Goldman, Bank Of America Made Hundreds Of Millions From Texas Blackouts
By Tyler Durden Who needs Enron when you have taxpayer-backed “banks.” Whereas 20 years ago, it was Enron that made billions from the California electricity…
Banking
The Global Financial Endgame in Fourteen Points
By Charles Hugh Smith The over-indebted, overcapacity global economy can only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral….
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
By Kevin Helms Banks in Germany are reportedly turning away customer deposits due to the negative interest rate imposed on them by the European Central…
Fed Investigating Massive Outage Of Its Interbank Payment System
By Tyler Durden The Federal Reserve’s critical system for interbank payments which serves as the backbone of virtually all money transfers in the US, went…
Central Banking and the Heavy Hand of the State
By Alexander William Salter The evolution of the banking system, as I previously described it, was “ideal-typical.” The description’s purpose was to get at the…
Bitcoin Hits Record Highs As JPMorgan Co-President Admits “We’ll Have To Be Involved”
By Tyler Durden Well this is a little awkward… Four years since Jamie Dimon famously proclaimed that “bitcoin is a fraud”, “will eventually blow up”,…
America’s Oldest Bank Adopts Cryptocurrencies, Will Treat Bitcoin “As Any Other Asset”
By Tyler Durden The oldest bank in America will now be storing Bitcoin on behalf of its asset-management clients, according to the Wall Street Journal. “Digital…
IMF Wants to Use “digital footprint of customers’ … online activities” to Assess Creditworthiness
By Robert Wheeler For years, researchers have warned of a system in which the government controls every aspect of its citizens’ lives. Every citizen would…
How Safe Are Your Financial Records? BofA Helped Feds Investigate D.C. Riots
By Robert Wheeler A recent Tucker Carlson report should remind American citizens just how far down the rabbit hole of tyranny and surveillance their government…
Guess Which Side The Corporate Media Is Taking In The GameStop Story…
By Michael Snyder You would think that a plucky group of Internet rebels standing up to a bunch of notorious hedge funds and short sellers…
State Legislatures Eye Sound Money Reforms
By Jp Cortez More state lawmakers than ever are introducing sound money legislation in the opening days of the 2021 legislative session. Several states will…
Government’s Money Monopoly and the “Great Reset”
By Thorsten Polleit The unbacked paper money system is an economically and socially destructive system—with far-reaching and harmful economic and social consequences beyond what most…
Your Face Is Set To Replace Your Bank Card
Facial recognition is getting deeply embedded into consumer services where payment is required, eliminating the use of physical payment cards. While convenient for users, the…
The Case for Decentralizing Monetary Policy
By Ethan Yang Money for much of history has been something closely regulated by the state and today that trend has been steadily increasing. Whether…