Infinite Unknown

- Will It Be Inflation Or Deflation? The Answer May Surprise You (Economic Collapse, May 22, 2013):

Is the coming financial collapse going to be inflationary or deflationary?  Are we headed for rampant inflation or crippling deflation?  This is a subject that is hotly debated by economists all over the country.  Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation.  Others point to all of the deflationary factors in our economy and argue that we will experience tremendous deflation when the bubble economy that we are currently living in bursts.  So what is the truth?  Well, for the reasons listed below, I believe that we will see both.  The next major financial panic will cause a substantial deflationary wave first, and after that we will see unprecedented inflation as the central bankers and our politicians respond to the financial crisis.  This will happen so quickly that many will get “financial whiplash” as they try to figure out what to do with their money.  We are moving toward a time of extreme financial instability, and different strategies will be called for at different times.So why will we see deflation first?  The following are some of the major deflationary forces that are affecting our economy right now… Continue reading »

Tags: Bonds, Collapse, Debt, Deflation, Economy, Fed, Federal Reserve, Global News, Gold, Government, Great Depression, Inflation, Money, Politics, Silver, Society, Warren Buffett

- Four Signs That We’re Back in Dangerous Bubble Territory (Peak Prosperity, May 21, 2013):

Stocks, bonds – everything – at risk

…

Tags: Bonds, Bubble, Collapse, Debt, ECB, Economy, EU, Europe, Fed, Federal Reserve, GDP, Global News, Greece, Japan, Paul Krugman, Stock Market, Unemployment

- America’s Bubble Economy Is Going To Become An Economic Black Hole (Economic Collapse, May 22, 2013):

What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all.  Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy.  You can see this when you step back and take a longer-term view of things.  Over the past decade, we have added more than 10 trillion dollars to the national debt.  But most Americans have shown very little concern as the balance on our national credit card has soared from 6 trillion dollars to nearly 17 trillion dollars.  Meanwhile, Wall Street has been transformed into the biggest casino on the planet, and much of the new money that the Federal Reserve has been recklessly printing up has gone into stocks.  But the Dow does not keep setting new records because the underlying economic fundamentals are good.  Rather, the reckless euphoria that we are seeing in the financial markets right now reminds me very much of 1929.  Margin debt is absolutely soaring, and every time that happens a crash rapidly follows.  But this time when a crash happens it could very well be unlike anything that we have ever seen before.  The top 25 U.S. banks have more than 212 trillion dollars of exposure to derivatives combined, and when that house of cards comes crashing down there is no way that anyone will be able to prop it back up.  After all, U.S. GDP for an entire year is only a bit more than 15 trillion dollars.

But most Americans are only focused on the short-term because the mainstream media is only focused on the short-term.  Things are good this week and things were good last week, so there is nothing to worry about, right?

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Tags: Bill Gross, Bonds, Bubble, Collapse, Debt, Derivatives, Derivatives market, Economy, Fed, Federal Reserve, GDP, Global News, Japan, PIMCO, Stock Market, U.S., Wall Street

- Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever (ZeroHedge, May 21, 2013)

Tags: Banking, Ben Bernanke, Economy, Fed, Federal Reserve, U.S.

- The Federal Reserve Cartel: Part I: The Eight Families (Veterans Today, Dec 4, 2012)

- The Federal Reserve Cartel: Part II: The Freemason BUS & the House of Rothschild (Veterans Today, Dec 7, 2012)

- The Federal Reserve Cartel: Part IV: A Financial Parasite (Veterans Today, Dec 14, 2012)

- The Federal Reserve Cartel: Part V: The Solution (Veterans Today, Dec 17, 2012)

Tags: Banking, Fed, Federal Reserve, Freemasonry, Global News, Government, JPMorgan, Politics, Rothschild, Society, U.S.

- Name The Year Of The Famous Chuck Evans Quotes (ZeroHedge, May 20, 2013):

Evans Quote #1: “Chicago Federal Reserve Bank President Charles Evans on Monday reiterated his belief that the US economy will begin to turn around in the second half of this year. “We think conditions will improve in the second half of this year,”

Evans Quote #2: “The sovereign debt crisis that has enveloped three European nations and threatens to spread to others will slow U.S. economic growth, but the impact will be “minimal to modest,” the president of the Federal Reserve Bank of Chicago said Friday.

Evans Quote #3: Chicago Fed’s Evans comments in speech in Chicago: “economy improving quite a lot; companies seem to be in pretty good shape. Optimistic [XXXX] Will Be Year of Turnaround; US growth will be self-sustaining in [XXXX+1]“

For clarification, three different quotes – three different years…

Answers:

Quote #1

Quote #2

Quote #3

Tags: Bonds, Charles Evans, Debt, Fed, Federal Reserve, Global News, U.S.

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Gangster State America — Paul Craig Roberts (Paul Craig Roberts, May 13, 2013):

There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers.

The sale was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery. No one but the Federal Reserve could have placed such an order, and the order came from one of the Fed’s bullion banks, one of the entities “too big to fail.”

Bill Kaye of the Greater Asian Hedge Fund in Hong Kong and Dave Kranzler of Golden Returns Capital have filled in the details of how the manipulation worked. Being sophisticated investors of many years of experience, both Kaye and Kranzler understand that the financial press runs with the authorized story planted to serve the agenda that has been put into play.

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Tags: Banking, Barack Obama, Ben Bernanke, Collapse, COMEX, Economy, Exchange Traded Fund, Fed, Federal Reserve, Gold, Government, Obama administration, Politics, Silver, U.S.

- Elizabeth Warren Confronts Eric Holder, Ben Bernanke and Mary Jo White on Bankster Immunity (Liberty Blitzkrieg, May 15, 2013):

Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes.  In case you missed it, I highlighted a powerful video a few months ago in which she made regulators squirm when confronted on “too big to jail.” Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is:

“If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”

Indeed, which is why they don’t.  Full letter embedded below.

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Tags: Banking, Barack Obama, Ben Bernanke, Elizabeth Warren, Eric Holder, Fed, Federal Reserve, Global News, Government, Politics, U.S.

- Denver Public Schools Pay $216 Million to Wall Street Banks to Unwind Swaps (Liberty Blitzkrieg, May 12, 2013):

You can move from New York City to Colorado, but it seems you can never escape the all encompassing tentacles of Wall Street parasitism and theft.  I recently covered a similar situation back in March in my piece Wall Street: $474 Million, Detroit: 0. In both cases it seems clear that public officials had no idea what they were getting into and there was a great deal of irresponsibility, but that is beside the point.  It’d be one thing to say these communities should suffer the consequences of their actions if Wall Street had to as well, but we all know that isn’t the case.  So it is highly immoral and culturally destructive to say it’s ok that Wall Street gets bailed out from all their mistakes and then is able to turn around and impose austerity on everyone else.  That’s the way America works today and we can thank Ben Bernanke and Barack Obama for that reality.  We must never forget the enablers in chief of all of this.  Oh, and did I mention that the $216 million paid by Denver represents two-thirds of annual teaching expenses? USA! USA!

From Bloomberg:

Wall Street banks collected $215.6 million that Denver’s public schools paid to unwind swaps and sell bonds since the district began borrowing to cut pension costs in 2008. That sum is about two-thirds of annual teaching expenses.

The district paid $146.6 million last month to banks, including RBC Capital Markets LLC, Wells Fargo Securities LLC and Bank of America Corp., to end interest-rate swaps as part of a second attempt to restructure a 2008 borrowing, bond documents show. The April 17 deal sold as the district’s property-tax rate has risen 26 percent in two years to fund education.

Municipal borrowers from Detroit’s utilities to Harvard University in Cambridge, Massachusetts, have paid billions of dollars to banks to end privately negotiated interest-rate bets sold as hedges. The Federal Reserve’s policy of holding its benchmark borrowing rate near zero since 2008 has turned many of the swaps into wrong-way bets.

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Tags: Bank of America, Banking, Bonds, Economy, Fed, Federal Reserve, Global News, Government, U.S., Wall Street

- Every President His Bubble – And Its Aftermath (Testosterone Pit, May 10, 2013):

During their second term, Presidents become obsessed with “legacy.” One of the yardsticks to measure their success is the stock market. Many people can relate to it. Retirement depends on it. It’s mentioned even on NPR several times a day. Outside of a few shorts, everyone wants it to go up. But President Obama must now be biting his fingernails down to the quick.

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Tags: Barack Obama, Economy, Fed, Federal Reserve, Global News, Government, Obama administration, Politics, U.S.