#tbtf4eva

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How QE Helped Main Street

... it is time once again to look at the magnificent benefits that have accrued to main street businesses as a result of bailing out bad bets of banks. 

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Nomi Prins: The Sinister Evolution Of Our Modern Banking System  "I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous." ~ Nomi Prins

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Senator Elizabeth Warren: Remarks on Citigroup and its Bailout Provision in the Cromnibus Bill

related: Senate Passes The Cromnibus: Here Is Who Voted "No" And What It Actually Contains

There is some argument whether the executive will join the legislative in confirming the US government is now (and always has been) merely a puppet of Wall Street, although we expect all it will take Jamie Dimon is just one more phone call of "encouragement" to Obama to make sure Wall Street's will is done in the White House.

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When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like: where does money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance breaks down?

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Occupy made it possible! ... JPMorgan whistleblower Fleischmann to Max Keiser 

Alayne Fleischmann, a former lawyer at JPMorgan Chase, whose testimony helped secure a $13 billion fine for the bank, says that most big-time fraudsters have got away scot-free, and claims that only continued public interest can ensure they are punished.

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Economic Collapse, Bailout & All The Presidents’ Bankers with Nomi Prins

Bank conspiracy, collapse and the failure of the federal reserve is explored with Nomi Prins. ALL THE PRESIDENTS’ BANKERS, Prins’ new book, plus impending doom for the dollar and the reinstatement of the Glass Steagall Act is discussed, as we follow the money and debt in the banking industry to see who is really coming out on top, and who is most at risk in this economy, ...

related: QE isn’t dying, it’s morphing

A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE - the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) ... what lingers in the air of “post-taper” time is an absence of absence.

For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair, Janet Yellen, has failed to point this out in any of her speeches about the labor force, inflation, or inequality.

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Watch how the rich stole the recovery 

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Joe Bongiovanni discusses our monetary system and why fixing it is the single most important issue facing people and the planet. Joe explains how money is created as debt by private banks and how that system heavily favors principles and values that are in direct opposition to those who seek a more just and sustainable world. We are all playing by monetary rules that were written by our opponents. It's a game we are bound to lose unless we change the rules.