Archive for the 'Elite' Category
The Desperate Final Hours of the World’s Biggest Ever Financial Fraud
December 15th, 2008UPDATE: Madoff Claims to Have Acted Alone Impossible. It’s like I said when the news first broke. He’s trying to stay alive. This one goes all the way up the ladder. One wrong word and he’s dead, his family is dead, etc. He knows it. He’s sticking to a script. For the first time, I’m […]
Obama’s Economic Team Planning for Global Economic Collapse
December 13th, 2008“There’s going to be a crisis come along on the 21st or 22nd of January that we don’t even know about right now.” —Colin Powell, October 2008 Mmm hmm. Via: The Atlantic: It’s quite unsettling to talk to members of Barack Obama’s transition teams these days, especially those who are helping with the economics portfolio. […]
Fed Refuses to Disclose Recipients of $2 Trillion in Lending
December 12th, 2008Well, any guesses as to where this $2 trillion went!? Via: Bloomberg: The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom […]
Former Chairman of the Nasdaq Stock Market Ran $50 Billion Hedge Fund as Ponzi Scheme
December 12th, 2008I couldn’t make it up. I routinely use the term Ponzi Scheme to describe financial matters, but this one takes the cake for sure. How many more hedge funds are Ponzi Schemes? I know. I know. The peanut gallery will howl, “All of them.” Seriously, how many of them are no shit, top to bottom, […]
Financial Times: “And Now for a World Government”
December 9th, 2008Via: Financial Times: I have never believed that there is a secret United Nations plot to take over the US. I have never seen black helicopters hovering in the sky above Montana. But, for the first time in my life, I think the formation of some sort of world government is plausible. A “world government” […]
Change: Right-Wingers and Neocons Love Obama’s Cabinet Appointments
December 3rd, 2008Here’s one for your I-Only-Told-You-So-About-10,000-Times file folder. Via: Alternet: As Barack Obama’s opus, Team of Rivals, continues its rolling debut, the early reviews are in and the “critics” are full of praise for the cast: “[T]he new administration is off to a good start.” — Senate Republican leader, Mitch McConnell. “[S]uperb … the best of […]
UK ‘Closer’ to Adopting the Euro
December 1st, 2008What did the most important and influential journal of International Relations in the world just say about the U.S. Dollar and the global economy? In summary: The U.S. dollar is an ‘absurdity’ and the only way to stave off a global disaster is for most countries to join one of three global currencies, based loosely […]
Obama and McCain Teams Worked on Appointee List Together
November 25th, 2008Via: Washington Note: A senior Obama campaign official shared with The Washington Note that in July 2008, the McCain and Obama camps began to work secretly behind the scenes to assemble large rosters of potential personnel for the administration that only one of the candidates would lead. Lists comprised of Democrats and Republicans were assembled, […]
Change: Timothy Geithner, (Fed, IMF, Kissinger Associates, CFR, BIS) Nominated for U.S. Treasury Secretary
November 24th, 2008This is Geithner’s bio from the New York Fed. I’ve emphasized a few little mom and pop outfits that any agent of Change/Hope would obviously be involved with. By some miracle, though, he’s not a former CEO of Goldman Sachs!* *But read the Bloomberg piece below.: Timothy F. Geithner became the ninth president and chief […]
Statement From G-20 Summit: In English
November 20th, 2008Via: Solari: The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement: 1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private financial […]
