Sep 18

Related info:

- ‘Moderate’ Syrian Rebels Sign Non-Aggression Pact With ISIS; Iraq Defies US


House Votes To Fund Arms To Moderate (For Now) Syrian Rebels (And Ex-Im Bank) – Live Feed (ZeroHedge, Sep 17, 2014):

*HOUSE HAS VOTES FOR U.S. AID TO SYRIAN REBELS; VOTE CONTINUING

Those sneaky politicians… The House has just begun voting on whether to amend the US Spending Bill to enable funding for Obama’s grand strategy of training “moderate Syrian rebels.

  • *SYRIAN REBEL AID IS PROPOSED AS AMENDMENT TO U.S. SPENDING BILL
  • *HOUSE BEGINS VOTE ON U.S. AID TO SYRIAN REBELS SOUGHT BY OBAMA

However, what few have also noticed is that the bill also includes an extension for funding the Export-Import bank.

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Sep 17

- Germany Issues 2Y Note At Record Low Yield Of -7bps (ZeroHedge, Sep 17, 2014):

Germany sold EUR 3.34 billion 2-year notes to a desparate-for-collateral, safe-haven-seeking, ECB QE-front-running, deflation-pricing market (with exceptional demand – an elevated 2.26x bid-to-cover) for a stunning -0.07% yield… an all-time record low yield issuance for Germany. We have nothing to add…

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Sep 17

How Banks Continue FX Rigging Right Under The SEC’s Noses (ZeroHedge, Sep 16, 2014):

The good news is that the rigging of the FX markets – now conspiracy fact, not conspiracy theory – has, according to Bloomberg, forced the world’s biggest banks to overhaul how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation with the “modernization of processes that probably should have been brought in 15 or 20 years ago.” However, the FX market is far from ‘clean’ as Bloomberg notes, while banks can limit access to details about client orders on their computer systems, they can’t keep employees from talking to one another. Some traders also are still communicating with clients and counterparts at other firms via Snapchat, circumventing their company’s controls right under the nose of the SEC. As one trader commented, “these [reform] changes look like fig leaves.”

As Bloomberg reports, positive changes are happening (on the surface)… Continue reading »

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Sep 17

Related info:

- Goldman’s Take On China’s “Stealth QE”:

“Domestic media (Sina) reported that the PBOC conducted RMB 500bn of Standing Lending Facility operations with the big 5 commercial banks (ICBC, BOC, BoCOM, CCB, ABC). The reports note that the duration is 3 months and the RMB 500 bn is evenly split among the banks. This amount is roughly the same as a 50 bps cut to RRR for the whole banking system on a static basis. There is no official confirmation from the PBOC yet. Still, such an easing would be consistent with our expectation that (1) monetary policy will loosened amid the drastic slowdown in activity growth and falling inflation, and (2) full scale RRR and interest rate cuts are unlikely because they would be viewed as aggressive stimulus.”

- What Happened After China’s Last “Stealth QE”?:

In a worrying sense of deja-vu all over again, today’s rip higher reflects perfectly the US equity market’s knee-jerk reaction to the last ‘Stealth QE’ from China on July 28th. That did not end well as hot money flowed out to the instantaneously “easiest” central bank in the world…

Markets React Violently To China’s Stealth QE:

From copper to high-yield credit and from stocks to bonds and gold, markets are reacting violently to the headlines from China that they are unleashing another 500bn Yuan “stealth QE”everything is rallying.. except the USD (biggest drop since May).


China Launches CNY500 Billion In “Stealth QE” (ZeroHedge, Sep 16, 2014):

It has been a while since the PBOC engaged in some “targeted” QE. So clearly following the biggest drop in the Shanghai Composite in 6 months after some abysmal Chinese economic and flow data in the past several days, it’s time for some more. From Bloomberg:

  • CHINA’S PBOC STARTS 500B YUAN SLF TODAY, SINA.COM SAYS
  • PBOC PROVIDES 500B YUAN LIQUIDITY TO CHINA’S TOP 5 BANKS: SINA
  • PBOC PROVIDES 100B YUAN TO EACH BANK TODAY, TOMORROW WITH DURATION OF 3 MONTHS: SINA

Just as expected, the Chinese “derivative” currency, the AUD, goes vertical on the news, and the S&P 500 goes vertical alongside: Continue reading »

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Sep 17

- Russia Central Bank Responds To Domestic Dollar Shortage, Starts Currency Swaps(ZeroHedge, Sep 16, 2014):

With the Ruble hitting record lows once again today against the USDollar, it appears concerns over USD liquidity are growing in Russia. The Russian central bank has unveiled an FX swap operation, allowing firms to borrow dollars in exchange for Rubles for a duration of 1 day (at a cost of 7%p.a.). Of course, this squeeze on USD funding – driven by Western sanctions – will, instead of isolating Russia, force Russian companies (finding USD transactions prohibitively expensive) into the CNY-axis, thus further strengthening the Yuanification of world trade and the ultimate demise of the USD as reserve currency.

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Sep 16

Bank Of America Has A Message For Its European Depositors: “We May Charge You” (ZeroHedge, Sep 15, 2014):

Because Mario Draghi wasn’t joking about that whole NIRP thing. And yes, negative deposit rates mean just that.

BofA Europe deposits_0

As the letter says, don’t worry: Bank of America has an extensive team of “liquidity and investment management solutions” experts who will gladly advise you to rotate your money out of deposits and into financial stocks, preferably that of BAC itself.

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Sep 15

Related info:

- The Fed Has A Big Surprise Waiting For You (ZeroHedge, Sep 13, 2014):

The US economy is dead. The Fed has known this for a long time, but pumped it up to where it is now to draw in all the greater fools, the so-called big investors who have made money like honey from QE and ZIRP. They are the greater fools. The American real economy ceased being a consideration long ago. We’re in for big surprises, and they won’t be pretty, they’ll be pretty nasty. There are far too many people who think of themselves as smart who don’t see the difference between a theater play and a reality show. The Fed will raise rates because that will make the biggest banks the most money. There’s nothing else that matters. The Fed can’t revive the US economy, that’s just a foolish notion. But it can suck a lot of wealth out of it.


Federal-Reserve-Bernanke1

- Speculation swirls over Fed language on rate hike (Guardian/AP, Sep 15, 2014):

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words:

“Considerable time.”

The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed’s first increase in interest rates since it cut them to record lows in 2008.

The Fed’s recent statements have said it expects to keep its key short-term rate near zero for a “considerable time” after it stops buying Treasurys and mortgage bonds. Those bond purchases have been intended to keep long-term rates down to support the economy. Continue reading »

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Sep 14

FYI.


- The Fed Has A Big Surprise Waiting For You (ZeroHedge, Sep 13, 2014):

The US economy is dead. The Fed has known this for a long time, but pumped it up to where it is now to draw in all the greater fools, the so-called big investors who have made money like honey from QE and ZIRP. They are the greater fools. The American real economy ceased being a consideration long ago. We’re in for big surprises, and they won’t be pretty, they’ll be pretty nasty. There are far too many people who think of themselves as smart who don’t see the difference between a theater play and a reality show. The Fed will raise rates because that will make the biggest banks the most money. There’s nothing else that matters. The Fed can’t revive the US economy, that’s just a foolish notion. But it can suck a lot of wealth out of it.

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Sep 14

Art Cashin

- Art Cashin: “Things Could Theoretically Turn Into What I Call A Lehman Moment” (ZeroHedge, Sep 13, 2014):

Courtesy of Finanz und Wirtschaft, interview by Christoph Gisiger

Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.

From the assassination of President Kennedy via the stock market crash of 1987 and the Fall of the Berlin Wall through to the burst of the dotcom bubble, the terror attacks of 9/11 and the collapse of Lehman Brothers: Art Cashin has experienced all the major world events of the last half century at the floor of the New York Stock Exchange. Currently, the highly respected Wall Street veteran keeps a close eye on the geopolitical tensions in the Middle East and on the situation in Ukraine which reminds him of the Cuban missile crisis «The markets are edgy and nervous», says the Director of Floor Operations for UBS Financial Services while constantly checking the quotation board. Like many traders here, he is somewhat skeptical of the huge stock market rally that started in March 2009. «I think it is a question of the extraordinarily low interest rates», he explains. Continue reading »

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Sep 13

broken-britain

- UK Suffers Biggest Capital Outflow Since Lehman As Scottish Vote Nears (ZeroHedge, Sep 12, 2014):

Investors pulled $27 billion out of UK financial assets last month – the biggest capital outflow since the Lehman crisis in 2008 – as concern mounted about the economic and financial consequences if Scotland left the UK, according to Reuters. Furthermore, Morgan Stanley said daily equity flow data pointed to “some of the largest UK equity selling on record.”

As Reuters notes, Continue reading »

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Sep 10

- Albania Central Bank Governor Arrested Over Theft Of $7 Million From Bank Vaults (ZeroHedge, Sep 9, 2014):

About a month ago we mocked the Albanian central bank when reports emerged that “two employees” had been charged with the theft of some $6.6 million in cash from the bank’s vaults. Specifically, back in July the arrests come five weeks after a worker at the central bank admitted to stealing money over the course of four years, taking new bank notes printed in Switzerland when they arrived at his workplace and replacing them with old books. As it turns out, since there is a central bank involved, there is once again more than meets the eye, and the story has since mutated into something far more grotesque than even we could imagine, with news coming out late last week and over the weekend that not only was the theft by “two employees” a misdirection, but that the guilty party was none other than the Albanian version of Janet Yellen, the governor of the central bank himself Ardian Fullani.

From Reuters:

Albania’s central bank governor Ardian Fullani was arrested on Friday evening in his office on charges of abuse of office over the theft of 713 million lek (6.63 million US dollar) from the bank’s vaults, the prosecutor’s office told Reuters. Continue reading »

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Sep 10


- They’re Coming For Your Accounts (Doug Casey’s International Man):

Nearly all of us grew up thinking that we registered ourselves to prove that we were safe and responsible. We advertised our services as “registered” or “licensed,” and we never thought about it beyond that point. After all, that was the way things were done, and we knew that it would help our customers trust us.

There is, however, another side to registration, one that’s about to bite a lot of decent people… and hard.

What Is Registration, Really? Continue reading »

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Sep 07

- Feel Like Betting On Life Expectancy? There’s A Derivative For That (ZeroHedge, Sep 6, 2014):

Think CDS were the scourge of humanity, think again. As Pension360 reports, several Wall Street firms are selling securities backed by longevity riskthe risk that retirees receiving benefits will live longer than expected (and thus incur a higher cost on their retirement plan). As Ted Ballantine notes, ‘no one ever said Wall Street wasn’t creative’; but one wonders just how the banks are mitigating this risk… Continue reading »

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Sep 07

Obama_Health_Care_Speech_to_Joint_Session_of_Congress

- New bill: Congress engineering yet another financial crisis (Sovereign Man, Sep 6, 2014):

Say hello to the next financial crisis, brought to you courtesy of the dumbest new bill of the week: H.R. 5148: Access to Affordable Mortgages Act.

Ordinarily whenever an individual wants to borrow money for a mortgage, the bank conducts due diligence… both on the borrower as well as the property.

It’s in the banks’ interest (as well as the banks’ depositors) to ensure that the property is at least worth as much as the amount being borrowed. Duh.

Congress doesn’t agree. Apparently when banks conduct property appraisals, that seems to unfairly discriminate against some segment of the population trying to buy crap properties.

And we certainly can’t have that going on in the Land of the Free.

So with HR 5148, Congress aims to exempt certain ‘higher-risk mortgages’ from property appraisal requirements. Continue reading »

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Sep 06

Banksters - Get Out Of Jail Free Card

- Barclays is Launching Finger Scanner that Scans a Person’s Blood Flow to Access Account (Liberty Blitzkrieg, Sep 5, 2014):

It’s hard for an article to be simultaneously disturbing and amusing, but this morning’s article in the UK Telegraph about Barclays’ new blood vein finger scanner does just that.

What’s truly incredible about the article is Ashok Vaswani’s (chief executive of Barclays personal and corporate banking) purported obsession with fighting criminality, when in reality there appear to be few bigger criminal enterprises on earth than Barclays itself.

We are told the following about Barclays’ ostensible commitment to the rule of law: Continue reading »

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Sep 06

Everything That’s Wrong With Banking Summed Up In One Bonehead Advertisement (Sovereign Man, Sep, 4, 2014):

If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%!

That’s right. ANZ is offering its depositors absolutely zero interest.

Now, a bank paying 0% isn’t exactly abnormal in today’s banking environment. But what’s really strange is that ANZ actually took out an ad in an Australian newspaper to advertise this. Continue reading »

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Sep 06

Chapter 8 – Money Creation – The Fed from Peak Prosperity on Vimeo.

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Sep 06

Chapter 7 – Money Creation – Banks from Peak Prosperity on Vimeo.

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Sep 04

From the article:

“At the beginning of this century Canada held 46.19 tonnes of gold. Now they hold only 2.99 tonnes. That’s a whopping 93.5% decline in gold reserves in just over a decade!”


canada_smushed

- Presenting The Worst-Capitalized Central Bank In The West (Hint: Not The Fed) (Sovereign Man, Sep 2, 2014):

As the world’s top central bankers gathered at their annual jamboree recently, the governor of Bank of Canada, Stephen Poloz, undoubtedly received envious comments from his fellow money magicians for Canada’s perceived status as a global financial safe haven.

This newly found perception was perhaps best exemplified during a Bloomberg interview, when the CEO of RBC Wealth Management – the biggest financial institution in Canada said that “Canada is what Switzerland was 20 years ago, and the banks in Canada are what Swiss banks were 20 years ago.” Continue reading »

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Sep 03

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Sep 02

- Spain Sells First-Ever 50 Year Bonds At 4% Coupon (ZeroHedge, Sep 1, 2014):

Perhaps in order to celebrate its manufacturing PMI dropping from 53.9 to a below expectations 52.8, refuting the “growth story” promoted by its definitionally re-revised GDP (where the long overdue boost from hookers and blow is finally leading the country to new and improved Keynesian growth curves), moments ago Spain joined the likes of Canada, Caterpillar and Goldman and just issued, for the first time in its history, 50 Year bonds in a private placement. From Bloomberg:

  • SPAIN SELLS EU1B 50-YR BONDS
  • SPAIN TREASURY SELLS FIRST-EVER 50-YR BONDS, COUPON 4%

And since there is no hope that Spain will ever repay this bond, whose rate is dictated by anything – mostly the ECB’s monetary policy – but the fundamentals it is functionally equivalent to Spain raising new equity without a maturity date and a 4% dividend. Continue reading »

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Aug 31

- It’s Settled: Central Banks Trade S&P500 Futures (ZeroHedge, Aug 30, 2014):

Based on the unprecedented collapse in trading volumes of cash products over the past 6 years, one thing has become clear: retail, and increasingly, institutional investors and traders are gone, probably for ever and certainly until the Fed’s market-distorting central planning ends. However, one entity appears to have taken the place of conventional equity traders: central banks.

Courtesy of an observation by Nanex’s Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by “trade” we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products. Continue reading »

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Aug 28

- Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself (SHFTplan, Aug 27, 2014)

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Aug 27

… and Europe:

- Germany Blesses ‘Bail-In’ Deposit Confiscation Plan For Failing EU Banks

- UK Bank RBS Has ‘£100 Billion Black Hole’ & In ‘Danger Of Failing’ – Bail-Ins Cometh

H/t reader squodgy:

“Being a former member of the chosen few, he rejected their ways and chose a form of Christianity.
He knows how the corrupt jews think and plan, and so far, his assessment has been spot on.

This next forecast is worrying, not least because it proves where all the bail out money has gone…..and it isn’t to the middle and lower classes…..”

Bail-ins are coming to a country near you.

Brother Nathanael’s YouTube channel is blocked in several countries, which is why I have provided some alternative uploads for you.

Prepare for collapse.

Physical gold and silver will protect you from bail-ins, but only real preparedness (food, water etc.) will keep you and your family alive.

They don’t need to confiscate your guns, all they need to do is collapse the system and head to their DUMBS …

- Whistleblower Reveals Secret Underground Base Beneath Denver International Airport

- Deep Underground Military Bases (D.U.M.B.S.) In California

- Deep Underground Military Bases (D.U.M.B.S.) – US Has Been Building Large Scale Underground Cities

Most people have only food for 3 days and then the only thing they have left is guns and ammo, lots of ammo.

And then what?

- Dr. Rima E. Laibow: The Globalist Depopulation Agenda (Video):

In 2002 one of Dr. Rima E. Laibow’s patients, a head of state, told her:

“It’s almost time for the great culling to begin.”

Dr. Rima E. Laibow’s husband is Albert “Bert” Newton Stubblebine III a retired Major General in the United States Army. He was the commanding general of the United States Army Intelligence and Security Command from 1981 to 1984, when he retired from the Army.

- Sinister Sites: The Georgia Guidestones

- The Georgia Guidestones: ‘Maintain Humanity Under 500,000,000′


Alternative 1:

Alternative 2:

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Aug 27

Cornel West

- Cornel West slams ‘counterfeit’ Obama’s presidency (RT, Aug 25, 2015):

Cornel West, activist and professor at Union Theological Seminary, ripped Barack Obama’s “Wall Street presidency,” calling him another neoliberal “counterfeit” after posing as a progressive in his initial campaign for the White House in 2008.

“We ended up with a Wall Street presidency, a drone presidency, a national security presidency,” West told Salon.com’s Thomas Frank.

“The torturers go free. The Wall Street executives go free. The war crimes in the Middle East, especially now in Gaza, the war criminals go free. And yet, you know, he acted as if he was both a progressive and as if he was concerned about the issues of serious injustice and inequality and it turned out that he’s just another neoliberal centrist with a smile and with a nice rhetorical flair.”

Public intellectual West lamented Obama’s failure – or refusal – to attempt a revival of democratic principles at a time of “an empire in decline.”

“Our culture is in increasing decay. Our school systems are in deep trouble. Our political system is dysfunctional. Our leaders are more and more bought off with legalized bribery and normalized corruption in Congress and too much of our civil life. You would think that we needed somebody—a Lincoln-like figure who could revive some democratic spirit and democratic possibility.”

West said at a time of deep need for solutions, for a change of culture in the gilded halls of Washington, Obama was another “opportunist.” Continue reading »

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Aug 23

wealth-confiscation

- Is Portugal Next In Line For Wealth Confiscation? (Doug Casey’s International Man, Aug 22, 2014):

The pattern should be seared in your memory by now. If you fail to recognize it, you could be struck with a huge financial blow.

It’s a pattern that has played out over and over throughout history: a government gets into financial trouble, then denies there’s a problem, which is followed by a surprise wealth grab.

That’s exactly what happened when bank deposits in Spain and Cyprus were raided. We’ve also seen retirement savings confiscated in some form in Poland, Portugal, and Hungary. Capital controls have been imposed in Cyprus and Iceland.

Of course these aren’t the only examples of blatant government thievery. These examples are just within Europe and just within recent years. They can and will happen anywhere. Continue reading »

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Aug 23

Alternative upload:

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Aug 22

- Big Banks “Bought” Congress … So Credit Derivatives Are Bigger than Ever (Washington’s Blog, Aug 21, 2014):

The Causes of the 2008 Crisis Have Never Been Addressed

We’ve noted for years that Washington never reined in the risky derivatives which helped cause the 2008 crash … and so the big banks hold more derivatives than ever.

We’ve also noted that the financial services industry has bought and sold Congress.

Indeed, Washington never fixed the causes of the 2008 financial crisis.

Yesterday, Janet Tavakoli gave a good overview of the problem to CBC: Continue reading »

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Aug 21

- Bank of America agrees to $17bn fine over mortgage fraud – report (RT, Aug 20, 2014):

America’s second largest lender has reached a $17 billion settlement with US federal authorities over selling bad mortgages, according to sources close to the negotiations.

The bank will pay out $10 billion in cash and $7 billion for consumer relief – such as modified home loans and refinanced mortgages, AP reports, citing officials close to the negotiations. The final verdict is due on Thursday.

The fine will be the largest single compensation settlement, beating out JPMorgan Chase & Co’s $13 billion penalty paid in November 2013. Citigroup, another major US bank, had to pay $7 billion in July. Continue reading »

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Aug 21

H/t reader squodgy:

“Several years ago, when I first got interested in who owns what, I saw this video which shows where the man himself was worming his way in.

Not only is he now selling weather guarantees (no connection with chemtrails & HAARP there then?!?!….erm), he is advocating the one world currency and the supervisor of the Chinese Central Bank is his ‘friend’.

Again, what we are seeing is all window dressing to keep us confused. Whatever Vlad does with China, it has Rothschild’s nod of approval because they’re already in there.

Think about it, the USA and EU are bust, the BDI is bottomed so world trade is grinding to a halt. China has just admitted it has been borrowing trillions to build twenty cities……….who other than the people who own 90% of world assets would stump up that much? It was their perfect leverage to gain control of the Chinese financial sector.

In my humble opinion, the Chinese Credit Card is one of Rothschild’s moves, and if Vlad locks in to it, it will please Evelyn.”


June 7 (Bloomberg) — Evelyn de Rothschild, chairman of E.L. Rothschild Ltd., talks about China’s economic development and outlook for the country’s financial services industry. De Rothschild speaks from Beijing with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)

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