Source – tetrahedron.org – For the Bush family, it is a lingering nightmare. For their Nazi clients, the Dutch connection was the mother of all money laundering schemes. From 1945 until 1949, one of the lengthiest and, it now appears, most futile interrogations of a Nazi war crimes suspect began in the American Zone of…
Source – creditbubblebulletin.blogspot.ca – It’s my overarching thesis that the world is in the waning days of a historic multi-decade experiment in unfettered finance. As I have posited over the years, international finance has for too long been effectively operating without constraints on either the quantity or the quality of Credit issued. From the perspective…
Source – zerohedge.com – The most important piece of news announced today was also, as usually happens, the most underreported: it had nothing to do with US jobs, with the Fed’s hiking intentions, with China, or even the ongoing “1998-style” carnage in emerging markets. Instead, it was the admission by ECB governing council member Ewald…
Source – right.is – In a discussion the other day I was asked to elaborate on the “rigged casino” reference used when describing the stock markets for they understood the “gambling” aspect implied, yet also knew from reading myself or others, there was more too it than just that, and were trying to see past…
Source – rollingout.com – Low crime rates bad for business for private prisons; they demand states keep them full: The prison-industrial complex is so out of control that private prisons have the sheer audacity to order states to keep beds full or face their wrath with stiff financial penalties, according to reports. Private prisons in…
Source – alt-market.com – It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in…
Source – right.is – The size of the epic RMB carry trade could be as high as $1.1 trillion. If China were to liquidate $1 trillion in reserves (i.e. USTs) in order to stabilize the yuan in the face of the carry unwind, it would effectively offset 60% of QE3 and put around 200 bps…
Source – nationofchange.org – “It is the debtor that is ruined by hard times.- Rutherford B. Hayes – You are a debt slave. Don’t believe it? 43% of all American families spend more than they earn each year. According to the Federal Reserve, and I’ll describe the fictional premise upon which they stand momentarily, the…
Source – zerohedge.com – Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of the Russian ruble had severely strained Kazakhstan, which…
Source – 21stcenturywire.com – Don’t let the headlines completely fool you. Yes, there were huge losers this morning when the Dow Jones industrial average collapsed 1000 points in the opening – but this market free-fall was merely the first act in this financial drama. By the time the final bell rang, the real Wolves of…
Source – theeconomiccollapseblog.com – This 888 point crash comes in the 8th month of our calendar: We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash…
Source – zerohedge.com – It’s amazing to think that just earlier this week VIX traded at 13 (and that a few weeks ago the S&P was testing all time highs): as of this moment the vol index is up nearly 100% since Tuesday (and all those ‘sure thing’ shorters of VXX are about to get…
Source – zerohedge.com – “Evidence in support of Bernanke’s view of the channels through which QE works is at best mixed. There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed inflation and real economic activity. Indeed, casual evidence suggests that QE has been ineffective…
Source – zerohedge.com – It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations. 17-08-2015 Photo: Reuters The Telegraph’s John Ficenec has written an excellent piece warning…
Source – collectivelyconscious.net – This really happened. As crazy as it sounds, Hillary Clinton is trying to repackage her war-torn reputation into a populist spitting image of progressive icon Elizabeth Warren. The New York Times reports that “Mrs. Clinton pointed at the top category and said the economy required a ‘toppling’ of the wealthiest 1…
Source – There is an economic and financial trainwreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history there has never been anything like it. It is only a matter of time before it ends in a spectacular collapse, leaving the global financial bubble of the last two decades in shambles. But here’s the…
Source – marketwatch.com – Which Warren Buffett will Phil Angelides and the Financial Crisis Inquiry Commission see Wednesday? Buffett is set to testify as the commission tackles the issue, “Credibility of Credit Ratings, the Investment Decisions Made Based on those Ratings, and the Financial Crisis.” Will he be the investor who does his own due…
Source – alternet.org – The White House has rejected a bailout package for Puerto Rico days after the U.S. territory failed to pay a small portion of the massive $72 billion it owes to bondholders. It was the biggest municipal bond default in U.S. history. Unlike U.S. states and municipalities, Puerto Rico cannot declare bankruptcy.…
Source – ragingbullshit.com – Where has all the money gone? That is the question that desperately needs asking (and answering) now that the European Union has morphed into one humongous orgy of national bailouts. In his 2013 documentary “The Secret Bank Bailout,” German investigative journalist Harald Schumann documents how the peoples of Ireland, Cyprus and Spain…
Source – lionsgroundnews.com – Last Thursday, June 18th –was exactly 200 years ago that Napoleon’s troops were defeated, and the era of Napoleon forever ended. South of Brussels near the town of Waterloo the French ruler battled against British, German and North and South Dutch soldiers. The real winner of the battle of Waterloo have…
Source – davidstockmanscontracorner.com – If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion exactly four years…
Source – zerohedge.com – Subsequently, the Greek economy began to deteriorate in the face of increasingly fraught negotiations between Athens and creditors, with Brussels blaming the economic slide on Syriza’s unwillingness to implement reforms, while analysts and commentators noted that relentless deposit flight and the weakened state of the Greek banking sector was contributing to…
Source – ellenbrown.com – “My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” …
Source – emergingequity.org – When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20%…
Source – blacklistednews.com – A third undercover expose video of Planned Parenthood has been released by the Center For Medical Progress, and as expected, it shows footage of fetal body parts after abortions. The video features whistleblower Holly O’Donnell, who claims that a biomedical company she was working for was in the business of paying…
Source – zerohedge.com – With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set of bailout prior actions last Wednesday, tensions are understandably high. After all, these are the same “institutions” which Yanis Varoufakis famously booted from Greece after Syriza swept to power in…
Source – seeker401.wordpress.com – The Vatican created a world trust using the birth certificate to capture the value of each individual’s future productive energy. Each state, province and country in the fiat monetary system, contributes their people’s value to this world trust identified by the SS, SIN or EIN numbers (for example) maintained in the…
Source – naturalnews.com – The mainstream media continues to do its best to try to convince us that we are in the midst of an economic recovery while the rest of us are asking the question: just who is benefiting? Certainly not the average American family, according to the statistics I keep seeing. Perhaps, like…
Source – theeconomiccollapseblog.com – When financial markets crash, they do not do so in a vacuum. There are always patterns, signs and indicators that tell us that something is about to happen. In this article, I am going to share with you four patterns that are happening right now that also happened just prior to…
Source – tapnewswire.com – Greece is only the beginning. Greeks driven out of their country by the collapsed economy, demise of the social welfare system, and extraordinary rate of unemployment will take their poverty to other EU countries. Members of the EU are not bound by national boundaries and can freely emigrate. Closing down the…
Source – charleshughsmith.blogspot.ca – With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to earn a return in a competitive, transparent…
Source – allgov.com – One of the nation’s largest private prison operators is being sued for forcing immigrant detainees to work for a dollar a day, and in some cases even less than that. GEO Group Inc., which contracts with the government to imprison illegal immigrants awaiting deportation proceedings, has allegedly forced detainees held at…
Source – rabble.ca – As the unending financial tragedy of Greece continues to hover between utter misery and incipient tragedy, it is worth delving into the roots of the crisis. Who is responsible for this collision between capital and humanity? How can the Greek people escape from being consumed by the flames of austerity? In…
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