Debunking Money and Renaissance 2.0 are full length lectures on money and power and what is really behind our economic systems
Economy
Gold Wars – Kelley Mitchell
The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title – anonymous
Our money system guarantees that inequality will get worse – Here is the evidence
The gap between the very richest and the rest of us has increased continuously over the last thirty years. Did you know that top 10% of population earns on average 6 times more than the bottom 90%?
Many factors contribute to this growing gap, but one of the most significant is least understood: the role of money creation by banks.
The Speculative Endgame: The Government “Shutdown” and “Debt Default”, A Multibillion Bonanza for Wall Street
A wave of speculative activity is sweeping major markets.
The uncertainty regarding the shutdown and “debt default” constitutes a golden opportunity for “institutional speculators”. Those who have reliable “inside information” regarding the complex outcome of the legislative process are slated to make billions of dollars in windfall gains.
Who Owns The Federal Reserve?
If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. Among other benefits to the taxpayers. a truly “federal” Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades.
Justice Department Lies About JP Morgan Settlement
The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fuelled the financial crisis of 2008.
The reported $13 billion amount is a misrepresentation of the actual figure by the Justice Department and has “nothing to do with mortgage-backed securities,” said former financial regulator Bill Black.
Repo, Baby, Repo: How Unregulated Banking Triggered the Crash of ’08
“Repo has a flaw: It is vulnerable to panic, that is, ‘depositors’ may ‘withdraw’ their money at any time, forcing the system into massive de-leveraging We saw this over and over again with demand deposits in all of U.S. history prior to deposit insurance. This problem has not been addressed by the Dodd-Frank legislation. So, it could happen again.”
JP Morgan Shareholders: I told You RMBS Settlements Would be Mega Billions
JP Morgan doesn’t want to make this settlement; especially if they have to admit guilt or wrong doing because that could cement more civil fraud settlements by all the investors who bought the bank’s RMBS. According to JPM’s quarterly filings, those investors equal at least $160 billion of private rmbs litigation these days. And while JPM is a very profitable bank ($2.4 trillion in assets) making money hand over fist it doesn’t have enough cash to payoff all those private rmbs suits at the dollar amount they could likely legally win if they ever went to trial.
Justice and Financial Fraud: The Blanket Settlement with JPMorgan: A $13 Billion Cover-up
the financial elite is above the law. It, like the aristocracies of old, is immune from the laws that apply to the lower orders. In America, people are routinely sentenced to long prison terms for petty crimes that involve hundreds of dollars. The speculators and swindlers who steal millions and billions, however, do so with impunity. They control the government and both political parties.
U.K. Expected to Name Alleged Co-Conspirators in Libor Scandal
British fraud prosecutors next week are expected to publicly name roughly two dozen traders and brokers who they believe were involved in a scheme to manipulate benchmark interest rates, according to people familiar with the plans.
Troika Dictates: ‘Austerity worst is yet to come’
Ireland’s set to leave its international bailout program – says the country’s Prime Minister. The 85-billion-euro emergency aid came after the banks collapsed in 2010, it meant tax rises and spending cuts to qualify for it. But even when relieved of the bailout burden, there are still years of punishing austerity ahead for Ireland.
People of Ireland begin Criminal Proceedings against Banks
While politician and banker salaries and pensions are protected and golden handshakes are the order of the day for retiring civil servants and financial regulators, extra taxes, cutbacks in services and attending the funerals of family members and friends who could no longer cope with the stress and strain is now common place for many Irish people.
Recent
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Iran: A Warning to Washington
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Iran: War Updates and False Flags
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