banking system

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What To Do With Your Cash?

Is it folly to hold cash right now? Or brilliant?
by Adam Taggart
Saturday, July 22, 2017, 12:19 AM

Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build "dry powder", and wait to re-enter the markets at saner valuations?

If so, you have my sympathies.

The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I'm one of those folks, too. » Read more

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G. Edward Griffin: Exposing The Creature From Jekyll Island

Hard truths from the man who wrote the book on the Fed
by Adam Taggart
Sunday, April 23, 2017, 3:25 PM

G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.

Ed's decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms. » Read more

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Banks Are Evil

It's time to get painfully honest about this
by Adam Taggart
Friday, March 17, 2017, 8:05 PM

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil. » Read more

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Off The Cuff: The World's Banking System Is On The Precipice

It's as vulnerable (or more) as during 2008
by Adam Taggart
Thursday, August 11, 2016, 7:02 PM

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • The World's Baking System Is On The Precipice
    • It's as vulnerable (or more) as during 2008
  • Stocks & Bonds Hit All-Time Highs
    • We're in a chimera market right now
  • Central Control Is Tightening
    • Dissent is being squashed wherever possible
  • Real Wages Are Declining
    • Good luck squashing that dissent when folks can't feed their families...

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

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The Return Of Crisis

Suddenly banks everywhere are in deep, deep trouble
by Chris Martenson
Tuesday, February 9, 2016, 12:28 AM

Financial markets the world over are increasingly chaotic and either retreating or plunging.  Our view is that there’s a gigantic market crash in our future and it’s possible that this has started now. » Read more

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What The Heck Just Happened?!?

Prepare for more bruising days ahead in the markets
by Chris Martenson
Tuesday, August 25, 2015, 12:37 AM

Okay... time to take a deep breath.

Today was an historic market day.  First for the computer driven plunge that was seemingly unstoppable, and then for the heroic rescue that at one point brought the whole mess back to green (Nasdaq) or close to it (S&P and Dow). » Read more

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Nomi Prins: The Sinister Evolution Of Our Modern Banking System

Because we're all about those banks, 'bout those banks...
by Adam Taggart
Saturday, January 31, 2015, 11:06 PM

Today, the 'revolving door' connecting our political and financial systems is evident to anyone with eyes. But this entwined relationship between Washington DC and Wall Street is nothing new, predating even the formation of the Federal Reserve. 

In this well-detailed interview, Nomi Prins goes into depth of the rationale and process behind the creation of the Federal Reserve, and more important, how its mandate -- and the behavior of the banking system overall -- metastasized into the every-banker-for-himself regime of sanctioned theft we now live with. » Read more

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Peak Prosperity

Money Creation: Banks - Crash Course Chapter 7

Get ready for your mind to be repelled
by Adam Taggart
Friday, August 1, 2014, 9:14 PM

Chapter 7 of the Crash Course is now publicly available and ready for watching below.

As a follow-on to the previous chapter explaining the nature of fiat money, this week's video details one of the two methods by which it is created: fractional reserve banking. As John Kenneth Galbraith famously stated "The process by which money is created is so simple the mind is repelled." » Read more

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2013 Year in Review

Austerity is not a policy
by David Collum
Friday, December 20, 2013, 1:36 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. Moreover, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. » Read more

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Bill Black: The Banks Have Blood on Their Hands

And our regulators are too fearful to act
by Adam Taggart
Saturday, July 13, 2013, 9:13 PM

We invited Bill Black to return to explain whether the level of systemic risk due to fraud in our financial markets has improved or worsened since the dire situation he painted for us in early 2012. Sadly, it looks like abuse by the big players has only flourished since then.

In the U.S., our regulators have publicly embraced a "too big to prosecute" doctrine. We are restraining, underfunding, and dismantling regulatory oversight in the interest of short-term stability for the status quo. Which, as a criminologist, Black knows with certainty creates an environment where bad actors will act in their self-interest with assumed (and likely real, at this point) impunity. » Read more