The Hidden Alliances that Drive American Power
The big banks can not survive without constant financial aid from the Fed. A banking crisis is eminent and the public will be on the hook. The taxpayers will be paying for this when the economy crashes and the house of cards comes falling down. It’s not a question of if, but a question of when. The facade of economic stability continues forward.
Nomi Prins, author of All the Presidents’ Bankers
“The big six banks’ stocks are outperforming the rise in the stock market generally, by ten times.”
The story of gravitas is how the Fed keeps pumping money into the big six mega banks. The stock market has done well lately, especially since the Fed keeps artificially pumping liquidity into the system. This is not capitalism and there’s every indication that the whole system is nothing but a fraudulent ponzi scheme.
You probably won’t be hearing this kind of talk on corporate television though. The banks are protecting themselves via the Federal Reserve and in the process protecting the perception of the U.S. dollar, known as holding worldwide currency status.
Nomi also claims that the bigger the bank, the more financial support the bank receives. This means bigger subsidies, which would lead us to believe that the too-big-to-fail banks are doing fantastic. However, Nomi said these big banks are on the verge of collapse. Once again, they are in big trouble. Pay close attention in the following months to come.
Sure enough, this banking cartel system on steroids will probably go begging for another bailout of some kind. Until then, it’s more of the same.
Fed Create Jobs Myth
The employment buzz words echoed by corporate media is just another way to engender the mythology of “loans creating jobs” and this is a phony gesture. Since when did the Federal Reserve ever care about creating new jobs? If this was truly the case, we would have more jobs than any nation in the world. Look out for the next jobs report…
Wait for it… Jobless drop will force Fed to more ‘traditional’ policy: Bullard …
As Greg mentions in the interview, the sequestration is merely a front to cover up the real scenario; that some banks are getting $40 million a month! Which banks?
All the Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history. The book is scheduled to come out on April 8, 2014. Nomi used to work on Wall Street herself, so she had a front row seat in the financial empire.
