The Federalist Society has been pushing to undo the Obama changes to the SEC (I hit the X key accidentally!). The changes by Obama started out small and ended up huge because the DNC is now all about undoing laws and destroying civil order. These changes were challenged in court and the district courts filled with DNC judges turned down the plantiffs but the Supreme Court overwhelmingly with only the two elderly female DNC judges, voted together to undo the Obama era changes to how the laws are enforced.
Video: To Catch a Trader | Watch FRONTLINE Online | PBS Video: a good Frontline expo of insider trading by Wall Street hedge funds. Of course, it has limitations. For example, there is zero mention of offshore banking entities like the ones used by Romney. There is no examination of lobbying Washington to get laws weakened or removed. Or why hedge funds suddenly shot up like a rocket when the Wall Street laws were changed in 1998.
Hedge funds flourished once bank regulations and free trade allowed financiers to operate openly offshore while avoiding taxes. With the keys to the Federal Reserve vault firmly in hand, they gambled with everyone’s lives, they are the sharks swimming in the world’s free trade oceans, savaging entire countries while becoming very, very rich off of this destructive behavior.
Nearly 20 years ago, I was aghast when Japan dropped interest rates on government loans to near zero. It makes no sense at all. Even if Japan reduced ‘inflation’ to zero or negative territory, the value of savings still has to have some positive value. Otherwise, capital flees. Japan cynically sucked up the savings of the older generations but they are no longer feeding money into it due to harsh, real inflation. Hidden from government statistics, just like in the US. The ZIRP government borrowing system is in global trouble due to energy inflation costs and savings fleeing to better venues. Continue reading →
The misrule of all the major first world nations (China is still considered to be a second world nation) is due to the iron grip the bankers and the rich have on the steering wheels of the ships of state in the G7+ nations. The EU, US, UK and Japan are all going down in flames due to wild speculative banking and game playing of the top 1%. Far from seeing any reforms imposed on these impostors, we have seen only one solution being offered these days: cut social services to everyone else. Continue reading →