by Justin Menza, CNBC:
The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday.
The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday.
Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.” (Read more: Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates.)
“I have no problem
doing extraordinary things in extraordinary times,” said Lindsey, a
former White House economic advisor under former president George W.
Bush who now runs his own consulting firm.
Read More @ CNBCHow Crony Capitalism (Or The 'Undiluted Lunacy' Of The Fed) Corrupts The Free Markets
"This
is the final abomination" is how David Stockman begins his epic rant
on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death"
by saying "this has gone too far, it's street-fighting time" as he
decides, instead of the erudite philosophical view of how capitalism is
being destroyed by statist philosophies of one type or another, to
launch into a full-strength tirade about The Fed. For starters, "The Fed is being run by the single most-dangerous man ever to hold high office in the history of the United States, "as he opines that Bernanke is more dangerous than Geithner, Greenspan, Summers, Hank Paulson all put together. Must watch...The Financial Crisis Of 2015 - A Non-Fictional Fiction
The
financial crisis of 2008 shook politicians, bankers, regulators,
commentators and ordinary citizens out of the complacency created by the
25-year "great moderation". Yet, for all the rhetoric around a new
financial order, and all the improvements made, many of the old risks
remain (and some are far larger). The following 'story' suggests a
scenario based on an 'avoidable history' and while future crises are not avoidable, being a victim of the next one is."John Banks was woken by his phone at 3am on Sunday 26th April 2015. John worked for Garland Brothers, a formerly British bank that had relocated its headquarters to Singapore in late 2011 as a result of..."
How The Fed Crushed China's Ability To Join The Ease-Fest
It will not come as a surprise to anyone who has spent any time reading Zero Hedge (here, here, and here very recently) but now yet another one of our 'crazy fringe blog' non-consensus ideas - the fact that China is cornered by inflation concerns and unable to ease aggressively - has now been confirmed by none other than the Bank of China and Bank of Korea themselves. As the WSJ reports, "The rise in global liquidity could lead to rapid capital inflows into emerging markets including South Korea and China and push up global raw-material prices." The latest round of easing by the U.S. will increase inflationary pressures for emerging-market economies, Mr. Chen said. "This contributes to a monetary-policy dilemma for Chinese authorities", he added. While markets have looked for signs of more forceful action by China's leaders to rekindle growth, some officials attribute the government's caution to fears of reigniting inflation. This confirms previous comments by the PBoC that "A domestic policy may be optimal for the U.S. alone. However at the same time it is not necessarily optimal for the world," he said at the time. "There is a conflict between the U.S. dollar's domestic role and its international settlement role."
by Joel Gehrke, Examiner:
Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.
“There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”
The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.
Read More @ Examiner.com
Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.
“There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”
The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.
Read More @ Examiner.com
[Ed. Note:
Under the NDAA, this likely means they can (and may) target Assange for
assassination... because he revealed U.S. military war crimes. THIS is
your government folks. Articulate your pride in the comments section
below.]
from Times247:
The U.S. military has designated Julian Assange and WikiLeaks as
enemies of the United States — the same legal category as the al-Qaeda
terrorist network and the Taliban insurgency.
Declassified US Air Force counter-intelligence documents, released under US freedom-of-information laws, reveal that military personnel who contact WikiLeaks or WikiLeaks supporters may be at risk of being charged with “communicating with the enemy”, a military crime that carries a maximum sentence of death.
The documents, some originally classified “Secret/NoForn” — not releasable to non-US nationals — record a probe by the air force’s Office of Special Investigations into a cyber systems analyst based in Britain who allegedly expressed support for WikiLeaks and attended pro-Assange demonstrations in London.
Read More @ Times247.com
from BenSwannRealityCheck:
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
from Times247:
The U.S. military has designated Julian Assange and WikiLeaks as
enemies of the United States — the same legal category as the al-Qaeda
terrorist network and the Taliban insurgency.Declassified US Air Force counter-intelligence documents, released under US freedom-of-information laws, reveal that military personnel who contact WikiLeaks or WikiLeaks supporters may be at risk of being charged with “communicating with the enemy”, a military crime that carries a maximum sentence of death.
The documents, some originally classified “Secret/NoForn” — not releasable to non-US nationals — record a probe by the air force’s Office of Special Investigations into a cyber systems analyst based in Britain who allegedly expressed support for WikiLeaks and attended pro-Assange demonstrations in London.
Read More @ Times247.com
from BenSwannRealityCheck:
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
I'm PayPal Verified
by Richard Daughty, MogamboGuru.Blogspot.ca:
Ben Bernanke is the panicked and clueless chairman of the evil Federal Reserve, and he has just shocked the world to announce that, henceforth, the Federal Reserve will create enough money to buy $40 billion per month of mortgage-backed securities.
This comes to a cool $480 billion a year in new money right there.
And this does not even mention the additional $1 trillion or so that the Fed is going to have to create over the next year to buy the tons of new government bonds necessary to pay for what seems to a terrifying $1.4 trillion budget-deficit of the loathsome Obama administration.
So I figure that we are looking at close to $2 trillion in new money this year! That’s a 20% increase in the money supply! In One Freaking Year (OFY)! Gaaahhh!
Read More @ MogamboGuru.Blogspot.ca
Ben Bernanke is the panicked and clueless chairman of the evil Federal Reserve, and he has just shocked the world to announce that, henceforth, the Federal Reserve will create enough money to buy $40 billion per month of mortgage-backed securities.
This comes to a cool $480 billion a year in new money right there.
And this does not even mention the additional $1 trillion or so that the Fed is going to have to create over the next year to buy the tons of new government bonds necessary to pay for what seems to a terrifying $1.4 trillion budget-deficit of the loathsome Obama administration.
So I figure that we are looking at close to $2 trillion in new money this year! That’s a 20% increase in the money supply! In One Freaking Year (OFY)! Gaaahhh!
Read More @ MogamboGuru.Blogspot.ca
from PeterSantilliTV:
In the first hour, Pete welcomes to the show Dan Johnson, Founder of http://www.PANDAUNITE.org (People Against the NDAA) to discuss the progress of the legal battle to determine the constitutionality of the National Defense Authorization Act. Mr. Johnson has established 80 chapters in 35 states since launching the campaign in April 2012. Every listener of this segment will be very impressed with Dan Johnson.
In the first hour, Pete welcomes to the show Dan Johnson, Founder of http://www.PANDAUNITE.org (People Against the NDAA) to discuss the progress of the legal battle to determine the constitutionality of the National Defense Authorization Act. Mr. Johnson has established 80 chapters in 35 states since launching the campaign in April 2012. Every listener of this segment will be very impressed with Dan Johnson.
by Jonathan Benson, Natural News:
A Minnesota farmer who has been repeatedly targeted by his state’s agriculture department for facilitating the transport and delivery of raw milk to private cooperative members has been ruled innocent of the ridiculous charges filed against him in Hennepin County. The Minneapolis Star Tribune reports that Alvin Schlangen has been found not guilty of three misdemeanor charges filed against him, which include selling unpasteurized milk, operating without a food license, and handling adulterated or mis-branded food.
Private food cooperatives are not businesses
For more than 10 years, Schlangen, who is primarily an organic egg farmer, has been volunteering his time to help members of a cooperative he started to access the clean, farm-fresh foods of their choice from various farms throughout the region. Members of Freedom Farms Co-op, which reportedly has about 130 active members, are able to purchase a variety of fresh farm food products, including raw milk, and have it delivered to them on a regular basis.
Read More @ NaturalNews.com
A Minnesota farmer who has been repeatedly targeted by his state’s agriculture department for facilitating the transport and delivery of raw milk to private cooperative members has been ruled innocent of the ridiculous charges filed against him in Hennepin County. The Minneapolis Star Tribune reports that Alvin Schlangen has been found not guilty of three misdemeanor charges filed against him, which include selling unpasteurized milk, operating without a food license, and handling adulterated or mis-branded food.
Private food cooperatives are not businesses
For more than 10 years, Schlangen, who is primarily an organic egg farmer, has been volunteering his time to help members of a cooperative he started to access the clean, farm-fresh foods of their choice from various farms throughout the region. Members of Freedom Farms Co-op, which reportedly has about 130 active members, are able to purchase a variety of fresh farm food products, including raw milk, and have it delivered to them on a regular basis.
Read More @ NaturalNews.com
by Madison Ruppert, Activist Post
Earlier this year former Mayor of New York City Rudolph Giuliani openly promoted using terrorism as a way to stop the non-existent Iranian nuclear weapons program (for more confirmation of this fact see statements from U.S. Secretary of Defense Leon Panetta and the U.S. intelligence community).
Similarly, Israel’s current Vice Prime Minister and Strategic Affairs Minister and former Chief of Staff of the Israel Defense Forces, Moshe Ya’alon, has made a thinly veiled statement promoting using terrorism against Iran.
Given that a known terrorist organization, the Mujahedeen-e Khalq (MEK), members of which were trained by the Israeli Mossad according to U.S. officials, was recently de-listed by the U.S. State Department (a move with Iran has called a violation of international obligations), increased terrorism and assassinations (which some mainstream journalists attribute to Israel) in Iran seems likely.
Read More @ Activist Post
Earlier this year former Mayor of New York City Rudolph Giuliani openly promoted using terrorism as a way to stop the non-existent Iranian nuclear weapons program (for more confirmation of this fact see statements from U.S. Secretary of Defense Leon Panetta and the U.S. intelligence community).
Similarly, Israel’s current Vice Prime Minister and Strategic Affairs Minister and former Chief of Staff of the Israel Defense Forces, Moshe Ya’alon, has made a thinly veiled statement promoting using terrorism against Iran.
Given that a known terrorist organization, the Mujahedeen-e Khalq (MEK), members of which were trained by the Israeli Mossad according to U.S. officials, was recently de-listed by the U.S. State Department (a move with Iran has called a violation of international obligations), increased terrorism and assassinations (which some mainstream journalists attribute to Israel) in Iran seems likely.
Read More @ Activist Post
from KingWorldNews:
Today legendary value investor Jean-Marie Eveillard told King World News, “There are people who have figured out that in view of the enormous amount of money printing, which has taken place over the past three or four years, a price of $15,000 an ounce for gold would not be absurd.”
Eveillard, who oversees $60 billion, also said, “I’m not sure they are right, because I have not studied how they came to that conclusion, but I think what is true is there has been gigantic money printing, which will of course help the price of gold.”
Here is what Eveillard had to say: “The global economy seems to be weakening. It’s weakening in the US, Europe, China, in Asia, and this is in spite of the stimulus. Asia is suffering because Japan continues to do poorly. Again, this weakness is apparent despite the fact that Neo-Keynesian policies are in place. There is enormous fiscal stimulus associated with gigantic budget deficits.”
Jean-Marie Eveillard continues @ KingWorldNews.com
Jail time for refusing to comply with mandatory key disclosure hasn’t occurred in the United States yet. But, it’s already happening in jurisdictions such as the UK, where a 33-year-old man was incarcerated for refusing to turn over his decryption keys and a youth was jailed for not disclosing a 50-character encryption password to authorities. Similarly harsh, key disclosure laws also exist in Australia and South Africa which compel individuals to surrender cryptographic keys to law enforcement without regard for the usual common law protection against self-incrimination. – Forbes
Dominant Social Theme: If you encrypt it, it’s good as gold.
Free-Market Analysis: Here’s something we don’t ordinarily see in the mainstream press: thoughtful, even courageous, reporting. The author of this article, Jon Matonis, has pointed out that where cryptography has succeeded, authoritarianism must eventually follow.
In fact, his point is even more subversive: Successful encryption PROVOKES the state. Using Tor encryption, many currently feel secure about their state of affairs. But the rampant state in the 21st century has the answer to this: It will simply arrest you and throw you in jail until you render your “key” unto Caesar. Here’s some more from the article:
Read More @ TheDailyBell.com
[Ed. Note: We need to get Brian Ross on that Corzine MF Global money.]
from MOXNEWSd0tC0M:
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
Today legendary value investor Jean-Marie Eveillard told King World News, “There are people who have figured out that in view of the enormous amount of money printing, which has taken place over the past three or four years, a price of $15,000 an ounce for gold would not be absurd.”
Eveillard, who oversees $60 billion, also said, “I’m not sure they are right, because I have not studied how they came to that conclusion, but I think what is true is there has been gigantic money printing, which will of course help the price of gold.”
Here is what Eveillard had to say: “The global economy seems to be weakening. It’s weakening in the US, Europe, China, in Asia, and this is in spite of the stimulus. Asia is suffering because Japan continues to do poorly. Again, this weakness is apparent despite the fact that Neo-Keynesian policies are in place. There is enormous fiscal stimulus associated with gigantic budget deficits.”
Jean-Marie Eveillard continues @ KingWorldNews.com
by Staff Report, TheDailyBell.com
Jail time for refusing to comply with mandatory key disclosure hasn’t occurred in the United States yet. But, it’s already happening in jurisdictions such as the UK, where a 33-year-old man was incarcerated for refusing to turn over his decryption keys and a youth was jailed for not disclosing a 50-character encryption password to authorities. Similarly harsh, key disclosure laws also exist in Australia and South Africa which compel individuals to surrender cryptographic keys to law enforcement without regard for the usual common law protection against self-incrimination. – Forbes
Dominant Social Theme: If you encrypt it, it’s good as gold.
Free-Market Analysis: Here’s something we don’t ordinarily see in the mainstream press: thoughtful, even courageous, reporting. The author of this article, Jon Matonis, has pointed out that where cryptography has succeeded, authoritarianism must eventually follow.
In fact, his point is even more subversive: Successful encryption PROVOKES the state. Using Tor encryption, many currently feel secure about their state of affairs. But the rampant state in the 21st century has the answer to this: It will simply arrest you and throw you in jail until you render your “key” unto Caesar. Here’s some more from the article:
Read More @ TheDailyBell.com
[Ed. Note: We need to get Brian Ross on that Corzine MF Global money.]
from MOXNEWSd0tC0M:
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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