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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
The Way To Grow Poor vs. The Way To Grow Rich
Tag Archives: White Shoe Boys
Jim Rickards: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke
“‘At this stage of a recovery normalized interest rates should be around 2-3%,’ says Rickards. ‘Apply that 2-3%…to the entire multi-trillion-dollar deposit base of the United States of America and that’s a $400-billion per year wealth transfer from savers to bankers so they can pay themselves bigger bonuses or make crazy bets.’ Over time, Rickards says, that wealth transfer could reach $1 trillion. Rickards says zero interest rates are just one way the Fed is fleecing depositors. Others include increasing inflation, which Bernanke is trying to do, and taxing deposits like Cyprus is pushing for.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Florida investment adviser charged with selling $8 million of fake Facebook shares
“A Florida investment adviser was charged Tuesday with selling $8 million of fake Facebook shares ahead of the social network’s highly anticipated public offering, officials said. The Justice Department said Craig Berkman, 71, was arrested on two separate securities fraud schemes involving Facebook shares. Berkman received a total of at least $8 million from these schemes, most of which he ‘misappropriated for his own benefit,’ a Justice Department statement said. Investors discovered the fraud when they tried to redeem their shares in 2012, officials said.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Playhouse Presents “The Man”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
JPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses
“Washington dealt a double blow Thursday to JPMorgan Chase as a Senate report accused its iconic chief executive of hiding information about a massive loss from regulators while the Federal Reserve unexpectedly said it had found a ‘weakness’ in the bank’s capital plans. The report takes the bank to task for hiding losses for three months last year, overstating the value of its trading positions and ignoring red flags. When regulators grew concerned, JPMorgan withheld information about the nature of the portfolio, Senate investigators say.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Conspiracy Theories vs. the Religion of Democracy
“The proponents of any conspiracy view of historical events are pariahs in academia. That is because these theories get close to the truth, namely, that mass democracy has not prevented special-interest messianic groups from seeking political power and wealth as ways to re-shape mankind. These groups exercise power behind many thrones. They are not pro-democracy. They are not pro-free market. They are men in search of ways to achieve what they want: a new humanity. They will use money and politics to attain this goal. The best way to overcome a conspiracy is to take away its leverage: political power in defense of the existing distribution of wealth.”
http://www.garynorth.com/public/10771.cfm
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
What to Keep in Mind about the Tax on Cyprus Bank Deposits
“Those who lent money to Cyprus’s banks by buying their debt rather than by depositing money at the banks, will suffer no losses at all. Those who lent money to the insolvent Cypriot government, will be paid off at 100 cents on the euro. In other words, the banksters are protected. Only depositors with banks will suffer losses in this International Monetary Fund engineered plan. It’s as blatant example of who the IMF really works for. This is not the liquidation of a bad system. It is an attempt to protect the crony system and the banksters who are part of it. It is a tax on the ‘little people’ who keep their funds in the form of deposits, rather than bonds.”
http://www.economicpolicyjournal.com/2013/03/what-to-keep-in-mind-about-tax-on.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Libor Scandal to Reveal Metals Manipulation?
“Gold is being sucked directly into the Libor scandal. Of course, we are on record as pointing out that it can hardly be much of a scandal when central banks set the price and volume of money every day. But nonetheless, the mainstream press has been buzzing about the idea that commercial banks were setting LIBOR rates in ways that accommodated their business practices. It is ultimately all about control. Gold and silver prices are apparently not subject to open marketplace competition for a reason. And now the Libor scandal threatens to unearth the seamy side of metals manipulation from the standpoint of the world’s biggest banks.”
http://www.thedailybell.com/28830/Libor-Scandal-to-Reveal-Metals-Manipulation
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Not Your Father’s Stock Market Anymore
“Unfortunately, we live in a world where the majority of investors are granting far too much credit to the market data they are being fed. They are making decisions based on faulty premises. They often do not even understand the basics of monetary expansion and how that affects purchasing power. The most important issue, however, is that the powerful artificial forces affecting stock markets cannot hold free-market adjustments at bay forever. That is why it is important to select stocks based not just on ‘mainstream’ indicators of performance and industry leadership but also on the business cycle, apparent monetary stimulation and other outside forces.”
http://www.thedailybell.com/28831/Edward-Karr-Not-Your-Fathers-Stock-Market-Anymore
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Treasury chief Jacob Lew not worried about financial bubble
“US Treasury Secretary Jacob Lew said Thursday that he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs. ‘The analysis that I’ve seen doesn’t give me reason to be worried right now,’ Lew said in an interview on US business news channel CNBC. Lew nevertheless called for monitoring of the situation in order to avoid another crisis like the 2008 Wall Street crash that led to the Great Recession. The blue-chip Dow Jones Industrial Average on Thursday closed at a record high for the eighth day in a row, though the US economy remains sluggish and massive government spending cuts kicked in on March 1.”
http://www.rawstory.com/rs/2013/03/14/treasury-chief-jacob-lew-not-worried-about-financial-bubble/
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin