By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. — Halftime in America, Clint,Eastwood calls it. Halftime? No folks, the game’s in overtime for Wall Street, the Super Rich and their “mutant capitalism,” as Jack Bogle calls America’s out-of-whack economic system in his “Battle for the Soul of Capitalism.”
It’s an economy so distorted we’re creating an ever-widening inequity gap bigger than the one that ignited the 1929 Crash [...]
Every Fed action involves the choice of winners and losers. In evaluating such actions it’s important to recognize that the Federal Reserve Board is an entity established by bankers for bankers. That recognition explains why maintaining the health of banks and bankers always appears to be the most important objective in any rescue effort. That intention becomes all the more galling in the current instance in which ultra-wealthy bankers, whose firms [...]
From Washington Times:
With homosexuals now able to serve openly in the military, the gay rights movement’s next battleground is to persuade the Obama administration to end the armed forces’ ban on “transgenders,” a group that includes transsexuals and cross-dressers.
“Our position is that the military should re-examine the policy, the medical regulations, so as to allow open service for transgender people,” said Vincent Paolo Villano, spokesman [...]
FOR the last three years we have been told repeatedly by government officials that funneling hundreds of billions of dollars to large and teetering banks during the credit crisis was necessary to save the financial system, and beneficial to Main Street…
Bloomberg reported that the Fed had provided a stunning $1.2 trillion to large global financial institutions at the peak of its crisis lending in [...]
This problem is clearly solved in Islamic banking, where we tie risk with reward. If you buy a stock you own a piece of the pie, and you tie risk with reward.
If you charge people for money instead, you do not tie yourself down to that investement. Usury is the idea of charging for money. It makes sense, in retrospect, why the [...]
by Joe Crash
A very promising future, if we can cut union pay and benefits is better than to raise taxes to an already consumer, that is obfuscated with a lot of taxes such as estate tax, property tax, sales tax, income tax, dividend tax, capital gain tax, gasoline tax and in addition fees.
The reality of strapped governments having to meet these promises is clashing with [...]
Might be common knowledge for you guys, scary to me! Possibly explains the down in the morning and up by evening routine, it seems there are none political systems that might have the power to operate such a machine as the stock market;
“The international bankers have succeeded in doing more than just
controlling the money supply. Today they actually create the money
supply, while making it appear to be created by the [...]