Silver as an investment

Fraud 101

blog.milesfranklin.com / By Andrew Hoffman / May 30th, 2013

At the end of my “Wall Street days” in the early 2000s, I came across a chart depicting a full one-third of U.S. corporate profits emanating from the financial sector.  As I was duly employed by then cash cow Salomon Smith Barney (i.e, Citigroup), I was well aware of how powerful banks had become; not to mention, how corrupt they had become…

The Moon and $30 Million for Jack Grubman

It was hard to believe such data then; as working in the industry, I was well aware of how it made essentially ZERO contribution to economic growth.  Sure, they “helped” companies raise money; but frankly, banks act more like carnival barkers than industrialists.  Nearly all the companies Wall Street took public in the late 1990s went down in price; and most of them – internet start-ups come to mind – either went bankrupt or wasted away…

On the bankruptcy of internet companies: An empirical inquiry

Irrespective, it did not seem possible that a bunch of PAPER PUSHERS could be considered GDP components in the first place; particularly as their work resulted in MASSIVE capital losses – including their own

READ MORE