There is immense confusion surrounding July’s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed’s latest rate decision of a mere .25 bps cut was seen as “disappointing”, this was then followed by Jerome Powell’s public statements making it clear that this was only a mid-year “adjustment”, and that it was not the beginning of a rate cutting cycle and certainly not the beginning of renewed QE. This shocked the investment world, which was expecting far more accommodation from the Fed after 7 months of built up expectations that the central bank was about to unleash the stimulus punch bowl…
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A Look Inside the Scheme to Eliminate Cash, Impose Negative Interest
Central bankers and politicians love inflation, but they need “bag holders” to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast. Central bankers may also need to limit the options inflation wary citizens have for escaping. They are both shifty and innovative when it comes to making sure the ill effects of perpetually devaluing currency are primarily borne by the citizenry. Lying and trying to hide what they are doing to the currency has been tradition with politicians since Roman times. Nero began quietly reducing the silver content of…
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The Next World Reserve Currency Will Not Be A National Currency
We’ve all seen some version of the following chart: It purports to show the changeover in world reserve currencies from one era to the next, which not coincidentally tracks the rise (and fall) of the various colonial empires of the last several hundred years, from the Portuguese to the Spanish to the Dutch to the French to the British to the current era of Pax Americana. The implication is obvious: No empire lasts forever, and sooner or later that empire will fall, and with it the world reserve status of its currency. As Mike Maloney points out in a recent video, this chart is wrong “because the world didn’t have…
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Century of Enslavement: The History of The Federal Reserve
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America’s central bank. Source: The Corbett Report July 6, 2014 James Corbett [fvplayer id=”23″] This video (Century of Enslavement: The History of The Federal Reserve) was originally created and published by Corbett Report and is published here under a Creative Commons license with attribution to James Corbett and CorbettReport,com. It may be re-posted freely with proper attribution, author bio, and this copyright…
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Has the Chinese Dragon Been Tamed?
Chinese President-for-Life Xi Jinping is warning that the glorious Communist Party of China (CPC) “is facing long-term and complex tests in terms of maintaining long-term rule, reform and opening-up, a market-driven economy, and within the external environment.” Or at least that’s how BilderBloomBerg is putting it. Rothschild Reuters, for its part, is characterizing Xi’s latest pronouncement as a warning about black swans and gray rhinos. And all of this just as the Chinese GDP has slowed to its lowest growth rate since the 2009 crisis, and just after the reports that Xi has “opened the door to war with Taiwan.” So what does all of this mean? Is the Chinese…
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How Executive Order 6102 Doomed America
Source: Alt-Market September 28, 2018 Bill Bonner This article was originally published at Bonner And Partners Today, we woke up in Buenos Aires with a disagreeable headache… and a depressing hypothesis: First, it doesn’t matter whether Brett Kavanaugh is on the Supreme Court or not; one more Deep State toad won’t make any difference. Second, the Supreme Court has been derelict in its duty for the last 80 years. For years, the Court has looked the other way as the feds robbed one class of citizen (ordinary, working people) and rewarded another (the elite). Third, as a result, the American empire faces a catastrophic money crisis… probably accompanied by internal…
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The Death of SWIFT and the (Engineered) Death of the Dollar
Source: The Corbett Report September 2, 2018 James Corbett Remember when I told you about “China’s SWIFT Alternative and the (Engineered) Death of the Dollar“? Well, now it’s Germany’s turn to get in on the act. As the Rothschild Financial Times reports: Germany’s foreign minister has called for the creation of a new payments system independent of the US as a means of rescuing the nuclear deal between Iran and the west that Donald Trump withdrew from in May. Writing in the German daily Handelsblatt, Heiko Maas said Europe should not allow the US to act “over our heads and at our expense”. “For that reason it’s essential that we…
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Prelude To A 2008 Event: Paper Gold Manipulation Intensifies
Source: Activist Post July 18, 2018 By Dave Kranzler The trading action in the paper gold markets of London and NY this week further convinces me that gold is being pushed down in price by the Western Central Banks similar to the take-down in the paper price that occurred in 2008. The motive is to prevent a soaring gold price from signalling to the markets that a big problem is percolating in the global economic and banking systems. Once again, in the early morning the price of gold was slammed just after the London a.m. price Fix (3 a.m. EST) and again at the open of the Comex gold pit…
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Global Economy: Between A Rock And A Hard Place
Source: The Corbett Report July 7, 2018 James Corbett Well, it’s official: “Japan Inc.” is now “Bank of Japan Inc.” Oh, OK, not officially official, but just about. As the Nikkei Asian Review reports, the Bank of Japan (BOJ) is now a top-10 shareholder in a whopping 40% of the listed companies in the country. That’s right, having purchased 25 trillion yen ($227 billion) worth of exchange-traded funds in the past eight years, Japan’s central bank is now one of the top 10 shareholders in 1,446 out of 3,735 companies listed on the Tokyo Stock Exchange. Even the banksters admit they’ve painted themselves into a corner with their stock buying…
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Global Debt is Now an Insane $164 Trillion, but Who Exactly Do We Owe?
Source: Waking Times April 19, 2018 Isaac Davis If you’ve ever wondered why the world seems hopelessly fraught with endless conflict, ruled corrupt states, and bent on developing a never-ending supply of advanced weaponry, you’d need to understand the nature of our debt based economy. The IMF has just reported that total global debt is now at a staggering $164 trillion, which amounts to 225% of total global GDP. Every person on this planet could turn over everything they produce for the next two plus years and we’d still be in debt. The number is now so astronomically high that its impossible to pay off, and so there really is…
