Tag: Citigroup

Bitcoins Posted on

Elite Globalists Will Engineer Financial Collapse And Blame Bitcoin

By Mac Slavo Every single financial collapse has been engineered by elitists and governments as a method of gaining the public’s support for more control over their money supply. Now one YouTuber has the guts to say it and boldly declares that those same globalists will blame bitcoin for a biblical level financial collapse. The Dollar Vigilante YouTube channel isn’t walking on eggshells in their video titled “The Globalist Plan To Blame Bitcoin For Biblical Level Collapse.” The video starts off with a harsh dose of reality that many won’t like: They won’t teach you in your government schools but every major economic and financial collapse is planned. It doesn’t happen by accident. Jeff Berwick, The Dollar Vigilante [embedded content] Berwick doesn’t mince words later either, and he says that the government and other globalists already have plans to collapse the economy and blame Bitcoin. Mike Adams, the Health Ranger has also stated […] Read More

Wall Street Posted on

How Insider Trading Looted the American Taxpayer

The mother of all insider trades was pulled off in 1815, when London financier Nathan Rothschild led British investors to believe that the Duke of Wellington had lost to Napoleon at the Battle of Waterloo.  In a matter of hours, British government bond prices plummeted. Rothschild, who had advance information, then swiftly bought up the entire market in government bonds, acquiring a dominant holding in England’s debt for pennies on the pound.  Over the course of the nineteenth century, N. M. Rothschild would become the biggest bank in the world, and the five brothers would come to control most of the foreign-loan business of Europe. “Let me issue and control a nation’s money,” Rothschild boasted in 1838, “and I care not who writes its laws.” In the United States a century later, John Pierpont Morgan again used rumor and innuendo to create a panic that would change the course […] Read More

Banking Posted on

The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives

By Michael Snyder The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives.  In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve.  As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system.  But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented. During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out […] Read More

Banking Posted on

Top Bank Issues Cataclysmic Warning To American Can Expect (VIDEO)

By now your ears are tirelessly ringing by the repeated conversations of a coming economic crisis spoken of by top economists, alternative news sources, and your every day average joe. The talks have gotten so excessive that when one hears the term “crisis” they no longer grasp the impacts it will have when it finally does make its lasting blow. The truth is, it is going to hit, and when it does, it will have catastrophic effects on our economy.  In fact the 20th largest bank in the entire world, Royal Bank of Scotland, has just urged investors to “Sell everything” and that “2016 is going to be a cataclysmic year for the economy.” With warnings like these one can’t help but ponder the idea that the economic crisis is truly right around the corner, if not already here, especially considering the latest 1,500 drop in the DOW just […] Read More

Banking Posted on

Jail the Banksters? Bernanke Now Claims “Wall Street Execs Should’ve Been Held Accountable”

It is not uncommon to hear people in the streets, on blogs or on talk radio arguing that the gangs of Wall Street should have been jailed — or even hung — for their crimes against the American people. But to hear that kind of talk from a former Federal Reserve chairman is surprising… even if it is well after the fact. Though you could be forgiven for assuming most politicians and bankers have no conscience at all, there are apparently many in the halls of power who carry a guilty conscience for their role in selling out the country, and undermining its recovery at every level. Few have more guilt to carry than the functionaries at the Federal Reserve, the quasi-governmental central bank that now looms so large over the economy, and has so much to do with why the financial world is facing devastating failure all over […] Read More

Great Recession Posted on

The Occult Truth Behind Capitalism

In 2008, the loss of 11 billion dollars by the world’s largest investment company, AIG, and the bankruptcy of the US investment bank Lehman Brothers, triggered a domino effect of financial consequences which brought the entire capitalist system within a hair’s breadth of total collapse. But, as the events leading up to the financial crisis were slowly unveiled, it became ever clearer that the crisis was caused, quite knowingly, by the bankers themselves. The Cause In the years leading up to the economic crisis in 2008, banks increased the funding for the riskiest loans (called subprime loans), from $30 billion a year to over $600 billion a year, rigged even higher interest rates on those loans, and then, while the bankers were making billions of dollars of profits off the borrowers’ high interest repayments, they made further profits betting against their customers ever being able to pay back the […] Read More

Banking Posted on

Matt Taibbi: World’s Largest Banks Admit to Massive Global Financial Crimes, But Escape Jail (Again)

This is about as serious a financial crime as you can possibly get, says the Rolling Stone journalist. In an interview with Democracy Now!, Rolling Stone journalist Matt Taibbi spoke about the recent news surrounding the five major banks – Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland and UBS – who pled guilty to rigging the price of foreign currencies and interest rates. Their fines amount up to more than $5 billion. “They were monkeying around with the prices of every currency on Earth,” Taibbi told Amy Goodman. “So, if you can imagine that anybody who has money, which basically includes anybody who’s breathing on the planet, all of those people were affected by this activity. So if you have dollars in your pocket, they were monkeying around with the prices of dollars versus euros, so you might have had more or less money fractionally, depending on all […] Read More

Bill & Hillary Posted on

Nomi Prins: The Clintons & Their Banker Friends

In the coming months, however many hours Clinton spends introducing herself to voters in small-town America, she will spend hundreds more raising money in four-star hotels and multimillion-dollar homes around the nation. The question is: “Can Clinton claim to stand for ‘everyday Americans,’ while hauling in huge sums of cash from the very wealthiest of us?” This much cannot be disputed: Clinton’s connections to the financiers and bankers of this country – and this country’s campaigns – run deep. As Nomi Prins questions, who counts more to such a candidate, the person you met over that chicken burrito bowl or the Citigroup partner you met over crudités and caviar? Via TomDispatch.com, The Clintons and Their Banker Friends The Wall Street Connection (1992 to 2016) [This piece has been adapted and updated by Nomi Prins from chapters 18 and 19 of her book All the Presidents’ Bankers: The Hidden Alliances […] Read More

Economics and Money Posted on

The Bubble Has Been Fully Restored: Goldman Is Selling A Synthetic CDO

Earlier this week, Bloomberg ran a story that carried the headline “Goldman Sachs Hawks CDOs Tainted By Credit Crisis Under New Name.” Here’s an excerpt:  “The 2008 financial crisis gave a few credit products a bad reputation. Like collateralized debt obligations, known as CDOs. Or credit-default swaps. But now, a marriage of the two terms (using leverage, of course) is making a comeback — it’s just being called something else. Goldman Sachs Group Inc. is joining other banks in peddling something they’re referring to as a ‘bespoke tranche opportunity’… The deals are ‘attractive for credit-savvy investors in the post-QE credit picker’s market,’ according to a January U.S. credit derivatives outlook by Citigroup Inc., The transactions offer the potential for higher returns than buying a typical corporate bond, especially if an investor focuses on first-loss slices or uses borrowed money.” This is the latest installment in a series of articles […] Read More

Banking Posted on

The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal

The name Dick Usher is familiar to regular readers: he was the head of spot foreign exchange for JPMorgan, and the bank’s alleged chief FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the biggest FX rigging scheme in history, as initially revealed in “Another JPMorganite Busted For “Bandits’ Club” Market Manipulation.” Subsequent revelations – which would have been impossible without the tremendous reporting of Bloomberg’s Liam Vaughan – showed that JPM was not alone: as recent legal actions confirmed, virtually every single bank was also a keen FX rigging participant. However, the undisputed ringleader was always America’s largest bank, which would make sense: having a virtually unlimited balance sheet, JPM could outlast practically any margin call, and make money while its far smaller peers were closed out of trades… and existence. But while the past year revealed that FX rigging […] Read More

Economics and Money Posted on

The Experiment that Will Blow Up the World

Submitted by Pater Tenebrarum via Acting-Man blog, The BoJ Goes Even Crazier It has been clear for a while now that the lunatics are running the asylum in Japan, so perhaps one shouldn’t be too surprised by what happened overnight. Bloomberg informs us that “Kuroda Jolts Markets With Assault on Deflation Mindset”. The policy hasn’t worked so far, in fact, it demonstrably hasn’t worked in Japan in a quarter of a century. Therefore, according to the Keynesian mindset, we need more of it. Mr. Kuroda therefore delivered a surprise spiking of the punchbowl that immediately impoverished Japan’s consumers further by causing a sharp decline in the yen: “Today’s decision to expand Japan’s monetary stimulus may be regarded as shock treatment in the central bank’s effort to affect confidence levels. Bank of Japan Governor Haruhiko Kuroda’s remedy to reflate the world’s third-largest economy through influencing expectations saw the yen sliding and […] Read More

Wages Posted on

Unemployment Dropped Below 6% — So What’s the Bad News?

Some powerful folks want to see interest rates rise to prevent people from getting jobs and demanding higher wages. The jobs report on Friday showed the economy created 248,000 jobs in September and the unemployment rate fell below 6.0 percent for the first time since the early days of the recession. This is good news for workers. While we are still far from anything resembling full employment, it is getting easier for people to find jobs. If the economy keeps creating jobs at this pace, workers will finally have enough bargaining power to see some real wage gains, thereby getting their share of the benefits of economic growth. But this is also the bad news in the story. There are many powerful people who want to keep these wage gains from happening. Immediately after the jobs report was released, James Bullard, the president of the St. Louis Federal Reserve […] Read More