Why Hasn’t Citigroup’s Banking Charter Been Yanked?

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?

$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode

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

Unpayable Debts and an Existential EU Financial Crisis – Are Eurozone Central Banks Still Solvent?

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?