Adam Smith gave the Dreadful Few the economic leverage to manipulate the market and corrupt the economic order of the West and arguably much of the World.
Here’s the inconvenient details about the new G20 directive for those who have big deposits in their favorite banks.
Russell Napier Declares November 16, 2014 The Day Money Dies
Submitted by Tyler Durden on 11/12/2014 23:39 -0500
With the new regulation that is being agreed upon by the G20, all of your bank deposits will be considered an investment to the bank, and the bank will, in turn, consider those deposits as part of their capital.
That’s a good investment if the bank itself is stable. But that is simply not the case.
That’s why Putin took an early exit…
Published time: November 17, 2014 15:17
Here’s another proof that these bankers are beyond the laws of the land, or so they thought. Although Alan Greenspan would like to twist his aged claim that the Fed is beyond accountability.
The New York Fed Has Contracted JPMorgan to Hold Over $1.7 Trillion of its QE Bonds Despite Two Felony Counts and Serial Charges of Crimes
By Pam Martens and Russ Martens: November 3, 2014
Submitted by Tyler Durden on 11/03/2014 23:42
Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.