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 […]
Virgin Bitcoin vs Old Hag Pound (E443, ft. Frankie Boyle) In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the currency of an independent Scotland. Max argues that bitcoin will force the banking system to reinvent itself or die, for what can be more of an invisible hand but a cryptologically guarded, invisible currency. In the […]
By Valentin Katasonov The Basel Committee on Banking Supervision (hereinafter – the Committee) is closely associated with supranational organisations like the Bank for International Settlements in Basel (BIS), which is often called the «club», the «headquarters» of central banks or the «Central Bank of Last Resort». The Committee’s office is situated in the BIS building. At the end of 1974, […]
1 in 4 UK kids to live in poverty by 2020 – report Nearly one-quarter of British children will be living in poverty by the year 2020, a new report has predicted. PM David Cameron pledged that child poverty would be gone by this time, yet some of the government’s policies seem to exacerbate the crisis. Research by the Institute […]
The last big thing was green tech – from wave-power generators to the smart grid. It was hyped in the bipartisan stimulus bill, promising gobs of jobs, billions in revenues, and untold riches through the eventual market capitalization of these outfits. Private investors plowed in billions too. It ended up in a massive pileup of capital destruction. Fatalities were everywhere […]
Financial Empire may have reduced us all to debt prisoners, but we can still become the social protagonists of history’s greatest-ever prison break by Jerome Roos Let there be no doubt about it: we live in the era of Financial Empire. Unlike the military conquests that drove the territorial expansions of the empires of old, contemporary Financial Empire consists not […]
Most people fail to understand basic mathematical concepts such as exponents and ratios as they apply to everyday life. We usually “get it” when it comes to the mathematical facts that are taught in school (if we passed through basic Algebra) but nobody in our government schools ever teaches how these functions apply to the real world by Karl Denninger […]
We live in an age of epithets, apartheid, racism, ethnic cleansing, discrimination, bigotry and hatred. Unlike previous times of hate, the boundaries are instituted via interest rate policies (not actual apartheid walls like Israel built recently) by Max Keiser If you live on one side of the interest rate apartheid wall, your cost of capital is zero, and in some […]
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, […]
Another Argument for Publicly-Owned Banks by Ellen Brown [W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” —Eric Sprott, Shree Kargutkar, “Caveat Depositor” The crossing of the Rubicon into the confiscation of depositor funds was not a […]
Money is normally thought of as being very complicated. Itʼs no wonder, given how it is created today. So… letʼs start with the basic question. What is money? Specifically what is “cash”? Under our current system, the foundational form of “money” is legal tender fiat currency originated by the central bank of the country, the printed version of which is […]
