Economy

The Silver Nightmare Will Be Over Soon

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– Ted Butler: The Silver Nightmare Will Be Over Soon (Peak Prosperity, Nov 1, 2014):

Halloween couldn’t have been more terrifying for silver investors. The gray metal cracked under $16/oz on Friday, a price not seen for nearly half a decade.

For years now, it has seemed like silver has been beaten down so badly its price couldn’t go lower. But then it has.

Why has silver seen such a gut-wrenching price decline? (now down 2/3 compared to its high in late 2011). And will it ever see brighter days again?

This weekend, Chris has a long discussion with silver expert Ted Butler on the real culprit behind the wild price slams that have plagued silver: unfairly concentrated positions within the derivatives market:

Read moreThe Silver Nightmare Will Be Over Soon

‘Win ugly or lose pretty’: ‘Dr. Evil’ lobbyist teaches US oil and gas execs to play dirty

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– ‘Win ugly or lose pretty’: ‘Dr. Evil’ lobbyist teaches US oil and gas execs to play dirty (RT, Nov 2, 2014):

A top US political consultant, dubbed “Dr. Evil”, has been caught on tape at an industry conference, advising oil and gas execs to regard public policy as “endless war” and to play on people’s fear and greed to lobby their interests.

Richard Berman’s speech, which he gave in June in Colorado Springs, was leaked to The New York Times by one of the participant’s at the conference who said: “It just left a bad taste in my mouth”. The whistleblower asked for their identity not to be revealed.

Read more‘Win ugly or lose pretty’: ‘Dr. Evil’ lobbyist teaches US oil and gas execs to play dirty

Slavery Is Now Being Put Into Practice By The Ukrainian Government

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Ukraine crisis

– Slavery Is Now Being Put into Practice by the Ukrainian Government (Washington’s Blog, Nov 1, 2014):

Results from Ukraine’s New Law for Government-Imposed Slavery

(And How Western ‘News’ Media Have Hidden All of This from You)

On September 26th, I headlined “Ukraine Government Officially Introduces Slavery, with Vague Terms,” and I wondered when and where the reports of the consequences of this new law (by a newly installed U.S.-ally government, no less) would be published. An answer to that question is finally starting to appear.

On October 30th was published at

Read moreSlavery Is Now Being Put Into Practice By The Ukrainian Government

Warning: Avoid This Corrupt, Third-World Country At All Costs

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Detroit-Third-World

– Warning: Avoid This Corrupt, Third-World Country At All Costs (Sovereign Man, Oct 31, 2014):

John Anderson, an American tourist from San Clemente, California, was driving down a poorly-maintained highway when he saw flashing lights in his rearview mirror.

After a brief exchange with the local police officer, Anderson was shocked when the cop started searching his vehicle.

Anderson had $25,180 in US dollar cash in the car, which by the way was not a crime according to the local laws.

When the cop saw it, he told Anderson that we would take it and threatened him with arrest if he protested.

Read moreWarning: Avoid This Corrupt, Third-World Country At All Costs

And, So It Begins … The Doomsday Machine Has Been Unleashed In Tokyo

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– And, so it begins………….. (ZeroHedge, Nov 1, 2014):

doomsday_machine_ortho_by_unusualsuspex-d6x8mse

Courtesy of the StealthFlation Blog

By eviscerating the U.S. Bond market, they have completely destroyed the time value of money.  Thus, there no longer exists a viable and productive term deposit on savings.   

Read moreAnd, So It Begins … The Doomsday Machine Has Been Unleashed In Tokyo

Meanwhile, The French Are Revolting …

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20141031_france1

– Meanwhile, The French Are Revolting… (ZeroHedge, Oct 31, 2014):

Amid record unemployment, even recorder youth unemployment, and politicians willingly breaking EU treaties (with apparently no consequences), it appears – just as in the US – police brutality in France was the straw that broke ‘Le Camel’s back. As RT reports, another anti-police brutality protest turned violent in the French city of Rennes, with masked youths and police engaging in running street battles. The unrest follows the death of a young environmental activist earlier this week. Overnight Thursday, protesters in the northwestern city lobbed flairs at police and flipped over cars, some of which they set ablaze. Police responded by firing tear gas. We hear guillotines are still cheap on ebay.

The French (youth) are revolting…

As RT reports,

Read moreMeanwhile, The French Are Revolting …

‘The Most Important Chart For Investors’ Flashback, And Why USDJPY 120 Is Now Coming Fast

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–  “The Most Important Chart For Investors” Flashback, And Why USDJPY 120 Is Now Coming Fast (ZeroHedge, Oct 31, 2014):

Back in late September, we posted what Albert Edwards thought at the time was “The Most Important Chart For Investors” which was quite simply, a chart of the USDJPY. Here is the punchline of what he said:

We have long believed that investors ignore Japan at their peril. Time and time again, investors have missed major global market trends that have been catalysed by Japan. We have felt for some time that a fragile Chinese economy could be pushed over the edge by a further yen devaluation – in many ways a replay of the Asian crisis of 1997. And just as the Chinese real economy data has taken a turn for the worse in August, the yen has slipped below a key 15-year support level against the dollar. This is probably the most important chart investors should focus on. The next phase of global currency wars may have begun.

Read more‘The Most Important Chart For Investors’ Flashback, And Why USDJPY 120 Is Now Coming Fast

The BoJ Jumps The Monetary Shark – Now The Machines, Madmen And Morons Are Raging

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– The BoJ Jumps The Monetary Shark – Now The Machines, Madmen And Morons Are Raging (David Stockman’s Contra Corner, Oct 31, 2014):

This is just plain sick. Hardly a day after the greatest central bank fraudster of all time, Maestro Greenspan, confessed that QE has not helped the main street economy and jobs, the lunatics at the BOJ flat-out jumped the monetary shark. Even then, the madman Kuroda pulled off his incendiary maneuver by a bare 5-4 vote. Apparently the dissenters – Messrs. Morimoto, Ishida, Sato and Kiuchi – are only semi-mad.

Never mind that the BOJ will now escalate its bond purchase rate to $750 billion per year – a figure so astonishingly large that it would amount to nearly $3 trillion per year if applied to a US scale GDP. And that comes on top of a central bank balance sheet which had previously exploded to nearly 50% of Japan’s national income or more than double the already mind-boggling US ratio of 25%.

Read moreThe BoJ Jumps The Monetary Shark – Now The Machines, Madmen And Morons Are Raging

The Halloween Yen Massacre Sends Market To All-Time Highs

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kuroda_0

– The Halloween Yen Massacre Sends Market To All-Time Highs (ZeroHedge, Oct 31, 2014)

Related info:

– What The BOJ’s Shocking Announcement Really Means: FULL MONETIZATON

– Shocking Bank Of Japan Trick And QE Boosting Treat Sends Futures To Record High – Nikkei Futures Halted Limit Up (+1100) As USDJPY Tops 112

What The BOJ’s Shocking Announcement Really Means: FULL MONETIZATON

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– Charting Banzainomics: What The BOJ’s Shocking Announcement Really Means (ZeroHedge, Oct 31, 2014):

Still confused what the BOJ’s shocking move was about, aside from pushing the US stock market to a new record high of course? This should explains it all: as the chart below show, as a result of the BOJ’s stated intention to buy 8 trillion to 12 trillion yen ($108 billion) of Japanese government bonds per month it means the BOJ will now soak up all of the 10 trillion yen in new bonds that the Ministry of Finance sells in the market each month.

In other words. The Bank of Japan’s expansion of record stimulus today may see it buy every new bond the government issues.

This is what full monetization looks like.

BOJ expansion chart

More from Bloomberg:

Read moreWhat The BOJ’s Shocking Announcement Really Means: FULL MONETIZATON

Shocking Bank Of Japan Trick And QE Boosting Treat Sends Futures To Record High – Nikkei Futures Halted Limit Up (+1100) As USDJPY Tops 112

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The Japan stock market celebrates quantitative easing, also being called the nuclear option.

– Shocking Bank Of Japan Trick And QE Boosting Treat Sends Futures To Record High (ZeroHedge, Oct 31, 2014):

Two days ago, when QE ended and knowing that the market is vastly overstimating the likelihood of a full-blown ECB public debt QE, we tweeted the following: “It’s all up to the BOJ now.” Little did we know how right we would be just 48 hours later. Because as previously reported, the reason why this morning futures are about to surpass record highs is because while the rest of the world was sleeping, the BOJ shocked the world with a decision to boost QE, announcing it would monetize JPY80 trillion in JGBs, up from the JPY60-70 trillion currently and expand the universe of eligible for monetization securities. A decision which will forever be known in FX folklore as the great Halloween Yen-long massacre.

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– Nikkei Futures Halted Limit Up (+1100) As USDJPY Tops 112 (ZeroHedge, Oct 31, 2014):

 Bwuahahahaha… Nikkei futures halted limit up – over 1100 points post-BoJ (+1400 post-FOMC) as USDJPY tops 112 (up 4 handles post-FOMC) to its highest since Jan 2008.

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– Bank of Japan Reaction Context: Nikkei 225 Is Up 1000 Points In 7 Hours (ZeroHedge, Oct 31, 2014):

ou know the world’s financial markets have become farce when the broad Nikkei 225 stock market of Japan rises 1000 points in 7 hours… The meme that stock ‘markets’ move on fundamentals not central bank liquidity is officially dead. Let that sink in for a moment…

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The Wrath of Draghi: First German Bank Hits Savers with ‘NEGATIVE INTEREST RATES’

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– The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ (Wolf Street, Oct 30, 2014):

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.

Read moreThe Wrath of Draghi: First German Bank Hits Savers with ‘NEGATIVE INTEREST RATES’

Putin To Western Elites: Play-Time Is Over

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Putin111

– Putin To Western Elites: Play-Time Is Over (Club Orlov, Oct 30, 2014):

Most people in the English-speaking parts of the world missed Putin’s speech at the Valdai conference in Sochi a few days ago, and, chances are, those of you who have heard of the speech didn’t get a chance to read it, and missed its importance.Western media did their best to ignore it or to twist its meaning. Regardless of what you think or don’t think of Putin (like the sun and the moon, he does not exist for you to cultivate an opinion) this is probably the most important political speech since Churchill’s “Iron Curtain” speech of March 5, 1946.

In this speech, Putin abruptly changed the rules of the game. Previously, the game of international politics was played as follows: politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics; in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out. Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders.

The Russian blogger chipstone summarized the most salient points from Putin speech as follows:

Read morePutin To Western Elites: Play-Time Is Over

Shadow Banking Assets Increase By $5 Trillion To Record $75 Trillion, 120% Of Global GDP

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– Shadow Banking Assets Increase By $5 Trillion To Record $75 Trillion, 120% Of Global GDP (Zerohedge, Oct 30, 2014):

We are not exactly sure which is scarier: that total financial assets amount to about 500% of world GDP or that about $75 trillion in financial leverage is just sitting there, completely unregulated and designed with one purpose in mind: to make billionaires into trillionaires (with taxpayers footing the bill of their failure).

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Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles

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– Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles (Liberty Blitzkrieg, Oct 30, 2014):

Two headlines came across my screens today, which taken together pretty much sum up the effects of policy decisions made by Central Bankers and politicians since the financial crisis. The financial oligarchs got bailed out, and the rich got richer due to decisions made by “leaders” around the globe. As such, the entire planet has now been transformed into a neo-feudal tinderbox. Myself and countless others warned all the way back to 2008 that this is what would happen, and here you have it.

Let’s first examine the results from Oxfam’s report on the billionaire growth spurt. I hope all 1,645 of you have sent thank you notes to the patron saint of oligarchy: Ben Bernanke. From NBC:

Read moreChild Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles

JPMorgan Bankers Top City Pay Grades At £461,000 Per Year

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– Show me the money: JPMorgan bankers top City pay grades at £461k a year (RT, Oct 31, 2014):

US investment bank JPMorgan pays its managing directors in London an average of £461,000 (US$737,877) per year – substantially more than any other bank in Britain’s financial epicenter.

Pay data service Emolument published a survey on Thursday showing that the average salary and bonus for JPMorgan managing directors is more than 13 percent higher than its second place rival, Deutsche Bank, which pays its managers an average of £402,000 ($644,000), Reuters reports.

Read moreJPMorgan Bankers Top City Pay Grades At £461,000 Per Year

Why We’re Poorer: Inflation And Deflation Are Now Globalized

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H/t reader squodgy:

“If they’ve bottled over QE4, it’s only because of the realisation they’ve been sussed for being the lying fraudsters we now know they are.

Bailed out by the taxpayer and using the bailout to invest for themselves in solid assets whilst hiding the truth of inevitability from Joe.

Now this…..”

– Why We’re Poorer: Inflation and Deflation Are Now Globalized (Of Two Minds, Oct 30, 2014):

We’re being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure.

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William Cooper – CNN Interview 1992 (Full Length – Video)

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Flashback.


Added: 29.05.2011

Description:

This CNN interview with Bill was shot in a private hotel suite in Atlanta, GA in 1992. Bill details for the reporters the history and underlying causes behind the forces trying to subvert our Republic.

William Cooper Playlist:
http://www.youtube.com/playlist?list=…

http://conspiracyscope.blogspot.com/

Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, ‘Buy Gold’

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alan-greenspan

– Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, “Buy Gold” (ZeroHedge, Oct 29, 2014):

It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed’s bond-buying program fell short of its goals, and had a lot more to add.

Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.

He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.

“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”

Read moreAlan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, ‘Buy Gold’

Good Riddance To QE – It Was Just Plain Financial Fraud

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– Good Riddance To QE—-It Was Just Plain Financial Fraud (David Stockman’s Contra Corner, Oct 29, 2014):

QE has finally come to an end, but public comprehension of the immense fraud it embodied has not even started. In round terms, this official counterfeiting spree amounted to $3.5 trillion— reflecting the difference between the Fed’s approximate $900 billion balance sheet when its “extraordinary policies” incepted at the time of the Lehman crisis and its $4.4 trillion of footings today. That’s a lot of something for nothing. It’s a grotesque amount of fraud.

The scam embedded in this monumental balance sheet expansion involved nothing so arcane as the circuitous manner by which new central bank reserves supplied to the banking system impact the private credit creation process. As is now evident, new credits issued by the Fed can result in the expansion of private credit to the extent that the money multiplier is operating or simply generate excess reserves which cycle back to the New York Fed if, as in the present instance, it is not.

Read moreGood Riddance To QE – It Was Just Plain Financial Fraud