How The CIA Gave Al-Qaeda $1 Million, And What That Money Was Used For

Submitted by Tyler Durden on 03/14/2015 - 17:45
According to The New York Times, some $1 million in money the CIA delivered to the Afghan government was handed over to Al Qaeda in 2010. As The Times notes, this is merely the latest "in a long list of examples of how the United States, largely because of poor oversight and loose financial controls, has sometimes inadvertently financed the very militants it is fighting."

China-IMF talks underway to endorse yuan as global reserve currency

from The BRICS Post:
China is pushing for the International Monetary Fund to endorse the Chinese yuan as a global reserve currency alongside the dollar and euro.
A senior Chinese central bank official said Thursday that the country is “actively communicating” with the IMF on the possibility of including the yuan, or RMB, in the basket of the Special Drawing Rights (SDRs).
Including the yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.
Read More @ TheBRICSPost.com

"An 'Old-Fashioned' Recession Is Spreading Across The World," Billionaire Hedge Fund Manager Warns

Submitted by Tyler Durden on 03/14/2015 - 21:30 The bust of Aussie boom-towns, collapse of the mining industry, dramatic capital outflows, and a bursting housing bubble all have one thing in common, according to billionaire hedge fund manager Crispin Odey - "China is everything to Australia in lots of ways." Simply put, he tells The Australian Financial Review, economies dependent on China for income, including Australia, are headed for recession and central banks will not be able to able to come to the rescue because they have exhausted the arsenal of policy weapons. "We've got a very old-fashioned recession which is spreading across the world," and Australian banks face a tough time ahead too because there are indications bad debt risks are rising.

Inside The Federal Reserve: "Money For Nothing" - The Full Movie

Submitted by Tyler Durden on 03/14/2015 - 19:15 Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chair's every word. Yet the average person knows very little about the most powerful - and least understood - financial institution on earth. "Money For Nothing" is the first film to take viewers inside the Fed and reveal the impact of Fed policies - past, present, and future - on our lives. Join current and former Fed officials as they debate the critics, and each other, about the decisions that helped lead the global financial system to the brink of collapse in 2008. And why we might be headed there again...

The Ignorance Is Bliss Market (Summed Up In 1 Simple Chart)

Submitted by Tyler Durden on 03/14/2015 - 17:00

"Cancel All Student Debt" - The Petitions Begin

Submitted by Tyler Durden on 03/14/2015 - 16:32 "Dear President Obama, Senators, and Members of Congress:
Americans now owe $1.3 trillion in student debt. Eighty-six percent of that money is owed to the United States government. This is a crushing burden for more than 40 million Americans and their families.
I urge you to take immediate action to forgive all student debt, public and private."

One Last Look At The Real Economy Before It Implodes - Part 2

Submitted by Tyler Durden on 03/14/2015 - 10:00 In the first part of this article series, we discussed the true state of global demand, along with the unstable situation within numerous indicators from exports to retail. Swiftly falling global demand for raw materials as well as consumer goods is an undeniable reality. This is a distinct problem in terms of the U.S., which has been, up until recently, the primary consumption driver for much of the world. As we will show, U.S. demand is about to fall even further into the abyss as real unemployment and personal debt take their toll.

Artist's Impression Of Obama "Refusing To Engage With Dangerous Lunatics"

Submitted by Tyler Durden on 03/14/2015 - 20:00 Keep your friends close...
 

'Unpatriotic' Goldman Dares To Suggest "Buy Russian Bonds"

Submitted by Tyler Durden on 03/14/2015 - 18:30 On the scale of 'unpatriotic' things to suggest, there is only one thing worse than a tax inversion for an American to do... suggest something positive about Russia, Russian markets, or Russia's economy. So it perhaps ultimately ironic that none other than Goldman "doing God's work" Sachs suggests Russian bonds are both cyclically and strucuturally under-priced.
 

The EU's Stalinesque "4 Year Plan"

Submitted by Tyler Durden on 03/14/2015 - 15:20 This anti-capitalistic mentality has brought about today’s essentially bankrupt “middle of the road” welfare state system, in which governments and big business are in a tight embrace that utterly deadens economic progress. The EU’s latest “Four Year Plan” is yet another in a long list of examples of this prototypical continental tradition (incidentally, Europe’s moribund banking system is one of the end results of these economic policies as well). What is really required is a return to free market principles, not yet another “government plan”.
 

When Even Varoufakis Mocks The QE "Wizard", The Game Is Almost Up

Submitted by Tyler Durden on 03/14/2015 - 14:45 Someone call the ECB because it looks like the game is well nigh up. Greek FinMins are taking time away from photo shoots and looting pension funds to call out QE for creating equity bubbles and the mainstream financial news media has figured out that there’s an acute collateral shortage and that buying €1.1 trillion in bonds €15 million at a time probably indicates a forced deviation from the original plan.
 

US Upset At West's Lack Of War Preparedness

Submitted by Tyler Durden on 03/14/2015 - 14:22 The Washington Post notes that "many Western countries are cutting their defense budgets, while military spending in Russia and China surges," leading some US and UK officials to question whether the West is prepared to counter the "greatest threats to global security."
 

Peak Pathetic: Chinese Authorities Claim Control Over the Dalai Lama’s Reincarnation Process

Submitted by Tyler Durden on 03/14/2015 - 13:15 The relative lack of political and internet freedom in China is well known, as is the egregious treatment of the Tibetan people. Despite having controlled Tibet since 1949, and the subsequent intentional migration of ethnic Han Chinese into the region in order to dilute the culture, Chinese authorities remain paranoid and filled with fear. So much so that the government is panicking at recent statements by the Dalai Lama that he may not be reincarnated. This screws up the government’s plan to name the next Dalai Lama and use him as a puppet stooge for the regime. Truly embarrassing.
 

Chinese Banks as Direct Participants in the New LBMA Gold and Silver Price Auctions? Not so Fast!

by Ronan Manly, Bullion Star:
There is a growing assumption in the financial media that a number of Chinese banks will be joining the new LBMA Gold Price auction as direct participants when the auction launches in London on Friday 20^th March. This assumption is based on various sources, but primarily on a number of general comments made by the London Bullion Market Association (LBMA) in February, and also some comments made by the LBMA last October.
ICE Benchmark Administration (IBA), the administrator for the LBMA Gold Price, issued a press release on 2nd February in which the Chief Executive of the LBMA, Ruth Crowell said:

“I’m delighted to see a high level of interested participants for the March launch. The intention and the interest has been very positive and creates a more diverse pool of participants which includes Chinese banks. We look forward to having enhanced numbers of participants for day one for the LBMA Gold Price.”

Read More @ BullionStar.com

Fraud vs Fact: Pictures Of A Collapsing U.S. Economy

by Dave Kranzler, Inevstment Research Dynamics:
Everyone who looks for the truth knows that the U.S. economy is collapsing. If one were to apply the accounting standards used in 1990 to the S&P 500 earnings, one would find that the current p/e ratio on the S&P 500 is the highest in history – by several magnitudes. But here’s some snapshots that illustrate the divorce going on between the real economy and the fake economy portrayed by Government reports and the stock market – these two graphs show wholesale business inventories to shipments (sales) and retail sales vs. the Government’s non-farm payroll fiction (click to enlarge, 1st chart from Govt report, 2nd from The King Report)
Read More @ InevstmentResearchDynamics.com

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