banking system

Podcast

AFP.com

Bartlett Naylor: The Banks Are Becoming Untouchable Again

Regulations? We don't need no stinking regulations!
Monday, June 4, 2018, 2:19 PM

When the dust settled after the Great Financial Crisis, we learned that the big banks had behaved in overtly criminal ways. Yet none of their executives would be held criminally accountable. 

And while legislation was passed in the aftermath to place restrictions on the 'Too Big To Jail/Fail' banks, it was heavily watered down and has been under attack by finanical system lobbyists ever since. » Read more

Podcast

Who is Danny/Shutterstock

Daniel Nevins: Economics for Independent Thinkers

It's time we stop trusting the 'experts'
Wednesday, February 28, 2018, 6:03 PM

Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively -- right?

Well, even though that's what most people expect from economists, it's not at all how they see their role, warns CFA and and behavioral economist Daniel Nevins.

In short, they are the wrong people to advise us, Nevins claims, as they have no clue how the imperfect world we live in actually works.

 
Blog

What To Do With Your Cash?

Is it folly to hold cash right now? Or brilliant?
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

Podcast

Rob Crandall/Shutterstock

G. Edward Griffin: Exposing The Creature From Jekyll Island

Hard truths from the man who wrote the book on the Fed
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

Blog

Barandash Karandashich/Shutterstock

Banks Are Evil

It's time to get painfully honest about this
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

Insider

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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
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

Blog

The Return Of Crisis

Suddenly banks everywhere are in deep, deep trouble
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

Insider

morrison77/Shutterstock

What The Heck Just Happened?!?

Prepare for more bruising days ahead in the markets
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

Podcast

It's A Wonderful Life/Paramount

Nomi Prins: The Sinister Evolution Of Our Modern Banking System

Because we're all about those banks, 'bout those banks...
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

Blog

Peak Prosperity

Money Creation: Banks - Crash Course Chapter 7

Get ready for your mind to be repelled
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