Tony Blair to launch anti-Brexit ‘mission’

Image: Dazed Digital

This is the Blair/Clinton/Bush crowd for you. Fight the will of the people. Do the wrong thing with a smile and then with serious earnestness. Talk about “democracy.” Then drop some bombs. (Sometimes.)

Tony Blair is now the super banker/politico in Europe doing the bidding of JP Morgan and the big banks, the Chinese, and the Saudis, etc.

Britons? They don’t pay as well.

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Surprise surprise, New Treasury Secretary Mnunchin, from Goldman Sachs, DOESN’T want to audit the Fed

As soon as I heard that Mnunchin was coming in I knew we were headed for trouble on this point.

Goldman Sachs is arguably the most crony company in the world and they do quite well with the Fed system the way it is. Not to mention the nice bailout the Fed oversaw from which Goldman benefited immensely. Might not want to look too closely there. Don’t want to uncover anything that causes a headache for the bank,

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Here are the 52 public companies that make the most money from the federal government

Image: CNBC

This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.

Why are we going into massive debt, in part, to pad the bottom lines of these companies?

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Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.

I like John Allison. A few years ago I helped put together a forum on Wall Street in which John Allison participated. Since then I’ve talked with him a couple of times. In another life I worked for BB&T while Allison was CEO of the company.

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To Really ‘Make America Great Again,’ End the Fed!

By RON PAUL

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Federal Reserve-generated increases in money supply cause economic inequality.

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Deficit Hawks May Not Be Part of Donald Trump’s Washington

Interest rates rising may throw a wrench into this before it gets really started. The cost of servicing the current debt will explode with higher rates. The bigger the debt, the bigger the burden on taxpayers to service the debt when rates move up.

We don’t need more taxpayer financed, debt financed infrastructure projects. We need to get things in line with fiscal reality. A bunch of new federal spending is NOT what this country needs. But, this is why Trump was able to turn much of the unionized Midwest to him.

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A Cash Ban is Coming to the US

(From Zerohedge)

India’s decision to ban Rupee notes above 500 has become the financial media’s topic du jour.

However, India is in fact just the latest in a series of countries to ban physical cash in higher denominations.

The war on cash has been going on since at least 2014 if not earlier.

To that end, France has banned any transaction over €1,000 Euros from using physical cash.

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Regulators fine JPMorgan $264 million for bribery violations

This is a wrist slap. Most other companies are threatened with jail time for executives, forced to agree to long probationary periods, and forced to hire friends of regulators at inflated fees to “monitor” them for years. JPMorgan wanted to settle this with Obama still in office.

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