January 23, 1995 and Harry Reid is all about an Audit of the Federal Reserve. And he eloquently articulates all the reasons it should be done. Too bad he, and most members of Congress and the Senate, #flipflop all the damn time.
Thursday, July 21, 2011 The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the…
A new documentary filmed by local Bay Area residents explains it all. This can’t last.
This has got to be the biggest, most glaring sign of a real estate bubble I have ever seen in my entire life (and I was around for the 2004-2008 housing bubble).
Yes folks, step right up and get your 700 sq ft home in Redwood City, California, heart of the #SiliconValley, for just $649,000! The American Dream! 1 bedroom, 1 bath for just $3154 per month on a mortgage with super low interest rates if you put down 20%.
AWESOME! I feel so privileged to be in this AMAZING job market, this AMAZING country! Only in America!
If you pay the mortgage back according to the standard 30 year schedule, in April 2045 you will have paid $1,135,721 for a tiny little fucking shack. BRILLIANT!
My question is, who would pay this kind of money for a little shack? Who has the intellectual capacity to make enough money to afford the place and yet choose to “invest” in a tiny shack?
See all the glorious details of this wonderful home here.
“On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.
The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged.” Finish the article here.
Knowing the White House and Congress are surrounded by Council on Foreign Relations and the Israeli lobby and they are both intricately interwoven with the banksters in the too big to fail banks and the Federal Reserve, it appears their plan is to go after OUR DEPOSITS and PENSIONS. This is why the article is entitled “The Global Bankers’ Coup”. It is a financial act of terrorism.
There are all kinds of alternatives to another bailout. Let the too big to fail banks and their ponzi scheme Federal Reserve lending apparatus FAIL!