This perspective from economic historian Michael Hudson contains some serious ‘heads up’ moments. Reading it one is forced to contemplate the potential outcomes in the devolving world of bankster controlled public policy now clearly pointed toward the destruction of the public good in favor of corrupt private creditors. And no change seems to be coming, [...]
Archive for the ‘Finance/Economy’ Category
Bill Black’s Response to Obama’s 40,000 Feet Non Speak
26
Dec
While there has been quite a bit of coverage of Bill’s initial post – Dante’s Divine Comedy Bankster Style, this second post is, in our opinion, more concise, and direct in its calling out of the flaws in the Bush/Obama response to the financial crisis and the reality of what the Dodd Frank Bill did [...]
Charles Hugh Smith: When Things Fall Apart: Disorientation, Desperation, Chaos
09
Dec
When Things Fall Apart: Disorientation, Desperation, Chaos Submitted by Charles Hugh Smith from Of Two Minds When Things Fall Apart: Disorientation, Desperation, Chaos The global “shadow” banking system is unraveling, with dire consequences for financial assets and failed policies. We’re not used to things falling apart, and so our first reaction is disorientation. What we’ve [...]
ZeroHedge: Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else
08
Dec
If you ever needed to understand what the ‘shadow banking’ system meant, this article should make it very clear. It should also make it clear the entire financial system of the world is now over leveraged to a degree that only one quarter of the liabilities in the system are backed by any collateral. This [...]
Paul Jay: The Super Committee and the Attack on Labor – On To Orwell’s Guide to the News
02
Dec
While the super committee fails to act and joins the President in playing out their clearly long term agenda of imposing the new two tier contract system of massive wage reductions across the country (it’s already happening, in case you missed it) then we had all berst be well prepared for the massive decline in [...]
Ellen Brown: Straight Talk About EU Austerity, Destruction of Nations and the Ongoing Financial Pillaging of the People
01
Dec
In another succinct and direct piece, Ms. Brown lays out for all to see the hypocrisy of the financial system, the overlord international bankers and the destruction of the wealth of the people around the world. THE E.C.B. FIDDLES WHILE ROME BURNS Posted on November 29, 2011 by Ellen Brown “To some people, the European Central [...]
Remote Processing of Assignments and Other Evidence of Continuing Fraud in the Banking Sector
30
Nov
In a piece posted up at Naked Capitalism, Michael Olenick asks the question: Are Remotely Processed Assignments Another Smoking Gun? It’s an important question, and one which has not, until now, been raised anywhere else we have seen. In his final few paragraphs Mr. Olenick lays it out fairly plainly,, however, we would go one [...]
Michael Hudson on Reforming the US Financial and Tax System
29
Nov
In order to create lasting change in the financial world of banking as we know it today, we must become educated enough to understand the system as it currently operates and to identify the pitfalls of the power elite ‘solutions’ offered up in order to consolidate their controlling interests. We present this piece by Michael [...]
On The Front Lines of Foreclosure: April Charney Interview on Mandelman
29
Nov
If you’ve been paying any attention at all in the last half decade or so, you know there is a ‘housing crisis’. If you have more than half a brain worth of awareness you know this is a ‘banking crisis’ and not a ‘housing crisis’ and if you are at all alive, you know, either [...]
Corporate Psychopathy: The Root of the Global Financial Crisis?
21
Nov
We’ve excerpted quite a bit of this article from SOTT.net here because there is so much important information in it – however, it is not the complete article. You will find the link to the full article at SOTT.net in the headline and again at the foot of the piece. Additionally, we have included the [...]
