By Simon Black What I’m about to tell you isn’t some wild conspiracy. Or fake news. It’s raw fact, based on publicly available data from the US Federal Reserve. This data shows a very simple but concerning trend: banks in the United States are becoming less safe. Again. And they’re doing it on purpose. Again. Few people ever give much …
One Man’s Opinion: Three Reasons Why The Banking System Is Rigged Against You
By Simon Black If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard ofmade a stunning announcement that has sweeping implications for anyone with a bank account. Dombrovskis is …
One Man’s Opinion: Are US Banks Well Capitalized?
The US economy has been growing at 2 percent real and perhaps 2.9 percent nominal for the past several years, said Bill Gross, portfolio manager at Janus Capital Group. Japan is above the (recession) line and euro-land seems to have come out of their recession; so easy monetary policy is working a little bit, but central banks’ philosophy remains questionable. …