Aug 28

H/t reader squodgy:

“Here it comes again…..incrementalisation…..”

* * *

As I’ve said before:

The people should resist a cashless society with everything they’ve got, …

… because next up are RFID microchip implants and if the people will allow THIS to happen, …

then it is all over.


 

Cashless-Society-NWO

The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic” (Liberty Blitzkrieg, Aug 27, 2015):

Earlier this week, as the financial world was mesmerized by a min-stock market crash, the Financial Times published a dastardly little piece of fascist propaganda.

There is no more egregious anti-liberty economic policy imaginable than banning cash. I covered this earlier in the year in the post, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash. Here’s an excerpt:

At this point, anyone paying even the slightest bit of attention to the central planning economic totalitarians running the fraudulent global financial system is aware of the blatant push in the media to acclimate the masses to accepting a “cashless society.”

Continue reading »

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Aug 28

Economic-Totalitarianism-Rogoff-Buiter

The Secret Meeting in London to End Cash (Armstrong Economics, Aug 27, 2015):

I find it extremely perplexing that I have been the only one to report of the secret meeting in London. Kenneth Rogoff of Harvard University, and Willem Butler, the Chief Economist at Citigroup, will address the central banks to advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval. When I googled the issue to see who else has picked it up, to my surprise, Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as far as the Central Bank of Nigeria, but I have yet to find any reports on the meeting taking place in London, when my sources are direct. Continue reading »

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Aug 28

Nazis’ Gold Train Is Said to Have Been Found in Poland (RINF, Aug 27, 2015):

On 27 August, Polish Radio announced that two people have presented evidence that they have discovered Nazi Germany’s legendary “Gold Train,” containing art and that’s especially “laden with precious metals,” and that the pair are demanding a 10% cut of its value, for finding this nearly 200-yard-long train, in a hidden mountain tunnel in the Polish town of Walzbrych, formerly the German town of Waldenburg. Nazis had constructed the tunnel in 1943, to hide valuables from Soviet forces, in the event that Germany might lose the war. Continue reading »

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Aug 28

H/t reader squodgy:

“Where the hell is John Connor when you need him?”


ISIS-flag

Fabricated Pentagon Reports on ISIS (ZeroHedge, Aug 27, 2015):

By Steven J. Lendman

America’s “war on terror” is a complete hoax. It’s a war OF terror on humanity. Washington actively recruits their fighters along with other takfiri elements.

Official US claims about wanting to degrade and defeat ISIS are a complete fabrication. Washington actively recruits their fighters along with other takfiri elements – as foot soldiers for endless wars of aggression against nations targeted for regime change. Continue reading »

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Aug 28

H/t reader M.G.:

“Here is a voice of sanity in the midst of the happy horseshit about the great revival of the markets:”


China’s economic woes extend far beyond its stock market (Guardian, Aug 27, 2015):

The Chinese government’s heavy handed efforts to contain recent stock market volatility – the latest move prohibits short-selling and sales by major shareholders – have seriously damaged its credibility. But China’s policy failures should come as no surprise. Policymakers there are far from the first to mismanage financial markets, currencies, and trade. Many European governments, for example, suffered humiliating losses defending currencies that were misaligned in the early 1990s.

Still, China’s economy remains a source of significant uncertainty. Indeed, although the performance of China’s stock market and that of its real economy has not been closely correlated, a major slowdown is under way. That is a serious concern, occupying finance ministries, central banks, trading desks, and importers and exporters worldwide.

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Aug 28

H/t reader M.G.:

“If this isn’t a recipe for disaster, I don’t know what is…..”


Six ways China has tried to remedy economic slowdown and shares slide (Guardian, Aug 25, 2015):

Governments can pull many levers to influence the behaviour of households, businesses and investors – Beijing has opted for half a dozen

China has tried to reboot its economy for the last year after it became obvious that a slowdown in early 2014 was turning into a steady decline in growth. Governments can pull many levers to influence the behaviour of households, businesses and investors. Here are the six main ones Beijing has used.

Cutting interest rates

The cut on Tuesday is the fifth since November and brings interest rates in the country down to 4.86% – an all-time low after having averaged 6.36% between 1996 and last year. The People’s Bank of China shaved another 0.25 percentage points off the borrowing and deposit rates to spur bank lending and encourage savers to spend the cash rather than earn a declining return on their money. Continue reading »

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Aug 28


25.08.2015

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Aug 27

Chinese Wall in the Mist

It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington (ZeroHedge, Aug 27, 2015):

As Bloomberg reports, “China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales.”

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Aug 27

radiation-radioactive

–  Media Blackout: Canada Plans To Dump Nuclear Waste Less Than Mile From US Border (ZeroHedge, Aug 27, 2015):

Over the last few years, the United States has not had the best track record with Deep Geologic Repositories (DGR) for nuclear waste. In February of 2014, the U.S.’ DGR, known as the Waste Isolation Pilot Plant (WIPP), had two separate incidents that compromised the integrity of the project by releasing airborne radioactive contamination. While most U.S. citizens were relatively unaffected by the events, our Canadian neighbors have proposed a plan to construct a DGR 0.6 miles from America’s largest source of fresh water, the Great Lakes — and the U.S. State Department is remaining relatively uninvolved. Continue reading »

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Aug 27

What China’s Treasury Liquidation Means: $1 Trillion QE In Reverse (ZeroHedge, Aug 27, 2015):

The size of the epic RMB carry trade could be as high as $1.1 trillion. If China were to liquidate $1 trillion in reserves (i.e. USTs) in order to stabilize the yuan in the face of the carry unwind, it would effectively offset 60% of QE3 and put around 200 bps of upward pressure on 10Y yields. So in effect, China’s UST dumping is QE in reverse – and on a massive scale.

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Aug 27

Yuan Strengthens Most Since March, China Unveils New Bailout Source After Rescue Fund Runs Out Of Fire-Power (ZeroHedge, Aug 27, 2015):

Update: China readies new bailout mechanism – pooling CNY2 Trillion of Pension funds for “investment”

A busy night in AsiaPac before China even opens. Vietnam had a failed bond auction, Japanese data was mixed (retail sales good, household spending bad, CPI just right), Moody’s downgrades China growth (surprise!), China re-blames US for global market rout, and then the big one hits – China’s bailout fund needs more money (applies for more loans from banks) – in other words – The PBOC just got a margin call. China margin debt balance fell for 8th straight day (although the short-selling balance picked up to 1-week highs). China unveiled some economic reforms – lifting tax exemption and foreign real estate investment rules. PBOC fixesds the Yuan 0.15% stronger – most since March, but even with last night’s epic intervention, SHCOMP looks set for its worst week since Lehman.

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Aug 27

1929-crash

Remembering the Summer of 1929 (The Burning Platform, Aug 27, 2015)

Flashback:

Quotes from the Great Depression

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Aug 27

Chinese Man Jumps From 17th Floor In First Stock Market Casualty (ZeroHedge, Aug 27, 2015):

It appears the collapse of China’s stock market has officially taken its first victim. While we have heard from desperate farmers who lost everything after realizing that making money in stocks is not easier than farmwork, RT reports that a 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building with a black briefcase “full of stock-related materials,” local press reported.

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Aug 27

JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday (ZeroHedge, Aug 27, 2015):

“Price insensitive” flows are starting to materialize, and our goal is to estimate their likely size and timing. These technical flows are determined by algorithms and risk limits, and can hence push the market away from fundamentals.  The obvious risk is if these technical flows outsize fundamental buyers. In the current environment of low liquidity, they may cause a market crash such as the one we saw at the US market open on Mondaay”

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Aug 27

Former Greek FinMin Varoufakis Launches Pan-European Anti-Austerity Political Party (ZeroHedge, Aug 27, 2015):

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Aug 27

rofl


CNN Tells Americans That The Stock Market Is Not Going To Crash (Economic Collape, Aug 26 2015)

Aug 27

Putin

Russia Refuses To Participate In Ukraine Debt Restructuring (ZeroHedge, Aug 27, 2015):

War-torn Ukraine has reportedly reached a restructuring deal with a group of creditors headed by Franklin Templeton, according to the country’s finance minister Natalie Jaresko. The terms of the agreement call for a 20% writedown and a reprofiling that includes a maturity extension of four years and an across-the-board 7.75% coupon. Vladimir Putin isn’t interested.

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Aug 27


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Aug 27

BidenHillaryTrump_1

Bad News For Hillary, Poll Shows Joe Biden Would Fare Better In National Election (ZeroHedge, Aug 27, 2015)

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Aug 27

10 Things the Jeremy Corbyn Witch Hunt is Distracting You From (Anti Media, Aug 26, 2015)

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