“A person under surveillance is no longer free; a society under surveillance is no longer a democracy.”
In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis.
There's Always Been Some Corruption in the U.S. ... But Never Like THIS
The police state is about to pass the baton to the surveillance state.
“The ultimate goal of the NSA is total population control.” - William Binney, NSA whistleblower
The global Central Banks, driven by their Keynesian lunacy, have induced the single largest misallocation of capital in history.
"It’s not fair to the American people who work for a living that one day they can knock on the door, walk in their businesses, and say, ‘We just took your money’... I always thought your money was safe in the bank, but I wouldn’t say that now."
Neither would we!
In the coming months, however many hours Clinton spends introducing herself to voters in small-town America, she will spend hundreds more raising money in four-star hotels and multimillion-dollar homes around the nation. The question is: "Can Clinton claim to stand for 'everyday Americans,' while hauling in huge sums of cash from the very wealthiest of us?" This much cannot be disputed: Clinton's connections to the financiers and bankers of this country - and this country's campaigns - run deep. As Nomi Prins questions, who counts more to such a candidate, the person you met over that chicken burrito bowl or the Citigroup partner you met over crudités and caviar?
Systematic Corruption Has Metastasized throughout the U.S. ... Making Our Once-Great Nation Deathly Ill
- Fed’s Yellen: Stock Valuations ‘Generally Are Quite High’ (WSJ)
- Britain's dead-heat election 'down to the wire' on polling day (Reuters)
- European Markets Roiled by U.S. Fed Chief Janet Yellen’s Comments (WSJ)
- Stocks Drop With German Bonds to Extend $2 Trillion Global Loss (BBG)
- Oil heads toward 2015 highs despite ample supply (Reuters)
- Wary of bond 'cliff,' Fed plans cautious cuts to portfolio (Reuters)
- Saudi Arabia mulling land operations on Yemen border (Reuters)
It feels like not a single soul is worried about the increasing amount of negative interest rates around the world. Ignorance or indifference?
“Within just minutes of listing the open position on our jobs page, the flood of applications from treasury.gov email addresses started rolling in, and it hasn’t slowed down since,”
We need to consider the Cyprus “bail-in” and its implications. The reason for this is that this tiny country has provided the world with a template of what is eventually going to be a global phenomenon.
At the New York Fed’s evocatively named workshop, “Chapter 9 and Alternatives for Distressed Municipalities and States.”
True, the world faces issues today… so it’s not odd for bond yields to be lower… but are those issues on par with a disease that wiped out 25%+ of Europe’s population… or the single largest military conflict in history?
GE’s announcement that its getting out of the finance business should be a reminder of how crony capitalism is corrupting and debilitating the American economy. The ostensible reason the company is unceremoniously dumping its 25-year long build-up of the GE Capital mega-bank is that it doesn’t want to be regulated by Washington as a systematically important financial institution under Dodd-Frank. Oh, and that its core industrial businesses have better prospects. We will see soon enough about its oilfield equipment and wind turbine business, or indeed all of its capital goods oriented businesses in a radically deflationary world drowning in excess capacity. But at least you can say good riddance to GE Capital because it was based on a phony business model that was actually a menace to free market capitalism. Its deplorable raid on the public purse during the Lehman crisis had already demonstrated that in spades.