'Spectacular Betrayal' as Trump Hands Economy 'Back Over to Wall Street' Executive orders seen as "a cave-in to the power of Wall Street and the financial lobby.
" (Photo: Dave Center/flickr/cc) President Donald Trump is handing the U.S. economy "back over to Wall Street" on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk. According to the Wall Street Journal, Trump signed executive orders Friday "establish[ing] a framework for scaling back the 2010 Dodd-Frank financial-overhaul law" and rolling back an Obama-era regulation requiring advisers on retirement accounts to work in the best interests of their clients.
That rule was set to go into effect in April. "Wall Street titan Goldman Sachs seems to be taking over financial regulation in the United States, trying to make it easier for them and other big banks like Wells Fargo to steal from their customers and destabilize the economy. " Trump signed the orders after meeting with bank CEOs. Switzerland Follows Iceland in Declaring War Against the Banksters. The Collapse Of the Too Big To Fail Banks In Europe Is Here. By Michael Snyder | The Economic Collapse.
Dollar Collapse? World Bank Whistleblower Predicts Global Currency. Source: www.wakingtimes.com | Original Post Date: November 10, 2014 – According to World Bank whistleblower Karen Hudes, the US dollar is set to crash and will be replaced with a new, interest free, gold-backed currency.
Hudes is a lawyer that worked in the World Bank legal department and has been recently reinstated by the 188 Ministers of Finance on the Board of Governors on the World Bank In an interview with Russia Today, Hudes stated, “there is 170,500 metric tons of gold deposited in a vault in the Bank of Hawaii, 130,500 metric tons in AMEX Hong Kong plus 150,000 metric tons in Development Bank of Singapore, for a total of 451,000 metric tons. There is an additional amount exceeding 100,000 metric tons in other American banks”. What the Worst First Week of Trading In History Tells us About the Year to Come. Humans are… well, human.
And that means that they are susceptible to all manner of superstition and importance put on arbitrary dates. And so, even though the first week of January, when looked at completely objectively, shouldn’t be any different than any other week of the year… it tends to have a psychological meaning for many. Most of the trading in the stock markets today aren’t even done by humans. Goldman Sachs and JP Morgan have computers trading thousands of times per second which makes up for most of the minute-to-minute trading. Fed Official Confesses Federal Reserve Rigged the Stock Market — Crash Certain. By David Haggith | The Great Recession Blog In a dynamite interview, Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession you’ll ever see and hear from a Federal Reserve insider: the Federal Reserve knowingly “front ran” the US stock market recovery (i.e., manipulated the market) and created a huge asset bubble.
New Bank Bail-In System Goes Into Effect In Europe Jan 1, 2016. By Michael Snyder |The Economic Collapse If you have a bank account anywhere in Europe, you need to read this article.
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe. The U.S. Dollar Has Already Caused a Global Recession and Now the Fed Is Making It Worse. By Michael Snyder | The Economic Collapse The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.
But it isn’t just South America that is experiencing a very serious economic downturn. If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding? By Michael Snyder, on November 18th, 2015 If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession?
The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the retail numbers say that we are in a recession. But just like in 2008, the Federal Reserve and our top politicians will continue to deny that a major economic downturn is happening for as long as they possibly can. In this article, I want to look at more signs that a dramatic shift is happening in our economy right now. First of all, let’s consider what is happening to hedge funds. BlackRock is winding down its Global Ascent Fund, a global macro hedge fund that once contained $4.6 billion in assets, according to Bloomberg’s Sabrina Willmer. 4 Harbingers Of Stock Market Doom That Foreshadowed The 2008 Crash Are Flashing Red Again. By Michael Snyder, on November 11th, 2015 And there is a reason why junk bonds are crashing.
In 2015 we have seen the most corporate bond downgrades since the last financial crisis, and corporate debt defaults are absolutely skyrocketing. The following comes from a recent piece by Porter Stansberry… So far this year, nearly 300 U.S. corporations have seen their bonds downgraded. Global Trade Is Collapsing As the Worldwide Economic Recession Deepens. By Michael Snyder | ActivitstPost.com When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.
It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Related Article: The Top 12 Signs That The U.S. Economy Is Heading Toward Another Recession. Russia's ultimate lethal weapon. - Advertisement - Reprinted from RT (image by Vladimir Pesnya / RIA Novosti) DMCA Let's start with some classic Russian politics. Finance Minister Anton Siluanov is drawing up Russia's economic strategy for 2016, including the government budget. Russia to Pass a Law Formally Dumping the U.S. Dollar. Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the...
Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar. by Michael Snyder If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States. In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan. Greece Effectively Defaults To IMF Using SDR Reserves To “Repay” Fund; 1 Month Countdown Begins. (Before It's News) When Monday’s Eurogroup meeting concluded without an agreement between Greece and its creditors, it should have been game over for Athens. A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’ Negative interest begins: U.S. banks begin charging customers to hold their deposits. Greece Buys Gold Sovereigns as New Greek Drachmas Unveiled. Putin Orders Feared “Samson Defense” To Collapse US-EU Economies.
Guess What Happened The Last Time The Price Of Oil Crashed Like This? Grim Numbers from the 2014 Global Wealth Report. Welcome to Berlin, Yankee! Hope You Brought a Mattress for Your Money! There are an estimated 7.6 million Americans living in foreign countries, give or take. 14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst. Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? 14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst.