big banks

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The Foreclosure Fraud Fantasy

A deal does not fix the housing market; it only makes things worse by permanently entrenching all this systemic fraud into the U.S. legal system. It throws away the states’ right to compensation at a time when they still don’t have the slightest idea of the total extent of Wall Street fraud.

9Feb2012 | | 3 comments | Continued
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Deadbeats ‘Bailing Out’ Deadbeats

Surely even the media drones and market “experts” can understand the concept that one deadbeat with no money cannot (financially) bail out another deadbeat with no money?

7Feb2012 | | 5 comments | Continued
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The ‘Perils’ of a Gold Standard?

A gold standard does not “cause” depressions (governments do). However, at the same time, a gold standard is also not a magical, economic panacea. Specifically, imposing the fiscal discipline inherent in a gold standard will not lead to a good economic outcome in the hands of a corrupt government (i.e. one which governs for the benefit of the privileged few as opposed to the majority).

19Jan2012 | | 0 comments | Continued
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The Fed’s Sleazy Idea Of “Transparency”

Don’t believe the propaganda — whenever the Fed offers “more transparency”, they are only looking to twist the knife in Main Street’s back further. Their latest announcement about publishing “interest rate projections” is no different…

6Jan2012 | | 6 comments | Continued
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How The Bankers Drive Up Bullion Prices, Part I

We have a sector of companies generating record profits, huddled within entire economies which will soon be in a state of total collapse. This is to be followed by what we can conservatively expect to be a 1000% increase in total investment, by a throng of investors being simultaneously driven by extreme fear and extreme greed.

19Dec2011 | | 0 comments | Continued
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The Land of Anti-Gold Propaganda

“Getting all governments to devalue their currencies simultaneously is the most effective means to hide the total destruction of our currencies from the near-comatose sheep. Returning to the analogy of two people jumping off a tall building, to each other neither appears to be moving – or at the very least it drastically reduces their perception of the speed at which both are falling.”

14Dec2011 | | 0 comments | Continued
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Corzine, Condensed (‘Implode’s “Instant Counter-Spin”)

“though his mouth moved, he didn’t say much.” — our reaction to Corzine’s dissemblements in his Congressional testimony of today.

8Dec2011 | | 2 comments | Continued
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Don’t Blame The Millionaires

There is no reason for the media to be blaming “millionaires” for wealth inequality. Yes, they too have benefited from the lowest tax rates in history for those on top. However, there is a huge conceptual difference between the millionaires (or even billionaires) and the trillionaires.

5Dec2011 | | 5 comments | Continued
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The Battle of the Euro Bond

With only the weak-willed Angela Merkel playing the role of “Frodo” against the “Dark Lords” of Wall Street, the situation could hardly be more dire – or hopeless.

30Nov2011 | | 2 comments | Continued
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Gold, Orange Juice, and ‘Tang’

Just as savvy beverage-drinkers will inevitably shun excessively diluted Tang, eventually our deluded masses will figure out the bankers’ paper scam — and react accordingly. There is a very precise name for this economic phenomenon: hyperinflation, where paper fiat currencies go to zero.

24Nov2011 | | 0 comments | Continued
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