White House Caught Secretly Airlifting $1.7 Billion US Taxpayer Cash To Tehran To Ensure Iran Nuclear Accord Success
Last week, Reuters issued a report which shows that quantitative easing has never stopped for the four major central banks, and that they are printing over $1 trillion every six months in new liquidity to support their markets. And incredibly, what began as programs to purchase non-performing toxic debt from financial institutions has morphed into both direct equity buying, and now with the ECB, the purchasing of corporate debt.
So with so much stimulus money being printed now, and over the past eight years, how is it possible that banks, particularly in Europe, can be so insolvent and once again be on the cusp of collapse?
“..I sat at my desk wringing my hands, transfixed by the tragic slapstick of British politics..
“We are in the biggest domestic political crisis of my life..
“This is only the second time I can remember when the normal, trivial business of office life has stopped — and stayed stopped..
“I’ve witnessed a few surprising general election results, a few terrible terrorist events, a few sporting triumphs and defeats where we stopped and gawped and worried or marvelled for a little, but it never lasted long..
“The only other time I can remember when everything ceased was after 9/11..
This development concerns the very high level of executive staff turnover at World Gold Trust Services, the New York based ‘Sponsor’ of the mammoth gold GLD gold-backed Exchange Traded Fund that is listed on the NYSE.
For within the space of less than 3 years, World Gold Trust Services has gone through 4 Chief Executive Officers (CEOs) and 3 Chief Financial Officers (CFOs). By any standard this is a huge amount of senior executives moving through the roles, and would normally ring alarm bells in the corporate governance departments of major institutional investors. Perhaps it has caused concern among institutional investors of the SPDR Gold Trust (GLD), but if it has, it has gone unreported.
Try this and see what happens in your household… pull the plug on your internet router. How long will it take before there are inconveniences or upset people (especially the younger ones) …
I have been having issues with my internet service all week, and this morning it went ‘belly up’ – no internet. Having spent some time on the phone with my Internet Service Provider, they finally concluded to send someone out tomorrow (probably a hardware issue with the modem itself).
It got me to thinking about how we might fare if the internet were to go down, and it’s a scary thought…
Home ownership falls in the UK. US personal income declines as more people use credit to survive. US auto sales decline in July. Students are defaulting on their student loans and the government is trying to collect. The construction boom is over in the US, building is slowing. Baltic Dry Index declines. Aetna quits Obamacare. Obama will try to pass the TPP during the lame duck session of congress.
One thing that you have to appreciate about Donald Trump is that unlike most politicians, he actually says what is on his mind. On Tuesday, Trump told Fox Business that he had already gotten out of the stock market, and that he foresees “very scary scenarios” ahead for investors. And of course things have already started to get a bit ominous for those holding stocks over the last week and a half. The Dow Jones Industrial Average has now closed down for seven days in a row, and that is the longest losing streak that we have seen since the panic of last August. Over the past 12 months we have seen virtually every other major global stock market experience at least one major crash. Could the U.S. markets be next?
Khizr Khan, the Muslim Gold Star father that the mainstream media and former Secretary of State Hillary Clinton have been using to criticize Donald J. Trump, has deep ties to the government of Saudi Arabia—and to international Islamist investors through his own law firm. In addition to those ties to the wealthy Islamist nation, Khan also has ties to controversial immigration programs that wealthy foreigners can use to essentially buy their way into the United States—and has deep ties to the “Clinton Cash” narrative through the Clinton Foundation.
Khan and his wife Ghazala Khan both appeared on stage at the Democratic National Convention to attack, on Democratic presidential nominee Hillary Clinton’s behalf, Donald Trump—the Republican nominee for president. Their son, U.S. Army Captain Humayun Khan, was killed in Iraq in 2004. Khizr Khan, in his speech to the DNC, lambasted Donald Trump for wanting to temporarily halt Islamic migration to America from countries with a proven history of exporting terrorists.
While Americans were bustling about in preparation for their weekend, President Barack Obama quietly signed a bill late Friday afternoon that will likely forever keep people in the dark about the presence of genetically modified organisms (GMOs) in their food.
Drafted by Senate Agriculture Chairman Pat Roberts, R-Kan., and ranking Democrat Debbie Stabenow of Michigan, the legislation gives food producers the option to disclose GMO ingredients through digital codes, instead of the mandatory, on-package labels called for by 90 percent of citizens.
Consumers wishing to learn about GMO ingredients will have to use smart phones to scan a barcode on food packages that reads: “Scan here for more food information.” The percentage of GMOs in a food product that requires QR code labeling will be decided by the future Secretary of Agriculture.