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Tag Archives: Headlines

Senator Bernie Sanders Interviews Nomi Prins

Watch Senator Bernie Sanders (D. Vermont), candidate for the Democratic nomination for the 2016 U.S. presidential election, interview Nomi Prins, frequent Keiser Report guest and author of It Takes a Pillage and All the Presidents’ Bankers. The interview is as relevant today as it was when it took place on November 16, 2009: You can view the complete hour long interview here. See also: Nomi Prins’s review of Janet Tavakoli’s Decisions: Life and Death on Wall Street.

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Bubble Finance And A Tale Of Two Spheres

Submitted by Doug Noland's Credit Bubble Bulletin, In a tiny subsection of the analytical world, analysis is becoming more pointed and poignant. I appreciate Bill Gross’s August commentary, where he concluded: “Say a little prayer that the BIS, yours truly, and a growing cast of contrarians, such as Jim Bianco and CNBC’s Rick Santelli, can convince the establishment that their world has changed.” I’ll include the names Russell Napier, Albert Edwards and David Stockman as serious analysts...

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The Cost of Stagnation: We’re Living in Limbo

The idea that human life subdivides rather naturally into stages is based on our natural progression from childhood into adulthood and eventual (if we’re lucky) old age. Confucian thought views life as a developmental process with seven stages, each roughly corresponding to a decade: childhood, young adulthood (16-30), age of independence (30-39), age of mental independence (40-49), age of spiritual maturity (50-59), age of acceptance (60-69), and age of unification (70 – end of...

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Revolving Door on Steroids – New Bank of England Policymaker Allowed to Retain Financial Interest in Hedge Fund

A major reason Vlieghe was not required to fully sever his ties with Brevan Howard was that the partnership — unlike company shares — is an illiquid asset that cannot be sold, the person familiar with the arrangement said. So perhaps you don’t hire the guy. After all, lowering interest rates, buying financial assets, and funneling trillions to oligarchs doesn’t really take that much skill. It merely requires a complete lack of conscience and a tendency towards sociopathy. Then again, I’m...

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The Greek Coup: Liquidity as a Weapon of Coercion

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.”                                                                                                                                                 — The Godfather (1972) In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking...

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