Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. […]
It looks like 2008 all over again. Economic and financial mismanagement feature in scorching, consuming brilliance. The culpable, bungling banksters, have returned with their customary, venal incompetence. In the customary script, they habitually seek the role of the public purse to socialise their losses. Along the way, they will avoid richly deserved prison sentences, lie […]
Oklahoma is taking action to ban 13 major financial institutions from doing business with the state after it was determined that the banks engaged in boycotting energy companies. The move ultimately blocks the banks from managing billions of dollars in Oklahoma pensions, investments and other state entities.
Henrik cover some of the latest news in No-Go Zone May 3, 2023.
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After Robert Maxwell dropped his bid for Bluebonnet, the S&L was sold to insurance man James Fail under exceedingly strange financial circumstances. His backers ranged from figures tied to George H.W. Bush and Arkansas financier and covert "money shuffler" Jackson Stephens.
Robert Maxwell Goes to Texas: The Story of Bluebonnet, Part 2.
President Macron is not a king but a pawn of global finance The current tenant of the Elysee Palace has been called by NUPES, the left coalition opposition in France, a President-King. To do so is to give him a bigger role and more power than what he has. In reality, Macron is just one […]
On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized: What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means … is that they have […]
On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in […]
Henrik and Lana cover some of the latest news in Flashback Friday this March 10, 2023.
This is the audio version of the show. If you want to watch the video version go here. We have RSS/Podcast feeds available here.
Ray McGinnis Canada’s Liberal government couldn’t justify invoking the Emergencies Act based on the existing definition in the legislation. So, it obtained a legal opinion to embellish parameters for declaring an emergency. The 1988 Emergencies Act states that a “Public Order Emergency means an emergency that arises from threats to the security of Canada and …
