Crystal balls are made of glass, not an enduring substance in the world of international finance and investing. And mine has accumulated its share of cracks over the years. But I was scrolling through my older newsletters, recently and, modesty…
From Bloomberg News: It is one of the great moments in history, when the most vocal critic of the Federal Reserve Bank, Texas Congressman Ron Paul, has been put in charge of the Congressional committee that oversees the Fed.
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…
This time it is not the mobile shock troops of Nazi Panzer divisions storming into the countries of Easter Europe, it is a group of pin-striped international bankers operating out of a black glass building in Basel Switzerland.
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.
During my trip to Beijing earlier this year at the behest of members of the Chinese government, I had dinner with the President of China Gold, the country’s gold mining the consortium (60% owned by the government).
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.
The entire fourth chapter of Crisis by Design The Untold Story of the Global Financial Coup is an expose of Goldman Sachs’ reprehensible relationship with the U.S. Government and the Federal Reserve Bank.
Thanks to Congressman Ron Paul, the Federal Reserve was recently mandated to cough up the information about the loans they made during the financial crisis (by creating money out of thin air).
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, and…