Irving Underhill 1 Wall Street 1931Source: The Automatic Earth Today we take you back all the way to November 26 2008 (remember the good old days when everyone was scared as a squirrel?), when Nicole […]
By Alasdair Macleod When Lehman collapsed in 2008, the world stopped while the Fed implemented its plan to rescue America’s banks and the world’s financial system. This was achieved by making unlimited money available to […]
by Wolf Richter – Testosterone Pit It’s not like Europe is out of the woods, after years of recession, lurching from bank bailout to country bailout, and sweeping remaining fetid matters under the rug. But […]
By Pam Martens Senator Carl Levin’s Permanent Subcommittee on Investigations Is Probing Global Banks’ Involvement in the U.S. Commodities Markets In a span of four days last week, two current executives and one recently retired […]
By Richard (Rick) Mills As a general rule, the most successful man in life is the man who has the best information Money laundering is the process by which illegally obtained cash is made […]
By Andre Damon The 44th annual World Economic Forum (WEF) began Wednesday, bringing over 2,000 corporate executives, major investors, government leaders, central bankers and celebrities to the Swiss Alpine resort of Davos. The annual celebration […]
By Testosterone Pit Germany has its own JP Morgan, the bank that could do no wrong and got bailed out by the Fed and the taxpayer while CEO Jamie Dimon walked on water with a nimbus […]
By Prof. James Petras The world political economy is a mosaic of cross currents: Domestic decay and elite enrichment, new sources for greater profits and deepening political disenchantment, declining living standards for many and extravagant luxury […]
By The Burning Platform. Reports like the recent one from SNL Financial – Branch Networks Continue to Shrink really get my goat. As I travel the increasingly vacant highways of Montgomery County, PA I’m keenly aware of […]
Video first released on 11/14/13 “In the marketplace they [politicians] don’t want to have a correction because politically it’s not acceptable to actually be frugal or spend less or save money and work harder. That’s […]
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