The Most Brazen Corporate Power Grab in American History Posted on September 2, 2016 by WashingtonsBlog By Pulitzer Prize-winning reporter Chris Hedges, formerly of the New York Times. Truth Dig(republished with permission of the author.) By Chris Hedges A 2014 protest in Tokyo against the Trans-Pacific Partnership agreement. (Shizuo Kambayashi / AP) Chris…
Little-Known History of the Euro: Crisis Was Baked In from the Start You’ve heard that the Euro was created to provide two benefits for Europe: 1. Unite Germany, France and other countries in a peaceful political situation, to prevent repeats of World War I and II 2. Create a macro-zone to compete against…
Who Runs the Fed? Timothy A. Canova ? Summer 2015 The 2008 financial crisis challenged many orthodox assumptions in finance and economics, including the proper role and accountability of central banks. The U.S. Federal Reserve, commonly known as the Fed, is the world’s most powerful central bank.
Earlier this month, attorney James Kidney, who was retiring from the Securities and Exchange Commission, gave a widely reported speech at his retirement party. He said that his bosses were too, quote, “tentative and fearful” to hold Wall Street accountable for the 2008 economic meltdown. Kidney, who joined…
The man who broke the Bank of England George Soros. He’s the investor’s investor—the man who still holds the record for making more money in a single day’s trading than anyone. He pocketed $1 billion betting against the British pound on “Black Wednesday” in 1992, when sterling lost 20 percent of its value…
news could take some time for the market to sort through the implications. It may more or less mean the end of the risk rally if economic indicators flatten out again –
It’s Bank Lobbyists vs. American Families In Fight For Financial Reform In his latest salvo against Wall Street, Rolling Stone’s Matt Taibbi argues that the recent resurgence of the banking sector is the result of nothing more than a series of Depression-Era con jobs. In Taibbi’s words, Wall Street has delivered “the best 18 months…