Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55539 Wed, 26 Nov 2014 19:39:10 GMT Le Pen Wants French Gold Repatriation iehi-feed-55533 Wed, 26 Nov 2014 15:42:28 GMT HSBC, Goldman Rigged Metals' Prices for Years: Suit Goldman Sachs Group Inc. and HSBC Holdings Plc were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs' lawyers say is the first class-action lawsuit of its kind in the U.S.

Standard Bank Group Ltd. and a metals unit of BASF SE, the world's largest chemical company, were also sued. The four companies used inside information about client purchases and sale orders to profit from price movements for the metals used in products ranging from jewelry to cars, according to a complaint filed yesterday in Manhattan federal court.

The lawsuit by Modern Settings LLC, a jeweler that buys precious metals and derivatives set on their prices, claims the companies "were privy to and shared confidential, non-public information about client purchase and sale orders that allowed them to glean information about the direction" of prices.

iehi-feed-55532 Wed, 26 Nov 2014 15:38:12 GMT How Could It Happen? | Things That Make You Go Hmmm... iehi-feed-55528 Wed, 26 Nov 2014 15:22:09 GMT US "Secret" Deal With Saudis Backfires After Oil Minister Says US Should Cut First iehi-feed-55527 Tue, 25 Nov 2014 19:29:33 GMT Russian Media Has Field Day With Ferguson Riots iehi-feed-55525 Tue, 25 Nov 2014 18:13:51 GMT GLOBAL BUSINESS OUTLOOK: "DARKEST PICTURE SINCE FINANCIAL CRISIS." US DETERIORATION "OF GREATEST CONCERN" The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward -- not by economists and Wall Street hype mongers: their outlook for the next 12 months has plummeted since June to the worst level since crisis year 2009. ]]> iehi-feed-55524 Tue, 25 Nov 2014 15:02:51 GMT The 2014 Oil Price Crash Explained iehi-feed-55523 Tue, 25 Nov 2014 15:02:16 GMT Total Chinese Gold Reserves Approaching 16,000t - Koos Jansen iehi-feed-55522 Tue, 25 Nov 2014 14:57:10 GMT War in Ukraine a Result of Misunderstandings between Europe and Russia iehi-feed-55520 Tue, 25 Nov 2014 13:54:26 GMT Sen. Elizabeth Warren vs NY Fed's William Dudley (VIDEO) I don't think anyone should question our motives or what we are attempting to accomplish." - William Dudley. "Change has to come from the top. Either you need to fix it Mr. Dudley or we have to get someone who will." - Sen. Elizabeth Warren

All this and more in the Senate Banking Subcommittee hearing in Washington, D.C., U.S., Nov. 21, 2014: "Improving Financial Institution Supervision: Examining and Addressing Regulatory Capture" / Financial Institutions and Consumer Protection.

iehi-feed-55519 Tue, 25 Nov 2014 13:47:17 GMT Global Business Confidence Collapses To Post-Lehman Lows iehi-feed-55516 Sun, 23 Nov 2014 15:31:54 GMT Rickards - No US Rate Increase in 2015 iehi-feed-55515 Sun, 23 Nov 2014 15:12:16 GMT 30,000 'Lost' Lois Lerner Emails Suddenly Found by IRS Watchdog iehi-feed-55512 Sun, 23 Nov 2014 01:32:16 GMT Washington plays Russian roulette - Pepe Escobar iehi-feed-55511 Sat, 22 Nov 2014 23:55:18 GMT China Recognises Crimean Independence (BOMBSHELL) iehi-feed-55509 Sat, 22 Nov 2014 01:10:11 GMT ‘How Ukraine was turned into a failed state in a year' iehi-feed-55508 Sat, 22 Nov 2014 00:51:43 GMT In Change Of Strategy, China Cuts Interest Rate iehi-feed-55504 Fri, 21 Nov 2014 23:35:00 GMT Here Are The Highlights From The Senate's Finding That Banks Manipulate Physical Commodities Since Goldman took over the warehouses, the wait to withdraw LME-warranted metal has increased from about 40 days to more than 600 days, reducing aluminum availability and tripling the regional premium for storage and delivery costs...


On [one] occasion, in November, 2013, Metro loaded aluminum out of one warehouse and moved it into another warehouse about 200 feet away across a parking lot.

iehi-feed-55503 Fri, 21 Nov 2014 23:31:38 GMT Love Them or Loathe... Him? Ron Lieber on Reverse Mortgages - Mandelman Matters iehi-feed-55502 Fri, 21 Nov 2014 18:29:49 GMT De Blasio Hires Convicted Mortgage Scammer As NYC's Ebola Cleanup Czar