Call it Canada’s “New Century” moment… Read More Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History
Germans have a soft spot for physical lucre while the ECB and Europe’s executive branch, the European Commission, have openly expressed their desire to suppress, or even punish, its use… Read More War on Cash Puts ECB, EU on Collision Course with Germany
With the blessing of its regulators, including the Federal Reserve, Citigroup was allowed to replicate the precise banking model which had brought on the 1929 crash and Great Depression: it was allowed to hold savings deposits while making wild speculations on Wall Street and selling bogus stocks to the hapless public… Read More Why Hasn’t Citigroup’s Banking Charter Been Yanked?
“The ECB’s accountability framework is not appropriate for the far-reaching political decisions taken by the Governing Council”… Read More Shock, Horror: ECB Not as “Independent” as it Claims – Report
The main substantive achievement of neoliberalism has been to redistribute, rather than to generate, wealth and income… Read More From Neo-liberalism to Neo-feudalism
In this feature-length documentary film, The Corbett Report pulls back the curtain on America’s most misunderstood institution.… Read More Century of Enslavement: The History of The Federal Reserve
In Greece and Cyprus, two of the Eurozone’s most bailed out economies, virtually half of all the bank loans are toxic… Read More Deepening EU Banking Crisis Meets Euro-TARP on Angel Dust
To the ECB’s barely contained glee, inflation is back, alive, kicking and biting, in the Eurozone.… Read More ECB Trapped in its Own “Doom Loop” as Inflation Surges
We are living during the greatest debt bubble in the history of the world, and our financial engineers have got to keep figuring out ways to keep it growing much faster than global GDP because if it ever stops growing it will burst and destroy the entire global financial system… Read More $21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode
Vast liabilities are being switched quietly from private banks and investment funds onto the shoulders of taxpayers across southern Europe. It is a variant of the tragic episode in Greece, but this time on a far larger scale, and with systemic global implications.… Read More Unpayable Debts and an Existential EU Financial Crisis – Are Eurozone Central Banks Still Solvent?
Check the newswire on any given day and you’ll see any number of government regulators looking to get their regulatory mitts on the cryptocurrency.… Read More The Coming Bitcoin Crackdown
Rarely heard in association with senior central bankers and financial regulators are words or expressions like “accused”, “charged” or “under investigation.” But in Spain this week a court broke with that tradition, in emphatic style.… Read More The Unthinkable Just Happened in Spain