Category Archives: Financial

Michael Snyder ~ The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

“Most people seem to assume that if we could just send the “right politicians” to Washington D.C. that we could get our economy back on the right track. What those people do not understand is that our system is fundamentally broken.  We are trapped in a perpetual debt spiral that is destined to end in a horrifying collapse.” – M Snyder

 

FedRes_BewareTheBanksters

From the dawn of history, elites have always attempted to enslave humanity.  Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate.  If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense.  You become a “human resource” that is being exploited to serve the interests of others.  Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever.  It is called debt, and virtually every major decision of our lives involves more of it.

For example, at the very beginning of our adult lives we are pushed to go to college, and Americans have piled up more than 1.2 trillion dollars of student loan debt at this point.  When we buy homes, most Americans get mortgages that they can barely afford, and when we buy vehicles most Americans now stretch their loans out over five or six years.  When we get married, that often means even more debt.  And of course no society on Earth has ever piled up more credit card debt than we have.  Almost all of us are in bondage to debt at this point, and as we slowly pay off that debt over the years we will greatly enrich the elitists that tricked us into going into so much debt in the first place.  At the apex of this debt enslavement system is the Federal Reserve.  As you will see below, it is an institution that is designed to produce as much debt as possible. Continue reading

Pam Martens & Russ Martens ~ U.S. Senate Tries Public Shaming Of New York Fed President Dudley

“Warren had the last word in the hearing, summing up the findings as further proof of “the reason that we need a 21st Century Glass-Steagall Law.”” – P Martens & R Martens

Senator Sherrod Brown Questions the New York Fed President During Senate Hearing

Senator Sherrod Brown Questions the New York Fed President During Senate Hearing

Last Friday, the Senate Subcommittee on Financial Institutions and Consumer Protection, chaired by Sherrod Brown, effectively put William Dudley, President of the Federal Reserve Bank of New York, in stocks in the village square and engaged in a rather brilliant style of public shaming. With each well-formed question posed by the panel, Dudley’s jaded leadership of a hubristic regulator came into ever sharper focus.

There were a number of elephants in the room during the lengthy session that were only briefly touched upon but deserve greater scrutiny by the press. First, Congress knew that the New York Fed was a failed, crony regulator during the lead up to the financial collapse in 2008, but it granted it an even greater supervisory role under the Dodd-Frank financial reform legislation in 2010. This Congress has also failed to engage in public shaming of President Obama for brazenly ignoring the Dodd-Frank’s statutory mandate that calls for him to appoint, subject to Senate confirmation, a Vice Chairman for Supervision at the Federal Reserve Board of Governors, who could have shaped and monitored a more credible policing role for the New York Fed.

Section 1108 of Dodd-Frank requires: “The Vice Chairman for Supervision shall develop policy recommendations for the Board regarding supervision and regulation of depository institution holding companies and other financial firms supervised by the Board, and shall oversee the supervision and regulation of such firms.” President Obama was required to nominate this individual once the Dodd-Frank Wall Street Reform and Consumer Protection Act became effective; that was July 21, 2010 – more than four years ago. The President has simply ignored this provision of the law – no doubt to the extreme satisfaction of Wall Street.

The final elephant is that as a result of giving a failed regulator enhanced power and failing to appoint a person to a leadership role in supervision, the U.S. Senate has effectively become Wall Street’s cop on the beat, doing the job the New York Fed’s cronyism prevents it from doing.

The last point was buttressed by the fact that simultaneous with this hearing, Senator Carl Levin’s Permanent Subcommittee on Investigations was holding its second day of hearings on how Wall Street, under the nose of the New York Fed, has massively and secretly gobbled up a huge swath of the nation’s physical commodities, like oil and aluminum, creating cost spikes for the consumer and industrial users while also placing huge trading bets on commodity prices. Continue reading

Paul Craig Roberts ~ Swiss Gold Referendum: What It Really Means

“. . . the monetary policy of the Western world is directed toward supporting the wealth of the rich and worsening the inequality in the distribution of income and wealth.” – P C Roberts

PaulCraigRobertsIn a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. http://snbchf.com/gold/swiss-gold-referendum-latest-news/ These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank.

First, let’s examine the reasons for these class-based poll results. The view in Switzerland is that a gold backed Swiss franc would be more valuable, and a more valuable franc would increase the purchasing power of wage earners, thus reducing their living costs. For the wealthy stock owners, a stronger franc would reduce Swiss exports, and less exports would reduce stock prices and the wealth of the wealthy.

The vote is clearly a vote about income shares between the rich and the poor. The Swiss establishment opposes the gold-backed franc, as does Washington.

A few years ago the Swiss government, after experiencing a strong rise in the exchange value of the Swiss franc as a result of dollar and euro inflows seeking safety in the Swiss franc, decided to expand the Swiss money supply in line with the foreign currency inflows in order to stop the rise of the franc. The liquidity supplied by the central bank creating new francs has stopped the rise of the franc and supports exports and stock prices. As a vote in favor of a gold backed franc is not in the interest of the elite, it is unclear that the vote will be honest. Continue reading

Annie Davis ~ Accounting Tricks And Tips

Accounting is a popular career choice, due to being in such high demand and entailing excellent financial prospects. It offers tremendous job stability, employing over 1,275,000 people nationwide. With a median income of $63,550 per year, and a projected growth rate of 13 percent over the next decade, it’s obvious why so many people turn to accounting as a lifelong profession. Accounting offers not only a stable job, but also the opportunity to grow and advance within the industry. By implementing a few basic tools into your daily job performance, you can increase your likelihood of getting a raise or promotion.

Pursue Higher Education

Education is pivotal in today’s workforce. If you seek to move up in your current job, you must first ensure you have the necessary credentials to warrant greater responsibility. If you’ve only earned your bachelor’s, consider pursuing a master’s. Possessing a master’s in accounting is essential if you hope to substantiate your qualifications and rise in the field.

Go Above and Beyond

AccountingCalculator

Image via Flickr by kenteegardin

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Greg Hunter Interviews Gregory Mannarino ~ Central Banks Absolutely Desperate-Dollar Terminal [Video]

Financial analyst Gregory Mannarino contends all the market rigging that has been reported in markets such as Forex, LIBOR, stocks and commodities is a way to prop up a system doomed to implode.  Mannarino says, “It’s clear to me what the central banks are doing means they are absolutely desperate right now.

That also means that we are very, very close to a major event here.  I don’t believe we’ve seen the actual end here because the central banks . . . are going to do things we can’t even conceive yet.  They are going to pull surprises that are going to shock people, and one of them is what Obama just did with regard to the immigration reform.  This is a dollar propping up mechanism.  That’s all it is.”  Continue reading

Peter Schiff ~ Gold Will Take A Rocketship Higher [Audio]

“You have the choice between owning fiat currency and owning real gold. And I think right now the only thing that’s keeping gold from going ballistic is the false belief that the FED is the lone holdout in this race to the bottom, that the FED is out of the QE business and is going to be raising rates, and when people find out that is wrong and when they find out that we’re going to do more QE than Japan and Europe combined, they’ll realize they’ve jumped out of the frying pan and into the fire.” – Peter Schiff


SF Source SGTreport.com  Nov 23 2014

Simon Black ~ Here’s The Most Bizarre Currency You’ve Probably Never Heard About.

RevolutionaryWarSantiago, Chile ~  John Lynn was bound and gagged, as the angry mob tied him to a tree and poured a barrel of scalding hot tar over his freshly shaven head and coated him in feathers.

It was June 1794 and the crowd was absolutely frantic. They were taking justice into their own hands.

Lynn’s crime, in their eyes, was having extended lodging to a federal tax collector, who’d come down to enforce a recently imposed excise tax on whiskey.

The brand new US government was deeply in debt and starved of revenue sources to pay back their bondholders. So they did what all governments do in that position: they created a new tax.

They targeted whiskey simply because it was far and away the most popular drink in America.

It was so popular that it was even used as a medium of exchange and a store of value.

You could pass a bottle of the stuff to somebody as a payment for debt owed, and farmers would often turn their excess crop into whiskey as a way to store value for the future.

Whiskey is what people had, what people used, and what people wanted. Therefore it was whiskey that was taxed. Continue reading

Dean Henderson ~ The Federal Reserve Cartel

Part 1: The Eight Families

cartoon_fedresThe Four Horsemen of Banking,

  • Bank of America
  • JP Morgan Chase
  • Citigroup
  • Wells Fargo,

…own the Four Horsemen of Oil,

  • Exxon Mobil
  • Royal Dutch/Shell
  • BP
  • Chevron Texaco,

..in tandem with,

  • Deutsche Bank
  • BNP (Banque Nationale de Paris)
  • Barclays
  • other European old money behemoths

But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America.

A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Continue reading

Charles Hugh Smith ~ Have Central Banks Entered An Undeclared War?

“The monetary tectonic plates are shifting, and predicting the next global financial earthquake is relatively easy.” – C H Smith

CharlesHughSmithI recently suggested that the devaluation of the yen was Japan’s Monetary Pearl Harbor: a direct attack on the currencies of its major trading partners: the euro (European Union), the won (South Korea), the Australian dollar (AUD) and the U.S. dollar (USD), which affects both the U.S. and China since China’s currency, the renminbi, is pegged to the USD.

Though there have been no overt (that is to say, public) counter-attacks, this may not reflect monetary peace so much as an undeclared war. Correspondent Mark G. observed that the current geopolitical backdrop is considerably more unsettled than the relatively benign global chessboard in 2008:

“The Eurozone and the Pacific Rim now have a pair of regional wars being fought out primarily by financial and monetary means. We can infer that the major central banks won’t be anywhere near as cooperative during a crisis as they were in 2008.”

While the American-European financial sanctions against Russia and Russia’s counter-moves are being waged in public, the public response of the Korean and Chinese central banks to Japan’s massive devaluation has been limited to grumbling.

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