'Scrap banks or they'll bring chaos' - Nobel Economist

[Cidersomerset]

'Scrap banks or they'll bring chaos' - Nobel Economist

GDM9_xC38cE

Published on 5 Aug 2012 by RussiaToday


Nobel Economics Laureate Edward Prescott explains what he thinks has gone so wrong in the region, and what needs to be done to put it right.



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Widening inequality - America's new reality

KkhERP44YeE

Published on 3 Aug 2012 by RTAmerica


The inequality gap is widening in the US and in some areas this reality is becoming more apparent. The state of Connecticut is one such example. Robert Johnson, executive director of the Institute for New economic Thinking, joins RT's Liz Wahl to talk more about the ribbon of inequality in the US.

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Slight cock up.....LOL..This thread is a part duplicate of the other one !!!

[GoodETxSG]

Hello,
Posting these to my Facebook group if you do not mine... www.facebook.com/BankAndPoliticianFinancialCorruption
and my thread:
http://projectavalon.net/forum4/showthread.php?48146-Bank-And-Politician-Financial-Corruption-CALL-TO-ACTION--YOU-are-called-to-act-now-

[Cidersomerset]

I like the audit story goode.....but how can we trust them !!

Where’s the gold? NY Fed undergoes first-ever audit

http://rt.com/files/usa/news/ny-fed-audit-gold-839/afp-cizek-photo-michal.n.jpg


"If the gold is there and everything is in order, they should welcome an audit," Paul said, as quoted by The Los Angeles Times.


Now, things seem to be moving in Paul's direction, at least at the New York Fed – which is by leaps and bounds the largest by assets, and most influential of America's 12 reserve banks.


The US government has been quietly carrying out an audit of all the American-owned gold at the New York Fed. The process involves drilling small holes in about ten per cent, or roughly 350, of the bars to make sure they're pure.


About a half dozen Mint, Treasury Inspector General's Office and New York Fed employees took part in the audit. It's being monitored by the Government Accountability Office, the branch of Congress that wields investigative powers.


Its sad when theres no way of knowing who to trust out of this lot ...LOL..

[GoodETxSG]

I hear ya... I worked at the FRB in a VERY SECURE capacity... there is no gold my friend... this should be very interesting dancing that the Feds do to explain... I expect a bait and switch to happen.

[Lost Soul]

GoodTXSG - Were you at FT Knox or NYFed? I know the former shipped those tungsten core bars to London and ultimately were purchased by the Chinese. They returned them.