Hello Everyone! Anyone having a keen sense of the obvious would agree that too much power in the hands of too few is a recipe for disaster. That is the current state of our banking/financial system, and more specifically, talking about the “Too big To Fail Banks” (which is counter to capitalism isn’t it?). Listen to this interview on Bloomberg with former Fed regulator Andrew Huszar, who candidly yet diplomatically describes the foundational problems of the Fed, QE, and our current banking structure. Read more
Good Morning Everyone! Today’s question…are you among those who believe that the 2010 Dodd-Frank Act has strengthened the banking and financial systems, and if so, how? Who really has benefitted from this Act…the bankers or we the people?
Well, we have an eye opening, candid, insightful and fact-based article to share with you on the effectiveness (or better put…impotence) of the 2010 Dodd-Frank Act, and the need to bring back the effective Glass-Steagall Act from former Wall Street insider and highly acclaimed author and speaker, Nomi Prins. Ms. Prins recently delivered a recorded video message to the attendees of the Schiller Institutes 30th Anniversary. Her message centers on unveiling the ineffectiveness of the Dodd-Frank Act, and the need to bring back or reconstruct a very close version of the Glass-Steagall Act in order to preserve the banking system FOR THE PEOPLE….NOT THE BANKS! Read more
Hello Everyone! As you know, we aim to bring insightful news, practical information, and reliable sources that can help you personally and professionally. Most of the information we bring to your attention is not readily available on mainstream media for a variety of reasons (which we’ve covered in prior postings). As informed readers, we know that the state of the economy is NOT as it is commonly reported to be on mainstream media. Read more