ECONOMY | WHAT REALLY HAPPENED

ECONOMY

May 22 18:36

Chart Of The Day: “Stimulus” At The Top

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May 22 16:25

List of Banks owned by the Rothschild family

“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild

May 22 16:24

A Flock of Black Swans in June?

May 22 15:53

Why One of the Wealthiest Countries in the World Is Failing to Feed Its People

On May 8 2015 I awoke to discover that not only were we not looking forward to a new coalition government in the UK, but that the overall collapse of the Liberal Democrats and the Labour Party had given the Conservative government a mandate. At an individual level I’m likely to see some benefits from the strong neo-liberalism that underpins this government’s ideology, but I’m concerned about a further deepening of the division between those who have and those who have not.

May 22 15:37

The Big Banks Are Corrupt – And Getting Worse

The Justice Department’s latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations.

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May 22 14:29

Top 10 warning signs for stocks:

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May 22 13:00

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

Five of the world’s top banks will pay over $5 billion in fines after pleading guilty to rigging the price of foreign currencies and interest rates. Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland pleaded guilty to conspiring to manipulate the price of US dollars and euros exchanged in the $5 trillion FX spot market. UBS pleaded guilty for its role in manipulating the Libor benchmark interest rate. No individual bank employees were hit with criminal charges as part of the settlements. We are joined by Matt Taibbi, award-winning journalist with Rolling Stone magazine.

May 22 12:20

Bernie Sanders issues bill to make 4-year colleges tuition-free

Have our kids' college paid for by the same group who gave us the mortgage-backed securities fraud.......

sounds good to me

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May 22 11:40

The High Cost of Low Taxes

Earlier this month, I arrived in San Diego following five days of driving across the country from Wisconsin. I pulled into my friend’s driveway, brought my things inside, and went back to my car to park it on the street.

May 22 11:11

‘War is a Racket': Forbidden History on Memorial Day

Retired Major General Smedley Butler was onto something in 1933, when he was recruited to be a “gangster for capitalism” by a group of wealthy Americans calling themselves the “American Liberty League”. Damn interesting, indeed.

May 22 10:36

?Tory plans to seize illegal workers’ pay will push migrants into slavery - campaigners

Prime Minister David Cameron will give police new powers to seize the wages of illegal workers in a fresh bid to deter migration amid allegations the law will push vulnerable people into “modern slavery.”

May 22 10:32

Inequality in US highest among developed countries

The Organization for Economic Cooperation and Development (OECD) has published a new study that explores income inequality in its 34 states.

May 22 10:23

SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks

Yesterday, in the aftermath of the latest settlement by the world's biggest banks, who finally admitted they have criminally rigged virtually all markets since the Great Financial Crisis (and prior) despite promising repeatedly they would not do that after having been caught time and again and punished with ever "harsher" wristslaps, we wrote that the "Public Is Confused Why World's Biggest Banks Admitting Criminal Fraud, Leads To Public Yawns."

May 22 10:18

A MOST DISTURBING INFOGRAPHIC ABOUT THE CRIMINAL SYSTEM

The United States has the most prisons in the world in order to house the highest number of incarcerated people in the world. 707 per every 100,000 people can be found in a prison. Out of every 100 citizens, 3 work in the justice system. 1 in 9 State employees works in corrections. How this vast prison system evolved is examined by looking back at what there was before modern prisons existed.

May 22 10:05

The Global Currency Reset

May 22 10:00

6 Years of ZIRP

May 22 09:40

Why aren’t the banksters in prison?

On Wednesday, five major international banks, including JPMorgan Chase and Citigroup, America’s largest and third-largest financial institutions, pleaded guilty to felony charges.

May 22 09:40

Corporation Bribes Landowner With Prostitutes To Build Pipeline

May 22 08:51

Growing Global Inequality Gap 'Has Reached a Tipping Point'

'When such a large group in the population gains so little from economic growth, the social fabric frays and trust in institutions is weakened.'

May 22 08:38

US media and pro-Israel antics in Congress

The New York Times’ coverage of congressional antics related to the Trade Promotion Authority (TPA) legislation has ignored so many critical aspects of the bill that it might be time for the “paper of record” to change its motto from “All the news that’s fit to print” to “All the news we think fits, we print.”

Here’s why.

May 22 08:33

Ry's wage plan

May 22 08:21

Token fines for banks caught rigging foreign exchange markets

In yet another wrist-slap settlement for bankers involved in criminality on a massive scale, the US government on Wednesday announced that five major banks had pleaded guilty to felony conspiracy.

May 22 08:08

Leading German Keynesian Economist Calls For Cash Ban

At this stage, a sane person might be tempted to call it a day on the monetary experiments, especially considering that at this point, the limits have been reached. That is, there are literally no more assets to buy and rates have hit the effective lower bound where rational actors will eschew bank deposits in favor of the mattress. But not so fast, say folks like Citi’s Willem Buiter and economist Ken Rogoff: the world could always ban cash because if you eliminate physical currency and force people to use a debit card linked to a government controlled bank account for all transactions, you can effectively centrally plan everything. Consumers not spending? No problem. Just tax their excess account balance. Economy overheating? Again, no problem. Raise the interest paid on account holdings to encourage people to stop spending.

Webmaster's Commentary: 

May 22 08:02

It Is Mathematically Impossible To Pay Off All Of Our Debt

Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?

May 22 06:12

Economic Smoke & Mirrors

May 21 20:45

Six banks fined $5.8 billion for market rigging

No one goes to jail...

May 21 19:38

3 Things: If You Don't Like It Change It

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