A critical consideration in taking the Federal Reserve and/or the New York Fed at their word about what is really going on is that these are the folks who secretly funneled revolving loans cumulatively totaling an astronomical $29 trillion into Wall Street banks and their foreign bank derivative counterparties from December 2007 to at least the middle of 2010… Read More The Fed’s “Emergency” Actions this Week Were Dated 48 Days Earlier
If one considers the trillions of dollars in derivatives that these banks are on the hook for, they have once again become highly leveraged and dangerous.… Read More At Press Conference, Fed Chair Powell Refuses to Answer Whether Wall Street Banks Are Too Big to Manage
RICO is typically used to indict mobsters – which makes its use against employees of the largest bank in America a very disquieting event… Read More Will Jamie Dimon Finally Lose His Job Over Racketeering Charges?
The most outrageous and egregious attack on Warren came from the Wall Street Journal, which ran an ethically-challenged OpEd from two former Wall Street lobbyists, one of whom was directly responsible for the legislation that repealed the Glass-Steagall Act, which paved the way to the epic crash on Wall Street in 2008… Read More The Wall Street Campaign to Stop Elizabeth Warren Has Officially Begun
It’s time to “drastically reduce the size [of the financial sector]… Read More Steve Keen: Could a Debt Jubilee Really Work?
Almost all corporate media outlets have corporate parents with publicly traded stock – which means they have a vested (read deeply conflicted) interest in keeping Americans content to be invested in the stock market.… Read More Is Corporate Media Tricking the Public with Reports that the Stock Market Is Setting New Highs?
Contrary to what the Fed claims, as of March 31, 2019, the vast majority (57.6 percent) of derivatives in the United States were not centrally cleared. The most dangerous type of derivative, credit derivatives, had the worst showing with only 27.7 percent being centrally cleared.… Read More Here’s Proof the Federal Government Is Overtly Lying about Wall Street’s Derivatives
Why has the U.S. Department of Justice, the highest law enforcement agency in the United States with a $28 billion annual budget, failed to bring charges against Epstein’s fellow sex traffickers and recruiters in the 13 years it’s had the case, after it was handed it on a silver platter?… Read More It’s Time to Arrest Epstein’s Accomplices
We Work’s IPO is eerily reminiscent of Worldcom’s Citi-enabled IPO. And we all know how that ended.… Read More JP Morgan CEO Jamie Dimon Is in a Whale of a Mess in We Work IPO
Wall Street hated the Volcker Rule so much that it made sure the rule never came into being.… Read More R.I.P. Dodd-Frank: Wall Street Is Unleashed — Again
Now they’re clamoring for this NIRP absurdity in the US. How will this end?… Read More How Negative Interest Rates Screw Up the Economy
The American state will collapse not from military conflict but from moral decay, and every individual who enabled (or made use of) that moral decay is guilty of treason… Read More Who Protected Epstein for Decades, and Why?