If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in value by well [...]
by Charles Hugh-Smith of OfTwoMinds blog,
Does the Federal Reserve benefit the nation, or just the banks?
Cui bono–to whose benefit?–is a skeptic’s scalpel that cuts through the fat of propaganda and political expediency to the hard truth. Since the world has been trained (in Pavlovian fashion) to hang on every word issued by America’s privately owned central bank, the Federal Reserve, it’s appropriate to ask a simple but profound question:
Who benefits from the [...]
In an exclusive report Zero Hedge yesterday presented the connection between the 16 BBA member banks, and something far more sinister: the sleepy, quiet (just as they want it) universe of Swiss hedge funds and private banks. One of our key focuses was on a gentleman named Michael Zrihen. We said : “So allegedly Zrihen, who now works in Geneva (keep a note of this), manipulated Libor at CA, and is now [...]
In today’s world, there are many who want government to regulate and control everything. The most bizarre instance, though — more bizarre even than banning the sale of large-sized sugary drinks — is surely central banking.
Why? Well, central banking was created to replace something that was already working well. Banking panics and bank runs happen, and they have always happened as long as there has been banking.
But the old [...]
The Economic Collapse
#1 Lloyd’s of London is publicly admitting that it is rapidly making preparations for a collapse of the eurozone.
#2 According to the New York Times, top global law firms are advising their clients to withdraw all cash and all other liquid assets from Greece….
So their advice is blunt: Remove cash and other liquid assets from Greece and prepare to take a short-term hit on any other investments.
“My personal view is that it is [...]
Either self-government is to be salvaged from what remains of the private market economy and freedom, or what remains is slavery - with “a single market, a single currency and a single central bank” under a European Union “Ministry of Finance,” as proposed by former ECB President Jean-Claude Trichet.
The goal of the IMF from its inception has been to create a world currency – a prevailing fiat-money banking system that will make world government possible, that will [...]
April 20, 2012
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective … A Bank for International Settlements working paper, released on April 18, lauds the monetary policy frameworks adopted by Asian central banks in achieving price stability since the Asian financial crisis. The paper’s author, Andrew Filardo, writes that the monetary policy frameworks adopted by Asian central bankssince the financial crisis [...]
by Simon Black, Sovereign Man
April 13, 2012
Jim Rogers has famously commented that, if you were smart in the 18th century, you moved to France. If you were smart in the 19th century, you moved to England. If you were smart in the 20th century, you moved to the US. And if you’re smart in the 21st century, you move to Asia.
It’s an absolutely true statement. Each time I’m in Asia, I’m overwhelmed at not only [...]
March 1, 2012
A Greek brainstorming session would sound something like this:
Default! Downgrade! Bond Swap! ECB Bailout! Austerity Measures! IMF Recipes! Riots! Euro Collapse! Pay up!!
Can anybody make any sense out of this??
Let’s try… Because it’s a question of joining the dots… correctly!
First and foremost, Sovereign Debt “Crises” explode, then collapse only to “resurrect” bigger and fatter according to a Model: let’s call it “The Shylock Model” after William Shakespeare’s [...]
Private equity leveraged buyouts (P.E. LBOs) typically put up 10% of their own collateral (although Romney would sometimes only put up 5% to 6%) with the remaining 90% from bank loans taken out against the buyout target company. This loads the company with extreme amounts of debt, which greatly reduces their taxes due to the greater tax deductibility from debt interest payments. (Equity dividends are always taxed higher than debt [...]
One reason for no action is that the problem has never been expressed in simple enough terms. The average person simply doesn’t understand the problem. Here is my take on it:
If the Fed makes $100, but we taxpayers owe them $101.00 in return, where do we get the extra dollar to repay them? From the Fed?? Yes, from the Fed because there are no dollars except [...]
We need to remember that the reason private bankers want control of the politicians is to have access to all the financial resources that exist, not just the monies in the U.S. Treasury. And, remember, U.S. Treasurer Timothy Geithner is an agent of the bankers.
Once the international bankers have control of the public officials, they then are essentially executor of all the value in the [...]
So the first thing to recognize in support of the Empire, which the neocons do here, is to name the potential enemies of the Empire — “terrorists” such as al-Qaeda and Hezbollah (not to forget Hamas, Syria and Iran). The Hannity/Limbaugh line finds every enemy of Israel in every freedom fighter movement. It’s troubling to me that pro-war neocon Stratfor (i.e. George Friedman) has become [...]