Dear FBI... Please send EVERYTHING over to Wikileaks...
Distraction and a Friday night....Must be some kind of Bad announcement coming...
A government-backed Revolt against NIRP-Obsessed DraghiOn the fateful day of June 8, when the ECB began buying euro-denominated corporate bonds, some of which now trade in negative-yield absurdity, the two biggest German banks counter-attacked in a well-coordinated two-pronged move.
Commerzbank, of which the German government owns nearly 16% as a consequence of the bailout during the Financial Crisis, leaked to Reuters with impeccable timing that it was considering hoarding tons (literally) of cash in its vaults rather than paying the punishment interest on deposits at the ECB.
That “punishment interest,” as Germans call the negative interest the ECB charges for deposits, is -0.4%. Currently, Eurozone banks have €850 billion on deposit at the ECB, so the punishment interest would cost them €3.4 billion per year.
Read More
The British have recently seen two unpleasant examples of the cost of pension fund deficits.A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both cases, pension fund deficits have scuppered corporate rescue plans, because understandably no buyer will take on these liabilities.
These two cases are the small tips of a very large iceberg, and reflect problems not just in Britain, but anywhere where pension schemes exist. They have been brewing for some considerable time, but have escalated as a direct consequence of central banking’s monetary policies. They are a crisis whose cause is concealed not only from the pensioners, but from trustees and investment managers as well.
Read More
from Gold Switzerland:
Singapore based top analyst and fund manager Grant Williams speaks with Lars Schall, for Matterhorn Asset Management, about Oil, Gold and The Donald, inter alia.
Singapore based top analyst and fund manager Grant Williams speaks with Lars Schall, for Matterhorn Asset Management, about Oil, Gold and The Donald, inter alia.
by Jeff Nielson, Bullion Bulls Canada:
Surreal. This is one of the adjectives which comes to mind in viewing
economic circumstances, in general, and the U.S. economy in particular.
In the fall of 2014; a previous commentary broadcast a warning titled The Next Crash in 2016. It was not so much a “prediction” as mere observation and extrapolation. We had just finished witnessing (and enduring) two, previous, eight year bubble-and-crash cycles, orchestrated by the Big Bank crime syndicate known as “the One Bank”.
The reason for the length and timing of these cycles, as noted by another commentator, was to coincide with the U.S. election cycle. As one half of the Two-Party Dictatorship nears the end of its eight-year reign of power, it becomes the scapegoat for the crash, allowing the other puppet-party to portray themselves as the White Knights who then rescue the U.S. economy. The fact that these “White Knights” were the scapegoats for the previous crash is long forgotten by the zombie-electorate.
Read More
Surreal. This is one of the adjectives which comes to mind in viewing
economic circumstances, in general, and the U.S. economy in particular.In the fall of 2014; a previous commentary broadcast a warning titled The Next Crash in 2016. It was not so much a “prediction” as mere observation and extrapolation. We had just finished witnessing (and enduring) two, previous, eight year bubble-and-crash cycles, orchestrated by the Big Bank crime syndicate known as “the One Bank”.
The reason for the length and timing of these cycles, as noted by another commentator, was to coincide with the U.S. election cycle. As one half of the Two-Party Dictatorship nears the end of its eight-year reign of power, it becomes the scapegoat for the crash, allowing the other puppet-party to portray themselves as the White Knights who then rescue the U.S. economy. The fact that these “White Knights” were the scapegoats for the previous crash is long forgotten by the zombie-electorate.
Read More
from X22Report:
FBI coming for the 4th Amendment. Police now robbing you by taking your cash and also swiping your debit,credit or prepaid cards. There are only 10 countries in the world that are not seeing war. Saudi’s threaten to leave UN over human rights issues in Yemen. French special forces now have boots on the ground, add this to the US and UK. There is a report that the US and Turkey allegedly agreed on a safe zone in Northern Syria. Corporate media and government now pushing the propaganda that the IS will use a dirty bomb very soon. President Obama and DHS are now telling everyone to be prepared. Does the government know something we don’t.
FBI coming for the 4th Amendment. Police now robbing you by taking your cash and also swiping your debit,credit or prepaid cards. There are only 10 countries in the world that are not seeing war. Saudi’s threaten to leave UN over human rights issues in Yemen. French special forces now have boots on the ground, add this to the US and UK. There is a report that the US and Turkey allegedly agreed on a safe zone in Northern Syria. Corporate media and government now pushing the propaganda that the IS will use a dirty bomb very soon. President Obama and DHS are now telling everyone to be prepared. Does the government know something we don’t.
from Rogue Money:
On June 8, the London Stock Exchange issued the first Chinese offshore
sovereign bond, setting the table for the internationalization of the
Renminbi currency. This move had been months in the making when the
City of London had signed an agreement to participate in Yuan
denominated Chinese bonds being sold in their global markets.
This move also is another step in China’s ultimate plan to have the Yuan currency be on par or greater than the dollar as a medium of trade, especially following last year’s acceptance into the IMF’s SDR basket of reserve currencies.
Read More
On June 8, the London Stock Exchange issued the first Chinese offshore
sovereign bond, setting the table for the internationalization of the
Renminbi currency. This move had been months in the making when the
City of London had signed an agreement to participate in Yuan
denominated Chinese bonds being sold in their global markets.This move also is another step in China’s ultimate plan to have the Yuan currency be on par or greater than the dollar as a medium of trade, especially following last year’s acceptance into the IMF’s SDR basket of reserve currencies.
Read More
by Andrew P. Napolitano, Lew Rockwell:
While Hillary Clinton and Bernie Sanders are battling in their final
round in the Democratic primaries and Donald Trump is arguing that
Clinton should be in prison for failing to safeguard state secrets while
she was secretary of state, the same FBI that is diligently
investigating her is quietly and perniciously seeking to cut more holes
in the Fourth Amendment to the Constitution.
That amendment — which requires the government to obtain a search warrant issued by a judge based upon some evidence of criminal wrongdoing, called probable cause, before the government can search persons, houses, papers or effects — is the linchpin of the right to privacy, famously referred to by Justice Louis Brandeis as the right to be let alone.
The Fourth Amendment has a painful yet unambiguous history. The essence of that history is the well-documented and nearly universal Colonial revulsion to the British use of general warrants.
Read More
While Hillary Clinton and Bernie Sanders are battling in their final
round in the Democratic primaries and Donald Trump is arguing that
Clinton should be in prison for failing to safeguard state secrets while
she was secretary of state, the same FBI that is diligently
investigating her is quietly and perniciously seeking to cut more holes
in the Fourth Amendment to the Constitution.That amendment — which requires the government to obtain a search warrant issued by a judge based upon some evidence of criminal wrongdoing, called probable cause, before the government can search persons, houses, papers or effects — is the linchpin of the right to privacy, famously referred to by Justice Louis Brandeis as the right to be let alone.
The Fourth Amendment has a painful yet unambiguous history. The essence of that history is the well-documented and nearly universal Colonial revulsion to the British use of general warrants.
Read More
from The Richie Allen Show:
by Jeff Berwick, The Dollar Vigilante:
Bilderberg was founded in 1954 and is an annual private conference of
120 to 150 people of the European and North American political elite,
leaders from industry, finance, academia and the media.
Along with Luke Rudkowski of We Are Change and Dan Dicks of Press For Truth, I infiltrated the conference last year. We were surprised to find the entire White House Press Corp. staying in the Bilderberg hotel in Austria. We wondered if Bilderberg was finally going to be more transparent.
We asked media if they were there to cover the Bilderberg conference and they said they had never heard of it! When we asked why they were there, they said they were covering the G7 in the days just before and had flown in via helicopter near Munich where it so happened Bilderberg was meeting.
We told them they should stay and cover Bilderberg, because unlike at the G7 (which as far as I can tell is just a big party) the real key decisions and discussions happen at Bilderberg.
Read More
Bilderberg was founded in 1954 and is an annual private conference of
120 to 150 people of the European and North American political elite,
leaders from industry, finance, academia and the media.Along with Luke Rudkowski of We Are Change and Dan Dicks of Press For Truth, I infiltrated the conference last year. We were surprised to find the entire White House Press Corp. staying in the Bilderberg hotel in Austria. We wondered if Bilderberg was finally going to be more transparent.
We asked media if they were there to cover the Bilderberg conference and they said they had never heard of it! When we asked why they were there, they said they were covering the G7 in the days just before and had flown in via helicopter near Munich where it so happened Bilderberg was meeting.
We told them they should stay and cover Bilderberg, because unlike at the G7 (which as far as I can tell is just a big party) the real key decisions and discussions happen at Bilderberg.
Read More
by Paul Craig Roberts, Paul Craig Roberts:
On the eve of World War II the United States was still mired in the
Great Depression and found itself facing war on two fronts with Japan
and Germany. However bleak the outlook, it was nothing compared to the
outlook today.
Has anyone in Washington, the presstitute Western media, the EU, or NATO ever considered the consequences of constant military and propaganda provocations against Russia? Is there anyone in any responsible position anywhere in the Western world who has enough sense to ask: “What if the Russians believe us? What if we convince Russia that we are going to attack her?”
The same can be asked about China.
Read More
/
On the eve of World War II the United States was still mired in the
Great Depression and found itself facing war on two fronts with Japan
and Germany. However bleak the outlook, it was nothing compared to the
outlook today.Has anyone in Washington, the presstitute Western media, the EU, or NATO ever considered the consequences of constant military and propaganda provocations against Russia? Is there anyone in any responsible position anywhere in the Western world who has enough sense to ask: “What if the Russians believe us? What if we convince Russia that we are going to attack her?”
The same can be asked about China.
Read More
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uELexvd4foPvRQ08iYNRrL8zSbysN1W0c-hx_sMTv4lSYC6iiHsgwyrL-jFUDll-Mk9SYg4hsrG0wnkCXTk8mcPCyFqqm4v4DRyl5-xn6qSAg8fS7WE624hFdZz35-nqMVvw=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u_VekN2G3pPe2NnjyeIuGPeVmyozDZhE53GKVBGul6O5_RNG1mpuCS-Gyc8gYWk-D619zW6LDGl36jlhbNKMeRM868eTR59Gjce73HEiNEh5Kudzy7Uuw1DzEnjQLPjOR8OZEI=s0-d)
No comments:
Post a Comment