia Burwell, requesting a waiver to "expand access to undocumented individuals."

Oct 07 08:27

HEDGE FUNDS HAVE COST WORKERS BILLIONS. THIS IS HOW THEY’RE FIGHTING BACK.

A growing movement to take pension money out of hedge funds, then, isn’t just about high fees and bad returns. It’s part of a larger effort to wrest control of the economy away from the financiers who’ve created a system that works only for the super-rich.

Oct 07 08:24

Andrew Maguire – This Gold Takedown Charade Is About To Backfire Violently On Western Central Banks

On the heels of another plunge in the gold and silver markets, London metals trader and whistleblower Andrew Maguire told King World News this gold takedown is about to backfire violently on Western Central Banks.

Andrew Maguire: “Looking at the physical flows and the aggressive commercial short covering into leveraged specs in the Comex casino, the gold and silver prices will rise quickly once China returns on Sunday night/Monday morning. Monday is also a U.S. holiday so we could expect some fireworks…

Oct 07 07:29

ObamaCare architect confronted over rising premiums

Oct 07 07:23

94,184,000 Not In Labor Force; Labor Force Participation Rises; Unemployment Rate Ticks up to 5.0

94,184,000 Americans were not in the labor force in September, 207,000 fewer than in August, and the nation's labor force participation rate, which began its steady downward trend in 2000, showed little change last month, rising a tenth of a point to 62.9 percent compared with August.

At a recent news conference, Federal Reserve Chair Janet Yellen said the labor force participation rate has increased on balance since late last year, which "shows a substantial number of people are being attracted into the labor market."

Oct 07 07:21

Panama Papers? Try UNITED STATES Papers?!

I received a call from a banker – a US banker – asking me whether I’d be interested in helping our European investors and wealthy families transfer their wealth to the US. He asked me whether we would like our European clients to hide their assets with his bank. “After all, the US offers foreigners [not Americans of course…!] the highest level of banking secrecy and safety.” US banks are openly shopping for non-US business, openly inviting them to evade taxes by taking advantage of the US tax haven!

Oct 07 07:10

MAGNETATION TO SHUT DOWN OPERATIONS

A U.S. bankruptcy court on Thursday approved a motion to terminate Magnetation LLC’s pellet purchase agreement with AK Steel, effectively marking the end of the innovative mining company.

Oct 07 06:52

Two-Minute Mystery Pound Rout Puts Spotlight on Robot Trades

While he may never be able to pin down the catalyst for Friday’s drop, Mumford and many of his peers agreed that the sell-off was probably exacerbated by computer-driven traders reacting at speeds faster than any human could muster. So-called algorithmic transactions in the foreign-exchange market have more than tripled over the last three years, accounting for almost $200 billion of daily turnover, according to Aite Group, a consultant in Boston.

Oct 07 06:47

French Senate to Urge European Parliaments to Lift Anti-Russian Sanctions

France's upper house of parliament, the Senate, would continue its efforts aimed at lifting the sanctions imposed against Russia, discussing the issue with the parliaments of other European states, a French senator said Friday.

"You have had a keen eye for the fact that the French Senate is moving toward lifting sanctions and I am sending you a message that it would be actively engaged in these activities not only in France, but through a parliamentary dialogue with all European countries," Jean Bizet said at a meeting in the upper house of the Russian parliament, the Federation Council.

Oct 07 06:30

IMF: Global debt rises to all-time high $152tn

The International Monetary Fund (IMF) has raised concerns over ballooning global debt that has reached 225 percent of the world’s gross domestic product (GDP), which could lead to financial crises.

Oct 07 06:27

Smash and grab PoS pwners ready with pre-Xmas malware update

A smash and grab malware gang has updated its FastPoS point of sales hack app to plunder credit cards more efficiently ahead of the festive season.

The FastPoS author is known for issuing an annual update to the malware which throws stealth to the wind in favour of quick and noisy raiding.

The technique marks FastPoS as distinct from rivals that attempt to dump and store cards on local systems before quietly hoovering it off in a bid to extend the time before banks can cancel cards.

FastPoS was first found in March last year and has since been known for receiving pre-Christmas updates to allow it to plunder modern PoS systems.

Trend Micro researchers say the malware is already being used to target small businesses.

Oct 06 21:08

Global Firepower

Analysis of conventional war-making power of 125 countries based on weapons,resources,manpower,finances ect.

Oct 06 17:05

DEUTSCHE BANK DUMPS ANOTHER 1,000 JOBS…

Oct 06 16:47

Video: Keiser Report: Stealing Is Legal In America

In this episode of the Keiser Report, Max and Stacy discuss how finance is ruining America.

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