Category Archives: Banking

The Bank of North Dakota

    Chronicles the Bank of North Dakota’s fascinating history and reviews its key role in financing the state’s economic future. During the early 1900s, North Dakota’s economy was dangerously dependent on a single industry—agriculture, an industry controlled by financial … Continue reading

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Cyprus “Euro experiment” – The Cyprus ‘Haircut’

This isn’t just a banking disaster. It’s a democratic disaster.   The real targets of the “haircut” are businesses, entrepreneurs and the middle class.   In a speech laden with criticism of Europe’s currency union for “experimenting” with the island’s … Continue reading

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What Happens When Journalist Forces Banker To Answer Questions

This Is What Happens When A Journalist Forces A Banker To Actually Answer A Question. It’s hard not to appreciate how thoroughly Irish journalist Vincent Browne shuts down these banker’s multiple attempts to weasel their way out of answering his … Continue reading

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Fiat Money – Who benefits from it?

Fiat money http://en.wikipedia.org/wiki/Fiat_money What is Fiat money, how does it relate to the federal reserve, and more importantly, how does it affect you? How exponential growth of money created out of nothing forces people into larger amounts of debt to … Continue reading

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Rob Gray – Ask Congress Who Owns The World’s Debt

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ~Henry Ford       Rob Gray – Executive … Continue reading

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LIBOR scandal set to rock U.S.

  LIBOR scandal set to rock U.S. as experts warn it could be ‘the biggest consumer fraud in history’ The list of banks involved in setting the Dollar LIBOR rate appears in the article: Daily Mail   Geithner unaware of … Continue reading

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Super rich hiding up to $32 trillion offshore

Older post: Wealth doesn’t trickle down – it just floods offshore   Welcome to the New Brave World!   Major banks and the financial global elite are now confirmed to have as much as $32 trillion in hidden assets stashed … Continue reading

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Wealth doesn’t trickle down – it just floods offshore

Super rich hold $32 trillion in offshore havens (Reuters) – Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according … Continue reading

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Goldman Sachs Doing God’s work??

MSNBC’s Dylan Ratigan Asks “Is Goldman Sachs Doing “God’s Work”?” From MSNBC’s Morning Meeting, Dylan Ratigan talks to author and former managing director for Goldman Sachs Nomi Prins about this week’s article in the UK Times I’m doing ‘God’s work’. … Continue reading

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Kucinich Explains Latest Developments in Libor Scandal

  Last week, Congressman Kucinich released another video explaining what the London Interbank Offered Rate (Libor) is, how it affects world markets, and why the Libor scandal is important. The text of the Congressman’s video follows. “As millions of Americans … Continue reading

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