Well, all the fools who believe in climate change/global warming will be ecstatic to know that they can help the planet through the new proposal from the United Nations and World Bank. These wonderful entities are now forecasting a shortage of water in places like the Middle East by 2050. The solution will be simple: they […]

Since Jews founded Goldman Sachs, some people assume that qualifies it as a Jewish bank, which makes it evil. I think it should be pointed out that Hank Paulson, former CEO of Goldman Sachs who became Secretary of the Treasury under Bush, I believe deliberately allowed Lehman and Bear Stearns (two of the five main investment banks) […]

European banks are in a real crisis. They have been decimated by fines and trading after they tried to mimic their New York competition without the same expertise. Then they had to use euro debt of member states as reserves. Next came the rising taxes and the push to enforce taxation which has seriously harmed […]

An American law firm is planning a class action suit in Europe against the major banks involved in the currency manipulations. These banks have already paid billions in fines; now comes the lawsuits. If they stay out of New York City, they might get a real court to go after the bankers. The lawyers have […]

The banks of Hungary and Portugal are in trouble. Larger buffers are needed and the economy has not yet moved into a full crisis mode. That is yet to come.

So what is the purpose of paying taxes? It was supposed to be about protecting society, but politicians are bribed to allow the banks to do as they like with other people’s money. The whole system of insuring the people to create confidence goes out the window when those protections cost too much. It was […]

Santander and Deutsche Bank have failed a US “stress test” designed to assess whether lenders can withstand another financial crisis and can continue to lend during a financial crisis. The bleak outlook for Europe is really bad. The Euro held out reversal at 10546 closing the day in New York at 10549. We have a […]

The Italian police on Monday defused a bomb found outside a branch of Deutsche Bank, a German commercial bank, in Naples. The device, containing about a kilogram of explosives, had been primed to explode but failed to detonate, the ANSA news agency said, quoting police sources. A water cannon was used in the operation to make the device safe, ANSA said. It had […]

  Alayne Fleischmann Matt Taibbi has returned to the Rolling Stone and his first piece out the door is on the real story behind the fake $13 billion settlement with JP Morgan Chase deal to cover up alleged criminal activity sanctioned by Eric Holder and the Department of Justice. Taibbi had to leave First Look media […]

Those in government maintain a completely delusional view of the world which is the central part of the crisis that we face. Everyone else pays the price for it and this is no longer just brilliantly entertaining. This modern-day monetary delusion persists both inside central banks as well as within the halls of the elected representative […]