A “false front” building from the Old West. Towns built false fronts to make the town look more substantial and prosperous than it really was.The tidal wave of evidence showing that the giant banks have engaged in fraudulent foreclosure practices is …
Posts Tagged ‘Ellen Brown’
“At the Root of the Crisis We Find the Largest Financial Swindle in World History”, Where “Counterfeit” Mortgages Were “Laundered” by the Banks
October 13th, 2010 |
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“Behind Each Great Historical Phenomenon Lies A Financial Secret”
February 18th, 2010 |
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Leading economic historian Niall Ferguson writes:Behind each great historical phenomenon there lies a financial secret,Ferguson provides some examples:“It was Nathan RothÂschild as much as the Duke of Wellington who defeated Napoleon at Waterloo†…
Arguments for Deflation: Unemployment, Debt and Deleveraging, the Pension Crisis, Collapse of the Shadow Banking System, and Interest on Reserves
September 22nd, 2009 |
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As Absolute Return Partners wrote in its July newsletter: The most important investment decision you will have to make this year and possibly for years to come is whether to structure your portfolio for deflation or inflation. So which is it, inflation…
If Credit is Not Created Out of Excess Reserves, What Does That Mean?
September 21st, 2009 |
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We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…
2 Nobel Economists Confirm that Credit is NOT Created Out of Excess Reserves
September 20th, 2009 |
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We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…
Are Foreign Purchases of U.S. Treasury Bonds Being Faked?
September 14th, 2009 |
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Everyone knows that the American government is gaming the market for treasury bonds to some extent.For example, the government has itself bought some U.S. Treasuries.Some writers, such as Rob Kirby and Ellen Brown, go much further, alleging that Bern…
The Case for Deflation
August 29th, 2009 |
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As Absolute Return Partners wrote in its July newsletter:The most important investment decision you will have to make this year and possibly for years to come is whether to structure your portfolio for deflation or inflation.So which is it, inflation o…
We Can NOT Inflate Our Way Out of The Debt Trap
August 6th, 2009 |
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UBS economist Paul Donovan shows that governments can’t inflate their way out of debt traps:Inflation pessimists cling resolutely to the belief that inflation will inevitably return. “Fiscal deficits are rising dramatically†goes the argument. “G…
The Real Economy Versus the Make-Believe World of the Government and Financial Giants
August 4th, 2009 |
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In the real economy, unemployment is at Depression-era levels (see this, this and this).In the real economy, bank loan loss rates will be higher than the Depression.In the real economy, government revenue is at its lowest level since the Depression, an…
China’s Real Debt Situation
July 28th, 2009 |
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As I have repeatedly pointed out, China is in better shape than the U.S. and many other Western countries, but all is not rosy in China.CNN Money is now making some of these same points out for a mass audience:On the surface, China presents a fiscal st…
Leading Journalist Confirms that Government Could Take Over the Power of Money-Creation for the Public Good
July 20th, 2009 |
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William Greider is a former Washington Post and Rolling Stone editor, and now writes for the Nation. Greider has written numerous books and articles on the economy over the course of many decades, including the leading book on the Federal Reserve, Secr…
Inflation, Deflation and “Got You” Prices
July 14th, 2009 |
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Scott Patterson writes in the Wall Street Journal that we won’t get inflation until unemployment is down below 5%:A rule of thumb is that inflation doesn’t become sticky until the unemployment rate dips below 5%…”I see very little prospect of acceler…