Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix
“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.
“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.
All of these stories collectively pointed to the same thing: These banks, which already [...]
Ever find yourself harking back to ‘the old days’ when you got change from a pound for a loaf of bread, a pint cost pennies not pounds and buying property was relatively affordable?
Well chances you’re not just remembering through rose-tinted glasses – everything was much cheaper, new research reveals.
A study by Lloyds TSB Private Banking has shown how the value of money has fallen by 67 per cent over the past [...]
The man who quit Money
18 April 2012 Last updated at 19:04 ET
Daniel Suelo lives in caves in the canyonlands of Utah. He survives by harvesting wild foods and eating roadkill.
He has no job, no bank account and does not accept government welfare. In fact, Suelo has no money at all.
Suelo may have shunned all the trappings of modern American life, but he is not an isolationist.
Since abandoning money in 2000, [...]
The hunt is on. Many institutional investors fear that developed-world governments will relieve their enormous debt burdens by allowing inflation to erode the real value of money. Inflation hedges, though, are not found easily. Agricultural property has attractions. But ownership brings responsibilities, costs and risks that need close management.
The inflation-adjusted value of U.S. farmland peaked in 1980, according to U.S. Department of Agriculture figures. The USDA expects a new real [...]
by Robert Paulson
Title: How the USA got to where it finds itself, why the full faith and credit of governments is inferior to real assets and how we can fix it once and for all
I used to think like a statist, and I used to agree with them. It’s appealing to redistribute wealth, especially when it’s not fairly achieved.
But what I’ve realized is that the solution [...]
From Jeffrey Snider first posted at RealClearMarkets
Bernanke Employs a Modified ‘Pump and Dump’
Gold is not money, according to Federal Reserve Chairman Bernanke. When pressed on the subject, he demurred that banks, including, I presume, central banks, continue to hold gold due to nothing more than “tradition”. Thus, he feels there is a vast difference between dollars and gold. It is curious word for him to choose [...]
South Carolina is the latest state to propose a bill that would allow gold and silver coins to be used as legal tender.
On Wednesday, American Principles in Action, a conservative non-profit group, announced that the bill has the official support of the South Carolina Republican Party.
“The South Carolina legal tender bill follows the passage of a new law in Utah, which on May 9th became the first state in more [...]
The CEO of JP Morgan, one of the big beneficiaries of the bailouts, received in his total compensation 843 times the median household income of the United States.
Dimon’s total compensation jumped nearly 1,500 percent to $20.8 million in 2010 from $1.3 million a year earlier, based on the U.S. Securities and Exchange Commission’s compensation formula, a regulatory filing showed.
Dimon did even better in terms [...]
Kyle Bass, member of the endowment’s board, explains: “Central banks are printing more money than they ever have… I look at gold as just another currency that they can’t print any more of.”
Gold bars are displayed for a photograph at Tanaka Kikinzoku Jewelry K. K.’s store in Tokyo. Photographer: Tomohiro Ohsumi/Bloomberg
The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took [...]
Credit collectors can be evil. Yes, they often break the law. Yes, they are annoying pests. You got that.
BUT… You stil owe the money if you incurred the debt, even if it’s been sold by the original who was stiffed by YOU. That is the risk you take when you buy something on credit: you know if you don’t pay the debt, it may be sold and/or interest (of [...]
“Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. There is no justification for the existence of money in [...]
Millions of pensioners and risk-averse savers in fixed interest deposits will be the biggest victims ofÂ government-sponsored inflation that amounts to a slow-motion bank robbery.
Now the real value of money â€“ or its purchasing power â€“ is falling at 4.8 per cent, according to the Retail Prices Index (RPI), basic rate taxpayers need a gross return of at least 6 per cent from bank or building society deposits [...]