Bank at the Heart of EVERY BANKING SCANDAL Issues Major Warning

Simon Black is keeping close tabs on the bank that gets plenty of bail-outs, favoritism, and key influence of critical government cabinet appointments worldwide. Now, the “World’s most powerful bank” has issued a major warning… By Simon Black In 1869, a 48-year old Jewish immigrant from the tiny village of Trappstadt in Germany’s Bavaria region hung a shingle outside of his small office in lower Manhattan to officially launch his new business. His name was Marcus Goldman, and the business he started, what’s now known as Goldman Sachs, has become the preeminent investment bank in the world with nearly $1 trillion in assets. They didn’t get there by winning any popularity contests. Goldman Sachs has been at the heart of nearly every major banking scandal in recent history. The company has settled lawsuits on countless charges, ranging from exchange rate manipulation, stock price manipulation, demanding bribes from their own clients, […] Read More

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

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

America’s Second Revolution

By Sami Jamil Jadallah on February 16, 2016 If The Founding Fathers were alive today, for sure they would call on the nation to revolt and rise not against Great Britain but a against a political and economic system that went awry, far from the idea of what they had in mind. Bernie Sanders is right when he calls for a social, political and economic revolution that will shape the future of the nation for the next hundred years. By the way every country needs some kind of political and economic revolution at least once every hundred years. America’s time is now. While the last 100 years of the nation history saw a major breakthrough in our political and economic systems from women suffrage to Roe vs. Wade, to the Civil Rights Act of 68 to the Great Depression and FDR answer “ the New Deal” with investment in […] Read More

2016 Is “Terminal Phase of Most Destructive Ponzi Scheme” in History

This article was written by SGT and was first published at SGTreport.com. Editor’s Comment: Most anyone who follows the economic news already knows that the signs of collapse are all over the wall, but what numbers and statistics on paper can’t convey is the pain that ordinary people are going to feel as a result of the financial decisions being made by central banks, and the actions being taken by indifferent Wall Street players. The consequences of the 2008 economic collapse have been bad enough, though for the most part they have been subtle and hidden from view. However, the next round may well be bad enough that no one can turn away from the suffering and displacement that more economic chaos will bring. It is obvious enough who has sown the next wave, and even more plain to see who will be paying the price. 2016 Will Be […] Read More

The Lost Home Owner: “Soaring House Prices And Lack of Decently Paid Jobs” Affect Young

If it seems like the youngest generation of adults are missing out on starting their lives, and becoming real grown-ups… it might be because they are. And despite what you might be thinking, it’s not just a case of fixation on vapid social media, cultural decline or laziness among millenials that is to blame. There is definitely a problem with the economic realities of the day that is making a major contribution to this growing problem as well. The destruction of opportunity has been perhaps the biggest consequence of the economic crisis of 2008, and it continues to undermine the majority of Americans. Housing and rent prices have soared, along with other sharp increases in the cost of living. Meanwhile, student loan debt has been absolutely crushing (and threatens to topple the economic system once again) and college graduates have been mismatched with a severe shortage of good jobs […] Read More

Mexico Bracing for Massive Default That Could Set Off Global Debt Bomb: “Perversely Ironic Twist”

The debt avalanches. Once it accumulates enough mass, and momentum is not sufficient to stop its collapse, it overwhelms its host, and will come crashing down on the rest of the system, too. Across the planet, there are hundreds of governments – local, state and national – as well as business and households who are reaching a breaking point. Already drowning in debt, many are about to default on loan repayments, and thus set off a series of debt crises that will be met with market chaos and a tightening of easy credit for those who are most vulnerable to implosion. With Puerto Rico also timed for a major default that will burden the United States, Mexico is ready to crash, and bracing for impact. Its biggest construction firm, which has been dependent upon government contracts that are now drying up, is facing default on a $31 million interest […] Read More

Dozens of Stock Markets Are Already Crashing: “Not Seen Numbers Like These Since 2008″

This article was written by Michael Snyder and originally published at his Economic Collapse Blog. Editor’s Comment: The system is beyond the point where it is merely showing stresses and fractures. Things are now falling apart and there may well be no way of putting them back together again. The media will continue to claim everything is fine, until the day of panic and reckoning when it will suddenly be the ‘next Greece’ or ‘2008 all over again’… but worse. 27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015 by Michael Snyder Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you.  Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks earlier this year.  And this is truly a global phenomenon – we […] Read More

What America Will Look Like Following The Collapse: Five Things You Can Count On Happening

This article was originally published by Dave Hodges at The Common Sense Show. Experts Warn These 5 Things Will Follow the Collapse of the Dollar By Dave Hodges It is easy to interpret the signals of our economy from afar when we see people driving cars everywhere and we tend to think that our economy is not that bad. The fact remains that 40 years ago Americans owned those cars that we see them driving. Today, we are renting them as 40% of us are leasing our vehicles. As we drive up and down our neighborhoods, we see people living in houses and we lie to ourselves as use this as a  false barometer to convince ourselves that everything is OK. However, many of these homes we see people living in, have lost all of their equity. The logical answer to the question “When will we have a depression?”, […] Read More

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

These 18 CEOs/Companies Wrecked the Economy by Taking Trillions in Bailouts, Evading Taxes, and Outsourcing Jobs

Senator Sanders, in his no-nonsense approach, released a report identifying 18 CEOs responsible for wrecking the economy. Bernie Sanders is the underdog in the American political race, but he’s quickly gaining momentum as a prime candidate to lead the US, as his no-nonsense, candor approach is appreciated by many – especially the millennial generation. In response to 80 CEOs recently publishing a letter on the Wall Street Journal lecturing America about deficit reduction and urging them to “act on the deficit and reform Medicare and Medicare,” Sanders had the following to say:   “There really is no shame. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might […] Read More

Robert Reich: Has America Finally Figured Out a Way to Rein in the Shocking Sums We Pay CEOs?

Most CEOs haven’t done anything special — except figure out how to get paid. The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of the pay of their top CEOs to the pay of their median workers. About time. For the last thirty years almost all incentives operating on American corporations have resulted in lower pay for average workers and higher pay for CEOs and other top executives.  Consider that in 1965, CEOs of America’s largest corporations were paid, on average, 20 times the pay of average workers.  Now, the ratio is over 300 to 1.  Not only has CEO pay exploded, so has the pay of top executives just below them.  The share of corporate income devoted to compensating the five highest-paid executives of large corporations ballooned from an average of 5 percent in 1993 to more than 15 percent by 2005 (the latest data available). […] Read More

$200 Million Went to House Members to Pass Fast Track for TPP – Here’s Who Took the Cash

Source: Occupy By Paola Casale Many think our government is for sale. However, by taking a look at the facts below provided by Open Secrets, it is easy to understand where they are coming from. Looking back at Friday the 12th, the House voted on Trade Promotion Authority (TPA), the controversial bill that gives power to the executive branch to negotiate treaties. TPA limits Congress’ ability to better a trade deal by subjecting members of Congress to 90 days of reviewing the trade agreement, prohibiting any amendments on the implementing legislation, and giving them an up or down vote. TPA passed with a mere 219-211 vote with only 218 needed to pass. The real shocker comes from the amount of money each Representative received for a yes vote. In total, $197,869,145 was given to Representatives for a yes vote where as $23,065,231 was given in opposition. John Boehner (R-OH) […] Read More