Just as the Euro crisis pushed Europe to modernize and adapt its economic and financial governance to the challenges of the 21st century, the terrible US dollar crisis will oblige the world to…
Tag: banking
The Government’s Entire Strategy Was to Cover Up the Truth We noted in 2011 that the Geithner, Bernanke and Paulson lied about the health of the big banks in pitching bailouts to Congress and the American people: The big banks were all insolvent during the 1980s. And they all became insolvent again in 2008. See this and this. The bailouts were certainly rammed down our throats under false pretenses. But here’s the more important point. Paulson and Bernanke falsely stated that the big banks receiving Tarp money were healthy, when they were not. They were insolvent. Tim Geithner falsely stated that the banks passed some time of an objective stress test but they did not. They were insolvent.
One of the Main Indicators of Financial Danger Has Increased The failure to regulate the shadow banking system was one of the causes of the financial crisis. As we noted in 2009, the Bank for International…
Before the campaign contributors lavished billions of dollars on their favorite candidate; and long after they toast their winner or drink to forget their loser, Wall Street was already primed to continue its reign over…
Today MEP (Member European Parliament) Nigel Farage warned King World News that “We are now entering the end game.” Farage also cautioned “We are storing up these huge problems for our children and grandchildren.” Farage…
At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court…
Why Is the Libor Scandal So Important to You? There have been numerous big banking scandals recently. But the Libor scandal is the biggest financial scam in world history. See this and this. The former…
Governments On Both Sides of the Atlantic Try to Put Lipstick on a Pig We noted yesterday that the big banks have criminally conspired since 2005 to rig $800 trillion dollar Libor-based market. Barclay’s chairman says…
Bernie Madoff’s pyramid scheme was a dry run, for the banking pyramid scheme that brought about the 2008 world wide recession which was a dry run for the real one, A Giant world wide pyramid….
BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands…