Browsing: The Money Scam


‘The wealth of the 8 richest people on earth equals that of the poorest 3.6 billion, according to a report by Oxfam presented at the World Economic Forum in Davos. This vast wealth gap is a threat which may “pull our societies apart,” the report warned.

The list of the eight wealthiest individuals in the world, all men, comes from Forbes magazine’s billionaires list, and includes Microsoft founder Bill Gates, Facebook co-founder Mark Zuckerberg, and Amazon founder Jeff Bezos.

Others include Inditex clothing company founder, Amancio Ortega, investor Warren Buffett, Mexican business magnate Carlos Slim, Oracle’s Larry Ellison, and former New York City Mayor Michael Bloomberg.’

Read more: Eight richest people as wealthy as poorest half of the world – Oxfam

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‘Donald Trump has announced another Goldman Sachs insider will join his administration.

Anthony Scaramucci, also know as “The Mooch,” will serve as Donald Trump’s liaison to the financial class. The former hedge fund ringmaster will likely occupy Valerie Jarrett’s Office of Public Engagement and Intergovernmental Affairs.

Steve Bannon, Steven Mnuchin (who will head up the Treasury), Gary Cohn, and Jay Clayton worked for Goldman Sachs.

How is the anti-establishment establishment supposed to fulfill its promise to restore the economy if its top people are former banksters and hedge fund managers?’

Read more: Trump Recruits Another Goldman Sachs Banker


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‘Lloyds, Halifax and TSB customers can’t get access to their online bank accounts for a third day as websites not working across the UK.

It’s another bad day for some Lloyds, Halifax and TSB customers as their online banking appears to have gone down again.

One frustrated user has a posted a message on Twitter saying: any chance of sorting out your online banking services today!!

Lloyds say they are aware of the issues saying: “We’re aware of intermittent errors and are looking to resolve ASAP. Apologies for any inconvenience caused.”‘

Read more: Lloyds, Halifax and TSB online banking down again – websites and apps crash for third day


‘A full two-thirds of the earthquake casualties in Haiti on January 12, 2010 were directly due to policies that the Inter-American Development Bank (IDB), World Bank, and United States Agency for International Development (USAID) put in place to create surplus labor for the country’s sweatshops.

The now well-known reductions in the tariffs on agricultural products, flood of subsidized Arkansas rice on the Haitian market, and eradication of the locally adapted creole pig were all components of a well mapped-out plan to impoverish Haitian farmers and force their migration from their villages to the capital city of Port-au-Prince.

In this way, about 1.6 million Haitians were added in 30 years to about 800,000 people who were already in the area that would become the earthquake’s epicenter. Since that disaster, there has been a nearly complete eradication of Haitian agriculture and a simultaneous dissipation of the Haitian population to prevent a major famine and popular revolt.’

Read more: Haiti’s “Depopulation”: Economic Dislocation, Poverty and Despair, A Globalist Project?

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‘The Federal Reserve just went through its annual ritual of disclosing its preliminary results for the year: The income it earned less its operating expenses, according to central bank accounting, and how much of these earnings it is remitting, as it does every year, to the US Treasury Department. But this statement includes another nugget.

In 2016, the Fed paid our favorite banks $12 billion in interest on their “excess reserves” held at the 12 regional Federal Reserve Banks (the New York Fed, the Boston Fed, the Dallas Fed, the San Francisco Fed, etc.). But wait… who’s actually paying that $12 billion?

Is it just a well-earned freebie for the banks, conjured up out of nothing, in Fed-style? Nope. The taxpayer paid the $12 billion to the banks. Here’s how.’

Read more: Fed Pays Banks $12 Billion on ‘Excess Reserves,’ Taken from Taxpayer Pockets


‘Day two and old nag Lloyds Banking Group’s online and mobile app services are still up and down like the Grand National, with no sign that customers will be put out of their misery any time soon.

An outage yesterday morning prevented punters from logging onto their accounts, to, say, apply for a loan or perhaps re-examine the damage caused by the financial blow-up over Chrimbo.

Lloyds, which claimed things were back up and running around lunchtime yesterday, refused to cough details on the nature of the problem and wouldn’t do so “even if” it knew the reason. But Reg readers told us access was patchy into the afternoon and again this morning.’

Read more: Lloyds Bank customers still flogging the online dead horse

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‘The demonetisation of Rs. 500 and Rs. 1000 notes by the government of Prime Minister Narendra Modi is disproportionately impacting the poor of India. Presently 4.5 million Indians die avoidably from deprivation each year and demonetisation will make this worse by increasing poverty, deprivation and disempowerment. Indians must reject this callous and deadly attack on the poor, reject deadly pro-One Percenter neoliberalism and demand social justice via social humanism (democratic socialism).’

Read more: India’s Demonetization Triggers Extreme Poverty and Famine


‘Greek unemployment dropped slightly for the second consecutive month, according to data released by the national statistics agency ELSTAT on Thursday. The jobless rate fell to 23 percent in October from 23.1 percent a month earlier.

The figure is the lowest since March 2012, when it was 22.6 percent.

The number of unemployed people reached 1.1 million. The number employed fell to 3.68 million from 3.70 million the previous month.’

Read more: Greece jobless rate eases to 23%, still highest in eurozone

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‘During his political campaign, Donald Trump repeatedly railed against Wall Street with a specific focus on Goldman Sachs. In the final days of his campaign, Trump released an advertisement that featured his opponent, Hillary Clinton, shaking hands with Goldman Sachs CEO Lloyd Blankfein. As the image flickers on the screen, Trump does a voice over, stating: “”It’s a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations and political entities.” As the ad ends, Trump bares his soul: “I’m doing this for the people and for the movement and we will take back this country for you and we will make America great again.”

How did a candidate who repeatedly demonized Goldman Sachs as the poster child for a corrupt establishment that owned Washington end up with Goldman Sachs’ progeny filling every post that even tangentially has the odor of money or global finance? One answer is family ties; another may be something darker.’

Read more: Here’s How Goldman Sachs Became the Overlord of the Trump Administration