Institutional corruption and distrust is raging like a blazing inferno.
Then the institutions react in predictable fashion…
In the journal of the Truth Seeker the last entry read:
“One corporation literally changed the world with technologies preventing disasters, poverty, and providing life-enhancement technology”…
Today a friend asked me:
“Who do you follow for economic info that is TRUSTWORTHY??”
I think the question is very important, therefor I decided to reply with this post…
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
The appellate court says the plaintiffs made a sufficient enough case for further investigation into a monopoly claim
The findings of the appellate court will accompany the case file
Judge Engelmeyer’s decision is removed and the case is remanded for further litigation and discovery
The global head of foreign exchange trading at HSBC, Mark Johnson, has been charged with fraud in the currency markets in the United States. Another former HSBC trader, Stuart Scott, was also charged. Also today, we look ahead to the meeting of the European Central Bank and what Mario Draghi might have to say about Brexit…
“When the rich make war, it’s the poor that die.” ~ Old Russian Saying
Is when institutions conjure up visions of the populous not buying products, not showing up for work, withdrawing their assets from the banks, and in other words boycotting institutions where institutions loose all their control due to lack of public support and trust.
That is indeed a nightmare for globalists and their institutions.
The influential power hidden in the shadows of banking, governments, religions, and other elite constructs would panic.
NEW YORK — JPMorgan Chase & Co has become the first bank to settle an antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.
The settlement with the largest U.S. bank was disclosed today in a letter from lawyers for JPMorgan and the plaintiffs and filed in U.S. District Court in Manhattan.
Terms were not disclosed.
A settlement agreement is expected to be filed with the court by the end of January.
Over 90 percent of the assets owned by millionaires are held in low-risk investments (bonds and cash), the stock market and real estate. Business startup costs made up less than 1 percent of the investments of high net worth individuals in North America in 2011. A recent study found that less than 1 percent of all entrepreneurs came from very rich or very poor backgrounds. They come from the middle class.
On the corporate side, stock buybacks are employed to enrich executives rather than to invest in new technologies. In 1981, major corporations were spending less than 3 percent of their combined net income on buybacks, but in recent years they’ve been spending up to 95 percent of their profits on buybacks and dividends.