Wall Street



Bill Black: Why The Banksters Are Winning

Without effective prosecution, the banks are untouchable
Sunday, November 1, 2015, 1:42 PM

Bill Black, expert on Wall Street control fraud, returns to discuss the gross abuses of power rampant in our financial, political and judicial systems. In his estimation, regulation and enforcement of financial crimes have been completely gutted and de-fanged -- intentionally by corrupt politicians, and unintentionally by inept ones. All while the Justice Department turns a blind eye. » Read more


Konstantin Sutyagin/Shutterstock

4 Factors Signaling Volatility Will Return With A Vengeance

Buckle up. It's going to get bumpy.
Wednesday, May 20, 2015, 8:43 AM

No one could have predicted the sheer scope of global monetary policy bolstering the private banking and trading system. Yet, here we were - ensconced in the seventh year of capital markets being buoyed by coordinated government and central bank strategies. It’s Keynesianism for Wall Street.

The unprecedented nature of this international effort has provided an illusion of stability, albeit reliant on artificial stimulus to the private sector in the form of cheap money, tempered currency rates (except the dollar - so far) and multi-trillion dollar bond buying programs. It is the most expensive, blatant aid for major financial players ever conceived and executed. But the facade is fading. Even those sustaining this madness, like the IMF, are issuing warnings about increasing volatility. » Read more


Oleksii Sergieiev, Dreamstime

For Heaven's Sake: Hedge!

If you're not positioned defensively by now, you're nuts
Thursday, April 30, 2015, 9:58 PM

Last fall, I wrote an article titled Defying Gravity that warned of the absurd price levels that stocks and bonds had risen to. Less than a month later, the stock market abruptly dropped by 7%. Those who didn't seek safety in advance were left licking their wounds, panicked not knowing if the painful down-draft was over.

So here we are roughly six months later, and the same warning bells are ringing -- just louder this time. » Read more

Featured Discussion

Wall St Bonus Pool Dwarfs All Minimum Wage Earnings

Wall St Bonus Pool Dwarfs All Minimum Wage Earnings

The Wall St bonus pool is 2x what all full-time workers earning the federal minimum wage make



On the Path To War

Putin plays chess, the "markets" play Tic-Tac-Toe
Monday, August 11, 2014, 6:25 PM

The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years.

Out of several reasons that US power brokers specifically -- but western power brokers more generally -- are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve that aim. » Read more


Martin Bangemann | Dreamstime.com

David Stockman: The Collapse of the American Imperium

A perfect storm of policy failures
Sunday, August 3, 2014, 10:47 AM

David Stockman, former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC, The Fed, and Wall Street work and intersect better than he does.

He's extremely concerned by the "perfect storm" he sees of concurrent failures in US policy across foreign, monetary, economic, fiscal fronts: » Read more


Orhan Cam/Shutterstock

The State of the Deep State

The monster in America’s closet
Wednesday, April 30, 2014, 8:43 AM

We’ve been hearing a lot about the so-called Deep State lately. What to make of this shadowy monster? Some observers link it to the paranoid fantasy called the New World Order, a staple of political talk radio (and a hobgoblin I don’t believe in). 

I like to say that I’m allergic to conspiracy theories because human beings are generally too inept to carry out schemes at the grand scale, as well as being poor secret-keepers. Insider knowledge is almost always swapped around, even in secretive organizations, often recklessly so, because doling it out confers status, tactical advantage, and sometimes money for the doler-outer. But the Deep State isn’t a secret. It operates in plain sight. » Read more



Have We Reached Peak Wall Street?

An argument its dominance is in decline
Monday, March 31, 2014, 6:14 PM

Though the mainstream financial media and the blogosphere differ radically on their forecasts—the MFM sees near-zero systemic risk while the alternative media sees a critical confluence of it—they agree on one thing: the Federal Reserve and the “too big to fail” (TBTF) Wall Street banks have their hands on the political and financial tiller of the nation, and nothing will dislodge their dominance.

But what id Wall Street’s power has peaked and is about to be challenged by forces that it has never faced before? Put another way,what if the power of Wall Street has reached a systemic extreme where a decline or reversal is inevitable? » Read more


The Implications of a 'War of Elites'

Will we be collateral damage?
Monday, March 31, 2014, 6:14 PM

Executive Summary

  • The Deep State, and its dawning realization that Wall Street is a foe vs an ally
  • Why Wall Street's threat to the dollar hegemony is of such concern
  • History gives us many examples to predict a 'war of elites' (e.g. Wall Street vs the Deep State) is highly likely
  • Who will lose? And what implications will it have for the rest of us?

If you have not yet read Have We Reached Peak Wall Street?, available free to all readers, please click here to read it first.

In Part 1, I sketched out why the financial sector—the Fed, Wall Street and “too big to fail” banks—pose a strategic threat to the nation, as their policies threaten one key foundation of American pre-eminence, the U.S. dollar.   Should money and credit creation cause the dollar to lose its reserve status, the nation would lose the fundamental advantages that go with being able to print a reserve currency.

I then suggested that the Deep State might eventually wake up to the strategic threat posed by a self-serving financial sector, and this would lead to a showdown between the financial Elites and the Deep State.

The Systems-Level view: the S-Curve works on Wall Street, too

Long-time readers know that I often refer to systems-level dynamics, one of which is the S-Curve, which traces the rise, maturation and decline/crash of systems both natural and human-designed. An astonishing array of systems has been found to follow an s-curve, from the spread of infectious diseases to financial bubbles.

Why would Wall Street be uniquely immune to these systemic forces? I submit that Wall Street’s power has topped out and is about to decline precipitously, just like any other system which has over-reached by sucking its habitat dry.

I think we can chart Wall Street’s S-Curve thusly... » Read more



Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street

Better returns, stronger communities
Sunday, March 23, 2014, 5:01 AM

The Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.

But, as has been often discussed here, are we really better off for it?

Recent survey data from Bloomberg show that 4 out of 5 Americans don't feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction: » Read more