Catastrophic Borrowing Kills Global Financial System [Video]

Catastrophic Borrowing Kills Global Financial SystemGreg Hunter – Analyst and financial writer John Rubino says this time, the so-called debt ceiling fight could end in a systemic failure.  Rubino points out, “In a well-run society, the debt limit would be zero.  Governments should not borrow money in the first place.

The amount of money we are borrowing is catastrophic.  Historians are going to look back at this era, and they are just going to wonder why we allowed it to happen and what were we thinking. Continue reading

All Hail Our New Lord and Master, the Stock Market

marketCharles Hugh Smith – The all-powerful Federal Reserve is a mere minion of the stock market, a kitten absurdly claiming in public to be a tiger. If the market threatens to drop, the Fed quickly prostrates itself and does the bidding of its Lord and Master: “No rate hikes, minions!”

By cowering in terror of a stock market tantrum, the Fed has surrendered everything: its vaunted (and completely phony) independence; its duty (yes, go ahead and laugh) to the nation and the real economy–everything. Continue reading

The Entire Global Economy Now Hinges on One Thing

yellen James Corbett – As I write these words we are now only hours away from The Most Important Event Ever to Happen in the History of the Global Economy. Investors are bracing themselves. Markets are anticipating. Journalists are spilling Olympic sized swimming pools of ink on writing headline after headline after headline after headline after headline after headline about this, the deciding economic event of our time.

No, the great event is not the announcement of the discovery of free energy. Or a major new technological breakthrough that will revolutionize industry and increase productivity. Or even an innovative new theory for how to pull us from the brink of the global derivative black hole collapse. It’s something entirely more ordinary: words.

That’s right, with just a few magic words uttered at today’s meeting of the Economic Club of New York, Fed chair Janet Yellen will cause entire markets to rise or fall. A single declarative sentence could strike down a small country. An effusive adjective could cause an entire industry to boom, a disparaging remark could cause that same industry to collapse. A rising intonation, an arched eyebrow, a significant pause, even a semi-colon could be the difference between rags and riches for millions of workers around the world.

Sound ridiculous? It is. Yet nevertheless this is the situation we’ve arrived at.

As I’ve noted before time and time again in this column, we have entered the “New Normal” where fundamentals do not matter at all, only perception. Do you believe the Fed has solved the market meltdown of ’08? Then they have solved it. Do you believe the skyrocketing debt and geyser of excess liquidity created in the last decade are not a problem? Then they are not a problem. Do you think Janet Yellen can speak rising stocks or a falling dollar into existence? Then she can.

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Weekly News Wrap – March 18 2016

usa Greg Hunter – The mainstream media (MSM) is at it again, this time trying to trash Trump on a big primary day.  It didn’t work because trump won just about every contest.  The MSM also tried to bolster Hillary Clinton.  USA Today was particularly blatantly unfair and biased.  This is nothing more than telling people how to vote and the USA Today trying to thought shape and distort the election process for its political criminal cronies. When this happens, it is not journalism, and USA Today ceases being a bona fide news organization. You have to be fair and objective to call yourself a news organization, and the front page of the USA Today on the second so called “Super Tuesday” of the 2016 election cycle was anything but fair and objective. It is outrageous that anyone calling themselves a journalist would do this, and that means top management of USA Today, in my view, is either stupid or corrupt. I do not think they are stupid.

Russia is pulling some troops out of Syria. Many are hopeful this will signal an end to hostilities. Many are also thinking this will put pressure on the Assad regime to cut a peace deal. The Free Syrian Army, Al Qaeda, ISIS and the U.S., on the other side of the conflict, are dreaming if they think Russia is going to turn over Syria to ISIS and lose its new air base or give up its strategic port in Tartus. The Russians turned the tide of war in Syria with a surge in military power just like the U.S. did in Afghanistan. This is simply a cost cutting measure, and Russia says, if need be, it can send back troops quickly.

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Global Economic Free Fall — Andy Hoffman [Video]

hoffmanSGT Report – Andy Hoffman from Miles Franklin is back to document the current state of the collapse of the global economy – and the situation is only getting worse by the day. From Caterpillar to Glencore Mining, the future is as clear as it is bleak. And most American still have absolutely NO IDEA what’s in store for them as the FED dominoes of fraud begin falling. TRILLIONS have been printed with no “trickle down” in sight. Meanwhile, there is plenty of paper silver and gold, and precious little PHYSICAL – even as the 1980 inflation adjusted all-time high for silver passes $600 per ounce. The sheeple sleep snug in their beds certain that today’s debt based paradigm will continue forever. They are in for a rude awakening.

[youtube=https://youtu.be/eFw0CMNibCs]

SF Source SGT Report

Excerpt – This Dollar Ponzi Scheme Will Collapse

Andy Hoffman: As I wrote in last year’s “The Final Currency War,” the politically motivated “race to debase” has expanded to epic proportions since the Fed, ECB, BOJ, BOE and SNB accelerated their respective printing presses in 2011-12. Consequently, currencies the world round have experienced dramatic declines – on average, more than 20% in the past three years – yielding dramatic inflation increases. Ironically, the greatest money printer of them all – and chief architect of the aforementioned worldwide currency volatility – has been “strengthened” as a result, but only in the foreign currency markets. In what really matters, however – its purchasing power against real items of value – it has declined significantly. This is why the covert suppression of gold and silver prices is so important to TPTB; without it, these traditional “barometers” of inflation would be giving dangerous, politically damaging signals. Continue reading