Rotten To The Core | InvestmentWatch

The Market Is EXPECTING $850 Billion NEW QE And The FED Is Officially INSANE

Last week we discussed what the expectations were for Draghi’s OMT – approximately EUR250bn – which coincidentally provided cover for the rest of the year (conditionally) for the entire new issuance of the European Union. Based on EURUSD’s recent exuberance – something we saw ahead of QE1 and QE2 – the market is now more than primed for some serious USD debasement. The current EURUSD of 1.2850 implies a Fed-to-ECB [...]

The case against Europe: MEP Daniel Hannan reveals the disturbing contempt for democracy at the heart of the EU

Over 13 years as an MEP, Daniel Hannan has witnessed first hand how Brussels works. Now he has written a forensic analysis of why it’s rotten to the core. His devastating critique should be required reading for every politician.

There is a popular joke in Brussels that if the European Union were a country applying to join itself, it would be rejected on the grounds of being undemocratic.

It’s absolutely true – [...]

Greenwald: “The most revealing fact of the Obama presidency is the lack of a single prosecution of Wall Street execs for the massive fraud that caused the 2008 crisis. As long as we maintain impunity, no rational person should expect anything other than pervasive elite corruption and lawbreaking.”

Gretchen Morgenson, the New York Times business reporter,yesterday wrote about aggressive action taken by British financial authorities against top Barclays executives in connection with illegal manipulation of LIBOR interest rates, including the bank’s Chairman, Marcus Agius, and its CEO, Robert E. Diamond Jr., both of whom were forced out of their jobs. In doing so, Morgenson bluntly summarizes the general, governing rules of American justice for financial elites:

“One of the most revealing exchanges in the Barclays documents [...]

Libor: The Largest Insider Trading Scandal Ever

Among other things, the Libor scandal is the largest insider trading scandal of all time.

It also shows that the big banks are literally rotten to the core. And see this.

UC Berkeley economics professor and former Secretary of Labor – Robert Reich – explains today:

What’s the most basic service banks provide? Borrow money and lend it out. You put your savings in a bank to hold in trust, and the bank agrees to pay you [...]

As more and more people awaken to the notion of modern day debt slavery, the fractional reserve banking charlatans & snake oil pitchmen prime the pump in more creative and desperate ways in an effort to discourage people from opting out of debt slavery…

Has anyone/everyone noticed how car dealerships, home builders, mortgage companies, credit card companies and other entities are dishing debt dope to even the deadbeats again?

They have to, in order for the Ponzi of an economic structure that is what fractional reserve banking (with bailed out, and soon to be bailed out again, wards of the state – sucking on the taxpayer teat – at the center of the scam) to [...]

Start the prosecutions NOW. The world’s battered economy can’t heal until the bad people are punished and the bad debt is retired.

by ImpendingDoom

The United States multinationals have sold out to emerging market economies and thus, gutted the American manufacturing base. All the talk of devaluing the currency to boost exports will likely end of a catastrophic collapse of the exchange value of the US dollar. The federal reserve is leading the charge in unleashing the most corrosive and unfair tax on a people in world history (save Germany 1923).

The real problem [...]

It’s all rotten to the core, and it’s all coming down.

by Charles Hugh Smith, Of Two Minds

Every aspect of our economy, from finance, to agriculture, to defense, to legal, to medical, to government has become a disgusting, inhuman racket.

When financial markets have become riddled with fraud, embezzlement and corruption that goes unpunished, then institutional players will avoid that market as crooked: the well has been poisoned.

The full consequences of what I termed The Rot [...]

Wall Street’s Criminal Activities (Video)

by ZH

Stock markets are broken and no trading is encouraged period, which the uninformed and ignorant would know unless they had a desire to chime on anything and everything. As for completely legal, wasn’t Madoff one of those things too?

HuffPo on JPM as a surrogate tax collector:

The NYT on the lose/lose of securities lending in a failed Ponzi environment (full video after the jump).

My Grandad said “when [...]

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