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How to Stick It to Your Banker, the Federal Reserve, and the Whole Doggone Fiat Money System

How to Stick It to Your Banker, the Federal Reserve, and the Whole Doggone Fiat Money System

by MN Gordon

Economic Prism

Bernanke Redux

Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job.  Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet by.  In other words, he told them how to go about cleaning up his mess.

We couldn’t recall the last time we’d seen or heard from Bernanke.  But soon it all came back to us.  There he was, in the flesh, babbling on (Read More....)

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Rigging The Price Of Money On A Grand Scale

Rigging the Price of Money on a Grand Scale, by MN Gordon, Economic Prism

Some people earn their money by honest means.  Others do so at the expense of one another.  If you borrowed money from a bank between 2005 and 2009 to buy a house or car, to pay for school, or if you happened to use a credit card during that time, you’ve likely been duped by a collaborative price rigging scheme courtesy of the big banks.

No doubt, this is quite a revelation.  In short, what it means is that nearly everyone – including businesses and investors – who used credit between 2005 and 2009 was swindled.  What’s more, they were swindled in a major way.

“This dwarfs by orders of magnitude any financial scams in the history of markets,” said Andrew Lo, a professor of finance at the Massachusetts Institute of Technology.

Charles Ponzi, Bernie (Read More....)

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