background preloader


Facebook Twitter

Mis-selling scandal will see HSBC cut executives' bonuses.


Euro Debt Chart. U.K. 50 Billion Injection. Greek Brace 4 Impact. US Debt_Ceiling. StockACT Law Maker Insider Trading Bill. Ben Bernanke Baron Green_Back Counterfieter. Financial CrimeZ Task_Force. C0UnT3rFiT_M0nEy. Insider Trading 30Day DBase RuleZ. Bail O.U.T. The Truck LoadZ Of Cash. Cash_Transaction Banning!!! Morgan Stanley Bonuses Capped @ $125,000. JPM Exposures In PIIGS. Everything You Need to Know About Wall Street, in One Brief Tale. The PeopleZ Oppinion On The Poverty GAP. Did Henry Paulson tip off hedge fund managers on Fannie and Freddie.

Greenspan Interview

Hilderbrand Wife TradeZ. Head of Swiss National Bank denies insider trading. GOLDMAN Downgraded By Wells Fargo. 455 Billion Record ECB Deposit Jan 2012. BankZ Still Vulnerable To Cyber Attacks. Virgin/Blackrock. Morgan Stanley Job cuts. China currency Manipulation. US Collapsing & Press TV. Brazil TakeZ Over UK Economy. Japan WarnZ England To Make A Stronger BackUp Fund!!! UK Conspiracy. Pay Role TAX Continuation. The gold standard: what is it and should we return to it? By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie The gold standard: ever heard of it?

The gold standard: what is it and should we return to it?

Most people haven’t, yet it remains an important part of gold history, and it may serve us well if we got back on it. So what exactly was “the gold standard?” The gold standard was essentially a commitment by several participating countries to fix the prices of their respective domestic currencies in terms of specific amount of gold. In essence, national money, along with other money like bank deposits and notes, were freely converted into gold at a fixed price.

HSBC Sells Japan Private Bank To Credit Suise

Harrisburg Bankruptcy Petition Thrown Out. The bankruptcy case filed by Harrisburg, Pennsylvania, the state capital, was thrown out by a judge who ruled the city council wasn’t authorized to file the petition.

Harrisburg Bankruptcy Petition Thrown Out

U.S. Bankruptcy Judge Mary D. France held a hearing yesterday in Harrisburg on whether the council violated state laws last month when a majority opted to file under Chapter 9 of the bankruptcy code. Mayor Linda D.

Washington Mutual 64 Mil

85,000 In Credit Union Covered By FSCS. WTO World Trade Organization. Millionaire Surtax Drop Dropped By Obama Dems. Russian Banking. 15 BankZ On Doom_Grade Watch. IMF EURO!!! Debt Cancelation. Foiabrief. Tyler Durden ZEROHEDGE @AnonDr_X. 30 SECOND GUIDE: Operation twist. By Daily Mail ReportersUPDATED: 08:08 GMT, 20 September 2011 The Daily Mail City team explains what is the effect of operation twist on the economy as the Fed is expected to do something at its two-day meeting this week to boost growth.

30 SECOND GUIDE: Operation twist

What’s that? It is what the financial markets are expecting from the US Federal Reserve this week to boost growth in the flagging American economy. Fed chairman Ben Bernanke is under pressure to prevent another recession. Web of Debt - Ellen Brown - 1 of 5. Quantitative Easing Explained. Drug money laundering by wall street ( Max Keiser ) Afghanistan war. Outlook for Investing in Egypt; Gulf Deleveraging - Video. Northwest Eyes Big Gains From Free Trade Agreements. HOW YOU BECAME A SLAVE TO THE BANKERS! By Michael Rivero In the good old days, after George Washington and the boys won the war to free us from the bank of England's predatory and impoverishing practices, they set up a "revolutionary" economic system.


The government created and issued all the public currency, spending it into circulation to purchase what the government needed, then after the currency circulated through society to fuel commerce, was taxed back to the government to balance the books. Simple! Click for larger image Banks existed, of course. Republican Acknowledges GOP Pushed Ryan Plan In Super Committee Negotiations. If you're having a hard time buying that one party was more reasonable than another in the Super Committee negotiations, read Republican co-chair Jeb Hensarling's obituary for the panel in the Wall Street Journal.

Republican Acknowledges GOP Pushed Ryan Plan In Super Committee Negotiations

Specifically, check out this part about the GOP's big ask: Democrats on the committee made it clear that the new spending called for in the president's health law was off the table. Still, committee Republicans offered to negotiate a plan on the other two health-care entitlements--Medicare and Medicaid--based upon the reforms included in the budget the House passed earlier this year....Republicans on the committee also offered to negotiate a plan based on the bipartisan "Protect Medicare Act" authored by Alice Rivlin, one of President Bill Clinton's budget directors, and Pete Domenici, a former Republican senator from New Mexico. Rivlin-Domenici offered financial support to seniors to purchase quality, affordable health coverage in Medicare-approved plans. If There Is a Run on the Banks, Know Who To Blame. It isn’t Alex Jones or Gerald Celente Paul Joseph Watson Prison Monday, November 21, 2011.

If There Is a Run on the Banks, Know Who To Blame

Debit Card Charges - National Lawyers Guild Files FOIA Requests Seeking Evidence of Federal Role in Occupy Crackdown. With Congress no longer performing its sworn role of defending the US Constitution, the National Lawyers Guild Mass Defense Committee and the Partnership for Civil Justice today filed requests under the Freedom of Information Act (FOIA) asking the Department of Justice, the Department of Homeland Security, the FBI, the CIA and the National Parks Service to release "all their information on the planning of the coordinated law enforcement crackdown on Occupy protest encampments in multiple cities over the course of recent days and weeks.

National Lawyers Guild Files FOIA Requests Seeking Evidence of Federal Role in Occupy Crackdown

" World business, finance, and political news from the Financial Times. Russell Simmons Calls for Constitutional Amendment to Get Money Out of Politics. Finally, a Judge Stands up to Wall Street. Foreign aid to zero - Ben Smith. November 12, 2011 The leading Republican candidates said Saturday night that they'd begin their foreign aid budget as zero, and declined to commit to continuing the United States' massive funding for Israel -- not to mention Egypt and other countries. Smash and grab: Bilderberg and the Trilateral Commission snatch Greece and Italy.

By Richard CottrellEnd the Lie Events in Greece and Italy are truly momentous.

Smash and grab: Bilderberg and the Trilateral Commission snatch Greece and Italy

Futures Up Ahead of Consumer Sentiment. NEW YORK (TheStreet) -- U.S. stock futures extended gains after Italy moved one step closer to adopting austerity measures needed for Prime Minister Silvio Berlusconi to resign and pave the way for a new government.

Futures Up Ahead of Consumer Sentiment

Futures for the Dow Jones Industrial Average were up 89 points, or 91 points above fair value, at 11,944. The index traded up in three of the last four trading sessions. Futures for the S&P 500 were edging 12 points higher, or 13 points above fair value, at 1249. Futures for the Nasdaq were up 20 points, or 15 points above fair value, at 2326. The Italian senate's approval of the country's 2012 budget law Friday opens up a parliamentary vote on the bill this weekend.

How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A Whimper. A little over a month ago, Zero Hedge started an avalanche in the financial sector, and an unprecedented defense thereof by the "independent" financial media and conflicted sell side, by being simply the messenger in pointing out that the gross exposure of one Morgan Stanley to the French banking sector is $39 billion.

How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A Whimper

The firestorm of protests, which naturally focused on the messenger, and not the message, attempted to refute the claims that Morgan Stanley (and many others) are overexposed to Europe (both banks and countries) by stating that gross is not net, and that when one nets out "hedges" the real exposure is far, far lower. The logic is that bilateral netting, as the principle behind this argument is called, should always work - no matter the market, and that counterparty risk, especially when it comes to hedges, should always be ignored because banks will always honor their own derivative exposure. For those still confused here is Bloomberg with more: Sound familiar?


Goldman Sachs elevator gossip tweets – inside job or wind-up? Credit unions pounce after banks raise fees. If the list of incentives didn’t do the trick, the bank added a scowling twentysomething cutting up a debit card, below the looming question: “$#%&’n mad? You should be!” The provocative campaign seemed to strike a chord with consumers as Lafayette FCU has recorded a 50 percent increase in online applications this month, according to marketing director Christina Madaras. Lafayette FCU, like many credit unions in the Washington area, is capi­tal­izing on the growing anti-bank sentiment that’s sweeping the country. Officials at Bank of America declined to comment for this article. The bank may have garnered the most attention, but it is not the only institution using fee hikes to offset declines in revenue.

Credit unions have the upper hand now because they and community banks with less than $10 billion in assets are exempt from a new government regulation that cut interchange or “swipe” fees, rules that banks say triggered the wave of new fees. Goldman Summarizes The "Frightful Week Ahead" From Goldman Sachs. Bloomberg To Host Sunday Dinner To Urge Super Committee To Cut $4 Trillion, Let The 99% Eat Cake.

S&P 500 Extends Biggest Monthly Rally Since 1974 on Europe Deal. Oct. 27 (Bloomberg) -- U.S. stocks rose, extending the biggest monthly rally since 1974 for the Standard & Poor’s 500 Index, as European leaders agreed to expand a bailout fund to $1.4 trillion and American economic growth accelerated. Bank of America Corp. and JPMorgan Chase & Co. advanced at least 8.3 percent, following gains in European lenders.


Director's Blog » Blog Archive » Trends in the Distribution of Income. CBO Releases "Updated Estimates of the Effects of the Insurance Coverage Provisions of the Affordable Care Act, April 2014" April 14, 2014CBO and JCT have lowered their estimates of the net federal cost of the ACA’s insurance coverage provisions—to $1.4 trillion over the next decade, about $100 billion less than estimated in February. read more CBO Releases "Updated Budget Projections: 2014 to 2024" April 14, 2014The deficit will decrease to $492 billion in 2014, CBO projects. CBO Releases "Testimony on Increasing the Minimum Wage: Effects on Employment and Family Income" March 12, 2014Director Doug Elmendorf testified on the effects of raising the minimum wage, noting that such an increase would boost family income for many low-wage workers but that some jobs for low-wage workers would probably be eliminated. Throw Back WeAreChange confronts Alan Greenspan.

Adbusters Calls For Occupy Wall Street To Demand G20 Impose 'Robin Hood' Tax. NEW YORK (Michelle Nichols) - An anti-capitalist group which sparked the Occupy Wall Street movement has called for global protests Saturday to demand G20 leaders impose a ``Robin Hood'' tax on financial transactions and currency trades. Canada-based Adbusters wants the Occupy Wall Street protest movement against economic inequality to take to the streets to call for a 1 percent tax on such deals ahead of a Nov. 3-4 summit of the Group of 20 leading economies in France. HERP : Calculated Risk: A few comments on the HARP Refinance Program changes. Recovery before Reform - Robert Skidelsky. Exit from comment view mode. How Much Do You Think I Deserve To Keep? One of the best questions ever asked in a political debate was posed by a young man at last week’s GOP debate in Tampa, Fla.

My Blog.


Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return" EU and IMF 'to monitor Italian reforms' - Europe. Italy, under fierce pressure from financial markets, has agreed to be put under surveillance by the International Monetary Fund (IMF) and the EU as part of a plan to restore market trust in the eurozone's third-largest economy, senior EU sources have said.

Wealth, Income, and Power. By G. Market Report - Nov. 4, 2011. Click chart for more markets data. Giac. Bank Of America Layoffs: Rival Banks Say They're Being Flooded With BofA Resumes.