Showing posts with label crooked wall street banks. Show all posts
Showing posts with label crooked wall street banks. Show all posts
Thursday, February 7, 2013
Monday, January 14, 2013
Thursday, January 10, 2013
''The 9 Step Process Bankers Use to Force Global Slavery Upon Humanity''
From smartknowledgeU via ZeroHedge
''Simon Johnson wrote about how bankers have taken over governments in his excellent article "The Quiet Coup". These two excellent articles, here and here, explain how banks directed state police and government surveillance agencies to crush all dissent and opposition to their criminal activities. The fact that state police and government agencies bowed down to the bankers like subservient servants proves that these countries in which such incidences are taking place have long been far more fascist than democratic. Mussolini or Pinochet could not have asked for better cooperation and greater obedience from state police and government surveillance agencies than the bankers received.''
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''Simon Johnson wrote about how bankers have taken over governments in his excellent article "The Quiet Coup". These two excellent articles, here and here, explain how banks directed state police and government surveillance agencies to crush all dissent and opposition to their criminal activities. The fact that state police and government agencies bowed down to the bankers like subservient servants proves that these countries in which such incidences are taking place have long been far more fascist than democratic. Mussolini or Pinochet could not have asked for better cooperation and greater obedience from state police and government surveillance agencies than the bankers received.''
read more
Friday, December 21, 2012
Thursday, December 20, 2012
''Financial Armageddon: The Corruption of Our Currency''
Book Review
''What is money? Is it the all-too-common dollar bill? Coins made by the U.S. mint? A credit card or checkbook? Our founding fathers did not think so, and unfortunately, we the people have bought into the idea that items other than gold and silver can be used as money. How do we avoid the inevitable and survive the economic collapse that will occur, perhaps in the near future? The anwer is simple: we must return to the system of "just weights and measure" as is outlined in the Constitution and the scriptures.''
read more
''What is money? Is it the all-too-common dollar bill? Coins made by the U.S. mint? A credit card or checkbook? Our founding fathers did not think so, and unfortunately, we the people have bought into the idea that items other than gold and silver can be used as money. How do we avoid the inevitable and survive the economic collapse that will occur, perhaps in the near future? The anwer is simple: we must return to the system of "just weights and measure" as is outlined in the Constitution and the scriptures.''
read more
''2-yr slog ends as SEC approves first U.S. physical copper-backed ETF''
From MineWeb
''The Securities and Exchange Commission has approved the first physical copper exchange-traded fund, over the concerns of copper fabricators who contend it will hurt their industry by putting too much copper in investors’ hands.
The proposed JPM XF Physical Copper Trust will be listed on NYSE Arca and will initially be backed by 61,800 tonnes of copper (30% of the copper available for immediate delivery globally), compared to current copper ETFs, which are backed by futures.''
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''The Securities and Exchange Commission has approved the first physical copper exchange-traded fund, over the concerns of copper fabricators who contend it will hurt their industry by putting too much copper in investors’ hands.
The proposed JPM XF Physical Copper Trust will be listed on NYSE Arca and will initially be backed by 61,800 tonnes of copper (30% of the copper available for immediate delivery globally), compared to current copper ETFs, which are backed by futures.''
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“Watching your money disappear”
From Detlev Schlichter
''In fact, throughout history, every experiment with complete paper money systems – systems in which the money supply is not restricted by the available stock of a scarce commodity such as gold or silver but in which it is entirely unconstrained –, every experiment with totally elastic money ended in failure.''
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''In fact, throughout history, every experiment with complete paper money systems – systems in which the money supply is not restricted by the available stock of a scarce commodity such as gold or silver but in which it is entirely unconstrained –, every experiment with totally elastic money ended in failure.''
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''The Economic Hunger Games''
From ZeroHedge
''Borrowing future standards of living to enhance current standards of living is all credit is about. Here the currency is energy (or water resources, or industrial metals) rather than financial credit – but the consequences are essentially the same.''
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''Borrowing future standards of living to enhance current standards of living is all credit is about. Here the currency is energy (or water resources, or industrial metals) rather than financial credit – but the consequences are essentially the same.''
read more
Wednesday, December 19, 2012
''Deutsche Bank Slides into a Swamp of Scandal''
From SpiegelOnline
''Deutsche Bank was once Germany's proudest financial institution. Now, though, the giant is facing myriad investigations, legal troubles, scandals and accusations of malfeasance. Its current leadership has pledged a new beginning, but several executives are tainted as well.''
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''Deutsche Bank was once Germany's proudest financial institution. Now, though, the giant is facing myriad investigations, legal troubles, scandals and accusations of malfeasance. Its current leadership has pledged a new beginning, but several executives are tainted as well.''
read more
''How antitrust economists are getting better at spotting cartels''
From The Economist
''THESE are nervy times for price-fixers. Banks that allegedly manipulated LIBOR, an interbank interest rate, are awaiting their punishment. At $800 trillion, the market is the largest ever to have been rigged. Fines to follow that imposed on Barclays in the summer are expected soon for other rate-fixing banks; this week saw the first arrests connected with the LIBOR scandal. Other cartels also have reason to be jumpy. The LIBOR case provides a good example of how competition authorities can use price data to scan markets, quickly spotting even small-scale collusion.''
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''THESE are nervy times for price-fixers. Banks that allegedly manipulated LIBOR, an interbank interest rate, are awaiting their punishment. At $800 trillion, the market is the largest ever to have been rigged. Fines to follow that imposed on Barclays in the summer are expected soon for other rate-fixing banks; this week saw the first arrests connected with the LIBOR scandal. Other cartels also have reason to be jumpy. The LIBOR case provides a good example of how competition authorities can use price data to scan markets, quickly spotting even small-scale collusion.''
read more
''Fiscal Cliff Is a Diversion From Dollar Bubble Trouble''
From Market Oracle
By Paul Craig Roberts
......'' the entire economic policy of the United States is dedicated to saving four banks that are too large to fail. The banks are too large to fail only because deregulation permitted financial concentration, as if the Anti-Trust Act did not exist.''
''The purpose of QE is to keep the prices of debt, which supports the banks’ bets, high. The Federal Reserve claims that the purpose of its massive monetization of debt is to help the economy with low interest rates and increased home sales. But the Fed’s policy is hurting the economy by depriving savers, especially the retired, of interest income, forcing them to draw down their savings. Real interest rates paid on CDs, money market funds, and bonds are lower than the rate of inflation.''
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By Paul Craig Roberts
......'' the entire economic policy of the United States is dedicated to saving four banks that are too large to fail. The banks are too large to fail only because deregulation permitted financial concentration, as if the Anti-Trust Act did not exist.''
''The purpose of QE is to keep the prices of debt, which supports the banks’ bets, high. The Federal Reserve claims that the purpose of its massive monetization of debt is to help the economy with low interest rates and increased home sales. But the Fed’s policy is hurting the economy by depriving savers, especially the retired, of interest income, forcing them to draw down their savings. Real interest rates paid on CDs, money market funds, and bonds are lower than the rate of inflation.''
read more
Tuesday, December 18, 2012
''The Necessity of Smashing The Big Bank Oligopoly''
From ETF Daily News
By Jeff Nielson
''It was encouraging to see a recent article in the N.Y. Times arguing for the necessity of smashing the Big Bank Oligopoly in the U.S. Apparently not everyone has forgotten the basic fundamentals of economics.
Going all the way back to Adam Smith; all the economic theorists have acknowledged a central premise of capitalism: oligopolies (and/or monopolies) are predatory, parasitic abominations which can never be allowed to evolve in our economies. Or, as I put more succinctly in a previous commentary, “too big to fail = too big to exist.''
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By Jeff Nielson
''It was encouraging to see a recent article in the N.Y. Times arguing for the necessity of smashing the Big Bank Oligopoly in the U.S. Apparently not everyone has forgotten the basic fundamentals of economics.
Going all the way back to Adam Smith; all the economic theorists have acknowledged a central premise of capitalism: oligopolies (and/or monopolies) are predatory, parasitic abominations which can never be allowed to evolve in our economies. Or, as I put more succinctly in a previous commentary, “too big to fail = too big to exist.''
read more
Monday, December 17, 2012
''Shadow Forces Behind the Government''
From Market Oracle
''Let no man or woman dare speak of a shadow government. The crony corruptocrats that make up the ruling elites of the world must maintain the illusion, that elected governments are based upon willful consent and have the legitimate authority to establish rules of conduct that their citizen are obligated to obey. For those regimes that maintain their grip of power by undemocratic means, the apologists for the international community give a wide berth of acceptance in order to maintain the appearance of individual national sovereignty.''
read more
''Let no man or woman dare speak of a shadow government. The crony corruptocrats that make up the ruling elites of the world must maintain the illusion, that elected governments are based upon willful consent and have the legitimate authority to establish rules of conduct that their citizen are obligated to obey. For those regimes that maintain their grip of power by undemocratic means, the apologists for the international community give a wide berth of acceptance in order to maintain the appearance of individual national sovereignty.''
read more
Sunday, December 16, 2012
''HSBC’s $1.9bn settlement sets (another) dangerous precedent''
From Ian Fraser Blog
''The ‘settlements’ that London-headquartered banks HSBC and Standard Chartered have reached with the US authorities over serious criminal offences — including sanctions-busting and aiding and abetting terrorism and the global drug trade — are a travesty of justice.''
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''The ‘settlements’ that London-headquartered banks HSBC and Standard Chartered have reached with the US authorities over serious criminal offences — including sanctions-busting and aiding and abetting terrorism and the global drug trade — are a travesty of justice.''
read more
Saturday, December 15, 2012
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