Source – zerohedge.com – Earlier today, CNBC invited Kyle Bass, the man who correctly predicted and profited from the subprime collapse, to discuss what he thought was the biggest threat to the global financial system. http://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000476898&size=640_360 Here is the highlight of what he said: What I think the narrative will swing to by the end…
Source – activistpost.com – “You have to be careful here and frank about what drove the markets…. It was, the Fed, the Fed, the Fed, the European Central Bank, the Japanese Central bank … all quantitatively driven by central bank activity. That’s not the way markets should be working…. They were juiced up by central…
Source – libertyblitzkrieg.com – One of the most pernicious financial schemes of the post crisis era relates to a practice most Americans are entirely in the dark about, but may end up harming retirement plans down the line. I refer to the pervasive, incestuous and shady relationship between public pension fund managers, politicians and alternative asset firms (hedge funds…
Source – silverdoctors.com – Underneath the surface, trouble is brewing. A new financial crisis has already begun, and it is going to intensify as we head into 2016. And as this new crisis unfolds, one word that you are going to want to listen for is “derivatives”, because they are going to play a major…
Source – strategic-culture.org – The closer of London Gold Fix (LGF) on March 20 is big news. The first London gold fixing was performed in 1919; it had a short way to go till its anniversary. The system of its functioning was simple enough. A number of leading participants started a fixing process to reach…
Source – WakingTimes.com. – “If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” –Josiah Stamp Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world…
Source – ellenbrown.com – While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills. At the end of…
Source – oftwominds.com – If it takes more than $126,000 to fund a qualitatively defined middle class lifestyle, what sense does it even make to call this “middle”?: The Pew Research Center’s recent report The American Middle Class Is Losing Ground: No longer the majority and falling behind financially made a media splash, as it…
Source – .zerohedge.com, by Tyler Durden – The name Dick Usher is familiar to regular readers: he was the head JPMorgan FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the biggest FX rigging scheme in history, as initially revealed in “Another JPMorganite Busted For “Bandits’ Club”…
Source – demonocracy.info – SHORT STORY: Pick something of value, make bets on the future value of “something”, add contract & you have a derivative. Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill. This visualizes the total coverage for derivatives (notional).…
Source – collective-evolution.com – Despite the fact that various social, political, and human rights organizations have condemned the United States’ prison system, it remains one of the biggest businesses in existence today. Did you know that America has four percent of the world’s population, yet still carries approximately twenty five percent of the world’s prison population?…
Source – lindamcquaig.com – The Trouble With Billionaires, How the Super-Rich Hijacked the World and How We Can Take It Back (Published in the US under the title BILLIONAIRES’ BALL: Gluttony and Hubris in an Age of Epic Inequality): “A devastating expose of the real-world impact of extreme wealth concentration from two of our most…
Source – bullionstar.com – In a book, ‘Treasury’s War,’ the tool of exclusion from the dollar-denominated global financial system is described as a ‘neutron bomb.’ When a country must be isolated, a ‘scarlet letter’ is issued by the US Treasury that asserts that such-and-such bank is somehow suspected of being linked to a terrorist movement…
Source – zerohedge.com – While there are numerous and often conflicting opinions about the underlying causes that lead up to the Great Financial Crisis, most agree that the proximal catalyst which finally exposed all the overvalued, illiquid “cockroaches” and confirmed that subprime “is not contained” in the process unleashing the chain of events that culminated…
Source – zerohedge.com – Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE AROUND -0.5% BOC POLOZ:…
Source – sprottmoney.com – Why has the standard of living across most of the Western world fallen by more than half over the past 40+ years? Why is Western unemployment at an all-time high, with more than 100 million permanently unemployed people who are not allowed to work? Why does most brand-name beer taste like swill? Most readers will see…
Source – mintpressnews.com – Can we call this neo-feudalism yet?: According to a new report by the Institute for Policy Studies (IPS) America’s 20 wealthiest people now own more wealth than the bottom half of the American population combined. IPS calculates the top 20 in the Forbes 400 richest list own more wealth than 152…
Source – activistpost.com, By John Vibes – Weapons Makers Caught on Tape Celebrating the Financial Benefits of ISIS and Syrian War: At a Credit Suisse conference in West Palm Beach this week, representatives from major defense contractors spoke to their investors about how well business was going in these times of global war. Representatives from…
Source – alternet.org – Inequality is Fundamental to U.S. Capitalism: Tweaking the Edges Will Accomplish Nothing. The poorest Americans have no realistic hope of achieving anything that approaches income equality. They still struggle for access to the basics: The economic hoarding by those at the top has been termed “income inequality”, but that’s neither a…
Source – wakingtimes.com – Debate around the controversial Trans-Pacific Partnership (TPP) continues to mount. The recently-released 6,000 page agreement, encompassing 18,000 categories of goods and services and a region that accounts for 40 percent of the global economy, hasn’t been ratified by the U.S. Congress or Senate. Yet, the U.S. President has made his support clear…
Source – charleshughsmith.blogspot.ca – We know two things about housing bubbles: they always pop, with devastating consequences, and apologists and pundits always deny housing is in a bubble.And so it is no surprise that here we are in Housing Bubble 2, the second housing bubble of the 21st century, and the usual suspects are denying…
Source – washingtonsblog.com – In addition, the $700 billion 2008 bailout was just one aspect of the government’s ongoing bailouts of the too big to fail banks. A leading banking analyst says that the giant banks are receiving $780 billion dollars each and every year through various types of hidden bailouts: CNN headlines, “Fed Ends…
Source – phoenixcapitalmarketing.com – For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was…
Source – discover.umn.edu – The researchers found out that hungry shoppers spent 64 percent more money on average than those who were less hungry. Hungry shoppers spend more on anything, as if they are filling some kind of void: It would not be a good idea to shop at a department store on an empty…
Source – ellenbrown.com – In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot? Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”?…
Source – sott.net – “Up to the very gloomy day when the “soldiers of the Caliphate” hit “the capital of abomination and perversions” – as ISIS/ISIL/Daesh framed its attack on Paris – French President Francois Hollande and his insufferable poseur of a Prime Minister Laurent Fabius were adamant: Assad must go. For the Elysée palace,…
Source – oftwominds.com – Even if nothing else doomed the status quo, the widening gap between household incomes and costs will push the corrupt contraption over the cliff by itself. The status quo (whatever you wish to call it) requires “growth” to sustain itself–growth in consumption, spending, sales, debt, asset valuations, profits and of course…
Source – telegraph.co.uk – “The world is floating in oil. The numbers we are facing now are dreadful,” said David Hufton from PVM Group: The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over…
Source – veteranstoday.com, By Preston James and Mike Harris – Is there a faction in the Pentagon and the CIA which views the support of ISIS/ISIL necessary to keep the largest Wall Street Banks afloat?: Why are the largest Wall Street Banks still afloat? Many financial experts expected their financial collapse months ago, despite the…
Source – economicprism.com – The general suspicion that something just ain’t right with the economy has become an obvious reality. Hope and optimism that somehow things will muddle along, or improve, are fading. You can see it, feel it, and even smell it. For example, several new data points were revealed Friday. Each offered further…
Source – phoenixcapitalmarketing.com – As we have been noting, the “collapse/ bail-in” formula first implemented by Cyprus in dealing with bank crises has been embraced as a template by global elites. For those of you who are new to this, the timeline in Cyprus is as follows: · June 25, 2012: Cyprus formally…
Source – jessescrossroadscafe.blogspot.ca – “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right.” John Kenneth…
Source – wakeup-world.com – Secret TPP Text Unveiled: It’s worse than we thought, with limits on food safety and controversial investor-state system expanded, rollback of Bush-era medicine access and environmental terms. Long-awaited text reveals gaps between administration claims and actual TPP terms on key congressional and public concerns. Thursday’s long-awaited release of the text of the Trans-Pacific Partnership (TPP)…
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