(DemocracyNow) – In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. “Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders,” Taibbi says. “Pension funds are one of the last great, unguarded piles of money in this country and there are going to be all sort of operators that are trying to get their hands on that money.” Read the rest of this entry »
(RollingStone) – The LIBOR manipulation story has exploded into a major scandal overseas. The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate. The Labor party is demanding a sweeping criminal investigation. Mervyn King, Governor of the Bank of England, responded the way a real public official should (i.e. not like Ben Bernanke), blasting the banks: Read the rest of this entry »
(HigginsBlog) – Watch this video to understand the largest banking corruption scandal in history.
These large banks have stolen money from every single human on the planet. Not one person was left out. Not even YOU! Now that it is exposed there is no going back. We will ALL support the “NO MORE BAILOUT” mantra… Read the rest of this entry »
(RussiaToday) – April 19th, 2012 – In this episode, Max Keiser and co-host, Stacy Herbert discuss huddles and cuddles with the Goombahs of Wall Street and the technical violations that cannot be called by name. In the second half of the show Max talks to Rolling Stone journalist, Matt Taibbi, about the Wall Street mafia, their small and big time rackets and the process of writing these crime stories for a wide audience. Read the rest of this entry »
(FreeStateVoice) – Matt Taibbi speaking at an Occupy Wall Street day of action, February 29th, 2012. He wrote this article for OWS, and passed it out to the crowd. It’s an informative and urgent call to action for Americans from all walks of life. We are happy to be the first to publish it.
(CommonDreams) – I’m submitting a memo to my bosses at Rolling Stone this morning, asking for permission to skip all coverage of the Republican primary season from this point forward. Why? Because Ron Paul and Michele Bachmann have just summed up the entire Republican storyline with perfect precision, through their respective responses to Hurricane Irene. There’s really not much left for any pundit to add, after this weekend’s quips. Read the rest of this entry »
(GlobalResearch) – Was Dominique Strauss-Kahn Trying to Torpedo the Dollar? – Mike Whitney – Read More Here
(InternationalForecaster) – A Higher Cost of Living and A Weaker Economy The Reality – Bob Chapman – Read More Here
(LiraBlog) – SPG Supplement: Is the Gold/Copper Ratio Predicting A Drop In the S&P? – Read More Here
(Cryptogon) – And Now… J.P. Morgan’s Hunt for Afghan Gold – Read More Here
(ZeroHedge) – Japanese Economy Collapses: Q1 GDP Drops At Double Consensus Rate, Epic Nominal Plunge Of -5.2% – Tyler Durden – Read More Here
(ZeroHedge) – China Central Bank Lays It Down: “New IMF Leadership Should Reflect New World Order” – Tyler Durden – Read More Here
(RussiaToday) – Peter Schiff: “We’re selling our souls to the devil”
Volatility is just part of the market, says Euro Pacific Capital President Peter Schiff. While speculation could smooth this out, however, that isn’t the case right now. Irresponsibly money printing is damaging the dollar, and as currency is continued to be produced in America and elsewhere, commodity prices have nowhere to go but up. While the World Bank says the global economy is climbing itself out of a financial crisis, Schiff says he isn’t so certain. Read the rest of this entry »
Alex welcomes back to the show author, journalist, and former managing director at Goldman Sachs, Nomi Prins. Ms. Prins will talk about the arrest of IMF boss Dominique Strauss-Kahn on rape charges and the latest article by Matt Taibbi on prosecuting Goldman Sachs and Lloyd Blankfein. Alex also talks with constitutionalist Alfred Adask about a 60 Minutes hit piece demonizing patriots as domestic terrorists. Mr. Adask was interviewed by CBS for the piece. On Sunday, Adask wrote Am I About To Be Labeled a “Domestic Terrorist”? Alex also covers the latest breaking news and takes your calls Read the rest of this entry »
(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, report on the world fleeing the dollar flood and the dollar fraud and about Jamie Dimons worst nightmare. In the second half of the show, Max talks to Matt Taibbi about the real housewives of Wall Street. Read the rest of this entry »
(RollingStone) – This note comes courtesy of my friend David Sirota out in Colorado. This is a classic example of how the Senate works. If the public understood better how rigged this game is, and how few issues are actually left to an honest vote in the legislature, I’m pretty sure the pitchfork factor would be twice even what it is now.
The short version of this story: Bernie Sanders had put forth a proposal in the Senate to put a 15 percent cap on credit-card interest. Who isn’t in favor of this kind of legislation? The only difference between credit card companies and loan sharks at this point is that you can choose to not patronize a loan shark. As an adult professional in this country one has to have a credit card – it’s impossible to rent a car, buy a hotel room, shop online or do countless other things without one.
But all the credit card companies use the same insane formulae based on FICO scores to charge exorbitant interest rates for anyone who slips up – and they don’t exactly make it easy to not slip up. (I’m doing research on this subject so anyone who has a particularly egregious story about being ripped off by credit card companies, please write in). Almost everyone has horror stories about consumer credit and my guess is that if put to a national referendum, something like the Sanders 15% cap would pass pretty easily. Read the rest of this entry »
(RussiaToday) – Today, Max Keiser and co-host Stacy Herbert look at the scandals of Prozac pilots and Chinese drywall; Timothy Sniveling Scamster Geithner, asking “what choice did the President have?”, and finally, Jamie Dimon, the most dangerous man in America, complaining about the demonization of mega-banks. Max also talks to Rolling Stone journalist, Matt Taibbi, about “Looting Main Street.” Read the rest of this entry »
When it comes to Goldman Sachs there is no free Market. This video is a visualization of Matt Taibbi‘s “The Great American Bubble Machine” – It has been cut down slightly to fit the 10 minute time constraints. Read the rest of this entry »
If youre interested in learning more, check out the websites below. They have excellent resources and news on the latest PR, front group, and think tank offensives. Front groups do not stay around for long. They pop up like mushrooms, do their job, and then disappear. They do this so the public and media dont catch on. Read the rest of this entry »
You might like my videos if you like: Noam Chomsky, Howard Zinn, Ralph Nader, Sheldon Rampton, John Stauber, Matt Taibbi, Michael Albert, Bakunin, Proudhon, Amy Goodman, John Pilger, Mike Gravel, Naomi Klein. Read the rest of this entry »
(DailyMail) – No name is more ubiquitous in the pantheon of global finance than that of Goldman Sachs. At a time when world commerce and banking has been brought to a shuddering halt by greed, excess and foolishness, this investment bank provoked astonishment and disgust this week by handing out record bonuses. Read the rest of this entry »