Just shows how retarded "respected economists" are. Bernanke and Keynes, "great minds" on the depression... haha
Tuesday, November 22, 2011
Paper Con Game, Print, SDR, Revalue
By Quietlike
Paper Con Game
MF Global could is the beginning of loss of confidence in the paper system. Sort of like online poker and Full Tilt, as in your money isn't secured, and depositors get screwed -but many still want to play online poker. However, I think the online poker industry is more reputable compared the financial sector's fraud.
There's a lot of people's saying we're heading toward collapse in both alternative and mainstream media, but could this be the tipping point? It's all a paper con game, and this could be a test of that confidence. How much confidence do you have in a bank when they "lose" depositor's money, and no one goes to jail. Or in an exchange that doesn't guarantee the transactions it facilitates? A run on the banks by investors at the same time as the EU implodes seems unlikely -they can still print and bail everyone out, and "save the world economy."
China's talking downgrading US debt. Gridlock in the super congress is awfully reminiscent of the first downgrade by S&P. The other two ratings agencies haven't done so yet, will they now? The USD has been rising vs the EU due to its debt problems, will this swing that pendulum back to the EU in the currency war?
Print
So.. QE3 from the Fed and QE1 for the ECB (Or ECB loans to IMF, who leverages it to the EU countries) to offset each other's currencies? This could kick the can down until 2013, election year and all the new regs and healthcare begins then. How do they pull it off with OWS going on? They passed TARP w/o peoples' approval, and can do it again. Maybe use war, or some sort of terrorism scare to sway the election, cover the paper game up, and shut down protesters -then collapse the system (and/or begin war) in 2013.
SDR
The alternative to QE is SDRs (which isnt much of an alternative) because what would the rest of the world do if the West just printed a shit ton of currency? If both the Fed and ECB are printing, what would you rather have -FRNs or Euros?
Just a thought.. in a hyperinflationary scenario, it could be done electronically on cards. Food stamps already are. It'd be a good way to introduce a new cashless currency -no wheelbarrows of worthless paper.
Revalue
Celente has been calling a bank holiday for a revaluation of currencies for some time, maybe after Black Friday and Christmas? Gold and silver may tank with everything else, but during a bank holiday, who will have physical cash to get it? -No online dealers, physical will be everything. Or if more MF Globals happen, say an investment bank or an exchange (COMEX), who will investors put their funds with? Even physical cash is better than a bank account, especially considering the low savings rate and inflation.
We've considered this before and its why we have physical. But are things really getting rolling and is collapse as soon as 2013?
dun dun dun...
Links
Quotes on Economic Collapse
http://theeconomiccollapseblog.com/archives/17-quotes-about-the-coming-global-financial-collapse-that-will-make-your-hair-stand-up
MF Global
http://market-ticker.org/akcs-www?post=197878
http://www.huffingtonpost.com/2011/11/19/mf-global-lawsuit-bofa-goldman-banks_n_1102779.html
Another Lehman
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/21_Turk_-_MF_Global_Disaster_to_Create_Another_Lehman_Crisis.html
Celente interview from before MF Global
http://geraldcelentechannel.blogspot.com/2011/11/gerald-celente-on-gold-devaluation.html
QE3 ready and waiting
http://www.forbes.com/sites/afontevecchia/2011/11/22/fed-minutes-bernanke-firmly-in-control-of-fomc-qe3-coming/
Paper Con Game
MF Global could is the beginning of loss of confidence in the paper system. Sort of like online poker and Full Tilt, as in your money isn't secured, and depositors get screwed -but many still want to play online poker. However, I think the online poker industry is more reputable compared the financial sector's fraud.
There's a lot of people's saying we're heading toward collapse in both alternative and mainstream media, but could this be the tipping point? It's all a paper con game, and this could be a test of that confidence. How much confidence do you have in a bank when they "lose" depositor's money, and no one goes to jail. Or in an exchange that doesn't guarantee the transactions it facilitates? A run on the banks by investors at the same time as the EU implodes seems unlikely -they can still print and bail everyone out, and "save the world economy."
China's talking downgrading US debt. Gridlock in the super congress is awfully reminiscent of the first downgrade by S&P. The other two ratings agencies haven't done so yet, will they now? The USD has been rising vs the EU due to its debt problems, will this swing that pendulum back to the EU in the currency war?
So.. QE3 from the Fed and QE1 for the ECB (Or ECB loans to IMF, who leverages it to the EU countries) to offset each other's currencies? This could kick the can down until 2013, election year and all the new regs and healthcare begins then. How do they pull it off with OWS going on? They passed TARP w/o peoples' approval, and can do it again. Maybe use war, or some sort of terrorism scare to sway the election, cover the paper game up, and shut down protesters -then collapse the system (and/or begin war) in 2013.
SDR
The alternative to QE is SDRs (which isnt much of an alternative) because what would the rest of the world do if the West just printed a shit ton of currency? If both the Fed and ECB are printing, what would you rather have -FRNs or Euros?
Just a thought.. in a hyperinflationary scenario, it could be done electronically on cards. Food stamps already are. It'd be a good way to introduce a new cashless currency -no wheelbarrows of worthless paper.
Revalue
Celente has been calling a bank holiday for a revaluation of currencies for some time, maybe after Black Friday and Christmas? Gold and silver may tank with everything else, but during a bank holiday, who will have physical cash to get it? -No online dealers, physical will be everything. Or if more MF Globals happen, say an investment bank or an exchange (COMEX), who will investors put their funds with? Even physical cash is better than a bank account, especially considering the low savings rate and inflation.
We've considered this before and its why we have physical. But are things really getting rolling and is collapse as soon as 2013?
dun dun dun...
Links
Quotes on Economic Collapse
http://theeconomiccollapseblog.com/archives/17-quotes-about-the-coming-global-financial-collapse-that-will-make-your-hair-stand-up
MF Global
http://market-ticker.org/akcs-www?post=197878
http://www.huffingtonpost.com/2011/11/19/mf-global-lawsuit-bofa-goldman-banks_n_1102779.html
Another Lehman
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/21_Turk_-_MF_Global_Disaster_to_Create_Another_Lehman_Crisis.html
Celente interview from before MF Global
http://geraldcelentechannel.blogspot.com/2011/11/gerald-celente-on-gold-devaluation.html
QE3 ready and waiting
http://www.forbes.com/sites/afontevecchia/2011/11/22/fed-minutes-bernanke-firmly-in-control-of-fomc-qe3-coming/
Tuesday, November 1, 2011
History of Banking Control in the US
From michaeljournal.org:
Full Article
(An article of Alain Pilote, first published in the Sept.-Oct., 1985 issue of the Vers Demain Journal.)
The bankers' dictatorship and their debt-money system are not limited to one country, but exist in every country in the world. They are working to keep their control tight, since one country freeing itself from this dictatorship and issuing its own interest- and debt-free currency, setting the example of what an honest system could be, would be enough to bring about the collapse of the bankers' swindling debt-money system worldwide.
Full Article
Feds help borrowers prove foreclosure errors
From Marketwatch.com:
Full Article
WASHINGTON (MarketWatch) — Those who were foreclosed upon in 2009 and 2010 will be able to request an independent review to get compensated if errors were made, federal regulators said Tuesday.
The reviews apply to 14 banks that were sanctioned by the Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision.
Full Article
Police Deploy Weaponized Drones To “Enhance Protection and Safety of Citizens”
From SHTFplan.com:
Full Article
As the government tightens its grip on everything from internet traffic to consumer purchasing habits they’ll need new technologies to maintain law and order in the new American paradigm.
The latest weapon’s system to be added to the police state quiver is the ShadowHawk Unmanned Aerial Vehicle, slated to be the eye-in-the-sky over Montgomery County, Texas, which has a population of about 500,000 people and neighbors the Greater Houston metropolitan area.
Full Article
Mortgage Crisis Goes Primetime
From Goldseek:
Full Article
A near-death experience often provides needed perspective to effectuate real change. But no matter how often the over-regulated and over-subsidized US banking sector flirts with disaster, it never seems to change its ways.
Three years have gone by since subprime mortgage exposure threw the financial system into cardiac arrest. Experienced analysts are under no illusions about the progress since then: the banks are still not eating right and they're certainly not slimming down. It seems these institutions feel trapped by their situation and are just waiting for the inevitable. This month, the PrimeX group of indices, a measure that quantifies the likelihood of default in prime residential and commercial mortgages, began flashing red.
Full Article
D-Day near for GLD
From bullionbullscanada.com:
Full Article
The SPDR Gold Trust, more commonly known by its NYSE ticker symbol “GLD”, represents a triumph of “bankster engineering” in the gold market. While it is supposedly a convenient way for small investors to hold “gold”, what it is actually is an extremely convenient tool for the banksters to dilute the investor dollars flowing into the bullion market, and thus delay the rise in the price of gold.
It can be thought of as the “twin” of the iShares Silver Trust (or “SLV”). Because of the much more complex nature of the gold market versus the silver market, it is not as easy to draw inferences on the true purpose of this banker trading vehicle in the gold market based only on the trading taking place in that market. However, unquestionably it shares much in common with its silver twin.
Full Article
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