The article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews. To further clarify the situation, this article brings to the forefront implications that might not be obvious to those without insider experience and knowledge. The price of Treasury bonds is supported by the Federal Reserve’s large purchases. The Federal Reserve’s purchases are often misread...

[jwplayer config="custom_player"  file="http://www.youtube.com/watch?v=ptX4r41QdcI&feature=related"] Interesting interview with Dr.Paul Craig Roberts who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.

[jwplayer config="custom_player"  file="http://www.youtube.com/watch?v=NHgcsu7G_4I"] Interesting interview with Dr.Paul Craig Roberts who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.

The Russian government has finally caught on that its political opposition is being financed by the US taxpayer-funded National Endowment for Democracy and other CIA/State Department fronts in an attempt to subvert the Russian government and install an American puppet state in the geographically largest country on earth, the one country with a nuclear arsenal sufficient to deter Washington’s aggression. Just as earlier this year...

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also strikes us as simplistic and...