Infinite Unknown

NOTHING HAS CHANGED …

… except that the situation is getting much, much worse.

Related info:

– Elite Puppet Central Banksters To Bailout Elite Puppet Banksters Worldwide

Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!

Deficit spending and quantitative easing are policies designed to destroy the middle class and the poor and to benefit the elitists.

“When a country embarks on deficit financing and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
- Ron Paul

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
- Alan Greenspan

“By a continuing process of inflation (Quantitative easing), governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
- John Maynard Keynes

‘The Mervy King’ ‘nuked’ the UK with quantitative easing before:

- Bank of England extends quantitative easing to £200 billion (Guardian)

Expect more ‘fallout’ like this, because he will do it again:

- UK: Shock Rise In Unemployment – Inflation Hits 4 Percent, Double The Government’s Target

- UK: Why Our Purchasing Power Is Set To Suffer The Biggest Squeeze Since 1870

And yes, the central banksters know what they are doing:

- On Mervyn King’s Apology That Central Banks Are Destroying The Middle Class’ Standard Of Living

Just exchange the Fed with the BoE and ‘THE BEN BERNANK’ with ‘THE MERVY KING’ and watch this:

- Quantitative Easing Explained

Got physical gold and silver?

Prepare for collapse.

This is the ‘Greatest Depression’.

- World facing worst financial crisis in history, Bank of England Governor says (Telegraph, Oct. 6, 2011):

Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession.

Economists said the Bank’s decision to resume its quantitative easing [QE], or asset purchase programme, showed it was increasingly fearful for the economy, and predicted more such moves ahead.

Sir Mervyn said the Bank had been driven by growing signs of a global economic disaster.

“This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.”

Continue reading »

Tags: Bank of England, Economy, Financial Crisis, Global News, Government, New World Order, Politics, Quantitative Easing

- Fire Bad! Free Money Good! Traders React to Global Central Bank Bailout (Yahoo News/The Daily Ticker, Sep. 15, 2011):

Stocks surged in the U.S. and Europe early Thursday while Treasury prices tumbled on news of a coordinated easing by global central banks.

“The Governing Council of the European Central Bank has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year,” the ECB said in a statement.

Translation: The world’s central bankers will provide as much money as necessary until year-end to stem a brewing funding crisis among European banks. The move follows a report yesterday that two European banks were unable to get short-term dollar funding in private markets and were forced to tap the ECB for $575 million.

Continue reading »

Tags: Bank of England, Central Bank, ECB, Economy, Environment, Europe, Federal Reserve, Government, Politics, Stock Market, U.S.

- As Chavez Pulls Venezuela’s Gold From JP Morgan, Is The Great Scramble For Physical Starting? (ZeroHedge, Aug 17, 2011):

In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England.

As the WSJ reported earlier, “The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter.

A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank.” That’s great, but not really a gamechanger.

After all the BOE should have said gold. What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks.

The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today’s CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons.

A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets.

Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.

From the CME:

Tags: Bank of England, Barclays, Economy, Global News, Gold, Government, Hugo Chavez, JPMorgan, Politics, Venezuela

See also:

- On Mervyn King’s Apology That Central Banks Are Destroying The Middle Class’ Standard Of Living

- Bank of England’s Mervyn King Warns Inflation Could Reach 5 Percent Within Months

- UK: Interest Rates ‘Will Have To Rise Sixfold in 2 Years’ to Cope With Rising Inflation

And no it will not get better. You are living in the ‘good old days’ right now.

- Why our purchasing power is set to suffer the biggest squeeze since 1870 (Telegraph):

Low or no wage increases coupled with rising taxation and inflation mean most people’s purchasing power is set to suffer the biggest squeeze since the 1870s, a leading economist claims.

Roger Bootle’s bleak analysis follows similar views expressed earlier this year by Mervyn King, Governor of the Bank of England, but Mr Bootle – economic adviser to accountants Deloitte – goes even further.

Whereas Mr King said the redution in purchasing power was the worst since the 1920s, Mr Bootle reckons Britons have not suffered anything like it for nearly 150 years. He predicts that for the next year many members of the ‘squeezed middle’ and others will feel like ‘new Victorians’ as meagre increases in wages are insufficient to keep pace with rising taxes and prices.

Continue reading »

Tags: Bank of England, Economy, Inflation, Middle Class, Society, U.K.

The previous parts:
- JP Morgan Silver Manipulation Explained (Part 1-4)

Added: 25.03.2011

Tags: Bank of England, Ben Bernanke, COMEX, Dollar, Economy, EU, Europe, Fed, Federal Reserve, Global News, Gold, Inflation, JPMorgan, Politics, Portugal, Silver, U.K., U.S.

Ted Kaufman

On Friday, free and efficient market champion Ted Kaufman, previously known for his stern crusade to rid the world of the HFT scourge, and all other market irregularities which unfortunately will stay with us until the next major market crash (and until the disbanding of the SEC following the terminal realization of its corrupt and utter worthlessness), held a hearing on the impact of the TARP on financial stability, no longer in his former position as a senator, but as Chairman of the Congressional TARP oversight panel. Witness included Simon Johnson, Joseph Stiglitz, Allan Meltzer, William Nelson (Deputy Director of Monetary Affairs, Federal Reserve), Damon Silvers (AFL-CIO Associate General Counsel), and others.

In typical Kaufman fashion, this no-nonsense hearing was one of the most informative and expository of all Wall Street evils to ever take place on the Hill. Which of course is why it received almost no coverage in the media. Below we present a full transcript of the entire hearing, together with select highlights.

The insights proffered by the panelists and the witnesses, while nothing new to those who have carefully followed the generational theft that has been occurring for two and a half years in plain view of everyone and shows no signs of stopping, are truly a MUST READ for virtually every citizen of America and the world: this transcript explains in great detail what absolute crime is, and why it will likely forever go unpunished.

Key highlights from the transcript:

Continue reading »

Tags: AIG, Bank of America, Bank of England, Barack Obama, Bush administration, Citigroup, Congress, Debt, FDIC, Fed, Federal Reserve, Freddie Mac, George Bush, Global News, Goldman Sachs, Government, Obama administration, Politics, Quantitative Easing, Real Estate, Recession, Society, TARP, Taxpayers, Ted Kaufman, U.S., Unemployment, Warren Buffett, Wells Fargo & Co.

Inflation is a hidden tax on monetary assets. Be assured that any government is quite happy about it.

The BoE’s Mervyn King cites all kinds of reasons for the rise in inflation, except that he is mainly responsible for it, like all the other central banksters around the world, that have resorted to quantitative easing, also known as the nuclear option or printing money.

Yes, ‘The Mervy King’ ‘nuked’ the UK with quantitative easing:

- Bank of England extends quantitative easing to £200 billion (Guardian)

Just exchange the Fed with the BoE and ‘THE BEN BERNANK’ with ‘THE MERVY KING’ and watch this:

- Quantitative Easing Explained

Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!

At least ‘The Mervy King’ apologized for destroying the people:

- On Mervyn King’s Apology That Central Banks Are Destroying The Middle Class’ Standard Of Living

Wake up Britain! NOW!

Mervyn King is a criminal and an elite puppet.

Another worthless fiat currency

- Shock rise in unemployment as workers hit by wage cuts (Telegraph):

Workers have been hit by an unexpected rise in unemployment and effective pay cuts as they face inflation at a two-year high and a weak economy, official figures show today.

• Those out of work and claiming unemployment benefits rose by 2,400 in January, against forecasts of a fall.

• Wages have fallen to a five-month low

• Wider measure of joblessness also rose

• Women claimants rose, while men fell

• Youth unemployment hit a fresh record of 965,000

• Highest number of vacancies since three months to Jan 2009

Wages have fallen to a five-month low, the Office for National Statistics said. Average weekly earnings stood at just 1.8pc in December 2010, down from 2.1pc the month before. Workers were typically paid £456 a week in total in December.

Unemployment also rose by 44,000 in the three months to December 2010 to reach 2.49m, the figures revealed. The claimant count grew unexpectedly by 2,400 between December and January, to reach 1.46m, the ONS said.

- Mervyn King on the defensive as inflation hits double the target (Telegraph):

Mervyn King, the Governor of the Bank of England, insisted prices are being driven higher by “temporary” forces as the official inflation rate surged to double the target, increasing pressure to raise interest rates.

Mervyn King repeated his warning that the government’s measure of how fast prices are rising, the consumer prices index (CPI), could hit 5pc “over the next few months”, after figures showed it climbed 4pc in the year to January.

Nontheless, the UK’s foremost central banker said the Bank’s Monetary Policy Committee (MPC) thinks that trying to bring inflation back to the 2pc target quickly risks “undesirable volatility in output”. A hit to growth could even see the target undershot in the future, he said.

Mr King continued to blame the over-target inflation on “temporary effects”, citing the increase in VAT to 20pc at the start of the month, the fall in the pound and soaring commodity prices.

Tags: Bank of England, Economy, Global News, Government, Inflation, Politics, Society, U.K.

See also:

- Ben Bernanke’s Poverty Effect: Food Stamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million

Recently, BOE head Mervyn King came out with a very surprising warning to his compatriots, accompanied with an apology that our own Ben Bernanke will never offer, namely:

“I sympathise completely with savers and those who behaved prudently now find themselves among the biggest losers from this crisis.”

Of course, the US central bank believes it has completed its third mandate job now that the US stock market, not to mention commodities, are starting to be reminiscent of the parabolic phase of the Harare stock market. But back in Europe, even as the EURUSD is surging (killing the dollar, and the primary driver behind US stocks) now that it is accepted that the continent will proceed with its latest full on ponzi scheme and have the EFSF acquire insolvent bonds, even as the ECB proceeds to raise rates, things are getting worse.

This is precisely what King warned about in a speech that not surprisingly got absolutely no coverage in the US. Luckily, here is Simon Black’s take on the very surprising speech by King which confirmed that the only beneficiaries of Bernanke’s policies continue to be the top 1% that make up the financial oligarchy…. as always.

- A stern warning from a central banker (by Sovereign Man)

Mervyn King is Britain’s chief central banker and a key figure in the global financial system. Last week, after surprising reports surfaced that the British economy had once again contracted in the 4th quarter of last year, King delivered a stern, sobering message to his country:

- “In 2011, real wages are likely to be no higher than they were in 2005… One has to go back to the 1920s to find a time when real wages fell over a period of six years.”

- “The Bank of England cannot prevent the squeeze on real take-home pay that so many families are now beginning to realise is the legacy of the banking crisis and the need to rebalance our economy.”

- “The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”

- Furthermore, inflation may rise “to somewhere between four per cent and five per cent over the next few months.”

Continue reading »

Tags: Bank of England, Bonds, Debt, Dollar, ECB, Economy, Global News, Government, Inflation, Politics, Ponzi schemes, Society, Stock Market, U.K., U.S., Wall Street

Mervyn King ‘nuked’ the UK with quantitative easing, using what economists call the ‘nuclear option’:

- Quantitative Easing Explained

Just exchange the Fed with the BoE and ‘THE BEN BERNANK’ with ‘THE MERVY KING’.

Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!

- Bank of England extends quantitative easing to £200 billion (Guardian)

And now Mervyn King warns of the fallout of quantitative easing, which is inflation!

Wake up Britain!

Mervyn King is a criminal and an elite puppet.

Britain’s “uncomfortably high inflation” is of more concern to the Monetary Policy Committee (MPC) than the surprise fall in gross domestic product, Mervyn King, the Governor of the Bank of England, has said.

Mervyn King said the idea that the Bank of England could have preserved living standards by preventing a rise in inflation was ‘wishful thinking’ Photo: REUTERS

Mr King warned that inflation was likely to rise to between 4pc and 5pc over the next few months, before falling back next year. He said that inflation has climbed to its current level of 3.7pc because of rising import and energy prices and taxes, and that these factors had squeezed real take-home pay by around 12pc.

In a speech in Newcastle that included references to both Ken Dodd and Leo Tolstoy, Mr King said the shock 0.5pc fall in GDP over the fourth quarter of 2010 served as a reminder of his comment last year that the recovery would be “choppy”. But he added: “Of more immediate concern to the MPC is that we are experiencing uncomfortably high inflation.”

Continue reading »

Tags: Bank of England, Economy, Global News, Government, Politics, pound, U.K.

Silver will skyrocket:

- Silver: Shortage This Decade, Will Be Worth More Than Gold (MUST-SEE!)

Added: 10. December 2010

Related information:

- The Ultimate Cost of 0% Money

- These Central Banks Are Printing Money – Prepare Yourself

- Quantitative Easing Explained

Gold:

- ‘GoldNomics’: Cash or Gold Bullion?

- George Soros’ and John Paulson’s Biggest Holding Is GOLD

- China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

- Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

Silver:

- US Mint Reports Unprecedented Buying Spree Of Physical Silver

- BullionVault.com Runs Out Of Silver In Germany

- Silver: Shortage This Decade, Will Be Worth More Than Gold

- Silver Derivatives – China and JP Morgan

- Max Keiser: Want JP Morgan to Crash? Buy Silver!

- Max Keiser: Crash JP Morgan – Buy Silver!

- JPMorgan Silver Manipulation Explained (Must-See!)

And don’t forget to do this (!!!):

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

Tags: Bank of England, Bill Murphy, Bonds, Debt, Deutsche Bank, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Goldman Sachs, Government, Inflation, JPMorgan, Politics, Robert Rubin, Silver, Treasury, U.K., U.S.