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Big banks flag dangers of financial bubble in oil and commodities – Ambrose Evans-Pritchard

The big global banks have begun to warn clients that the blistering rally in oil and industrial commodities in recent weeks has run far ahead of economic reality, raising the risk of a fresh slump in prices over the summer. Barclays, Morgan Stanley and Deutsche Bank have all issued reports advising investors to tread carefully as energy and base metals …

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 …

Our Own Health or Our Ecosystem? – J. Morris Hicks

My guess is that most people would answer that “our own health” is most important. Not because they’re selfish or uncaring about the environment, but because they probably don’t know what’s at stake should our ecosystem no longer be able to sustain us. And they don’t know the most powerful action we can take to promote ecological health. My answer …

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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 …