Recently, Federal Reserve deputy chairman Donald Kohn has been very outspoken regarding the need of the US Federal Reserve’s actions to remain secretive from the public and his clear objection to US Senator Ron Paul’s bill to audit the US…
Several days ago, various news agencies reported on a plan advocated by Commodity Futures Trading Commission chairman Gary Gensler to significantly curb manipulation schemes executed by big banks in the commodities futures markets through new regulations that will assign and…
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It has recently been reported that the CIA is actively recruiting bankers for their specific skill sets: NEW YORK (Reuters) – Laid off from Wall Street? The CIA wants you — as long as you can pass a lie detector…
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Today, I’m starting a new feature on my blog called “The Short of It”. Often, my daily responsibilities don’t allow me the time to blog here as often as I would like. Thus, I’ve decided to write more frequent posts…
There are certain widespread practices that have existed in the financial industry for many years that seem to have no purpose but to defraud the retail investor that I’ve often wondered how they can still be legal. Window dressing is…
The most valuable lesson I learned in grad school a long time ago was about how media filters prevent truth from reaching the mass population regarding a large and varied number of topics. During research for my Public Policy graduate…
Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you…
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Just a couple of months ago, Jon Stewart of the Daily Show made numerous headlines when he ran a spoof of the terrible financial journalism displayed by major financial network CNBC. In his spoof, basically Mr. Stewart pointed out prediction…
Though I still believe a significant global stock market correction, led by US markets, is on the horizon, what if, against all odds, the US stock market continues to rise? Massive intervention into capital markets today by every major world…
As has been the case for a while now, in regard to financial stories reported in the media, a breaking story is reported that is often followed by a completely contradictory story just several weeks later. The latest example of…