from Washington’s Blog:
Several central banks are directly buying stocks. They include the central banks of Switzerland, Japan, Israel, the Czech Republic, and a total of 23 percent of all nations worldwide. (And it has long been rumored that the Fed buys stocks through proxies.)
The Bank of Japan’s aggressive purchasing of stock funds has helped Japanese shares climb to multiyear highs in recent months. But some within the central bank are growing uncomfortable about the fast-paced rally and the bank’s own role in fueling it.
Since Gov. Haruhiko Kuroda took office in March 2013 and introduced monetary easing of what he called a “different dimension,” the central bank has sharply increased its buying of baskets of stocks known as exchange-traded funds. By directly underpinning the market, officials have tried to encourage private investors to follow suit and put more money in stocks in the hope of stimulating the economy and increasing inflation.
Read More @ WashingtonsBlog.com
Several central banks are directly buying stocks. They include the central banks of Switzerland, Japan, Israel, the Czech Republic, and a total of 23 percent of all nations worldwide. (And it has long been rumored that the Fed buys stocks through proxies.)
The Bank of Japan’s aggressive purchasing of stock funds has helped Japanese shares climb to multiyear highs in recent months. But some within the central bank are growing uncomfortable about the fast-paced rally and the bank’s own role in fueling it.
Since Gov. Haruhiko Kuroda took office in March 2013 and introduced monetary easing of what he called a “different dimension,” the central bank has sharply increased its buying of baskets of stocks known as exchange-traded funds. By directly underpinning the market, officials have tried to encourage private investors to follow suit and put more money in stocks in the hope of stimulating the economy and increasing inflation.
Read More @ WashingtonsBlog.com
Santelli Stunned As Janet Yellen Admits "Cash Is Not A Store Of Value"
Submitted by Tyler Durden on 03/27/2015 - 17:30 Intended warning or unintended slip? After Alan Greenspan's confessional admission that "Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it," we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that "cash in not a very convenient store of value," seemingly hinting at Bernanke's helicopter and that there will be no deflation in The US ever... Rick Santelli then sums it all up perfectly... "deflation is clearly the boogeyman... and the only thing that will save the middle class."
from KingWorldNews:
Richard Russell:
“Gold, gold, you are making me old. Today could be the day gold closes
above resistance at 1200. The anti-gold propaganda voiced to the
American people by the Fed has been long lasting and ingrained.
“He Who Owns The Gold Makes The Rules”
On other subject, China is forming a bank to rebuild and refinance the world. China is sick of the US led IMF and World Bank and is slowly moving towards the point where it will own the world’s next reserve currency.
Richard Russell Continues @ KingWorldNews.com
Richard Russell:
“Gold, gold, you are making me old. Today could be the day gold closes
above resistance at 1200. The anti-gold propaganda voiced to the
American people by the Fed has been long lasting and ingrained.“He Who Owns The Gold Makes The Rules”
On other subject, China is forming a bank to rebuild and refinance the world. China is sick of the US led IMF and World Bank and is slowly moving towards the point where it will own the world’s next reserve currency.
Richard Russell Continues @ KingWorldNews.com
Central Banks Are Paralyzed At The Zero Bound
Submitted by Tyler Durden on 03/27/2015 - 15:02 If normalisation is the result of economic recovery we will be familiar with the playbook. However, The Fed has to face the possibility that, for whatever reason, highly suppressed interest rates are not working, and an escape from the zero interest rate bound without economic recovery may have to be contemplated. If interest rates cannot rise, then the dollar itself is ultimately exposed to loss of confidence in the foreign exchanges. The dawning realisation that after recent strength, the dollar is vulnerable after all can be expected to be reflected in a positive sentiment towards gold, which once under way could drive the price up dramatically due to the lack of available bullion.
by Katherine Frisk, The Phaser.com:
If you thought Libor rigging was bad and your credit card has blown up in your face with compounding interest repayments that have you flummoxed; or you lost the family fortune due to Gold Price rigging/smashing and the mines in your country have gone belly up and had to close down; how about your local currency? How has that been doing in the last ten years or so? Have you noticed a ridiculous decline especially if you live in an emerging market? Nothing particularly “emerging”about it now is there?
On Monday, principles and ethics, referred to as a… get this, “preamble,” something we all believed the big banks had in the first place, for the world’s biggest currency markets for foreign-exchange trading, will be published in order to police what has been a free for all in currency rigging, or fixing. Are we supposed to be impressed?
Read More @ ThePhaser.com
If you thought Libor rigging was bad and your credit card has blown up in your face with compounding interest repayments that have you flummoxed; or you lost the family fortune due to Gold Price rigging/smashing and the mines in your country have gone belly up and had to close down; how about your local currency? How has that been doing in the last ten years or so? Have you noticed a ridiculous decline especially if you live in an emerging market? Nothing particularly “emerging”about it now is there?
On Monday, principles and ethics, referred to as a… get this, “preamble,” something we all believed the big banks had in the first place, for the world’s biggest currency markets for foreign-exchange trading, will be published in order to police what has been a free for all in currency rigging, or fixing. Are we supposed to be impressed?
Read More @ ThePhaser.com
KING DOLLAR DEATH WATCH
Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. The Chinese-led Asian Infrastructure Investment Bank (AAIB) won converts recently from Australia and Britain, but last week from Italy, France, Germany, Switzerland, Luxembourg, and seemingly Japan. A noticeable impact was observed on the Kenyan impostor squatter, who works to contain the damage. This week Turkey joined the AIIBank. Keep in mind that the AIIBank is for development projects. It begs for a more honestly stated function for the New Development Bank also promoted and funded by China. The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce. It is written, but in secret. It will be done, from expedience. It must be, in order to put the global financial system in sound structure and equitable balance.
Read More…
Obama Administration Bullies Allies Over Iran Nuke Deal Dissent
Submitted by Tyler Durden on 03/27/2015 - 17:00 President Obama is "blowing up our alliances to secure a deal that paves Iran’s way to a bomb," according to European sources close to the negotiations, and as Washington Free Beacon reports, efforts by the Obama administration to stem criticism of its diplomacy with Iran have included threats to nations involved in the talks, including U.S. allies. France has borne the brunt of Obama's wrath as one source in Europe close to the ongoing diplomacy said the US has begun to adopt a “harsh” stance toward its allies in Paris because "the clarifications expose just how weak the Americans’ deal is shaping up to be."
"I'm Not Stupid" Monsanto Lobbyist Refuses To Drink Weedkiller After Proclaiming "It Won't Hurt You"
Submitted by Tyler Durden on 03/27/2015 - 12:39 "Do as I say, not as I do," appears to be the message from a controversial lobbyist who claimed that the chemical in Monsanto’s Roundup weed killer was safe for humans refused to drink his own words when a French television journalist offered him a glass... "I'm not stupid," he proclaims... you be the judge...
from The Daily Sheeple:
Due process and rule of law have been replaced with “legalized” looting by government in America.
Did you know that the government of Iran steals your cash if they find more than loose change in your car? They don’t arrest you for any crime, for the simple reason you didn’t commit any crime; but it isn’t about crime and punishment–it’s about”legalizing” theft by the state.
So the government toadies don’t charge you with a crime or arrest you–they just steal your money.
Read More @ TheDailySheeple.com
Due process and rule of law have been replaced with “legalized” looting by government in America.Did you know that the government of Iran steals your cash if they find more than loose change in your car? They don’t arrest you for any crime, for the simple reason you didn’t commit any crime; but it isn’t about crime and punishment–it’s about”legalizing” theft by the state.
So the government toadies don’t charge you with a crime or arrest you–they just steal your money.
Read More @ TheDailySheeple.com
Crude Carnage & Hawkish Yellen Leave Dow In The Red For 2015
Submitted by Tyler Durden on 03/27/2015 - 16:06
Janet Yellen To Discuss "The New Normal For Monetary Policy"
Submitted by Tyler Durden on 03/27/2015 - 15:40 In a few minutes, Janet Yellen will address a lunch session in her native SF Fed (the same place that last week finally figured out what debt is) during a conference whose topic is The New Normal for Monetary Policy (the typo from "Paranormal" is easy to make). The informal agenda will be Yellen's explanation of how she plans on achieving the yield curve which we predicted back in 2010 is just a matter of time.
by Michael Snyder, The Economic Collapse Blog:
Saudi Arabia and Egypt stand poised to conduct a massive ground
invasion of Yemen, and the western media will be full of tales about how
“Operation Decisive Storm” is liberating that country from the evil
Iranian-backed Houthi rebels. And without a doubt, the Houthis are bad
guys and so are their Iranian benefactors.
But don’t be fooled into thinking that the war in Yemen is a battle of
good vs. evil. The truth is that the conflict in Yemen is actually a
proxy war between two sets of bad guys that both ultimately plan for
Islam to take over the entire planet. On one side, the Iranians are
very honest about the fact that they view us as an enemy, and they plan
to impose their version of radical Shia Islam worldwide as soon as they
can. On the other side, the Saudis pretend to be our friends, but they
don’t hide the fact that they believe that their version of Sunni Islam
will eventually rule the world. And their version of Sunni Islam
includes constant beheadings, the destruction of all churches and the
death penalty for anyone caught smuggling a Bible into Saudi territory.
At the end of the day, there is very little difference between the
Saudis and ISIS. In fact, ISIS gets a lot of funding from Saudi
sources, and there is more support for ISIS on Twitter from Saudi Arabia
than from anywhere else. Saudi Arabia is a horribly repressive regime
where women are treated like dirt, where the secret police conduct a
never ending reign of terror and where even a minor deviation from
sharia law can mean the loss of a limb. But because our politicians and
the mainstream media constantly tell us that they are “our friends”, we
cheer them on.
Read More…
Saudi Arabia and Egypt stand poised to conduct a massive ground
invasion of Yemen, and the western media will be full of tales about how
“Operation Decisive Storm” is liberating that country from the evil
Iranian-backed Houthi rebels. And without a doubt, the Houthis are bad
guys and so are their Iranian benefactors.
But don’t be fooled into thinking that the war in Yemen is a battle of
good vs. evil. The truth is that the conflict in Yemen is actually a
proxy war between two sets of bad guys that both ultimately plan for
Islam to take over the entire planet. On one side, the Iranians are
very honest about the fact that they view us as an enemy, and they plan
to impose their version of radical Shia Islam worldwide as soon as they
can. On the other side, the Saudis pretend to be our friends, but they
don’t hide the fact that they believe that their version of Sunni Islam
will eventually rule the world. And their version of Sunni Islam
includes constant beheadings, the destruction of all churches and the
death penalty for anyone caught smuggling a Bible into Saudi territory.
At the end of the day, there is very little difference between the
Saudis and ISIS. In fact, ISIS gets a lot of funding from Saudi
sources, and there is more support for ISIS on Twitter from Saudi Arabia
than from anywhere else. Saudi Arabia is a horribly repressive regime
where women are treated like dirt, where the secret police conduct a
never ending reign of terror and where even a minor deviation from
sharia law can mean the loss of a limb. But because our politicians and
the mainstream media constantly tell us that they are “our friends”, we
cheer them on.Read More…
Housing Contribution To US GDP Lowest In Post-War Era
Submitted by Tyler Durden on 03/27/2015 - 14:45 "The contribution of housing to US GDP continues to run at some of the lowest levels since the end of World War II. New construction of single- and multi-family homes, renovations, broker fees and the like still only make up a bit more than 3% of current GDP, well below the post-war average of 4.7%. Not only has the level of lift from housing come in low, but it has bounced out of the last official recession slowly, too," Deutsche Bank says.
Yemen "Gulf Intervention" Premium Erased, WTI Tumbles Back Below $49
Submitted by Tyler Durden on 03/27/2015 - 14:36 Well that was a quick geopolitical event. On the heels of what was set to be Crude's best week since July 2013, Stratfor clarifying little risk of disruption to crude supplies, Goldman confirming neglible impact from Yemen and more to Iran, and reports from Saudi Arabia that "this [Yemen] operation will not go on for long, I think it will be days," WTI crude has tumbled back to the $48 handle and erased all the "gulf intervention" premium - refocusing on domestic storage concerns.
Police Gas Student Protesters In Quebec
Submitted by Tyler Durden on 03/27/2015 - 14:20 Riot police in Quebec clash with students protesting budget cuts when suddenly, a shoving match escalates into a point-blank gas attack...
Stockman: "The Bottom's Not In", Why This Market Is Dumber Than A Mule
Submitted by Tyler Durden on 03/27/2015 - 14:04 "This market is dumber than a mule, and the nation’s central bank and its counterparts around the world have made it so."
Black Swan 2: This Is "The Next Critical Chapter In The Austrian Banking System Story"
Submitted by Tyler Durden on 03/27/2015 - 13:48 "A relatively low-profile entity in Austria – Pfandbriefbank Oesterreich AG (Pfandbriefbank) – is becoming the next critical chapter in the Austrian banking system story." - Daiwa
Syria "Welcomes" Larger Russia Presence
Submitted by Tyler Durden on 03/27/2015 - 13:24 Following Vladimir Putin's demands for an "immediate cessation of military activities" in Yemen, AFP reports Syrian President Bashar al-Assad's comment during a recent interview that "with complete confidence that we welcome any widening of the Russian presence in the eastern Mediterranean and on Syrian coasts and ports," including the port of Tartus. Amid the Western-backed opposition National Coalition's planned boycott of talks, Assad pointedly remarked, "the negotiating parties must be independent and must reflect what the Syrian people want... people would not accept that their future, their fate, or their rules are decided from outside."
Hans-Werner Sinn Fears Europe's "Very Messy" Easy-Money Endgame
Submitted by Tyler Durden on 03/27/2015 - 13:00 There is a risk that Japan, China, and the US will not sit on their hands while the euro loses value, with the world possibly even sliding into a currency war. Moreover, the southern EU countries, instead of leaving prices unchanged, could abandon austerity and issue an ever greater volume of new bonds to stimulate the economy. Competitiveness gains and rebalancing would fail to materialize, and, after an initial flash in the pan, the eurozone would return to permanent crisis. The euro, finally and fully discredited, would then meet a very messy end. One can only hope that this scenario does not come to pass, and that the southern countries stay the course of austerity. This is their last chance.
Greek Deputy FinMin Confirms Athens Is "Prepared For Rift" With Europe
Submitted by Tyler Durden on 03/27/2015 - 12:02 Just days after Greek FinMin Yanis Varoufakis' comments about hoping the Greek people will continue to back the government "after the rift," were played down by Syriza; ekathimerini reports that Alternate Finance Minister Euclid Tsakalotos on Friday made waves by seeming to confirm that the Greek government was "always prepared for a rift" with its European creditors - "If you don't entertain the possibility of a rift in the back of your mind then obviously the creditors will pass the same measures as they did with the previous [government]," (which perhaps explains why default risks are soaring back to post-crisis highs).
from Outsider Club:
I’ve talked pretty extensively about the imminent dangers of crony capitalism and plutocracy in America.
Not only are these issues contributing to what is the largest inequality gap in history, but it’s making all of the financial laws of the land arbitrary and obsolete.
Its not only stifling socioeconomic mobility, but it’s stifling innovation at large.
And a story in yesterday’s Wall Street Journal happens to perfectly articulate a real-life example illuminating just how toxic government relationships can be with mega-corporations — cozy and comfortable, mutually beneficial, abusive and/or privileged at times but totally cancerous to some of democracy’s big-picture goals.
Read More @ OutsiderClub.com
I’ve talked pretty extensively about the imminent dangers of crony capitalism and plutocracy in America.Not only are these issues contributing to what is the largest inequality gap in history, but it’s making all of the financial laws of the land arbitrary and obsolete.
Its not only stifling socioeconomic mobility, but it’s stifling innovation at large.
And a story in yesterday’s Wall Street Journal happens to perfectly articulate a real-life example illuminating just how toxic government relationships can be with mega-corporations — cozy and comfortable, mutually beneficial, abusive and/or privileged at times but totally cancerous to some of democracy’s big-picture goals.
Read More @ OutsiderClub.com
from The News Doctors:
One of the poorest and most violent countries in the Middle East,
Yemen is also an area of strategic importance for regional players – and
some of the world’s most dangerous terror groups. RT explains the
underlying reasons behind the nation’s conflicts.
Strategic Location
The territory that lies within Yemen’s borders is one of the most ancient cradles of civilization in the Middle East, once known as ‘Arabia Felix’ – Latin for “happy” or “fortunate” – in ancient times. The lands of Yemen were more fertile than most on the Arabian Peninsula, as they received more rain due to high mountains. But because of declining natural resources, including oil, Yemen and its population of about 26 million are now very poor.
Read More @ TheNewsDoctors.com
One of the poorest and most violent countries in the Middle East,
Yemen is also an area of strategic importance for regional players – and
some of the world’s most dangerous terror groups. RT explains the
underlying reasons behind the nation’s conflicts.Strategic Location
The territory that lies within Yemen’s borders is one of the most ancient cradles of civilization in the Middle East, once known as ‘Arabia Felix’ – Latin for “happy” or “fortunate” – in ancient times. The lands of Yemen were more fertile than most on the Arabian Peninsula, as they received more rain due to high mountains. But because of declining natural resources, including oil, Yemen and its population of about 26 million are now very poor.
Read More @ TheNewsDoctors.com
from SRSrocco Report:
If the “markets” are rigged and economies divorced from true market valuations, then what (if anything) could trigger a recoupling of reality to the record setting flashing numbers presently offered by the “market” facade? My best guess is decelerating global credit and debt creation (and a rotation from private to government debt creation) is the harbinger progressively pushing the financial rigging to its ludicrous conclusion. The rigging isn’t likely to stop, but the loss of belief and confidence in these numbers (along with economic mismanagement based on these faulty signals) is soon to force market resets and revaluations of everything. This will culminate in a global depression of unknown duration and depths until balance is restored.
Read More…
If the “markets” are rigged and economies divorced from true market valuations, then what (if anything) could trigger a recoupling of reality to the record setting flashing numbers presently offered by the “market” facade? My best guess is decelerating global credit and debt creation (and a rotation from private to government debt creation) is the harbinger progressively pushing the financial rigging to its ludicrous conclusion. The rigging isn’t likely to stop, but the loss of belief and confidence in these numbers (along with economic mismanagement based on these faulty signals) is soon to force market resets and revaluations of everything. This will culminate in a global depression of unknown duration and depths until balance is restored.
Read More…
by Glenn, Greenwald, The Intercept:
A truly stunning debasement of the U.S. justice system just occurred
through the joint efforts of the Obama Justice Department and a meek and
frightened Obama-appointed federal judge, Edgardo Ramos, all in order
to protect an extremist neocon front group from scrutiny and
accountability. The details are crucial for understanding the magnitude
of the abuse here.At the center of it is an anti-Iranian group calling itself “United Against Nuclear Iran” (UANI), which is very likely a front for some combination of the Israeli and U.S. intelligence services. When launched, NBC described its mission as waging “economic and psychological warfare” against Iran. The group was founded and is run and guided by a roster of U.S., Israeli and British neocon extremists such as Joe Lieberman, former Bush Homeland Security adviser (and current CNN “analyst”) Fran Townsend, former CIA Director James Woolsey, and former Mossad Director Meir Dagan. One of its key advisers is Olli Heinonen, who just co-authored a Washington Post Op-Ed with former Bush CIA/NSA Director Michael Hayden arguing that Washington is being too soft on Tehran.
Read More @ Firstlook.org
from TheAlexJonesChannel:
from The Free Thought Project:
Drivers as well as their passengers in Topeka Kansas will soon be
subject to a new policy requiring everyone to put their hands up during
police stops.
Police say they are implementing this policy because “we all want to go home to our families, and this makes it safer for us to approach vehicles to gain that compliance. It gives us a chance to survive these encounters.”
However, the implications regarding this practice are horrid, and many residents are up in arms about being forced to be up in arms.
Read More See Infographic @ TheFreeThoughtProject.com
Drivers as well as their passengers in Topeka Kansas will soon be
subject to a new policy requiring everyone to put their hands up during
police stops.Police say they are implementing this policy because “we all want to go home to our families, and this makes it safer for us to approach vehicles to gain that compliance. It gives us a chance to survive these encounters.”
However, the implications regarding this practice are horrid, and many residents are up in arms about being forced to be up in arms.
Read More See Infographic @ TheFreeThoughtProject.com
from Western Journalism:
It must be nice to have the mainstream media in your pocket. That way
you can control how you are defined to the American people and the
world. It seems Hillary still has this capability now that she is
looking to run for president, so her super-PAC had no problem issuing
instructions to the media on what words could be used to describe their
candidate.
Do you work in the media and have the gall to think that the entire Webster’s dictionary is at your disposal? Think again, you sexist… “We will be watching, reading, listening and protesting coded sexism,” the pro-Hillary group HRC Super Volunteers warned The New York Times’ Amy Chozick Wednesday.
Read More @ WesternJournalism.com
It must be nice to have the mainstream media in your pocket. That way
you can control how you are defined to the American people and the
world. It seems Hillary still has this capability now that she is
looking to run for president, so her super-PAC had no problem issuing
instructions to the media on what words could be used to describe their
candidate.Do you work in the media and have the gall to think that the entire Webster’s dictionary is at your disposal? Think again, you sexist… “We will be watching, reading, listening and protesting coded sexism,” the pro-Hillary group HRC Super Volunteers warned The New York Times’ Amy Chozick Wednesday.
Read More @ WesternJournalism.com
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