The Naked Capitalism
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
~Thomas Jefferson
For Economics 101 Lingo and Videos: Please check on Economics 101 Sub-page...
~Thomas Jefferson
For Economics 101 Lingo and Videos: Please check on Economics 101 Sub-page...
This is what 1 Trillion Dollars looks like!
Report: at least $20.3 trillion hidden in offshore banks by global elite
According to the most detailed study of the so-called offshore economy to date, conducted by James Henry, former chief economist with the consultancy McKinsey, the world’s richest people have taken advantage of cross-border tax laws in order to put away a shocking $20.31 trillion in offshore banks.
While this likely isn’t all that crazy to those who are familiar with the massive conflicts of interest in the Federal Reserve and the fact that the Federal Reserve works with banks to put Americans on the line for the failures of banks, it might be surprising to those who have no clue how the international financial system works.
The astounding sum uncovered by the Henry is slightly less than the 2011 Gross Domestic Product (GDP) of Japan ($5.87 trillion) on top of the 2011 United States GDP ($15.09 trillion).
Learn and Shock more:
And now for the fun part...
US Debt Visualized in $100 Bills
Check out how US debt compares to Statue of Liberty, World Trade Center, Boeing 747 & Football Fields
According to the most detailed study of the so-called offshore economy to date, conducted by James Henry, former chief economist with the consultancy McKinsey, the world’s richest people have taken advantage of cross-border tax laws in order to put away a shocking $20.31 trillion in offshore banks.
While this likely isn’t all that crazy to those who are familiar with the massive conflicts of interest in the Federal Reserve and the fact that the Federal Reserve works with banks to put Americans on the line for the failures of banks, it might be surprising to those who have no clue how the international financial system works.
The astounding sum uncovered by the Henry is slightly less than the 2011 Gross Domestic Product (GDP) of Japan ($5.87 trillion) on top of the 2011 United States GDP ($15.09 trillion).
Learn and Shock more:
And now for the fun part...
US Debt Visualized in $100 Bills
Check out how US debt compares to Statue of Liberty, World Trade Center, Boeing 747 & Football Fields
THE WARNING!
Watch the Full Program
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
Watch the Full Program
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
Watch The Warning on PBS. See more from FRONTLINE.
Inside Job 2010 - The FULL Movie!
A Must Watch Video! Is austerity contagious? Well, the can is so heavy now that kicking it won't budge the can anymore! #HumanMindNOTPartyMind
Do you love your children or yourself? #HumanNeedNOTCorporateGreed
#TwinPartyDictatorship #EndTheFed #BiggerPicture #AFiasco
From Academy Award nominated filmmaker, Charles Ferguson (No End In Sight), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia.
Narrated by Academy Award winner Matt Damon, INSIDE JOB was made on location in the United States, Iceland, England, France, Singapore, and China.
Website: Films For Action http://www.filmsforaction.org/watch/inside_job_2010/
Special Thanks to #MattDamon for narrating the TRUTH Movie!
Inside Job 2010 - The FULL Movie!
Rep. Alan Grayson discussed the Federal Reserve's purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn's.
Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
YouTube Link
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Excerpt from the article:
How awesome is this treasure trove of emails, documents, files et. al placed online by the NY Fed?
Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish.
But my favorite piece simply has to be the Morgan Stanley research report from June 30 2008 “Overweight Rating” on Lehman Brothers — “Bruised, Not Broken, Poised for Profitability“. 60 days later, Lehman Brothers filed what was thent he largest bankruptcy in the United States. This is (literally) what the category “Really Really Bad Call” was invented for.
The Lehman Bankruptcy Docs
How awesome is this treasure trove of emails, documents, files et. al placed online by the NY Fed?
Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish.
But my favorite piece simply has to be the Morgan Stanley research report from June 30 2008 “Overweight Rating” on Lehman Brothers — “Bruised, Not Broken, Poised for Profitability“. 60 days later, Lehman Brothers filed what was thent he largest bankruptcy in the United States. This is (literally) what the category “Really Really Bad Call” was invented for.
The Lehman Bankruptcy Docs
Steve Kroft talks to the bank examiner whose investigation reveals the how and why of the spectacular financial collapse of Lehman Brothers, the bankruptcy that triggered the world financial crisis.
Lehman CEO defends his $500M bonuses that he got from his Bankrupt Company!
YouTube Link
YouTube Link
As a Human Being, I have to give credit to Ron Paul for waking up the people, most importantly the young ones. Please remember that…The Ron Paul Revolution is NOT about Ron Paul. The Revolution is about Liberty. Ron Paul is only one man. You are the Revolution!
We The People vs. The Federal Reserve
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We The People vs. The Federal Reserve
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MF Global bankruptcy - On the Edge with Max Keiser - 12-16-2011
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YouTube Link
A US lawmaker is reportedly planning to introduce the "Sound Dollar Act" early next month. This is legislation that would move the federal reserve from its dual mandate of maintaining price stability (which is anathema to the dollar debasement that it creates through its massive money printing operations) and keeping unemployment low (which it has failed to do...curious...) to just promoting price stability. Hmmm...what would that mean for the Fed's unofficial mandate of trashing the dollar?
And Turkey, the fastest growing economy after China, is being penalized in the credit markets for failing to promote consumer savings, according to bloomberg. What? You mean savings matter!! That's amazing...ummm not to us it isn't. You can't have economic growth without savings, because you can't have investment without capital. Capital comes form savings, and growth comes from investment, but its shocking how many people think money "grows on tress." Can you blame them, when we have a serial money printer at the Federal Reserve, pushing us all into serfdom and neo-feudalism with a policy of perpetual bailouts and zero percent interest rates? Oligarchy here we come!
Finally, with central bank policies of the fed and ECB amounting to --trash for cash -- as economist David McWilliams puts it with his "Punk Economics: Lesson 2," turning "water into wine." These perpetual bailouts are nothing other than an institutional form of wealth transfer. They are nothing but wealth extraction, moving money from the bottom of society, to the top. The money changers. The banksters. The feudal lords. The money chieftains. Call them what you will. They are kleptocrats, and using compounding interest in order to pound society back into the feudal period of landless serfdom.
We speak with our guest, famed trends forecaster Gerald Celente about Greece, the global banking kleptocracy and the attempt by financial oligarchies to occupy the world using paper derivatives index to nothing but wealth extraction.
Gerald Celente, the Kleptocrat's Carry-Trade and the Revolution against Financial Occupation
YouTube Link
And Turkey, the fastest growing economy after China, is being penalized in the credit markets for failing to promote consumer savings, according to bloomberg. What? You mean savings matter!! That's amazing...ummm not to us it isn't. You can't have economic growth without savings, because you can't have investment without capital. Capital comes form savings, and growth comes from investment, but its shocking how many people think money "grows on tress." Can you blame them, when we have a serial money printer at the Federal Reserve, pushing us all into serfdom and neo-feudalism with a policy of perpetual bailouts and zero percent interest rates? Oligarchy here we come!
Finally, with central bank policies of the fed and ECB amounting to --trash for cash -- as economist David McWilliams puts it with his "Punk Economics: Lesson 2," turning "water into wine." These perpetual bailouts are nothing other than an institutional form of wealth transfer. They are nothing but wealth extraction, moving money from the bottom of society, to the top. The money changers. The banksters. The feudal lords. The money chieftains. Call them what you will. They are kleptocrats, and using compounding interest in order to pound society back into the feudal period of landless serfdom.
We speak with our guest, famed trends forecaster Gerald Celente about Greece, the global banking kleptocracy and the attempt by financial oligarchies to occupy the world using paper derivatives index to nothing but wealth extraction.
Gerald Celente, the Kleptocrat's Carry-Trade and the Revolution against Financial Occupation
YouTube Link
Bernanke speaks and everyone seems to listen. In a speech today, he warned about the job market and said continued accommodative easy-money policies will be needed to make further progress.
This has the financial press reading the tea leaves and saying more QE.
Is it really because, as our guest says -- TBTF really means "trust Bernanke to fund?"
She's Janet Tavakoli, author of "The New Robber Barons: How Bankers created an International Oligarchy,"
and she's here to talk about the too big to fail banks, the financial oligarchy, and
how MF Global fits into this web of derivative inspired meth lab of shadow liquidity and off-balance sheet risk.
And since we are on the issue of MF Global, what's the latest on its former CEO, Jon Corzine? Did he or didn't he knowingly transfer close to 200 million dollars in customer money from MF Global to JP Morgan on one occasion before the firm imploded? Internal emails that have come out reportedly point different ways. Regardless, has he gotten away with other types of fraud already? And do credit derivatives, like those used to bet the firm on Europe's debt crisis, continue to pose a major risk to markets? And does regulation do anything to stop this?
Financial Oligarchy and the New Robber Barons w/Derivatives Guru Janet Tavakoli
YouTube Link
This has the financial press reading the tea leaves and saying more QE.
Is it really because, as our guest says -- TBTF really means "trust Bernanke to fund?"
She's Janet Tavakoli, author of "The New Robber Barons: How Bankers created an International Oligarchy,"
and she's here to talk about the too big to fail banks, the financial oligarchy, and
how MF Global fits into this web of derivative inspired meth lab of shadow liquidity and off-balance sheet risk.
And since we are on the issue of MF Global, what's the latest on its former CEO, Jon Corzine? Did he or didn't he knowingly transfer close to 200 million dollars in customer money from MF Global to JP Morgan on one occasion before the firm imploded? Internal emails that have come out reportedly point different ways. Regardless, has he gotten away with other types of fraud already? And do credit derivatives, like those used to bet the firm on Europe's debt crisis, continue to pose a major risk to markets? And does regulation do anything to stop this?
Financial Oligarchy and the New Robber Barons w/Derivatives Guru Janet Tavakoli
YouTube Link
Mike Maloney breaks down Price Manipulation in the Gold and Silver Market
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YouTube Link
A Look at how Central Banks are Steering our Society off an Economic Cliff with Lew Rockwell as guest
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YouTube Link
With Italian and Spanish bond yields back on the rise, we've recently seen the Dutch government collapse under the weight of austerity talks and French president Nicolas Sarkozy defeated after the first-round of elections. As price discovery is guarded against in the financial markets, are we seeing its emergence reflected in the delicacy of eurozone governments as discontent is being "priced into" the democratic process?
Central banks may not be waiting to find out if major currencies -- the euro or the US dollar -- will collapse or be devalued. They are stocking up on gold. IMF data shows Mexico added close to 17 tons of gold to its reserves in March. Turkey, Russia and Kazakhstan are buying gore too. We speak with GoldMoney founder James Turk about why he thinks central banks could be guarding themselves from the confetti cannon currency being shot around the globe.
Central banks may not be waiting to find out if major currencies -- the euro or the US dollar -- will collapse or be devalued. They are stocking up on gold. IMF data shows Mexico added close to 17 tons of gold to its reserves in March. Turkey, Russia and Kazakhstan are buying gore too. We speak with GoldMoney founder James Turk about why he thinks central banks could be guarding themselves from the confetti cannon currency being shot around the globe.
James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger!
YouTube Link
YouTube Link
OK, 3rd World America. The Truth is out there!
The Federal Reserve came out with its interest rate decision today. They voted to keep rates at essentially zero, and hinted that they expect them to stay there until at least late 2014.
Before we get into what this decision means with our guest English Bob, contributing editor for Zero Hedge, let's start with a little story.
Once upon a time, there were these things called "prices." The market (I.e. You, me and Joe six-pack down the street) determined them with every single transaction we made. Although we still use prices in our everyday lives in order to make decisions, these prices are no longer freely determined by the market. They are distorted, and the source of that distortion rests at the FOMC.
The Federal Reserve came out with its interest rate decision today. They voted to keep rates at essentially zero, and hinted that they expect them to stay there until at least late 2014.
Before we get into what this decision means with our guest English Bob, contributing editor for Zero Hedge, let's start with a little story.
Once upon a time, there were these things called "prices." The market (I.e. You, me and Joe six-pack down the street) determined them with every single transaction we made. Although we still use prices in our everyday lives in order to make decisions, these prices are no longer freely determined by the market. They are distorted, and the source of that distortion rests at the FOMC.
ZeroHedge Blogger outlines how Bernanke and the Fed could finally go Bankrupt!
YouTube Link
YouTube Link
John Butler on the Dollar Liability and Gold's role as the Insurance…
OK, 3rd World America. Signs, signs, signs are everywhere... #BiggerPicture
The Death of U.S. Dollar is coming... inevitably. #TwinPartyDictatorship
Who can control the value of Gold in the Stock Market?
Is Austerity contagious? That's the ONLY option in their EVIL minds...
THERE IS NO LEFT OR RIGHT PARADIGM! THERE IS ONLY TYRANNY OR LIBERTY!
#HumanRoBOT #HumanMindNOTPartyMind
China and Japan are scheduled to start trading in their own currencies Friday. The Japanese Finance Minister came out with this news. This allows traders to trade in Yuan and Yen without first converting them into Dollars. So, we'll talk about what this means for the US dollar: the global reserve currency. Are we headed towars a world where no single currency reigns supreme -- an end to what French President Charles De Gualle famously recognized as America's "exorbitant privilege?"
And more trouble in Europe as Spain's borrowing costs over Germany's rise to the highest level since the start of the Euro according to the Financial Times. The rescue of Bankia is reportedly what has investors wary, with concern about the terms of the 19 billion Euro bailout. This is jus one in a string of events we've seen over the last several months that you might think would have investors running to safe havens like gold. So why has gold been on a downward trajectory since last August then -- almost one year? Is it not a safe haven after all? John Butler, author and veteran of global finance, is here to tell us why that's not the case...
NOTE: Lauren mentioned the OWS: The STATUS QUO is a GREAT tool to dupe people and some of the Occupy Wall Street activists have been doing that for their own self-interest. Please bear in mind that NOT all Occupy Movement is the same as #OWS . You’ve been forewarned… Pure 99% ALWAYS thinks and cares for the best interest of the majority of the people.
Stay VIGILANT!
Please check out Operation Mettabomb Page
3rd World Peeps of A 3 cents “Where TRUTH Matters because WE are all Human Beings.”
Scrutinize the candidates BEFORE/AFTER Election. Why? It’s because WE are a Human Being! IT’S PAYBACK TIME!!!
Please remember that out of 535 elected officials in Congress, there’s only a HANDFUL or LESS that’s been serving for the best interest of the majority of the people!!! How PITIFUL is that? IT’S PAYBACK TIME!!!
#WeThePeople #UnchainedUs #LegalizeFreedom
OK, 3rd World America. Signs, signs, signs are everywhere... #BiggerPicture
The Death of U.S. Dollar is coming... inevitably. #TwinPartyDictatorship
Who can control the value of Gold in the Stock Market?
Is Austerity contagious? That's the ONLY option in their EVIL minds...
THERE IS NO LEFT OR RIGHT PARADIGM! THERE IS ONLY TYRANNY OR LIBERTY!
#HumanRoBOT #HumanMindNOTPartyMind
China and Japan are scheduled to start trading in their own currencies Friday. The Japanese Finance Minister came out with this news. This allows traders to trade in Yuan and Yen without first converting them into Dollars. So, we'll talk about what this means for the US dollar: the global reserve currency. Are we headed towars a world where no single currency reigns supreme -- an end to what French President Charles De Gualle famously recognized as America's "exorbitant privilege?"
And more trouble in Europe as Spain's borrowing costs over Germany's rise to the highest level since the start of the Euro according to the Financial Times. The rescue of Bankia is reportedly what has investors wary, with concern about the terms of the 19 billion Euro bailout. This is jus one in a string of events we've seen over the last several months that you might think would have investors running to safe havens like gold. So why has gold been on a downward trajectory since last August then -- almost one year? Is it not a safe haven after all? John Butler, author and veteran of global finance, is here to tell us why that's not the case...
NOTE: Lauren mentioned the OWS: The STATUS QUO is a GREAT tool to dupe people and some of the Occupy Wall Street activists have been doing that for their own self-interest. Please bear in mind that NOT all Occupy Movement is the same as #OWS . You’ve been forewarned… Pure 99% ALWAYS thinks and cares for the best interest of the majority of the people.
Stay VIGILANT!
Please check out Operation Mettabomb Page
3rd World Peeps of A 3 cents “Where TRUTH Matters because WE are all Human Beings.”
Scrutinize the candidates BEFORE/AFTER Election. Why? It’s because WE are a Human Being! IT’S PAYBACK TIME!!!
Please remember that out of 535 elected officials in Congress, there’s only a HANDFUL or LESS that’s been serving for the best interest of the majority of the people!!! How PITIFUL is that? IT’S PAYBACK TIME!!!
#WeThePeople #UnchainedUs #LegalizeFreedom
Gerald Celente on Eurozone Reckoning Day and how Goldman escapes charges!
After its yearlong investigation, the Justice Department said that it will not bring charges against Goldman Sachs or any of its employees for financial fraud related to the mortgage crisis. Is this justice or, as Gerald Celente often says, is this "just us" big bankers getting away with whatever we want?
Also, Benjamin Lawsky, superintendent of the New York State Department of Financial Services threatened to revoke Standard Chartered's banking license after accusing the bank of laundering billions for Iran. Have we found someone to take on the big banks? This action has set off backlash from Federal regulators. Are they going after the New York regulator for doing his job or is the regulator going rogue? We will discuss with Gerald Celente, Founder of Trends Research Institute & Publisher of the Trends Journal.
Plus, the Libor benchmark interest rates must be changed or replaced, says Britain's financial regulator. The regulator also said the future of other benchmarks, including oil, gold, and stock prices, is also under scrutiny. We ask Gerald Celente if there any place to invest that is not rigged.
Gerald Celente on Eurozone Reckoning Day and how Goldman escapes charges!
YouTube Link
After its yearlong investigation, the Justice Department said that it will not bring charges against Goldman Sachs or any of its employees for financial fraud related to the mortgage crisis. Is this justice or, as Gerald Celente often says, is this "just us" big bankers getting away with whatever we want?
Also, Benjamin Lawsky, superintendent of the New York State Department of Financial Services threatened to revoke Standard Chartered's banking license after accusing the bank of laundering billions for Iran. Have we found someone to take on the big banks? This action has set off backlash from Federal regulators. Are they going after the New York regulator for doing his job or is the regulator going rogue? We will discuss with Gerald Celente, Founder of Trends Research Institute & Publisher of the Trends Journal.
Plus, the Libor benchmark interest rates must be changed or replaced, says Britain's financial regulator. The regulator also said the future of other benchmarks, including oil, gold, and stock prices, is also under scrutiny. We ask Gerald Celente if there any place to invest that is not rigged.
Gerald Celente on Eurozone Reckoning Day and how Goldman escapes charges!
YouTube Link
Goldman Sachs Still Above The Law!
These people really are having their way with us!
Who is worst here, Goldman Sachs for the crime they committed, the politicians for illegally ruling their innocence, or the yellow mainstream media for not condemning them both.
All three need to be brought to justice IMO!
Goldman Sachs Still Above The Law!
YouTube Link
These people really are having their way with us!
Who is worst here, Goldman Sachs for the crime they committed, the politicians for illegally ruling their innocence, or the yellow mainstream media for not condemning them both.
All three need to be brought to justice IMO!
Goldman Sachs Still Above The Law!
YouTube Link