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Nomi Prins: Big Bank Concentration and Counterparty Risk Expands

Nomi Prins: Big Bank Concentration and Counterparty Risk Expands Nomi Prins joined Sprott Money News for its Ask the Expert segment that covered the Federal Reserve system, Glass-Steagall reform and even the recent activity from the U.S Treasury. Beginning the conversation she highlighted U.S debt and the position of U.S treasury bonds. Prins remarks, “One […]

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Tomgram: Nomi Prins, In Washington, Is the Glass(-Steagall) Half Empty or Half Full?

Tomgram: Nomi Prins, In Washington, Is the Glass(-Steagall) Half Empty or Half Full? Remember when “draining the swamp” was something the Bush administration swore it was going to do in launching its Global War on Terror?  Well, as we all know, that global swamp of terror only got muckier in the ensuing years. (Think al-Qaeda […]

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Wall Street Completely Owns the Trump Administration

Wall Street Completely Owns the Trump Administration While America’s corporate press remains singularly obsessed with unproven and likely fabricated Russia-collusion conspiracy theories, Wall Street’s well on its way to getting away with financial murder thanks to an army of cronies embedded within the Trump administration. Indeed, Goldman Sachs running Donald Trump’s economic policy is perhaps the most […]

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Banks Are Evil

Barandash Karandashich/Shutterstock Banks Are Evil It’s time to get painfully honest about this  I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why? Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial […]

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Deja Vu All Over Again

Deja Vu All Over Again Janet Yellen will increase interest rates for the first time in nine years on Wednesday. She isn’t raising them because the economy is strengthening. The economy just happens to be weakening rapidly, as global recession takes hold. The stock market is 3% lower than it was in December 2014, and […]

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The Coming Crash of All Crashes – but in Debt

The Coming Crash of All Crashes – but in Debt Why are governments rushing to eliminate cash? During previous recoveries following the recessionary declines from the peaks in the Economic Confidence Model, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, […]

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Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming

Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme—an insidious cover story that has been concocted by the crony capitalist cabals that thrive at the intersection of Wall […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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