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