Bankers & Wall St.
The Rand Corporation would have us believe that the world is a massive game of Jenga, and the supporting pieces just remove themselves from the teetering structure by magical and coincidental causality.
An investor filed a lawsuit claiming HSBC and other banks unlawfully manipulated the price of silver and its derivatives to “reap large illegitimate profits”.
President Woodrow Wilson saw a horrible danger to his country, looked it in the eye, and decided that instead of trying to decentralize and dismantle that overarching power, he would hope against hope that greater cooperation among leaders of nations would bring sanity and peace and freedom of the individual. Of course, he was wrong. Wilson knew he was entangled with those very powers that were destroying the best of what American stood for. Nevertheless, no modern President has made more revealing comments on the existence and nature of the shadow government, the real rulers of America.
WikiLeaks published a previously tightly-held and secretive draft of a trade document that, if enacted, would give the world’s financial powers an even more dominant position to control the global economy by avoiding regulations and public accountability. Known as a Trade in Services Agreement (TISA), the draft represents the negotiating positions of the U.S. and E.U. and lays out the deregulatory strategies championed by some of the world’s largest banks and investment firms.
Growing food demand for billions in the developing world combined with bankrupt developed nations and insolvent central banks spells doom for the status quo.
Central bankers manipulate the entire global economy. Anyone participating in this system really needs to understand how it’s rigged and who benefits.
Tracking data for the US Federal Reserve shows an astounding decline in the Fed’s ‘margin of safety’ over the last few years. Does a currency crisis loom?
Housing and consumer activists warn that Wall Street is about to crash the housing market — again. A housing market dominated by all-cash buyers may keep lending standards high, allowing big companies to further tighten their grip, and these companies sometimes prove to be lousy landlords.
Three former Barclays bank employees have now been charged with “conspiracy to defraud” in the continuing LIBOR scandal, bringing the total to 13 people charged in America and the U.K. It has been reported that three ex-ICAP brokers are next on the list for helping traders manipulate interest rates.
Banks say they are the pillar of the modern society – ruling the streams of money across the globe and keeping a tight grip on the world’s economy. What happens in the offices of top level management is kept secret. Even governments are afraid to get confront the enormous financial giants. But today we talk to a man who single-handedly fought the corrupt banking system, with no one behind his back: whistleblower Everett Stern is today’s guest on Sophie&Co.
