Archive for the ‘mike whitney’ Category

THE TRUE STATE OF THE U.S. ECONOMY

Wednesday, October 9th, 2013

Leading the world down are the "too big to fail" banksters. They haven't become healthy and remain addicted to free money from the Fed. There's only so much bull you can push before the majority no longer believe the numbers. Recovery imminent? Mike Whitney says "no". "Slumping asset prices show a ...

THE PUSSY RIOT FLAP

Saturday, August 11th, 2012

If you see it reported in the American press, it must be true. Not so fast, says Mike Whitney. In March 2012, three women from the feminist punk-rock band Pussy Riot were arrested and charged with “hooliganism motivated by religious hatred or hostility” for staging an unauthorised and profane performance at ...

EUROZONE CRACKUP

Wednesday, August 24th, 2011

Funding costs are rising for EU banks and interbank lending is beginning to slow. More banks are depositing money overnight with the European Central Bank rather than with other banks. The eurozone is on the brink of a financial crisis and a meltdown in the EU will take down US ...

BANKERS CHEER AS IMF HEAD FACES SEXUAL ASSAULT CHARGES

Thursday, May 19th, 2011

With $ingapore's multi-million dollar minister Tharman Shanmugaratnam joining the International Monetary Fund in February this year, bankers had high hopes for deeper penetration of China's lucrative financial market. Now with IMF managing director Dominique Strauss-Kahn underwater, that day may come sooner. Mike Whitney reports on why Strauss-Kahn was disliked by ...

IS FUKUSHIMA ABOUT TO BLOW?

Wednesday, March 30th, 2011

Conditions at the Fukushima Daiichi nuclear plant are deteriorating and the doomsday scenario is beginning to unfold. On Sunday (March 27), Tokyo Electric Power Co. (TEPCO) officials reported that the levels of radiation leaking into seawater at the Unit 2 reactor were 100,000 times above normal, and the airborne radiation ...

WALL STREET TRASH

Sunday, March 6th, 2011

The banking business is to make money out of nothing. The customer takes all the risk. The government is to pay bailout money when banks fail. For the past three years, Wall Street has refused to change its "I win, you lose" formula. Do you know US banks are sitting ...

POST MORTEM FOR THE WORLD’S ‘RESERVE CURRENCY’

Thursday, December 16th, 2010

Never has an issue been clearer. In 2008, the bankers at Wall Street created a financial tsunami. Instead of reining them in, the world has been told these banksters were "too big to fail". Now the U.S. dollar as reserve currency has been sacrificed. Mike Whitney explains. Paul Volcker is worried ...

THE MARKET IS RIGGED

Thursday, September 9th, 2010

One of the first things noticed in the new economy is that the stock market is rigged. Big players account for two-thirds of all trades. That won't correct itself just as casinos can't be beat. Mike Whitney explains. Here's something to munch on from Dennis K. Berman in last week's Wall ...

E.U. BANKING SYSTEM ON THE BRINK

Sunday, July 11th, 2010

At present, 170 banks in Europe are having problems accessing the markets where they get their funding. As commentator Mike Whitney explains, financial institutions are wary of lending to each other because they're not sure who is solvent or not. Investors smell a rat. To top it all, the European ...

GOLDMAN IN THE DOCK

Thursday, May 6th, 2010

Goldman Sachs under criminal investigation. Is this a serious and honest move or is it a carefully choreographed political theater? As commentator Mike Whitney points out, crossing swords with Goldman's CEO Lloyd Blankfein is the easy part. Dealing with Goldman's supporters in Washington is another matter. Just two days after a ...