Better Than Cash Alliance Has an Orwellian Plan

Better Than Cash Alliance Has an Orwellian Plan
Post Date June 4, 2015
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Category Solidus.Center

In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met at Jekyll Island, GA to plan the creation of a central bank for the United States. The “game” that this elite group of “hunters” brought back to Lower Manhattan and Capitol Hill was the blueprint for one of the most destructive financial institutions in modern history, the Federal Reserve.

One-hundred years later, another group of powerful bankers, political figures, and businessmen have converged …

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Limiting the Fed Would Diffuse Derivative “Time Bombs”

Limiting the Fed Would Diffuse Derivative “Time Bombs”
Post Date December 16, 2014
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Category Solidus.Center

In a 2002 letter to shareholders, Berkshire Hathaway CEO Warren Buffett called the trillions of dollars of derivatives held by American banks “time bombs”. The “Oracle of Omaha’s” dire prognostication proved correct in 2008, when the collapse of prices of the assets to which the lion’s share of outstanding derivatives were tied led to a financial crisis that plunged the American economy into a period of economic malaise not seen since the Great Depression.

Derivatives are indeed “ticking time bombs” in this era of Fed-inspired asset …

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