There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in free market capitalism… Read More Most Billionaires Don’t Actually Like Free Market Capitalism
Better not mess with the former Brazilian president; Putin and Xi are his real top allies in the Global Left… Read More Released Lula in for Greatest Fight of his Life
The exceedingly wealthy are usually content to stay in the shadows while their combined financial leverage and media power keep top government officials more or less in line. But the grassroots strengths of the Warren and Sanders campaigns have jolted some key oligarchs into overt action.… Read More The Billionaire Class Won’t Go Quietly
There is a very substantive argument against Dimon being a patriot and a very persuasive argument that he’s a crime boss sitting atop a federally-insured bank backstopped by the U.S. taxpayer that has scooped up $1.6 trillion in deposits from honest folks across America… Read More Is JPM Chase Chairman and CEO Jamie Dimon a Patriot (As He Claims) or An Orgazinized Crime Boss?
In addition to the unprecedented financial power that the New York Fed has amassed, it has a strange, cosy and unexplained relationship with JPMorgan Chase… Read More Dangerous Liaisons: New York Fed and JPMorgan’s Incestuous Relationship
If the Fed isn’t seeing large imbalances, it’s simply because it isn’t looking or is consciously choosing to stick its head in the sand… Read More These Charts Hold a Big Clue to the Liquidity Squeeze on Wall Street
According to its SEC filings, JPMorgan Chase is partly using Federally insured deposits made by moms and pops across the country in its more than 5,000 branches to prop up its share price with buybacks… Read More The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse
Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities… Read More Suprime Autoloans in the U.S. Are Blowing Up
What the New York Fed is doing is unprecedented in U.S. history and yet you will find no mention of it on any front page of a newspaper today… Read More Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes
America laughed at Hillary Clinton’s remarks about Tulsi Gabbard, but her ideas fit perfectly in the intellectual mainstream… Read More Everyone Is a Russian Asset
Rigging the game has never been this easy… Read More Two Admitted Felons, UBS and Citigroup, Are Now Gaming Wall Street’s Private Justice System
This past week, market bulls got the two things they had been dreaming of: a near-term resumption of QE (quantitative easing, aka “money printing”) and strong signs of a China trade deal… Read More Did Everything Just Change?