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Australian Greg Coffey owns sprawling estate in Scotland and mansions across world Dubbed ‘the Wizard of Oz’, he announced resignation to investors after 20 years in the industry At the age of 41, he is one of the UK’s biggest hedge fund stars, having amassed a fortune of $700million. But with mansion properties spanning the globe and a family to look after, he has decided to take early retirement. Top City trader Greg [...] BY HOLMAN W. JENKINS, JR. Ignore the man behind the curtain, said the Wizard of Oz. That advice doesn’t pay in the latest scandal of the century, over manipulation of Libor, or the London Interbank Offered Rate. The mess is one more proof of the failing wizardry of the First World’s monetary-cum-banking arrangements. Libor is a reference point for interest rates on everything from auto loans and mortgages to commercial credit and [...] The realization has been shockingly slow, but the lamestream media, such as Bloomberg, is picking up on how toxic the LTRO program has been to the merda-storm countries’ banks. Today, they ran a clip on how Spanish banks borrowed LTRO funds to speculate on Spanish sovereigns at prices that are now well underwater. That’s what happens when the artificial buying frenzy has come and gone. The fact that the Spanish 5-year CDS hit [...] by smartknowledgeu There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to precent people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV are NOT proxies for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim). To [...] MGM Studio Files for Bankruptcy, http://abcnews.go.com/Business/wireStory?id=12045102 NEW YORK (Reuters) – Metro-Goldwyn-Mayer Studios Inc filed for bankruptcy on Wednesday, under a plan that would put one of Hollywood’s most storied film studios under the control of its lenders. The Chapter 11 filing follows a vote by MGM creditors last week to endorse a “prepackaged” bankruptcy that would put MGM under the control of Hollywood executives Gary Barber and Roger Birnbaum, [...] |
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Who ever controls the QUANTITY of money in circulation controls the government and the people.
by anonymous
The Federal Reserve System is a PRIVATE CORPORATION that controls the quantity of money in the system. It makes huge profits guaranteed by taxes. Repayment of interest to the central banks creates deflation.
See behind the curtain with ‘Secret of Oz,’ ‘Money as Debt,’ and ‘Creature from Jekyll Island’ documentaries on youtube. They show how and who the national debt is really owed.
Write your representatives and the President and [...]