|
|||||
|
Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue…Dunno whether to laugh or cry – I am still getting over the shock and have watched 4 times – LISTEN carefully to what she says – THEY HAVE NO JURISTRICTION to investigate the fed!!! Only their programs?? OK the world has been fooled long enough ENOUGH ENOUGH!!! Get the [...] by Phoenix Capital Research
The markets are rallying today because Bernanke and the Fed meeton Wednesday and will announce their new policies (if any). Someone might want to explain to them that the Nikkei just collapsed in spite of Central Bank policy. The bank of Japan announced it would buy $1.4 trillion worth of assets (roughly 25% of Japan’s GDP) in early April. The Nikkei has already wiped out almost all of the gains since that time. Still, [...] GARBAGE IS SEXY: It’s A $1 Trillion Market That Finnish Startup Enevo Wants To Disrupt A Finnish startup called Enevo wants to optimize waste management and collection by determining when waste containers in public areas need to be emptied. Enevo focuses on trash collection in public areas because that’s where the most waste is generated, Enevo co-founder Fredrik Kekalainen says. It’s also a $1 trillion industry. http://www.businessinsider.com/finnish-startup-enevo-2013-6#ixzz2WUK5xNhg Enevo Grabs € 2 Million From Lifeline [...] IRS Hiring ‘Diversity and Inclusion Specialist,’ Starting at $123,758/Year The IRS is looking to hire a “diversity and inclusion” specialist, with a minimum salary of $123,758 a year. The opening for a full-time “Supervisory Diversity and Inclusion Specialist” at the agency’s national headquarters in Washington, D.C. was announced on June 11 and is open until June 24. http://cnsnews.com/news/article/irs-hiring-diversity-and-inclusion-specialist-starting-123758year Congress Has A Duty To Delay IRS Funding To Block ObamaCare’s Implementation The authority granted to the [...] U.S. Is Going To Be ‘A Lot Worse’ Than Greece Dark days are ahead for U.S. investors. That’s according to a well-respected author and investor, making a recent appearance on Yahoo Finance’s “Breakout.” Peter Schiff, the CEO of Euro Pacific Capital, says that the during President Obama’s second term, the country will face both a currency crisis and a sovereign debt crisis. “It’s going to be the same thing that is happening in [...] Normally I’m the first one that points out to everyone that tptb can kick the can down the road a LONG time before the end game comes. However, even I think we are running out of road. by Phoenix Capital Research
The Wall Street Journal ran an interesting article yesterday. It was about the ECB’s Outright Monetary Transactions or OMT program… the “unlimited” bond buying program the ECB announced last September and which supposedly “ended” the EU Crisis. Here’s the key section from the article: The positive effects of the Outright Monetary Transactions, or OMT, program are “already visible,” Joerg Asmussen, a member of the ECB’s governing board, said in testimony before Germany’s [...] by Phoenix Capital Research
Few analysts know or admit it, but the only thing that held Europe (and ultimately the financial system) together since May 2012 was the promise of unlimited bond purchases from the ECB.
The reason this worked was because traders poured into European bonds in an effort to front run the coming ECB purchases (much as they have done with Treasuries during every new QE plan in the US).
This in [...] Consider that gold fell… 29.5% in the autumn of 2008 Today, gold has fallen as much as 28.5% from its 2011 high (based on London PM fix prices). Yet none of these corrections signaled it was time to sell. The fundamental case for gold is growing, not lessening. In spite of the downtrend in the price, the conditions that support owning gold are increasing in [...] from Zero Hedge: One look at Americans’ driving habits represented by total vehicle miles travelled through the start of the Second Great Depression shows a simple chart: an uninterrupted diagonal line from the lower left to the upper right, which makes sense – a growing economy means more commuting, means more driving, means more demand to get from point A to point B, means more miles driven, and so on. Then something happened. As [...] by Charles Hugh-Smith It is immeasurably easier to digitally create claims on real-world assets than it is to create real-world assets. We all understand that the cost of everything that can be created digitally is near-zero.This is why music, videos, text-based knowledge and telephone calls (Skype) are now basically free. Since money is now created digitally, it too is basically free. We can see how easy it is to digitally create trillions of dollars [...] by Phoenix Capital Research
Anyone looking for clues as to what’s coming our way in the markets need only look to Japan where the QE forever policy has finally hit the wall.
Prior to the Prime Minister elections in September 2012, the Bank of Japan had already launched EIGHT QE efforts equal to over 20% of Japan’s GDP.
Throughout this period of money printing, Japan’s rate of GDP growth fell while its unemployment rate barely [...] by Michael What in the world is China up to? Why are the Chinese hoarding so much gold? Does China plan to back the yuan with gold and turn it into a global reserve currency? Could it be possible that China actually intends for the yuan to eventually replace the U.S. dollar asthe primary reserve currency of the planet? Most people in the western world assume that China just wants a “seat [...] Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS’s assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-20000-family ‘Obamacare’ to cost $20,000 a Family? So far, no [...] The wealthiest 1 percent now control 39 percent of the world’s wealth, and their share is likely to grow in the coming years, according to a new report. The world’s total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group’s Global Wealth report. The top 1 percent control $52.8 trillion, and those worth $5 million or more control nearly a quarter of the world’s [...] By Michael According to a study that was just released by Boston Consulting Group, the wealthiest one percent now own39 percent of all the wealth in the world. Meanwhile, the bottom 50 percent only own1 percent of all the wealth in the world combined. The global financial system has been designed to funnel wealth to the very top, and the gap between the wealthy and the poor continues to expand at a frightening pace. [...] American households have rebuilt less than half of the wealth lost during the recession, leaving them without the spending power to fuel a robust economic recovery, according to a new analysis from the Federal Reserve. From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only been [...] From Casey Research: At the latest G-20 meeting, central bankers, finance ministers, and an assortment of other central planners touted what they hoped would be a new “global standard” of the automatic sharing of financial information. The U.S. has taken the lead with the odious FATCA law, and the EU has followed suit with its own version. Through FATCA and other measures, both governments are aggressively seeking new ways to undermine financial [...] by Michael Government dependence in the United States has reached a level never seen before. 50 years ago, the federal government handed out about 10 cents for every dollar that American workers earned. Now, the federal government hands out about 35 cents for every dollar that American workers earn. Yes, there are always poor people that cannot take care of themselves. We never want to see a single American going [...] Federal regulators have softened a new regulation intended to make the derivatives market—which helped cause the financial crisis—more competitive among banks. A derivative is a contract whose value is based on other underlying assets, such as stocks, bonds, commodities, currencies, interest rates and market indexes.
Currently, just five banks control 90% of all derivatives contracts: JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley and Goldman Sachs. The Commodity Futures Trading Commission (CFTC) had [...] On May 23rd, sections of the I-5 bridge that crosses over the Skagit river collapsed, sending two cars plummeting into the frigid waters below. It is just the latest failure of American infrastructure at a time when annual spending on construction is at the lowest rate since 1993. What’s more, the American Society for Civil Engineers has given the U.S. a D+ in overall infrastructure. They estimate it will take [...] by Michael If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about [...] Deutsche Bank. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone… they’re going to go belly up. Watch it. Watch it, I said it, it’s going to happen. They are in such a danger zone, they don’t know what to do. Deutsche Bank’s derivative debt is greater than the global economy. That is one bank. $72 trillion in derivative exposure. The entire global economy, [...] by Phoenix Capital Research
Japan’s Nikkei, after rallying over 70% since November, just collapsed 11% in less than two days. Looking at the chart, it’s pretty clear where this thing is heading: the same as the NASDAQ in 2000. This is the problem with economic policy that focuses on pushing stocks higher: eventually the collapsing economy comes home to roost and stocks implode. We saw this in 2000 and 2008. We’re currently [...] from Zero Hedge: What may come as a surprise to most, is that as of this week’s H.4.1 update, the amount of ten-year equivalents held by the Fedincreased to $1.583 trillion from $1.576 trillion in the prior week, which reduces the amount available to the private sector to $3.637 trillion from $3.668 trillion in the prior week. And also, thanks to maturities, and purchase by the Fed from the secondary market, there [...] by Phoenix Capital Research
Japan’s bond market is officially losing control.
We have definitely taken out the multi-year trendline here, making a new high higher after a higher low. This is BAD news as it indicates that Japan’s bond market could be entering a cyclical downturn.
If this happens then the great global bond market rig of the last five years is coming to an end. Most analysts have been ignoring bonds because stocks [...] By Michael What is going to happen when the greatest economic bubble in the history of the world pops? Themainstream media never talks about that. They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay. Sadly, that is not the case at all. [...] by Phoenix Capital Research Two big events have occurred/ are occurring.
Charles Evans who is one of the biggest pushers for QE, stated that the Fed has “the appropriate monetary policy in place” and that the economy is “improving quite a lot.”
Regarding #1, Evans has been one of the biggest pushers for more QE. Throughout 2011 and 2012, every time he appeared on [...] |
Custom Search
    |
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
|||||
