Occupy Banksters & Crony Capitalism & GREED

CNN Debate | Ted Cruz vs Bernie Sanders Debate the Future of Obamacare (02/07/17) [1:59:07]

Leaks Suggest Trump's Own Team Is Alarmed By His Conduct
Reuters & HP | S.V. Date | 02/07/17

President Donald Trump was confused about the dollar: Was it a strong one that's good for the economy? Or a weak one? So he made a call ? except not to any of the business leaders Trump brought into his administration or even to an old friend from his days in real estate. Instead, he called his national security adviser, retired Lt. Gen. Mike Flynn, according to two sources familiar with Flynn's accounts of the incident.

Flynn has a long record in counterintelligence but not in macroeconomics. And he told Trump he didn't know, that it wasn't his area of expertise, that, perhaps, Trump should ask an economist instead.

Trump was not thrilled with that response, but that may have been a function of the time of day. Trump had placed the call at 3 a.m., according to one of Flynn's retellings, although neither the White House nor Flynn's office responded to requests for confirmation about that detail. ... Read more

MSNBC Today | ornadoes Rip Across South; Louisiana Governor Declares State Of Emergency (02/08/17) [2:29]

Wall Street's Best Friend Trump Aims to Dismantle Dodd-Frank, Which Protects Millions of Americans from Fraud
AlterNet | David Dayen / The American Prospect | 02/08/17

History teaches us that financial regulations die from a thousand cuts rather than a signifying event. As Cornell University law professor Saule Omarova puts it, "Financial reform is like a big onion. The more layers you peel off, the harder you cry."

For example, by the time the Gramm-Leach-Bliley law removed the Glass-Steagall firewall between commercial and investment banks in 1999, that separation was already effectively wiped out--by administrative waivers granted by regulators. The 1994 Riegle-Neal Act that formally allowed banks to open branches across state lines came after a decade of states altering rules to undermine local control of finance. Deregulation of mortgage rules that led to the housing bubble rolled out over a 20-year period, spanning Carter, Reagan, Bush, and Clinton. And even then, it took the George W. Bush administration's laissez-faire supervision to really supercharge predatory lending. ... Read more

Keith Olbermann | The Travesties Done in Your Name and Mine (#30) (02/08/17) [3:43]

Five Charts That Say All Is Not Well in Markets
Bloomberg | Tracy Alloway | 02/06/17/span>

A former TV star as U.S. president doesn't seem to have injected markets with much of a ''fear factor.'' But digging beneath the surface of an eight-year bull run exposes subtle signs that hint at an uneasy optimism.

The Dow Jones Industrial Average has sailed past 20,000 and the S&P 500 is nearing its life-time high set in January, indicating that investors have so far shrugged off the uncertainty brought by the new administration. But, here are five charts that suggest all is not well in markets. ... Read more

Harry Dent: Stocks Will Fall 70-90% Within 3 Years
peakprosperity.com | author | 01/30/17

All four of the cycles I track point down now. One after the next has peaked in the last several years. All four point down into early 2020 or so. That's only happened in the early to mid-'70s when we had the worst stock crashes back then, the OPEC embargo, etc -- the worst set of crises since the 1930s.

The next three years are likely to be the worst we see in our lifetimes. It will be more like the early 1930s when stocks hit a debt bubble and financial asset bubbles crashed, which they only do once in a lifetime such as the early 1930s. Stocks will be down 70, 80, 90% -- that's to be as expected in this stage of the cycle after such a bubble. ... Read more
Harry Dent: Stocks Will Fall 70-90% Within 3 Years (01/30/17) [44:31]