Category Archives: Corruption

The insatiable greed of Capitalist banks and other institutions in America dooms us to one of the hardest crashes of any nation as energy resources decline. The rampant fraud in all of our institutions comes at a time when the political system needs to be reinvented towards a steady-state, sharing one. It’s probably too late, but any success at all towards staying under the depletion curve by restricting immigration and women to one child would lessen social chaos and suffering in the future. So far we’ve been staying under the net energy curve by pushing over half of Americans into such desperate poverty they can’t afford to drive as much, or at all, and live with less food, heating, air-conditioning, and other goods. How is a nation of individualistic, obese, out-of-shape and unhealthy people going to shift from fossil fuel power to muscle power in less than a decade?

Why Banks and Wall St will go broke if interest rates ever go up

Dumb Money Day 1 by Charles Marohn, Strong Towns   Jun 10, 2013 This week I want to write about one very technical finance subject and the implications for the housing market and, by extension, for cities and the great reset … Continue reading

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George Soros on Financial Collapse and the Coming U.S. Class War

Excerpts from John Arlidge. Jan 23, 2012. George Soros on the Coming U.S. Class War. Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment … Continue reading

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Beware of Real Estate — it hasn’t finished collapsing

2014 A. Gary Shilling: A U.S. recession would halt the housing recovery, which is already on shaky ground, as pending sales, housing starts and mortgage applications for refinancing decline. And a housing slump would spread to many other sectors, including … Continue reading

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How Companies Plunder and Profit From the Nest Eggs of American Work

Retirement Heist: How Companies Plunder and Profit From the Nest Eggs of American Workers By Ellen E. Schultz    Portfolio/Penguin 2011 216 pages, in hardcover and paperback August 20, 2012. UE News – Summer 2012 issue We already knew that employers … Continue reading

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Bill Black on why there aren’t any prosecutions for financial fraud

2011 Will Bring More De facto Decriminalization of Elite Financial Fraud Dec 28, 2010   Bill Black The role of the criminal justice system with regard to financial fraud by elite bankers in 2011 is likely to reprise its role last … Continue reading

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Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Just about everyone I know believes in the permanence of the Dollar, the Eternal Supremacy of the United States, and the propaganda to constantly grow their money by taking risks. So they dutifully feed hard-earned wages into the voracious slot … Continue reading

Posted in Collateralized Debt Obligation, Crash Coming Soon, Debt, Money, No Reforms, Ponzi Schemes, Unfunded Liabilities | Comments Off

Banks still gambling on illegal Collateralized Loan Obligations (CLO)

Banks Cling to Bundles Holding Risk APRIL 19, 2014 GRETCHEN MORGENSON New York Times Some $431 billion worth of C.L.O.s currently exist. The Volcker Rule doesn’t go into effect until 2015, but that hasn’t stopped big bankers and their supporters … Continue reading

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Fannie & Freddie started the mortgage crisis

Reckless Endangerment. How outsized ambition, greed, and corruption led to Economic Armageddon 2011 by Gretchen Morgenson and Joshua Rosner This book makes the case that Fannie & Freddie started the mortgage crisis and then Wall Street got in on the … Continue reading

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Tax avoidance

8% of the global financial wealth of households is held in tax havens, 75% of which goes unrecorded Gabriel Zucman. July 6, 2013.

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Gordon Long Extend & Pretend

Gordon Long has interesting ideas about what’s going on and how to invest accordingly.  I don’t agree with all that he writes, but what he has to say sure is interesting and a good overview of the incredibly widespread corruption … Continue reading

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