The 1% leaders of US government, finance/banking, and media are asset-hole lying sacks of spin because none inform the 99% of obvious solutions: including government directly paying for all public goods and services with…
Tag: money
CAGLIARI, Sardinia (Reuters) – Pope Francis made one of his strongest attacks on the global economic system on Sunday, saying it could no longer be based on a “god called money” and urged…
Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden…
The Blow That Killed America 100 Years Ago: A Slow Process But It’s Actually Fast Compared to the Romans “There is a lot of ruin in a nation,” wrote Adam Smith. His point was that it takes a long time for nations to fall, even when they’re dead on their feet. And he was certainly right. America took its fatal blow in 1913, one hundred years ago; it just hasn’t hit the ground yet. This is a slow process, but it’s actually fast compared to the Romans. It took them several centuries to collapse. The confusing thing about our current situation is that America – and by that I mean the noble America that so many of us grew up believing was real – has long been poisoned. Its liver, kidneys, and spleen have all stopped functioning. Its heart beats slowly and irregularly. But it still stands on its feet and presents itself as alive to all those who would let their eyes fool them.
Arab Oil Cash to Kill Democracy in Egypt In order to determine whether the turmoil in Egypt is in the best interests of the mass of ordinary Egyptians, we should use the trusted maxim – follow the money. Within hours of the military’s arrest last week of now-deposed President Mohamed Morsi, the Persian Gulf Arab monarchies were offering their congratulations to defense minister Abdel Fattah Al-Sisi and the new interim president, Adli Mansour. With Morsi still under arrest, incommunicado, and his whereabouts as yet unknown, the Persian Gulf oil kingdoms this week have swiftly moved, in the words of the Financial Times, “to prop up” the new rulers of Egypt with USD 12 billion in cash grants, central bank deposits and oil deals. That capital transfusion is seen as critical to bailing out the sinking Egyptian economy and ensuring the viability of the military-led interim administration.
A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money. When Dutch Finance Minister Jeroen Dijsselbloem told reporterson March 13, 2013, that the Cyprus deposit confiscation scheme would be…
There is good news in the Boston Globe today for the managers, development directors, visionaries, political hacks and propaganda flacks who run “the Progressive Movement.” More easy-to-earn and easy-to-hide soft money, millions of dollars, will be…
Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of the improprieties by big banks: Funding the Nazis Laundering money for Terrorists Financing illegal arms deals, and funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world Launching a coup against the President of the United States Handling money for rogue military operations Laundering money for drug cartels. See this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis) Engaging in mafia-style big-rigging fraud against local governments. See this, this and this Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here,here, here, here, here, here, here and here Manipulating gold prices … on a daily basis
for unto this people shalt thou divide for an inheritance the land—Joshua 1:6 Imagine Imagine that you are rich. Imagine that you form part of an international corporation which is not listed in any country…
Federal Reserve Policy Has Levied a Hidden Tax On All Americans Bloomberg asks whether inflation is the legacy of the Fed: The answer is clearly YES. The dollar’s purchasing power has plummeted from 1913…