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Here Is The Complete Scenario In Which The Fed Hikes Rates, Starts A Recession, And Launches QE4

Here Is The Complete Scenario In Which The Fed Hikes Rates, Starts A Recession, And Launches QE Seven years after the Fed unleashed ZIRP and QE to “fix the economy”, it has finally admitted that ZIRP and QE failed to do that (although they certainly succeeded in blowing the biggest asset bubble ever), and for […]

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The Fed Induced Farce

The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history.  Evidently the Wall Street titans of greed have […]

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Time Is Running Out For Pax Americana’s Apologists

Time Is Running Out For Pax Americana’s Apologists The paradox of the current global crisis is that for the last five years, all relatively responsible and independent nations have made tremendous efforts to save the United States from the financial, economic, military, and politicaldisaster that looms ahead. And this is all despite Washington’s equally systematic moves to destabilize […]

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One Analyst Says China’s Banking Sector Is Sitting On A $3 Trillion Neutron Bomb

One Analyst Says China’s Banking Sector Is Sitting On A $3 Trillion Neutron Bomb To be sure, we’ve long contended that official data on bad loans at Chinese banks is even less reliable than NBS GDP prints. Indeed, the lengths Beijing goes to in order to obscure the extent to which banks’ balance sheets are […]

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Haruhiko Kuroda – The Pressure to “Do More” Rises

Haruhiko Kuroda – The Pressure to “Do More” Rises BoJ Leaves Policy Unchanged, but What Comes Next? The Bank of Japan has employed QE programs since March of 2001 (in February of 2001, it still claimed that “QE will be ineffective” – it was right then, for the last time). These have had no effect […]

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Japanese police drag away elderly protesters as work starts on controversial US airbase (VIDEO)

Japanese police drag away elderly protesters as work starts on controversial US airbase (VIDEO) Protesters lie on the ground as they try to block work on a contentious U.S. air base in front of the gate of the U.S. Marine Corps Camp Schwab in Nago on the southern Japanese island of Okinawa, in this photo […]

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Jeffrey Snider: Kuroda’s Rebuke Came Awfully Swift

Jeffrey Snider: Kuroda’s Rebuke Came Awfully Swift There must be a universal speech template included in the monetary textbook that is shared among the various central banks. On September 28, 2015, Haruhiko Kuroda, Governor of the Bank of Japan, delivered a speech that wasn’t just similar to the press conference Janet Yellen had endured only a week […]

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5.5 earthquake shakes Japan’s Fukushima & Miyagi regions

5.5 earthquake shakes Japan’s Fukushima & Miyagi regions © www.jma.go.jp A 5.5-magnitude earthquake has hit near the Fukushima prefecture in Japan, with residents of some 10 other prefectures feeling the tremor. The quake occurred off the northeast coast of Japan. No tsunami warning has been issued. The epicenter was near the Fukushima coastline, at a […]

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With US Warships En Route To Islands, China Asks: “What On Earth Makes Them Think We Will Tolerate This?”

With US Warships En Route To Islands, China Asks: “What On Earth Makes Them Think We Will Tolerate This?” The US is in a tough spot militarily. In Syria, Russia and Iran have taken advantage of the fact that the plan hatched by the West and its regional allies to destabilize the Assad regime took […]

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Inspired By Game Of Thrones, TEPCO Resumes Building “Ice Wall” Around Fukushima

Inspired By Game Of Thrones, TEPCO Resumes Building “Ice Wall” Around Fukushima 14 Months after abandoning the “Game of Thrones”-esque frozen-water-wall containment plan for Fukushima, Bloomberg reports that TEPCO expects to begin freezing a soil barrier by the end of the year to stop a torrent of water entering the wrecked Fukushima nuclear facility, moving a step closer to […]

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The Economist Rings Out Cognitive Dollar Dissonance

The Economist Rings Out Cognitive Dollar Dissonance Two years ago, prior to travelling to Sydney to present at the Annual Precious Metals Symposium, I prepared an article for the Gold Standard Institute Journal titled Cognitive Dollar Dissonance: Why a Global De-Leveraging Requires the De-Rating of the Dollar and the Remonetisation of Gold (see here). This article highlighted the growing […]

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“We Should Have Known Something Was Wrong”

“We Should Have Known Something Was Wrong” Remember when stuff such as the following was written exclusively on “conspiracy” tin-foil blogs by deranged lunatics who could not appreciate the brilliance of the neo-Keynesian system and central-planning by academics, in all its glory? Good times. Here is Bank of America’s Athanasios Vamvakidis channeling Tyler Durden circa […]

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Fukushima Kids Suffer Thyroid Cancer Up To 50x Normal Rate, New Study Finds

Fukushima Kids Suffer Thyroid Cancer Up To 50x Normal Rate, New Study Finds Children living near the Fukushima nuclear meltdowns have been diagnosed with thyroid cancer at a rate 20 to 50 times that of children elsewhere, according to a new study. As AP reports, most of the 370,000 children in Fukushima prefecture have been given ultrasound […]

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Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again

Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again Once again the corporatocracy wins as the so-called “Trojan horse” Trans-Pacific Partnership (TPP) trade agreement has been finalized. As WSJ reports, the U.S., Japan and 10 countries around the Pacific reached a historic accord Monday to lower trade barriers to goods and services and set commercial rules of the […]

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The World’s Never Seen Anything Like This

The World’s Never Seen Anything Like This The Fukushima Daiichi Nuclear Power Plant No. 2 nuclear reactor fuel is missing from the core containment vessel. (Source: Up to 100% of No. 2 Reactor Fuel May Have Melted, NHK World News, Sept. 25, 2015.) Where did it go? Nobody knows. Not only that but the “learning […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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