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Tag Archives: Bernanke

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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Global debt markets hit $100 trillion-mark

You want to know why our central banks aren’t honest? (Aside from the fact that they are by their very nature dishonest.) You want to know why politicians (when they have a clue what is going on economically) aren’t honest? Perhaps it is the mind boggling amount of debt which has kept the game going.

The entire economic activity of the USA constitutes $17 trillion. There is $100 trillion in debt floating around the globe right now according the Bank for International Settlements.

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