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How Much Do Shady Financial Practices Cost You, Exactly?

How Much Do Shady Financial Practices Cost You, Exactly?
By Lynn Parramore
Posted July 30, 2016

financial parasitesAmerica’s financial system is broken for all but a few at the top — that much is plain. The rest sense that we are stuck on the minus end of some great financial formula, but given the complexity and size of Big Finance, it’s hard to pin down exactly why it happens and how it all adds up.

Enter economist Gerald Epstein of the University of Massachusetts, Amherst. He has dived in and crunched the numbers, and the results are eye-popping. Epstein and his colleague Juan Antonio Montecino look at exactly how families, taxpayers and businesses get ripped off by dubious financial activities and tally up the costs in a new paper for the Roosevelt Institute, “Overcharged: The High Cost of Finance.” (The Institute for New Economic Thinking has also supported several papers by Epstein). More…

Japan’s “Helicopter Money” Play: Road to Hyperinflation or Cure for Debt Deflation?

Japan’s “Helicopter Money” Play: Road to Hyperinflation or Cure for Debt Deflation?
By Ellen Brown
Posted July 29, 2016

helicopter moneyIf the Japanese experiment is in play, it could settle a long-standing dispute over whether helicopter money will “reflate” or simply hyperinflate the money supply.

Not that allowing the government to issue money is so radical. It was the innovative system of Benjamin Franklin and the American colonists. Paper scrip represented the government’s IOU for goods and services received. The debt did not have to be repaid in some other currency. The government’s IOU was money. The US dollar is a government IOU backed by the “full faith and credit of the United States.” More…

The Federal Reserve is a Ponzi Scheme

The Federal Reserve is a Ponzi Scheme
By Alan R. Adaschik
Posted July 22, 2016

Federal Reserve is a ponzi schemeMost Americans are proud to be American and consider the United States to be the greatest nation in all of history, and there are many things we can point to which substantiates this belief. However, everything in life is transitory and when all is said and done, history will judge that instead of America being something special to be admired, Americans were suckers who fell hook line and sinker for the worst Ponzi Scheme the world has ever seen: the Federal Reserve Bank, more commonly known as the Fed.

Like a Ponzi scheme, it began with a lie concocted solely to suck in its intended victims — the promise to regulate the US economy such that economic booms and busts would be eliminated. In truth the opposite has been the case since the passage of the Federal Reserve Act in 1913. In fact, the Fed actually played a role in bringing about the Depression of 1929 and the deep recession which presently grips the nation. Secondly, similar to a Ponzi scheme, the Fed takes our money and gives us nothing in return. The money we give to the Fed is not earned for any service it provides, nor is there any reasonable justification for us to give it them. More…

Is Dodd-Frank Wall Street Reform Legislation a Hoax?

Is Dodd-Frank Wall Street Reform Legislation a Hoax?
By Pam Martens and Russ Martens
Posted July 18, 2016

surprise meeting with Financial Stability Oversight CouncilFew have examined Dodd-Frank’s failed promises as carefully as Wall Street On Parade. The legislation promised to rein in derivatives – it didn’t. It promised to end the future need for taxpayer bailouts of too-big-to-fail banks. It didn’t. It promised to institute the Volcker Rule to prevent banks from gambling with insured deposits. It didn’t. It promised to reform the practices of the ratings agencies that played a pivotal role in the 2008 collapse. It didn’t.

The so-called Volcker Rule provisions of Dodd-Frank that barred the Wall Street banks holding insured deposits from owning private-equity funds (where they could inflate asset values with little push-back) and hedge funds (where they could dump or hide their own losses) have been repeatedly pushed forward and now are not set to go into effect until July of next year – an outrageous seven years after Dodd-Frank was signed into law. More…

Signs the Government Is Planning to Confiscate Your Retirement Funds

Signs the Government Is Planning to Confiscate Your Retirement Funds
By Jeff Berwick
Posted July 10, 2016

pension theftWe’ve warned that bankrupt governments will be eyeing the multi-trillions of dollars in “un-taxed” retirement funds when they get desperate enough.

It is an incredibly common occurrence. It has happened in numerous countries in just recent memory. Poland, Hungary and Bolivia are a few in the last years where retirement funds have been seized. Total funds currently held in private IRA and 401K accounts in the US are estimated to be in the neighborhood of $10 trillion. That number looks awfully enticing to the US government which is currently indebted to the tune of $19 trillion and holding liabilities of over $100 trillion. More…

TransCanada’s $15 Billion Suit Against U.S. is Corporate Nationhood at its Worst

TransCanada’s $15 Billion Suit Against U.S. is Corporate Nationhood at its Worst
by Mike Levitin
Posted July 6, 2016

If you like NAFTA, you will love the TPP!When the NAFTA nations – United States, Canada and Mexico – meet Wednesday for the annual Three Amigos Summit in Ottawa, climate change and clean energy are expected to dominate the agenda. However, a curiously timed $15 billion lawsuit launched last Friday by TransCanada, which is using NAFTA to sue the U.S. government for its rejection of the Keystone XL pipeline, has undercut the very same climate ideals professed by the North American nations.

Michael Brune, Sierra Club’s executive director, wrote this week, “TransCanada’s attempt to make American taxpayers hand over more than $15 billion because the company’s dirty Keystone XL pipeline was rejected shows exactly why NAFTA was wrong and why the even more dangerous and far-reaching Trans-Pacific Partnership must be stopped in its tracks.” More…

If you like NAFTA, you will LOVE the TPP!

Goldman Sachs Just Ate Denmark for Breakfast

Goldman Sachs Just Ate Denmark for Breakfast
By Jonas Schmidt Hansen
Posted June 18, 2016

so why does our government say we are in Syria?It might be old news that Goldman Sachs makes short-term profit off the work and labor of others. What’s new is that this time, the otherwise well functioning and barely corrupt democratic welfare state, Denmark, has become a victim of the bank’s inextinguishable hunger for profit.

Goldman Sachs stands to make a huge profit from the purchase of 19% of Denmark’s national energy company, Dong Energy, for 8 billion Danish kroner ($1.2 billion) two years ago. When Goldman bought it, the energy company was valued at $6.7 billion, a suspiciously low price. More…

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Earth provides enough to satisfy every man's need, but not every man's greed.

Mahatma Ghandi

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same puppet master pulling strings on both sides

Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.

Caitlin Johnstone

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Deepak Chopra

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The Shocking Truth about Our Money System and How We Can Break Free!

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Great story on why we need to remove ALL of our elected government representatives

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