Full story here from ZeroHedge. This is a rubber-meets-the-road moment–whether the Fed is broken or if the Bailout Kleptocracy hits full steam ahead. The very fact that the US taxpayer has to BEG and then SUE to see where their money went and what, if any, collateral was provided is truly pathetic.
Full story here from Market Ticker.
If this is true, it’s deadly-serious.
I have here a record of a note that was open (and unpaid) during a bankruptcy. It was held by one of the big mortgage joints that was swallowed The debt was not reconfirmed, and it was a second.
The first is underwater. [...]
Full story here from ZeroHedge.
After a lengthy attempt to bail out his pet bank, ShoreBank Chicago, Illinois, which included several alleged armtwisting episodes by the administration, the president has finally let the bank die (with its assets valued at about 50% of face). Yet instead of going to hell, it was [...]
Full story here from Ellen Brown.
Mortgages bundled into securities were a favorite investment of speculators at the height of the financial bubble leading up to the crash of 2008. The securities changed hands frequently, and the companies profiting from mortgage payments were often not the same parties that negotiated the loans. At the heart of [...]
Full story here from ZeroHedge.
When Fed Chairman Ben Bernanke admits to seeing an “unusually uncertain” economy ahead, it’s pretty terrifying to imagine what he’s really thinking. What John Williams envisions—and he’s by no means looking to the far horizon—is a systemic collapse, a hyperinflationary great depression and the cessation of normal commerce. Despite that bleak [...]
You can see the interview here. A fabulous bombshell of data on precious metal market manipulations, politics, finance and conspiracy. My kind of stuff.
From our “No way, I would’ve never guessed that a billionaire might resort to stealing” files.
Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.
Full story here from ZeroHedge. More from Nassim Taleb, author of The Black Swan.
In an interview conducted with Business Week, Nassim Taleb discusses his view of the biggest black swan in the market currently, and isn’t shy to call government debt a “Pure Ponzi scheme.” – When asked where he the biggest potential source of systemic [...]
Full story here from Paul Craig Roberts.
It was 2017. Clans were governing America.
The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.
Full story here from Jim Willie, The Golden Jackass, my favorite curmudgeon of precious metals and erstwhile detractor of fiat funniness.
A significant feature of fiat money systems is the privilege for the custodian to commit fraud, big fraud, gargantuan fraud, even counterfeit. Fannie Mae might function as the clearinghouse for numerous massive role programs with [...]