Juggling Dynamite

The bankers write the legal interpretations of securities laws that hold them harmless, and then the Department of Justice adopts and reiterates these arguments as the government’s findings, rather than conduct their own independent fraud investigations.  The evidence is incontrovertible.  Watch this video update.

In an effort to pick up where FRONTLINE’s Untouchables left off in early 2013, BestEvidence presents “The Veneer of Justice in a Kingdom of Crime.” In addition to analyzing events that have occurred since the Untouchables aired (including events caused by the Untouchables), and in an attempt to answer some of the deeply troubling issues raised by Martin Smith, “Veneer” examines certain implications the DOJ’s pronouncements, since late 2012, that the rule of law is effectively dead (having been supplanted by the management of oversized global banks). Here is a direct video link.

The criminal global banking cartel has effected a coup d’etat in the U.S. This is why the same criminal financial elite that saw 1000 of its members go to prison 20 years ago (after the S&L crisis) is now above the law.

To date, the question of why the U.S. Department of Justice has failed to prosecute even one too-big-to-fail bank for the pervasive criminal frauds that drove the multi-trillion-dollar economic meltdown of 2008 has been answered pretty much with shrugs.

By far the most insightful answer was provided by Martin Smith’s breathtaking Untouchables episode, which PBS Frontline aired in January 2013.

But even Smith’s answer—that the DOJ never truly investigated Wall Street crime due largely to the so-called collateral consequences doctrine—really explains how rather than why prosecutions have been scuttled.

Earth to central bankers, listen to this clip to understand why your Q’Eternity tricks are not ‘stimulating’.  Indeed just the opposite, your 15 years of lowering rates and lending standards while offering lax, indulgent ‘oversight’ and deregulation of investment banks worldwide have purchased the present mess and economic malaise.  Merci.

Bloomberg’s Yalman Onaran breaks down why negative rates are not spurring lending. Here is a direct video link.

“Following the European crisis, economies are too highly levered, so companies and consumers they can’t borrow. So when you don’t have demand, people can’t borrow and the banks can’t lend.”   Mystery solved!!

Higher crude prices over the past 6 weeks allowed already heavily indebted energy producers to sell even more debt to ‘investors’. This will enable even more excess production to come to market. So long as the belief in higher prices persists, we are unlikely to find a durable bottom this cycle.

Discussing the potential for the oil production freeze, and current supply and demand dynamics John Kilduff, Again Capital. Here is a direct video link.