Central Banks Have Gone Rogue, Putting Us All at Risk

central banksEllen Brown – Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.

Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves. An estimated 30 to 40 central banks are invested in the stock market, either directly or through their investment vehicles (sovereign wealth funds). According to David Haggith on Zero Hedge:

Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working . . . . At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market. Continue reading “Central Banks Have Gone Rogue, Putting Us All at Risk”

Dollar Dominant & Dangerous – System Not Stable [Video]

fittsGreg Hunter – Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.”

Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important.

At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what.

Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”

Continue reading “Dollar Dominant & Dangerous – System Not Stable [Video]”

Inflation Has Run Amok [Video]

Danielle DiMartino BoothGreg Hunter – Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, “I think he’s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he’s going to raise rates regardless of what is happening in politics. . . . You don’t kowtow to political pressure when you need to do right by the economy. . . .

Powell thinks the inflation numbers are under-reported. He’s listening to companies saying their profit margins are being squeezed . . . non-labor costs are outpacing labor costs by the greatest extent in three years, and what that tells you is inflation has run amok. . . .

I think the Fed is going to continue to raise rates. . . . I think the markets have priced in the (September) rate hike by 90%. We may be looking forward to Jay Powell backing off come December. So, I am not really worried right now about a skyrocketing dollar.”

Continue reading “Inflation Has Run Amok [Video]”

Inflation is a Policy Decision

Inflation results from policies implemented by governments, commercial banks and central banks.

A Few Consequences

currencyGary Christenson – More currency placed into circulation devalues all currency units. We can thank fractional reserve banking, deficit spending and QE.

1- Stock markets rise as each currency unit buys less.

2- Commodities rise in price.

3- Incomes, taxes, debt and government expenditures rise.

4- Politicians spend more currency units as they reward friends and buy votes.

5- The wealthy become richer and the poor and middle class suffer as prices rise while wages stagnate. More stagflation is coming in 2018 – 2020.

6- Inflation discourages savings and encourages spending and debt creation.

Examine official national debt and M3 currency in circulation at ten year intervals on a log scale for a big-picture perspective. Continue reading “Inflation is a Policy Decision”

$174,000 per Ounce Gold Not Funny–Scary [Video]

Holter Greg Hunter – Renowned gold and financial expert Jim Sinclair and financial writer Bill Holter are sounding the alarm now on global financial markets starting to burn down and implode. Sinclair and Holter are business partners at the popular financial website JSMineset.com. Sinclair explains, “‘When’ is the question we are asked constantly by our viewers and readers. . . .

‘When’ is a period of time all of this comes to fruition, meaning the date. . . .‘When’ is now. . . . This is the beginning of something few expect.

This has very little to no precedent in history. . . . The system has been unwinding for a significant amount of time, but now is a point in time it is being recognized, especially by those enormous centers of wealth that have robbed so much from so many who are long fiat currency and must convert into something that is real. . . .

If you are bankrupt, the way to fix it is to face it–and we are. We have not faced it, but rather made it worse. . . . The price of gold has to equal the liabilities. . . . If we don’t have gold, then it is whatever the price China and Russia wish it to be. If we do have gold, the mathematics work out to be slightly under $20,000 an ounce. I don’t believe we have the gold.”

Continue reading “$174,000 per Ounce Gold Not Funny–Scary [Video]”