Category Archives: Federal Reserve
THE WAY THINGS REALLY WORK: SWAPS AND SYRIA
A couple of interesting stories read over the weekend about how–not to beat a dead horse (because this horse is very much alive)–everything is rigged, from the “economy” to war. First a great one from Ellen Brown regarding interest-rate swaps, … Continue reading
WAKE UP: “ENTIRE STATUS QUO IS RIGGED”
Charles Hugh Smith gets it exactly right in this excerpt below. The emperor is naked, and you can see it with your own eyes, if only you will open them and wake up! Smith’s commentary: The stock market is only … Continue reading
BANK SAYS: IF YOU BELIEVE BANKS LEND DEPOSITS, YOU ARE WRONG
This is NOT an April Fool’s prank. Indeed, the Bank of England wants you to understand that when it comes to money creation, everything you “know” is wrong (cross-posted at The Air Standard)… In its recent press release, the BoE … Continue reading
BILL BUTLER: FORECLOSURE FRAUD AND SECURITIZATION IN A (VERY PRECISE) NUTSHELL
Some great articles by Bill Butler at Liberty Law, who knows a thing or two about securitization and foreclosure fraud, as he won one of the first (if not the first) lawsuits over securitization in 1996. Butler has been railroaded … Continue reading
BANKS UPSET NO ONE WANTS TO SIGN A MORTGAGE WITH THEM…
…and with good reason. You can’t trust these banks! Everybody know this by now. Bank of America is concerned that mortgage applications are down: “Bank of America Merrill Lynch (BAC) analysts just emailed a research note reminding clients they feel … Continue reading
WHY DOES EVERYTHING COST SO MUCH? SCHIFF EXPLAINS
The simple answer is, of course, inflation. The powers that be are trying to convince us that inflation is a good thing, a healthy thing, as Peter Schiff notes here: “It is no accident that the concept of ‘inflation’ has … Continue reading
WAR IS A RACKET TO PROP UP DOLLAR–END OF STORY
War is a racket. Money is fictional. These two statements explain all wars, of course, but particularly the adventures of the western powers in the Middle East in the last 2+ decades. The first statement was spoken by Maj. Gen. … Continue reading
TAX TIME: PAY UP SO WE CAN CONTINUE TO TRAMPLE YOUR RIGHTS
It’s tax season! “Working for no one but me,” indeed… In the spirit of the season, Naked Capitalism has an interesting post today, titled “Whistleblower Reveals Favoritism Toward the Rich, Robo-Signing at the IRS.” Here’s an interesting excerpt regarding the … Continue reading
BANKS DO NOT LEND MONEY: ROSENBERG EDITION
ABSTRACT: I get tired of reading about how banks lend money and take all these risks and are therefore entitled to “repayment.” National discourse on the fact that banks do not lend their or their depositors’ money needs to begin … Continue reading
FANNIE DOESN’T OWN $#!+–COURTS DON’T CARE
In a great article headlined “Foreclosure Is Financial Terrorism, Is it also Treason? (Just Who Are We Giving Homes Of Americans to After All?)”, Matt Weidner weighs in on the fact that Fannie Mae admits it doesn’t own the notes … Continue reading