ECONOMY MONEY AND BANKING

David Rockefeller Is 101

David Rockefeller is arguably the longest-lived power behind the throne in American history.

He received a Ph.D. in economics from the University of Chicago in 1940. Yes, his grandfather had provided money to create the school, but the economics department was rigorous. He did not get a free ride academically. Yet he showed no signs of that department’s moderate free market outlook.

He served as chairman of Chase-Manhattan Bank (1969-81), a giant bank in his day, which merged with a giant, J. P. Morgan-Chase.
READ MORE: http://www.garynorth.com/public/15508.cfm

Audit Reveals the Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.

The Pentagon, which has been notoriously lax in its accounting practices, has never completed an audit, would reveal how the agency has specifically spent the trillions of dollars allocated for wars, equipment, personnel, housing, healthcare and procurements allotted to them by Congress.
READ MORE: http://thefreethoughtproject.com/audit-reveals-pentagon-6-5-trillion/

Megaupload 2.0 Will Link File Transfers to Bitcoin Transactions

Kim Dotcom is teasing fresh information about his Megaupload 2.0 project set to launch in January 2017. Noting that every file transfer will be linked to a bitcoin transaction, Dotcom says the new platform will take decentralization, anonymity & encryption "to the next level".

Every #Megaupload file transfer will be linked to a tiny #Bitcoin micro transaction. Get ready for Bitcache. pic.twitter.com/0viV2sJ9ax
— Kim Dotcom (@KimDotcom) August 5, 2016
READ MORE: https://torrentfreak.com/megaupload-2-0-will-link-file-transfers-bitcoin...

Deutsche Bank Profit Plunges 98 Percent As The Outlook For ‘The World’s Riskiest Bank’ Darkens

The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, Deutsche Bank stock hit an all-time low. Then I sounded the alarm about Deutsche Bank again back in May, and once again that was followed by another all-time low for Deutsche Bank. And then I warned about Deutsche Bank again in early June, and you can probably imagine what happened after that. Over the past year, this German banking giant has literally been coming apart at the seams, and in so many ways it is paralleling exactly what happened to Lehman Brothers back in 2008.
READ MORE: http://theeconomiccollapseblog.com/archives/deutsche-bank-profit-plunges...

Winston Peters advocates for Peoples Public Credit

New Zealand First Leader Winston Peters in this speech stated that the use of the Peoples Public Credit is a good thing if done correctly for the right reasons.

It makes clear that Winston Peters has at least a reasonable understanding of the most important issue of all, the money system funding structure issue.

At the New Zealand First 2015 Party Conference Winston Peters lambasted National in his speech for its neo liberal economic policies, its “corporate” friends and above all, for its Reserve Bank policies which he argues partly lie behind what he sees as a forthcoming rural debt crisis.

At the same time NZ First MPs are critical of Labour for its divisiveness and its political correctness.

What does seem likely though, is that NZ First would require action on the Reserve Bank in any deal to support a Government.

The money revolution being perpetrated by the world's central bankers

Soaring real estate prices and rising stocks disguise a transformation in the traditional rules of economics. The world's central bankers may have started a revolution more radical than anything ever dreamed of by Karl Marx, and it's far from clear where it will all end.

By repeatedly cutting interest rates and buying up bonds, the world's central banks have been gnawing at one of the founding pillars of capitalism, and so far, warnings have fallen on deaf ears. Effectively, central banks are changing the meaning of money and by doing so they are taking us into an unknown, and potentially destabilized, future.
READ MORE: http://www.cbc.ca/beta/news/business/central-bankers-policy-rules-econom...

War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think

Let’s start with China. On Tuesday, an international tribunal in the Hague ruled against China’s territorial claims in the South China Sea. The Chinese government announced ahead of time that they do not recognize the jurisdiction of the tribunal, and they have absolutely no intention of abiding by the ruling. In fact, China is becoming even more defiant in the aftermath of this ruling. We aren’t hearing much about it in the U.S. media, but according to international news reports Chinese president Xi Jinping has ordered the People’s Liberation Army “to prepare for combat” with the United States if the Obama administration presses China to abandon the islands that they are currently occupying in the South China Sea…
READ MORE: http://www.zerohedge.com/news/2016-07-16/war-coming-and-global-financial...

Slowing down the sun

Kiwis are going solar in record numbers to escape rising power bills and get a degree of energy freedom, but the electricity industry is responding and using a host of tactics to try and discourage them. The industry’s latest tool is a new charge on solar, which the National Government’s Electricity Authority just gave the green light to.
READ MORE: https://blog.greens.org.nz/2016/07/13/kiwis-and-solar-energy-record-numb...

Goldman Sachs fined $5.1 billion over mortgage-backed securities fraud

Goldman Sachs said it agreed to a $5.1 billion civil settlement to resolve federal and state probes into its handling of mortgage-backed securities before the 2008 financial crisis.

The proposed deal, which the Wall Street giant announced in a Thursday statement, would settle “actual and potential civil claims” by the US Justice Department and the attorneys general of New York and Illinois, as well as state regulators, against Goldman.
READ MORE: http://www.hangthebankers.com/goldman-sachs-mortgage-backed-securities/

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