Archives for: Goldman

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Systemic banking fraud means next crisis will be worse

by Mitch Feierstein about 4 days 1 hour ago

Henry Paulson. Hank. Remember him? Of the crisis in 2008, he said: “Where I come from, if someone takes a risk and they’re going to make the profit from that risk, they shouldn’t have the taxpayer pay for the losses.” Quite the wisdom one expects from the 74th U.S. Secretary of the Treasury. Yet, as [...]

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Abolish central banks and slay the zombies

by Mitch Feierstein about 8 months 1 week ago

  It’s different this time, or is it? The US Federal Reserve, the Bank of England, and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. Global central banks have magicked-up hundreds of trillions of dollars in debt and guarantees. Global stock market valuations are stratospheric—buoyed by stock buybacks, funded by record corporate [...]

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Wall Streets Latest Dirty Little Secret – The Fix Is In

by Mitch Feierstein about 2 years 2 months ago

At yet another select committee recently – they’ve been doing a good job – Vince Cable was grilled about the huge leap in the Royal Mail’s stock market value. As you’ll remember, the firm was floated at 330p a share and traded as high as 600p in November, a rise of 82% in a few [...]

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Mitch Feierstein Warns of Coming Financial Collapse

by Mitch Feierstein about 3 years 3 months ago

Chris Menon interviews the author of the best-selling Planet Ponzi on the housing bubble, market manipulation, gold and the subversion of democracy Monday, 16 June 2014 at 09:49 Chris Menon: In Planet Ponzi you’ve written about the huge debt bubble that was created over the past 30 years. For those who haven’t read your book, how [...]

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Currency Wars Have Begun: Central Banks in Denial or Worse

by Mitch Feierstein about 4 years 6 months ago

Here’s a piece of recent news that you almost certainly missed: A large consumer products company, Johnson & Johnson, announced a one-off loss owing to a 32 percent currency devaluation in Venezuela. The reason I expect you missed that less-than-seismic piece of news is that, unless you happen to be particularly fascinated in Johnson & [...]

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The World in 2013 – Some predictions

by Mitch Feierstein about 4 years 9 months ago

  The return of the undead Berlusconi to return to Italian politics. Mario Monti to quit (and return to Goldman Sachs for a annual honorarium of $50,000,000). The Italian long bond to go to 600 basis points over bunds. Investors to notice that Italy is still in the position of having massive debts and a [...]

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That Old Sweet Goldman Magic

by Mitch Feierstein about 5 years 10 months ago

Ah, don’t you just love traditions? Hollowing out a pumpkin for halloween. Sitting down to turkey for Thanksgiving. Seeing family and friends around the winter holiday season. And Goldman’s the same. It’s a traditional sort. Once it’s got into a habit – excessive leverage, taking huge risks and disguising them, helping to bankrupt Western capitalism, [...]

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