Why is the Fed creating incentives for US corporations to destroy themselves? Why is the Fed pushing insurance companies and retirement funds into bankruptcy?… Read More The Reason the Fed is Raising Rates, and Why It Won’t Work
By Pam Martens and Russ Martens and cross-posted from Wall Street on Parade Donald Trump is increasingly looking like Wall Street’s back up plan in the event that the Wall Street Democrats didn’t triumph in the 2016 election. Trump has appointed two Goldman Sachs alumni and the current President of Goldman Sachs to top posts… Read More How Did a Nation Crippled by Wall Street Billionaires End Up With Them Running the Country?
Dodd-Frank wasn’t so much legislation as it was an illusory 2300 pages of rules that might someday get implemented in a meaningful way if President Obama appointed tough cops to his financial regulatory bodies – which he decidedly did not do.… Read More Three Federal Studies Show Fed’s Stress Tests of Big Banks Are Just a Placebo
The 19th century French political theorist and economist Frederic Bastiat once warned that “when plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” For Bastiat, the… Read More What Happens When the Rats Rule the Roost?
The 7th January 2013 will likely go down as a great day for the world´s biggest banks. First, the leading central bankers of the world – that is, the “gatekeepers” of the global financial system and big-time enforcers of the bankster mob – announced that the capital and liquidity requirements contained in the Basel III… Read More Rule of Law vs. Law of Rule