www.StockMarketFunding.com Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse. The scenario will likely fully play out in 2013 and we will see what central banks world wide to do postpone the selling and get the cash off the side lines to pump markets….
www.FT.com Lionel Barber, Financial Times editor, says George Osborne has delivered a broadly positive budget that is good for business. The FT’s Seb Morton-Clark talks to Philip Stephens, chief political commentator, Chris Giles, economics editor, and Jonathan Guthrie, City editor, about the chancellor’s economic plan. For more video content from the FT, visit the Financial Times video section at: www.ft.com
Follow us @ twitter.com twitter.com Welcome to Capital Account. Bernanke speaks and everyone seems to listen. In a speech today, he warned about the job market and said continued accommodative easy-money policies will be needed to make further progress. This has the financial press reading the tea leaves and saying more QE. Is it really because, as our guest says — TBTF really means “trust Bernanke to fund?” She’s Janet Tavakoli, author of “The New Robber Barons: How Bankers created an International Oligarchy,” and she’s here to talk about the too big to fail banks, the financial oligarchy, and how MF Global fits into this web of derivative inspired meth lab of shadow liquidity and off-balance sheet risk. And since we are on the issue of MF Global, what’s the latest on its former CEO, Jon Corzine? Did he or didn’t he knowingly transfer close to 200 million dollars in customer money from MF Global to JP Morgan on one occasion before the firm imploded? Internal emails that have come out reportedly point different ways. Regardless, has he gotten away with other types of fraud already? And do credit derivatives, like those used to bet the firm on Europe’s debt crisis, continue to pose a major risk to markets? And does regulation do anything to stop this? To top this off, a recent report by the OECD predicts that by 2020, 75% of the US population will be obese. We’ll ask if this is deflationary for the global economy and a drag on economic growth. Jim Cramer, of CNBC seems to …
www.FT.com Speaking at the fourth FT ArcelorMittal Boldness in Business awards, Lionel Barber, editor of Financial Times, and Lakshmi Mittal, chief executive of ArcelorMittal, give their thoughts to the FT’s Seb Morton-Clark. For more video content from the FT, visit the Financial Times video section at: www.ft.com
Deal Killers For Small Companies And Financial Firms Stephens Inc. CEO Warren Stephens on the unintended consequences of regulation. (Part 2 of 2 of interview with Steve Forbes) Part One: bit.ly Warren Stephens On Forbes: onforb.es
www.FT.com The UK government’s much-vaunted credit easing scheme, which is designed to boost demand for credit resulting in cheaper loans for SMEs, is being questioned by several big UK banks. Daniel Garrahan finds out why and what small business thinks. For more video content from the FT, visit the Financial Times video section at: www.ft.com
Follow us @ twitter.com twitter.com A US lawmaker is reportedly planning to introduce the “Sound Dollar Act” early next month. This is legislation that would move the federal reserve from its dual mandate of maintaining price stability (which is anathema to the dollar debasement that it creates through its massive money printing operations) and keeping unemployment low (which it has failed to do…curious…) to just promoting price stability. Hmmm…what would that mean for the Fed’s unofficial mandate of trashing the dollar? And Turkey, the fastest growing economy after China, is being penalized in the credit markets for failing to promote consumer savings, according to bloomberg. What? You mean savings matter!! That’s amazing…ummm not to us it isn’t. You can’t have economic growth without savings, because you can’t have investment without capital. Capital comes form savings, and growth comes from investment, but its shocking how many people think money “grows on tress.” Can you blame them, when we have a serial money printer at the Federal Reserve, pushing us all into serfdom and neo-feudalism with a policy of perpetual bailouts and zero percent interest rates? Oligarchy here we come! Finally, with central bank policies of the fed and ECB amounting to –trash for cash — as economist David McWilliams puts it with his “Punk Economics: Lesson 2,” turning “water into wine.” These perpetual bailouts are nothing other than an institutional form of wealth transfer. They …
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