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Economic Articles from 2017

Banks Are Evil

[Economic]
Banks Are Evil
by Adam Taggart
Posted May 22, 2017

banks are evilIt’s time to get painfully honest about this. I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial industry — with the big banks at its core — as the root cause of injustice in today’s society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I’m choosing that word deliberately: Evil.

In my opinion, it’s long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under — the banks control it all. And they run the system for their benefit, not ours. More…

The Plan to Control ALL Your Money is Now at Advanced Stage

[Economic]
The Plan to Control ALL Your Money is Now at Advanced Stage
by Ben Traynor
Posted May 19, 2017

the beginnings of massive theft“They’re coming for your money. Every last penny.” That sounds like a weird, tinfoil-hat thing to say, doesn’t it? And I guess it is.

As the old saying goes, though, just because you’re paranoid doesn’t mean they’re not out to get you!

Because it turns out – as you’ll keep reading you’ll learn exactly why I’m saying this – that they really do plan to take total control of your money. Every penny you have in the bank and anything you take out of the bank too.

I will show you how the monetary powers plan to take control of your wealth. You’ll also see why this plan is already at a very advanced stage. Armed with this knowledge, you’ll be able to spot the warning signs before they put their plan into action. So you can get ahead of this new threat to your financial well-being. More…

The Student Debt Servitude Sham

[Economic]
The Student Debt Servitude Sham
By Gordon T Long
Posted May 18, 2017

students make banks richMany today strongly believe it is morally wrong to indenture students to the degree of liabilities presently required to achieve the education required to become a productive contributor within our modern society.

The question we need to demand answers to is why has college costs for students exploded upward, while salaries and job positions for graduates has not? What is driving the relentless and inexplicable surge in the debt burden for students and their parents?

The well researched “Ivy League Inc” by my friends at OpenTheBooks only begins to scratch the surface of what is minimally a sham and may be better described as an orchestrated banking scam, not to dissimilar in design to the last financing bubble (i.e. the Residential Real Estate bubble in the last decade). Let me take the discussion in a critical direction which they politically may have felt it to be too sensitive to broach? More…

Slavehood 2017: Social Chaos and Global Warfare. “Puppet Leaders’ Greed for Power and Money”

[Economic]
Slavehood 2017: Social Chaos and Global Warfare. “Puppet Leaders’ Greed for Power and Money”
By Peter Koenig
Posted May 16, 2017

the new slaveryWhen in the 18th and 19th Century African slaves did not ‘behave’, they were cruelly beaten sometimes to death as a deterrent for others. They were deprived of food for their families. Their women were raped. They were traded to even harsher white masters. Their lives were worth only what their labor could produce. They were treated as subjects, devoid of human warmth.

Today we have become all slaves; slaves to the powers of mafia bankster of finance; slaves to the western lie-propaganda; to the lobbies and their giant all dominating corporations – to the war-industry, because we happily believe what we are told about ever-increasing terrorism that needs to be fought with eternal wars; slaves to the environment-destructive hydrocarbon industry; to the pharma-industry; to the Monsanto-ized agroindustry; to senseless consumerism – and foremost – and summing it all up: to greed, endless greed that drives endless growth, nurturing endless competition fomenting adversity, destroying solidarity, instead of amical cooperation for a harmonious human cohabitation. More…

Are U.S. Taxpayers Now on the Hook for Risky Wall Street Real Estate Backed Bonds?

[Economic]
Are U.S. Taxpayers Now on the Hook for Risky Wall Street Real Estate Backed Bonds?
by Michael Krieger
Posted May 14, 2017

newest slumlord, courtesy of the taxpayersLet’s revisit a little contemporary American robber baron history. In the immediate aftermath of the U.S. financial crisis, financial oligarchs immediately got to work helping Main Street climb out of the Wall Street created ditch by buying foreclosed homes from hordes of newly destitute Americans and then renting them back to those same people.

Well they aren’t really your “new” slumlord in the sense you have been debt slaves to the financials system for decades. What I really mean is that it is now becoming overt and literal. Literal because financiers are now the main players in the real estate market and are buying all the homes ordinary citizens were kicked out of over the past few years. Yep, we bailed out the financial system so that financiers with access to cheap credit can buy up all of America’s real estate so that they can then rent it back to you later. More…

I never knew how screwed up global banking was until I started my own bank

[Economic]
I never knew how screwed up global banking was until I started my own bank
by Simon Black
Posted May 13, 2017

global banking is screwed upBy late 2014 I’d finally had enough. After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank. I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.

Had I known then what I know now, I think I still would have made the same decision…. but in total honesty I was completely unprepared for the torrential shit storm I was about to enter. The deeper I went, the more overwhelming my discoveries of how shockingly inept, obsolete, and out of touch the industry is.

It’s one thing to read about it in the headlines. It’s quite another to experience it first hand as an insider. More…

Just a quick reminder of who’s really in charge

[Economic]
Just a quick reminder of who’s really in charge
by Simon Black
Posted May 9, 2017

who is really in charge?To be clear, there is no greater power over a nation than having control of its money supply and interest rates.

Think about it: interest rates influence just about EVERYTHING in the economy. Changes in interest rates influence housing prices, company stock prices, retail sales, food prices, oil prices, and major business purchases.Interest rates have a significant impact over employment, business investment, inflation, and the currency’s international exchange rate. Increases in the interest rate even have the power to bring a government to its knees.

This is pretty extraordinary power. And it has been awarded to an unelected committee that has an astonishing track record of getting it wrong. More…

The Looting Machine Called Capitalism

[Economic]
The Looting Machine Called Capitalism
By Dr. Paul Craig Roberts
Posted May 8, 2017

externalizing the costsI have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity.

In the past when critics raised the question about external costs, that is, costs that are external to the company although produced by the company’s activities, economists answered that it was not really a problem, because those harmed by the activity could be compensated for the damages that they suffered. This statement was intended to reinforce the claim that capitalism served the general welfare. However, the extremely primitive nature of American property rights meant that rarely would those suffering harm be compensated. The apologists for capitalism saved the system in the abstract, but not in reality. More…

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Quotable Sayings

nothing can stop a determined soulThere is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul.

Ella Wheeler Wilcox

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billionaires don't EARN money, they MAKE money

You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.

Grace Blakeley

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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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discover your infinite worth

You alone are the judge of your worth and your goal is to discover infinite worth in yourself, no matter what anyone else thinks.

Deepak Chopra

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main stream media propaganda

It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.

Caitlin Johnstone

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Britian's Orwellian tactics against Julian Assange

It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.

Pepe Escobar

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More Quotable Sayings

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How is it that we were taught to fear witches, rather than those burning them?

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

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.