• Monetary Authority

Monetary Authority Category Updates - Showing Newest First

The No Press Allowed Secret Agenda Meeting of Billionaires in ArizonaUnder the guise of ‘giving’, which equates to paying Miraval Resort in Tucson upwards of $3,000 a day, for all-inclusive accommodations – 61 billionaires gathered for a secret meeting where “the media was banned” allowing the billionaires to “compared notes” eat some grub and “laugh” the night way.

Bernie Sanders Investigation Exposes that Wall Street Runs U.S. GovernmentAccording to Senator Bernie Sanders: “Top executives from Goldman Sachs, J.P. Morgan Chase, General Electric and other firms sat on the boards of regional Federal Reserve banks while their firms benefited from the central bank’s policies during the financial crisis, the Government Accountability Office investigation found.”



Measly $285 Million Settlement Between S.E.C. and Citigroup Blocked!Hats off to Judge Jed S. Rakoff! It appears Judge Rakoff could not determine whether the S.E.C.’s settlement with Citigroup was “fair, reasonable, adequate and in the public interest,” and followed with the S.E.C. “has a duty, inherent in its statutory mission, to see that the truth emerges.” and then he referred to the $285 million settlement has “pocket change to any entity as large as Citigroup.” – Hopefully this isn’t the last “quick headline” we’ll see about Judge Rakoff and this case.

The U.S. Gov and Wall Street’s Secret Meetings Prior to 08 Economic Colapse.“We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason.”



Insider-Trading Ban for U.S. Congress Gains SupportThe bill would require regulators to draft rules barring individuals and so-called political intelligence firms, which use their contacts in Washington to provide financial institutions with market-related information, from selling nonpublic information obtained from federal employees. It also would require firms or individuals involved in political intelligence to register in the same way as federal lobbyists.

U.S. Oil Production Grew Faster Than Any Country in Last Three YearsFederal forecasters are expected to confirm on Monday what the energy industry already knows: Oil production is surging in the U.S. – new production data from developing oil fields, including the Bakken shale area in North Dakota, which could hold as much of 4.3 billion barrels of recoverable oil. North Dakota’s output of oil and related liquids topped 500,000 barrels per day in November, meaning that the state pumped more oil than Ecuador. In fact, U.S. oil production grew faster than in any other country over the last three years and will continue to surge as drillers move away from natural gas due to a growing gas glut, experts say.

Eric Cantor Kills The Stop Trading on Congressional Knowledge (STOCK) ActOn December 7, 2011, House Majority Leader Eric Cantor indefinitely postponed a scheduled markup of the Stop Trading on Congressional Knowledge (STOCK) Act….This bill had enough support and co-sponsors to PASS had it finished going through the process and gone to voting, but Eric Cantor prevented any voting to occur by indefinitely postponing it.