Category Archives: Business / Economics

Business and Economics

Nuclear Expert: “Half of the Reactors Operating Today In The United States Do Not Meet The NRC’s Fire Protection Regulations … a Third Of The Reactors In The United States Aren’t Protected Against Flooding If An Upstream Dam Were To Fail … Another 27 Reactors Are Not Protected Against Earthquake Hazards”

American Nuclear Plants Are In Danger of Melting Down The risk of a nuclear meltdown in the United States is even greater than it was at Fukushima. Yet the U.S. Nuclear regulatory Commission (NRC) has weakened safety standards for U.S. … Continue reading

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Gold Manipulation Goes Mainstream

Price Fixing – and Central Bank Number-Fudging – Stories Starting to Go Viral Bloomberg reports today: The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade … Continue reading

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The Dollar and the Deep State

If we consider the Fed’s policies (tapering, etc.) solely within the narrow confines of the corporatocracy or a strictly financial context, we are in effect touching the foot of the elephant and declaring the creature to be short and roundish. … Continue reading

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The Federal Reserve Is Not “Independent” Or “Apolitical”

The Fed Is Very Political … And Serves the Big Banks and the Powers-That-Be The Federal Reserve likes to pretend that it is “independent” and “apolitical”. The facts are different: The Fed offered to bail out Mexico, if it would … Continue reading

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Bank of England and Federal Reserve Knew About – and Encouraged – Massive Interest Rate Manipulation by Big Banks

Central Banks Go to Great Lengths To Prop Up Insolvent Banks … and Put Lipstick On a Pig We noted in 2012 that bot the Bank of England and Federal Reserve knew about the Libor interest rate rigging scandal by … Continue reading

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Why Banks Are Doomed: Technology and Risk

It’s not just that banks are no longer needed–they pose a needless and potentially catastrophic risk to the nation. To understand why, we need to understand the key characteristics of risk. The entire banking sector is based on two illusions: … Continue reading

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Banks Are Obsolete: The Entire Parasitic Sector Can Be Eliminated

What else can we do with the $1.25 trillion we’ll save by eliminating these obsolete financial middleman parasites? A lot. Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why are we devoting 9% of … Continue reading

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91% of Republicans – and 93% of Democrats – Think We Have Too Much Inequality

Politicians May Not Care About Inequality, But People Of Both Parties Do A Gallup poll last month found that 54% of all Republicans think we have too much inequality. A recent poll by leading behavioral scientist Dan Ariely of Duke … Continue reading

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How the Credit Card Gravy Train Is Running Over You

By Ellen Brown. The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.  You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free … Continue reading

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The 1% Have Gotten CHUMP CHANGE Compared to the .1% … Who In Turn Have Gotten PEANUTS Compared to the .01%

Wealth Has Gone to the .01% … Much More Than the 1% Everyone knows that all of the economic growth has gone to the 1%: Wrong! The 1% have gotten chump change compared to the .1% … who, in turn, … Continue reading

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Is the Stock Market Repeating the 1929 Run Up to the Great Depression?

Is History Repeating … Or Throwing a Head-Fake? Chart courtesy of Tom McClellan of the McClellan Market Report (via Mark Hulbert) Hulbert notes that the chart “has been making the rounds on Wall Street.” On the other hand, Martin Armstrong … Continue reading

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Most Facebook “Likes” Are Fake

Janet Tavakoli explains: Derek Muller of Veritasium released a video today demonstrating most “likes” are fakes and ads aren’t reaching target audiences. He kicks off the video with ”Virtual Bagel,” put up by BBC’s tech correspondent Rory Cellan-Jones to illustrate the problem.

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New Book on Economic Inequality Reports that It Peaked in 1910, Right Before WW I

Preface from Washington’s Blog: Runaway inequality is also caused by (1) the Federal Reserve’s quantitative easing (2) the Fed’s attempt to boost stock prices (3) bailouts for the big banks (4) over-financialization of the economy (5) failing to prosecute Wall … Continue reading

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The Fed’s Focus on the “Wealth Effect” Is Idiotic

Fed Policy Has Benefited a Small Handful … But Not the Economy As a Whole We’ve repeatedly noted that the Fed’s main strategy has been to artificially blow bubbles in asset prices. And we’ve repeatedly pointed out that one of … Continue reading

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Bitcoin: Revolutionary Game-Changer Or Trojan Horse?

Bitcoin Is Going Mainstream Reddit, Virgin Galactic, and Overstock.com now accept Bitcoin. So do dating site OKCupid and travel site CheapAir.com. Game giant Zynga is now in the testing phase. Two big Las Vegas hotels accept Bitcoin. Congressman Steve Stockman … Continue reading

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Only Those Making $90,000 Or More Like the Federal Reserve

People Less Well Off Don’t Like What Bernanke Has Done A new poll by Gallup finds that only those making over $90,000 a year like Ben Bernanke’s policies: A majority of Americans living in households with annual incomes of $90,000 … Continue reading

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Why The Keystone Pipeline Will Actually RAISE Gas Prices In the U.S.

Big Oil Is Gaming the System to Raise Domestic U.S. Prices Bloomberg notes: Completion of the entire [Keystone] pipeline would raise prices at the pump in the Midwest and Rocky Mountains 10 to 20 cents a gallon, Verleger, the Colorado consultant, … Continue reading

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1,400 Sue General Electric, Toshiba and Hitachi for Fukushima Disaster

Will the Builders of Unsafe Nuclear Reactors Finally Face Scrutiny? We’ve previously noted that General Electric should be held partially responsible for the Fukushima reactor because General Electric knew that its reactors were unsafe: 5 of the 6 nuclear reactors … Continue reading

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Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option

Guest post by Ellen Brown. “Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. … Continue reading

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QE3 “Was The Only Iteration Of Fed Stimulus Which Did Not Increase Inflation Expectations”

QE3 Has Failed Miserably Michael A. Gayed – chief investment strategist and co-portfolio manager at Pension Partners, LLC, and before that portfolio manager for a large international investment group – notes at MarketWatch: I have said this before, and it … Continue reading

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Is a Major Gold Scandal Going Mainstream?

Allegation that Central Banks Have Rehypothecated, Leased or Outright Sold the Gold They Claim to Have Is Gaining Momentum We noted in 2012 that there are serious questions as to whether the Fed and other central banks really have the … Continue reading

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Open Letter from Top U.S. Computer Security Experts Slams NSA Spying As Destroying Security

The NSA Is Making Us All Less Safe An open letter today from a large group of professors – top US computer security and cryptography researchers – slams the damage to ecurity caused by NSA spying: Inserting backdoors, sabotaging standards, … Continue reading

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54% of Republicans Say We’ve Got Too Much Inequality

6 Conservative Reasons – Based Upon Conservative Values – For Making Sure Inequality Doesn’t Spiral Out of Control Even More We’ve noted for years that it’s a myth that conservatives accept runaway inequality. Conservatives are very concerned about the stunning … Continue reading

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Former NRC Commissioner: Trying To Solve Global Warming By Building Nuclear Power Plants Is Like Trying To Solve Global Hunger By Serving Everyone Caviar

And Nuclear Pumps Out a Lot of Carbon Dioxide It is well-documented that nuclear energy is very expensive and bad for the environment. Former U.S. Nuclear Regulatory Commissioner Peter Bradford notes: If asked whether we should increase our reliance on … Continue reading

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The 4 Myths The Nuclear Industry Wants You to Believe

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Top German Regulator: Precious Metal and Currency Manipulation Are WORSE Than Libor

The New Largest Financial Scandal In History … The Libor interest rate scandal was the biggest financial scandal in history: The big banks have conspired for years to rig interest rates … upon which $800 trillion in assets are pegged … Continue reading

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From Austerity to Abundance: Why I Am Running for California Treasurer

Guest post by Ellen Brown. Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in … Continue reading

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Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana

Stunning Hypocrisy The big banks have laundered hundreds of billions of dollars for drug cartels. See this, this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). The … Continue reading

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What Caused the Crash In the Labor Participation Rate?

Workers May Simply Be Giving Up Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels: The civilian labor force … dropped from 155.3 million to 154.9 million, which means the labor participation … Continue reading

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American and British Spy Agencies Have INTENTIONALLY Weakened Security for Many Decades

Making Us All Less Safe In the Process Norway’s largest newspaper (Aftenposten) reports today that British spies pressured the developers of cellphone standards in the 1980s to intentionally weaken the cellphone’s encryption: The British argued that the key length had … Continue reading

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RBS Pays $600 Million for Manpulating Interest Rates … But Big Banks Are Manipulating EVERY Market to the Tune of Trillions of Dollars

Interest Rates Are Manipulated Bloomberg reports today: Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate. RBS Securities Japan Ltd. in … Continue reading

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JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme

JP Morgan: Ponzi Schemer Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. … Continue reading

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The Fascist Origin and Essence of Privatization

Preface by Washington’s Blog: We documented in 2009 that fascism and our current crony capitalist economy are indistinguishable. We noted in 2011 that America’s public resources are being raped and pillaged … just like those of small debt-saddled countries like … Continue reading

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Is The NSA Quartering “Digital” Troops Within Our Homes?

Are “Digital” Troops Being Sent Into Our Digital Devices Like British Troops Were Sent Into American Colonists’ Homes? We have extensively documented that the U.S. government is trampling virtually every single Constitutional right set forth in the Bill of Rights. … Continue reading

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100 Years Is Enough: Time to Make the Fed a Public Utility

  Guest post by Ellen Brown. December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed? The answer depends on whose purposes we … Continue reading

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One World Leader Still Endorses NSA Spying

Former KGB Agent Stands By the NSA All 3 branches of the U.S. government have concluded that the NSA has gone way too far … and that mass surveillance is unnecessary. The U.N. General Assembly agrees. But one government leader … Continue reading

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Mainstream Economists Finally Admit that Runaway Inequality Is Hurting the Economy

But Bad Government Policies Are Making Inequality Worse By the Day AP reported Tuesday: The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. *** “What you want is a … Continue reading

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Profits Über Alles?

By Gonzalo Lira. Neoliberal economics has been a wonderful driving force for progress and material prosperity—but it cannot be the single ruling principle of our lives, of our government, or of our society. If we allow the profit motive to … Continue reading

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Global Power Project: The Group of Thirty, Architects of Austerity

By Andrew Gavin Marshall. Cross-Posted from Occupy.com. The Group of Thirty, a preeminent think tank that brings together dozens of the world’s most influential policy makers, central bankers, financiers and academics, has been the focus of two recent reports for Occupy.com’s Global Power Project. … Continue reading

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American Dream: R.I.P.

Two Thirds of All Americans Think the American Dream Is Dead We noted in 2010 that the American Dream had moved abroad …  since social mobility between generations is dramatically lower in the U.S. than in many other developed countries. … Continue reading

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Skewed: Income Inequality in America

Source: FinanceDegreeCenter.com Background here, here and here.

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Global Power Project: The Group of Thirty and the “Good Discussion” They’re Still Having

By Andrew Gavin Marshall. Cross-posted from Occupy.com The Group of Thirty (or G-30) describes itself as “a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia,” which “aims to deepen understanding of international economic … Continue reading

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Amend the Fed: We Need a Central Bank that Serves Main Street

By Ellen Brown. December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the … Continue reading

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They’re Going to Dump the Fukushima Radiation Into the Ocean

Yup … They’re Going to Dump It Tepco is planning on dumping all of the radioactive water stored at Fukushima into the ocean. The industry-controlled nuclear regulators are pushing for dumping the radiation, as well. As EneNews reports: Juan Carlos … Continue reading

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Mass Die-Off of West Coast Sealife: Fukushima Radiation … Or Something Else?

What’s Causing the Unprecedented Weirdness In West Coast Ocean Life? NBC Nightly News reports that a mass die-off of starfish up and down the West Coast of North America is puzzling scientists: Brian Williams, anchor: Environmental officials in California say … Continue reading

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What Is The ACTUAL Risk for Pacific Coast Residents from Fukushima Radiation?

“[The Odds of] Longer Term Chronic Effects, Cancer Or Genetic Effects … Cannot Be Said To Be Zero” It is very difficult to obtain accurate information on the dangers from Fukushima radiation to residents of the West Coast of North … Continue reading

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Monsanto, the TPP, and Global Food Dominance

By Ellen Brown. “Control oil and you control nations,” said US Secretary of State Henry Kissinger in the 1970s.  ”Control food and you control the people.” Global food control has nearly been achieved, by reducing seed diversity with GMO (genetically modified) seeds that are distributed … Continue reading

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Government Excuses for Letting the Banksters Off Scot-Free Are Bogus

The Failure To Punish Wall Street Criminals Is The Core Cause Of Our Sick Economy U.S. Attorney General Eric Holder said: I am concerned that the size of some of these institutions [banks] becomes so large that it does become … Continue reading

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JP Morgan Tries Its Hand at Social Media … Gets Absolutely Lambasted By Angry Americans

Twitter Fail JP Morgan launched a social media campaign with the hashtag “Ask JPM” the other day. Given JPM’s criminal behavior and manipulation of markets, Twitter users absolutely lambasted JPM, asking such questions as (via Buzzfeed): “Has the raw cunning … Continue reading

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Security Expert: “Buy American Doesn’t Sell Well Anymore Because It Means Give A Copy To The NSA”

Mass Surveillance Is Destroying the American Economy We’ve previously noted that mass surveillance is killing American tech companies. And Cisco just blamed its earnings slump on China’s disdain for NSA spying. Security expert Bruce Schneier succinctly summed up the destruction … Continue reading

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World’s Most Dangerous Mission to Start In 3 Days

Risky Operation To Start Monday … Whole World Holds Its Breath The most dangerous operation since the Cuban missile crisis will start Monday. Japan Times reports today: Tokyo Electric Power Co. [Tepco] said Friday it will start removing nuclear fuel … Continue reading

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Public Banking in Costa Rica: A Remarkable, Little-Known Model

Guest post by Ellen Brown, http://www.WebofDebt.com. In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking … Continue reading

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Leaked Treaty: Worse Than SOPA and ACTA

Treaty Threatens Global Government … Run by Giant Corporations We noted last year: An international treaty being negotiated in secret which would not only crack down on Internet privacy much more than SOPA or ACTA, but would actually destroy the … Continue reading

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High-Level Fed Official: QE Is “The Greatest Backdoor Wall Street Bailout of All Time”

QE Is Greatest Wealth Transfer in History Many economists have said that quantitative easing (QE) quantitative easing benefits the rich, and hurts the little guy. It’s been known for some time that quantitative easing quantitative easing increases inequality (and see … Continue reading

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Three-Quarters of All Americans – And Many Economists – Want to Rein In the Federal Reserve

74% Want to Audit the Fed A 2009 Rasmussen poll found that 79 percent of the American public is in favor of auditing the Federal Reserve. The numbers have remained fairly constant for years.  Specifically, a brand new Rassumussen poll … Continue reading

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OF COURSE Obamacare Exchanges Will Be Manipulated … Like Traders Already Manipulate Exchanges for Commodities, Carbon Credits, Derivatives, and Everything Else

The Big Boys Manipulate EVERY Market … While Would Obamacare Be Any Different? The following exchanges are being widely manipulated by big banks, hedge funds and other players: Currency Interest rates Oil (and see this) Energy Gold and silver Derivatives Carbon … Continue reading

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Japan Is Being Destroyed By Criminal Corporate Cronyism (Like the Rest of the World)

Fukushima, the Great Recession and Other Crises All Caused by Crony Capitalism Tepco’s criminal actions have worsened the Fukushima disaster: Engineers warned Tepco and the Japanese government many years before the accident that the reactors were seismically unsafe … and … Continue reading

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The Bank Guarantee That Bankrupted Ireland

Guest post by Ellen Brown. The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the … Continue reading

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Feinstein Introduces Trojan Horse … But Tech Giants Throw Weight Behind Legislation Which Would ACTUALLY Rein In NSA Spying

Silicon Valley Titans See Which Way the Wind is Blowing … The head of the Senate Intelligence Committee – NSA shill Diane Feinstein – introduced a Trojan Horse of a bill today which pretends it reins in the NSA, but … Continue reading

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Global Power Project: Central Bankers and the Institute of International Finance, Part 3

By Andrew Gavin Marshall, AndrewGavinMarshall.com. Cross-posted from Occupy.com. In Part 1 of the Global Power Project exposé on the Institute of International Finance, I examined the origins and evolution of an organization representing the interests of global banks. In Part 2, I looked … Continue reading

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Is the Dollar REALLY Losing Its Reserve Currency Status … If So, What Will REPLACE It?

Yes, The Dollar Is Losing Its Status as Reserve Currency The average life expectancy for a fiat currency is less than 40 years. But what about “reserve currencies”, like the U.S. dollar? JP Morgan noted last year that “reserve currencies” … Continue reading

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Fukushima Is Here

500 people assembled on October 19th on Ocean Beach in San Francisco and formed the letters with their bodies to demonstrate their growing concern about eventual fallout on the west coast. Credit and More Information: FukushimaResponse.org Radiation Levels Will Concentrate … Continue reading

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Countries Which Want to Rein In NSA Spying Collectively Have Bigger Economies than the U.S. and Its Spy Buddies

21 Nations Line Up Behind UN Effort To Stop NSA Foreign Policy reports that 21 nations have joined the push for the adoption of a United Nations General Resolution protecting internet privacy against NSA spying. They include the following nations:  … Continue reading

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Jim Rogers and Doug Casey: Never Before In History Have All Central Banks Printed At the Same Time

Uncharted Waters As we noted last year, this is the first time in history that all central banks have printed money simultaneously …  And that’s terrifying. Jim Rogers and Doug Casey just agreed:

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Powerful Nations and Companies Fight Back Against NSA Spying

New Telecommunications Infrastructure Is Being Built to Avoid American Spying One of India’s largest newspapers – The Hindu – reports: Most of Brazil’s global internet traffic passes through the United States, so [the Brazilian] government plans to lay underwater fiber … Continue reading

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The REAL Reason for Saudi Arabia’s Shift Away from U.S.

China Has Just Surpassed the U.S. As World’s Largest Importer of Oil Saudi Arabia has warned of a shift away from the U.S. Here’s the real reason: China just dethroned the U.S. as the world’s largest importer of oil. As … Continue reading

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Architect of Japanese Quantitative Easing Policy Says QE HARMS the Economy In the Long-Run … and that the Fed Is Stuck In a QE Trap

Fed Policy Is Failing Many top economists have said that quantitative easing doesn’t help the economy. But many argue that – without QE – the economy would be much worse. How do we reconcile those opinions? One of the main … Continue reading

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NSA Busted Conducting Industrial Espionage In France, Mexico, Brazil, China and All Around the World

U.S. Conducts Industrial Espionage Globally Le Monde has revealed that the NSA gathered more than 70 million French phone calls in a single month. France’s largest English-language newspaper – The Local – reports: Le Monde said the documents gave grounds … Continue reading

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The Biggest Scam In History

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Top Economic Advisers Forecast War and Unrest

Kyle Bass, Larry Edelson, Charles Nenner, James Dines, Nouriel Roubini, Jim Rogers, Marc Faber, Jim Rickards and Martin Armstrong Warn or War We’re already at war in numerous countries all over the world. But top economic advisers warn that economic … Continue reading

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Government Has Contemplated Seizing Pension Money for Over a Decade

When the Chips Are Down, the Government Will Be Tempted to Grab Our Assets Ireland, Hungary, Poland, Cyprus and other countries have seized pensions as part of move by governments to use long-term assets to fill “short-term deficits”. Russia has … Continue reading

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3 Academic Studies Show that Quantitative Easing Doesn’t Help the Economy

Fed Policy Hasn’t Worked Quantitative easing doesn’t help Main Street or the average American. It only helps big banks, giant corporations, and big investors. (In reality, Federal Reserve policy works … just not for the average American. And a lot … Continue reading

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What the Bible REALLY Teaches Us About Money

What Scripture Teaches Us About Debt and Poverty Preface: If you are an atheist and believe that religion is crazy, please remember that some 85% of the American population identifies itself as Christian and millions more identify themselves as Jewish.  … Continue reading

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Did the Saudi Intelligence Chief and Other High-Ranking Officials Trade on Inside Information Regarding 9/11?

Did Connected Insiders Cynically Trade On Impending Attacks? Mass surveillance by the NSA and other government agencies is not really making us safer, but is being used for other reasons. For example: The NSA spying program is unambiguously being used … Continue reading

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Which Obligations Has the U.S. ALREADY Defaulted On?

The U.S. Has Already Defaulted On Some Obligations We noted earlier this week that the U.S. has partially or fully defaulted on its debt on numerous occasions. We also noted that our largest creditor – China – accused the U.S. … Continue reading

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9 Mind-Blowing Facts About Money

China Invented Every Form of Money China: Invented every single major form of currency, including paper money and fiat currency not backed by any tangible commodities Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat … Continue reading

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The U.S. Has REPEATEDLY Defaulted

It’s a Myth that the U.S. Has Never Defaulted On Its Debt Some people argue that countries can’t default.  But that’s false. It is widely stated that the U.S. government has never defaulted.  However, that is also a myth. Catherine … Continue reading

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The Fed Could Simply CANCEL $2 Trillion of Government Debt

Bipartisan Proposal Would Substantially Reduce Budget Crisis Congressman Alan Grayson and former congressman Ron Paul are two of the fiercest warriors against an out-of-control Federal Reserve. Paul has campaigned to dissolve the Fed for 35 years, and wrote an entire … Continue reading

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U.S. Justice Department Opens Criminal Probe Into Currency Market Manipulation

Currency Markets Are Rigged Currency markets are massively rigged. Bloomberg reports today: The U.S. Justice Department has opened a criminal investigation of possible manipulation of the $5.3 trillion-a-day foreign exchange market, a person familiar with the matter said. The Federal … Continue reading

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Military Waste and Fraud Continue In the Middle of the Government Shutdown

Military Waste and Fraud Are the Main  Cause of Our Problems Regular readers know that the government shutdown is caused by bad policies supported by both parties, including out-of-control military boondoggles. We wouldn’t be in this crisis of hitting the … Continue reading

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Canada Busted in Industrial Espionage Targeting Brazil

The “Five Eyes” Spy On Economic Rivals It has long been clear that the NSA spying program is being used for industrial espionage, by spying on large foreign corporations, and the biggest financial payments systems such as VISA and Swift.  … Continue reading

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Is Homeland Security Preparing for the Next Wall Street Collapse?

Guest post by Ellen Brown, http://www.WebofDebt.com. Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 … Continue reading

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The Dangers of an All-powerful Federal Reserve

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Forget Partisan Rhetoric … The Threatened Government Shutdown Is Caused By Bad Policy By BOTH PARTIES

The Real Cause of the Crisis Preface: Remember what the Founding Fathers said about partisan soap operas. While partisans focus on specific things the other side is doing – “Obamacare” and the “debt ceiling” are the buzzwords of the day … Continue reading

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The Stunning Truth About Inequality In America

Cheat Sheet on Inequality Talk about inequality has been in the news recently, but you won’t believe what’s really happening in America today: Inequality in America today is twice as bad as in ancient Rome, worse than it was in … Continue reading

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Bad Government Policy Has Created the Worst Inequality On Record … And It’s Destroying Our Economy

It’s Not an Accident … It’s Policy America is experiencing unprecedented inequality. And a who’s who of prominent economists (and investors) say that inequality is hurting the economy. Defenders of the status quo pretend that this inequality is something outside … Continue reading

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Who’s Who of Prominent Economists and Billionaire Investors Say that Runaway Inequality Harms the Economy

Growing Consensus that Inequality Causes Economic Downturns A who’s-who’s of prominent economists in government and academia have all said that runaway inequality harms economic growth, including: Fed chairman Ben Bernanke (video continues here) Federal Reserve Governor Sarah Bloom Raskin (more) … Continue reading

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“Covering Up The [Gulf] Oil Spill With Corexit Was a Deadly Action … What Happened In the Gulf Was a Political Act, an Act of Cowardice and Greed”

A Tragedy Our Society Should Never Repeat Preface: Additional interviews of leading government-affiliated experts concerning the Gulf oil spill here and here. As we reported at the time, the EPA allowed BP to dump mass quantities of a highly-toxic chemical … Continue reading

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What We Could Do with a Postal Savings Bank: Infrastructure that Doesn’t Cost Taxpayers a Dime

Guest post by Ellen Brown, http://www.WebofDebt.com. The U.S. Postal Service (USPS) is the nation’s second largest civilian employer after WalMart. Although successfully self-funded throughout its long history, it is currently struggling to stay afloat. This is not, as sometimes asserted, … Continue reading

Posted in Business / Economics, Politics / World News | 9 Comments

The Government Is Spying On Us Through Our Computers, Phones, Cars, Buses, Streetlights, At Airports And On The Street, Via Mobile Scanners And Drones, Through Our Smart Meters, And In Many Other Ways

Take a Peek at How Widespread Spying Has Become Even now – after all of the revelations by Edward Snowden and other whistleblowers – spying apologists say that the reports are “exaggerated” or “overblown”, and that the government only spies … Continue reading

Posted in Business / Economics, Politics / World News | 140 Comments

A Picture Is Worth a Thousand Words

Hat tip Zero Hedge.

Posted in Business / Economics, Politics / World News | 12 Comments

5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t … Continue reading

Posted in Business / Economics, Politics / World News | 8 Comments

What Both Sides Are Missing In The Debt Ceiling Debate

It’s Not a Fiscal Cliff … It’s the Breakdown of the Rule of Law Originally posted in July 2011. Re-posted in light of the debt ceiling drama. The blood pressure of the patient in the emergency room drops precipitously. The … Continue reading

Posted in Business / Economics, Politics / World News | 3 Comments

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Guest post by Ellen Brown, http://www.WebofDebt.com. Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a … Continue reading

Posted in Business / Economics, Politics / World News | 8 Comments

Global Credit Excess Is WORSE than Before the 2008 Crash

Precarious Credit Bubble Threatens Global Economy The world’s most prestigious financial agency – the central banks’ central bank, called the Bank of International Settlements or “BIS”  – has slammed U.S. economic policy for a decade. For example, BIS has long … Continue reading

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Big Banks Manipulated Gold and Silver Markets

Gold and Silver Are Manipulated The Guardian and Telegraph report that gold and silver prices are “fixed” in the same way as interest rates and derivatives – in daily conference calls by the powers-that-be. Long-time trader Andrew Maguire told told … Continue reading

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Attacking Syria Or Iran Would HURT the American Economy

  Top Economists Say War Is Bad for the Economy Preface: Many Americans – including influential economists and talking heads – assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their … Continue reading

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Too Big Has Failed: 3-Minute Video On Wall Street

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The REAL Fukushima Danger

The Real Problem … The fact that the Fukushima reactors have been leaking huge amounts of radioactive water ever since the 2011 earthquake is certainly newsworthy.  As are the facts that: Tepco doesn’t know how to stop the leaks Scientists … Continue reading

Posted in Business / Economics, Energy / Environment, General, Politics / World News, Science / Technology | 385 Comments

Hank Paulson: The Too-Big-To-Fail Phenomenon Is “Unacceptable”

Top Economists, Financial Experts and Bankers Say Giant Banks Are Hurting Economy The Treasury Secretary at the start of the 2008 financial crisis – Hank Paulson – says: 5 yrs after the financial crisis, the Fannie Mae, Freddie Mac reform … Continue reading

Posted in Business / Economics, Politics / World News | 6 Comments