Search Results for: gartner

  • How the Concept of Unearned Income Was Eliminated from Economics

    ByPrimary Researcher

    … of factories. So, you can think of rent as the “right” or special legal privilege to erect a tollbooth and say, “You can’t get television over your cable channel unless you pay us, and what we charge you is anything we can get from you.” – Michael Hudson / Evonomics
    Source: Evonomics
    https://evonomics.com/how-financial-parasites-and-debt-bondage/
    Observe that in the present day, even infrastructure is privatized under Public Private Partnerships which are promoted by major international private banking interests ranging from the EIB to the IMF. There are many discussions around privatizing the US Post Office.

  • What is a Payday or Title Loan?

    ByPrimary Researcher

    … significantly exceed the rates allowed by credit card companies and banks.
    Source: How the Other Half Banks
    Payday Lenders Skirting These Rules
    For many years, payday lenders skirted these rules by “renting bank charters” from banks in states with high usury rates and operating from another state. Payday loan companies partnered with banks in states with no usury laws or very high interest rate ceilings, like South Dakota or Delaware. When banking regulators put an end to this practice a decade ago, payday lenders seeking to avoid usury limits fled to Native American reservations or offshore regulatory havens like Malta …

  • How McKinsey Lies to Clients By Producing Deliberately Inaccurate and Corrupt Forecasts

    ByPrimary Researcher

    Executive Summary

    McKinsey is one of the most powerful consulting companies globally and is instrumental in getting governments to privatize infrastructure to corrupt private entities.

    Introduction
    McKinsey is critical in providing authoritative but financially biased and corrupt advice, which is always about promoting privatization and to enrich McKinsey and entities connected to McKinsey. McKinsey and similar law firms bill enormous sums of money to governments for fraudulent advice. This quotation is a good example. This included a critical report by PriceWaterhouseCoopers, which was unreliable and wildly inaccurate.
    “As the partnership [Metronet] was being put together, PWC predicted that the private …

  • Blackrock: Consulting Profiles

    ByPrimary Researcher

    Executive Summary

    Blackrock is a combination hedge fund and consulting company that is highly corrupt and focused on predatory financial activities.

    Introduction
    A largely unregulated shadow bank/hedge fund, etc.. with over $7 T in assets. This is a good video that explains what Blackrock is.

    They are described by Ellen Brown as follows. “BlackRock was founded in 1988 in partnership with the Blackstone Group, a multinational private equity management firm that would become notorious after the 2008-09 banking crisis for snatching up foreclosed homes at firesale prices and renting them at inflated prices. BlackRock first grew its balance …

  • The Bank of North Dakota: Banking Profiles

    ByPrimary Researcher

    … need to advertise for depositors or borrowers, and no need for multiple branches. It has a massive built-in deposit base since the state’s revenues must be deposited in the BND by law. It does not compete with North Dakota’s local banks in the retail market but instead partners with them. The local bank services and retains the customer, while the BND helps as needed with capital and liquidity. Largely due to this amicable relationship, North Dakota has nearly six times as many local financial institutions per person as the country overall. Its emergency capabilities were demonstrated in …

  • Post Office Banking: Banking Profiles

    ByPrimary Researcher

    … and fewer benefits than postal employees. Can the post office handle the challenges of becoming a quasibanking institution? There is no indication it cannot, especially with the help of specialized banking and industry experts who would almost certainly be enlisted to help with the transition. The post office can even partner with banks or credit unions for their servicing and automated teller machine functions.Others have pointed to the epic demise of the GSEs Fannie Mae and Freddie Mac during the financial crisis as a reason to avoid government intrusion into credit markets. However, this clearly misunderstands the causes of …

  • Are Trade Deficits a Problem or a Positive for a Country?

    ByPrimary Researcher

    Executive Summary

    The following is a very different interpretation of trade deficits than is provided by mainstream economists.
    We evaluate this interpretation and provide our view.

    Introduction
    Normally countries try to stay away from trade deficits. An entire type of economics, called mercantilism, of which Adam Smith was a major proponent, was centered on running trade deficits in order to obtain gold from trading partners.
    Warren Mosler explains the non-mainstream view of trade deficits in the following quotation.
    “Imports are real benefits and exports are real costs. Trade deficits directly improve given level of government spending, not because of …

  • The Advisory Model: How Consulting and Advisory Firms Sell Out The Interests of Their Clients

    ByPrimary Researcher

    … nearly always recommend software that is not a good match for the account but allows them to maximize the number of H1-B billing hours and margin. One way of doing this is to rig the RFP process to win only their preferred vendor (with whom they already have a partnership).
    When you talk to senior members of consulting firms, you quickly recognize not only do they not care about technology; they don’t care about their accounts. Behind closed doors, the entire discussion is billing hours and margin and sales. The first tip is if Deloitte or Infosys etc …

  • Quotes from the Book Banking on the People

    ByPrimary Researcher

    … shun, such as rural housing loans.. . . [R]etail banking accounts for just 2%-3% of its business. The bank’s focus is providing loans to students and extending credit to companies in North Dakota, often in partnership with smaller community banks. Bank of North Dakota also acts as a clearinghouse for interbank transactions in the state by settling checks and distributing coins and currency. …The bank’s mission is promoting economic development, not competing with private banks. “We’re a state agency and profit maximization isn’t what drives us,” President Eric Hardmeyer said.How then to account for …

  • Quotes from the Book The Web of Debt

    ByPrimary Researcher

    … practice of buying whole corporations in order to bleed them of their profits has been given the less charitable name of vulture capitalism. Why the term fits was underscored in a January 2006 article by Shaun Corrigan called speculation in the late Empire.
    “When the buyout merchants and private equity partnerships can borrow What are effectively limitless sums of cheap tax advantaged debt, with which to buy out corporate shareholders, when they can then proceed to ruin the target business’s balance sheet in a flash by ordering payment of special dividends by weighing it down with junk debt in …