The Silence Is Deafening, Indicators Point To An Event On The Horizon

The Silence Is Deafening, Indicators Point To An Event On The Horizon- Episode 1319

H/t reader squodgy:

“The creature from Jeckyll Island is coming…”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’:

Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report that was just released by the Bank for International Settlements is warning that a new financial crisis could soon strike “with a vengeance”.  So who is right?

It would be nice if it turned out that Yellen was right.  Nobody should want to see a repeat of what happened in 2008, and Yellen seems extremely confident that she will never see another crisis of that magnitude

Read more

The End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know

The End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know:

The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, however, growing opposition to the American standard, and it gained more support recently when several Gulf states suddenly blockaded Qatar, which they accused of funding terrorism. 

Read more

U.S. Weeks Away From A Recession According To Latest Loan Data

U.S. Weeks Away From A Recession According To Latest Loan Data:

Should the current rate of loan growth deceleration persist, the US will post its first negative loan growth, or rather loan contraction since the financial crisis, in roughly 4 to 6 week…  just in time for the Fed’s rate hike.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“Nothing Else Matters”: Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017

“Nothing Else Matters”: Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017:

Central banks have bought a record $1.5 trillion of financial assets in just the first five months of 2017, which amounts to $3.6 trillion annualized, “the largest CB buying on record.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Dr. Paul Craig Roberts: Is Bitcoin Standing In For Gold?

Is Bitcoin Standing In For Gold?:

Paul Craig Roberts and Dave Kranzler

In a series of articles posted on www.paulcraigroberts.org, we have proven to our satisfaction that the prices of gold and silver are manipulated by the bullion banks acting as agents for the Federal Reserve.

The bullion prices are manipulated down in order to protect the value of the US dollar from the extraordinary increase in supply resulting from the Federal Reserve’s quantitative easing (QE) and low interest rate policies.

Read more

A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash

A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash:

According to the Fed’s latest annual “household well-being” report, 23% of US adults are not able to pay all of their current month’s bills in full while 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a car repair or medical bill.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“Trickle Down” Has Failed; Wealth and Income Have “Trickled Up” to the Top .5%

“Trickle Down” Has Failed; Wealth and Income Have “Trickled Up” to the Top .5%:

Central bank policies have generated a truly unprecedented “trickle-up” of wealth and income to the top .5%.

Over the past 20 years, central banks have run a gigantic real-world experiment called “trickle-down.” The basic idea is Keynesian (i.e. the mystical and comically wrong-headed cargo-cult that has entranced the economics profession for decades): monetary stimulus (lowering interest rates to zero, juicing liquidity, quantitative easing, buying bonds and other assets– otherwise known as free money for financiers) will “trickle down” from banks, financiers and corporations who are getting the nearly free money in whatever quantities they desire to wage earners and the bottom 90% of households.

The results of the experiment are now conclusive: “trickle-down” has failed, miserably, totally, completely.

Read more