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Essential history: ‘Forever debt’ Federal Reserve system invented to pay interest without ever ever ever repaying debt – definition of ‘Ponzi scheme’
Essential history: ‘Forever debt’ Federal Reserve system invented to pay interest without ever ever ever repaying debt – definition of ‘Ponzi scheme’ Posted on February 25, 2016 by Carl Herman Ponzi scheme: criminal fraud of paying existing “investors” only and always from new “investors.” Collapse occurs without new “investors” and/or existing “investors” panic to cash-in. The US Federal […]
The US Economy Has Not Recovered And Will Not Recover
The US Economy Has Not Recovered And Will Not Recover The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital […]
The 21st Century: An Era Of Fraud — Paul Craig Roberts
The 21st Century: An Era Of Fraud — Paul Craig Roberts In the last years of the 20th century fraud entered US foreign policy in a new way. On false pretenses Washington dismantled Yugoslavia and Serbia in order to advance an undeclared agenda. In the 21st century this fraud multiplied many times. Afghanistan, Iraq, Somalia, […]
The Big Short
The Big Short QUESTION: Marty; I am curious what you thought of the Big Short especially since you are the one who got the timing right to the day. In markets, I do not have to tell you that being too early is more dangerous than being too late. Since that fateful day on the floor […]
Fractional-Reserve Banking is Pure Fraud, Part I – Jeff Nielson
Fractional-Reserve Banking is Pure Fraud, Part I This is a commentary which should never have needed to be written. What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no […]
The Most Devious Liars in the Room
The Most Devious Liars in the Room There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The […]
Something Happened
Something Happened Ben Bernanke’s memoir is out and the chatter about it inevitably turns to the sickening moments in September 2008 when “the world economy came very close to collapse.” Easy to say, but how many people know what that means? It’s every bit as opaque as the operations of the Federal Reserve itself. There […]
Fracking Fraud
Fracking Fraud Photo by Jacques del Conte. Hucksters for high volume hydraulic fracturing with horizontal drilling, the intensely industrial process by which x percent of natural gas and oil are mined in the United States today, loudly tout multiple benefits of the practice. Fracking reduces dependence on imports of crude oil. It generates jobs, profits […]
Gold Standard Nonsense Compelling Us To Repeat History
Gold Standard Nonsense Compelling Us To Repeat History COMMENT: “The system is collapsing. It is not because of some derivatives bubble. It is not because of fiat. This is because of the debt gone wild” Sure! And you don’t see the connection with the lack of a gold standard? This would never have happened during […]
Game-changing 19-minute video: Fed transcript proves open criminal admission of fraud worth trillions
Game-changing 19-minute video: Fed transcript proves open criminal admission of fraud worth trillions John Titus, engineer and lawyer, writer and producer of Bailout, with YouTube channel of BestEvidence,read the latest Federal Reserve Open Market Committee meeting transcript (always delayed for five years), and discovered full admittance of financial fraud by the Fed in trillions of dollars. John explains: BestEvidence’s newest […]
Fraud, Fools, and Financial Markets
Fraud, Fools, and Financial Markets Adam Smith famously wrote of the “invisible hand,” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society as a whole. And Smith was right: Free markets have generated unprecedented prosperity for individuals and societies alike. But, because we can be manipulated or deceived or […]
The Honduran Coup’s Ugly Aftermath
The Honduran Coup’s Ugly Aftermath Exclusive: As Secretary of State in 2009, Hillary Clinton helped a right-wing coup in Honduras remove an elected left-of-center president, setting back the cause of democracy and enabling corrupt and drug-tainted forces to tighten their grip on the poverty-stricken country, as Jonathan Marshall explains. Imelda Marcos will forever be remembered for […]
Greenspan Imagines Better, Alternate Universe in Which Greenspan Was Not Fed Chair
Greenspan Imagines Better, Alternate Universe in Which Greenspan Was Not Fed Chair Alan Greenspan, the policy failure whose tenure at the Federal Reserve helped create the conditions for the largest financial crisis in nearly a century, was inexplicably given a major newspaper platform on Monday to opine about regulation, which he ideologically abhors. So it […]
Japan Inc Rocked By Massive Accounting Fraud: Toshiba CEO Quits After Admitting 7 Years Of Cooked Books
Japan Inc Rocked By Massive Accounting Fraud: Toshiba CEO Quits After Admitting 7 Years Of Cooked Books While Abenomics has been an unmitigated disaster for Japan’s ordinary population, where the soaring stock market has benefited the top decile of the population while everyone has been slammed by a record 25 consecutive months of declining real […]
The One Bank, Revisited
The One Bank, Revisited Approximately two years ago; a commentary was published entitled “The One Bank”. The empirical foundation for the article (and the paradigm) was an extensive computer model, produced by a trio of academics at a university in Switzerland, and originally reviewed in an article from Forbes. The gist of the computer modeling was that a single “super-entity”, by […]