The report covers what the Commission views as causes of the financial crisis. The report is 150 pages long and covers a great deal of material in a great detail. Some of the information is valuable perhaps much of it is valuable. The problem with the report is that it addresses only symptoms. It never truly gets to the actual cause of the financial crisis. Read more »
There is a Rasmussen poll out which notes that 82% of the American people believe that economic challenges to the United States are a bigger threat than military challenges. Whether or not the public understands all the intricacies the economy, financial crisis or international finance, they do know that something is very wrong – not the least of which is a $1.5 trillion US budget deficit this year alone. Read more »
There are those in whose interest it is to have the word “conspiracy” conjure up an almost cartoonish image of a small group of wicked men meeting in a dimly lit conference room planning out the destruction of the world (or some part thereof ). People who use the word or even hint that there are organized groups of individuals with malicious agendas, operating covertly to carry them out are condescendingly referred to as “conspiracy theorists” by the sycophant media. Read more »
Much has been made about the enormous bonuses paid to executives of investment banks such as Goldman Sachs. Indeed, I have written on Goldman’s gluttony myself in Crisis by Design The Untold Story Of The Global Financial Coup and elsewhere. Read more »
Readers of Crisis by Design will recall that the “heart of the beast” is the Financial Stability Board, housed in the Bank for International Settlements in Basel, Switzerland and Chaired by the ex-Goldman Sachs executive, Mario Draghi. Read more »
If I told you that a group of international bankers in a board room in Basel, Switzerland had recently been empowered to create policy that would directly affect your personal retirement income, your shareholder rights, your personal savings, and more, you would likely write me off as a conspiracy wacko. Read more »