The Super-Entity That Controls Finance & Commerce

“I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson In a previous piece, we detailed how only five corporations control nigh all the media and homogenize news at will, whenever it’s needed. Here, we are going to see how there exists a core of interlocking companies that control a nucleus of corporations whose tentacles reach far and wide. Deferring to world-renown investigator, journalist and author, Jim Marrs, writer of outstanding books such as The Rise Of The Fourth Reich, Rule By Secrecy, Trillion-Conspiracy, and more, we find that:  “If the idea that a small group of international yet interconnected individuals controls the world of finance and commerce seems like a paranoid conspiracy theory, consider a 2011 study by three scientists at the Swiss Federal Institute of Technology in Zurich.  “Combining mathematics used to model natural systems with comprehensive corporate data, they […] Read More

2016: The Powell Manifesto and the Revolution by and for the Rich

We all feel the seemingly oppressive impact of the conservative force that has taken over the United States, but feel hard-pressed to identify where it started and the specific entities responsible. Most of us suspect that it was no accident. We can be most certain that it isn’t. Most of us attaining maturity in the 1960s remember with some fondness the progressive wave awash in America after World War Two. Prosperity was with us. The middle class was surging. Consumers were spending. Into the 1960s and 1970s, government action on behalf of citizens, consumers and workers seemed irrepressible. But it swept resentment, even anger amongst multi-millionaires who felt unappreciated and maligned. Those who controlled companies like Koch Industries and Olin Corporation were being cited by the newly created Environmental Protection Agency (EPA) for ravaging our environment. Powerful young titans like Charles and David Koch and John Olin were aghast […] Read More

2016: The Financial System Is a Larger Threat than Terrorism

In the 21st century, Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, that remain undefeated after 15 years. All this time the financial system, working hand-in-hand with policymakers has done more damage to Americans than terrorists could possibly inflict. The purpose of the Federal Reserve and US Treasury’s policy of zero interest rates is to support the prices of the over-leveraged and fraudulent financial instruments that unregulated financial systems always create. If inflation was properly measured, these zero rates would be negative rates, which means not only that retirees have no income from their retirement savings but also that saving is a losing proposition. Instead of earning interest on your savings, you pay interest that […] Read More

How Rockefeller’s Oil Industry Conquered Medicine, Finance and Agriculture

“How Big Oil Conquered the World” is a brilliant piece of investigative journalism presented by James Corbett, revealing the immense extent to which the oil industry has shaped and is ruling the world as we know it. “From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the petrochemical industry. The story of oil is the story of the modern world. And this is the story of those who helped shape that world, and how the oil-igarchy they created is on the verge of monopolizing life itself.” Corbett carefully details the sordid back story of today’s “oiligarchy.” While most people are well-acquainted with the Rockefeller name, few probably know the true history of the Rockefellers’ rise to power. Big Oil — An Industry Founded on Treachery and Deceit As […] Read More

2015: This Major Internet Company Has Stockpiled Three Months of Food and $10 Million in Gold for Their Employees: ‘We Don’t Trust Wall Street’

Mac Slavo SHTFplan.com While the world’s super-elite prepare everything from stylish bunkers to emergency submarines, most couldn’t care less about their millions of employees should a widespread crisis strike financial markets or the economic system. There is, however, one notable high-net-worth exception according to a recent speech from Overstock.com Chairman Jonathan Johnson who notes that after many years of getting hammered by short-sellers they’ve lost total trust in Wall Street and the government’s ability to look-out for the little guy. As such, Johnson’s company has taken preemptive measures in anticipation of a major event that could take down payment systems, lock up credit flows and make it impossible for employees to meet their basic needs. Little did we know that Overstock’s Chairman Jonathan Johnson is as vocal an opponent of the fiat system, and Wall Street’s tendency to create bubble after bubble, if not more than Byrne himself.  That, […] Read More

Big Banks Claim Reform Will Hurt the Economy. Here’s Why That’s Bullsh*t.

If we don’t fix this house of cards, it will fall on us again. Anat Admati, who teaches finance and economics at the Stanford Graduate School of Business, is co-author of The Bankers’ New Clothes, a classic account of the problem of Too Big to Fail banks. On May 6th she will address the “Finance and Society” conference sponsored by the Institute for New Economic Thinking, featuring influential women who have challenged the status quo, like Federal Reserve Chair Janet Yellen, IMF Managing Director Christine LaGarde, and Senator Elizabeth Warren. Admati will join Brooksley Born, former chair of Chair of the Commodities Futures Trading Commission, to discuss how effective financial regulation can make the system work better for society. Seven years after financial hell broke loose, Admati warns that we are far from fixing a bloated and dangerous financial system —and that the system can’t fix itself. Why should you care? This […] Read More

How Economists With Bad Ideas Wreck Your Life, America’s Economy, and the World

Author Jeff Madrick discusses what bad ideas cost us, and how to defeat them. Many of us have long known in our guts that something about mainstream economics doesn’t add up. As a new, must-read book proves, we were right. For decades, dubious, false and nonsensical ideas have dominated public discourse and decision-making, from the irrational belief in the efficiency of markets to a willful blindness about the inequalities of wealth and economic opportunity in a system that has been rigged for the benefit of the few. Author Jeff Madrick has just come out with his latest challenge to the pernicious ideas that have captured the minds and clouded the judgment of huge numbers of orthodox economists and the legions who follow their advice: Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World. In this brisk and accessible volume, which should be on Econ 101 syllabi, Madrick outlines […] Read More

When The Real Cost is Hidden, Making Good Decisions Is Impossible

Submitted by Charles Hugh-Smith of OfTwoMinds blog, When good decisions are no longer possible, bad decisions are inevitable. If we had to summarize the response of the Federal government and the Federal Reserve to the structural financial crisis of 2008-2009, we could say that both institutions went all-in to obscure the real price of credit and capital. The real cost of credit and capital is discovered by open, transparent markets. When a central bank sets the price of credit, it destroys the market’s price-discovery process. When the government subsidizes certain types of credit, for example, home mortgages and “cash for clunkers” auto loans, it destroys the market’s price-discovery process. This distorts not just the price of credit, but the price of everything purchased with credit. This is the origin of bubbles, and of the resulting busts. The state and central bank manipulate the price of money (credit and capital) […] Read More

The Scarlet Absence Of A Letter Of Credit

Submitted by Mark St.Cyr, If there’s one thing we all know about banks and bankers: they love to tell tales in public of how much they value their customers. However, what you’ll never hear them profess in private: is how much they trust them. Although one may think that’s unseemly, believe it or not there is another entity banks hold at an even lower tier. Other banks. One of the known facts people remember about the melt down in 2008 (as opposed to general public) was when the banks no longer trusted each other, and what they earlier claimed was “collateral” wasn’t actually worth what it was stated to be. Credit default spreads (CDS) were supposedly the insurance to negate valuation concerns. But when the banks felt CDS weren’t worth the paper they were written on, not only did they operate in a fashion reminiscent of cutting their noses […] Read More