8 comments on “Finance Ministers In A Panic
  1. RonMamita says:

    Brazil In Crisis

    Cost of doing business in Brazil…

    Title: Cause of the Depression in Brazil Video 2015 03 12 145704
    Video posted: 18 Jan 2016

    Andy Hoffman: “Global Financial Panic”

    Video posted 11 Feb 2016

    Fed May Lack Legal Authority for Negative Rates

    Title: Feds Admit the “Internet of Things” is for Spying on You – #NewWorldNextWeek
    Video posted: 11 Feb 2016

    NewWorldNextWeek Headlines: Fed May Lack Legal Authority for Negative Rates
    Microsoft Drops a Cloud Data Center Under the Ocean
    Obama Quietly Unveils 4.1 Trillion Dollar Budget with More for Pharma, Military and Cyberwar
    While Americans Prepared for the Stupor Bowl…The-Powers-That-Shouldn’t-Be Signed The TPP And the TTIP is Next


    • RonMamita says:

      If the Federal Reserve decides to confiscate assets from customers at banks the law will not stop them.

      Credit Suisse Reported $5.8 Billion Loss

      Credit Suisse Group AG plunged to a 27-year low as a selloff across the industry compounded … Credit Suisse CEO says it’s `not a great time to be a bank’.
      Read: http://www.bloomberg.com/news/articles/2016-02-11/credit-suisse-slides-to-17-year-low-amid-selloff-overhaul-woes

      Title: Banking Landscape on Fire, Dollar Tumbles, as Gold and Silver Sparkle
      Video posted 05 Feb2016

      The Walking Dead: Something is Rotten in the Banking System

      February 8, 2016 | Author Pater Tenebrarum
      A Curious Collapse

      “Many funny tricks have been employed to keep euro area banks and governments afloat during the sovereign debt crisis. Essentially these consisted of a version of Worldcom propping up Enron, with the central bank’s printing press as a go-between.”


      Deutsche Bank CoCos: these convertible bonds have special features that allow for “automatic” conversions and the suspension of coupon payments, making them eligible as tier 1 capital under Basel 3. Investors have liked this instruments – until they suddenly stopped liking them.

      Mr. Tchir agrees that the arbitrary manner in which bail-ins have been pursued – especially the overnight bail-in of senior creditors of BES by the Portuguese government’s decision to reassign five different bonds from the “good bank” to the “bad bank” ad hoc – must have contributed to investors getting cold feet.

      However, he also argues that Mr. Draghi can surely be relied upon to keep Europe’s zombie banks in a state of suspended animation, and that the surge in CDS spreads is so far not much to worry about, at least if compared to where they went in the last crisis period

      Read: http://www.acting-man.com/?p=43141


  2. Reblogged this on UZA – people's courts, forums, & tribunals and commented:
    Thanks Ron, at some point we going to have to cash in the chips and re-shuffle the cards of this Ponzi scheme; in peace


  3. RonMamita says:

    FULL ARTICLE Benjamin Fulford 2-8-16… “First meeting between Pope and Russian Patriarch in 1000 years aimed at Khazarian Satanists”

    08 Feb 2016

    … an admission by Goldman Sachs, the “vampire squid,” that “broader questions about the efficiency of capitalism” need to be asked. In other words, they were saying the system may be broken.


    Rockefeller and Saudi controlled Citibank, for its part, said the “world economy is trapped in a death spiral.”

    Read: kauilapele.wordpress.com

    [* NOTE: Warren Buffett said something about the choice between bailing a sinking ship and boarding a different ship…

    Indeed major events are happening! ~Ron]


  4. RonMamita says:

    Rob Kirby: Economic Collapse Happening Now

    One of the many lies Kirby points out is the Fed’s recent rate hike because the economy had improved. Kirby disagrees and says, “My analysis says nothing could be further from the truth. . . . U.S. dollar reserve holdings have dropped close to $1 trillion in the last eight or nine months, and that’s on a global scale. What happens when reserves drop means that foreigners have been selling U.S. government securities. They are abandoning the dollar, and if foreigners are abandoning the dollar, the question is who’s buying them? The answer to who is buying the reserves is the U.S. Treasury itself. Specifically, it is the Exchange Stabilization Fund (ESF) within the U.S. Treasury.”

    Kirby goes on to explain, “Because the ESF is buying all these Treasuries that foreign countries are pitching . . . with off-book money these Treasuries do not show up in reserve accounts. This creates a real dichotomy. You’ve got these global U.S. dollar (USD) reserves dropping, but you have this illusion or gimmickry of a strong dollar. Remember, the dollar has been strengthening for the last 9 months. The dollar can’t keep getting stronger if the world is bailing on dollars. The drop in the USD reserves doesn’t support the narrative of a strong dollar. So, something had to be done to put reserves back into the system. . . . The Fed had to give the illusion of tightening and tighten once. . . . This is their attempt . . . to make their narrative sound believable that the dollar is strong and the world isn’t abandoning U.S. government securities.”

    Kirby contends that a collapse isn’t coming but is “already happening now.” Kirby explains, “I believe we are in the process.” How has this financial collapse been put off so long? Kirby says, “I have been known as a conspiracy theorist, a tin foil hat wearing conspiracy theorist for the last ten years of my life because I said the markets are rigged. Now, a former Fed President has come out and said ‘yes, we rigged the markets.’ So, how are you left? Of course, they have rigged the markets, and the sad thing is the rigging is going to get more extreme because these people are acting and operating like cornered rats. Cornered rats are very, very dangerous animals and can inflict a lot of damage. . . ”


  5. RonMamita says:

    Stephen Roach: “Central Banking Has Lost Its Way, Is In Crisis”

    Authored by Stephen Roach, originally posted at Project Syndicate,

    In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to manage. First came zero interest rates, then quantitative easing, and now negative interest rates – one futile attempt begetting another. Just as the first two gambits failed to gain meaningful economic traction in chronically weak recoveries, the shift to negative rates will only compound the risks of financial instability and set the stage for the next crisis.

    The adoption of negative interest rates – initially launched in Europe in 2014 and now embraced in Japan – represents a major turning point for central banking. Previously, emphasis had been placed on boosting aggregate demand – primarily by lowering the cost of borrowing, but also by spurring wealth effects from appreciating financial assets. But now, by imposing penalties on excess reserves left on deposit with central banks, negative interest rates drive stimulus through the supply side of the credit equation – in effect, urging banks to make new loans regardless of the demand for such funds.

    This misses the essence of what is ailing a post-crisis world. As Nomura economist Richard Koo has argued about Japan, the focus should be on the demand side of crisis-battered economies, where growth is impaired by a debt-rejection syndrome that invariably takes hold in the aftermath of a “balance sheet recession.”

    Such impairment is global in scope. It’s not just Japan, where the purportedly powerful impetus of Abenomics has failed to dislodge a struggling economy from 24 years of 0.8% inflation-adjusted GDP growth. It’s also the US, where consumer demand – the epicenter of America’s Great Recession – remains stuck in an eight-year quagmire of just 1.5% average real growth. Even worse is the eurozone, where real GDP growth has averaged just 0.1% over the 2008-2015 period.

    All of this speaks to the impotence of central banks to jump-start aggregate demand in balance-sheet-constrained economies that have fallen into 1930s-style “liquidity traps.” As Paul Krugman noted nearly 20 years ago, Japan exemplifies the modern-day incarnation of this dilemma. When its equity and property bubbles burst in the early 1990s, the keiretsu system – “main banks” and their tightly connected nonbank corporates – imploded under the deadweight of excess leverage.

    Read more: https://peoplestrusttoronto.wordpress.com/2016/02/19/stephen-roach-central-banking-has-lost-its-way-is-in-crisis/


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