Tags
Assets, Banking, Currency, Economy, Federal Reserve, Foreign Currency, Hedge Funds, Investment, Speculation, TBTF, Trading
22 Tuesday Oct 2013
05 Sunday Aug 2012
Posted 2012 Election, Asia, Bailouts, Banking, Derivatives, economy, Euro, Euro Crisis, Federal Reserve, Financial Crisis, Fiscal Cliff, Government Accountability Office, Greece, Intervention, Leveraging, No More Bullets, Profits, Quantitative Easing, Regulation, Repeal of Glass Steagall, Sheep, TBTF
inTags
Asia, Bank, Bank run, BROKE, Business, BUSTED, CDS, China, Debt, Derivatives, Eurozone Crisis, Fiat Money, Financial Crisis, Financial Services, Fiscal Cliff, Fractional reserve banking, Government debt, Japan, Leveraged
We don’t know EXACTLY what is to come, but we can joint the dots from where we are now to the collapse of the first major bank…
There is no way out, as shown HERE.
03 Friday Aug 2012
Posted Audit the Fed, Bailouts, Banking, Barklays, Crime, Criminal Investigation, Cronyism, Debt, Derivatives, economy, Euro, Fiscal Cliff, Leveraging, Profits, Repeal of Glass Steagall, Tea Party
inTags
Balloon ready to pop, Bank, Bank of America, Banking, Economy, Finance, Financial Collapse, Late-2000s financial crisis, Loan, Money laundering, Nazism, President of the United States, TBTF, Thieves, Too Big To Fail
So you think the big banks do good things for society, like loan money to Main Street, right?
Ha!
Actually…big banks no longer do very much traditional banking. Most of their business is from financial speculation. For example, less than 10% of Bank of America’s assets come from traditional banking deposits. Instead, they are mainly engaged in financial speculation and derivatives. (and see this)
Since they were bailed out by taxpayers, the big banks have slashed lending … while smaller banks have increased lending. See this, this and this.
According to Thomas Jefferson, “Banking Institutions are more dangerous to our liberties than standing armies”
The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.
Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud. See this, this and this.
26 Tuesday Jun 2012
The Titanics of 2012
The Titanic tragedy has spawned a lot of metaphors for essays and cartoons alike. I decided to draw one myself to illustrate multiple situations that are steaming toward tragedy and since one ship wasn’t enough, I drew many. They all seem intent on striking that iceberg.
1. Debt. Our debt money system benefits only a few bankers at the top. Everyone else gets poor and suffers higher taxes, lost pensions and austerity as a result. The banker-owned MSM is painting austerity as a good thing–of course!
2. Euro. This will be the first to collapse, but our dollar will be next. The banker ‘technocrats’ will undoubtedly steer the money system to a form of digital money. Everyone will be on the grid. No more paper money. If you disagree with the banker police state, they will turn off your credits and access to money…
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