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Tag Archives: banks

‘The US is an oligarchy, study concludes’

It’s sad but true. This is something pretty much all critics of crony capitalism can agree on whether on what is traditionally called the “Right” in this country, or the “Left” in this country. Very powerful, very rich interests influence government policy on a fundamental level. From the military industrial complex, to Big Pharma, to the unions, to George Soros, to Carlos Slim, to the auto manufacturers, to the media, to the insurance industry, to the king crony capitalists of them all, the banks.

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Watch ‘Bitcoin Uprising’ – Very Cool (Video)

Like it or not Bitcoin is changing the world. A year ago very few people outside of wonky libertarian financial circles even knew what Bitcoin was. Now it is known by everyone, including and especially governments and central banks. They for the most part are not keen on the crypto-currency. And one can understand why. The central planners have no control over Bitcoin and that scares them to death. How are they supposed to manipulate monetary policy if everyone is using blockchain based virtual currencies?

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Pro-Business or Pro-Market: The GOP can’t have it both ways anymore

We’ve said it many times here, and many others have said it before us in other places. Free markets are not typically the friend of big corporations with lots of market share, money, and friends in government. These companies are already fat and happy. Free markets and free prices allow new challengers to enter the marketplace. This brings prices down and quality up. Not what the fat firms want.

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Jim Rickards: The Demise Of The U.S. Dollar (And Mutualy Assured Financial Destruction) Video

It won’t happen tomorrow but slowly but surely the world is moving from dollars. The petrodollar system which has been key to the world economy over the last 40 years is eroding. More and more country to country deals are being done in currencies other than the dollar. The economic world as we have known it, after Bretton Woods in the Cold War Era, the post Cold War era, and the post 9-11 era is fundamentally shifting. The dollar is not what it once was. It is no longer “almighty” and one should be prepared.

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All the Presidents’ Bankers: Nomi Prins on the Secret History of Washington-Wall Street Collusion

Nomi Prins is a very interesting and talented financial journalist and attached is a great in-depth interview with her on Democracy Now. She discusses her new book All the President’s Bankers.

In the book she explores the relationship between the banking establishment and the American presidency. It probably won’t come as a shock but she finds that in many respects Wall Street and Washington have long been partners, and particularly since the establishment of the Federal Reserve in 1913.

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