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It’s Our Money with Ellen Brown – The Coming Revolution in Banking and How Banking Really Works Now – 09.13.17

  Crypto currencies will likely change the future of banking in transformative ways, and there’s even a chance that it could help democratize citizen’s control of their money. Ellen is just completing a book on the subject and discusses how technology is changing the banking landscape. Meanwhile, we welcome noted economist Michael Hudson to the show to disclose in no …

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Alternative Visions – Review of Political Events of 2016 and Political Predictions 2017 – 01.06.16

Complimenting last week show’s review of key economic events of 2016 and economic predictions for 2017, Rasmus provides a similar overview of key political events in 2016, their likely continuing impact into this year, and his political predictions for 2017. Discussion includes the Trump victory in 2016 and the Democratic Party’s corresponding implosion at national, state and local levels. Rasmus predicts Trump quick legislative successes passing multi-trillion dollar corporate-investor tax cuts, gutting Obamacare, and repealing Dodd-Frank. On foreign policy, Jack predicts a deal with Russia over Syria, a continuing Trump ‘hard pivot’ to China already underway, a shift in US policy to allow Japan to remilitarize, and new US initiatives toward Taiwan, South Korea, Philippines and Australia as Trump attempts to ‘soften up’ China before engaging in bilateral renegotiation of the US-China relationship. Europe and Latin America key events in 2016 are reviewed, including Brexit, the Italian Referendum, and US-assisted legal coup d-etats in Argentina, Brazil, and efforts to destabilize Venezuela. Jack predicts elections in France, Netherlands, and Italy next year, and a renewed Greek debt crisis, will further destabilize Europe politically. Anti-US and Europe sentiment in Turkey could result in resumption of mass immigration. A National Front party victory in France will ensure the unraveling of Europe. Jack further predicts Trump will go slow on NAFTA and TPP and shift to negotiating bilateral free trade deals, go slow on the Iran treaty and strike a ‘deal’ on east Europe (including Ukraine) with Russia. Immigration policy will begin deporting millions, and a crackdown on civil liberties will result in more intense police action against protestors like Black Lives Matter and Standing Rock. The feud between Trump and the US mainstream media (Times and Post) will continue, as the latter continue to build a case against Trump in the longer run.

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KENNETH J. SALTMAN – Wall Street’s Latest Public Sector Rip-Off: Five Myths About Pay for Success

Investment banks such as Goldman Sachs, Bank of America, and J.P. Morgan, philanthropies such as the Rockefeller Foundation, politicians such as Chicago Mayor Rahm Emanuel and Massachusetts former governor and now Bain Capital Managing Director Deval Patrick, and elite universities such as Harvard have been aggressively promoting Pay for Success (also known as Social Impact Bonds) as a solution to …

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MIKE WHITNEY – Wall Street’s Savage Reckoning: Clouds Gather Over G-20 Summit

Finance ministers and central bankers from the world’s biggest economies met in Shanghai, China over the weekend to discuss many of the problems for which they alone are responsible. Leading the list of issues, was the steady deceleration in global growth which, to great extent, is the result of experimental monetary policies central banks implemented following the recession in 2009. …

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Richard Smith – Anyone Want to Buy Deutsche Bank?

Serial capital raiser Deutsche Bank (which tapped the markets first here in 2008 and then, oopsie, we’re still a little bit short of the readies again here in 2014) is telling anyone who’ll listen that it really doesn’t need any more capital. But who knows? Over to Deutsche’s regional head of Group Audit: Mr Roesch, the regional head of Group Audit, set out, in an …

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RALPH NADER – Hillary Clinton should tell the people what she said in her private speeches

Last month as Hillary Clinton was leaving a town meeting in Manchester, Lee Fang of the Intercept asked her if she would release the transcripts of her paid, and very private speeches to Goldman Sachs, the Wall Street powerhouse historically deep in Washington, D.C., influence-peddling. Mrs. Clinton just laughed. It is probably a good bet that her laugh was masking …

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Ariel Noyola Rodríguez – Where will the Next Global Economic Crisis Explode? Colossal Stock Market Losses in 2016

The year 2016 has hardly begun and the losses in different stock markets around the world care colossal: nearly 8 trillion US dollars during the first three weeks of January according to the calculations of the Bank of America Merrill Lynch. The Government of the United States made addicts of investment banks of policies of cheap credit. And now that …

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BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers In Human History

 Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system. A new note from Francisco Blanch at Bank of America Merrill Lynch, however, …

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Ian Sample – Stephen Hawkings: Most threats to humans come from science and technology, warns Hawking

The human race faces one its most dangerous centuries yet as progress in science and technology becomes an ever greater threat to our existence, Stephen Hawking warns. The chances of disaster on planet Earth will rise to a near certainty in the next one to ten thousand years, the eminent cosmologist said, but it will take more than a century …