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Finance
2012: The Year of Banker Infestation 2013: The Year of Bank Oligopoly PDF Print E-mail
Written by RC Christian   
Monday, 07 January 2013 12:52

In this episode, Max Keiser and Stacy Herbert argue over whether things are looking better or worse for the American worker. While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the Internet giants will prevent the rise of a powerful decentralized economy online. In the second half, Max Keiser talks to Professor Jonathan Feldman about the Global Teach-In and about a boycott and short sale campaign and creating an industrial policy for America because right now the US even outsources some military production to China.

Last Updated on Monday, 07 January 2013 13:13
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Bernie Sanders Calls Federal Reserve "Socialism for the Rich" After $16 Trillion Secret Bail-Outs PDF Print E-mail
Saturday, 28 July 2012 21:40

Audit the Federal Reserve

 

 

Bail-outs Included Foreign Banks

After 89 Democrats in the House voted in a victory for bipartisanship to audit the Federal Reserve, some jaw-dropping numbers are emerging as a result of a partial conducted this year.  It is no surprise that the news is dropping with a dull thud in the media.  That's why you should get your news from the Internet and sites like this.

Senator Bernie Sanders at his official website reports:

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

The consortium of private banks collectively known as the Federal Reserve found itself in the crosshairs of Occupy Wall Street last fall.  Created in 1913, the Fed holds a monopoly on the creation of the currency, which it lends to the US Treasury at interest, or to other banks.

 

But House passage already marks a high-water mark for those who for years have been pushing for an audit, led by Mr. Paul. The Texas Republican rode the issue to prominence in two different presidential campaigns, and said the bill is a chance for Congress to begin to reclaim the money and banking powers it is given in the Constitution, but had delegated to the Fed.

Read more: Audit the Federal Reserve

Last Updated on Monday, 30 July 2012 10:20
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Banks Skim Millions of Students PDF Print E-mail
Written by RC Christian   
Friday, 01 June 2012 11:45

More than 9 million students are at risk for increased educational debt, due to bank-affiliated campus debit cards that come with high fees, insufficient consumer protections, and few options, reported U.S. PIRG, the federation of state Public Interest Research Groups.

photo: downwithtyranny.com

Banks and other financial organizations have established partnership agreements with 900 campuses nationwide, selling bank products onto student IDs and other campus cards with the goal to become the primary recipient of billions in federal financial aid to distribute to students.“Campus debit cards are wolves in sheep’s clothing,” observed Rich Williams, U.S. PIRG Higher Education Advocate and report co-author.  “Students think they can access their dollars freely, but instead their aid is being eaten up in fees.”The Campus Debit Card Trap, a new report released by the U.S. PIRG, discovered that banks and financial institutions control and influence federal financial aid disbursement to over 9 million students by linking checking accounts and prepaid debit cards to student IDs. 

For years, students would receive their financial aid by check, without being charged any fees to access their student reimbursement money.  Now, students end up paying big fees on their student aid, including per-swipe fees of $0.50, inactivity fees of $10 or more after 6 months, overdraft fees of up to $38 and plenty more, continued the consumer protection group PIRG.  

Last Updated on Friday, 01 June 2012 12:36
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Americans renouncing U.S. citizenship for tax reasons PDF Print E-mail
Written by Legal Lady   
Friday, 04 May 2012 08:29

With the U.S. Government creating harsher and harsher tax laws and guidelines in recent years demanding Americans abroad paying the IRS even more, citizens are voluntarily refuting protection of the United States citizenship status in numbers unparalleled in recent history.

Shocking statistics was recently uncovered. At least 1,788 Americans officially renounced their US citizenship in 2011, exceeding the totals from 2007, 2008 and 2009 combined, said figures taken from the Federal Register.

Imperial Overreach

Photo: investmentnews.com

Out of the 34 countries members of the Organization for Economic Cooperation and Development (OECD), the only country that taxes its citizens no matter where they reside domestically or internationally, is the USA. If a person has a US citizen status, he/she will be taxed by the United States government on every dollar earned no matter where in the world he/she resides or under what current tax law, commented RT News. The US is searching for tax cheats in offshore centers, including Switzerland, in order to curb its budget deficit.

Full Article and video report: Americans renouncing U.S. citizenship for tax reasons

Last Updated on Friday, 04 May 2012 08:49
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Occupy Student Debt Protests $1 Trillion Mark PDF Print E-mail
Written by Legal Lady   
Wednesday, 25 April 2012 14:33

Today marks what occupy Wall Street activists are calling “1TDay” - the day U.S. student debt reaches $1 trillion.

Occupy Student Debt, an offspring of the Occupy movement focusing on student debt and urging students to pledge not to repay their loans, is organizing several events today to commemorate the total amount of student debt passing $1 trillion, reported DemocracyNow.

"Demonstrations and creative actions" are planned for Union Square, in New York; the headquarters and regional offices of the student lender Sallie Mae; and at colleges across the country, including the University of Chicago, Brooklyn College, Cooper Union, Hampshire College, the University of Wisconsin at Madison, and the University of California at Santa Cruz, informed Occupy Student Debt.

Full Story and Video: Occupy Student Debt Protests $1 Trillion Mark

Last Updated on Wednesday, 25 April 2012 14:46
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US Debt Exceeds Entire Euro Zone and UK Combined PDF Print E-mail
Written by Truth Warrior   
Tuesday, 10 April 2012 14:41

The Senate Budget Committee Republican staff under Ranking Member Jeff Sessions (R-AL) released this alarming graph today:

The U.S. debt topped $15 trillion in 2011; while the U.K. and euro zone’s collective debt amounted to approximately $13 trillion.

Census Bureau figures put the U.S. total population at 313 million. The Euro Zone’s population is almost 332 million.

Needless to say that U.S. debt is also larger on a per capita basis.

 Read Full Analysis: US Debt Exceeds Entire Euro Zone and UK Combined

Last Updated on Tuesday, 10 April 2012 14:54
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JP Morgan - The Terrorist Bank PDF Print E-mail
Written by Tom Heneghan, International Intelligence Expert   
Monday, 09 April 2012 13:02


JP Morgan the Terrorist Bank


http://a.abcnews.com/images/Blotter/abc_dimon_jpmorganchase_090415_mn.jpg

UNITED STATES of America  -  It can now be reported that JPMorgan is involved in a $10 TRILLION derivatives ponzi scheme that is now corrupting the entire world financial system.

We can now divulge that London-based credit default trader Bruno Michel Iksil (Jamie Dimon surrogate) is under European INTERPOL investigation for conspiring with Marc Rich's Swiss-based Glencore Commodities company, along with UBS Switzerland in rigging interest rates and foreign currency futures transactions made on both the Chicago Mercantile and London LIFFE Exchanges.

Last Updated on Monday, 09 April 2012 13:42
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Gibiru.com has a New Job Search Portal PDF Print E-mail
Written by Legal Lady   
Tuesday, 03 April 2012 15:20

 Gibiru.com just launched its new Job Search Engine Portal called Gibiru Jobs

It searches through thousands of job boards, classifieds, and company sites.

By choosing a job keyword and location, the search results deliver the type of job you are looking for , the company, the very location, and the date the job was posted.
This is an information site about jobs, careers and personal development. It is designed to point you towards the information sources that will get you started on your new pathway to success.
Last Updated on Thursday, 26 April 2012 15:37
Read more...
 
US Banks Failed Stress Test PDF Print E-mail
Written by Aleko   
Wednesday, 14 March 2012 12:06

Citigroup and three other US banks fail Federal Reserve stress test

Four large U.S. banks have failed to show they have enough capital to survive another serious downturn. Citi, SunTrust, Ally Financial and MetLife all failed the Federal Reserve stress test reported AP.

Fifteen other banks passed the Fed's test, including the biggest U.S. bank, JPMorgan Chase, which recently announced it intends to raise its dividend and begin its share-buyback strategy.

The Fed decided to release the stress results earlier because there had been a leak of inside information and JPMorgan apparently jumped the gun on announcing its buybacks and dividend increase.

Still, the Fed said the financial plans of Citigroup, Ally Financial, SunTrust and MetLife left those banks without enough cash liquidity to endure a severe economic recession.

Read Full Article and Watch Video: US Banks Failed Stress Test

Last Updated on Wednesday, 14 March 2012 17:36
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