Category Archives: Financial

Pam Martens & Russ Martens ~ New York Fed’s Conference Evokes Thoughts of Violence Against Wall Street

Occupy Wall Street Protesters Outside the New York Fed, September 17, 2012

Occupy Wall Street Protesters Outside the New York Fed, September 17, 2012

What the New York Fed attempted to pull off this past Monday with its full-day conference for the execs of wayward Wall Street banks was a public relations stunt to switch the national debate from its culture to Wall Street’s culture. Styled as a “Workshop on Reforming Culture and Behavior in the Financial Services Industry,” the event came less than a month after ProPublica and public radio’s “This American Life” released internal tape recordings made by a former New York Fed bank examiner, Carmen Segarra, revealing a regulator with no bark or bite.

ProPublica’s Jake Bernstein wrote that the tapes and a confidential report by an outside consultant demonstrated the New York Fed’s “history of deference to banks.”

But there is far more to this story. Wall Street banking executives, who elect two-thirds of the Board of Directors of the New York Fed and have frequently served on its Board, have structured the institution to be its sycophant. Consider the fact that Jamie Dimon, CEO of JPMorgan Chase, sat on the Board of the New York Fed from 2007 through 2012 as the regulator failed to follow through on three separate staff recommendations that JPMorgan’s Chief Investment Office undergo a thorough investigation, as reported this week by the Federal Reserve System’s Inspector General. Continue reading

Abby Martin Interviews James Corbett ~ The Federal Reserve [Video]

James Corbett appears on “Breaking The Set” with Abby Martin to discuss his documentary film, “Century of Enslavement: The History of the Federal Reserve.” James and Abby discuss what the Federal Reserve is, why it must be opposed, and how best to end the current system of debt servitude.

View documentary Century of Enslavement

TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalr…

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America’s central bank.

SF Source corbettreport  Oct 23 2014

John Crudele ~ Plunge Protection Behind Market’s Sudden Recovery

“Here’s the bottom line: Someone tried to rescue the market last Wednesday. And it’s becoming a regular occurrence.” – J Crudele

NYStockExchangeMysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.

They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.

It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.

Welcome to a new kind of stock market — one that the average investor should refuse to be invested in.

Anyone whose investments tightly track the major indices is now losing money since the beginning of 2014. The Dow is down 1.1 percent on the year, with the S&P and Nasdaq up 3 percent for 2014.

Just for the record, I’ve been telling you for years that the stock market was in a bubble and that you should enjoy it while it lasts because bubbles always pop. Continue reading

X22 Report ~ Episode 500 – Oct 23 2014 [Audio]

Canada’s False Flag Event Used For Different Agendas

  • Bank of Italy sees a decline in GDP.
  • France’s private sector output declines.
  • U.S. manufacturing tumbles.
  • Russia has de-dollarized 18% of the rouble.
  • China taking advantage of low oil prices, buying as much as they can.
  • Judicial watch confirms Obama orchestrated the illegals coming over the border.
  • Drug makers want indemnity for the new Ebola vaccine.
  • France moving troops to Libya. U.S. taking an airport in Iraq to create a military base.
  • U.S. getting ready to bring in special forces into Syria under the guise of the FSA only being trained for defensive purposes.
  • Canada’s false flag event was used for many agendas to get the war started in Syria.
  • FBI warning that ISIS is about to attack. Be prepared for another false flag.

All source links to the report can be found on the x22report.com site.

SF Source X22Report

Busted: Federal Reserve Investigation: 46 Hours Of Secret Recordings Exposes Federal Reserve [Audio]

CarmenSegarraThis 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

Pam Martens & Russ Martens ~ Janet Yellen: Average Net Worth Of 62 Million U.S. Households Is $11,000

“Until Fed Chair Yellen is prepared to do more than give lip service to income and wealth inequality, her command over monetary policy will be sorely challenged.” – P Martens & R Martens

JanetYellen2It took 200 years of hard data in a bestselling book by Thomas Piketty, awesome graphs and charts in Robert Reich’s documentary, “Inequality for All,” and years of scolding from Wall Street on Parade, but Fed Chair Janet Yellen has finally, and correctly, arrived at the idea that the nation’s economic ills are deeply rooted in the fact that U.S. “income and wealth inequality are near their highest levels in the past hundred years.” That was the message Yellen delivered on Friday in a speech at the Federal Reserve Bank of Boston, replete with stomach-churning figures from the Fed.

Make no mistake about it, coming at the end of a week that saw dramatic up and down spikes in the stock market – Yellen was sending a pivotal message to the Wall Street wealth hoarders – your billionaire standing could be as ephemeral as a day lily if we don’t fix this income and wealth gap.

Yellen quieted the crowd with this opener: “The past several decades have seen the most sustained rise in inequality since the 19th century after more than 40 years of narrowing inequality following the Great Depression.” Using data from the Fed’s Survey of Consumer Finances, Yellen punctuated her message with these hair-raising figures: Continue reading

Greg Hunter Interviews Paul Craig Roberts ~ Dollar Is The Weak Spot For US [Video]

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