Search Results for: hana

  • California's High Speed Rail

    ByPrimary Researcher

    Executive Summary

    California’s High Speed Rail is project is an example of what consulting companies tend to do infrastructure projects.

    Introduction
    The waste that was the California High Speed Rail Project is explained in this quotation.

    “Consultants assured the state there was little reason to hire hundreds or thousands of in-house engineers and rail experts, because the consultants could handle the heavy work themselves and save California money. It would take them only 12 years to bore under mountains, bridge rivers and build 520 miles of rail bed — all at a cost of just $33 billion. Now, more …

  • Blackrock: Consulting Profiles

    ByPrimary Researcher

    … the financial power; it was the asset managers. She said: We are often told that a manager is there to invest our money for our old age. But it’s much more than that. In my opinion, BlackRock reflects the renunciation of the welfare state. Its rise in power goes hand-in-hand with ongoing structural changes; in finance, but also in the nature of the social contract that unites the citizen and the state. Public policy is made today in ways that favor the stock market, which is considered the barometer of the economy, although it has little to …

  • The Real Story With the FDIC

    ByPrimary Researcher

    … 000 are protected by FDIC insurance, but the FDIC fund had only 93 billion in it at the end of 2017. total US bank deposits are close to 17 trillion, of which about half are covered by the FDIC insurance in the 2013 article in USA Today titled can FDIC handle the failure of a mega bank? Financial Analyst Darrell Delamaide warned the biggest failure the FDIC has handled was Washington Mutual in 2008. And while that was plenty big with 307 billion in assets, it was a small fraction Heard with the 2.5 trillion trillion in assets today …

  • The Bank of North Dakota: Banking Profiles

    ByPrimary Researcher

    … in ruins. The response of the BND was immediate and comprehensive, demonstrating financial flexibility and public generosity that no privately-owned bank could match. The BND quickly established nearly $70 million in credit lines and launched a disaster relief loan program; worked closely with federal agencies to gain forbearance on federally-backed home loans and student loans; and reduced interest rates on existing family farm and farm operating programs. In the 2020 crisis, North Dakota shone again, leading the nation in getting funds into the hands of workers and small businesses. Unemployment benefits were distributed in North Dakota faster …

  • Post Office Banking: Banking Profiles

    ByPrimary Researcher

    … by far during this time. Second, the post office would serve every community without regard to profit. In other words, profitable routes (along the Eastern Seaboard) would subsidize the east-to-west routes. Other shippers could compete with the post office along these routes, but the post office could not discontinue any route without congressional approval. Third, Congress would subsidize the dissemination of newspapers through the post office. The subsidy, financed by merchants who paid handsomely to mail letters, reduced the price of newspapers by 700 percent. In other words, wealthy northeasterners were paying for information to be carried …

  • Credit Unions in the US: Banking Profile

    ByPrimary Researcher

    … low-income worker who had been charged 1200 percent interest on a small loan. Desjardins began studying possible remedies to this growing problem and ran across a mention of the European credit union movement. He decided to start a cooperative, modeled after the German Raiffeisen credit unions, from his own home. He handled all the transactions himself and did not pay himself a salary. Membership was open to anyone in the community who was determined to be in “good standing,” and a committee of members decided which loans to make based on a person’s character and record of …

  • International Monetary Fund: Banking Profile

    ByPrimary Researcher

    … and political rulers have more immediate goals in mind. The bureaucracy enjoys a plush life administering the process, and the politicians on the receiving end obtain wealth and power. Ideology is not their concern. Socialism, capitalism, fascism, it makes no difference to them as long as the money flows. Graham Hancock has been an astute observer of the international-aid “industry” and has attended their plush conferences. He knows many of the leading players personally. In his book, Lords of Poverty, he speaks of the IMF’s Structural-Adjustment loans: Corrupt Ministers of Finance and dictatorial Presidents from Asia, Africa …

  • European Central Bank (ECB): Banking Profiles

    ByPrimary Researcher

    … from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.” – Louis McFadden / AZ Quotes
    And this quote
    “The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.” ~ Carroll …

  • Paper Money Issued by Private Central Banks (PMIPB-P) (Pretending to be government entities)

    ByPrimary Researcher

    … fiat currency. This debate is hidden from the public and seldom mentioned. One can grow old and die without ever hearing about the debates on public versus private banking.
    The Dominant Form of Banking Today
    Today the dominant form of central banks is that the central bank is in the hands of private bankers but pretends to be controlled by the government. Because it is in private hands, interest rates must be charged, and enormous financial gains that go to the private banker and are hidden from the public within the banking system. These are rents extracted from the citizens …

  • The Market Manipulation of Investment Banks

    ByPrimary Researcher

    … ago, just 1.3 percent of the LME’s copper stocks had canceled warrants. Today, 59 percent of it does. In January 2009, just 2.3 percent of zinc stocks were canceled; it’s at 32 percent today. Zinc incidentally has something else in common with aluminum – a shipping-and-handling-like premium, called the U.S. zinc premium in the United States, which has skyrocketed in recent years, increasing by 400 percent between the summer of 2012 and the summer of 2013, when the price plateaued just as the aluminum scandal broke. Then there’s nickel. Thirty-seven percent …