VIDEO: Fed Stimulus Boosts Fortunes of Wall Street, Leaves Main Street Behind: Baker

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Breakout, By: Matt Nesto, 11/06/2013

You've likely seen it a thousand times before. "My parents went to wherever and all I got was this lousy T-shirt." As clichéd as this slogan may be, it's a characterization that many feel applies perfectly to the Fed, which has spent trillions of dollars restoring Wall Street to pre-crisis levels while doing almost nothing to improve the standing of 95% of the population that resides on Main Street.


"Main Street is a long way from back," says Simon Baker, the CEO of Baker Ave. Asset Management, in the attached video. "If the question is, 'Is Main Street happy?' I don't think so," Baker protests. He refers to the Fed's ongoing stimulus efforts as "a massive, $3.7 trillion redistribution of wealth" that has only benefited banks and financial firms, as well as the wealthiest 5% of the country that holds real assets such as stocks and real estate. "They're the ones benefiting," he says, "not Main Street."


How-our-world-might-transform Department: Two interviews with the Moneyless Man

Silver's picture, By: Ann Kreilkamp, 11/05/2013

Daniel Soelo, "the moneylessman," photo:

Daniel Soelo, “the moneylessman,” photo:


When we contemplate greatly shrunken coastlines, then the idea of letting go of the so-called kingpin of our civilization, namely fiat, debt-based, usurious”money,” doesn’t seem so drastic. And see Charles Eisenstein, his comprehensive and thoughtful book Sacred Economics, for more on how to reshape our human experience of ourselves, of others, and of the exchanges among us. Eisenstein would agree with Daniel Soelo, the “moneyless man,” who points out: “Money only exists if two or more people believe it exists.”


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Cyprus Makes Plan to Seize Portion of High-Level Deposits

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The New York Times - 2/23/13, Liz Alderman and James Kanter

Cyprus’s president, Nicos Anastasiades, left, met with top Cypriot officials on Wednesday at the presidential palace in Nicosia. He was expected to fly to Brussels late Saturday for meetings. Petros Giannakouris/Associated Press

NICOSIA, Cyprus — With Cyprus facing a Monday deadline to avoid a banking collapse, the government and its international negotiators devised a plan late Saturday to seize a portion of savers’ deposits above 100,000 euros at all banks in the country, in a bid to raise money for an urgently needed bailout.

LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks

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Published on Aug 10, 2012 by TheRealNews

Cities around the country, from Baltimore to Oakland, are taking legal action against the banks responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed mortgage holders who lost money on the rate's manipulation.

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Yellow Brick Road: The Fed and A New Path to Debt Freedom

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Published on Jul 10, 2012 by rebellioustruths

In this special underground interview, Rebellious Truths joins Ellen Brown, author of Web of Debt and Chairman of the Public Banking Institute. In this mind-blowing exchange, Ellen Brown exposes buried truths, manipulations, and fallacies about our economy; truths vital to understanding how our money system really works. She also provides a simple solution to getting rid of our debt now and forever: we the people print the money, not the debt-based and privately owned Federal Reserve.


Check out our website and get involved in Project Truth here:


Barofsky: Government Complicity Provides Libor Defense

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Published on Aug 2, 2012 by

Aug. 1 (Bloomberg Law) -- The world's biggest banks are likely to defend lawsuits alleging they manipulated the Libor interest rate by saying the federal government knew it and did nothing, according to Neil Barofsky, former Inspector General for TARP. Rather than put maximum pressure on the banks by suing them individually, the government is likely to try to sidestep arguments it was complicit in the Libor mess by seeking a global settlement, he tells Bloomberg Law's Lee Pacchia. Barofsky is the author of the new book "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street."


Which way forward for the Montreal student strike?

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Published on Jul 27, 2012 by

Five months after students in Montreal, Quebec launched a strike against tuition increases, the movement stands at a crossroads. The strike's leaders are seeking to channel mass opposition among students and workers behind the political establishment and upcoming elections, while the government appears set to force the reopening of schools on August 15.


Why You Should Care: Student Debt Trap (E14)

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Published on Jul 28, 2012 by RussiaToday


As tuition prices continue to soar, Tim explains to his pal why so many students in places like Canada are taking to the streets by the thousands to protest the rising costs of education, and how their governments are trying to stop them.


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