Infinite Unknown

- BRICS Nations Plan New Bank to Bypass World Bank, IMF (Bloomberg, March 26, 2013):

The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.

The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa — are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.

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Tags: Brazil, China, Economy, Global News, Government, IMF, India, Politics, Russia, South Africa, World Bank

Must-see!

- Incredible Video: Beppe Grillo Dissects the Financial System…in 1998 (Liberty Blitzkrieg, March 9, 2013):

“Whom does the money belong to?  Who does its ownership belong to?  To the State fine…then to us, we are the State. You know that the State doesn’t exist, it is only a legal entity.  WE are the state, then the money is ours…fine.  Then let me know one thing.  If the money belongs to us…Why…do they lend it to us??”

- Beppe Grillo in 1998

If you really want to know why Beppe Grillo is causing Central Planners throughout the European continent to wet themselves, this video will show you.  There’s a real revolution happening in Italy.  This guy is the real deal and he understands the heart of the whole issue plaguing the world.  All I can say is:  WOW.

Tags: Beppe Grillo, Central Bank, Dictatorship, EU, Europe, Global News, Government, IMF, Italy, New World Order, Politics, Society, World Bank

- “China Accounts For Nearly Half Of World’s New Money Supply” (ZeroHedge, Feb 8, 2013):

When it comes to the creation of money in China, and specifically the asset side of the ledger, or loans, there is much more confusion than consensus, primarily because nobody knows who it is that is creating the money: private or public entities, SOEs, the PBOC, regional banks, shadow banks, or your next door neighbor.Another thing that is largely misreported: what the actual assets pledged as collateral to new loans are. Because while it is well-known that corporate debt in China is now greater as a percentage of GDP than in any other country, the comprehensive picture is still confusing (albeit GMO did a fantastic summary recently of what is known) as reporting standards are still non-existent, and the government flat out lies about its balance sheet.

Yet one very simple shortcut to get a sense of what is truly happening in monetary China is to peek at the liability side of the consolidated balance sheet, and one line in particular, namely deposits. Because unlike in the US, where the vibrant equity Ponzi scheme has rarely been stronger, in China it is still all about the cash and as a result the bulk of the newly created money once again return back to the banking sector in the form of a deposit. Ironically, that is what banking should be about (instead of the entire industry being a glorified hedge fund) although in China even this practice has gone on way too far, and like in Europe, has long passed the point where there is real collateral value backing up the new money created (which explains the emergence of various letters of credit collateralized by copper still not dug out of the ground which reappear every time Chinese inflation spikes above 5%).

So how do deposits look when comparing the US and China? Well, after having less than half the total US deposits back in 2005, China has pumped enough cash into the economy using various public and private conduits to make even Ben Bernanke blush: between January 2005 and January 2013, Chinese bank deposits have soared by a whopping $11 trillion, rising from $4 trillion to $15 trillion! We have no idea what the real Chinese GDP number is but this expansion alone is anywhere between 200 and 300% of the real GDP as it stands now. Continue reading »

Tags: Austria, Banking, Ben Bernanke, Central Bank, China, ECB, Economy, EU, Europe, Fed, Federal Reserve, France, GDP, Germany, Global News, Greece, Ireland, money supply, Politics, Portugal, Spain, World Bank, Yuan

- Market rumor: Pimco and JP Morgan halt vacations to prepare for economic crash (Examiner, June 3, 2012):

On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major ‘Lehman type’ economic crash projected for the coming months.  These rumors came on a day when the markets nearly came to capitulation, with the DOW falling more than 274 points, and gold soaring over $63 as traders across the board fled stocks and moved into safer investments.

Todd Harrison tweet: Hearing (not confirmed) @PIMCO asked employees to cancel vacations to have “all hands on deck” for a Lehman-type tail event. Confirm?

Todd M. Schoenberger tweet: @todd_harrison @pimco I heard the same thing, but I also heard the same for “some” at JPM. Heard it today at a hedge fund luncheon.

Todd Harrison is the CEO of the award winning internet media company Minyanville, while Todd Shoenberger is a managing principal at the Blackbay Group, and an adjunct professor of Finance at Cecil College.

Pimco and JP Morgan Chase are not the only financial institutions worried about a potential repeat of the 2008 credit crisis.  On May 31, one day before Pinco rumors began to spread around the markets, World Bank President Robert Zoellick issued the same warnings of a potential ‘rerun of the great panic of 2008′. Continue reading »

Tags: Economy, Global News, JPMorgan, PIMCO, Robert Zoellick, World Bank

- As China Buys, Sellers Push Gold Down To 4 Month Lows (ZeroHedge, May 8, 2012):

Gold just lost the $1600 handle for the first time since January 5th and is suffering its biggest one-day loss in over two months as Europe’s meltdown is driving broad liquidations. Are hungry Chinese central bankers more than happy to soak up the precious metal at a discount from levered longs liquidating into the European fiasco?

Chart: Bloomberg

- “Uncivilized” China Quietly Building Gold Reserves As Gold Imports From HK Soar By 587% In First Quarter (ZeroHedge, May 8, 2012):

A month ago we ended up with the hilarious situation where the US was actively considering releasing petroleum from the Strategic Petroleum Reserve even as China was demonstratively and concurrently adding to its strategic inventory. Now, as the developed world is seeing day after day of gold hammering on amusing flights of fancy that central banks won’t be forced to engage in more and ever bigger rounds of monetary dilution, and where the seller apparently has no regard for getting a “good” price, but merely seeks to crash the bid stack slams various PM prices, we see the same inversion with gold. Because as Bloomberg reports, “Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, to 156 metric tons, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis.” And the punchline: “The purchases through Hong Kong may signal that the mainland is accumulating reserves, London-based brokerage Sharps Pixley Ltd. said in February. The nation last made its reserves known more than two years ago, stating them at 1,054 tons.” Yep ladies and gents: the PBOC is very grateful that it can add hundreds of tons of gold to its reserve holdings in a stealthy operation which it will announce only after its conclusion, at which point, like true 13F chasing lemmings, retail will send gold soaring. But in the meantime, dear hedge funds worried about your margin calls and 1 month performance reports, please proceed calmly along with the lemming herd, and keep pushing gold lower and cheaper for our new Chinese overlords, and for everyone else who, without P&L timing constraints, takes delight in such brief arbitrage opportunities.

From Bloomberg:

Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday’s data showed.

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Tags: Australia, Bonds, China, Debt, Dollar, Economy, EU, Europe, Fed, Federal Reserve, GDP, Global News, Gold, Hong Kong, India, New Zealand, Politics, U.S., World Bank

This is the ‘Greatest Depression’!

- As Europe Goes (Deep In Recession), So Does Half The World’s Trade (ZeroHedge, Jan. 30, 2012):

Following the Fed’s somewhat downbeat perspective on growth, confidence in investors’ minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as the World Bank points out half of the world’s approximately $15 trillion trade in goods and services involves Europe. So the next time some talking head uses the word decoupling (ignoring 8.5 sigma Dallas Fed prints for the statistical folly that they are), perhaps pointing them to the facts of explicit (US-Europe) and implicit (Europe-Asia-US) trade flow impact of a deepening European recession/depression will reign in their exuberance.

From The World Bank: Golden Growth

An increasingly vigorous flow of goods, services, and finance over the last five decades has fueled European growth. Europe’s economies are the most open in the world. Before the global crisis of 2008–09, half of the world’s approximately $15 trillion trade in goods and services involved Europe (figure 2). Two-thirds of it was among the 45 countries discussed in this report. Financial flows have been equally vigorous. In 2007, for example, annual FDI in Europe exceeded $1 trillion. Big and growing trade and financial links facilitated by the single market form the core of the European convergence machine.

Tags: Economy, EU, Europe, Global News, Recession, World Bank

See also:

- Bomb Voyage: 600 Libyans ‘Already Fighting In Syria’ (RT)

- US Carrier Strike Force Enters Syrian Waters

- Russia Warships To Enter Syria Waters To Stop NATO

YouTube Added: 29.11.2011

YouTube Added: 29.11.2011

Description:

On the Tuesday, November 29 edition of the Alex Jones Show, Alex talks about moves by the globalists to attack Syria as France trains “rebels” in Turkey and the Russians deny they have dispatched war ships to guard their interests in the Middle Eastern country. Historian and author Webster Tarpley talks with Alex about Syria, Iran and Pakistan.

Tags: Banking, Barack Obama, Bonds, cds, CIA, Colin Powell, David Petraeus, Debt, Derivatives, Derivatives market, Dictatorship, Economy, EU, Europe, Fitch, Global News, Government, IMF, Iran, Iraq, Military, Moody's, NATO, New World Order, Nuclear, Nuclear weapons, Obama administration, Pakistan, Politics, Russia, Society, Standard & Poor's, Submarines, Syria, U.S., Webster Tarpley, World Bank, WWW III

For your information.

The elitists vs. the people.

YouTube Added: 13.11.2011

For more information: Thrive

Tags: 9/11, Adolf Hitler, Agriculture, Alan Greenspan, Amy Goodman, Assassination, Banking, Big Brother, Big Pharma, Bilderberg, BIS, Canada, Cancer, Catherine Austin Fitts, CCTV, CFR, Chemtrails, CIA, Congress, Corporations, Council on Foreign Relations, David Icke, Debt, Deepak Chopra, Derivatives, Derivatives market, DHS, Dictatorship, Documentary, Dollar, ECB, Economy, Energy, Environment, EU, Europe, False flag, Fascism, Fed, Federal Reserve, FEMA, FEMA Camps, Financial Crisis, Food, Free Energy, Freedom, Freemasonry, G Edward Griffin, General Electric, Genetically Modified Organisms, Genocide, George Bush, George H. W. Bush, Global News, GMO, Gordon Brown, Government, Gulf of Tonkin, HAARP, Halliburton, Health, Henry Kissinger, Herman Van Rompuy, Homeland Security, Illuminati, IMF, infertility, Inflation, Inside job, Internet, Iraq, Jean-Claude Trichet, John Perkins, Journalism, JPMorgan, Law, Ludwig von Mises, Manhattan Project, Mexico, MI5, Microchip, Military, Money, Mortgage crisis, Mortgages, Nazi Germany, Nazis, New World Order, Nicola Tesla, Oil, Patriot Act, Pesticides, Pharmaceutical Industry, Police State, Politics, Pope Benedict XVI, Privacy, Procter & Gamble, Quantitative Easing, RFID, Rockefeller, Rothschild, Royal Rife, Saddam Hussein, Science, Seeds, Society, steril, Sterilization, Steven Greer, Surveillance, Technology, Terrorism, Terrorists, Thrive, Timothy Geithner, Trilateral Commission, U.N., UFO, Vaccination, Vaccine, Wall Street, War, War on Terror, Water, WHO, World Bank, WTC, WTO, WW II, Zionism

- The Elite Plan for a New World Social Order (Global Research, Oct. 28, 2011):

When the Industrial Revolution began in Britain, in the late 1700s, there was lots of money to be made by investing in factories and mills, by opening up new markets, and by gaining control of sources of raw materials. The folks who had the most money to invest, however, were not so much in Britain but more in Holland. Holland had been the leading Western power in the 1600s, and its bankers were the leading capitalists. In pursuit of profit, Dutch capital flowed to the British stock market, and thus the Dutch funded the rise of Britain, who subsequently eclipsed Holland both economically and geopolitically.

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Tags: 1984, Afghanistan, Banking, Big Brother, Bill of Rights, Constitution, Dictatorship, Economy, EU, Europe, Fascism, Freedom, George Orwell, Global News, Government, IMF, Iraq, Law, Military, Mind-Control, New World Order, Police State, Politics, Society, U.K., U.S., World Bank, WTO

YouTube Added: 31.05.2011

THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING CONFESSIONS AS HE ADDRESSES GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO THE PRESENT AND INTO THE FUTURE. THE SPEECH WAS MAS MADE JANUARY 11TH, 2010. THE NEXT 19 MINUTES MAY OPEN YOUR MIND TO A VERY DELIBERATE WORLD.

HE TELLS THE GRAD STUDENTS WHAT’S COMING, A “TECTONIC SHIFT” IN WEALTH FROM THE WEST TO THE EAST. BUT HE DOESN’T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT’S DIRECTING AND CHANNELING THESE CHANGES.

WOLFENSOHN’S OWN INVESTMENT FIRM IS IN CHINA, POISED TO PROFIT FROM THIS “IMMINENT SHIFT” IN GLOBAL WEALTH.

Tags: Banking, Economy, Global News, James Wolfensohn, Society, World Bank