2012 Kennedy Center Honors Gala Dinner

The Clintons and Their Banker Friends – By Nomi Prins

[This piece has been adapted and updated by Nomi Prins from chapters 18 and 19 of her book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, just out in paperback (Nation Books).] The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway …

More Nails in the Coffin of the Middle Class: 5 Things That Could Make Life Even Worse for Most Americans – Alex Henderson

If trickle-down economics were anything other than a cruel deception, the United States’ embattled working class would have many reasons to join Wall Street in singing “Happy Days Are Here Again.” Giant megabanks have been reporting huge profits for 2015’s first quarter, including $5.91 billion [3] at JPMorgan Chase (the largest bank in the country) and $5.8 billion at Wells Fargo. But trickle-down …

toobigtofail (1)

The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives

The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment.  When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States.  During the last financial crisis, our politicians promised us that they …

psychologists

Psychologist studies the emotional disconnect between our present and future selves

A UCLA social psychologist has found that we think of future selves as different people, which could explain why many of us don’t save enough for retirement. So Merrill Lynch, for one, has launched a web feature which “ages” your photo as you ponder how much to save. Credit: iStock A UCLA social psychologist has found that we think of …

hillary clinton

There’s a Reason the Big Banks Aren’t Mad with Hillary

The Banks are hopping mad at Elizabeth Warren.  So mad, they’re threatening to stop contributing money to the Democrats unless she stops being so … so … accurate in her criticisms. Translated, this means they realize she can’t be bought.  Small wonder – Warren has been outspoken, plainspoken and passionate on where she stands on the economic issues of the day, which, …

Ayn_Rand1

Public Banking: Ayn Rand’s Worst Nightmare

A few weeks ago a Colorado grassroots group, Be the Change, of which I am a board member, sponsored an all -day conference on public banking.   I know, it sounds like the equivalent of an all- day climate debate between aging Republican Senators, but the public banking concept may have some value, it might even surprise you.  Indeed, it …

middle class extinction

The Great Middle Class Extinction: “95% of New Homes Built for Rich or Poor”

It was the best of times, it was the worst of times all over again. “Since 2000, 95 percent of new households in King County have been either rich or poor. A mere 5 percent could be considered middle income.” That is a statistic reportedly true of Seattle – the heart of King County in Washington state – but which …