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
Hello Everyone! The question we have for all of you today is…does the Fed manipulate the price of Gold? Well according to Dr. Paul Craig Roberts, yes they do manipulate the price of gold and he explains how they do it in today’s article posted on his blog, the Institute For Political Economy. For those of you who have never heard of Dr. Roberts, he is an authority on how the U.S. Treasury, the Federal Reserve Bank, and the overall banking & financial systems operate (he was the Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.). And that’s just a brief introduction to Dr. Roberts background… 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
According to former Reagan administrations Undersecretary of the U.S. Treasury, Dr. Paul Craig Roberts, that is precisely what he is saying. While Wall Street and soon to be former Federal Reserve Chairman, Ben Bernanke tend to poo-poo anything having to do with gold and any person inquiring about gold and its real values in the marketplace, Dr. Roberts paints a far different picture of the reality of U.S. gold reserves, and the significance this will play in both our economy and the future value of the U.S. Dollar. We’ve addressed this before in an earlier posting, however we wanted our readers to clearly understand information that is not widely reported on, understood, and sadly not taken seriously by even some of the more educated and experienced public. Read more