Sir Josiah Stamp, president of the Rothschild Bank of England and the second richest man in Britain in the 1920s, said the following in 1927 at the University of Texas: “The modern banking system manufactures money out of nothing. The process is ...

US doesn't raise rates so China drops theirs - Brilliant! This global economy thing is working out so well for the human race that I just can't find words to express how truly wonderful it is. (puke)

"This U.S. Recovery Really Is Different" No kidding. It really is different this time (smirk) url

In addition to reviewing the history of the Weimar Republic's failed currency, which had a U.S. dollar exchange rate of 4.2 trillion marks in 1923, perhaps Draghi should read this: Genesis Chapter 47 14 And Joseph gathered up all the money that was ...

So let me see if I have this sorted. The commander and chief of Europe has sought the backing of the European Court of Justice for his 2012 bond-buying plan (to force European citizens to eat their own seed corn and charge them interest for the ...

Agree, if I were a client of Suxo Bank I would close my accounts there.

I find it appalling that none of these immoral narcissistic megalomaniacs are given long prison sentences. Instead the banks they work for are given a paltry fine. $5.8 billion is chump change in today's financial market. The FOREX market trades as ...

"The fundamental problem underlying Greece’s economic crisis is a Greek problem: the country’s deep-rooted unwillingness to modernize." Remember this quote? "Give me control of a nation's money and I care not who makes the laws.“ — Mayer Amschel ...

Really? (Rank Sarcasm) Second Best Leader? And how much value has the Euro lost over the last year? Hmm... And was Mario DragQueen, looks like the Grinch, elected to this position by the Europeans? He controls the the European Union's finances and ...

Hmm... lets see. Switzerland remains a neutral country through world wars and becomes one of the banking centers of the world. They become well known and respected for their discretion and privacy. Then suddenly they divulge their US clients to the ...

Actually, I think he gets his LSD from Haight-Ashbury. As irongoose said, "To a US citizen this is false and the jobless rate is still very high because the figures for counting the jobless are fudged." williams is a central banker and in case you ...

And lets not forget to thank barney frank and chris dodd, congress and the senate for passing the dodd - frank act of 2010 into law. And aren't they clever with their name choice 'Wall Street Reform and Consumer Protection Act' (puke) dodd and frank ...

The sad thing is, even with an agreement, Greece is still broke and the Euro is still a failed currency - like Dollar and Yen. The letter stunt was a good ploy to fleece those who were short. The agreement is just another excuse to turn on the ...

GS: "In Japan, our resident Economics Team expects extensions in the quantitative and qualitative monetary easing scheme to be announced not on this occasion, but at the December meeting."

Probably because the bankers there wanted to make sure all their friends were able to get into short positions first (smirk).

Schiff was absolutely right about the real estate bubble and the stock market crash in 2008. He would have been right about gold and silver etc. but who in their right mind could have foreseen the ridiculous amount of money the Fed would create from ...