Aug 28

The Great Unwind, China Begins Dumping Treasuries (Sprott Money):

US Treasuries-2

charts from: http://www.globalpost.com/dispatch/news/regions/americas/united-states/150204/chart-us-foreign-debt

Behind the scenes is an event unfolding that has the market shaking in its boots. Yet you don’t hear this discussed by the mainstream media, let alone investment bankers.

The reason? It is an event that has been talked about throughout China’s rise to prominence. It has been pondered and feared by Western bankers and politicians. The event I am talking about is the dumping of US treasuries by China. Continue reading »

Tags: , , , , , , , , ,

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 »

Tags: , , , , , , , , , ,

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.

Tags: , , , , , , , , ,

Aug 24

Peter Schiff Warns “The Fed Is Spooking The Markets, Not China” (Euro Pacific Capital, Aug 24, 2015):

Fasten your seat belts, this ride is getting interesting. Last week the Dow Jones Industrial Average was down more than 1,000 points, notching its worst weekly performance in four years. The sell-off took the Dow Jones down more than 10% from its peak valuations, thereby constituting the first official correction in four years. One third of all S&P 500 companies are already in bear market territory, having declined more than 20% from their peaks. Scarier still, the selling intensified as the week drew to a close, with the Dow losing 530 points on Friday, after falling 350 points on Thursday. The new week is even worse, with the Dow dropping almost 1,100 points near the open today before cutting its losses significantly. However, no one should expect that this selling is over. The correction may soon morph into a full-fledged bear market if the Fed makes good on its supposed intentions to raise interest rates this year. Have no illusions, while most market observers are quick to blame the sell-off on China, this market was given life by the Fed, and the Fed is the only force that will keep it alive.

20150824_Fed1

The Dow has now blown through the lows from October 2014, when fears over life without quantitative easing and zero percent interest rates had caused the markets to pull back about 5%. Back then when market fear began spreading, St. Louis Fed President James Bullard publically issued a few choice words which reassured the markets that the Fed stood ready to reignite the QE engines if the economy really needed a fresh dose of stimulus. By the end of the year the Dow had rallied 10%. Continue reading »

Tags: , , , ,

Aug 24

From the article:

Said differently, the risks of the world being at or near the end of its long-term debt cycle are significant.”
Leading to the conclusion that “We Believe That the Next Big Fed Move Will Be to Ease (Via QE) Rather Than to Tighten

Forget Rate Hikes: Bridgewater Says QE4 Is Next; Warns World Is Approaching End Of Debt Supercycle (ZeroHedge, Aug 24, 2015):

In a just released letter to clients, the head of the world’s largest hedge fund delivers one of his usual sermons about the economy as a perpetual motion machine, affected by central banks, and where interest rates are supposed to boost asset returns by being below “the rates of return of longer-term assets.”

None of that is terribly exciting and it is in fitting with what Bridgewater has said for a long time (incidentally, it is curious that just over the weekend, the FT released a piece in which a “US asset manager warns over risk parity” which is what Bridgewater’s bread and butter is all about). Continue reading »

Tags: , , , ,

Aug 24

.Vegas Blondie

In Less Than 10 Years, The Federal Reserve Has Driven Millions Of American Women Into Prostitution (ZeroHedge, Aug 24, 2015):

Hookernomices: In less than 10 years, the Federal Reserve Has Driven Millions of American Women into Prostitution

Mainstreaming Prostitution: Beginning last year, the Bank of England included prostitution in GDP measurements.  According to the Office of National Statistics, prostitution generated $9B a year, adding 0.7% to the UK GDP.  They aren’t alone: Sweden, Norway and a few other European countries already include it.  And if you can measure it, you can tax it.  And legalization is necessary for measurement.

Prostitution is legal in most of the developed world.  In fact, of the G20 countries, prostitution is illegal in just 5: China, South Korea, Saudi Arabia, South Africa, and, of course, the United States.

Mainstreaming Prostitution US-Style: Seeking Arrangement Continue reading »

Tags: , , , , , , ,

Aug 22

From the article:

“Is it any wonder that with “personal finance experts” such as these, that the personal finances of America have never been worse?”


jim_cramer

Americas “Most Trusted Personal Finance Expert” Demands Another Fed Bailout (ZeroHedge, Aug 22, 2015):

Back in August 2007, just as the quant funds had their first taste of what the upcoming collapse would look like and when the Fed for the first time realized that the subprime woes were “not contained” despite what Ben Bernanke had promised previously to Congress, financial comedy TV’s best known mascot, Jim Cramer had a meltdown on CNBC following Bear Stearns’ CFO admission that the fixed-income market turmoil was the worst in 22 years, ranting how the Fed “knows nothing” and how it should promptly bail out the financial system.

Little did Bear Stearns know that less than 9 months later it would no longer exist, but not before the same Jim Cramer proclaimed Bear Stearns was “fine” and is not in trouble when it was trading at $62/share. A week later the company was insolvent and was handed to JPM for a forced take-out at $2/share.

Fast forward 8 years when we just witnessed the biggest weekly market rout in 4 years and largest VIX surge in history, and when – like clockwork – the financial “experts” come crawling out demanding, you guessed it, another Fed bailout.

Here is Suze Orman, self-described as “America’s Most Trusted Personal Finance Expert who, hilariously enough, in a Twitter conversation with none other than financial comedy’s prime mascot made it quite clear how she feels about the market rout: Continue reading »

Tags: , , , , , ,

Aug 20

bubble-pop

How Western Governments Will Steal Your Land, Part I (Sprott Money, Aug 19, 2015):

This was a difficult piece to write, and an equally difficult piece to title, because the people who most need to see this message are simultaneously the least-likely to read it. How do you steal anything? Boiled down, there are only two procedures: doing so via brute-force (i.e. robbery), or doing so by deception (i.e. fraud).

This is primarily a warning about the latter form of stealing, although ultimately there will be brute-force employed, for any who attempt to resist the mass-foreclosures and mass-evictions which are now imminent. To explain how your land will be stolen from (most of) you – by fraud – first requires a brief lesson in economics, conducted via a simple, hypothetical scenario. Continue reading »

Tags: , , , , , ,

Aug 20

Can Kickers United—–Why It’s Getting Downright Hazardous Out There (Contra Corner, Aug 20, 2015):

It’s getting downright hazardous out there, and not just because the robo-machines were slamming the “sell” key today. The real danger comes from the loose assemblage of official institutions which claim to be running the world.

Tags: , , , ,

Aug 19

“Evidence in support of Bernanke’s view of the channels through which QE works is at best mixed. There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed inflation and real economic activity. Indeed, casual evidence suggests that QE has been ineffective in increasing inflation.”


001-ben-bernanke

–  After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake (ZeroHedge, Aug 19, 2015):

As you’re no doubt aware, the Fed is fond of using the research departments at its various branches to validate policy and analyze away bad economic outcomes. For instance, earlier this year, the San Francisco Fed came up with an academic justification for the now infamous double seasonally adjusted GDP print – they call it “residual seasonality.” Then there’s the NY Fed, where researchers recently took to the bank’s blog to explain why, despite all evidence to the contrary, Treasury liquidity is “fairly favorable.” Continue reading »

Tags: , , , ,

Aug 12

Dollar Tumbles As Fed Rate Hike Suddenly Looking Very Uncertain To Goldman, Bank Of America (ZeroHedge, Aug 12,  2015):

After China’s shocking currency devaluation, which some more conspiratorially-minded observers have concluded was China’s retaliation to the west for the IMF’s recent snub that pushed back China’s evaluation for inclusion into the SDR to some indefinite point in 2016, the only question on everyone’s mind is whether the Fed will delay or outright cancel any imminent “data-dependent” rate hikes as a result of the implicit tightening of monetary conditions thanks to China, and the dramatic appreciation of the USD which would not have taken place without China.

Tags: , , , , , , ,

Aug 12

captain-obvious-1

Captain Obvious strikes again …


The Fed Is Out Of Options, “QE Is All It Can Do Here” Art Cashin Predicts (ZeroHedge, Aug 11,  2015):

“…they’re in a kind of silly loop where they did QE expecting a reaction… didn’t get it.. and then they did QE again because it didn’t live up to their expectations… but I think they have no other options, if things get negative on the economy, QE is all they can do.”

Tags: , , ,

Aug 03

And what could possibly go wrong?


The World Explained In One Chart (ZeroHedge, Aug 3, 2015):

We could not have put it better – Progress indeed…

Federal-Reserve-progress

 

Tags: , , , ,

Jul 30

Fed Reporter Pedro Da Costa Is Leaving The Wall Street Journal After Asking Yellen “Uncomfortable” Questions (ZeroHedge, July 30, 2015):

It was virtually inevitable.

As we reported on June 17, Pedro Da Costa, one of the more determined and controversial Fed reporters, was shocked to learn he was no longer welcome to ask Janet Yellen uncomfortable questions, questions related to the biggest scandal currently gripping the Fed: its leaks of proprietary information to “expert network” Medley Global (recently sold by Pearson to Japan’s Nikkei) and one which has since morphed into a criminal investigation.

As a reminder, this is the Q&A that got Pedro in hot water with Janet Yellen during the March press conference: Continue reading »

Tags: , , , , , ,

Jul 29

federal-reserve-quantitaive-easing-printing-money

Banks Squirm as Congress Moves to Cut the 6% Dividend Paid to Them by the Federal Reserve (Liberty Blitzkrieg, July 29, 2015):

On December 23 of this year, the Federal Reserve will be 99 years old.  And throughout that 99 years, regardless of boom, bust, recession or Great Depression, the biggest Wall Street banks have been enjoying a 6 percent, risk-free return on the capital they hold at the Fed in the form of dividends.

Have you looked at your checking or money market bank statement lately from JPMorgan Chase or Citibank? How about the statement showing the interest you’re earning on your mortgage escrow account with the big banks? While the country suffers through the lingering effects of the Great Recession caused by the biggest Wall Street banks, the public typically receives less than 1 percent on their deposits at the big banks, while the government has legislated a permanent, risk-free 6 percent guarantee to the Wall Street banks for their capital on deposit at the Fed.  Now that’s an entitlement program that needs to die!

This corporate welfare program gets even better: if the shares of stock were acquired prior to March 28, 1942, the 6 percent risk-free dividend is tax exempt and the bank doesn’t have to pay corporate taxes on it.

– From the excellent 2012 Wall Street on Parade article: Kill This Entitlement Program: The 6% Risk-Free Dividend the Fed Has Been Paying Wall Street Banks For Almost a Century

Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel? Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5% on their money. It’s also quite bizarre. How many other “public institutions” have private shareholders to whom they pay 6% risk free dividends? Continue reading »

Tags: , , , , , , ,

Jul 24

GRouNDHoGS AND PoNZiS...

Fed “Accidentally” Released Dovish Confidential Market-Moving Forecasts, Blames “Glitch”  (ZeroHedge, July 24, 2015):

First The ‘unaudited’ Fed leaks its FOMC minutes. Then they leak ‘inside-information’ to Nikkei’s latest addition, Medley Global advisors (and remain “above the law” with regard consequences. And now, The Fed admits it leaked full blown confidential economic projections (due to a code glitch), whose summary assessment is shown below as per the leaked file.

groundhogs-and-ponzis2

Tags: , , , , ,

Jul 05


Jul 4, 2015

Tags: , , , , , , , , , , , , ,

Jul 05

rothschild

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?



04.02.2013

Evelyn-Rothschild

Continue reading »

Tags: , , , , , , , , , , , , , , , , , ,

Jun 30

revolving-door


 

“Retired” Dallas Fed Chief Joins Barclays As “Senior Advisor” (ZeroHedge, June 29, 2015):

Spin revolving door, spin.

Recently “retired” Dallas Fed chief Richard Fisher — who really, really believed that talk of falling oil prices negatively affecting the Texas economy amounted to “bull droppings” until a JP Morgan analyst reminded him that the “only thing dropping in the Texas economy [was] jobs” — is following proudly in the footsteps of Ben Bernanke, Jeremy Stein, and Janet Yellen (if you count unofficial, off-the-record ‘consultations’) by becoming the latest Fed policymaker to ink a lucrative deal ‘advising’ the private sector.

As WSJ reports, Fisher will become a “senior advisor” to Barclays starting on July 1: Continue reading »

Tags: , , , , ,

Jun 22

The Fed Confirms It Is Above The Law: Yellen Tells Hensarling “No” On Leak Probe Documents (ZeroHedge, June 22, 2015):

Just a few days after Jeb Hensarling accused The Fed of “willful obstruction” in the Congressional leak probe, demanding “immediate compliance” with the subpoena seeing “no legal basis to withhold records from Congress,” Janet Yellen has responded in a letter: YELLEN REPEATS FED CAN’T PROVIDE DOCUMENTS ON LEAK PROBE. If this does not confirm The Fed is utterly above the law, we are not sure what it will take to convince skeptics of the need for an independent audit. As Hensarling previously noted, this appears to be “vigorous and coordinated obstruction.”

* * *

Flashback:

Tags: , , , , , ,