Graphic: Largest Financial Scam in History – Libor, Wall Street, the Federal Reserve & You
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Michel Bauwens: Video of the Day – Dirk Bezemer on Creating a Socially Useful Financial System
Video of the Day: Dirk Bezemer on Creating a Socially Useful Financial System Most of our credit system does not support economic growth in the sense of supporting transactions in goods and services,” he explains. “Most of our finance system, most bank loans, support increased asset prices, which have a number of detrimental effects on …
William Pfaff: Financial Oligarchy Buries Constitution Democracy in USA
Rise of the Managerial Class Posted on Jun 19, 2012 By William Pfaff At a time when corporate America is exploring and exploiting its new Supreme-Court-bestowed role in the management of American election results, an earlier transformation in the composition and political role of American business leadership should be recalled. This was the replacement of the Gilded …
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Winslow Wheeler: Marine Aviation in the Toilet (Ethically, Technically, & Financially)
Last week I circulated a piece discusing an eight page advertising special in The Washington Post, paid for by Lockheed-Martin and Boeing (and a credit union). The huge ad commemorated the 100th anniversary of Marine Corps aviation. (My piece with a link to the advertisement is at the end of this message.) In the special …
Review (Guest): Conversations with Wall Street – The Inside Story of the Financial Armageddon & How To Prevent the Next One
Peter Ressler, Monika Mitchell 5 Stars Co-authors Peter Ressler and Monika Mitchell have been 20-year Wall Street insiders as partners in an executive search firm. Their book is a page-turning account of the 2007-8 meltdown and continuing unsolved issues that will inevitably lead to the next crises. Woven throughout their analysis are conversations with dozens …
Mini-Me: Geithner’s Fingerprints? Tungsten Gold Bar in UK + Meta-RECAP on Financial Fraud
Huh? Tungsten-Filled 1 Kilo Gold Bar Found In The UK The last time a story of Tungsten-filled gold appeared on the scene was just two years ago, and involved a 500 gram bar of gold full of tungsten, at the W.C. Heraeus foundry, the world’s largest metal refiner and fabricator. It also became known that said …
Berto Jongman: Mathematics < Integrity = Financial Fraud
The mathematical equation that caused the banks to crash The Black-Scholes equation was the mathematical justification for the trading that plunged the world’s banks into catastrophe Ian Stewart The Observer, 11 February 2012 EXTRACT: The equation itself wasn’t the real problem. It was useful, it was precise, and its limitations were clearly stated. It provided …
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