Jul 07

H/t reader squodgy:

“Like I said…all banksters are in it together to look after each other.

The crunch is imminent, no doubt.”

Related info:

- Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed’s ‘Safe Hands’

- THE BLAZE: What Really Happened To The German Gold Housed In The United States? (Video)

- China Slowly Buying Up The Physical Gold Market – Germany’s Gold Is Gone (Video)

- Bundesbank Moves Away From Specific Gold Repatriation Schedule

- Dr. Paul Craig Roberts: U.S. Gold Gone (Video)

- Dr. Paul Craig Roberts And Dave Kranzler: The Hows And Whys Of Gold Price Manipulation


gold123

- Germany’s failed attempts to get its gold back from the US ‘opens question of its sovereignty’ (RT, July 7, 2014):

There is neither real criticism from German politicians, nor any visible efforts to return German gold held in the US, so it seems that US controls Germany, economic analyst Michael Mross told RT.

In one of its recent reports Bloomberg claimed that Germany decided not to repatriate its gold reserves from the US, instead the Bundesbank issued an official statement that underscores it’s “trust” in its American partners. According to Bloomberg, Germany gave up after repatriating just 5 tons of gold, though earlier it was told that it would get all the German gold back by 2020.

RT: What’s really behind Germany’s efforts to get its gold reserves back?

Michael Mross: These German efforts to get back gold reserves are not really there. They are talking about it but it is only a simple and ridiculous theatre in my opinion. I cannot see any effort to do it. What we have is lack to re-transport or take back, 300 tons before 2020, but also this is ridiculous – last year they took back only 37 tons. At the end of the day, it is to make the public calm, but it is not really an effort to take back the gold. Continue reading »

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Jul 07

H/t reader M.G.:

“You need to read to the last sentence to get what I have been saying for months. Less than half the world international transactions are now completed in US dollars……..”


US economist Joseph Stiglitz
US economist Joseph Stiglitz

- Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC, July 7, 2014):

Nobel Prize-winning economist Joseph Stiglitz said on Monday he is “very uncomfortable” with current stock market levels, arguing they do not equal a strong economic recovery in the United States.

The Dow breached 17,000 points on Thursday before the U.S. markets closed for the long July Fourth weekend. The jump came after the U.S. government reported the economy created a better-than-expected 288,000 jobs in June and the unemployment rate fell to 6.1 percent.

“The reason the stock market is high, in part, is that interest rates are low, wages are low and the emerging markets are still growing much faster than the U.S. economy, let alone Europe,” Stiglitz said. He pointed to the fact that many U.S.-listed multinationals are increasingly getting a large chunk of their profits from emerging markets. Continue reading »

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Jul 07

H/t reader M.G.:

“How they are white washing rate hikes”

“Suddenly, higher interest rates are a good thing. Rubbish about hiring, the way they twist the numbers is criminal………..
This is what I have been worried about, greedy bankers are going after the higher level of the remaining middle class. These are the folks sitting on multiple properties which they owe more on than they are currently worth……still waiting for that so-called recovery that just isn’t happening.
The FED is a privately held bank, and they serve the greedy, not the nation. They are now digging in their tentacles more deeply. The US has no control of the FED. The worst thing, as my friend who has infinite unknown has said again and again, is the creation of such a monster.

From the article:

“Continued labor market improvements alongside a pickup in second-half growth …”

And yes, you really can’t make this stuff up!

- RECOVERY: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

- RECOVERY: People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows

- US Unemployment Rate Hits 37.2%

- RECOVERY: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

- Another Million People Drop Out Of Labor Force – Now An All Time High 92 Million People Are Out Of The Labor Force

- Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years

Flashback:

- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

And as I’ve said before …

‘Recovery’ is the ‘Greatest Depression’

The U.S. will simply not be able to pay for higher interest rates on its debt (and the Fed will sooner or later go back into high gear quantitative easing mode).

Prepare for collapse … and chaos!


dollar-notes

- Why things could be about to change for the dollar (CNBC, July 7, 2014):

After a weekend of celebrating America’s birthday, traders could come back to the desks Monday and buy its currency, with the stage set for a U.S. dollar breakout in the second half of the year.

Strategists and traders have been predicting it for months: 2014 was supposed to be the year of the dollar, where the Federal Reserve’s tapering of quantitative easing and an improving economy would boost the greenback’s value against other currencies, where central banks are easing or dealing with economic or geopolitical challenges.

But they’ve been wrong. Continue reading »

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Jul 06

bernanke-yellen

Like Bernanke, Yellen is NOT wrong, just evil.

Paul-Krugman-Keynesians-Fail
Mission accomplished!


- Yellen Is Flat-Out Wrong: Financial Bubbles Are Caused By The Fed, Not The Market (ZeroHedge, July 5, 2014):

More of the same from Janet Yellen in her latest speech, but her focus on “resilience” caught my attention as it relates to very recent developments. The taper threat experience last year may have been a warning, but it doesn’t seem like it resonated with her or policymakers. The major bond selloff, which led to global ripples of crisis in credit, funding and currencies, was the opposite of flexibility. Perhaps a better definition of the word would be a place to start.

But her meaning was a bit different, in that it is clear (from this speech and prior assertions, wrong as they were, about the mid-2000’s housing bubble) she sees bubbles as “market” events in which the central bank’s role is primarily shock absorption. In other words, idiot investors wholly of their own accord create bubbles and it’s the job of the munificent and enlightened Federal Reserve to help ensure that such “market” madness is “contained” without further economic destruction.

Continue reading »

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Jul 03

- The Next Global Meltdown Is Baked In: Connecting the Dots Between Oil, Debt, Interest Rates and Risk (Of Two Minds, June 30, 2014)

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Jun 30

Provoking World War III - Antagonizing the Dragon and Bear

- Provoking World War III (Dissident Voice, June 6, 2014):

Antagonizing the Dragon and Bear

It is not prudent and it is not safe to stick an iron rod into a dragon’s mouth. Whatever they say in the West about dragons… but here in Asia, the dragon is revered as the greatest fabled creature on Earth and in the sky. The dragon is wise and patient, and it hardly ever uses force first. But if treated with disrespect and aggression, it is capable of retaliating in a deadly, determined and powerful way.

It is also thoroughly idiotic to go and start terrorizing a sleeping bear. It is obvious what would follow if one descended into a bear’s hole and then started poking a hibernating creature in the head. Nothing good would follow, nothing good at all.

But it appears that those who are ruling the Empire are not obsessed with prudence. They seem to be tired of tiny conflicts, which they are continuously stirring all over the globe. Libya is not enough and Congo is not enough. They need something big, really big; even much bigger than what they had already ‘achieved’ a few decades ago – like the destruction of the entire Indochina or Indonesia.

The Empire needs a mortal fight with mighty opponents.

Instead of helping to build a decent and peaceful world, it needs to cover our planet with innumerable corpses.

This time, if it will be allowed to do it, like it was some 70 years ago, tens of millions, and maybe many more, will vanish.

Once again, it would have to be a dragon and a bear, this time in unison, facing fascism and fighting for the survival of the world.

*****
The anti-Chinese and anti-Russian propaganda howl is reaching a deafening crescendo, especially in Asia. Western media outlets are in the highest gear, spreading propaganda through both their own outlets and through their local media affiliates in the client states, mostly owned by big business.

China and Russia are now vilified, openly insulted, and blamed for the escalation of tensions in the Asia-Pacific region, and for the military build up. The entire mighty Western propaganda machine is now at work, demonizing China, Russia and other independent countries.

It is because the West is obviously pushing this planet towards the war. Not to see it would require truly great discipline.

Politicians are parading, one after another, in front of television cameras, pledging allegiance to capitalism, the Western-style regime or simply put, to the Empire. All those derogatory and inflammatory speeches against their ‘enemies’ are embarrassing, see-through, but nobody in North America and Europe is laughing, as they are becoming the norm.

Many are warning that this can lead to a world war, that the West has lost all restraint and is ready to bathe the planet in blood, once again. A quarter of century ago it appeared that with the destruction of the Eastern block and with China then increasingly on a capitalist course, the West had finally got what it had fought for centuries for – the total and absolute control of the planet.

But recently, something went ‘wrong’ for the West. Latin America rose and most of it gained freedom, then spat on the Monroe Doctrine. China began pushing for socialist reforms in medical care, education, culture and many other spheres. And Russia refused to get bullied and humiliated, reminding both Europe and North America that it is as always powerful and will not be stepped on as happened in the era of Gorbachev and Yeltsin.

North Korea and Iran (countries that have never attacked anyone in modern history) realized that the only way to survive and not to be reduced to dust is by having their own nuclear capacity.

And all these nations: several in Latin America, China, Russia, Iran, joined forces and decided: “Never again!” Never again will they allow the world to descend to the horrors of Western colonialism.

The wet Western dream of unopposed rule over the world is beginning to disappear into thin air. Is the West going to risk the destruction of our planet simply because it cannot own it?

*****
“Stephen Harper attacks Vladimir Putin and ‘evil’ communism”, reported the Canadian news outlet, CBC News on 31 May 2014, in reference to the “lengthy keynote speech” at a fundraising event that the right-wing Canadian PM gave in Toronto. The speech was spiced with “language reminiscent of the height of the Cold War”.

Grotesquely, the President of the most aggressive country on Earth, the United States, Barrack Obama, was promising to ‘curb the aggression’ of Russia and China, two countries that have not invaded anywhere in the last few decades.

In a speech clearly aimed at provoking China, the US Defense secretary Chuck Hagel, spoke more like a thug than a politician: “The United States will not look the other way when fundamental principles of the international order are being challenged.”

‘Which order?’ Some would ask. Was he talking about the order that is being imposed on the world from Washington and European capitals and has been for centuries, at the cost of hundreds of millions of human lives? Quite an order!

Christopher Black, a leading international criminal lawyer based in Toronto, provided an analysis for this report:

The speech made by President Obama at West Point, the American military academy, that the fulcrum of American policy will be to curb the “aggression” of Russia and China immediately followed by his Defense Secretary Hagel in Singapore accusing China of destabilization in the South China Sea, rightly characterized by Lt. General Wang GuanZhong as “threats and intimidation”, express the clear intent of the United States to wage war in all its aspects against the two most powerful nations that dare to develop independently of American domination.

The United States has attacked China several times since World War II, first in the Korean War, followed by decades of attempted sabotage and isolation and then by the NATO bombing of the Chinese Embassy in Belgrade in 1999. It now has continued that pressure by trying to destabilize China internally through various mechanisms of infiltration of “human rights” groups into Chinese society and within China’s military and administrative mechanisms and a constant propaganda campaign to defame China and its people around the world. The momentum of this strategy has been stepped up with the recent attacks by fanatical Muslim groups from western China against Chinese civilians in key cities and transportation hubs and use of provocateurs to attacks Chinese interests in Vietnam, Thailand, the Philippines and Africa and the recent absurd charges against Chinese military officers for cyber attacks.

The recent events in Ukraine show that the pace of this aggression is accelerating as America attempts to complete the encirclement of Russia and China by advancing NATO to Russia’s borders and by repositioning of 60 per cent of US military assets to the Pacific.

But now the true aggressors are blaming the victims for ‘aggression’. And it is nothing new under the sun. Nazi Germany and its propagandists employed the same ‘logic’ and arguments, before and during WWII. And the French used it in Algiers and their other colonies, as did the Brits all over their ‘dependencies’.

*****
In Asia, on a local level, the servile press in countries like the Philippines is taking orders and often surpasses its handlers in the West by its zeal.

On May 25 2014, The Philippine Star began with lashing out at China, continued by quoting the words of Admiral William Locklear III, the commander of US Pacific forces, that “Russia has its own ‘pivot’ in Asia”. Then the newspaper finally produced a few pieces of ‘brilliant’ analyses: “Official sources said Russia’s incursion into Ukraine has raised concern in Washington that China may try something similar in staking its territorial claims, in the guise of protecting its citizens overseas.”

‘Russian incursion into Ukraine?’ That sounds more like propaganda shouting from the pages of the North American or European daily press. In some 15 years of work in the region, after interacting with hundreds of media people from all over Southeast Asia, I have to testify that such a thought as quoted above, could never have come from a local journalist. Here, knowledge about Eastern Europe is very near absolute zero. And after being brainwashed in London, New York and elsewhere, local journalists do not compare. Someone else wrote it. Who did it? We all know it. It is the same source, which sends trolls biting at all my reports written for RT.

Most of the local Philippine press generally concluded that the US has basically no choice but to expand militarily, because of ‘China’s aggressive moves.’ Almost all the newspapers mentioned the high cost of the permanent US military bases in the region, also arguing that ‘spokes’, bases belonging to local countries but wide open for use by US forces, are the real way forward. Such bases would also be located on Australian and Japanese territories, and possibly in Singapore and Thailand, as well as Malaysia.

Now Thailand is certainly ‘secured’, after the army that has been killing millions in the region on behalf of the West, overthrew the progressive and elected government, and took control of the country. The coup is truly timely, isn’t it?

As if it would not already be enough to have countless bases in Africa, the Middle East, Japan, Oceania and those few client states that are still left in Latin America. But of course, those are too far from the main targets – China and Russia.

The mainstream Philippine media is not even bothering to question the integrity of such a military agreement, which is in direct violation of the nation’s Constitution. It is because the journalists in Southeast Asia are not paid and flown for training abroad, to moralize. They are paid to write what suits the elites and their foreign handlers.

Eduardo Tadem, Professor of Asian Studies at the University of Philippines, explained, during our recent conversation in Manila:

The recently signed agreement between the Philippines and the United States is called EDCA (Economic Defense Cooperation Agreement). In this agreement the Philippine government offered virtually all the military bases in the Philippines for total access to American soldiers, for a ten-year period. But who knows for how long, really… This is very dangerous, because all military installations of the country are now open for ‘entry’ of the US forces. And this certainly goes against the Philippine Constitution, which bars the establishment of foreign bases on our territory.

Then what really happened? Why the sudden change?

It has to do with certain factors. One, of course, is the factor of the so-called ‘US pivot’ to Asia. Under Obama there is this strategy of ‘pivoting to Asia’. Second has to do with the so-called Trans-Pacific partnership proposal of the United States; to build some sort of integrated market in the Asia Pacific region. Except that the Philippines is not part of it for now… The third one has to do with the territorial disputes that are taking place in this region, both in the South China Sea and the North China Sea.

China.

It is mainly an issue of nationalism. And it is also because here they were always asking for more assistance, including military assistance. And this is the way to get that assistance. Also remember that Philippine Presidents were consistently supportive of the US. You probably saw the survey that shows that the Philippine people love the United States more than Americans love themselves. So for the Americans it is easy to get support for their China policy here.

I asked both Teresa Tadem, Professor of Political Science at the University of Philippines, and Professor Eduard Tadem, how was it possible that a country, the Philippines, that suffered so severely during its occupation by the United States, during the colonial era, when there were human rights violations, massacres… How come it feels so positive towards its former brutal colonizer?

It has to do with the extremely intensive American propaganda machine, which depicted the colonial era as a benevolent type of colonialism. Atrocities during the Philippine-American War at 1898–1901, which saw 1 million Philippine people killed, which was then almost one tenth of the population, were made to disappear from the consciousness of the people… the genocide, torture… The Philippines was known as the ‘first Vietnam’… all of this has been conveniently forgotten, hidden in the history books. And then of course the image of Hollywood that we are bombarded with…

How dangerous is it to antagonize China and even Russia? For centuries, China had been a very peaceful country, and it still is to this day. Many Filipinos come from China; it is a natural, historical ally… While the West is liquidating, and bombing entire countries into the ground, overthrowing governments, China pulls one oil-rig into disputed waters, sprays a few boats with water cannon, and it is immediately defined as the aggressor.

“It is again all about propaganda. They depicted China as Communist and here they always attach a negative connotation to that word”, said Professor Teresa Tadem.

For me the most dangerous country on Earth now is the United States”, continues Eduardo Tadem. “It has been the most aggressive… intervening in many countries all over the world, thousands of miles from its shores, trying to impose on the planet its vision of a global capitalist system. So, if you compare what China is doing in the vicinity of its territory, and compare it to what the US is doing in all parts of the world, on every continent… then you clearly see the disparity in the image that has been created, depicting China as a danger to peace in the world.

Both professors then expressed deep concern over the fact that the Western propaganda is igniting Sino-phobia in the Filipinos and in other Asians. They pointed out that what the US is doing is actually fanning ultra-nationalism, which can easily mutate into fascism. This is, according to them, an extremely dangerous situation – planting seeds of Sino-phobia all over the continent.

“This can lead to a point of no return”, explains Eduardo Tadem. “I am afraid that this is what is happening now in the Philippines, as well as in other parts of Asia where territorial disputes are taking place.”

And it is clearly not only Sino-phobia that can lead to the destruction of the world, although Sino-phobia is partially, definitely is. Stirring hatred against Russia is also clearly on the menu of the Western masters of propaganda. Stephen Harper of Canada, Polish and Baltic politicians and their irrational anti-Russian speeches, is all leading to a frightening outcome: manufacturing racism against those nations that are standing in the way of US and European domination of the world.

Dehumanizing a potential enemy, unleashing racist and derogatory sentiments against him or her, is the first step in the Western ‘art’ of war, the first step towards a confrontation.

One should seriously question what is being planned? One should demand to know, because what is being planned is most likely really awful.

*****
People are beginning to speak up. Geoffrey Gunn, a prominent Australian historian and Professor Emeritus at Nagasaki University in Japan, wrote to me, for this report:

The international media big notes the “China threat,” yet who is the provocateur? We observe the Japanese Prime Minister in Singapore (May 30) offering to lead an international coalition to check Chinese aggression offering ‘quality’ Japanese naval vessels to obliging clients as with the Philippines and Vietnam. This is madness coming from a nation without official contrition seeking as well to unpick its god-save, the “peace constitution.” Meantime, the neo-con government in Australia overreaches with matching rhetoric, together snaring the US Defense Secretary to offer his own “pivot” to the South China Sea. My spin is to let Asian nationalisms (China, Vietnam, Japan, Korea) resolve their own problems diplomatically – after all the central kingdom has been in place for several millennium – outsiders keep out, militarists watch your step, and China rise peacefully.

From Vietnam, saddened by the new wave of hostilities between two Communist neighbors, Vietnam and China, a renowned Western artist who did not want to be identified, explained the situation:

I have no doubt the West is delighted at the turn of events and will do all it can to further exacerbate the China-Vietnam etc. rift. Of course it serves the pivot to Asia and other nasty US-NATO agendas. But the Vietnamese are just angry at bully China and one can’t argue with them about it. The Vietnam’s PM has been sending text messages to the entire mobile network warning people not to listen to “bad guys” and to only protest within local and international law…

It is striking how emboldened and self-assured Vietnam is becoming, lately, considering that it is actually doing an identical thing as China is – drilling in the disputed area.

Many see tensions between Vietnam and China as dating back to the Chinese punitive expedition to Vietnam (after Vietnam entered Cambodia and deposed the Khmer Rouge), known as the Sino-Vietnamese War of 1979. And it is almost bizarre to observe how unforgiving Vietnam is towards China, but how reconciliatory it has become towards the United States.

During the Sino-Vietnamese War some 10,000 Vietnamese civilians lost their lives – definitely not an insignificant number. But how could it even be compared to the millions of Vietnamese civilians who died in the “American War” (or the “Vietnam War” as it is known in the West). During the American War, entire cities were leveled into the ground, fields poisoned, women raped and people burned by napalm and other chemicals.

But, as in case of the Philippines, the creeping Western propaganda erased many of the horrors from people’s minds.

I spent 3 years in Hanoi. Holding US citizenship, I was treated with respect and never insulted. In a stark contrast, now Chinese businesses are being attacked and going up in flames, while Chinese people (from Mainland China, but also from Taiwan and elsewhere), are being chased, beaten, and even killed.

In the meantime, RT reported:

Visiting Washington, General Fang Fenghui also blamed the Obama administration’s “pivot” to Asia as a reason for heightened tensions in the region. He said some Asian nations have used the strategic shift to create mischief in the South and East China Seas.

*****
Are we being dragged into the final global confrontation, to a possible WWIII? Observed from Asia Pacific or from Ukraine, it clearly appears so.

Christopher Black has no doubts that provoking, antagonizing and insulting powerful independent countries like Russia and China may be the next step towards the destruction of our human race:

All these actions are preparations for war. In fact, the positioning of American anti-ballistic missile batteries in Eastern Europe is in preparation for a nuclear first strike on Russia. Those batteries are deployed solely for the purpose of trying to intercept a retaliatory strike by Russian nuclear forces after a US first strike. They have no other purpose. These preparations for a war of aggression, in fact nuclear war, are a clear violation of the UN Charter and all international laws and can rightly be characterized as war crimes. But since the United States has contempt for all international laws and civilized standards of behavior we can expect these preparations to continue.

Mankind rests on the brink of annihilation for no other reason than the American pursuit of unlimited profit. They are the extremists of the capitalist system. We must hope that the skillful diplomacy we have seen employed by both Russia and China, the increased pace of their bilateral cooperation with each other and their increased steps to achieve multilateral cooperation throughout the world from Latin American to Africa and Europe and Asia will change the power dynamics of the world sufficiently to prevent the Americans and their allies from achieving their aims so that the peoples of the world can live in peace and devote their energies to solving mankind’s pressing problems.

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Jun 29

- The Delusion Of Perpetual Motion; Bob Shiller Warns “I’m Definitely Concerned” (ZeroHedge, June 29, 2014):

I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now? I can tell you: 1929, 2000 and 2007;” warned Bob Shiller this week, adding that “it’s likely to turn down again, just like it did the last two times.”

As John Hussman explains,

The central thesis among investors at present is that they are “forced” to hold stocks, given the alternative of zero short-term interest rates and long-term interest rates well below the level of recent decades (though yields were regularly at or below current levels prior to the 1960s, which didn’t stop equities from being regularly priced to achieve long-term returns well above 10% annually). The corollary is that investors seem to believe that as long as interest rates are held near zero, stocks will continue to advance at a positive or even average or above-average rate. Continue reading »

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Jun 29

It’s Ukraine vs East Ukraine, but Russia is now told to solve the problem the U.S. and the EU have created in the first place?


- EU Gives Russia Three Days to De-Escalate Ukraine Crisis, Threatens Sanctions (RIA Novosti, June 27, 2014):

BRUSSELS, June 27 (RIA Novosti) – The European Council on Friday said it would give Moscow three days to de-escalate the situation in Ukraine, or it will impose new sanctions against Russia, according to a statement published Friday.

The European Council also set conditions for the de-escalation.

“The European Council expects that by Monday 30 June the following steps will be taken: Agreement on a verification mechanism, monitored by the OSCE, for the ceasefire and for the effective control of the border; return to the Ukrainian authorities of the three border checkpoints (Izvarino, Dolzhanskiy, Krasnopartizansk); release of hostages including all of the OSCE observers; launch of substantial negotiations on the implementation of President [Petro] Poroshenko’s peace plan,” the statement reads. Continue reading »

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Jun 27


Added: Apr 15, 2014

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Jun 27

Former Governor Warsh Slams Fed’s “Reverse Robin Hood” Policies (ZeroHedge, June 26, 2014):

Isn’t it odd that when ‘officials’ are no longer part of the status-quo-sustainers, how the truthiness flows… As former Fed Governor Kevin Warsh explained this morning, “on the fairness point – if you have access to credit, if you’ve got a big balance sheet, the Fed has made you richer,” concluding rather too honestly for some people’s liking, “I would say [Fed policy] has been in some sense Reverse Robin Hood.” The bottom line, he chides, “this is a way to make the well to do more well to do because that’s all the Federal Reserve can do.”

 

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Jun 27

Germany’s “End The Fed” Protest Organizer Gets Car Fire-Bombed (ZeroHedge, June 26, 2014):

Anyone saying “the Fedeal Reserve Act is bad” in Germany is, according to Lars Maehrholz, looked upon by the mainstream as being a Nazi. The organizer of the widespread “End The Fed” rallies that we discussed previously, explained that he is not only under attack by the main stream media and political system in Germany but also physical threats that resulted in a car he was in getting fire bombed by an anonymous perp.

As WeAreChange reports,

Lars received threats that this would happen online and now his friends car that he was in, was set on fire.

The police say that the car caught on fire by itself and are not investigating the case. Luckily Lars and his friend were not in the car when it was set on fire.

In this video Luke Rudkowski talks to Lars Maehrholz a skydiver that became the main organizer of the massive Monday peace vigils in Berlin.

The Monday peace vigil is an autonomous fully independent movement that gained massive popularity in Berlin that is against the U.S Federal Reserve.

 

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Jun 26

- Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated (Economic Collapse, June 25, 2014):

How in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case.  But first, let’s talk about the revised GDP number for the first quarter of 2014 that was just released.  Initially, they told us that the U.S. economy only shrank by 0.1 percent in Q1.  Then that was revised down to a 1.0 percent contraction, and now we are being informed that the economy actually contracted by a whopping 2.9 percent during the first quarter.  So what are we actually supposed to believe?  Sometimes I almost get the feeling that government bureaucrats are just throwing darts at a dartboard in order to get these numbers.  Of course that is not actually true, but how do we know that we can actually trust the numbers that they give to us?

Over at shadowstats.com, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers.  According to his figures, the U.S. economy has actually been continually contracting since 2005.  That would mean that we have been in a recession for the last nine years.

Could it be possible that he is right and the bureaucrats in Washington D.C. are wrong? Continue reading »

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Jun 26

- The State Of The Union: A Friendly Reminder Where We Stand Now (ZeroHedge, June 25, 2014):

Spend more than a few minutes watching CNBC (yes all 2,000 of you) and you will be told how great things are, how great things will be, and how (no matter how bad the immediate ‘event’ is) the hockey-stick of future exceptionalism will always be there. In the interests of full disclosure, that is wrong and these four charts show why… a friendly reminder of the state of the union…

20140625_oomph

…But then there is all this wonderful wealth creation… Continue reading »

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Jun 21

“End The Fed” Rallies Are Exploding Throughout Germany (Liberty Blitzkrieg, June 19, 2014):

This is a fascinating development and one that I had no idea was happening until today. It seems that rallies are spreading throughout Germany protesting the corrupt and dying global status quo. One of the key targets of these groups is the U.S. Federal Reserve system, which as I and many others have maintained, is the core cancer infecting the entire planet.

As I tweeted earlier today:

According to the organizer of these rallies, they have now spread to up to 100 cities and have a combined attendee base of around 20,000. What is also interesting, is that the mainstream media in Germany is calling them Nazis. In Germany, if you don’t support Central Banking, this apparently means you are a Nazi. What a joke. Just more proof mainstream media everywhere is complete and total propaganda. It is also a good sign, since it shows the desperate lengths to which the power structure will go to keep their criminal ponzi alive.

Do these folks seem like Nazis to you?

In Liberty,
Michael Krieger

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Jun 21

Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!

“When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
- Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
- Ron Paul


weimar-hyperinflation

- Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else (Economic Collapse, June 19, 2014):

Have you noticed that prices are going up rapidly?  If so, you are certainly not alone.  But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be.  Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine.  But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless.  Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high.  In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.

But you would never know that listening to Federal Reserve chair Janet Yellen.  In the video posted below, you can listen to her telling the media that there is absolutely nothing to be concerned about…

And it is really hard to get too upset with Janet Yellen. Continue reading »

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Jun 21

Let me again say, for all those that still believe that we have just stupid & incompetent politicians (all of the time), that our politicians are nothing but elite puppets, and that they are are just following the orders of their masters. Period.

Here’s Obama in 2006:

Obama Debt Ceiling

Couldn’t have said it better, yet … 

- U.S. Government Debt Up $6.666 Trillion Under Obama (CNS News, Feb 4, 2014)

These elitists totally control and own our government, the Fed, the banksters, the media etc.

The destruction of the middle class and America is done by design.

This is a controlled demolition and also the greatest bank robbery in world history (and the banks are doing the robbing).

And the worst is still coming.


- Marc Faber Explains The Fed’s Dilemma In 15 Words (ZeroHedge, June 20, 2014):

For over 5 years we have been explaining the hole that the fed has been digging (most ironically here). This morning’s op-ed by Warsh and Druckenmiller highlights many of the problems but we leave it to Marc Faber to succinctly sum up the dilemma that the Fed faces (and by dilemma we mean, the plan) – “The more they print, the more inequality there is, the weaker the economy will become.” Simply put, “it’s a catastrophe,” Faber told CNBC, “what the Fed has done is to lift asset prices, and the cost of living. In the meantime, the cost of living increases are higher than the wage increases. The typical American household income is going down in real terms.” Recovery?

As we noted previously, the greatest irony of the entire “record income inequality” debate…

One can read 696 page neo-Marxist tomes “explaining” inequality in a way only an economist could – by ignoring the untold destruction economists themselves have unleashed on society with their “scientific theories” (and providing a “solution” to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott’s Paul Singer which in two short paragraphs explains everything one needs to know about America’s record class inequality, including precisely who is the man responsible: Continue reading »

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Jun 19

Is the Fed trying to start the very bond run it is allegedly attempting to prevent? Read the following, then decide.

Fed Gates Paper_0

- Is The Fed Trying To Create A “Bond Run” Panic? Yes… In Its Own Words (ZeroHedge, June 19, 2014):

One of the most significant, if underrpeported stories of the week, was the announcement from Monday that in order to “prevent” bank runs, the Fed is preparing to impose “exit fee” gates on bond funds, in what, the official narrative goes, is an attempt to prevent a panicked rush for the exits. Of course, this is diametrically opposite of what the truth is.

This is what we said: “it goes without saying that “discouraging investors” from withdrawing funds is the last thing on the Fed’s mind, which knows very well that when it comes to investor behavior all that matters is how the Fed’s future intentions are discounted. And with this unprecedented step, the Fed is sending a very clear message: it may be next year, or next month, or next week, but quite soon you, dear retail bond-fund investor, will be gated and will be unable to pull your money…. what is the obvious desired outcome, at least by the Fed? Why a wholesale panic withdrawal from bond funds now, while the gates are still open, and since those trillions in bond funds have to be allocated somewhere, where will they go but… stock funds.”

But wait, this would mean that instead of attempting to prevent a rush for the exits, the Fed is in fact doing the opposite, and is seeking to force investors to sell those sticky bonds they are holding on to and destroying the propaganda of a recovery (remember: you can’t pitch a stable inflation-driven recovery fable when the 10Y is trading at 2.50% in the process launching the very run for the exits it is supposedly trying to avoid.

Pure conspiracy theory right? Continue reading »

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Jun 17

herding sheep

- Fed Prepares For Bond-Fund Runs, Looking At Imposing “Exit Fee” Gates (ZeroHedge, June 16, 2014):

It was two short years ago that the Fed, in its relentless attempt to push everyone into the biggest equity bubble of all time, did something many thought was merely a backdoor ploy to forcibly reallocate capital out of the $2.7 trillion money market industry and into stocks when, as we wrote in July 2012, it contemplated imposing suspensions of fund redemptions to “allow for the orderly liquidation of funds assets.” Or in other words “gate” money markets.

Continue reading »

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Jun 11


Added: Jun 8, 2014

Description:

http://usawatchdog.com/negative-inter… – Andy Hoffman of Miles Franklin warns the negative interest rates installed by the ECB last week signals big trouble. This is a major alarm bell for everyone and a major inflection point. Now, the central banks have dared go where even the Bank of Japan has not gone, which is to take rates to a negative level. You can’t go lower than negative. You go too negative, and people realize it doesn’t work, and people realize there is nothing left.”
Continue reading »

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Jun 07

FYI.



Added: Jun 4, 2014



Added: Apr 4, 2014

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Jun 07

AIPAC1

- A Terrible Price to Pay (Veterans Today, June 7, 2014):

In 1913 The City of London Zionist private Central Bankers successfully hijacked the American Monetary Production and Distribution System.

This was done by use of  stealth, bribery and massive political influence and was completely illegal despite any and all claims to the otherwise.

This terrible Treason and Sedition by top USG Officials placed complete control over the whole American economy in the hands of the World Zionists (WZs) and their International Crime Syndicate, the IZCS.

This essentially gave the WZs control over all the personal property, the fruits of labor and production of almost every normal American and all their futures with NO oversight of Congress or any institution of the USG at all, NONE.

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Jun 05

gold-123

The Gold Conspiracy (ZeroHedge, June 5, 2014):

As increasingly more conspiracy ‘theories’ become conspiracy ‘facts’, The History Channel discusses “The Gold Conspiracy” in this brief documentary.

As The History Channel introduces:

Gold. It is one of the most precious metals in the world. A glittering commodity so rare that people will go to great lengths to obtain it. But who sets the price? And what are the secret methods to control its value? Uncover the clandestine world surrounding the highly prized precious metal. How much gold does the United States really have–and where is it locked away? Is the American government overstating the amount of gold in its reserves to create the mystique of financial superiority?

Continue reading »

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Jun 02

Alan Greenspan:

“There is no other agency of government which can over-rule actions that we take.”

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May 30

- Still Think the Fed Isn’t Fueling Inflation? Check Out This Chart (Washington’s Blog, May 30, 2014)

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May 28

Dollar-Purchasing-Power-1913-to-2013

- 16 Reasons Why the United States is Going to Hell in a Handbasket (The Survivalist Blog, May 14, 2014):

A couple of weeks a go after expressing an urgency to put our preps into high-gear, several readers asked why that I felt so strongly, about it, and why I felt the “the end” was getting close. I think that is a good and reasonable question, so I decided to do a write up, and offer an explanation. As you can see, I don’t think any one problem or event will cause the collapse of the American empire, but a number of separate but interlocking events and issues.

Another point to consider is that the U.S. government has the resources, and inside information that would allow them to foretell when a major disaster or complete collapse is coming and they have been prepping and building underground bunkers on a mass scale and despite the fact our tax dollars are being used to build those bunkers we are not invited. Continue reading »

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May 27

H/t reader squodgy:

“This is strange.

Seems the Bonds were dumped and the Rothschilds through the JP Morgan channel have bought them under a shell trader to prop up the US Fed….again Rothschild & JP Morgan plus Goldman Sachs.”


- Who Is The New Secret Buyer Of U.S. Debt? (Alt-Market, May 21, 2014):

On the surface, the economic atmosphere of the U.S. has appeared rather calm and uneventful. Stocks are up, employment isn’t great but jobs aren’t collapsing into the void (at least not openly), and the U.S. dollar seems to be going strong. Peel away the thin veneer, however, and a different financial horror show is revealed.

U.S. stocks have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the Federal Reserve known as quantitative easing. With the advent of the “taper”, QE is now swiftly coming to a close (as is evident in the overall reduction in treasury market purchases), and is slated to end by this fall, if not sooner. Continue reading »

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May 26

- Jim Rickards: “It Could Be A Failure To Deliver Physical Gold,” “Physical Gold Is Disappearing, There’s A Mountain of Paper Gold. . . . So A Failure to Deliver Could Cause Panic Buying of Gold.” (InvestmentWatch, May 23, 2014):

And what might be the first snowflake to move? 

“It could be a failure to deliver physical gold,” Rickards suggested. “Physical gold is disappearing, there’s a mountain of paper gold. . . . So a failure to deliver could cause panic buying of gold.”

http://www.moneynews.com/StreetTalk/James-Rickards-Dennis-Kneale-Financial-Crisis-Economy/2014/05/20/id/572264/?ns_mail_uid=33506595&ns_mail_job=1570212_05222014&promo_code=crvzhkqc

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May 24

- Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%” (Zerohedge, May 24, 2014):

We are confused: on one hand the Fed is injecting hundreds of billions of liquidity into the market, boosting the S&P to all time highs and making the rich richer (Piketty taking Excel lessons from Rogoff notwithstanding) while the economy remains stagnant because, according to the BLS, inflation is too low, and as everyone knows the biggest lament of the impoverished middle class is that “the value of my dollar isn’t being destroyed fast enough for me to feel confident about the future.” On the other hand, the very same Federal Reserve Bank (of Chicago), just announced that as a result of “prices continuing to increase between 3% and 33%” (!), beginning May 27 it is hiking the prices in its cafeteria. So, clearly prices are rising at a 33% clip due to, how does the IMF put it, lowflation, right? Oh, and harsh weather.

 

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May 23

Inflation-Ahead

- No inflation Friday: 42.4% increase in the price of being… poor? (Sovereign Man, May 23, 2014):

One of the most intellectually disingenuous statements made by western policymakers is that inflation is tame… nonexistent.

For example, the minutes released this week from the most recent Federal Reserve policy meeting said that the Fed saw NO inflation risk in ‘fueling job growth’ [i.e. printing money].

So by their own admission, the Fed thinks they can conjure hundreds of billions of dollars out of thin air without any consequences whatsoever. Zero risk.

Every time I hear something like this it just makes my skin crawl… and I always think, “go get on a plane.”

Inflation is out there in the rest of the world. To deny its existence is massively arrogant, insensitive, and just plain wrong. Continue reading »

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May 22

- China Halts US Dollar Transactions With Afghan Banks (ZeroHedge, May 22, 2014):

The de-dollarization escalates. As Reuters reports, Chinese banks have halted dollar transactions with most Afghan commercial banks. Whether this is related to the terrorist operations in the Muslim-dominated Uighur region is unclear… also unclear is whether the Chinese banks will accept transactions with Afghan banks in CNY?

20140522_afg

As Reuters reports,

Chinese banks have halted dollar transactions with most Afghan commercial banks, the central bank governor said on Thursday, making it difficult for businesses to pay for imports with one of the Afghanistan’s biggest trading partners.

Continue reading »

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