Oct 22

From the article:

“So – in conclusion – The Fed admits it knew about the risks of JPMorgan’s London Whale in 2010 (2 years before the blow-up) and did nothing about it, and now, two years later, The Fed tells banks it will get serious…”


SUICIDE-GUN

- Fed Inspector General Finds NY Fed Knew Of JPMorgan ‘Whale’ Risks In 2010, “Missed Opportunity” (ZeroHedge, Oct 21, 2014):

Just two years after “The London Whale” took a storm-in-a-teacup to a balance-sheet-busting reality for Jamie Dimon and exposed a face-slapping level of regulatory ignorance of how the TBTF banks ‘trade’ and ‘lever’ their balance sheets, the Federal Reserve’s Inspector General has issued their findings…

Bear in mind, as @ctorresreporter notes, the Fed’s OIG report is a 4-page summary and The Senate released a 300-page report last year… Choose Your Watchdog!! Continue reading »

Tags: , , , , , , ,

Oct 22

- 113 Federal Reserve Staff Members Make $250,000 Annually (Liberty Blitzkrieg, Oct 21, 2014):

Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters:

(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.

Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke. Continue reading »

Tags: , , , ,

Oct 18

- Yellen Translated: “Let Them Eat Cake”  (ZeroHedge, Oct 17, 2014):

ECRI’s Lakshman Achuthan is not happy at Janet Yellen’s speech this morning

According to the Fed’s triennial Survey of Consumer Finances, the top 10% of U.S. families are doing just fine, and those in the bottom fifth are essentially being kept afloat by transfer payments; but the inflation-adjusted median family income has shrunk by one-eighth since 2004. Quite simply, middle-class incomes are being gutted. Continue reading »

Tags: , , , , , ,

Oct 18

- Define Irony: Janet Yellen Talks Inequality, Has Some Advice – Start A Business, Get Rich Parents (ZeroHedge, Oct 17, 2014):

With no mention of the current turmoil in markets – or suggestion of QE99Janet Yellen’s speech this morning on “Inequality and Opportunity” in America explains how the poor can get rich. After admitting that widening inequality resumed in the recovery (and “greatly concerns” her), as the stock market rebounded (driven by Fed’s free money) and cost-conscious share buying-back companies defer wage growth as the healing of the labor market has been slow; she turns her attention to how the poor can beat the vicious cycle. Rather stunningly, she notes the 4 sources of income opportunity in America: The first two are widely recognized as important sources of opportunity: resources available for children and affordable higher education (so more student debt and servitude). The second two may come as more of a surprise: business ownership and inheritances. As she concludes, “this is how individuals and their families can improve their economic circumstances.

Tags: , , , , , ,

Oct 17

dollar-burning

- Data Dependent Fed Ignores ‘Data’ – Bullard Joins Williams In Call For QE4 (ZeroHedge, Oct 16, 2014):

As yet another fed speaker takes the jawboning lectern today, it is becomingly increasingly clear that The Fed truly has only one mandate – to keep stocks up. While claiming to be “data-dependent”, which judging by the general trend of government-supplied data (and President Obama), things are going great; Jim Bullard joins his intervention-prone colleague Williams: BULLARD SAYS BOND PURCHASES SHOULD BE DATA DEPENDENT and SAYS ‘U.S. FUNDAMENTALS REMAIN STRONG’ but BULLARD SAYS FED SHOULD CONSIDER DELAY IN ENDING QE. So much for data-dependence…

‘U.S. FUNDAMENTALS REMAIN STRONG’

Is that so?

Take a look at this if you haven’t done so yet:

- 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy (Economic Collapse, Oct 13, 2014)

Tags: , , , , , ,

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 »

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

Oct 17

FYI.


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

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 »

Tags: , , , , ,

Oct 15

- The QE4 Countdown Has Begun (ZeroHedge, Oct 14, 2014):

Actually, it may well be QE5, or QE6 depending on how one counts Operation Twist and the extension of QE3, but what matters is that the countdown to whatever it is, has begun courtesy of none other than one of the Fed’s biggest doves, the head of the Fed which spawned Janet Yellen, San Francisco Fed’s John Williams

  • FED’S WILLIAMS SAYS QE MAY BE NEEDED IF ECONOMY FALTERS

This is what a happy, money-printing John Williams looks like: Continue reading »

Tags: , , , ,

Oct 15

Faith

Why Is the Put-Call Ratio (Fear Gauge) Higher Than In The Lehman Collapse Of 2008? (ZeroHedge, Oct 14, 2014):

Moments ago, the Fed concluded its latest $931MM POMO, with just 6 more POMOs left ever (at least until another QE program is unveiled), and judging by the last week’s performance, the market has finally figured this out. And Goldman, which has been pounding the table on shorting the 10 Year for about a year now, and in the process crucifying even more muppets, has some bad news for TSY shorts: global growth is crashing.

Over the last week, global equities continued to slide, prolonging a trend that started in early September, according to the “first principal component” of a set of global equity indices (see Exhibit 1). And more recently, the S&P 500 and Germany’s DAX have succumbed to the pressure too, after a period of relative resilience. Declines have picked up steam. Over the last month, many of the markets we track experienced monthly declines that rank in the 5th percentile or worse, relative to their own past histories (see Exhibit 2). The S&P 500, DAX, and Canada (amongst others) had 1st percentile-sized declines. Said differently, monthly sell-offs of this size occur about once every five years.

Visually:

Continue reading »

Tags: , , , , ,

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 »

Tags: , , , , , , ,

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 »

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

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 »

Tags: , , , , , ,

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 »

Tags: , , , , , ,

Oct 11

- Truthstream News 03 Double Episode: About All Those Vaccines… (Truthstream Media, Sep 6, 2014):

In this special double episode of Truthstream News, Aaron and Melissa take on the CDC whistleblower and MMR-autism scandal (and that’s just for starters) — exposing the lies and obfuscations that have hurt untold numbers. Recently released audio of the good doc has now been leaked where he says he would NEVER shoot his pregnant wife up with a thimerosal-containing vaccine.

It’s shameful, but that’s just the icing on the vaccine cake. The evidence that the CDC “hid the decline” of skyrocketing autism rates in connection with a vaccine is just the beginning. Did you know the government’s health agencies never even tested thimerosal, the 50% ethylmercury preservative shot into thousands of children daily for decades and still given to pregnant women in the form of a flu shot? In fact, the CDC says some vaccines given to children still contain trace amounts… Continue reading »

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

Oct 09

From the article:

“Luckily, the people managing it have years of experience in managing massive portfolios, dealing with illiquidity, and trading markets… oh wait!”


- Name The Hedge Fund (ZeroHedge, Oct 8, 2014):

 Back in 2007, the issue of leverage in the investment banking community (which hadn’t mattered to anybody for many years) suddenly mattered to everybody and for the usual reason in such cases: people started to worry about losing money. Amazingly, having financial institutions levered 30x became something to fear seemingly overnight; and, of course, whilst things like that can go on for a long time, as soon as the fear takes hold, it’s game over…

NAME THIS HEDGE FUND

Its leverage is extreme to say the least… Continue reading »

Tags: , , ,

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.

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

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.

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

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/

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

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 »

Tags: , , , , ,

Sep 29

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

Tags: , , , , ,

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 »

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

Sep 27


Sep 26, 2014

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

Sep 27


Feb 3, 2014

Understanding the reality of our government is essential for everyone to “realize, know, and understand”. At the moment the American people do not have a legitimate government. As Rep Traficant said in 1993, it is “de facto”.

Tags: , , , , ,

Sep 26

- How Goldman Controls The New York Fed: 47.5 Hours Of “The Secret Goldman Sachs Tapes” Explain (ZeroHedge, Sep 26, 2014):

When nearly a year ago we reported about the case of “Goldman whistleblower” at the NY Fed, Carmen Segarra, who alleged she was wrongfully terminated after she flagged “numerous conflicts of interest and breaches of client ethics [involving Goldman] that she believed warranted a downgrade of Goldman’s regulatory rating” and which were ignored due to the intimate, and extensively documented on these pages, proximity between Goldman and either one-time NY Fed Chairman and former Goldman director Stephen Friedman or current NY Fed president and former Goldman employee Bill Dudley, we said: Continue reading »

Tags: , , , , , , ,

Sep 23


Jun 10, 2014

See also:


Sep 24, 2013

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

Sep 22

Quantitative Proof The Illuminati Banksters Are Deliberately Destroying The Middle Class


Federal-Reserve-Bernanke1

- Quantitative Proof The Fed Is Destroying The Middle Class (Voices of Liberty, Sep 19, 2014):

Listening to pundits on television, one would think we’ve found a magical species of leprechauns that piss gold rainbows amongst the masses and so we need never again worry about the economy, the markets and whether or not things are improving. And looking at the market’s six-year run to all-time highs, perhaps such euphoria is warranted.

I mean, isn’t the market supposed to be a highly efficient gauge of the underlying economy? The market is a function of expected future cash flows based on demand, supply and productivity. If true, and if the market is at all-time highs, then things must be good, correct? Continue reading »

Tags: , , , , , , ,

Sep 21

- House passes bill to audit Federal Reserve (The Hill, Sep 17, 2014):

The House on Wednesday passed legislation to audit the Federal Reserve System.

Passed 333-92, the bill would require the comptroller general to conduct an audit of the Federal Reserve’s board of governors and banks within one year and submit a report to Congress on the findings. A total of 106 Democrats joined all but one Republican in support of the measure.

A version of the bill sponsored by then-Rep. Ron Paul (R-Texas) passed in 2012 by a vote of 327-98. Paul’s son, Sen. Rand Paul (R-Ky.), has introduced companion legislation in the Senate.

Rep. Paul Broun (R-Ga.), who failed to advance in a Senate GOP primary earlier this year, said the measure would increase transparency at the Federal Reserve. Continue reading »

Tags: , , , , , ,

Sep 18

- The Trolling Continues: Fed Chairwoman Expresses Her Condolences To America’s Poor (ZeroHedge, Sep 18, 2014):

As we discussed earlier in the week, Janet Yellen has released a speech this morning explaining how sorry she is about ‘the poor’ and why they need to get rich. In the speech below, she stresses, “how important it is to promote asset-building, including saving for a rainy day, as protection from the ups and downs of the economy,” despite falling incomes, rising costs, and extending credit, we assume she means. The Fed Chairman has some words of encouragement for the tens of millions of Americans who live at or below the poverty level, including that threatened with extinction class, affectionately known as “the middle.” Her message? It is important to build assets, or said otherwise…  get rich and she promises to “continue to promote asset-building.”

  • *YELLEN SAYS FIGURES ON POOR AMERICANS’ ASSETS IS `SOBERING’ (indeed! but not the rich eh?)
  • *YELLEN SAYS HOUSING CRISIS LEGACY STILL HURTING POOR AMERICANS (need another bubble)
  • *YELLEN: HOUSING IMPROVING, WILL STAY KEY FOR FAMILY ASSETS (as homeownership tumbles)
  • *YELLEN SAYS AMERICANS NEED MORE DIVERSIFICATION OF ASSETS (buy stocks too)
  • *YELLEN SAYS FED WILL `CONTINUE TO PROMOTE ASSET-BUILDING’ (count on the Fed to lift prices)
  • *YELLEN: CRISIS SHOWED VULNERABILITY OF LOW-ASSET HOUSEHOLDS (poor people should save more!)

Remember, one of our favorite charts, showing that while the rich hold assets, the poor are merely drowning in ever more debt: Continue reading »

Tags: , , , , , ,

Sep 18

The Fed’s Laughable GDP “Forecast” Just Got Even Funnier (ZeroHedge, Sep 17, 2014):

What in January 2012 was a 2014 GDP forecast range of 3.7%-4.0% collapsed to 2.1%-2.3% in June (because clearly the Fed couldn’t possibly forecast snow in the winter), and three months later is now 2.0%-2.2%. In short, a 43% forecasting error. Continue reading »

Tags: , , , , ,