This was a headline from earlier this month. The fact that this was the biggest bank robbery in history made us wonder why we hadn’t heard about it earlier? Because it was an electronic robbery, this should ring alarm bells for anyone with money in a bank… Hackers Robbed the U.S. Government…Are You Next? By […]
Tag Archives: banking
We headed along to see The Big Short last week and found it an enjoyable watch. They do a great job of making a complicated subject on financial derivatives not just understandable to the layperson, but actually entertaining. In case you hadn’t heard of it, it follows the “bears” in the lead up to the […]
The idea of capital controls in New Zealand may seem far fetched to most. However maybe not? Even the NZ Treasury website features the abstract of a guest lecture from 2012 by an Associate Professor from Wellington’s Victoria University Business School headed: Capital Controls: Should they be part of the NZ Toolkit? – Assoc. Prof Ilan […]
We reported a month ago how Greece has one of the best funded militaries in Europe, where they have a military budget of 4.3% of GDP. In this piece Darryl Schoon outlines how for all the talk of bailouts, cuts and austerity, Greece has not been allowed to reduce its military expenditure. He also believes Greece is merely […]
Gold is still a long way from the highs it reached back in 2011 of almost US$1900 per ounce. So there are not too many people outside the gold community that think now is a good time to be buying. But counterintuitively this probably makes it exactly the time to buy! Here’s 7 reasons to buy […]
You won’t have been able to escape the news of the week long bank holiday or rather bank shut down in Greece this week. Read on for some of the lessons to be learned from this. Not just how to read the hints (of which there were many) that were given in advance of this […]
With the RBNZ’s Open Bank Resolution in place to handle a bank failure your funds are far from safe in an NZ bank. However NZ and Australian banks are purported to be some of the safest in the world. Well, read on to see if any of them made the list of the top 10 safest […]
A thought provoking opinion piece appeared on Interest.co.nz this week by Dr Martien Lubberink, Associate Professor in the School of Accounting and Commercial Law at Victoria University. He looked at the somewhat differing opinions of the Reserve Bank of New Zealand (RBNZ) and the Australian Prudential Regulatory Authority (APRA) on our largest banks and their […]
Here’s the latest from the always passionate Darryl Schoon. It’s actually a 2 part video but we think the best content is in the second half which begins at 24:47 mins in. (Part one mainly covers how the rip off that is the 30 year mortgage came into being). Here’s what is covered in Part […]
Do you know what caused US stock markets to begin rise in 2009? If you’re unfamiliar with the change in accounting laws that occurred then, this article is a must read. It shows how the cracks have merely been papered over… Zombies Make Dangerous Neighbors By Doug French, Contributing Editor On March 16, 2009, […]