During the Senate’s Banking hearing held earlier this week, Sen. Warren (MA) grilled Fed Chairman Bernanke on the $83 Billion subsidy taxpayers are still paying out to the Too Big Too Fail banks. She asks Bernanke the simple question shouldn’t the Too Big Too Fail Banks pay back that $83 Billion subsidy they are receiving?
Why are they receiving it at all?
Watch Bernanke dance around answering her very specific question – [Read more…]
by Dominique de Kevelioc de Bailleul
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Waiting for the rally in gold to begin? Don’t. Global policymakers plan to institute the vital element of surprise to trap unsuspecting investors into bearing viscous currency devaluations. [Read more…]
SupportCreditUnions.com covered the infamous Max Keiser in a rare, albeit colorful, presentation in L.A.’s Chinatown. If you are a Max Keiser and Stacey Herbert fan you won’t want to miss this “major rant against the big banks.” [Read more…]
May 11, 2012
by Brandon Smith
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For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. [Read more…]
by Mike Krieger
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. [Read more…]
Black sums up precisely the utter lack of accountability by the Obama administration of any of those banks who threw America’s entire economy into the black hole, no pun intended, that we’ve been enduring since 2008. Understand, Black was a lead legal investigator who exposed the Savings and Loan Crisis scandal known as the Keating Five. According to Wikipedia, [Read more…]
Today’s Keiser Report ~ “this week Max Keiser and co-host Stacy Herbert discuss the message from Sirte, “Today Libya, Tomorrow Wall Street”, and fecal alchemy and its two-tiered justice system. In the second half of the show, Max Keiser interviews Stephen Leeb, author of Red Alert: How China’s Growing Prosperity Threatens the American.”
KR on FB: http://www.facebook.com/KeiserReport
Professor Black provides this observation about #OWS – “If you look [at the Occupy protests], not just nationwide, but worldwide, you will see some pretty consistent themes developing,” Black says. “Those themes include: we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration is saying are ticking time bombs, that as soon as one of them fails, we go back into a global crisis. We should fix that. There’s no reason to have institutions that large. That’s a theme. That accountability is a theme, that we should put these felons in prison… That we should get jobs now, and that we should deal with the foreclosure crisis. So those are four very common themes that you can see in virtually any of these protest sites… I think, over time, you won’t necessarily have some grand written agenda, but you’ll have, as I say, increasing consensus. And it’s a very broad consensus.”
Editor’s Note: Back in 2009, we watched the organic movement of the Tea Party infiltrated and taken over by FreedomWorks, the Koch Brothers and Fox. Today, the public associates the Tea Party efforts to the Republican Party even though the majority of self-identified Tea Partiers consider themselves to be Independents. The take over succeeded in diluting and re channeling these patriots momentum, not b/c they were right or wrong, BUT b/c many of the early supporters no longer wished to give any kind of support to either national party. As an electorate, we’ve grown beyond tired of having to choose b/w two losers, but that is how the establishment works and is a chief reason why a new movement will be born out of “Occupy America”. As we learned from the Republican hijacking of the Tea Party movement, anything that dares to threaten the establishments agenda will be ridiculed, taken over, crushed or simply ignored. Today, it looks like the D’s are swooping in to try and hijack “Occupy America’s” momentum and to refocus the energy to support Obama’s re election campaign agenda. Here’s to hoping they fail, and fail miserably! It’s past time for the people, only the people, to rise up and say enough to the political and financial establishment who are plunging not only America but the world into ruin! To the people of “Occupy America” don’t allow yourselves to be played, because the people of the world have been waiting a long time for American’s to take back our country from the greedy hands of the establishment. They, we, need you to succeed.
October 4, 2010
by Wayne Madsen
Wall Street and London hedge fund tycoon George Soros sent a signal to his minions and infiltrators when he stated that he sympathized with the Occupy Wall Street movement. Soros’s statement dovetailed with David Plouffe, President Obama’s Senior Adviser, making contact with certain newly-minted “leaders” of the “Occupy” movement across the United States to ensure that they are as politically-manipulated by the White House as a vast majority of “Tea Party” members have been manipulated by senior Republican Party officials and the billionaire Koch Brothers. [Read more…]
By far this is the most outstanding investigative report I’ve seen detailing what happened in 2008 resulting in the financial meltdown felt by every person alive today. This is a must watch. Turn off the idiot box and learn what the hell really happened then and how the cycle of destruction continues. (Note: click on headline or scroll down below the fourth video and click on full story to especially view the first two videos. Click on vid bar to enlarge to full screen)
Part 2/4 ‘A GLOBAL FINANCIAL TSUNAMI’
Part 3/4 ‘Paying the Price’
Part 4/4 ‘After the Fall’
Following Friday night’s credit rating announcement by S & P Chairman John Chambers, the T-Room will be capturing and posting hotlinks throughout the day to capture the market’s reaction.
Some in the industry have termed today as “Bloody Monday” which by all accounts appears appropriate given the headlines already appearing and it’s only 10:06 am.
To give you a bit more context as to what is happening and how Congress seems to be benefitting personally from all of this, we kick off this post with a “Government Gone Wild” video highlighting those congress critters, who are now on the “List” and the millions they are making to enrich themselves by betting on your losses – [Read more…]
Today, Max Keiser and co-host, Stacy Herbert, report from New York City. They discuss the exorbitant privilege America is about to lose. They look at football players with AAA credit ratings and at Apple’s cash stockpile bigger than Americas” –
KR on Facebook – http://www.facebook.com/KeiserReport
DemocracyNow! – “…The deal includes no new tax revenue from wealthy Americans, provides no additional stimulus for the lagging economy, and will cut more than $2.1 trillion in government spending over 10 years, while extending the borrowing authority of the Treasury Department. The debt deal was a victory of sorts for the Pentagon. Rather than cutting $400 billion in defense spending through 2023, as President Barack Obama had proposed in April, it trims just $350 billion through 2024, effectively giving the Pentagon $50 billion more than it had been expecting over the next decade. We speak with William Hartung, director of the Arms and Security Project at the Center for International Policy, and Michael Hudson, professor of economics at the University of Missouri, Kansas City.”
h/t ‘The Daily Bail‘
“The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.”
And if that’s not enough to convince you something is seriously wrong w/the Federal Reserve read Matt Taibbi’s article Real Housewives of Wall Street: Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?
Order Secrets of the Temple: How the Federal Reserve Runs the Country.
“Jeff Madrick author of Age Of Greed, the Triumph of Finance and the Decline of America, 1970 to present discusses the roots of the current crisis.”
httpv://www.youtube.com/watch?v=tnQkRUFmUAg
Part 2/2
httpv://www.youtube.com/watch?v=tXJxLHFn2c4
Order “Age of Greed” by Jeff Madrick by clicking HERE
June 22, 2011
By Rep. Ron Paul – The Washington Times
Among the facts that the Federal Reserve would rather you didn’t know is that at the height of the financial turmoil in 2008, when average Americans were just beginning to suffer, the institution was passing out sweetheart deals to protect the powerful and well-connected. Among the beneficiaries were foreign banks, Wall Street giants and even the company that then owned MSNBC.
Recently, my House subcommittee on domestic monetary policy held a hearing to examine information disclosed by the Federal Reserve about its bailout lending during the 2008 financial crisis – disclosure that was required by the Dodd-Frank Act and the Freedom of Information Act. [Read more…]
Stacy Herbert and Max Keiser covers economic front throughout the world.
httpv://www.youtube.com/watch?v=ls0IapIGhjg
h/t Zerohedge
httpv://www.youtube.com/watch?v=_JI9UYeL6GA
Checkout Max on Facebook – www.facebook.com/keiserreport
And for those who are interested, HERE is the article Maloney wrote about the Hunt Brothers.
httpv://www.youtube.com/watch?v=V3NdUU1wWa4