Some People think the central banksters are “Finding New Excuses to Maintain Low Interest Rates For Longer“.
Sounds like a Ponzi Economy.
Janet Yellen, Mario Draghi, Mark Carney, and the other central banksters maybe acting in concert, not ready to stop the music.
Is China in big trouble? According to the Australian Financial Review (AFR), “China’s property market is going through its worst slump on record…”
For 7 years central bankers have promised “RECOVERY” is here. Worst. Recovery. Ever.
Labor Participation
The labor force participation rate has been steadily falling over the last two decades.
Some of this decline is due to changing demographics. The population is aging, and many workers who were at or near retirement age ahead of the financial crisis haven’t made it back into the workforce.
But an aging population doesn’t answer all the questions, since the labor force participation rate has also dropped for prime-age workers.
Read more: http://www.businessinsider.com/jackson-hole-preview-august-19-2014-8
There was a time, and I admit I miss it, when the August Jackson Hole conference of central bankers got about as much mainstream attention as a particularly well-attended chess match.
Those were the good old days, before financialization, economic crisis and political paralysis gave monetary policy an arguably too central role in the economy and the allocation of capital.This week when central bankers from around the world meet at the Kansas City Federal Reserve’s conclave at Jackson Hole, Wyoming, investors and many other people who ought to have better things to do will pay avid interest to the proceedings. […] And, as some central bankers themselves might agree, there are good reasons to regret the centrality of monetary policy. A generation of investors and business people has learned to allocate capital under these conditions and the results have not been encouraging. –James Saft
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Why You Should Care About Jackson Hole
Central bankers, a group of largely independent technocrats, wield more power over the fates of politicians, investors and regular folk than ever before. In the absence of government action, they are bearing most of the burden of supporting economic recoveries in the U.S. and Europe. With their bond purchases and other unconventional policies, they have become a major force holding up financial markets around the world.
Hence, when they gather for their annual meeting in Jackson Hole, Wyoming — as they will starting Friday — it’s worth paying attention.
Read more: http://www.bloombergview.com/articles/2014-08-19/why-you-should-care-about-jackson-hole
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Wonkbook: What the world’s top central bankers will be talking about at Jackson Hole
- A group of Americans larger than Washington state’s population can find only part-time work….Those 7.5 million part-time workers who want full-time jobs are inflating the broad measure of underemployment [the job market is in poor health]. Involuntary part-time workers have gained by 325,000 from February’s five-year low.
- “The U.S. labor market still has plenty of unused capacity or ‘slack,’ and that hurts workers at the bottom of the income ladder the most, according to a paper released Friday by two economists from the Federal Reserve Bank of Chicago. They say labor market conditions have ‘yet to revert fully to prerecessionary levels.’ If job market conditions prevalent in 2005 through 2007, before the recession started, had been restored by this summer, the authors estimate, then average real wage growth, adjusted for inflation, would have been 0.5 percentage point to 1 percentage point higher.” Pedro Nicolaci da Costa in The Wall Street Journal.
- Timing of first rate hike?
“Fed forecasts show most officials expect to start raising rates next year. Many market participants see mid-2015 as the starting point. The Fed’s move is especially important because many of the world’s other central banks follow its lead. If Ms. Yellen waits, other central banks will have an incentive to wait, too.”
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RELATED:
Current Path: Manipulate Crisis, Deepen Global Economic Depression, and Escalate WW3
The Directive: Where Financial Markets Are Criminal Syndicate Thrillers
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Here’s the full schedule
JACKSON HOLE: Here’s The Program Schedule For The Kansas City Fed’s Economic Policy Symposium
via the Kansas City Fed. Thursday, August 21, 2014
6 p.m.
Opening Reception and Dinner
Host: Esther George
President and Chief Executive Officer,
Federal Reserve Bank of Kansas City
Friday, August 22, 2014
Chair: Peter Blair Henry
Dean, Stern School of Business,
New York University
8 a.m.
Opening Remarks
Janet L.Yellen
Chair,
Board of Governors of the Federal Reserve System
8:30 a.m.
Churn and the Functioning of Labor Markets
Authors: Steven J. Davis
Professor,
University of Chicago
John Haltiwanger
Professor,
University of Maryland
Discussant: Richard Rogerson
Professor,
Princeton University
9:05 a.m.
General Discussion
9:30 a.m.
Job Polarization
Author: David Autor
Professor,
Massachusetts Institute of Technology
10:15 a.m.
Discussant
Discussant: Lisa M. Lynch
Professor,
Brandeis University
10:30 a.m.
General Discussion
10:55 a.m.
Panel on Demographics
Panelists: Karen Eggleston
Professor,
Stanford University
David Lam
Professor,
University of Michigan
Ronald D. Lee
Professor,
University of California, Berkeley
11:55 a.m.
General Discussion
12:30 p.m.
Luncheon Address
Speaker: Mario Draghi
President,
European Central Bank
2 p.m.
Adjournment
Saturday, August 23, 2014
Chair: Christina D. Romer
Professor,
University of California, Berkeley
8 a.m.
Scars From the Crisis
Author: Till Marco von Wachter
Associate Professor,
University of California, Los Angeles
Discussant: Antonella Trigari
Associate Professor,
Bocconi University
8:35 a.m.
General Discussion
9 a.m.
Wage Dynamics
Author: Giuseppe Bertola
Professor,
EDHEC School of Business
9:45 a.m.
Discussant
Discussant: Mark Bils
Professor,
University of Rochester
10 a.m.
General Discussion
10:25 a.m.
Overview Panel: Labor Markets and Monetary Policy
Panelists: Ben Broadbent
Deputy Governor for Monetary Policy,
Bank of England
Haruhiko Kuroda
Governor,
Bank of Japan
Alexandre Antonio Tombini
Governor,
Central Bank of Brazil
11:25 a.m. General Discussion
2 p.m. Adjournment
Read more: http://www.businessinsider.com/jackson-hole-economic-symposium-schedule-2014-8
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Downward Spiral: What To Expect When Savers Are Punished
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Reblogged this on Spartan of Truth.
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Worldwide conspiracy to rig the Libor interest benchmark
By Katherine Rushton The Telegraph, London
Monday, August 18, 2014
Paul Robson worked at Rabobank’s London office
Paul Robson, a former trader at Rabobank, has become the first Briton to plead guilty to being part of the worldwide conspiracy to rig the Libor interest benchmark.
The executive, who worked at the Dutch bank’s London office, admitted before a New York court to one count of bank fraud and wire fraud, as part of a conspiracy that also involved the taxpayer-backed Lloyds Banking Group.
The scheme, which was designed to boost profits at the companies involved, which affected mortgage rates and pension payments around the world, estimated to have cost the public trillions of pounds.
Read More:
http://www.telegraph.co.uk/finance/libor-scandal/11042476/First-Briton-pleads-guilty-to-Libor-rigging.html
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Central Bankers and Governments have conflicts of monetary policy interest that go unreported on their effects on free market capital allocation . Individual Prosperity will never be allowed and is just a facade to keep “ Hope “ a tool for the hierarchy to keep the public interested in an idea for a peaceful continuation of their idea of how much supply is created and how much is used by the general public to cause a zero growth result while creating the illusion of hope for better times , but they are losing this effect .
http://anticorruptionsociety.com/tag/environmentalist/
http://en.wikipedia.org/wiki/Marcel_Claude
http://www.infowars.com/bankers-declare-u-s-europe-conquered/
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Secret Fed Meeting Holds Key To Ferguson Riots
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You want to know why this Hypocrisy exists today in the Policies of GOVERNMENT then I want to take you on a Little Roller Coaster ride called the Ideological path that sees YOU as the THREAT , A Human Consumption rate threatening the existence of EARTH is what these Ideologues who are running the Governments of the world THINK OF YOU !!!!!!!! They are all seeing the world societies as TO MANY PEOPLE OVERPOPULATING THEIR EARTH , so they are doing things to ZERO OUT PEOPLE GROWTH !!!!!
First they De-developed our self reliance to make us SERFS dependent on them , http://cnsnews.com/node/75388
Then under the Agenda 21 policy they are HERDING us with Oppressive tactics into the Holding Communities they are going to force to be built , http://foxnewsinsider.com/2013/03/21/megyn-kelly-interview-author-stanley-kurtz-on-obama-admins-smart-growth-plan-to-move-people-out-of-suburbs/
And these New Communities will come Complete with an expiration date of THEIR Choice is what will evolve after they complete the transformation of the Liberty clause of the Constitution , Listen at 8:00 about the Liberal Reporter saying Yes Death Panels exist and that they are needed to Bend the cost curve on end of life care , http://www.youtube.com/watch?v=keG6qInHp54#t=496
Report: EPA tested deadly pollutants on humans to push Obama admin’s agenda
Read more: http://dailycaller.com/2014/04/02/report-epa-tested-deadly-pollutants-on-humans-to-push-obama-admins-agenda/#ixzz2yaVYyOME
These stories are by the elite circles of society around the world and they see people as a threat and we need to get a handle on this with debate confronting them before they gain so much power in the political forums of policy making that cabals like whats going on at the Bundy ranch don’t progress , because these Bolsheviks are going after Food production and we will have shortages if they are successful in reducing production and interrupting seasonal growth !!!!!!!!!
See this story shows how quietly the Environmentalist Marxists who have Infiltrated the Government agencies and are taking grazing lands away quietly , these kinds of reductions in food production are going to cause price spikes that will destabilize markets , the perfect storm that these ECO Marxists want to nationalize the Markets so they can control the rate of consumption to save their Earth . http://www.capitalpress.com/Livestock/20140522/no-place-to-graze
Notice the COST if you do not comply with this Environmental regulation all a result of less production due to a loss of reinvestment revenue that can increase supply efforts , http://www.capitalpress.com/Idaho/20140516/state-farm-leaders-discuss-idaho-dust-rule
These next stories show you how the Technocrats see we the people , a threat is how they see us so no wonder we see all the things going on that destabilize the economics of the free market system of a self reliant society . BOLSHEVISM TACTICS ARE ALIVE AND WELL TODAY !!!!!
http://www.cnn.com/2012/04/08/opinion/gilding-earth-limits/index.html
http://ngm.nationalgeographic.com/7-billion
http://www.nbcnews.com/id/44990504/ns/us_news-life/t/seven-big-problems-billion-people/
PEOPLE UNDERSTAND WHATS GOING ON , http://www.waronhumans.com/
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Stanley Fischer: Israeli Zionist and previous governor for Israel’s central Bank
Fischer was also First Deputy Managing Director of the International Monetary Fund (IMF).
This is a STAGED EVENT to persuade opinions…
The first speech, as the new vice chairman of the Federal Reserve, Stanley Fischer, who said the first objective of central banks at the moment must be to try to restore economic growth.
“The central message of Fischer’s speech — that central bankers and governments should try even harder than they have in the past five years to support economic growth — was closely echoed by Mark Carney, the governor of the Bank of England, at his quarterly press conference two days later.
This consistency should not be surprising: Carney was Fischer’s student at the Massachusetts Institute of Technology in the 1970s — as, even more significant, was Mario Draghi, president of the European Central Bank. Because of Fischer’s influence on other central bankers, as well as his unparalleled combination of academic and official experience, he is probably now the world’s most influential economist.”
Read between the lines: http://www.usagold.com/cpmforum/2014/08/16/stanley-fischer-speaks-out/
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Reblogged this on Bryan Hall's "Awakening" ….
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Happy greetings,
Thank you for sharing and thank you for being here!
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Likewise, and thank YOU! Namaste. ❤
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At the moment New Zealand is fighting a Parliamentary election to get rid of John Key, a currency trader and former member of the NY Federal Reserve. People in New Zealand are increasingly unhappy with the control international banks have over our economy – and the way Key has been acting in their interests.
Investigative reporter Nicky Hager has just published a book Dirty Politics about the casual criminality of Key’s government. A lot of people knew this stuff was happening but Hager got hold of lots of leaked emails and now it’s official.
It looks like Key is going down: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11312362. The latest campaign ads by the National Party have deliberately omitted any reference to the prime minister: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11311360
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That is good news, thank you for sharing!
Hopefully I live to see tribunals for officials and executives here in the USA.
Their deceptions are revealed and the institutions are untrustworthy and thus all agreements and authority shall be repealed and voided.
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New York Sun: The mystery of Jackson Hole
In commentary headlined “Mystery of Jackson Hole,” The New York Sun today reflects on the wreckage of the United States economy as the annual economic conference of the Federal Reserve Bank of Kansas City convenes at the famous Wyoming resort. The Sun writes:
“Savers have been devastated. The market isn’t what it seems. No one wants to lend and no one wants to borrow. Unemployment is still above where it was when Congress gave the Fed a mandate to bring it down. A new Fed chairman has made jobs her signature. But will anyone at Jackson Hole ask whether it is the fiat nature of our money that got us into this hole in the first place?”
The Sun’s commentary is posted here:
http://www.nysun.com/editorials/mystery-of-jackson-hole/88816/
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They Lie: It is Just A Coincidence
By Turd Ferguson | Wednesday, August 20, 2014
I don’t usually devote entire threads to just one video snippet but this latest from CNBS is so priceless that I figured it could stand on its own.
Please allow me to set the stage. Earlier this afternoon, the minutes from the July FOMC meeting were released to the usual CNBS fanfare. Once LIESman finished up his usual schtick, he threw it back to Brian and Mandy in Fort Lee…and this is when the fun began.
Now I have to give a few props to this Brian Sullivan character. To his credit, I’ve seen him on more than a few occasions point out some of the lunacy and disconnects that permeate his network and other financial coverage. Of course he never gets to The Truth. Oh, heavens no. Never, ever will CNBS or any other financial media discredit themselves by admitting what to all of us is so obvious. Namely, that The Fed and their Primary Dealers are willfully and intentionally driving the US stock market higher in order to maintain Bernanke & Yellen’s “wealth effect”.
So, when Brian notices this “very odd coincidence” in stock markets returns, he simply laughs it off. As he chuckles, he brings in some goon named Dom Chu to confirm his view that it simply must be “random nonsense”.
Nope. Nothing to see here at all. Just a strange coincidence, indeed. Certainly NOT evidence that the “markets” are centrally-planned and centrally-controlled. No way. Hmmm, I wonder what Brian and Dom would think of this chart then? Three, consecutive years of a straight up channel with no meaningful corrections:
Three years of sovereign debt crises, geo-political events and a staggering US economy. But none of that matters when The Fed prints money and feeds it directly to The PDs for distribution across the equity derivative spectrum.
Again, though, CNBS et al would never, ever admit to this gross manipulation. To do so would discredit and marginalize their very existence. Instead, all is well in TV land. “Coincidences” be damned.
TF
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