When the economic crisis hit in 2008, economists started to admit that neoclassical economics was wrong.Specifically, they started to admit that the assumption that the economy is inherently stable is false, and that their models were faulty and needed…
Posts Tagged ‘Max Keiser’
Here’s How to Stop Market Manipulation and Show Too Big To Fail Banks Like JP Morgan Who Is Boss
November 12th, 2010 |
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Leading economists and financial experts say that our economy cannot recover until the too big to fails are broken up. See this and this. The giant banks have been sucking money out of the real economy and making us all poorer. But the government i…
IMF Calls for Huge New Round of Bank Bailouts
October 6th, 2010 |
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The IMF is calling for a huge new round of bank bailouts.As the Telegraph noted yesterday: Lenders across Europe and the US are facing a $4 trillion refinancing hurdle in the coming 24 months and many still need to recapitalise, the Washington-ba…
Max Keiser: Big Banks Allocate Losing Trades to Clients, Keep Winning Trades for Themselves
May 26th, 2010 |
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Max Keiser – journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading – claims that the big banks retroactively allocate losing trades to their clients, and keep the winni…
Will a Basket of Currencies Replace the Dollar?
October 6th, 2009 |
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Robert Fisk of the Independent wrote yesterday that the Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – including the yen, yuan, euro, gold and a new, unified currency plann…
Expert on Structured Finance and Derivatives: Rampant Fraud and Ponzi Scheme Caused Crisis
October 4th, 2009 |
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Janet Tavakoli is one of the foremost experts on structured finance and derivatives.Tavakoli made an outstanding presentation to the IMF last week on the fraud which led to the financial crisis.Tavakoli was kind enough to send me a summary of the IMF p…
The Truth About Unemployment
August 11th, 2009 |
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The mainstream news is citing the decline in unemployment from 9.5% to 9.4% in July as proof that the economy is stabilizing.But is that true?Distortions in the NumbersWell, as the New York Times pointed out in July: Include [those who have given up lo…