
Gold Ring speculators led by arch-conspirator Jay Gould and James Fisk, Jr., drove up gold prices on September 24, 1869, causing the Black Friday panic and months of economic upheaval. (Updated: May 2025)

Sometimes the most defining moments of our careers happen not when we achieve great success, but when we decide what we won’t tolerate in pursuit of that success.
(Updated June 2025)

Do derivatives confuse you? Do you hate bond math? We feel the same way! So we simplified your life with headache free QE math.
— The Federal Reserve Board We-Hate-Math Committee

After witnessing the Islamic Republic of Iran systematically violate human rights, persecute religious minorities, adopt sharia law, murder dissidents, and force the judiciary to serve the Ministry of Intelligence, I’ve reached a stark conclusion: the worst thing that can happen to any free Western nation is allowing Islamic fundamentalists to gain control of government. Most

Updated in June 2025 from October 6, 2009 commentary by Janet Tavakoli Executive Summary Sixteen years after my initial commentary warning of China’s challenge to the dollar’s dominance, the trajectory I identified has not only continued but accelerated dramatically. What began as isolated Chinese bank defaults on derivatives contracts has evolved into a comprehensive, multi-faceted

Cash in customers’ accounts may be invested in allowable transactions, and MF was allowed to make extra revenue from the income. But what isn’t allowed, and what MF Global apparently admitted to doing, is to commingle customers’ money with its own and take money from customers’ accounts to meet margin calls on MF Global’s own allowable transactions. Even if all of the money is eventually clawed back and recovered, this remains an impermissible act.
Note: This was the lead article in the Spring 2019 edition. The Journal of Structured Finance Spring 2019, 25 (1) 8-20; Janet M. Tavakoli
C-Span Washington Journal – December 9, 2010. Susan Swain and Janet Tavakoli

At issue is self-determination, the ability to make and enforce laws. It is unwise to ignore that 1,000 years of English Common Law, a legal system that was successfully exported around the world, was on the brink of eradication.

Don’t you just love the phrase, “prepared to buy foreign currency in unlimited quantities.” Some central banks were prepared to sell in unlimited quantities,
Thomas Peterffy, Chairman and CEO of Interactive Brokers, proposed this solution years ago, including in testimony before the U.S. Congress.
In September 2014, Tavakoli asked His Excellency Iyad bin Amin Madani, Secretary General of the Organization of Islamic Cooperation (OIC), why criminals from so many different countries and cultures continue to band together in the name of Islam to commit mayhem and murder authorized by the highest levels of Islamic clergy.
He dodged the question.
Unveiled Threat is her response based on her personal experiences and study of the roots of terrorism.