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 | Adrian Ash - Bullion Vault |
| August 2007: When the Central Bank Con-Trick Failed |
| "Whatever it takes" has so far equaled $15 trillion of QE...
WEDNESDAY this week marks the 10th anniversary of what pundits, analysts and most investors now agree was the start of the global financial crisis,
writes Adrian Ash at BullionVault.
If they had been paying attention when the interbank credit markets first froze in fear – back on 9 August 2007 – most people wouWednesday, August 9, 2017 |
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 | Mish - Global Economic Analysis |
| Revenge: Former Italian Prime Minister Seeks to Destroy the Euro |
| Former Italian prime minister Silvio Berlusconi resigned in 2011 in the midst of a eurozone crisis after the Italian parliament voted for austerity measures. He blames then ECB president Jean-Claude Trichet for his ouster.
Berlusconi was replaced by a technocrat Mario Monti, the first of four consecutive Italian technocrats.
He wants back in power, and he also wants Italy out of the Eurozone. Recent political moves indicate Berlusconi desires to destroy the euro even more than he wants back in pFriday, March 3, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
 Why the EU is doomed  |
| We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis.We normally survive financial crises, thanks to the successful actions of central banks as lenders of last resort. However, the origins and construction of both the the euro and the EU itself could ensure the next financial crisis commences in the coming months, and will exceed the capabilities of the ECBThursday, September 15, 2016 |
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 | The Gold Report |
| Markets Roiled as Britain Votes Itself Out of EU |
| Britain has voted to exit the European Union and its prime minister has resigned in the wake of the Brexit vote. The markets have, so far, reflected the world's uneasy reaction to the event. But it is early days, says newsletter writer and technical analyst Clive Maund, who offers his views on the day after Brexit.
Woke up to the stunning news this morning that Britain has voted by a narrow but clear majority to leave the European Union (EU). I had feareFriday, June 24, 2016 |
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 | Stewart Thomson - Graceland Update |
| Gold: A Key Trend Line M2V |
| Graceland Updates By Stewart Thomson1.Most mainstream money managers and gold analysts believe that US rate hikes are deflationary.In contrast, in the current global economic environment, I see them as inflationary.2.I made it clear several years ago that I viewed QE as a deflationary force, and tapering as inflationary.3.The tapering of QE laid the groundwork for a wave of reflation that rate hikes will bring to the world.Does "Mr. Market" agree with me? 4.For the probable answer, please click Tuesday, September 15, 2015 |
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 | Jim Willie CB - Hat Trick Letter |
| QE Death Sentence USTBond Black Hole |
| Rather than stimulus, the USFed's Quantitative Easing is a death sentence for the USDollar. It might provide an ongoing backdoor bailout opportunity for Wall Street banks, and even a window for China to switch from long dated to short dated USTreasurys, but QE is death sentence. It guarantees that the USDollar will be removed from the global premises and placed in the dustbin of history. Foreign banking systems are largely devoted to USTBonds as the foundation for their entire reserves system. TMonday, August 10, 2015 |
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| Mish - Global Economic Analysis |
| Competitive Theories: "Deflation Warning" vs. "Inflation is Nearly Everywhere" |
| Theory #1: Break-Even Rates Provide "Deflation Warning"
Bloomberg is sounding a Deflation Warning as 2-Year Break-Even Rates Go Negative.
Break-even rates are the difference between treasuries and the same-duration Treasury Inflation-Protected Securities (TIPS). The break-even rate turned negative yesterday for the first time since 2009.
In theory, break-even rates reflect investors’ expectations for inflation over the life of the securities.
When break-even rates are negative, it's an indicFriday, December 19, 2014 |
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 | Mac Slavo - ShtfPlan |
Former ECB Head Bullied Ireland into Bailout: Trichet “Held a Loaded Gun to Their Heads”  |
| The authoritarian and undemocratic nature of the European Union has once again reared its ugly head.
Former European Central Bank head Jean Claude Trichet – who stepped down in 2011 and is a Bilderberg Steering Committee member and sitting chairman of the European branch of the Trilateral Commission – refused to appear at a hearing after documents revealed his role in giving Ireland a bailout choice it couldn’t refuse:
EU bullyboy Jean Claude Trichet has snubbed calls to appear before the bankinFriday, November 7, 2014 |
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| Mish - Global Economic Analysis |
| For the "What Did You Expect Them to Say" File |
| Following a record $9 Billion Fine yesterday (See French Bank BNP Paribas Pleads Guilty Criminal Conspiracy Charges; Anyone Headed to Prison?), BNP came out swinging today saying no problem.
Dividends, No Problem
DealBook reports "BNP Paribas Is Confident It Can Absorb the Blow of a Record Fine"
A day after their bank was handed a record penalty by the United States authorities for violating sanctions laws, officials at BNP Paribas struck a confident note on Tuesday about the bank’s future, Wednesday, July 2, 2014 |
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| Mish - Global Economic Analysis |
| French Bank BNP Paribas Pleads Guilty Criminal Conspiracy Charges, Fined Record $9 Billion; Anyone H |
| Today, French bank BNP Paribas plead guilty Monday to criminal money-laundering laws by helping clients dodge sanctions on Iran, Sudan and other countries.
As part of the settlement, BNP will pay a record penalty of close to $9 billion.
Former ECB president Jean-Claude Trichet said the fine was neither fair, just, nor proportionate and carries risks for the global financial system.
CCN Money has the synopsis in BNP Paribas to Pay Nearly $9 Billion Penalty.
On Monday in an agreement with theTuesday, July 1, 2014 |
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| Mish - Global Economic Analysis |
| Former Bundesbank Vice-President Recommends Gold, Says Current Economic System is "Pure Fiction" |
| Anyone who is thinking clearly knows the economic system fostered by central banks is totally and completely out of control.
Repetitive rounds of QE, competitive currency debasement, interest rates at zero, and sponsorship of the internet bubble followed by the housing bubble, followed by the current stock market bubble is proof enough.
So, what I am about to report is really nothing but common sense, except for the fact that it comes from an unusual place, where one does not normally hear sucSunday, May 25, 2014 |
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| Mish - Global Economic Analysis |
| Stiglitz: Leaving the Euro Painful but Staying in More Painful; Eurozone Breakup Recap |
| Nobel prize winning economist Joseph E. Stiglitz has come to the right conclusion Leaving the Euro Painful but Staying in More Painful.
Partial Transcript
Question: I want to probe you a bit on that small mistake of the euro. UYou seem to suggest there is nothing that cannot be solved with more European solidarity and I agree with that intellectually. But if you are politically realistic, I don't think it is going to be forthcoming. I don't see large checks being written by German politicianSaturday, March 1, 2014 |
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| Mish - Global Economic Analysis |
| Scathing Attack on Rajoy in Spanish Press; Spain on Brink of Deflation, CPI Goes Negative |
| Spain's CPI has declined for four consecutive months and eight out of the last twelve. A decline of .4 percentage points in October pushed the CPI negative for the first time since 2009.
Via translation from El Economista
The Consumer Price Index (CPI) fell four tenths of a percent in October to -0.1% due to falling prices of food and non-alcoholic beverages and the lower rise in university education, according to the leading indicator of the evolution of prices in Spain released Wednesday byThursday, October 31, 2013 |
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 | Charleston Voice |
| UPDATED: Club Of Rome and The ... |
| Burning down our theater so they can yell "FIRE! FIRE!" panicking the world, so they can be trusted to take total control of our lives...
BREAKING!! Australian Politician Ann Bressington Exposes Agenda 21 and New World Order!
Committee of 300 Membership List With Wiki Links
Here is the list of the Committee of 300 with wiki links.
Abdullah II King of Jordan - [link to en.wikipedia.org]
Roman Abramovich - [link to en.wikipedia.org]
Josef Ackermann - [link to en.wikipedia.orgTuesday, August 20, 2013 |
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| Mish - Global Economic Analysis |
| Communication Only "Tool" Left |
| The message on this 4th of July from Central Banks is "we will keep doing what hasn't worked and what won't ever work" until it does work.
Case Number One
In central bank case number one Draghi Says ECB Rate to Stay Low for ‘Extended Period’
President Mario Draghi said the European Central Bank expects to keep interest rates low for an “extended period” as he tries to restrain market borrowing costs, in a new departure for an institution averse to setting policy in advance.
“The Governing CFriday, July 5, 2013 |
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 | Chris Powell - GATA |
| QEternity for Europe and UK |
| By Simon Kennedy and Jana Randow
Bloomberg News
Thursday, July 4, 2013
http://www.bloomberg.com/news/2013-07-04/draghi-says-ecb-rate-to-stay-lo...
President Mario Draghi said the European Central Bank expects to keep interest rates low for an "extended period" as he tries to restrain market borrowing costs, in a new departure for an institution averse to setting policy in advance.
With ECB officials today leaving their main refinancing rate at 0.5 percent, Draghi fleshed out their outlook for mThursday, July 4, 2013 |
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| Charleston Voice |
| UPDATED: Club Of Rome and The ... |
| Burning down our theater so they can yell "FIRE! FIRE!" panicking the world, so they can be trusted to take total control of our lives...
BREAKING!! Australian Politician Ann Bressington Exposes Agenda 21 and New World Order! [if gte mso 9]> Normal 0 Sunday, March 31, 2013 |
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| Charleston Voice |
| Club Of Rome and The Committee of 300 - video - AND Membership List |
| Committee of 300 Membership List With Wiki Links
Here is the list of the Committee of 300 with wiki links.
Abdullah II King of Jordan - [link to en.wikipedia.org] Roman Abramovich - [link to en.wikipedia.org] Josef Ackermann - [link to en.wikipedia.org] Edward Adeane - [link to en.wikipedia.org] Marcus Agius - [link to en.Thursday, September 20, 2012 |
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 | John Browne - Euro Pacific Capital |
| September 12th Looms Large for Germany |
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The German economy is undoubtedly the powerhouse of Europe.As a result, an understanding of the developments within Germany can offer a strong indication of the path that the rest of Europe is likely to take.Until recently, Germany stood as a bastion of sound money against those Keynesian led regimes in the developed nations that favor continual currency debasement as an economic panacea.Thursday, September 6, 2012 |
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| Crisis Watch - Euro Pacific Capital |
| September 12th Looms Large for Germany |
| Thursday, September 6, 2012 |
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