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The Bank Bailout of 2008 was Unnecessa

September 17, 2018

The Bank Bailout of 2008 was Unnecessary Photo Source Xavier | CC BY 2.0 This week marked 10 years since the harrowing descent into the financial crisis — when the huge investment bank Lehman Bros. went into bankruptcy, with the country’s largest insurer, AIG, about to follow. No one was sure which financial institution might […]

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Alarm Bells Sounded on Wall Street’s Derivatives

February 22, 2018

Alarm Bells Sounded on Wall Street’s Derivatives Andy Green, Managing Director,  Economic Policy Center for  American Progress On February 14, the week after the Dow Jones Industrial Average experienced two separate days of more than 1,000-point losses, the House Financial Services’ Subcommittee on Capital Markets, Securities and Investment convened a hearing to discuss various legislative […]

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Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe”

April 2, 2016

Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe” One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts. This is something the former head of the Bank of England admitted one month ago when Mervyn King […]

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The “Terrifying Prospect” Of A Triumph Of Politics Over Economics

March 9, 2016

The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics  All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]

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Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act

March 2, 2016

Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act Once again we find that it is only after they leave their official posts that central bankers finally tell the truth. Last night, it was Alan Greenspan who blasted the state of the economy, saying that “we’re in trouble basically because […]

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Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls

February 26, 2016

Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls Back on February 10, when looking at Carl Icahn’s darling Chesapeake, whose stock had plunged to effectively record lows on imminent bankruptcy concerns, we said that for anyone brave enough to take the plunge, the “Trade of the Year” would be to go long a specific bond, […]

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Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014

October 31, 2015

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014 First it was Germany who redeemed 120 tons of physical gold in 2014; then it was the Netherlands who “secretly” redomiciled 122 tons of gold; then this past May, we learned that Austria would be the third “core” European nation to repatriate most of […]

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The Next Financial Crisis Won’t be Like the Last One

September 15, 2015

The Next Financial Crisis Won’t be Like the Last One It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets. Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too big to jailtransnational banks and other […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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