With Prosecution A Non-Starter, Big Banks Are Boss
In the five years since the U.S. house market imploded, taking much of the global economy out with it, Americans have watched with growing frustration as it becomes increasingly apparent that no...
View ArticleForex Rate Rigging Proves Trading Is For Insiders
In the summer of 2012, reports surfaced that a group of bank traders had conspired to manipulate the LIBOR (London Interbank Offered Rate), a benchmark rate used to set interest rates and calculate...
View ArticlePlastic Banknotes: Practical Substitute for Paper or Invasion of Privacy?
Canada completed the conversion of its banknotes from cotton-based paper to polymer, or plastic, bills at the end of 2013, just about the time Bank of England announced it would join Canada and another...
View ArticleU.S. Drought Mirrors World-Wide Shortage of Clean Water
California and much of the Western United States is experiencing historic drought, making headlines—and impacting food price—worldwide. Consequences of the current dire forecast are multiplied by the...
View ArticleIf Fed Printing Beneficial to Main Street, Can It Replace Federal Income Tax?
Federal Reserve Chair Janet L. Yellen spoke today, April 16, at the Economic Club of New York, on monetary policy and the economic“recovery.” As for exactly who is “recovering,” we would expect it is...
View ArticleWho Killed Facebook?
Despite evidence to the contrary—such as 1.28 billion monthly users and a $1.84 billion market valuation as of March 13—online social network Facebook is dying, according to a paper by two Princeton...
View ArticleSomalia Central Bank Whistleblower Raises Curtain on International Cronyism
When highly regarded international banking executive Yusra Abrar was appointed governor of Somalia’s central bank in September 2013, the idea was to install a credible, trustworthy gatekeeper in order...
View ArticleSEC New Moral Watchdog Role Poses Hardship for Companies, People
In 2010, as mandated by the then newly enacted Dodd-Frank Wall Street Reform and Consumer Protection Act, the U.S. Securities and Exchange Commission created a new rule requiring that all companies...
View ArticleThe B.U.S. Takes America for a Ride – Adventures in Central Banking
Here is yet another chapter that was cut from my book. Since this was one of the early chapters it would have been written in 2005 or 2006, but now I have extended it with some updated commentary at...
View ArticleWealth Cycles Video Report – February 2015
Hello and Welcome to the February 2015 edition of the WealthCylces Video Report. The past month was relatively quiet after last month’s shock of the Swiss National Bank de-pegging from the euro, but...
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