big banks

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Precious Metals Déjà Vu For Morgan Stanley?

In 2007, Morgan Stanley paid $4.4 million after being accused by its own clients of only pretending to purchase bullion on their behalf, and then charging them “storage fees” on this imaginary bullion – a blatant act of fraud (as alleged). However, in 2012 while Morgan Stanley is once again charging its clients “storage fees” for the bullion they think they are buying for themselves, it is no longer even pretending to store any bullion on their behalf.

11Apr2012 | | 0 comments | Continued
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Destruction of Spain’s Economy Duplicates Greece

How does a third party placing bets on whether someone’s home would burn down provide any “insurance” to the owner of the home? The answer of course is that it doesn’t. What it did do, however, was to create a $60 trillion motive for “arson”.

4Apr2012 | | 5 comments | Continued
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Credit Default Swap Fraud Exposed/Confirmed

Allowing bets to be placed (more than $60 trillion in total), and then allowing the banksters taking the bets to define when they lose, after all the bets have been placed, is not even a subtle scam. It is a clumsy fraud perpetrated by a group of Oligarchs who yet again have demonstrated their complete contempt for an apparently antiquated doctrine known as the Rule of Law.

5Mar2012 | | 3 comments | Continued
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The Gambler Economy

With the fruits of our labours preserved via the integrity of a gold standard, and with ordinary people not being brainwashed into incurring vast amounts of debt, the average citizen of a century ago was largely immune to the scams of the bankers. Not so today.

28Feb2012 | | 0 comments | Continued
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Exposing Silver Mythology, Part III

one cannot say the words “negative drivel” in connection with precious metals without immediately thinking of Kitco’s Jon Nadler – the man who has gone through a 10+ year bull market for gold without ever once stating that today was a good day to buy it. Apparently his banker biases simply run too deep.

26Feb2012 | | 0 comments | Continued
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The $15 TRILLION Money-Laundering Mystery

By process of simple deduction it was totally obvious that a gigantic, money-laundering operation was being conducted, with the primary goal being to prop-up the totally fraudulent U.S. Treasuries market. All that was missing was a paper-trail to prove this fraud, and now Lord James of Blackheath has been kind enough to provide this.

24Feb2012 | | 5 comments | Continued
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Proof of U.S. Greater Depression

The statistical charlatans at work for the U.S. government can pretend there is positive GDP growth. They can pretend there is positive jobs growth. But they cannot pretend to consume energy.

19Feb2012 | | 1 comment | Continued
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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 | | 3 comments | Continued