Source – imf.org – “Fractional Reserve Banking” Methods Used By Major Financial Institutions: The bank begins the pyramid scheme by taking your deposit (which you might think goes into the vault) and they loan most of it out. In fact, generally, with some variation, for every $1 dollar that you deposit, the bank will loan…
Source – thedailycoin.org – Everyone who looks for the truth knows that the U.S. economy is collapsing. If one were to apply the accounting standards used in 1990 to the S&P 500 earnings, one would find that the current p/e ratio on the S&P 500 is the highest in history – by several magnitudes. But…
Source – globaleconomicanalysis.blogspot.com – How Fast is China Growing? Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%, to 8% to 7.5%. China’s growth target for 2015 is 7.0%. Many question those growth estimates. I certainly do. Chinese growth is…
Source – occupy.com – In previous installments, this series has examined the historical role played by Bilderberg meetings in influencing major institutions and policies across North America and Western Europe over the past half century; the role of the meetings in supporting the rise of corporate and financial-friendly politicians to high office; the representation of…
Source – theautomaticearth.com – The entire formerly rich world is addicted to debt, and it is not capable of shaking that addiction. Not until the whole facade that was built to hide this addiction must and will come crashing down along with the corpus itself. Central banks are a huge part of keeping the disease…
Source – investmentwatchblog.com – Last month it was revealed that former federal reserve Chairman Alan Greenspan, the architect of U.S. monetary policy under four Presidents, is anticipating a significant market event as a result of the trillions of dollars that have been pumped into the system over the last several years. According to Greenspan, something big…
Source – strategic-culture.org – Although many funerals have been held for the US dollar, still it lives on. On the eve of the collapse of the Bretton Woods currency system, the dollar made up almost 80% of global foreign-exchange reserves (in 1970 it totaled 77.2%, and in 1972 – 78.6%). Then, after the transition to…
Source – occupy.com – This is the seventh installment in a series looking at the activities and individuals behind the Bilderberg Group. Read the first part, second part, third part, fourth part, fifth part and sixth part in the series. Throughout the course of the financial and debt crises in Europe, politicians played a supporting role to financial markets and financial technocrats…
Source – washingtonsblog.com – High-Level Fed Official: QE Is “The Greatest Backdoor Wall Street Bailout of All Time” – Many economists have said that quantitative easing (QE) quantitative easing benefits the rich, and hurts the little guy. It’s been known for some time that quantitative easing quantitative easing increases inequality (and see this and this.)…
Source – occupy.com –This is the sixth installment in a series examining the activities and individuals behind the Bilderberg Group. Read the first part, second part, third part, fourth part, and fifth part in the series. It could almost be a slogan: Bilderberg brings people together. Specifically, every year, the Bilderberg Group holds secret, “private” meetings at four star hotels around…
Source – independent.co.uk – Billions of pounds of corruptly gained money has been laundered by criminals and foreign officials buying upmarket London properties through anonymous offshore front companies – making the city arguably the world capital of money laundering. Some 36,342 properties in London have been bought through hidden companies in offshore havens and while…
Source – keeptalkinggreece.com – This was never said officially before! “They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. Batista strongly criticized not only the euro zone and the European Central Bank but also the…
Source – wallstreetonparade.com – Yesterday, the Senate Banking Committee held the first of its hearings on widespread demands to reform the Federal Reserve to make it more transparent and accountable. Senator Elizabeth Warren put her finger on the pulse of the growing public outrage over how the Federal Reserve conducts much of its operations in…
Source – moneyfornothingthemovie.org – Narrated by the acclaimed actor Liev Schreiber, and featuring interviews with Paul Volcker, Janet Yellen, Jeremy Grantham and many of the world’s best financial minds, Money For Nothing is the first film ever to take viewers inside the world’s most powerful financial institution. MONEY FOR NOTHING is a feature-length documentary about the Federal Reserve – made…
Source – mybudget360.com – Economic recoveries take on a variety of shape and sizes. With stock markets reaching new highs you would expect that some of the fruits of this boom would trickle down to American workers. But some of the booming trends are continuing on the path of low wage labor and certainly, of…
Source – pro.dentresearch.com – David Stockman, architect of President Reagan’s economic turnaround known as ‘Morning in America’, warns of the looming collapse of free market prosperity and the destruction of American wealth. “The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’…
Source – econmatters.com – In previous crises, there was always a price paid for rescuing depositors. The 1984 failure of the country’s seventh-largest bank, Continental Illinois, forced the government to step in and guarantee depositors in full. The bank was finally absorbed by Bank of America in 1994, but the bank’s shareholders and management were…
Source – hangthebankers.com – Hackers in Eastern Europe are bleeding banks dry, stealing as much as $1 billion from more than 100 financial institutions in a string of attacks that borrow heavily from targeted attacks against sensitive government and industrial targets. Researchers from Kaspersky Lab on Monday will present details on the Carbanak criminal gang, which is also targeting…
Source – panafricannews.blogspot.ca – James Petras was Director of the Center for Mediterranean Studies in Athens (1981-1984) and adviser to Prime Minister Andreas Papandreou (1981-84). Here he analyzes the Greek crisis and its issues within the European Union. The Greek government is currently locked in a life and death struggle with the elite which dominate…
Source – deutsche-wirtschafts-nachrichten.de – The US government insists on a tightening of sanctions against Russia, and demands that the EU follow suit. Washington now wants sanctions that will have a “devastating” effect, which Russia must “suffer.” Financial measures are planned to trigger a wave of bankruptcies in Russia. British Foreign Secretary Philip Hammond over the weekend had a visit by US Secretary…
Source – teaparty.org – With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know…
Source – ellenbrown.com – ” The fliers touted new ballfields, science labs and modern classrooms. They didn’t mention the crushing debt or the investment bank that stood to make millions. — Melody Peterson, Orange County Register, February 15, 2013 – Remember when Goldman Sachs…
Source – occupy.com,by Andrew Gavin Marshall – This is the fourth installment in a series that examines the activities and individuals driving the Bilderberg Group. Read the first part, second part and third part. In the previous Bilderberg article, I wrote that financial markets were “a type of global parasite with unprecedented power capable of determining the fate of…
Source – charleshughsmith.blogspot.ca – With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region as a newly minted colony. What’s the benefit of controlling colonies?In…
Source – washingtonsblog.com – The UK Guardian is Earth’s third most-read on-line newspaper. In a revealing article, The truth is out: money is just an IOU, and the banks are rolling it in, the author explains what the Bank of England and US Federal Reserve admit: What we use for money is created as debt…
Source – sovereignman.com – It’s not very often that you hear a senior government official refer to their economic situation using the word ‘crisis’. Yet with uncharacteristic bluntness of any government official anywhere, at least one senior Chinese government official is sounding the alarm bells. And he would know Guan Tao oversees the foreign…
Source – occupy.com, By Andrew Gavin Marshall – This is the third installment in a series examining the activities and individuals driving the Bilderberg Group. Read the first part hereand the second part here. This article looks at the published lists of participants attending recent Bilderberg meetings, specifically ones that took place between 2008 and 2014. From…
Source – telegraph.co.uk – The world’s oldest central bank has ventured into uncharted territory. Last week, Sweden’s Riksbank slashed its main policy rate into negative territory. In doing so, it became the 14th central bank to ease monetary policy so far this year, but the first to actually take its “repo rate” below zero to…
Source – icij.org – Seychelles, a thousand miles from anywhere, is an offshore magnet for money launderers and tax dodgers. A look at this corruption-haunted archipelago shows how the offshore secrecy system has grown — and where it’s going. In the fall of 2012, two strangers from Africa showed up in Seychelles, an emerald-green archipelago…
Source – goldcore.com – Sophisticated “Ocean’s 11″ style heist is one of the largest in history – Hackers remotely accessed bank computers to manipulate accounts and A.T.M.s. – Banking groups make no comment – Details expose incredible systemic vulnerability An international group of cyber criminals have stolen at least $300,000,000 from over 100 banking and…
Source – theguardian.com – Auditors criticise ‘inadequate controls’ over distribution of funds, suggesting mismanagement slowed the government’s fight against the virus Sierra Leone has failed to properly account for almost a third of the money allocated to fight Ebola, national auditors have found. These undocumented losses may have slowed the country’s emergency response to the…
Source – theguardian.com – The US government will come under intense pressure this week to explain what action it took after receiving a massive cache of leaked data that revealed how the Swiss banking arm of HSBC, the world’s second-largest bank, helped wealthy customers conceal billions of dollars of assets. The leaked files, which reveal…
Source – davidstockmanscontracorner.com – No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: “Hiring, Wages Pick Up as Job Market Nears Full Health”. Whether the job market is actually as red hot as the BLS’ headline numbers is a debatable topic, but it is absolutely clear that the “emergency” the…
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