The big financial lie – How growing income inequality, too big to fail banks, and stock market delusion swindled the American public and dissolved the middle class.
The American banking system has spread systemic risk all across the economy with laser point precision but very few are even aware of this grim reality. It would seem that only those who understand the system from the cavernous inside and have little to lose can actually speak out against the system as they see […]
Banking Mammoths – Top 10 U.S. banks have $11 trillion of the $13 trillion in total banking assets. The problem? We have over 7,650 banks. The banking oligopoly leads to a concentration of wealth at the top.
The too big to fail problem is still an issue that needs to be dealt with even though many would like to ignore it like a big dark secret. The FDIC is holding up a system with $5.4 trillion in deposits and no deposit insurance fund. I know a lot of Americans have a hard […]
Federal Reserve ultimate protector of the banking class – Fed Reserve sends a thank you to American middle class and world for bailing out the banks with a gift of inflation. MIT chart tracking millions of items shows much higher inflation than CPI.
The Federal Reserve has one clear mandate. That mandate involves protecting the biggest investment and commercial banks on Wall Street at the expense of the American people. This deflation of quality of life is being felt in the most clandestine and subtle ways like a shift in the wind. The Federal Reserve through archaic money […]
Collective financial insanity – FDIC backing $5.4 trillion in total deposits on pure faith – US banking operating with negative deposit insurance fund and massive debt leverage. The greatest Ponzi scheme known in the financial world.
People psychologically are programmed to believe in financial realities that benefit their own cause even if they have no merit in empirical data. Many also forget that banks, especially the investment kind have a notorious track record of running amok when allowed to. The FDIC and US banking is a perfect example of a system […]