A couple of videos:
- Charles Ferguson on the Financial Landscape after 2008’s “Inside Job”: More pointed commentary on the lack of prosecutions. He has released a book, Predator Nation in addition to his documentary Inside Job. He suggests that the financial sector has subverted the legal system in addition to the regulatory one. If he is correct there will be interesting times ahead. If something can’t last, it will not.
- Sheila Bair: Keeping Banks Honest: Bill Moyers interview with Sheila Bair. Bair was appointed by President Bush in 2006 to chair the FDIC. During the 2008 meltdown, she argued that in some cases banks were NOT too big to fail — that instead of bailouts, they should be sold off to healthier competitors. Hat tip The Big Picture
A text post:
- London Trader – The LBMA Gold Price Fixing Scheme Is Over: The title says it all, but these things tend to take longer than we expect to eventuate. But once they do, they are likely to move faster than we think they will. The merits of maintaining wealth in a highly portable form, and preferably in more than one jurisdiction is becoming clearer by the day. When on the King World News site it may also be worth reading: Sprott – The Frightening Black Swan Nobody Is Talking About. Although technically it is more of a grey than black swan, as we are aware of the possibility.
And to round it off, an audio:
- Ryan Holiday, Trust Me, I’m Lying: Gweek interview with Ryan Holiday – the author of Trust Me, I’m Lying: Confessions of a Media Manipulator. He makes some fascinating points. Hat tip: Boing Boing
TAGS: Corruption, Crony capitalism, Finance, Gold Price, Gold price manipulation, I'm Lying, Inside Job, Media manipulation, Predator Nation, Ryan Holiday, Silver Price, Trust me