Oct 18

- Handelsblatt: “Four German Banks On The Brink” (ZeroHedge, Oct 17, 2014):

Several days ago we were confused why, out of the blue, a €1 billion loan BWIC appeared that was dumping German non-performing loans. After all, the whole point of the European “recovery” fable to date has been to deflect all the attention from the “pristine” German banks, up to an including world-record derivatives juggernaut Deutsche Bank,  and to focus on Greece and other insolvent peripheral European nation. Earlier today, German Handelsblatt provided an answer, when it reported that “four German banks are on the brink”, i.e., four banks of which three are known, HSH Nordbank, IKB and MunchenerHyp, will likely fail the ECB’s stress test whose results are due to be announced next Friday.

Keep in mind that this is a significant fraction of the 24 German banks that are undergoing the ECB’s Stress farce test. So one wonders: if one in six German banks is so unsafe even the ECB (which kept Cypriot banks going well past their insolvency) will give them a black stamp (because in Europe failing a bank stress test is first of all impossible since both Bankia and Dexia passed theirs with flying cololrs, but more importantly a death sentence), what does that leave for the rest of Europe’s banks, all of which are in far more dire shape than sleepy Germany?

In any case, here is Handlesblatt’s warning: Continue reading »

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Oct 17

- For Bank Of America, Crime Is Now An Ordinary Course Of Business (ZeroHedge, Oct 16, 2014):

Between Q4 2011 and Q3 2014 Bank of America produced “Net Income” of $15.9 billion. However, the amount of added back “one-time, non-recurring” legal expenses is a stunning $28.9 billion: two of every three dollars, non-GAAP as they may be, comes from Bank of America engaging in criminal activity… and getting caught for it! So perhaps an even more relevant question than how long will the EPS “addback” bullshit continue, is how long will the regulators and enforcers allow Bank of America to exist as an organization for which two-thirds of its “ordinary course business” is, for lack of a better word, crime?

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Oct 17

Description:

“Eustace Mullins was the most dangerous man in the world” according to FBI director Hoover. He found out too much that people in power would prefer to remain hidden so they could continue their dirty work unhindered. Eustace Mullins describes the FBI’s persecution in his book “A Writ for Martyrs.” The FBI-files are full of blacked out parts, showing the governments utter contempt for people’s right to know the crimes against humanity especially against those requesting the information it is guilty of & tries to escape prosecution – which is the act of cowards! They may escape their rightful punishment in this age, as the government is the best organised criminal organisation because it also owns the courts, but soon God will judge all the devils seeds and throw them into eternal fire! Matthew 13: 24-50; Revelation 21:8

“Eustace Mullins was absolutely BRILLIANT in his research, writing and verbal presentations, and as honest a man and scholar as our country has ever produced. In all the interviews I had the great honor of doing with Eustace, he never ceased to amaze me…and to teach all of us critically-important truths about our world and the evil, satanic group that is and has been dominating it for far too long. HIs knowledge and wisdom about the controllers was simply astonishing.” said Jeff Rense. Continue reading »

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Oct 17


Nov 25, 2011

Conspiracy Con 2002, Marriott Hotel Santa Clara CA, May 26, 2002

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Oct 17

FYI.


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Oct 16

- Fed Hits Rumor Panic Button: “Sources” Confirm Yellen’s Confidence In US Recovery (ZeroHedge, Oct 15, 2014):

It would appear The Fed is in panic mode. According to two “people familiar with her comments” – who asked not to be named because the meeting was private last weekend:

  • *YELLEN SAID TO VOICE CONFIDENCE IN EXPANSION AMID FOREIGN RISKS

Of course, this is now the last thing that markets want to hear since it means she is less likely to unleash QE4. Continue reading »

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Oct 15

- Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap (Bloomberg, Oct 14, 2014):

Too big to fail is likely to prove a costly epithet for the world’s biggest banks as regulators demand they increase holdings of debt securities to cover losses should they collapse.

The shortfall facing lenders from JPMorgan Chase & Co. to HSBC Holdings Plc could be as much as $870 billion, according to estimates from AllianceBernstein Ltd., or as little as $237 billion forecast by Barclays Plc.

The range is so wide because proposals from the Basel-based Financial Stability Board outline various possibilities for the amount lenders need to have available as a portion of risk-weighted assets. With those holdings in excess of $21 trillion at the lenders most directly affected, small changes to assumptions translate into big numbers. Continue reading »

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Oct 14

From the article:

“If central banks have learned anything since 2008, it’s that waiting around for the panic to deepen is not a winning strategy.

Put yourself in their shoes. Isn’t this what you would do, given the dearth of alternatives and the very real risks of implosion? Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.

If $1 trillion doesn’t do the job, make it $3 trillion, or $5 trillion. At this point, it doesn’t really matter, does it?”

Unless their Rothschild overlords tell them to do simply nothing this time.


- Will the Fed Let the Stock Market Crash Before an Election?  (OfTwoMinds, Oct 12, 2014):

Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.

Since I’m writing this on Sunday evening, if the Dow Jones Industrial Average opens down 1,000 on Monday morning, I’m going to look very foolish. Such is the risk of being contrarian. So what’s contrarian now–expecting a crash or expecting a bounce and rally?
Exactly what the sentiment consensus is right now is open to debate. Analysts expecting a stock market crash see those expecting a rebound as the consensus view. Continue reading »

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Oct 14

mastercard-to-adopt-new-rules-in-russia.si

- MasterCard to comply with new rules and remain in Russia – CEO (RT, Oct 13, 2014):

The MasterCard international payment system will continue operating in Russia and comply with the new rules set out by the Central Bank of Russia, CEO Ajay Banga has said.

We have intentions to remain in Russia,” TASS quotes Ajay Banga the President and Chief Executive of MasterCard.

My approach is that we will follow the new rules. The law requires a partnership with the Central Bank of Russia. We think, this is reasonable for Russia,” he said. Continue reading »

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Oct 14

- Is The Bank Of England Giving The Market A Hint Of What’s To Come? (ZeroHedge, Oct 13, 2014):

Despite Bank of England’s Mark Carney confident overtones that policy-makers must focus on economic developments rather than worry about potential market volatility as they consider exiting stimulus, it appears the esteemed central bank is communicating ‘forward guidance’ on its money-printing expectations over the next decade… BANK OF ENGLAND SIGNS 10-YEAR BANKNOTE PRINTING CONTRACT WITH DE LA RUE… starting in April 2015 (when US rate hikes might start?)

Carney warns: Continue reading »

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Oct 13

- Why Tomorrow It Could Get Even Worse (ZeroHedge, Oct 13, 2014):

While today’s market dump was certainly dramatic, it was a function of the scant liquidity in the market (as we warned would be the case first thing) and outsized moves following last week’s mauling, not the result of any fundamental (or not so fundamental) news.

That could change tomorrow, and change for the worse, because as Barclays reminds us, tomorrow is when the European Court of Justice (ECJ) is scheduled to hear testimony on the ECB’s non-existent Outright Monetary Transactions program (OMT). Recall that the OMT is the imaginary (again: non-existent) byproduct of Draghi’s “whatever it takes” speech: a byproduct that was supposed to exist purely in the imaginary realm (as it was merely a verbal bluff, one which was never meant to be actually activated), and never actually take practical shape (hence, why the OMT’s legal term sheet still does not exist, over two years later).

Sadly for Draghi, and the entire Deus Ex theater that managed to send European peripheral bonds from record wides yields to record low, tomorrow it will attain some much dreaded shape.

And while a ruling on the legal questions forwarded by Germany’s Constitutional Court is not expected this year, the hearing and questions posed by EU judges may give some early insights into their views and to what extent they might share the view of the German court that, unless several restrictions are imposed, the OMT should be considered illegal under European law. Continue reading »

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Oct 12

Preparing/test run for the ‘BIG ONE’?


Britains Chancellor of the Exchequer George Osborne (R) speaks to U.S. Treasury Secretary, Jack Lew.(Reuters)
Britains Chancellor of the Exchequer George Osborne (R) speaks to U.S. Treasury Secretary, Jack Lew.(Reuters)

- Bankocalypse drill: US and UK to run ‘too big to fail’ collapse simulation (RT, Oct 11, 2014):

The US and UK will stage a comprehensive simulation next week check whether the countries’ financial and banking sectors are still vulnerable to the problem of the ‘too big to fail’ institutions and coordinate their actions in case of such collapse.

Government financial leaders from Britain and US will simulate a failure of a large banking institution on Monday in Washington, DC, to test the effectiveness of each county’s banking regulations. Continue reading »

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Oct 12

- The $70 Trillion Problem Keeping Jamie Dimon Up At Night (ZeroHedge, Oct 11, 2014):

Yesterday, in a periodic repeat of what he says every 6 or so months, Jamie Dimon – devoid of other things to worry about – warned once again about the dangers hidden within the shadow banking system (the last time he warned about the exact same thing was in April of this year). The throat cancer patient and JPM CEO was speaking at the Institute of International Finance membership meeting in Washington, D.C., and delivered a mostly upbeat message: in fact when he said that the industry was “very close to resolving too big to fail” we couldn’t help but wonder if JPM would spin off Chase or Bear Stearns first. However, when he was asked what keeps him up at night, he said non-bank lending poses a danger “because no one is paying attention to it.” He said the system is “huge” and “growing.” Dimon is right that the problem is huge and growing: according to the IMF which just two days earlier released an exhaustive report on the topic, shadow banking (which does not include the $600 trillion in notional mostly interest rate swap derivatives) amounts to over $70 trillion globally.

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Oct 11

Former Fed Chairman Edward Quince. Or is it Ben Bernanke
Former Fed Chairman Edward Quince. Or is it Ben Bernanke?

Meet Edward Quince, the Secret Federal Reserve Chairman in 2008 (Wall Street Journal, Oct 9, 2014):

Edward Quince was arguably the most powerful person in the world in the fall of 2008, with the fate of financial markets resting on his high-stakes decisions.

It turns out he didn’t actually exist.

Mr. Quince was the pseudonym then-Federal Reserve Chairman Ben Bernanke used on emails when he was conferring with colleagues during the financial crisis. The false name was revealed as evidence as part of a class-action lawsuit against the government by shareholders of American International Group Inc., which received a giant Fed-backed bailout as it teetered toward collapse. Continue reading »

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Oct 11

Former Fed Chairman Edward Quince. Or is it Ben Bernanke
Former Fed Chairman Edward Quince. Or is it Ben Bernanke?

- Meet The World’s First “Undercover, Super-Secret Central Banker” (ZeroHedge, Oct 9, 2014):

First a secret “Doomsday book“, and now this?

Flash back to those days in September 2008 when the financial system was on the verge of collapse and when first Lehman failed and then AIG was knocking on heaven’s door. While the story of the former has been written, it is the still incomplete history of the latter that is the reason why Hank Greenberg, the largest shareholder of AIG at the time, is suing the US government for bailing out AIG, alleging the US exorted shareholders when it provided a $182 billion bailout to the insurance company whose Joseph Cassano had seemingly sold insurance on every insolvent mortgage-related security: a strategy which worked in a rising market and led to a near systemic catastrophe when the market crashed.

We won’t debate the merits of Greenberg’s lawsuit, which is currently raging in court under STARR INTERNATIONAL COMPANY V. UNITED STATES, U.S. Court of Federal Claims 11-cv-00779 (it should be painfully clear by now that neither AIG nor crony capitalism as it exists now would have survived had Goldman and its NY Fed branch not extended several trillion in taxpayer funds to preserve the status quo), however we will note one thing: recall that when the terms of the AIG bailout first made waves in 2010 courtesy of Darrell Issa we found out something pecliar: none of the members of the Fed had any intentions on making their procedure public. Continue reading »

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Oct 09

And yes, TPTB are testing who is exposing them and is standing up to them.

FYI.



06.10.2014

Description:

V, the Guerrilla Economist, walks us through the labyrinth of the current economic crisis – yes, there is one, and gives us possible dominoes that might fall first, an event or series of events that will ultimately bring down the U.S. Dollar.The Guerrilla Economist, who has a proven near perfect accuracy rate, is the founder and operator of his website, Rogue Money at www.RogueMoney.net. We’ll explore the proxy war going on between Russia (and China) versus the United States, and how this proxy war is laying the groundwork for a potential shooting war, or WW III. Sound ominous? It is, more than most people realize. The Guerrilla Economist will also discuss the Silver and Gold manipulation, and where both metals are expected to be trading in the next 3, 6, 12 and 18 months. Also, Mike Rosecliff will be interviewed with the Guerrilla.

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Oct 09

- Russia Central Banks Scrambles To Halt Plunging Ruble, Spends Over $2 Billion In Last Three Days As Inflation Soars (ZeroHedge, Oct, 8, 2014):

Recently, not a day passes without the Russian Ruble hitting new record lows against the US Dollar due to a combination of both capital outflows from Russia, tumbling prices of crude – Moscow’s most important export – which deteriorates Russia trade and current account position, coupled with the most acute USD strengthening in history in the past few months over fears of a tightening Fed.

Yet for whatever the reason, after stoically ignoring the impact of its tumbling currency on the domestic economy (and as a reminder, Japan would kill for a currency collapse of this magnitude: just think of the “economic renaissance” that would result if only Abenomics was right about killing your currency leading to growth… which it isn’t), the Kremlin is finally starting to feel the pinch leading to the biggest central bank intervention in FX markets since the start of the Ukraine campaign, buying Rubles for a third consecutive day at an amount of over $2 billion, with $1.75 billion purchased in the first two days of the current intervention attempt, and another $420 million in foreign currencies sold overnight according to Bank of Russia data. Continue reading »

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Oct 07

SWIFT Announces It “Regrets The Pressure” To Disconnect Russia (ZeroHedge, Oct 6, 2014):

With ever louder chatter that the west will force Russia to exit the global currency messaging and interchange service that is SWIFT – essentially locking it out of transacting in “developed” currencies – and with correspondingly louder retorts by Russia that it is prepared and would welcome such a move as it would merely force it to abandon the petrodollar and allign even closer with China, there was one entity whose take on the matter had been largely ignnored. SWIFT itself. Surprisingly, in a press release issued this morning,the member-owned cooperative, reveals that not only has it received “calls to disconnect institutions and entire countries from its network – most recently Israel and Russia”, but that it regrets “the pressure” as the “surrounding media speculation, both of which risk undermining the systemic character of the services that SWIFT provides its customers around the world.”

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Oct 05

- JPMorgan hack exposed data of 83 mln, among biggest breaches in history (Reuters, Oct 2, 2014):

Oct 2 (Reuters) – Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history.

The bank revealed the scope of the previously disclosed breach on Thursday, saying that there was no evidence that account numbers, passwords, user IDs, birth dates or Social Security numbers had been stolen.

It added that it has not seen “unusual customer fraud” related to the attack which exposed contact information for 76 million households and 7 million small businesses. Continue reading »

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Oct 05


Sep 17, 2014

Description:

“Corruption, greed and economic inequality have reached a peak tipping point,” writes David Degraw. “Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living. In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.”

In this special 3rd anniversary of Occupy Wall St. edition of Acronym TV, David DeGraw sits down with Dennis Trainor, Jr.

David’s new book, The Economics of Revolution, is now available from DavidDeGraw.org.

DeGraw, who is advocating for a guaranteed income for all US residents, states: “If people could just wrap their head around the fact that we have over $94 Trillion in wealth in the United States, I think we would have a revolution overnight. It has gotten to the point where it would only take 0.5% of the 1%’s wealth to eliminate poverty nationwide.”

About the guest |
David DeGraw is an author and an organizer. An early organizer with Occupy Wall Street, David is credited by many as starting the We Are the 99% meme that launched a movement. He is an independent investigative journalist. In February 2010, DeGraw published a book called “The Economic Elite Vs. The People of the United States of America.” The last section of the book was a call to action, using the concept of 99 percent of American income earners.

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Oct 03


30.06.2014

Sorry for the drama, just trying to do right by our listeners.. Here’s the original interview with a short caveat. The interview begins at 6:05.

Karen Hudes, the Acting General Counsel of the World Bank joins us to discuss the impending collapse of the international criminal banking cartel which Karen says is “imminent”. We discuss the worldwide BOND FRAUD, the 9/11 false flag event, and the fact that Karen says China isn’t bankrupting the FED, we are. The American people and a U.S. DEBT-FREE currency will rise from the ashes after the FEDERAL RESERVE and the FEDERAL RESERVE NOTE collapse – and that day is right around the corner.

Karen’s site:
http://kahudes.net/

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Sep 30

It is said that 80% of the New York Fed is owned by just 8 families:

Goldman Sachs, Rockefeller, Lehman, Kuhn Loeb, Rothschild, Warburg, Lazard and Israel Moses Seif.


- Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs (Economic Collapse, Sep 29, 2014):

For years, many people have suspected that the New York Fed is more or less controlled by the “too big to fail” banks.  Well, now we have smoking gun evidence that this is indeed the case.  A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the New York Fed.  The 46 hours of meetings and conversations that she recorded are being called “the Ray Rice video for the financial sector” because of the explosive content that they contain.  What these recordings reveal are regulators that are deeply afraid to do anything that may harm or embarrass Goldman Sachs.  And it is quite understandable why Segarra’s colleagues at the New York Fed would feel this way.  As a recent Bloomberg article explained, it has become “common practice” for regulators to leave “their government jobs for much higher paying jobs at the very banks they were once meant to regulate.”  If you think that there is going to be a cushy, high paying banking job for you at the end of the rainbow, you are unlikely to do anything that will mess that up.

To say that the culture at the New York Fed is “deferential” to big banks such as Goldman Sachs would be a massive understatement. Continue reading »

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Sep 29

- Revealed – the Troika threats to bankrupt Ireland (The Irish Independent, Sep 28, 2014):

Honohan: ECB officials agreed to threaten Ireland with bankruptcy if the government tried to burn bondholders

The threat was made at a high-level teleconference meeting, details of which have been revealed for the first time by the Central Bank governor, Dr Patrick Honohan.

Mr Honohan, who famously told the nation Ireland would be entering the Troika bailout programme live on radio as government ministers were publicly denying it, also revealed he was kept out of loop about the meeting. Continue reading »

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Sep 29

Suicide-Banker-Blankfein-Goldman-Sachs


- “I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want”  (ZeroHedge, Sep 28, 2014):

If you can’t beat it, may as well bid it. That, at least, is the take home lesson to Nanex’ Eric Hunsader who says that after listening to the “Goldman Tapes” I’m putting everything in GS – because these guys can do whatever the hell they want“…

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Sep 29

Sept. 25 (Bloomberg) — Former Budget Director Under President Reagan David Stockman discusses central banks monetary policies and financial bubbles on “Market Makers.”

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Sep 29

“There is a principle which is a bar against all information, which is proof against all arguments, and which cannot fail to keep a man in everlasting ignorance – that principle is contempt prior to investigation.”
– Herbert Spencer (William Paley according to Wikiquote)


- Great Historical Quotes (TrueWorldHistory):

If you read these in order, they tell a story…

“Who controls the past controls the future. Who controls the present controls the past.” – George Orwell

“One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.” – Plato

“Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you.” – Pericles Continue reading »

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Sep 29

… has been working for the Rothschild’s.

Both families were living in the same house in Frankfurt.


Full article here:

JACOB SCHIFF: THE MOST INFLUENTIAL MAN IN U.S. HISTORY:

A reader asks, “Mike, all roads eventually lead to the Rothschilds of Europe; but who do you think was the most powerful Jew in American history?”

Upon first thought, that almost seems like asking who the greatest baseball player of all time was. Was it Ruth? Gehrig? DiMaggio? Williams? Mays? Mantle? Bonds? (pre & post steroids) There are so many deserving candidates that it appears impossible to say with absolute certainty.

A strong case for the MVZ Award (Most Valuable Zionist) can be made for Paul Warburg, Bernard Baruch, Adolph Ochs, William Paley, Eugene Meyer, Arthur Hays Sulzberger, David Sarnoff, Jack Warner, Carl Laemmle, Henry Morganthau, George Soros, Henry Kissinger, Sumner Redstone, Michael Eisner and a few others. Just ‘Google’ each of those names and marvel at the power which the chosen ones have wielded over the last century. And although they weren’t Jews, the Rockefellers and Morgans were not lacking in political-economic muscle either. Continue reading »

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Sep 28


Mar 3, 2014

William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management. He is a criminologist and former financial regulator.

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Sep 27


Sep 26, 2014

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Sep 27

H/t reader squodgy:

“They are criminals, pure and simple.

The people are victims of manipulated news so what would be true reactions are dumbed down.

However, the Icelandics have successfully prosecuted their crimals, but surprise surprise, nothing in the MSM on this…..”


- Iceland: Bankers convicted, unemployment down (Angry Bear, Sep 26, 2014):

Remember Iceland? During the high-flying early 2000s, its three main banks went berserk, paying high interest rates to international investors that accumulated deposits equal to more than 100% of the country’s gross domestic product (GDP) and making loans equal to 980% of GDP. When the collapse came, Iceland took a route not taken by Ireland, Spain, and other EU countries: Rather than bail out the banks, the government simply let them go bankrupt. The value of the krona fell by about half, the country was embroiled in disputes with the Netherlands and the United Kingdom over paying off Dutch and British depositors, and it had to take an International Monetary Fund (IMF) loan just to stay afloat. Continue reading »

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