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Bitcoin vs Fiat Currency: Which Fails First?
Bitcoin vs Fiat Currency: Which Fails First? What if bitcoin is a reflection of trust in the future value of fiat currencies? I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Those with supreme confidence […]
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud Back in April/May, Canada’s biggest mortgage lender, Home Capital Group, crashed its way into the headlines, coming clean over its balance sheet-full of liar loans, suffered a bank run, and was forced to take emergency liquidty from taxpaying pensioners, and was eventually bailed out by […]
Which is Fraudulent – Bitcoin or JP Morgan?
Which is Fraudulent – Bitcoin or JP Morgan? I’m really grateful JP Morgan CEO Jamie Dimon decided to once again lash out in anger at Bitcoin, as it provides us with ample opportunity to highlight a practice very near and dear to how the bank operates. Fraud. The way the news cycle works, any topic […]
Brad Birkenfeld: Lucifer’s Banker
Brad Birkenfeld: Lucifer’s Banker A whistle-blower’s account of exposing massive fraud at UBS Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS. Brad Birkenfield, author of Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts […]
Wells Fargo: Who Says Crime Doesn’t Pay
Wells Fargo: Who Says Crime Doesn’t Pay Unless you’re one of the few people still watching CNN™, you may have missed what can only be one of the most scandalous in-house criminal activities to be uncovered at a bank. And not just any bank. It happened at none other than Wells Fargo™, which, up until the […]
Corrupt and Deranged
Corrupt and Deranged Contemporary governance embodies corruption within deranged systems resting on foundations of theft and fraud. Corruption makes reform impossible; derangement assures eventual collapse. “Defense” spending is a misnomer. The US could defend itself at a small fraction of what it spends on its military and intelligence. The US government’s foreign intervention and maintenance […]
Austrian Court Orders Rerun Of Presidential Election After Finding “Widespread” Voting Fraud
Austrian Court Orders Rerun Of Presidential Election After Finding “Widespread” Voting Fraud In yet another slap in the face for an already reeling Europe, moments ago Austria’s Constitutional Court ruled on Friday that the presidential runoff election must be held again, handing the Freedom Party’s narrowly defeated candidate another chance to become the first right-wing […]
Mafia Expert Calls Great Britain the “Most Corrupt Place on Earth”
Mafia Expert Calls Great Britain the “Most Corrupt Place on Earth” The City is a semi-offshore state, a bit like the UK’s crown dependencies and overseas territories, tax havens legitimized by the Privy Council. Britain’s financial secrecy undermines the tax base while providing a conduit into the legal economy for gangsters, kleptocrats and drug barons. Even the more […]
Brad Friedman: Why To Be Suspicious Of Every Election
Brad Friedman: Why To Be Suspicious Of Every Election Electronic voting machines have opened up Pandora’s box Long an ‘exporter of democracy’ to the rest of the world, there is ample evidence that the United States lacks even the most rudimentary, basic protections necessary to preserve voting integrity within its own borders. Some of the […]
Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’
Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’ And the abuses are getting worse, not better Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today’s financial markets. While he usually feels like a lone voice […]
The Entire Status Quo Is a Fraud
The Entire Status Quo Is a Fraud Fraud as a way of life caters an extravagant banquet of consequences. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a […]
Government Accounting Is Fraudulent
Government Accounting Is Fraudulent The Government Accountability Office (GAO) is the non-partisan auditor and investigator for Congress. The GAO says that the U.S. government’s records are so poorly kept that it can’t really audit them. Specifically, the GAO provided a report to Congress yesterday stating: The federal government was unable to demonstrate the reliability ofsignificant portions of its […]
Interest on Gold Is the New Tempest in a Teapot
Interest on Gold Is the New Tempest in a Teapot Accustomed to Speculation Zero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and in the user comments section, is that CBS is committing criminal fraud. Or, if not, then it’s a conspiracy by […]
