banks


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Robert Reich: A revolt is taking place against the “ruling class” (He’s right on this, Wrong on most everything else)

By Nick Sorrentino Against Crony Capitalism August 5, 2015   Robert Reich: A revolt is taking place against the “ruling class” (He’s right on this, Wrong on most everything else)     Mr Reich generally needs to be taken with a grain of salt. He has been, and as far as I know, continues to […]


Global Derivatives: $1.5 Quadrillion Time Bomb 1

By Stephen Lendman Global Research July 27, 2015   Global Derivatives: $1.5 Quadrillion Time Bomb   When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.  Along with credit default swaps and other exotic instruments, […]

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Goldman Sachs should have died in 2008, Now its CEO, Lloyd Blankfein is a billionaire, Thanks taxpayers…Suckers!!!

By Nick Sorrentino Against Crony Capitalism July 18, 2015   Goldman Sachs should have died in 2008, Now its CEO, Lloyd Blankfein is a billionaire, Thanks taxpayers…Suckers!!!     There is some debate around here as to the world’s most crony company. There are many candidates but consistently in the top 5 or so is […]


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Are fascists socialists? Are socialists fascists?

By Nick Sorrentino Against Crony Capitalism July 13, 2015   Are fascists socialists? Are socialists fascists?     Fascism and (Marxist) socialism are sisters. Close sisters. Both are fundamentally about controlling the economy in a quest for a greater “good.” They have important differences which are more than stylistic differences. But both are fundamentally opposed […]


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In a World of Volatility and Artificial Liquidity for Banks, Update your Cash Strategy

By Nomi Prins NomiPrins.com July 7, 2015   In a World of Volatility and Artificial Liquidity for Banks, Update your Cash Strategy   (This piece originally appeared at Peak Prosperity.) Global central banks are afraid. Before Greece stood up to the Troika, they were merely worried. Now it’s clear that no matter what they tell […]