BSNEWS

Banks’ excess reserves at FED is one of the biggest scam by the FED and there is a conspiracy of silence as to its actual implications. Economists and financial analysts spewing nonsense to mislead and divert attention to non-issues so that the public is kept in the dark.

The issue of banks’ reserves at the FED and other central banks in the world is a complex subject with much technical jargons that confuses a lot of people. Besides, don’t be surprised that your bank branch manager on Main Street as well as lecturers in finance and economics are also ignorant on this issue. In the case of the latter, this subject is hardly taught in universities. And this is the reason why the scam has not been exposed till today.

That was among the responses of a spokesperson for the ratings agency Standard & Poor’s when I contacted him a few weeks ago in advance of a new Rolling Stone feature, “The Last Mystery of the Financial Crisis,” which describes the role the ratings agencies played in causing the 2008 crash. The company was genuinely miffed that anyone would impugn its honesty. In one relatively brief e-mail, the spokesperson used variables of terms like “independent,” “integrity” and “transparent,” upwards of nine times

It’s the elephant in the room. The United States is utterly bankrupt and has been living off of borrowed money since 1971, when it defaulted on its loans — though of course, it wasn’t worded like that. Not even an income tax of 100% is enough to cover the expenses, and the US is about to go the way of […]

Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE) by Paul Craig Roberts Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance […]

US Protest Movement against the Banksters by Kevin Zeese and Margaret Flowers As more people see that the government represents Wall Street and concentrated wealth, instead of them; that the government continues to give the banksters who crashed the economy a break while cutting access to basic necessities, that the government continues to put big energy profits ahead of protecting the planet – more people are […]

While GBP jumped and the world celebrated the UK’s recent avoidance (for now) of a triple-dip recession (defined on GDP as opposed to reality), the situation in the island nation appears to be going from bad to worse. As Carney takes over the reigns of this once mighty nation he faces a country deeply divided by Tyler Durden As the […]

The next Great Depression is already happening – it just hasn’t reached the United States yet by The Economic Collapse Blog Things in Europe just continue to get worse and worse, and yet most people in the United States still don’t get it.  All the time I have people ask me when the “economic collapse” is going to happen.  Well, […]