Thursday, March 4, 2021
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...
by John Truman Wolfe A Credit Default Swap (CDS) is a fancy name for a financial instrument that is really nothing more than a bet on whether a loan will be repaid or not. They are wagers placed by bankers...
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. No surprise then,...

An Unsavory Connection

by John Truman Wolfe I don't like the word ‘globalization.’ I don’t like the way it sounds. I don’t like the way it tastes, or feels or smells. It evokes a world of human misery ruled by some unseen Orwellian tyrant that promotes...
Can you revert a financial crisis by printing more money? It’s the same question as, Can you put out an inferno with more gasoline? Initially, Sec. Paulsen said the trillion dollar bailout to Wall Street and AIG insurers was...
BENNIE AND THE FEDS Ben Bernanke has all the emotion of a fried circuit board. His dome is buffed, his beard is fastidiously trimmed, but I’ve never seen the guy smile. Even if he weren’t Wall Street’s android, it’s not smiling time...
If I told you that a group of international bankers in a board room in Basel, Switzerland had recently been empowered to create a policy that would directly affect your personal retirement income, your shareholder rights, your personal savings,...
Helicopter Ben’s most recent printing spree has been branded QE 2. QE is the acronym for “quantitative easing.” Quantitative easing is Bennie’s euphemism for printing money. That’s what the Fed does, it’s a Monopoly world to them. This is...
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