“’You’ll own nothing and be happy’? David Webb has gone through the 50-year history of all the legal constructs that have been put in place to technically enable that to happen.” [Oct 2 interview titled “The Great Taking: Who Really Owns Your Assets?”] The derivatives bubble has been estimated to exceed one quadrillion dollars (a […]
Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest banks) to bail in or expropriate their […]
Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong […]
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities. When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject […]
By Mark Anderson
21st Century Wire
President Trump had already said and done enough to unnerve the powers-that-be on various fronts—from hedging on free-trade deals to making bold foreign-policy strides with North Korea and Russia—when he upped the ante even more July 19, speaking out against the Federal Reserve central bank that’s seen by worshipful monopoly capitalists and their media cohorts as being too kingly for presidential criticism.
Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies. At his confirmation hearing in January 2017, Treasury Secretary Stephen Mnuchin said, “regulation is killing community banks.” If the process is […]
Former Goldman Sachs Executive, now Treasury Secretary, Steven Mnuchin takes his seat to testify at a House Appropriations subcommittee hearing on the budget, on Capitol Hill, June 12, 2017, in Washington. (AP/Alex Brandon)
(ANTIMEDIA) Like clockwork, the mainstream media is fervently focusing on a story filled with scandal and intrigue: James Comey’s testimony. Whether it’s a terror attack in the west, a celebrity tailspin, or a superficial drama like James Comey’s conversations in Congress today, when the media drives an obsessive narrative, there’s usually other events occurring.
“But Russia might have intervened with our democratic process!” some may retort. “Donald Trump is probably a criminal!”
Hillary Clinton laughs as Tom Perez endorses her during a campaign stop in Sioux City, Iowa, Dec. 4, 2015. (AP/Nati Harnik)
WASHINGTON, D.C.– Public concern about the influence of money in politics has never been greater. But figuring out exactly how much money is needed to “buy” a congressional vote has been difficult to do.
In yet another Wall Street giveaway, President Donald Trump on Friday afternoon took executive action to chip away at Dodd-Frank financial regulations and roll back rules aimed at reducing corporate tax avoidance.
