Jim Rickerts View.
Stock market returns are high because of buy-backs. The shares are retired, the company does not have to pay out dividends and the yield goes up.
We are in a liquidity trap. No-one is embracing stocks, they are choosing to save.
Gold is not down. The dollar is up.
And more in this Keyser report with guest Jim Rickerts.
A liquidity trap is a situation described in Keynesian economics in which injections of cash into [...]
March 19, 2013
This use of the term “haircut” to describe government theft of private banking accounts has got to stop. It’s not a haircut, it’s outright thievery. When a person breaks into your home with a gun and steals your jewelry or cash, do we call that a “haircut?” Of course not. It’s a criminal act, not a trip to the salon.
I’m referring to the government bank raids in [...]
Ever find yourself harking back to ‘the old days’ when you got change from a pound for a loaf of bread, a pint cost pennies not pounds and buying property was relatively affordable?
Well chances you’re not just remembering through rose-tinted glasses – everything was much cheaper, new research reveals.
A study by Lloyds TSB Private Banking has shown how the value of money has fallen by 67 per cent over the past [...]
By Ellen Brown
February 15, 2013
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the [...]
By Ellen Brown, globalresearch.ca:
In the 2012 edition of Occupy Money released this month, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our gross domestic product.
That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, [...]
• Study estimates staggering size of offshore economy
• Private banks help wealthiest to move cash into havens
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.
James Henry, former chief economist at consultancy McKinsey and an expert [...]
As Italian and Spanish sovereign borrowing costs shoot higher, corporate credit default swaps (CDS) have remained remarkably high.
CDS is essentially insurance on a security that pays in the event of a default.
Business Insider analyzed CDS prices on more than 100 publicly traded banks across the U.S., Europe, Middle East, Asia-Pacific, and Latin America.
What we found: for at least 14 banks, the cost to insure debt remains above 500 basis points.
It should [...]
This story refers to private banking abroad but let me tell you, it directly affects all
banking – not just that for the wealthy as you income redistribution imbeciles
think is so patriotic. I have lived and operated a business outside of the US
for nine years.
I employ Americans who work at posts in dozens of countries. In order to pay their
salaries, their expenses, social costs and taxes, I must have local bank
Uploaded by CapitalAccount on Feb 13, 2012
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You have probably seen the images by now. Athens on fire, the city literally burning as politicians within parliament voted to pass tough austerity measures to meet the demands of the EU and IMF, Greece’s international lenders. This story is about more than just austerity and riots – it’s wealth-extraction amidst economic collapse at work. The Greek economy is in the 5th year of [...]
NZ Asset Sales Policy Began On Wall Street
NZ Asset Sales Policy Began On Wall Street
By Lewis Verduyn
The Key government’s asset sales agenda is derived from the Washington Consensus – a set of Wall Street-driven policies that were pronounced dead after the global financial meltdown in 2008. The New Zealand government, however, remains loyal to this failed ideology.
Why? The obvious link is Prime Minister John Key – a former investment banker for [...]
Web of Debt
Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them “bold and bankrupt adventurers just pretending to have money.” Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service [...]
by Phoenix Capital Research
During Round 1 of the Great Crisis, the US tried to combat the collapse of the private banking sector (especially the TBTFs) by shifting debt onto the public’s balance sheet and printing money to buy Treasuries so we could maintain a massive deficit (north of $1 trillion).
Put another way, the powers that be attempted to solve a MASSIVE debt implosion by issuing more debt. Aside from the [...]
October 25, 2011
Revealing interview with author Stephen Lendman, discussing the fleecing of America by Wall Street and the associated private banking cartel, with the theft reaching some $25 trillion. Also discussed is the money interests have hijacked and controlled Occupy and the Arab Spring movements.
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks (read as Federal Reserve private banking cartel) to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. [...]
1. Extensive criminal fraud was key reason for 2008 CRISIS and Near Depression. Video: “Why isn’t Wall street in Jail” with Matt Taibbi or read Matt Taibbi interview .
The fraudulent behavior of many bank Executives, from Wall Street, London City, and other financial centers, indicates pronounced chronic stress and a deep psychopathological affliction making such people` unsuitable and outright dangerous leaders. They are characterized by utter selfishness, greed, ruthlessness and [...]
London, 15 September 2011 — Moody’s Investors Service has today placed the C/A3 standalone financial strength rating and Aa3 long-term debt and deposit ratings of UBS AG on review for possible downgrade. The short-term Prime-1 ratings of UBS AG has been affirmed. As part of the action UBS Deutschland’s long-term rating of A2 as well as its Prime-1 rating was also put on review [...]
U.S. stocks jumped the most in more than two years, rebounding from the worst drop since 2008, and 10-year Treasury yields touched a record low as the Federal Reserve vowed to keep interest rates near zero through mid-2013. The dollar weakened and the Swiss franc rose the most since at least 1971.
The Standard & Poor’s 500 Index jumped 4.7 percent to 1,172.53 at 4 p.m. in New York, its biggest [...]
Jim Grant is talking his book and when he says what’s not to like, I’ll tell him what’s not to like: destruction of the economy is not to like. Bernanke is heading into inflation at 10% with unemployment and housing and construction busts, and the Grants of this world think politicians are going to be fine with that? They’re not. Grant is off the reservation.
This is part 2 of our “Global Dollar Dump” article series.
In part we noted how China has already begun moving away from the US as a major trading partner. This move has set in motion a series of events that will result in the US Dollar losing its status as reserve currency of the world.
Indeed, we are now seeing various other nations preparing for the end [...]
Miami, Fl April 4 –Noted economist and candidate for Miami-Dade County
mayor, Farid Khavari said in an interview that it would take, in the best
case scenario, only two years, and in worst case scenario, four years to
get rid of all the property taxes in Miami-Dade County. However, the
condition for such resolve would be to create a publicly-owned county
Dr. Khavari said further, “With the commercial banking system giving
practically no loans and mortgages [...]
Noted economist and candidate for Miami-Dade County mayor, Farid Khavari said in an interview that it would take, in best case scenario, only two years, and in worst case scenario four years to get rid of all the property taxes in Miami-Dade County . However, the condition for such resolve would be to create a publicly-owned county bank.
Dr. Khavari said further: “With the commercial banking [...]
Americans need to understand what is the source of the money that funds the government and where it goes. Contrary to the sound bites issued by the two mainstream political parties, the reality of how the system actually works will not only open your eyes, but hopefully stimulate the American people to demand that the thievery underway come to an end.
What we have is a central bank issuing [...]
As everyone from Paul Krugman to Simon Johnson has noted, the banks are so big and politically powerful that they have bought the politicians and captured the regulators (and see this)
But it’s not just a question of regulatory capture and corruption. It’s actually a loss of sovereignty.
As Damon Vrabel wrote in July:
It seems ridiculous to point this out, but sovereign debt implies sovereignty. Right? [...]
Ireland’s government was not in trouble. It did not have the overspending and long-term-debt problems that Greece did. Ireland’s fiscal balance was fine except for the need to take control of the failed private banks. So the IMF has taken on a new role, as a guarantor of private banking and private-sector stability, that is far removed from the visions of 1944.
Our best hope is [...]
“Federal Reserve chief Ben Bernanke says Chinaâ€™s policy of undervaluing the yuan has thrown a monkey wrench into the global economic recovery.”
Did he blame the housing boom on China too? How about when he predicted housing prices would stabilize at a high plateau, just before they went off the cliff? Was that China’s fault also?
Or when he completely failed to regulate the banking industry, allowing [...]
Money only appears on a bank’s ledger when a borrower shows up at the bank’s door. Because of the low reserve requirements (10,000:1 with the new Capital Account Accord), approximating zero in some cases, and the way the banking system is set up, money now magically appears in the credit side of the bank’s ledger and becomes available for lending.
If the borrower hadn’t shown up, the bank could not [...]
Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman Sachs and the Rockefeller families of New York. Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per [...]
Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman Sachs and the Rockefeller families of New York. Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year [...]
# 1- the “fed” is NOT FEDERAL
#2 – the “fed” is not a part of any federal,state or local government in these United States,
not in any way,shape,form,or capacity period..
#3 -the mastermind banksters that hatched the plan to seize control of our money system,by privatizing the creation of money/currency,
at Jekyll Island in 1911,
decided to call themselves[the "federal"in federal reserve] “federal” to fool the sheeple into believing that this PRIVATE BANKING CONGLOMERATE/ [...]