What has changed the course of economic history in the United States and put the country on a debt-fueled disaster course is the Wall Street crash of 2008 and the bailouts, both monetary and fiscal, that have followed ever since… Read More Within a Matter of Months, the Fed’s Balance Sheet Will Hit $8 Trillion; These Charts Tell the Rest of the Story
In their zeal for control over online speech, House Democrats are getting closer and closer to the constitutional line, if they have not already crossed it… Read More Congress Escalates Pressure on Tech Giants to Censor More, Threatening the First Amendment
The advent of a Draghi government speaks volumes about the nature of Italian (post-)democracy, and the perverse effects that the euro has had on the country’s economic, social and political fabric… Read More Mario Draghi Is the Problem, Not the Solution
The reason that the young people placing trades at Robinhood are viewed as “the product” that Robinhood is selling to Citadel Securities is that Wall Street has long viewed retail orders as the “dumb money” it would like to trade against… Read More GameStop Hearing Exposes a Sick Business Model Destined to Exacerbate Wealth Inequality in America
Barclays, Citi, JPMorgan sued by investors over FX-rigging… Read More FX Rigging May Have Spread to 200 Chat Rooms, Lawyer Says
The demand for silver may temporarily exceed available supply that is acceptable for delivery.”… Read More Twilight Zone as ETF Provider Warns Buying Silver will Harm Hedge Funds and Large Banks
The man who hawked the shares of GameStop on Reddit’s WallStreetBets’ message board, far from being an “amateur trader,” actually held sophisticated trading licenses and was registered with the broker-dealer unit of MassMutual… Read More Subpoenas Start to Fly in the GameStop Saga as a Dude Sitting in Federal Prison Offers Guidance
Five years ago, official abuses of secrecy were the scandal. Today, the scandal is you… Read More The War on Privacy
The bottom line here: there was a high probability that no matter what online brokerage firm Redditors sent their GameStop orders to initially, Ken Griffin’s Citadel Securities was getting a piece of the action in the end. By Pam Martens and Russ Martens of Wall Street on Parade. Since 2000, the Securities and Exchange Commission… Read More Citadel Is Paying for Order Flow from Nine OnLine Brokerage Firms – Not Just Robinhood
Jeff Bezos’s newspaper is weaponizing fact checking to slander Bernie Sanders and defend GOP tax cuts that enrich billionaires and Amazon. Democracy dies in darkness.… Read More Lies, Damn Lies, And Fact Checking
Welcome to the most lop-sided playing field in the history of markets… Read More Citadel Didn’t Just Bail Out a GameStop Short Seller; Citadel Also Had a Big Short Position in GameStop
Crossing the Rubicon of class.… Read More Oligarchy in America
