END the FED

Economist Mag Defends Fed With an Ode to the Dead

"Today, powerful people situated strategically around the Fed are protecting that institution and its members. But times are not what they were. There is the Internet to contend with and a mood of informed populism in the US that does not bode well for a continued Fed coverup. Thus, the Fed faces an institutional conundrum. The public pressure on the Fed in the long run will surely not let up. In fact, it may subside a little as the Fed tends to this latest stock market bubble, what we have called a 'Wall Street Party.' But when the party is ending and insiders (and hopefully you, dear reader) have drunk their fill of the bubbly and retired, there will be Hell to pay." Continue reading →

Continue ReadingEconomist Mag Defends Fed With an Ode to the Dead

India Central Bank warns against Bitcoin use

"The Reserve Bank of India, on Tuesday, warned the public against the use of virtual currencies such as Bitcoin, pointing out that users expose themselves to potential financial, legal and security related risks. The public advisory comes after the borderless digital currency has begun to gain widespread acceptance in India, despite poor Internet penetration and a natural scepticism to assets not backed by tangible entities such as land. In its list of potential risks, the apex bank highlights problems such as losses arising out of hacking, no sources of customer recourse and the general financial volatility surrounding Bitcoins." Continue reading →

Continue ReadingIndia Central Bank warns against Bitcoin use

Paul Craig Roberts: Manipulations Rule The Markets

"Until a whistleblower speaks, we cannot know for certain, but my conclusion is that the Fed understands that it must protect the dollar from being driven down by QE and that the orchestrated takedowns of gold are part of protecting the dollar’s value, and perhaps also the cutback in QE is a part of the protection by signaling an end of money creation. The Fed also understands that it cannot forever drive down the gold price and that it cannot forever pour liquidity into stock and bond markets. To retreat from this policy without crashing the edifice requires successful orchestrations. Therefore, we are likely to experience more of them in the days to come." Continue reading →

Continue ReadingPaul Craig Roberts: Manipulations Rule The Markets

Even more smuggled gold enters India

"In the biggest ever catch at the Hyderabad airport, customs officials have seized 18 kilograms of gold and arrested three people. The trio had arrived from Singapore and were hiding the gold bars in their trousers and shoes. In another incident, officials of the customs department recovered gold hidden in dates from a man who landed at the Pune International Airport. Investigation revealed that the seeds of these dates had been replaced with gold beads wrapped in black packets. Gold seizures have almost doubled for the period 2013-2014. Whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers." Continue reading →

Continue ReadingEven more smuggled gold enters India

Belgian card payment network crashes two days after record usage

"Belgium’s card payment network failed on Monday night, leaving millions of Belgians unable to pay at stores or to withdraw cash from ATMs and self-service terminals inside banks. Atos subsidiary Worldline, operator of Belgium’s Bancontact-Mister Cash payment network, reported on its website that it was difficult for cardholders throughout the country to make payments or withdrawals from around 4 p.m. local time on Monday. Local media reported long lines to make cardless withdrawals at bank counters. Worldline put its business continuity plan into effect, and payment traffic began to recover from 5.15 p.m., returning to near-normal levels from 6.30 p.m., the company said in a statement." Continue reading →

Continue ReadingBelgian card payment network crashes two days after record usage

Belgian card payment network crashes two days after record usage

"Belgium’s card payment network failed on Monday night, leaving millions of Belgians unable to pay at stores or to withdraw cash from ATMs and self-service terminals inside banks. Atos subsidiary Worldline, operator of Belgium’s Bancontact-Mister Cash payment network, reported on its website that it was difficult for cardholders throughout the country to make payments or withdrawals from around 4 p.m. local time on Monday. Local media reported long lines to make cardless withdrawals at bank counters. Worldline put its business continuity plan into effect, and payment traffic began to recover from 5.15 p.m., returning to near-normal levels from 6.30 p.m., the company said in a statement." Continue reading →

Continue ReadingBelgian card payment network crashes two days after record usage

Get Ready for Confiscation

"Once it has sunk in that such a move is perfectly acceptable in Europe, the US will declare its own bail-in policy. Those who still cling to some hope that there may be some good news here, may say, 'Well, at least if I have less than €100,000 on deposit, I can still call that my own.' These folks will be the same ones who are relieved that they are likely to be left out of a 'one-time' wealth tax that is currently being floated as another solution to the exorbitant operating costs of governments. However, any government that steals your money once is likely to have another go at a later date. And another and another. Once they are accepted at all—for any reason—governments tend to repeat them." Continue reading →

Continue ReadingGet Ready for Confiscation

Get Ready for Confiscation

"Once it has sunk in that such a move is perfectly acceptable in Europe, the US will declare its own bail-in policy. Those who still cling to some hope that there may be some good news here, may say, 'Well, at least if I have less than €100,000 on deposit, I can still call that my own.' These folks will be the same ones who are relieved that they are likely to be left out of a 'one-time' wealth tax that is currently being floated as another solution to the exorbitant operating costs of governments. However, any government that steals your money once is likely to have another go at a later date. And another and another. Once they are accepted at all—for any reason—governments tend to repeat them." Continue reading →

Continue ReadingGet Ready for Confiscation

Farce of Globalism: World Bank Becomes Top Cop?

"The World Bank has a new mission. The Economic Times tells us that the World Bank has a new enemy to confront. It is not poverty but 'corruption.' The reason that these enormous global facilities are receiving more and more power and authority is not because they work well or even work at all. It is because the internationalists who set them up want them to expand as a way of building world government. Call it directed history. These agents of globalism will continually acquire power no matter the reality of their missions. They were never what they appeared to be. In the 21st century, it becomes increasingly apparent as the Internet Reformation era advances." Continue reading →

Continue ReadingFarce of Globalism: World Bank Becomes Top Cop?

Why Gordon Brown sold Britain’s gold at a knock-down price [2012]

"When Brown decided to dispose of almost 400 tonnes of gold between 1999 and 2002, he did two distinctly odd things. First, he broke with convention and announced the sale well in advance, giving the market notice that it was shortly to be flooded and forcing down the spot price. This was apparently done in the interests of 'open government', but had the effect of sending the spot price of gold to a 20-year low, as implied by basic supply and demand theory. Second, the Treasury elected to sell its gold via auction, which frequently achieved a lower price than the equivalent fix price. It seemed almost as if the Treasury was trying to achieve the lowest price possible for the public’s gold. It was." Continue reading →

Continue ReadingWhy Gordon Brown sold Britain’s gold at a knock-down price [2012]