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Tag Archives: central banks
Free Financial Markets Are A Hoax
Free Financial Markets Are A Hoax There are no free financial markets in America, or for that matter anywhere in the Western word, and few, if any, free markets of any other kind. The financial markets are rigged by the big banks, the Federal Reserve, and the Treasury in the interests of the profits of […]
An Insane Financial World
An Insane Financial World We know that most western governments are deficit spending, borrowing heavily, in debt beyond the point of no return and must increase taxes and appropriations from their citizens. We know that politicians will take the politically expedient path instead of addressing financial problems. We know they will “extend and pretend,” delay, […]
“War is just a Racket”: Memorial Day Is A Hoax. “Our Soldiers Died for the Profits of the Bankers”
“War is just a Racket”: Memorial Day Is A Hoax. “Our Soldiers Died for the Profits of the Bankers” Memorial Day commemorates soldiers killed in war. We are told that the war dead died for us and our freedom. US Marine General Smedley Butler challenged this view. He said that our soldiers died for the […]
“It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control”
“It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control” We’re all about to be taken to the woodshed, warns David Stockman in this excellent interview. The huge wealth disparity is “not because of some flaw in capitalism, or Reagan tax cuts, or even the greed of Wall Street; the problem is central […]
OPEC Struggling To Keep Up The Pace In Oil Price War
OPEC Struggling To Keep Up The Pace In Oil Price War Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted that global demand outstripped supply […]
4 Factors Signaling Volatility Will Return With A Vengeance
4 Factors Signaling Volatility Will Return With A Vengeance Buckle up. It’s going to get bumpy. No one could have predicted the sheer scope of global monetary policy bolstering the private banking and trading system. Yet, here we were – ensconced in the seventh year of capital markets being buoyed by coordinated government and central […]
David Stockman Interview——-Kick-The-Can Economics Is Entering The End Game
David Stockman Interview——-Kick-The-Can Economics Is Entering The End Game Today David Stockman, the man President Ronald Reagan called upon along with Dr. Paul Craig Roberts to help save the United States from disaster in 1981, warned King World News that we are now entering the “terminal phase” of the global financial system that will end in total collapse. Eric […]
Leading German Keynesian Economist Calls For Cash Ban
Leading German Keynesian Economist Calls For Cash Ban It’s official: the world has gone central-planner crazy. Monetary policy, whether in the form of “conventional” methods such as the micromanagement of policy rates or so-called “unconventional” measures such as QE, has proven utterly ineffective when it comes to both “smoothing out” the business cycle and reigniting […]
The trouble with cash
The trouble with cash When interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions (such as Switzerland, Denmark and Sweden) are even charging customers interest on cash and deposits. And if you go to your bank and withdraw large amounts in […]
The Central Problem with Central Banks: They Become the Greater Fools/Bag-Holders
The Central Problem with Central Banks: They Become the Greater Fools/Bag-Holders Those who are confident the central banks can print unlimited money may find there are political and financial consequences to such extremes that cannot be foreseen. The central problem with central banks is their mandate now includes propping up all asset markets globally. Back in […]
A Portrait of the Classical Gold Standard
A Portrait of the Classical Gold Standard “The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,” wrote the economist Cecil Hirsch in his June 1934 review of R.W. Hawtrey’s classic, The Art of Central Banking (1933). Hirsch bemoaned the loss of the far-sighted restraint that had once prevailed among the “bankers’ […]
The Goldilocks Illusion
The Goldilocks Illusion Why Market Participants Liked the Payrolls Report Some people have wondered why the stock market reacted with such a big rally to last Friday’s payrolls data. After all, the report wasn’t much to write home about, especially if one ponders the details. In addition, the already weak March payrolls data were revised lower […]
Why The Powers That Be Are Pushing A Cashless Society
Why The Powers That Be Are Pushing A Cashless Society We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them Martin Armstrong summarizes the headway being made to ban cash, and argues that the goal of those pushing a cashless society is to prevent bank runs … and increase their control: The […]
HFT, inept regulators & Fed distortion = more flash crashes
HFT, inept regulators & Fed distortion = more flash crashes As luck would have it, we had Joe Saluzzi lined up to record a podcast the day the news broke recently that the suspected culprit for the 2010 flash crash, Navinder Singh Sarao, had been arrested. Saluzzi is co-founder of Themis Trading LLC, long-time cautionary on the […]
When the Herd Turns
When the Herd Turns Once market participants realize the top is in and the only possible result from here on is a loss, the herd will turn and follow the leaders who are selling. A funny thing happens when the stock market herd turns–all the usual central bank tricks no longer push the markets higher. […]
