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You do not have free speech if you can not question the government's official stories, or criticize the jew.
Germany's Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed
Submitted by Tyler Durden on 01/19/2015 - 11:03
A month ago we asked the following question: who in addition to
the Netherlands has been quietly withdrawing their gold from the NY
Fed. Was it Belgium? Or did the Dutch simply decide to haul back some
more. Or did Germany finally get over its "logistical complications"
which prevented it from transporting more than just a laughable 5 tons
in 2013? And most importantly, did Germany finally grow a pair and
decide not to let "diplomatic difficulties" stand between it and its gold? We now know the answer, and it was, indeed, the latter with
confirmation coming from the Bundesbank itself. As the German Central
Bank announced earlier today, after withdrawing an embarrassing 5
tonnes of gold from New York in 2013, its rate of repatriation soared,
and in what appears to have been just the past two months, has
transferred a whopping 85 tonnes of gold from 80 feet below street
level at Liberty 33 back to Frankfurt!Guest Post: 5 Ways To Unf##k The World
Submitted by Tyler Durden on 01/18/2015 - 22:10
Spot The Trend: The Richest 1% Are About To Own Over Half Of Global Wealth
Submitted by Tyler Durden on 01/19/2015 - 13:45 Below is a chronological progression of the famous Credit Suisse global wealth pyramid showing a dusturbing trend. Try to spot it.Bonds Pop, Stocks Drop As WTI Crude Slumps Back Under $48
Submitted by Tyler Durden on 01/19/2015 - 13:05
Russian Central Bank Bans Western Ratings Agencies
Submitted by Tyler Durden on 01/19/2015 - 12:31 On the heels of last week's downgrades by Fitch and Moody's to just above junk status, The Central Bank of Russia (CBR) has issued a statement that it will no longer use credit ratings from Standard & Poor’s, Fitch, or Moody’s that were assigned after March 1, 2014. All credit ratings will now be at the discretion of the Board of Directors of the Bank as regulators assess whether or not the ratings made after March are accurate. Sounds like Spain, Greece, and USA's previous derision over ratings agencies proclamations is heading east.
"Next Time Around The Feds Are Going To Have To Confiscate Stuff"
Submitted by Tyler Durden on 01/19/2015 - 11:52 Events are moving faster than brains now. Isn’t it marvelous that gasoline at the pump is a buck cheaper than it was a year ago? A lot of short-sighted idiots are celebrating, unaware that the low oil price is destroying the capacity to deliver future oil at any price. The table is set for the banquet of consequences. The next chapter in the oil story is more likely to be scarcity rather than just a boomerang back to higher prices. The tipping point for that will come with the inevitable destabilizing of Saudi Arabia. Next time around, the federals are going to have to confiscate stuff, break promises, take away things, and rough some people up. The question is how much of this abuse will the public take?
Who Benefits When Bubbles Burst?
Submitted by Tyler Durden on 01/19/2015 - 11:45 An astute reader recently posed an insightful question: we all know who benefits from asset bubbles in stocks, bonds and real estate--owners of assets, banks, the government (all those luscious capital gains and rising property taxes), pension funds, brokers and so on. But who benefits from the inevitable collapse of these asset bubbles? If asset bubbles end badly for virtually every participant, then why does the system go to extremes to inflate them? This is an excellent question, as it goes right to the heart of our dysfunctional Status Quo.Denmark Goes NIRP-er; Slashes Rates To -20bps Amid Currency Peg Fears
Submitted by Tyler Durden on 01/19/2015 - 10:17 It appears the actions of the Swiss National Bank have prompted questions for all central banks as cash squirts away from the looming Euro crash (if France's Hollande is to be believed) to any and every other currency. As the Danish Krone rallied to its strongest in 10 years against the EUR in the last few days, worries over the currency breaking its peg have apparently prompted the Danish Central Bank into action:- *DANISH CENTRAL BANK CUTS DEPOSIT RATE TO -0.2% FROM -0.05%
Iran OK With $25 Oil As Iraq Pumps Crude At Record Pace
Submitted by Tyler Durden on 01/19/2015 - 08:56 The precarious "game theory" equilibrium that worked for decades while OPEC was still a functioning cartel is unwinding before everyone's eyes. Just as Saudi Arabia accurately anticipated, the lower the price of crude goes, the more both OPEC members and their non-OPEC peers (especially shale companies funded by hundreds of billion in junk bonds) will have to produce in order to keep their budgeted revenues roughly in line (and keep creditors happy for the time being) in the process setting off an unprecedented wave of bankruptcies and production capacity declines, which take about 6-12 months after the price plunge to materialize. Case in point: the country formerly known as Iraq (and now better known as that region around the Tigris and the Euphrates that does not belong to ISIS) is pumping crude at a record pace and will continue to boost exports this year, its Oil Minister Adel Abdul Mahdi said.
Architect Of Abenomics Says No More BOJ Easing
Submitted by Tyler Durden on 01/19/2015 - 08:09 A few days after the SNB shocked the world when it became the first central bank to pull out of its currency war with the ECB, leading to an epic defeat not only for the Swiss economy whose exports are now set to crash and various brokers and macro hedge funds who were short the Swissy (even as the SNB is nursing an epic balance sheet as as result of its failed 3+ year intervention), and following the latest Chinese snub of its overzealous stock gamblers, next up on the "shock and awe" bandwagon may be none other than the Bank of Japan (something we noted over the weekend in "Is The BoJ The Next SNB?"), where according to Reuters, any hopes for even more QE may be dashed after a ruling party lawmaker and one of the architects of Prime Minister Shinzo Abe's "Abenomics" policies said that the Bank of Japan "does not need to ease monetary policy further this year unless the economy is hit by a severe external shock."
Market Wrap: Chinese Stocks Crash As Financials Suffer Record Drop; Commodities Resume Decline; US Closed
Submitted by Tyler Durden on 01/19/2015 - 07:12 Following last week's Swiss stock market massacre as a result of a central bank shocker, and last night's crack down by Chinese authorities, it almost appears as if the global powers are doing what they can to orchestrated a smooth, painless (as much as possible) bubble deflation. If so, what Draghi reveals in a few days may truly come as a surprise to all those- pretty much everyone - who anticipate a €500 billion QE announcement on Thursday.
Chinese Stocks Crash Most Since Feb 2007, Futures Limit-Down After Regulatory Crackdown On Margin-Trading
Submitted by Tyler Durden on 01/18/2015 - 22:20 UPDATE: *SHANGHAI COMPOSITE HEADS FOR BIGGEST LOSS SINCE FEBRUARY 2007, CSI 300 INDEX FUTURES FALL BY 10% LIMITWho could have seen this coming? Having tried and failed once to stem the speculative frenzy in Chinese stocks, regulators took more direct action tonight and suspended three of the biggest securities firms from adding margin-finance and securities lending accounts for three months following rule violations. As Bloomberg reports, Citic Securities, Haitong Securities, and Guotai Junan Securities shares plunged dragguing the entire Shanghai Composite down almost 7% and negative year-to-date.
by Michael Snyder, The Economic Collapse Blog:
During his State of the Union speech on Tuesday evening, Barack Obama
is going to promise to make life better for middle class families. Of
course he has also promised to do this during all of his other State of
the Union addresses, but apparently he still believes that there are
people out there that are buying what he is selling. Each January, he
gets up there and tells us how the economy is “turning around” and to
believe that much brighter days are right around the corner. And yet
things just continue to get even worse for the middle class. The
numbers that you are about to see will not be included in Obama’s State
of the Union speech. They don’t fit the “narrative” that Obama is
trying to sell to the American people. But all of these statistics are
accurate. They paint a picture of a middle class that is dying. Yes,
the decline of the U.S. middle class is a phenomenon that has been
playing out for decades. But without a doubt, our troubles have
accelerated during the Obama years. When it comes to economics, he is
completely and utterly clueless, and the policies that he has
implemented are eating away at the foundations of our economy like a
cancer. The following are 27 facts that show how the middle class has
fared under 6 years of Barack Obama…
Read More…
During his State of the Union speech on Tuesday evening, Barack Obama
is going to promise to make life better for middle class families. Of
course he has also promised to do this during all of his other State of
the Union addresses, but apparently he still believes that there are
people out there that are buying what he is selling. Each January, he
gets up there and tells us how the economy is “turning around” and to
believe that much brighter days are right around the corner. And yet
things just continue to get even worse for the middle class. The
numbers that you are about to see will not be included in Obama’s State
of the Union speech. They don’t fit the “narrative” that Obama is
trying to sell to the American people. But all of these statistics are
accurate. They paint a picture of a middle class that is dying. Yes,
the decline of the U.S. middle class is a phenomenon that has been
playing out for decades. But without a doubt, our troubles have
accelerated during the Obama years. When it comes to economics, he is
completely and utterly clueless, and the policies that he has
implemented are eating away at the foundations of our economy like a
cancer. The following are 27 facts that show how the middle class has
fared under 6 years of Barack Obama…Read More…
from NIA:
The Shanghai Stock Exchange crashed last night by 260.14 points or
7.7% to 3,116.35, its largest single day decline since June 10, 2008 –
after the Chinese government announced margin trading curbs at several
major brokerage firms.
The Shanghai Stock Exchange finished last week at a new 52-week closing high after gaining over 60% since January 1, 2014 – making it the world’s top performing stock market over the past year. During this same time period, Shanghai Stock Exchange margin debt increased by a stunning 235.2% or nearly quadruple the Shanghai Composite. Shanghai Stock Exchange margin debt rose from 228 billion RMB (USD$37.64 billion) at year-end 2013 to 766.66 billion RMB (USD$123.28 billion) at the end of last week – as the Shanghai Composite rose from 2,109 at year-end 2013 to 3,377 at the end of last week.
Read More @ Inflation.us
The Shanghai Stock Exchange crashed last night by 260.14 points or
7.7% to 3,116.35, its largest single day decline since June 10, 2008 –
after the Chinese government announced margin trading curbs at several
major brokerage firms.The Shanghai Stock Exchange finished last week at a new 52-week closing high after gaining over 60% since January 1, 2014 – making it the world’s top performing stock market over the past year. During this same time period, Shanghai Stock Exchange margin debt increased by a stunning 235.2% or nearly quadruple the Shanghai Composite. Shanghai Stock Exchange margin debt rose from 228 billion RMB (USD$37.64 billion) at year-end 2013 to 766.66 billion RMB (USD$123.28 billion) at the end of last week – as the Shanghai Composite rose from 2,109 at year-end 2013 to 3,377 at the end of last week.
Read More @ Inflation.us
by J.D. Heyes, Natural News:
Most Americans could never find the tiny former Soviet Republic of
Turkmenistan on a map, but the energy-rich nation recently something
that could certainly have global implications.
As reported by Agence France-Presse (AFP) and financial analysis website Zero Hedge, Turkmenistan just devalued its currency against the U.S. dollar — for now, still the world’s reserve currency — by 18 percent. It was a move described by financial experts as “contagion” tied to the recent devaluation of Russia’s currency, the ruble, which is plunging due to falling oil prices and Western economic sanctions over Moscow’s annexation of Crimea.
As AFP noted:
The highly secretive Central Asian country has vast oil and gas reserves while most of its five million people live in poverty.
Read More @ NaturalNews.com
Most Americans could never find the tiny former Soviet Republic of
Turkmenistan on a map, but the energy-rich nation recently something
that could certainly have global implications.As reported by Agence France-Presse (AFP) and financial analysis website Zero Hedge, Turkmenistan just devalued its currency against the U.S. dollar — for now, still the world’s reserve currency — by 18 percent. It was a move described by financial experts as “contagion” tied to the recent devaluation of Russia’s currency, the ruble, which is plunging due to falling oil prices and Western economic sanctions over Moscow’s annexation of Crimea.
As AFP noted:
The highly secretive Central Asian country has vast oil and gas reserves while most of its five million people live in poverty.
Read More @ NaturalNews.com
from Republic Broadcasting:
Washington, D.C. – In what can be described as a perhaps the most important shift in policing in a generation, U.S. Attorney General Eric Holder announced [Friday]
that the U.S. Department of Justice’s “adoption program” which allows
state police agencies to use federal law to seize cash, cars and other
property without having to prove that a crime occurred, will be
suspended.
According to the Washington Post, since 2008, thousands of local and state police agencies have made more than 55,000 seizures of cash and property worth $3 billion under a civil asset forfeiture program at the Justice Department called Equitable Sharing.
Read More @ RepublicBroadcasting.org
Washington, D.C. – In what can be described as a perhaps the most important shift in policing in a generation, U.S. Attorney General Eric Holder announced [Friday]
that the U.S. Department of Justice’s “adoption program” which allows
state police agencies to use federal law to seize cash, cars and other
property without having to prove that a crime occurred, will be
suspended.According to the Washington Post, since 2008, thousands of local and state police agencies have made more than 55,000 seizures of cash and property worth $3 billion under a civil asset forfeiture program at the Justice Department called Equitable Sharing.
Read More @ RepublicBroadcasting.org
from KingWorldNews:
Eric King: “It now appears at this point that the multiple bank runs in Europe have the ability to spread and create massive contagion.”
Dr. Philippa Malmgren: “We have seen Banco Santander, which is considered the most important of the continental banks in Europe, recently announce without any warning that they didn’t have enough cash and they had to do a very sudden and abrupt cash call of almost $8 billion just to stay alive….
“This started a bank run at Banco Santander. As much as 30 percent of the deposits in the U.K. were immediately withdrawn. So this was of course a very big event and it has contributed to further euro weakness. The fact is that when the biggest bank in Europe tells you without any warning that they need $8 billion just to keep the doors open, this is a big story.”
Dr. Philippa Malmgren Continues @ KingWorldNews.com
Eric King: “It now appears at this point that the multiple bank runs in Europe have the ability to spread and create massive contagion.”Dr. Philippa Malmgren: “We have seen Banco Santander, which is considered the most important of the continental banks in Europe, recently announce without any warning that they didn’t have enough cash and they had to do a very sudden and abrupt cash call of almost $8 billion just to stay alive….
“This started a bank run at Banco Santander. As much as 30 percent of the deposits in the U.K. were immediately withdrawn. So this was of course a very big event and it has contributed to further euro weakness. The fact is that when the biggest bank in Europe tells you without any warning that they need $8 billion just to keep the doors open, this is a big story.”
Dr. Philippa Malmgren Continues @ KingWorldNews.com
from The Burning Platform:
It took only 48 hours. And France took the bait.
Rather than declare the murder of the Charlie Hebdo cartoonists a crime, which it surely was, French prime minister Manuel Valls turned an act of murder into an act of war, which it surely wasn’t.
“France Declares ‘War,’” bleated a headline in Sunday’s New York Times.
Now the killers are martyrs in a holy war against the West. Western nations can now roll out more armored vehicles, more airport security, more snooping and more spending – all in the name of protecting citizens from fanatics.
Read More @ TheBurningPlatform.com
It took only 48 hours. And France took the bait.Rather than declare the murder of the Charlie Hebdo cartoonists a crime, which it surely was, French prime minister Manuel Valls turned an act of murder into an act of war, which it surely wasn’t.
“France Declares ‘War,’” bleated a headline in Sunday’s New York Times.
Now the killers are martyrs in a holy war against the West. Western nations can now roll out more armored vehicles, more airport security, more snooping and more spending – all in the name of protecting citizens from fanatics.
Read More @ TheBurningPlatform.com
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