Global Monetary Crisis

currency
Economies are getting worse rather than better.
Currency & trade wars are escalating and spilling into military interventions.
The “FED” openly admits that the policy is to drive up asset prices…
Remember: All Wars Are Bankers’ Wars
Below are the latest Central Banks’ activities within the global monetary crisis.
Please click on the links to read full details. ~Ron
.

Germany close to recession as ECB admits recovery is weak

By Ambrose Evans-Pritchard The Telegraph, London Thursday, August 7, 2014
German bonds yields plunged to a historic low and two-year rates briefly fell below zero on Thursday on fears of widening recession in the euro-zone…

Mario Draghi, head of the European Central Bank, said the recovery remained “weak, fragile, and uneven,” with a marked slowdown in recent weeks on escalating geopolitical worries over Russia and the Middle East.
He said the ECB, which on Thursday held benchmark interest rates at 0.15 percent, “stands ready” to inject money through purchases of asset-backed securities and quantitative easing…

Read full report: The Telegraph

The world’s central banks have cut their purchases of foreign bonds by two-thirds since late last year; China has cut by 75%!

Global QE ends as China opens second front in bond tapering
30 Jul 2014 The Telegraph
[Those central bank purchases] fed demand for US Treasuries, Bunds and Gilts, as well as French, Dutch, Japanese, Canadian and Australian bonds and parastatal debt, displacing the better part of $12 trillion into everything else in a universal search for yield. Any reversal would threaten to squeeze money back out again.

“If it is true that reserve accumulation causes asset bubbles and dangerous carry trades of every kind – as suggested in a series of IMF papers – then any sign that it is slowing and might even be going into reverse ought to be a cautionary warning”.

Read full report: The Telegraph

Europe’s tough new regime for banks fails first test in Portugal

Controversial bailout of Banco Santo Espirito has left taxpayers on the hook for €4.9bn

Read full report: The Telegraph

RELATED:
https://ronmamita.wordpress.com/2013/09/07/global-crisis-redux/
https://ronmamita.wordpress.com/2013/07/01/money-manipulators/
https://ronmamita.wordpress.com/2013/06/17/economic-and-political-dissolution/
https://ronmamita.wordpress.com/2014/04/29/governments-are-confiscating-cash-and-searching-peoples-bags-using-terrorism-as-the-excuse/
https://ronmamita.wordpress.com/2014/01/24/war-the-trump-card/
https://ronmamita.wordpress.com/2014/03/02/warning-your-savings-are-not-safe-in-the-bank/
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8 comments on “Global Monetary Crisis
  1. RonMamita says:

    Alasdair Macleod: No market crashes anymore, just currency risk:

    Market rigging by governments has become comprehensive, GoldMoney research director Alasdair Macleod writes today in what is probably his most profound and important commentary ever.

    “We have known for years,” Macleod writes, “that through intervention central banks have managed to control the prices of currencies, precious metals, and government bonds. But there is increasing evidence of direct buying of other financial assets, including equities. The means for continual price management are there: There are central banks, exchange stabilization funds, sovereign wealth funds, and government-controlled pension funds, which between them have limitless buying power.”

    Hence, Macleod writes, there probably will never be another bond or equity market crash.: “All market risk is being transferred from bonds, equities, and all other financial assets into currencies themselves, and it is the outcome of their purchasing power that will prove to be the final judgment in the debate of markets versus economic planning.”

    Macleod’s commentary is headlined “Markets: Keep Calm and Carry On” and it’s posted at GoldMoney here:
    http://www.goldmoney.com/research/analysis/markets-keep-calm-and-carry-on?gmrefcode=gata

    • RonMamita says:

      Most researchers have been assuming or expecting a stock market crash or severe currency devaluation (“Hyperinflation”), and with the full manipulative tools of the major governments and central banks working in coordinated fashion it is more likely that wars and social unrest will be the response to food & energy shortages and price hikes.

      Hathaway: The Next Mega-Crisis That Will Shock The World

      August 6, 2014

      […]
      What you don’t hear much talk about is deteriorating credit. We have seen the banking crisis begin to reemerge in Europe. There was Banco Espirito in Portugal and Erste Bank in Austria.

      Also, this geopolitical tension is potentially very destructive to cross-border credits in the eurozone. This is a problem that is going to sneak up on the markets. And the other thing you have is these very, very narrow spreads in junk — just a few basis points between Treasuries and really bad credit. This is potentially a bubble in the credit sector that may very well have scale comparable to what we saw going back to 2008. This is a major problem in my view.

      So while everyone is cheering the economy on and looking at earnings reports, you have serious trouble brewing. That’s what the gold market is sniffing out. It’s not just the geopolitical trouble which is grabbing the headlines, even though that situation is certainly serious enough, but it’s this potential worldwide credit disaster that is far beyond whatever short term headlines are hitting the mainstream media news wires.

      We now have a world in which credit is extremely extended, and I think the best proxy for that is looking at credit spreads. We have seen the junk ETFs start to break down. We are also starting to see emerging market problems. I think all of this is a witches brew that will create real trouble for financial assets.

      Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/6_Hathaway_-_The_Next_Mega-Crisis_That_Will_Shock_The_World.html

  2. The capitalists simply haven’t caught on that young people are steadily withdrawing from the market economy. Now that the powers that be have decided that “recovery” is an economy where 20-30% of young people are unemployed, they are rapidly figuring out how to get access to stuff without paying for it. They quit buying music, newspapers and films ages ago. Now they have quit buying cars and tools – they just car share and tool share.

    Those with land are growing their own food. And those with jobs are putting solar panels on their roof and getting energy for free (after the 6-8 year pay off for the installation).

    One big reason the capitalist economy is in crisis because it’s slowly drying up

  3. RonMamita says:

    The Signals Are Clear For Global Economic Calamity

    India’s Central Bank Governor, 51 year old Raghuram Rajan said:

    The actions the Fed takes are based mainly on U.S. domestic economic factors, but because of the unique position of the U.S. in the world economy, those decisions ripple through dollar-dominated financial markets in ways the Fed leadership does not take into account.

    The results, Rajan argues, can ultimately be detrimental to the world economy. He points to a rise in increase in reserves in India and other emerging markets – built up as a cushion against potential fallout from the Fed’s tapering of stimulus – as one of those negatives. By topping up reserves, these emerging markets are in effect decreasing their demand for goods from the U.S. and elsewhere, and that is in the end bad for global growth. -Time
    http://time.com/3099587/india-central-bank-raghuram-rajan-global-finance-world-economy/

    • I think it’s definitely a calamity for capitalists but I’m not so sure about the rest of us. 20-30% of the population has already been permanently excluded from the economy. According to Jeremy Rifkin, the nonprofit social commons is taking up the slack – that and a growing trend in young people to grow food, get stuff free off the Internet and share cars, bicycles, tools, home stays, toys and everything else they can think of.

      • RonMamita says:

        Happy greetings!
        I avoid using the term “capitalist” unless I define its meaning within the paragraph.
        Capitalist has been used by self-proclaimed capitalists to applaud the “free market” theory. [I have seen self proclaimed socialists use “capitalists” derogatorily to hype the attractiveness of socialism. While both use the same banking system.]

        Frankly I do not comprehend your use of the term “capitalists” in your last two comments.

        All the United Nations’ members protect the same fractional reserve banking model that is the foundation of the international monetary system.

        The international monetary system controls all nations’ “capital”.
        Some of those nations publicly state they embrace socialist ideals, yet it doesn’t change much.
        The global system of capital and currency controls.
        Many argue that system is a global capitalist system, others would argue it is a criminal bastardization of “free market capitalism”… [I have even heard some claim the system is a socialists’ creation as it meets the Communist (socialist) manifesto document] *This is not my debate.*

        You can see from the above why I usually do not use that word, because it would take up pages of text to explain before moving forward to more important alternative solutions or remedies.

        As to Jeremy Rifkin’s concepts of the 3rd industrial revolution, emerging tech and social changes, he may be on to something about emerging trends and possible changes.
        I have one very troubling question about Rifkin’s concepts: WHY his “post carbon economic era has been endorsed by the European Union and the United Nations and embraced by world leaders including Chancellor Angela Merkel of Germany, President François Hollande of France, and Premier Li Keqiang of China”???
        The very control freaks causing so much suffering in their respective nations.

        However, in the immediate global monetary crisis I read the policy changes implemented and I see the likelihood of major institutions attempting to increase taxes, impose 100% tax compliance policy, confiscate bank accounts, pension accounts and other citizen’s assets as payment of government debts and maintaining control over the population.
        Most young people still have a bank account, most families with children or dependents have a bank account, most workers and self-employed have a bank account, most small business have a bank account, most work from home have a bank account, and those computer financial accounts can be digitally debited, suspended, or closed at the whims of the policy makers.
        All businesses and commerce connected to the international monetary system would be affected. Take the concept of cause and effect into consideration and the impact is HUGE. Even as you, I, and countless others point to the emerging social phenomena of sustainable living and the plethora of alternatives. (I personally embrace food gardens, alternative energy, alternative currencies, bartering, P2P tech & networking, DIY projects).

        We can minimize the effects (while simultaneously creating the paths for alternative solutions) by moving off-the-grid, community farming, food gardens, D.I.Y. projects, creative commons, open source, collaborative networking, and other innovative self-reliant and sustainable living efforts.
        I encourage everyone to embrace self reliance and sustainable living, while simultaneously share information about the current global meme and why it must be abandoned and abolished for creative freedom to flourish. The true next evolution for the People on Earth is personal sovereignty and alignment with Nature’s Abundance & Abundantly Diverse living-model.

  4. RonMamita says:

    SILVER: the biggest trading anomaly of all

    James C. McShirley August 23rd, 2014

    Market analyst and GATA consultant James McShirley calls attention today to the almost constant knockdown of the silver futures price upon the 6 p.m. Eastern time opening of the access market.

    McShirley writes: “Virtually every evening for the last three years at precisely 6 p.m. ET something very odd has happened: Comex silver offers swamped the bids to the tune of a 3-10 cent decline. For this to happen for three consecutive weeks would be strange. If it were to happen for three straight months it would be bizarre. Only MOAMOPE — Mother of All Management of Perspective Economics — can describe when it occurs for three straight years. …

    “Silver has had a near-iron clamp imposed on it commencing with the access trade reopen. How severe is this iron clamp? From September 1, 2011, to the present, 621 out of the 744 6 p.m. access trade opens have been lower. All manipulation denialists take note: That’s an astounding 83.5 percent.”

    “I was stunned to stumble on to the biggest trading anomaly of all: the MOAMOPE – the mother of all management of perspective economics.
    MOAMOPE is quite simply the stunningly high percentage of lower opens on the 6:00 PM silver access trade open. Perhaps some have noticed the oddity in the form of a Kitco 3 day chart.”

    Read more: http://news.goldseek.com/GoldSeek/1408983846.php

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