China, as we have written for quite a while (along with many others) is in serious trouble. Underpinning the “Chinese Dream” is piles and piles and piles of (likely bad) debt.
Tag Archives: banking
UKIP’s Godfrey Bloom Breaks Down Fractional Reserve Banking, “All the banks are broke.”
Mr. Bloom schools the EU Parliament on what banking is all about.
Judd Gregg From US Senator, To Goldman Sachs Advisor, To Head Of SIFMA (In under 2 years)
It’s good that the New Hampshire Republican made at least a brief stop at Goldman Sachs. How embarrassing would it be if the head of the most important banking trade group wasn’t a Goldman alum?
German Euro Founder Calls For ‘Catastrophic’ Currency To Be Broken up
The euro was originally created as a counter balance to the US dollar. The yen was in the end too small to effectively challenge the greenback and China had not yet come roaring onto the world stage. The goal was to remove the US currency’s sole “reserve currency” status.
EU Hedge Fund Manager Bonus Caps May Actually Make Things Worse.
Anyone who has read us for very long knows that we give bankers a hard time, often. The financial industry, especially the big banks, is rife with crony capitalism. The big banks are arguably the biggest crony capitalists of them all, and the corruption which comes with a Wall Street/Washington DC axis must be dealt with. It is vital for the future of our economy. Ending the Fed would be a good start.
Taking the next step: How does one “unbank?”
Pretty radical stuff contained in the attached link.
Sick of the big banks taking your money? Sick of the fractional reserve system generally? Then unbank.
Anything Good or That Makes Sense the Government Seems to Want to Kill. This Week? Bitcoin.
Bitcoin is a challenge to the fiat nonsense which rules the day. It is an alternative to the magic backed dollar system we currently operate under.
China Showing Symptoms of Financial Crisis: Report
China is overbuilt, over leveraged, and over managed.
Terry McAuliffe is running for governor in Virginia, crony capitalist extraordinaire?
Terry McAuliffe has used political connections to get ahead in business and business connections to get ahead in government from the time he was a young man.
George Will Says Break Up the Big Banks
The mega-banks are “mega” because the government helped make them that way. Instead of letting the big banks fail in 2008, Hank Paulson swept in and backstopped them, bailed them out, even though the market was trying to correct for years of stupidity both from Wall Street and Washington. The universe wanted to break up the cartel, but the government would not let it.
