This is a unprecedented report on one of the most powerful and secretive institutions in America. The New York Federal Reserve is supposed to monitor big banks and their activity.
But what is happening was the the regulators who were supposed to be regulating the big banks, like Goldman Sachs for example, actually got captured by these institutions. Regulatory capture is when a regulator gets too cozy with the company that he’s supposed to be monitoring.
They found regulators had an unwillingness to take action and displayed extreme passivity toward the very institutions they were supposed to be regulating.
This all followed the financial crisis of 2008. There was a lot of blame heaped on the one institution that was in a position to notice the problems that led to the meltdown and to do something about them before disaster hit.
That institution is the Federal Reserve– the Fed. And in particular, its office in New York City– the Federal Reserve Bank of New York. It’s responsible for regulating the banks on Wall Street, which is to say some of the biggest banks in the world. Continue reading →
There will come a day when all Doctors will understand that vaccination is based on speculation, opinion, and grand assumptions, not real science. When that day comes, more doctors like Dr. Suzanne Humphries will speak out on the dangers of Vaccines.
She perfectly sums up the problem with vaccines in a nutshell. Dr Suzanne Humphries, a practicing nephrologist (kidney physician) says the vaccine industry isn’t giving people both sides of the story, and parents need to get informed before subjecting their children to vaccines that can potentially cause serious harm or even death.
Mr Juncker, as you present this morning your new Commission, you tell us that they’re all in the Last-Chance Saloon. Well, I’ll tell you what, I’ll come and see you there. But you’re going to have to introduce me to them, because this is pretty much a bunch of non-entities, unknown. I spoke to MEPs this morning who will be voting later, and most of them couldn’t even name half of them.
And the one from Britian is so obscure, his name, Lord Hill should be Lord Who, because the British public couldn’t pick the bloke out of a line-up and he’s never been elected to anything in his life, which means he’s perfect for the job – because I don’t think that the European public or commentators understand what the European Commission really is.
Former Treasury Secretary Dr. Paul Craig Roberts says all U.S. financial policy revolves around propping up the dollar. Dr. Roberts contends, “I’ve always said the whole system is rigged. It’s a house of cards, and the weak spot is the dollar because they cannot print foreign currencies for which to buy dollars. So, if there is a worldwide run on the dollar, they lose control then. In the meantime, they have all these things they can do to counteract the direction of the markets, and I expect them to continue doing that.”
So, if propping up the dollar is the top priority, then suppressing the gold price is a close second. Could the COMEX or LBMA simply run out of metal sold below mining cost? Dr. Roberts says, “Well, a lot of people think that, particularly people who think there is no gold left in Fort Knox or in the New York Fed. They think all that has been lent out and used up. If they’re right, then the policy they have in naked shorts in gold to drive down the price just increases the demand in Asia for more bullion. If that is true and they don’t have a way to make those deliveries, then they are producing the crisis for themselves by holding down the gold price. Whereas, if they let the price rise, it might temper the demand for gold in Asia and remove that problem.” Continue reading →