Banks/Banking

Cute, really, calling it, Surveillance Valley,  that abomination of elitist, mostly Zionist, and certainly white male-dominated reverse Darwinism IT bootcamp, where the most hostile sub-species exists to shred all human agency. These are Ivy League/Stanford/Georgia Tech types, very strange, indeed, humans who are possessed of the most puerile of spirit, the most usury, psychologically defective, narcissistic, Oedipal hearts on earth, and they just keep that lie going. Silicon Valley my ass!

Bill Keller, editorialist for the NY Times and former executive editor of the paper, has recently penned a strong attack on Vladimir Putin arguing that Putin’s leadership “deliberately distances Russia from the socially and culturally liberal West”, describing the Kremlin’s policies as “laws giving official sanction to the terrorizing of gays and lesbians, the jailing of members of a punk protest group for offenses against the Russian Orthodox Church, the demonizing of Western-backed pro-democracy organizat

The rushed campaign to insert Stanley Fischer straight from his position leading Israel’s central bank into the number two spot at the Federal Reserve has allowed little time for research into the appointee’s career or for informed public debate about his record. Like the failed recent Obama administration-Israel lobby pincer move to ram approval for U.S. military strikes on Syria through Congress, avoiding such due diligence through velocity may actually be the only means for successful Senate confirmation.

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed?
The answer depends on whose purposes we are talking about.  For the banks, the Fed has served quite well.  For the laboring masses whose populist movement prompted it, not much has changed in a century.
Thwarting Populist Demands

Charles Dickens’ A Christmas Carol is relevant these days with many in Congress playing the role of Scrooge before he was visited by the Christmas spirits. Dickens was greatly concerned about the plight of children forced to work under dreadful conditions and about the lives of the poor in Britain under industrial capitalism in the 1840s.
Pope Francis recently echoed these ideas when he expressed concern about unfettered capitalism. The Pope also called on world leaders to address poverty and growing inequality. Specifically, he said:

The United States Federal Reserve announced Wednesday that it will start drawing down (i.e. “tapering”) its multibillion-dollar quantitative easing policies in 2014.
The Fed will begin tapering its $85 billion monthly purchases of Treasuries and Treasury mortgage-backed securities by $5 billion each starting in January.

In science, a theory is abandoned or substantially modified if it does not concur with the emerging facts, fails to predict important events, or is contradicted by experiments. That, alas, does not seem to apply to economic theories.
Free-market (neo-liberal) capitalism has been the dominant type of capitalism for the last three decades; it failed spectacularly to predict the 2008 global economic crash, the second largest economic crisis in history, after the great depression.

Through its provisions, Public Act 436 establishes a new form of local government, previously unknown within the United States or the State of Michigan, where the people within local municipalities may be governed by an unelected official who establishes local law by decree.
– Complaint for Injunctive Relief, Phillips et al. v. Snyder, U.S. District Court for Eastern Michigan

December 23 marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.

The Group of Thirty (or G-30) describes itself as “a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia,” which “aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.”