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Goldman Sachs

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Untouchable Banks: The End of the Easy Life (I)

The largest banks of Wall Street, the London City and other financial centers of the West have always been considered «Too Big to Fail». Such big-name banks were categorized as «untouchables», «sacred cows» which were destined to exist forever. And that is not surprising; the demise of any one of the «sacred cows» of the banking world could plunge not only one country, but the entire world into the depths of crisis. After all, the «sacred cows» existed outside of the so-called market economy, with its fierce competition, high risks, bankruptcies and defaults. They lived their lives in the oases of «banking socialism»...

Valentin KATASONOV | 05.11.2013


 

US Federal Reserve System Should Be Nationalized

The United States is the only state in the world destitute of the right to issue its own currency. The role of central bank is carried out by the Federal Reserve System – a joint stock company created by 12 Federal Reserve Banks created in their turn by commercial banks on a territorial basis. The state has no money. The government issues bonds to receive its “national currency”, the Federal Reserve System prints notes and gives it to the state by buying its bonds. Then the government buys out the bonds and the money returns to the Federal Reserve with interest rates... The US has become a hostage to greedy FRS bankers who see the state exclusively as a springboard for financial domination. If supporting the state is no longer profitable - there will be other springboards. That’s why getting back the control over the currency is an issue of national survival...

Olga SHEDROVA | 03.01.2013




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OUR COLUMNIST
    Nikolai BOBKIN

Yemen: Next War Begun in Middle East

With the support of other Arab countries Saudi Arabia launched airstrikes in neighboring Yemen on March 26. The aircraft attacked the positions of Shia formations in Sana, the capital of the country... Besides air operations, Saudis have pledged to contribute 150,000 soldiers with heavy weapons to the newly formed coalition including Kuwait, Bahrain, the United Arab Emirates and Qatar... Egypt has already said it is ready to send army, air force and naval units to the area. Another war has begun in the Middle East...

27.03.2015
 
 
 
 
 
 
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