Category: Finance

Back to Mesopotamia by the way of Cyprus

In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September 2011 it was argued that, while inflation is the unstated and preferred "solution" to the present debt crisis in the western societies, for a variety of reasons, among them the deleveraging pressure, low demand for credit and potential … Continue reading Back to Mesopotamia by the way of Cyprus →

TYR reads “… a de facto coup d’état by Wall Street”

David Stockman On "The Great Deformation" And The US Treasury As "The M&A Department Of Goldman Sachs" @ Zerohedge Zerohedge publishes this excerpt from David Stockman's upcoming book The Great Deformation: The Corruption Of Capitalism In America David Alan Stockman (born November 10, 1946) is a former U.S. politician and businessman, serving as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of … Continue reading TYR reads “… a de facto coup d’état by Wall Street” →

TYR 10 March 2013 reads “Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite”

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite @ The Economic Collapse "The Dow is at a record high and so are corporate profits - so why does it feel like most of the country is deeply suffering right now?  Real household income is the lowest that it has … Continue reading TYR 10 March 2013 reads “Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite” →

Bernanke & Hockey Stick Inflation

Yesterday, in his biannual testimony to the USA Congress, the president of the Federal Reserve, Ben Bernanke, asserted that inflation under his and Mr. Greenspan's mandate was no more than 2% a year. While this might be "true" using Bureau of Labor Statistics (BLS) data, please check ShadowStats for a true picture of inflation in … Continue reading Bernanke & Hockey Stick Inflation →

“…too big to fail has become too big for trial”

USA Senator Elizabeth Warren  at her first Senate banking committee hearing: "...tell me a little bit about the last time you've taken the biggest financial institutions on Wall Street all the way to trial. Anybody?" Check the answers in the video. "You know, I just want to note on this. There are district attorneys and U.S. attorneys … Continue reading “…too big to fail has become too big for trial” →

TYR February 13 2013 reads: Greece imploding

While financial markets continue their upward march, sustained and pushed by unprecedented money creation by most of the western world's central banks, under the surface, Greece's economy continues in free fall. Professionals increasingly failing to pay their tax dues @ Ekathimerini "More and more professionals are withholding value-added tax from the authorities in a bid to … Continue reading TYR February 13 2013 reads: Greece imploding →

24 January 2013 TYR reads: Apparitions in the Fog

Apparitions in the Fog @ The Burning Platform In this apocalyptic article, Jim Quinn exposes the foundations of the present economic "system". With the assistance of a series of charts, it is convincingly argued that: the economic recovery is a mirage, that the middle class is being destroyed in the USA, and by extension in the … Continue reading 24 January 2013 TYR reads: Apparitions in the Fog →

TYR 14 January 2013 reads: The Neoliberal Financial Skim

The Neoliberal Financial Skim @ Of Two Minds describes in 5 simple graphs how "the perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State". And how "the Central Bank and State protect the financial sector's vast skim of the national income with a combination of toothless regulations and … Continue reading TYR 14 January 2013 reads: The Neoliberal Financial Skim →