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The Era of Easy Money Ruined Us
The Era of Easy Money Ruined Us The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris. We have yet to reach a full reckoning of the consequences of the era of easy money, but it’s abundantly clear that […]
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 […]
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled […]
The Evil Empire Has The World In A Death Grip
The Evil Empire Has The World In A Death Grip In my archives there is a column or two that introduces the reader to John Perkins’ important book, Confessions of an Economic Hit Man. An EHM is an operative who sells the leadership of a developing country on an economic plan or massive development project. The […]
Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets
Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets Stock markets around the world continue to collapse as this new global financial crisis picks up more steam. In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row. European stocks continued to get […]
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt […]
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has approximately tripled in size […]
Ways to Create a Democratized Economy | Grassroots Economic Organizing
Ways to Create a Democratized Economy | Grassroots Economic Organizing. The richest 400 Americans now own more wealth than the bottom 180 million taken together. The political system is in deadlock. Social and economic pain continue to grow. Environmental devastation and global warming present growing challenges. Is there any path toward a more democratic, equal […]
