Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered “fake news” within the “serious” financial community, disseminated by fringe blogs?
In an interview with Swiss Sonntags Blick titled appropriately enough “A Recession Is Sometimes Necessary“, the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by criticizing the growing strength of central banks and their ‘supremacy over the markets and other banks’. The former chief executive officer claimed that the use of negative interest rates and huge positive balance sheets represent ‘weapons of mass destruction’. He calls for an end to the use of negative interest rates. Continue reading »
“Central bankers have fostered a casino like atmosphere where savers/investors are presented with a Hobson’s Choice, or perhaps a more damaging Sophie’s Choice of participating (or not) in markets previously beyond prior imagination. Investors/savers are now scrappin’ like mongrel dogs for tidbits of return at the zero bound. This cannot end well.”
In one of his starkest warnings about the endgame of existing unorthodox, monetary policy, in his latest letter titled “Doubling Down”, Bill Gross repeats a familiar tune, warning that “our financial markets have become a Vegas/Macau/Monte Carlo casino, wagering that an unlimited supply of credit generated by central banks can successfully reflate global economies and reinvigorate nominal GDP growth to lower but acceptable norms in today’s highly levered world.” Continue reading »
The name Rothschild is literally associated with wealth. This is because for over 200 years, the family has remained the most powerful and wealthy family in the world. Most of the Rothschild fortune has been made in the world of banking, but investments in other industries, such as coal, estates, and construction, have helped secure the family’s wealth and immense power.
One of the banks owned by the Rothschild group (the biggest banking group in the world) is the International Monetary Fund (IMF), AKA ’Imposing Misery and Famine’. Not only does the group make money off usurious interest rates at the misfortune of crumbling economies, it literally owns governments and people of power. Because it’s nearly impossible to escape the clutches of the banking group, news of IMF being booted from Hungary is being heralded as a victorious happening. Continue reading »
“Everyday we read headlines on what the central banks are doing. But their policies don’t have any effect. They are just like treading water. All the central banks are doing is substituting one form of debt with another form of debt… I think it means the business of central banks is like pornography: It’s not the real thing.”
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The self-described “magic people” who “give to the markets” are facing a mutiny this morning as Raghuram Rajan, the head of the Indian central bank, admits central banks and governments of rich countries are running out of ammunition for stimulating their economies… but they can never admit as much. Crushing the dreams of “extreme monetary policy”-setters, Rajan goes on to discuss the sanity of ‘helicopter money’ warning that people will not be ‘stimulated’ to spend but will question: “What kind of world are we in when the central bank prints money and throws it out of the window?”…
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We live in strange economic times, stranger perhaps than at any other point in history. Since 2007-2008, the globally intertwined and dependent fiscal system has suffered considerable declines in every conceivable area. Manufacturing around the world is in a slump, from Japan to China to Europe, with the minimal manufacturing accomplished in the U.S. also fading. Consumption is falling, most notably in petroleum and raw materials. Employment is truly dismal, with the U.S. posting over 94 million people as “non-participants” in the national work force. Continue reading »
While “greed was good” in the ’80s, it appears “gold is good” in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers of gold for eight straight years, according to IMF estimates, the longest streak since the first troops were deployed in The Vietnam War.
As Bloomberg notes, Russia, China and Kazakhstan among the biggest hoarders, International Monetary Fund data show. Continue reading »
A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for looting by the West.
Do central banks do something similar?
Economics professor Richard Werner – who created the concept of quantitative easing – has documented that central banks intentionally impoverish their host countries to justify economic and legal changes which allow looting by foreign interests. Continue reading »
As the world places its ‘life’ in the hands of a few unelected members of ivory tower trusting them to centrally plan the global utopia, that faith may be shattered by Bank of Italy Governor Ignazio Visco. As Bloomberg reports, Visco and seven other people were place under investigation according to chief prosecutor. While the statement does not list allegations, court documents reveal alleged corruption, fraud, and abuse of office.
As Bloomberg details,
Bank of Italy Governor Ignazio Visco is under investigation in a probe regarding the 2013 placement of Banca Popolare di Spoleto SpA in special administration, according to a court document obtained by Bloomberg News. Continue reading »
Hitler was financed by Rothschild agents.
The Rothschilds were behind the Russian Revolution and financed Stalin.
The Rothschilds were behind the French Revolution, WWI and WWII.
They are behind the financial crisis, the coming greatest financial collapse in world history and they have WW3 planned for us.
Will Putin move against the Rothschild owned Russian central bank, or not? Will he nationalize it?
Tags: Abraham Lincoln, Banking, Central Bank, Climate Change, Debt, Economy, Fed, Federal Reserve, Global News, Global Warming, Government, Illuminati, Military, New World Order, Politics, Rothschild, Society, U.S., War
– Guess How Many Nations In The World Do Not Have A Central Bank? (Economic Collapse, June 8, 2015):
Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank. So how has this happened? How have we gotten the entire planet to agree that central banking is the best system? Did the people of the world willingly choose this? Of course not. To my knowledge, there has never been a single vote where the people of a nation have willingly chosen to establish a central bank. Instead, what has happened is that central banks have been imposed on all of us. All over the world, people have been told that monetary issues are “too important” to be subject to politics, and that the only solution is to have a group of unelected, unaccountable bankers control those things for us.
So precisely what does a central bank do? Continue reading »
– “It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control” (ZeroHedge, May 24, 2015):
We’re all about to be taken to the woodshed, warns David Stockman in this excellent interview. The huge wealth disparity is “not because of some flaw in capitalism, or Reagan tax cuts, or even the greed of Wall Street; the problem is central banks that are out of control.” Simply put, they have “syphoned financial resources into pure gambling” and the people that own the stocks and bonds get the huge financial windfall. “The 10% at the top own 85% of the financial assets,” and thus, thanks to the unleashing of almost limitless money-printing, which has created a massive worldwide financial inflation, “the central banks have created and exaggerated the wealth gap.” Stockman concludes, rather ominously, “it’s a coup d’etat, the central banks have taken over – unconstitutional domination of the entire economy.”
– Weak Dong Forces Vietnam Central Bank To Devalue Currency (Again) (ZeroHedge, May 6, 2015):
Having put off the decision to devalue the Vietnamese currency in March, the Dong has pressured the weaker limit (1% trading band) of the reference rate ever since. This has led to Vietnam’s central bank devaluing the dong reference rate to 21,673 (from 21,458) for the 2nd time this year. This is the softest the dong has ever been relative to king dollar, pushing them deeper into the currency wars.
– “I’m Not Crazy, I’m Scared” – Why For One Trader, This Time It Is Different (ZeroHedge, April 24, 2015):
Bloomberg’s Richard Breslow, author of “Trader’s Notes” is painfully accurate with his latest take on the “markets.”
I’m Not Crazy, I’m Scared Continue reading »
“Pornography, violence and obscenity on TV and in movies will be increased. People will be desensitized to violence and porn and made to feel life is short, precarious and brutish.”
– Dr Richard Day
– Dutch Central Banker Fired For Being A “Nazi Cross-Dressing, Nymphomaniac, Dominatrix” Prostitute (ZeroHedge, April 16, 2015):
They say don’t let money printing get to your head, but for one now former central banker it is far too late.
The identity of the former employee of the Dutch Central Bank in question is unknown, what is known is that the money authority of the Netherlands has fired a 46-year-old female employee who for 6 of her 8 years with the central bank made money on the side as a “dominatrix prostitute who described herself as a high-class nymphomaniac and earned €10,000 a week dressing up as a Nazi and whipping men.”
While her real name remains unknown (although having worked previously for both ABN-AMRO and ING Bank it is only a matter of time before her ex-colleagues identify her) her “professional name” is public: Conchita van der Waal, as is her motto: “the kinkier the better”. Her role at the Dutch Central Bank is also unknown but according to the Irish Times she had a “supervisory” role. Continue reading »
– Russia Cuts Interest Rate From 15% To 14%, Ruble Rises (ZeroHedge, March 12, 2015):
Following the dramatic December surge in Russian interest rates when the Bank of Russia scrambled to preserve confidence in the then-plummeting currency and sent the interest rate to a whopping 17%, now that the oil price crash has stabilized it has been walking down this dramatic move, and after reducing rates by 2% on January 30 to 15%, moments ago the Bank of Russia once again cut rates this time by the expected 100 bps to 14%. The bank also said that more rate cuts are in the pipeline. Continue reading »
– Bank Of Korea Unexpectedly Cuts Interest Rate To Record Low 1.75%, 24th Central Bank To Ease In 2015 (ZeroHedge, March 11, 2015):
The currency war salvos just keep on coming. Moments ago the BOK unexpectedly (the move was predicted by just 2 of 17 economists polled by Bloomberg) cut its policy rate from 2.00% to a record low 1.75%, in what is clearly a full-blown retaliation against the collapse currency of its biggest export competitor, Japan, whose currency has cratered to a level that many in South Korea believe has become a direct subsidy for its competing exports. As such the only question is why the BOK didn’t cut earlier. And following the surprise rate cut by Thailand earlier today, the “surprise” South Korean rate cut means there are now 24 easing policy actions by central banks in 2015 alone.…
– Poland Cuts Rates More Than Expected, 21st Central Bank “Policy Ease” Of The Year (ZeroHedge, March 4, 2015):
Just hours after India’s ‘surprise’ rate cut (which saw the SENSEX surge and then dump to close red), Poland has surprised the market with a bigger-than-expected rate cut. Despite two-thirds of econmomists expecting a mere 25bps cut, the Polish Central Bank slashed its benchmarket 7-day rate to just 1.5% – the lowest on record. Today’s cut “makes up for inaction in previous months” after Poland held rate flat in January and February (but echoes Poland’s Oct ‘surprise’ greater-than-expected ease of 50bps. Polish stocks dropped on the news (but recovered), banks are weaker, and the Zloty is selling off on this news (pushing back towards record lows)…
- *POLISH CENTRAL BANK CUT LOMBARD RATE TO 2.5%
- *POLISH CENTRAL BANK CUTS KEY INTEREST RATE TO 1.50%
- *POLISH CENTRAL BANK CUTS DEPOSIT RATE TO 0.5%
Poland is seeing economic growth and disinflationary pressures leaving the Central Bank with a policy conundrum… Continue reading »
– China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21 (ZeroHedge, Feb 28, 2015):
And then there were 21. Hours ago on Saturday, the country whose currency is largely pegged to the dollar which itself is now anticipating a rate hike in the coming months, surprised the world by confirming its economic slowdown yet again following a recent rate cut just this past November when it lowered its benchmark rate by 40 bps, after it again cut benchmark lending and deposit rates by 25 bps starting on March 1. Specifically, the PBOC will lower the one-year lending rate to 5.35% from 5.6% and its one-year deposit rate to 2.5% from 2.75%. It also said it would raise the maximum interest rate on bank deposits to 130% of the benchmark rate from 120%.
Well, it’s Not the biggest problem.
– This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300% (ZeroHedge, Feb 23, 2015):
If anyone has stopped to ask just why global central banks are in such a rush to create inflation (but only controlled inflation, not runaway hyperinflation… of course when they fail with the “controlled” part the money paradrop is only a matter of time) over the past 5 years, and have printed over $12 trillion in credit-money since Lehman, the bulk of which has ended up in the stock market, and which for the first time ever are about to monetize all global sovereign debt issuance in 2015, the answer is simple, and can be seen on the chart below.
It also shows the biggest problem facing the world today, namely that at least 9 countries have debt/GDP above 300%, and that a whopping 39% countries have debt-to-GDP of over 100%!
– 20 Central Banks Have Cut Rates In 2015 After “Surprise” Rate Cut By Israel To Record Low 0.1% (ZeroHedge, Feb 23, 2015):
Last week it was 19 central banks (including the ECB which accounts for 19 nations) which had cut rates in 2015, mostly in “surprise”, unexpected easing decisions. Moments ago the number became 20 when the Israel central bank just cut its interest rate by 0.15% to 0.1%, the lowest on record, a move which once again caught the market by surprise as only 3 of 23 analysts had predicted it.
From the article:
“One wonders if that gives any ambitious American prosecutors any ideas?”
– Turkey Central Bank Head Faces 2 Years In Jail For Not Lowering Interest Rates (ZeroHedge, Feb 17, 2015):
Having questioned the need for an independent central bank a week ago, saying that if they can’t cope with their duties, they will be held accountable, Turkey’s President Recep Tayyip Erdogan has filed a lawsuit against the head of Turkey’s central bank, Erdem Basci. As Trend reports, the prosecutor accuses Basci of serious material damage inflicted to Turkey’s citizens as a result of an erroneous interest rate policy of the central bank. Continue reading »
– David Stockman: The Global Economy Has Entered The Crack-Up Phase (PeakProsperity, Feb 15, 2015):
Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.
David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments: Continue reading »
– The Only Question About The So-Called “Recovery” (ZeroHedge, Feb 15, 2015):
We were almost eager to swallow the blue pill and admit that the “recovery” is an actual recovery this time (non-GAAP that is, one where all the economic data is first excluded)… and then we happened to glance at this chart, courtesy of Citigroup’s Matt King.
Ignoring for a second the direct implication of what the chart highlights, namely that due to central bank intervention there is no more net supply of debt left in the world, now that for the first time ever, central banks are set to monetize all global government debt, something we showed previously… Continue reading »
– Sweden Central Joins The NIRP Club: Lowers Interest Rate To -0.1%, Launches QE (ZeroHedge, Feb 12, 2015):
“There are signs that underlying inflation has bottomed out, but the situation abroad is now more uncertain and this increases the risk that inflation will not rise sufficiently fast. The Executive Board of the Riksbank has therefore decided to cut the repo rate by 0.10 percentage points, to -0.10 per cent, and to adjust the repo-rate path down somewhat. At the same time, the interest rates on the fine-tuning transactions in the Riksbank’s operational framework for the implementation of monetary policy are being restored to the repo rate +/- 0.10 percentage point. Moreover, the Riksbank will buy government bonds for the sum of SEK 10 billion. These measures and the readiness to do more at short notice underline that the Riksbank’ is safeguarding the role of the inflation target as a nominal anchor for price setting and wage formation.”
– When This Ends, Everybody Gets Hurt (Peak Prosperity, Jan 21, 2015):
It’s Already ‘Later’
My argument is that it’s already ‘later’. We’re living through the period of time when that dawning recognition of limits will finally burst over the horizon, shining a very bright spotlight on a frightening number of our global society’s unsustainable practices.
The most urgent of them all, as far as everyone reading this is concerned, is the very uncomfortable fact that it is our system of money that is most likely to break first and hardest because its very design demands endless growth, without which collapse ensues. Continue reading »
– Macro Digest: Endgame for central bankers (TradingFloor, Jan 19, 2015):
- Why oh why do we trust central banks?
- Central bankers are politicians’ puppets
- This is endgame for the central banks