Category Archives: Banking

When will the corrupt financial system cause another financial collapse?

[ Conventional oil production peaked in 2005-6, so if a financial crash occurs, the net energy cliff will be much steeper on the other side, since new projects won’t get financed, and unconventional oil is very expensive to produce and … Continue reading

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What if cash were made illegal so your money could be used to bail out too-big-to-fail banks after the next crash?

[ Also see: February 28, 2016 The Global Run On Physical Cash Has Begun: Why It Pays To Panic First by ZeroHedge ] Ellen Brown. November 23, 2015. Hang Onto Your Wallets: Negative Interest, the War on Cash and the … Continue reading

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The Banking system is a House of Cards

Lynn Parramore. April 21, 2015. Our Banking System is a Giant House of Cards. Money & Banking. It Could Fall On You. Anat Admati teaches finance and economics at the Stanford Graduate School of Business and is co-author of The … Continue reading

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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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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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We’ve been “Bankalized” Banks rule and always will

Ilargi Nov 8, 2010 I read an article Ashvin Pandurangi, our by now greatly valued roving reporter, sent me, entitled “Plutocracy Now”. Ashvin writes about that first notion I was pondering: the nationalization of US banks, though for him it’s … Continue reading

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Let banks fail, says Nobel economist Joseph Stiglitz

Haidar, Suhasini. Jan 29, 2017. Trump makes sense to a grocery store owner. thehindu.com Economist-mathematician Nassim Nicholas Taleb is seen as something of an oracle, given that he saw the 2008 economic crash coming, predicted the Brexit vote, and the … Continue reading

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Your Bank is NOT Safe

PublicBankingTV : Your Money Is Not Safe in the Big Banks August 25, 2013 by Ellen Brown This 13 minute video explains the situation well, a couple of points made: In 2014 the FDIC can only cover .25% of deposits and … Continue reading

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Ellen Brown’s Web of Debt blog

Brown’s Web of Debt blog and books are well researched and worthwhile reading, but she isn’t aware of the energy and resource crises, so her work isn’t fully informed.  But still, you can see that even without those larger issues, … Continue reading

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Bill Moyers & Bill Black on Ponzi schemes, Fraud, & Liar’s loans

Bill Moyers talks to Bill Black about the fraud that pervades the financial industry and the Obama government April 3, 2009  pbs.org William Kurt Blackis an American lawyer, academic, author, and a former bank regulator. His expertise is white-collar crime, … Continue reading

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