Economic Update – Public Service vs Private Profit – 12.24.17

Updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell’s over-reach, why regulations are never enough, and corporate criminality. Interview with David Jette about public vs private banking. Download this episode (right click and save)


Leid Stories—Twisted Philanthropy: Q&A on the Clinton Foundation—11.07.17

The Clinton Foundation and its principals are about to come under even heavier fire as Nov. 15 looms before them. It’s their final deadline to submit to the IRS a mountain of missing paperwork, reports and documentation for how they ran their multi-million-dollar global nonprofit. Charles Ortel is a retired Wall Street banker turned financial investigator whose self-initiated investigation proved that several Wall Street-traded companies …


Alternative Visions – Why QE Policy is ‘Dead and Dying’ and ‘Helicopter Money’ Is An Alternative – 08.05.16

Jack Rasmus explains why all economic indicators for the US economy are ‘flashing red’ except for consumer spending, driven mostly by surging household debt again in credit cards, mortgages, auto loans and student loans. Meanwhile, 7 years of continued low interest rates created by the Federal Reserve (and other central banks) are creating a crisis in pensions, insurance, and sectors …


Bernanke’s Former Advisor: “People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned”

With every passing day, the Fed is slowly but surely losing the game. Only it is not just former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to boost the global economy, even if they still have sway over capital markets. What is far more insidious to the Fed’s waning credibility is when former economists affiliated …


Larry Elliott – 2016 will be a year of living dangerously for the global economy

Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly. So it is with both humility and trepidation that I will try to fulfil a promise made last week and make predictions for what is going …


Carey Wedler – 75% Of High School Seniors On Heroin Started With Prescription Painkillers

A preliminary analysis has concluded that over 75 percent of high school students who use heroin previously used prescription painkillers. The study’s authors implicated not only pharmaceutical opioids, but the nature of drug education in the United States, suggesting students do not trust institutional calls to refrain from drug use. Though the findings come with limitations, they further highlight the nation’s persistent, …


David Haggith – Epocalypse Soon: The Great Economic Collapse is Happening

I use the term “epocalypse” to name the last days of the global economy as we know it — a global economic collapse of biblical proportion. It is economic, epochal, an apocalypse that will change the world and a collapse ” all in one word that sounds the right size for what I’m talking about. Call it the “Great Collapse” …


Yves Smith – Bernanke’s Cockroaches

Yet again, the long-suffering public is subjected to what passes for a leader during the crisis engaging in image-burnishing, in this case, Bernanke via an interview with the Financial Times: Ben Bernanke attacks Congress for failing to foster US rebound. The former Fed chairman is getting a round of media hype attention due to the publication of his memoirs. It may seem like …


Mike Whitney – Markets Gone Mad

Imagine your doctor put you on a daily dose of oxycontin, phenobarbital and Quaaludes for six years straight. Then he suddenly cancelled your prescription. Do you think your behavior might become a bit erratic? This is what’s going on with the stock market. It’s trying to shake off six years of overmedication brought on by the Fed’s zero rates and …