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Post by Duc N Altum on Aug 26, 2016 14:29:04 GMT -5
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Post by Duc N Altum on Aug 30, 2016 1:21:17 GMT -5
dailyreckoning.com/central-banks-hit-panic-button/Central Banks Hit the Panic ButtonAugust 29, 2016 Central Banks Hit the Panic Button
Buried in the hyperventilating about Janet Yellen’s “will she or won’t she” speech last Friday was a far more important development…
It happened at the same Federal Reserve conference Yellen spoke at in Jackson Hole, Wyoming. But it received almost zero attention.
And the monetary criminals pulling levers at global central banks want to keep it that way.
You see, the conference was titled “Designing Resilient Monetary Policy Frameworks for the Future”…
But the influential central bankers in attendance veered from that script to issue a desperate plea for help that few in the mainstream media picked up on… The World Is FlatliningLook, there’s no other way to cut it: Central banks are screwed. They’re out of bullets. They know it. And they also know the rest of the world will catch on soon enough…
They’ve cut interest rates 667 times since Lehman Brothers collapsed in 2008.
They’ve also purchased $25 trillion of financial assets. That’s larger than the gross national product of the U.S. and Japan, the first and third largest economies in the world, respectively.
And through their sadistic negative interest-rate schemes, there’s now $8 trillion of negative-yielding sovereign debt. That’s 54% of all sovereign debt. And $13 trillion in negative yielding global bonds. That’s 28% of all bonds.
The markets have been flooded with historic torrents of liquidity to supposedly spur economic growth. But none of these experiments have prevented the world’s developed economies from flatlining…
Look at the numbers: U.S. GDP in June was just revised down to an anemic 1.1%. That’s down from 1.6% the previous quarter.
The eurozone economy expanded just 0.3% last quarter, down from 0.6% the previous quarter.
And Japan showed no growth in June, down from 0.5% the previous quarter.
The developed economies are failing.
And even China’s world-beating economy is now sucking fumes.
Chinese economic growth fell below 7% in 2015. That’s the first time below that mark since the Great Recession in 2009.
So what can central bankers do to “stimulate” the global economy into more bubbles now that it’s tapped out?
The answer is nothing. And that has elites in a state of panicky fear… Mayday!
Don’t get me wrong, Yellen and her accomplices will still try work new “schemes” in…
Now that NIRP is destroying European banks and creating mass cash hoarders in Japan, central bankers will go for “helicopter money” next.
But if printing Monopoly money for the proletariat was the solution to troubled economies, insiders would have tried it years ago.
Central bankers know this. They’re simply trying to extend the credit bubble as long as they can so it doesn’t burst on their watch. They are politicians after all. They only care about naked power.
And now that they know their “stimulative” monetary measures could deliver the mother of all Black Swans at any moment, they’re asking governments around the world for massive fiscal help to continue their redistributionist policies.
At Jackson Hole, Yellen, Bank of Japan governor Haruhiko Kuroda and European Central Bank board member Benoit Coeure pleaded for “bold” fiscal stimulus from developed countries to help produce the growth they couldn’t.
Good luck with that. Where is this stimulus money going to come from? Government debt issuance?
The U.S. is $19 trillion in the hole. The eurozone is drowning in debt… and has been since 2009. And Japan’s debt is now an obscene 250% of GDP.
Maybe they’ll opt for growth-killing tax hikes to pay for the same “shovel ready” infrastructure make-work projects that failed miserably for Obama? That won’t fly.
Will they propose massive entitlements cuts that would get every congressman thrown out of office? Not. Gonna. Happen.
So what then? There is no answer.
Monetary policymakers have no solutions to spur growth. That’s out in the open now. That’s why they are now “off script” and begging for a fiscal rescue.
And global governments have no fix either. The structural changes that might spur growth, like lowering personal and corporate taxes and reducing inane regulations, are not any leader’s agenda.
But perhaps the biggest issue to hinder growth is the complete and utter lack of personal responsibility we see on a global scale…
The masses have been so convinced that someone will always be there to save them that entrepreneurial thinking, the real source of growth, is near extinction for most.
So, ladies and gentlemen, we are in the real life Matrix—billions of people hooked to feeding tubes waiting for someone to turn the lights out at night.
And all this is happening while the major economies that drive global growth get weaker each day.
Michael Covel
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Post by Duc N Altum on Aug 30, 2016 1:23:59 GMT -5
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Post by Duc N Altum on Aug 30, 2016 23:12:39 GMT -5
Michael Lewitt: "We're In The Late Stages of Ponzi FinanceAug 30, 2016 “They’ve tried to solve the debt crisis by printing trillions of dollars of more debt, and somehow they expect the economy to grow under the weight of those burdens. We’re just borrowing new money to pay back old money. I would say that we’re in the late stages of Ponzi finance.”www.zerohedge.com/news/2016-08-30/michael-lewitt-were-late-stages-ponzi-finance
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Post by Duc N Altum on Aug 30, 2016 23:30:38 GMT -5
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Post by Duc N Altum on Aug 30, 2016 23:39:42 GMT -5
RIGHT NOW! We Exist In The Largest Housing Bubble EVER. By Gregory Mannarino
Published on Aug 30, 2016
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Post by Duc N Altum on Aug 30, 2016 23:45:56 GMT -5
The Endgame Scenario, Fiat Crash - David Morgan
August 30th, 2016
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Post by Duc N Altum on Aug 30, 2016 23:59:11 GMT -5
The Propaganda For The Perfect Storm,This Fall, Is Now Being Pushed
Published on Aug 29, 2016
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Post by Duc N Altum on Aug 31, 2016 8:02:33 GMT -5
In Historic Event, China Sells First World Bank SDR-Denominated Bonds In DecadesAug 31, 2016 In one of the most closely followed bond issues in recent history, overnight the IBRD, one of the five member-institutions of the World Bank Group, sold 500 million SDR-denominated three-year bonds carrying a coupon of 0.49% at an auction in China's interbank market on Wednesday. This was the first SDR denominated offering in three decades, with the issuance symbolically taking place in Shanghai one month before the official inclusion of China's currency in the SDR basket.www.zerohedge.com/news/2016-08-31/historic-event-china-sells-first-sdr-denominated-bonds-decades
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Post by Duc N Altum on Aug 31, 2016 21:07:00 GMT -5
www.silverdoctors.com/headlines/finance-news/megabanks-exiting-prepare-for-economic-nuclear-wintersell-everything/MegaBanks Exiting: “Prepare For Economic Nuclear Winter…Sell Everything”Posted on August 31, 2016 Banks Exiting: “Prepare For Economic Nuclear Winter…Sell Everything” "Sell everything… This is about return of capital, not return on capital.”
“Financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.”
by Matt Agorist, The Free Thought Project via SHTFPlan: Editor’s Comment: It is as if a terrific catastrophe has been prepared to reset the power structure, only the biggest players in the game have already repositioned their assets and will be largely shielded from the direct effects of what is coming.
This is very much a house of cards scenario, and anyone who has been foolish enough to put major portions in the traditional stock market is likely in for a devastating fall. The system is combining the dual aspects of illusory and usury to hold monopoly, and redirect wealth to the top. The algorithms are programmed to starve the masses out of their homes, and jobs and any claim to financial stability. Pay close attention to how they are reacting, and how they want you (and everyone else) to react to their decisions. Major Bank Official: Banks Are “Preparing for an Economic Nuclear Winter”
by Matt Agorist After years of giveaways to megabanks, marketed to the taxpayers as ‘quantitative easing,’ the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse.
In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free-fall.The consequences will not be minor. Surprises will be many, since we are in uncertain waters and the world has never faced the gross misallocation of capital that exists today. The process is self-limiting. It will come to an end, and it’s not going to be far into the future.
Now, as chaos in the EU and weak corporate earnings create a tornado of uncertainty, banks are preparing for the worst.
According to CNBC quoting a major lender, banks are “preparing for an economic nuclear winter situation.”
The chaos in the market has major bank officials running for the hills. According to CNBC, European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24. On Sunday, a source, speaking on the condition of anonymity, due to the fact that revealing this information can get bankers killed, a source from a major investment bank told CNBC “that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.” “This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now,”the source said.
This grim warning comes after the Royal Bank of Scotland has warned its investors of a “cataclysmic year.” In an eerily ominous note to its clients early this year, the megabank predicted another worse case scenario.
Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.
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Post by Duc N Altum on Sept 1, 2016 17:23:13 GMT -5
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Post by Duc N Altum on Sept 1, 2016 17:33:09 GMT -5
Deutsche Boerse Responds To Deutsche Bank’s Failure To Deliver Physical Gold Posted on September 1, 2016The troubling response, however, has resulted in even more doubt if the gold is, in fact, there. As we reported yesterday, what made this particular “failure to deliver” notable is that the original client had asked for delivery via a Deutsche Bank branch, the same bank as the ETC’s sponsor, which is why, as we noted before, this appears to have been a problem involving not Xetra-Gold, as much as Deutsche Bank itself… www.silverdoctors.com/gold/gold-news/deutsche-bank-gold-delivery-failure/#more-71940-------------- Deutsche Boerse Responds To Deutsche Bank's Failure To Deliver Physical GoldSep 1, 2016 The troubling response, however, has resulted in even more doubt if the gold is, in fact, there. www.zerohedge.com/news/2016-09-01/xetra-golds-responds-deutsche-banks-failure-deliver-physical-gold
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Post by Duc N Altum on Sept 1, 2016 17:57:48 GMT -5
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Post by Duc N Altum on Sept 1, 2016 18:02:35 GMT -5
Stunning Chart Shows That Central Bank Liquidity Is Now Driving All Asset PricesSep 1, 2016 If there is a reason why traders walk into their office every day in a state of zombified daze, no longer able to trade various asset classes based on fundamental data or incremental news flow, there is a simple reason for that: global central bank liquidity injections have never been greater, and as of this moment, have surpassed all previous post-financial crisis central bank intervention.www.zerohedge.com/news/2016-09-01/stunning-chart-shows-central-bank-liquity-now-driving-all-asset-prices
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Post by Duc N Altum on Sept 1, 2016 18:13:33 GMT -5
"All Eyes On Central Banks" In September, But "No Reason To Smile"Sep 1, 2016 September will be quite a busy month for investors since there are around 30 major central banks meetings scheduled. Since the Bank of England’s last policy announcement, the total monthly amount in global official quantitative easing has reached almost $200 billion, which corresponds, for the purpose of comparison, to Portugal’s annual GDP in 2015. Long-rumoured and oft-discussed, QE infinity is now a reality.www.zerohedge.com/news/2016-08-31/all-eyes-central-banks-september-no-reason-smile
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