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Man Who Predicted In Televised Debate That Swiss National Bank Would See Staggering Losses Now Warns Fed To Experience Massive Losses As Well

Today the man who predicted 8 months ago in a televised debate that the Swiss National Bank would experience staggering losses, and has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that the Fed will also experience massive losses that will destabilize the global financial system!

More belt-tightening ahead as Exxon, Chevron profits dive

US oil giants Chevron and ExxonMobil signaled Friday further belt-tightening ahead as the industry responds to lower oil prices that slammed earnings in the second quarter. Chevron said it was trimming 1,500 jobs as it cuts 2015 capital spending about $5 billion compared with last year. “We’re getting our cost structure down, through renegotiations across the supply chain and by sizing our contractor and employee workforce to reflect lower activity