The ‘monarchs of money’ and the war on savers
By Neil Macdonald | CBC Quietly, without much public fuss or discussion, a new ruling class has risen in the richer nations. These men and women are unelected and tend to shun the publicity hogged by the politicians with whom they co-exist. They are the world’s central bankers. Every six weeks or so, they gather [...]
Read More →Banking with a gun to your head
By Jim Jones | Pravda.ru When I was young, I believed I had all the answers – oh the arrogance of youth! Now as I am older, I realise I have more questions than answers and am aware of just how little I actually do know. This and the realisation of my own mortality, drives [...]
Read More →Jaw-Dropping Crimes of the Big Banks
WashingtonsBlog Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of the improprieties by big banks: Funding [...]
Read More →Unpunished and unreformed, the bankers have got away with it
By Phillip Inman | The Guardian Punishing the bankers who brought on the financial crisis has proved distressingly difficult. None have gone to jail. A few young traders, who hid their post-crash losses and thereby stole from the banks, are behind bars. The rest are untouched by the tragedy. It’s true that a handful fall into the [...]
Read More →Banking elite turns its back on demand for regulation
By Bill Benfield | Morning Star Leading world bankers at the annual World Economic Forum beano closed ranks today in the face of outside demands to regulate their industry. Bankers have been widely and accurately blamed for the financial crisis that has damaged economies across the world. But JP Morgan chairman Jamie Dimon insisted: “We’re [...]
Read More →How Bankers Help Drug Traffickers and Terrorists
By Robert Mazur | NY Times Last month, HSBC admitted in court pleadings that it had allowed big Mexican and Colombian drug cartels to launder at least $881 million. The bank also admitted to using various schemes to move hundreds of millions of dollars to nations subject to trade sanctions, including Iran, Cuba and Sudan, in [...]
Read More →Finally, a Few Bankers Face Criminal Prosecutions for Conspiracy
By Danny Schechter | The Epoch Times When most mainstream media outlets discuss conspiracy theories, it is usually to debunk the views of dissenting and critical thinkers who are routinely denounced as simplistic, paranoid, or worse. You have frequently seen the mantra questioning their motives and conclusions as if the idea of people or officials [...]
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