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Homeless Ex-Banker: "The American Dream Is a Load of Crap"

by Rudy Panko

Russia Insider

If you are an American who hasn't chemically lobotomized yourself with prescription drugs, you probably know that "something is wrong around here." Even the genetically modified potatoes at your local Walmart are aware that something is horribly amiss.

But the full weight of our current nightmare is difficult to comprehend; it certainly can't be condensed into a 100 character "tweet".

But the story of "Allen", a former banker who now spends his days in San Francisco soup kitchens, serves as an sobering allegory for America's universal decline. Allen, who worked for 30 years in the corporate world, is 61 years old with 2 college degrees. Now he has nothing. His story was featured in an HBO documentary, "San Francisco 2.0". Coming from an ex-banker, Allen's comments about the state of America are both damning and poetic:

I think we're rapidly becoming something like Venezuela, where there's a very small, ultra-rich class, and everybody else is poor — and the middle class is shrinking. I think the American Dream is a load of crap. There is no American dream. It's a nightmare for most people.

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Bloodbath at European Banks: Thousands of Jobs Cuts Expected…

New management teams at Deutsche Bank AG, Barclays Plc and Standard Chartered Plc are among executives contemplating reorganizations that could involve thousands of job reductions. Deutsche Bank, which runs Europe’s biggest investment bank, may trim 8,000 positions across its businesses, a person familiar with the matter said this week.

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Greece rocked by reports of secret plan to raid banks...

(The Guardian UK)  Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party.

It is not clear how seriously the government considered the plans, attributed to former energy minister Panagiotis Lafazanis and ex-finance minister Yanis Varoufakis. Lafazanis was sacked from his post and Varoufakis resigned earlier this month. However, the revelations have been seized on by opposition parties who are demanding an explanation.

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Robots pursue banking careers in San Francisco (video)

Robots have enjoyed phenomenal success on the nation's factory floors. Now they've got their eye on banking.

Sterling Bank & Trust has "hired" two robots as greeters at the bank's new locations opening in Cupertino and Alhambra, in the Los Angeles area. As part of their training, the two robots have made appearances at the bank's San Francisco branches.

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Bank Bloodbath: HSBC To Shed 50,000 Jobs!

 

In the bank's second big overhaul since the financial crisis it will speed up a cull of unprofitable units and countries by cutting almost 50,000 jobs - half of them from selling businesses in Brazil and Turkey.

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More Mysterious Banker Deaths???

In a continuing, unsettling pattern, three more stories came to light of bankers meeting their death. The executive of American Express died mysteriously on an international flight while another jumped off the 24th floor of his apartment building in an apparent drug-induced suicide. Another story released this week detailed a Goldman Sachs employee found dead in her car in April. They join a growing list of bankers whose lives have ended prematurely.

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Another Young Wall Street Banker Commits Suicide...

An investment banker jumped to his death from the window of his million-dollar apartment in the Financial District on Thursday, sources and authorities said.

The 29-year-old man plunged from the 24th floor of the luxury Ocean apartment building at 1 West St. at about 10:40 a.m. and landed on a guardrail near the northbound Battery Park Underpass, narrowly missing a black SUV.

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JPMorgan Chase expected to cut 5,000+ jobs by next year

JPMorgan Chase has started job cuts slated to total more than 5,000 by next year as it looks to trim expenses, The Wall Street Journal reported Thursday, citing sources.

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European Central Bank President Mario Draghi Attacked by Protester

 

Time Banking: An Alternative Money System

Please see more here and here.

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