The measure agreed to near-unanimously by both right wings of the one-party state is all about transferring countless trillions of dollars from ordinary Americans to the nation’s privileged class.
Continue reading Handout or Bailout? Transferring Trillions to the Super-Rich via Covid-19 “Stimulus”Category Archives: Banking & Finance
Big Banks Call for Wall Street Deregulation to “Fight Coronavirus”
As Naomi Klein laid out in her bestseller “Shock Doctrine,” the wealthy elite use the confusion caused by economic and other disasters to quickly force through pro-free-market legislation.
Continue reading Big Banks Call for Wall Street Deregulation to “Fight Coronavirus”
Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?
A little known financial mechanism set up by the World Bank could be behind the decision not to declare the coronavirus a pandemic reports Whitney Webb.
Continue reading Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?
The Plan For A Global Dystopia
Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming increasingly linked.
Continue reading The Plan For A Global Dystopia
The Disaster of Negative Interest Rates
President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means.
Continue reading The Disaster of Negative Interest Rates
It’s a $1.5+ Trillion Bankers’ Bailout, the Rest is Just Pure Noise
It’s a daily dose of $75 billion bankers’ bailout until the 10th of October, and beyond. And if at the end of the day it doesn’t work, more worthless money printing is already in the pipeline.
Continue reading It’s a $1.5+ Trillion Bankers’ Bailout, the Rest is Just Pure Noise
‘Vaguely Troubling’: BIS Warns Of Disaster Re $17 Trillion Negative-Yield Debt
When the central bank for central banks publishes its quarterly review, the world should take note.
Continue reading ‘Vaguely Troubling’: BIS Warns Of Disaster Re $17 Trillion Negative-Yield Debt
Desperate Central Bankers Grab for More Power
Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves.
Continue reading Desperate Central Bankers Grab for More Power
Federal Reserve Intervenes with Massive Repo to Inject Cash into Money Markets
For the first time since 2008 the private central bank Federal Reserve has intervened in the money markets due to “unusually high demand for cash,” that sends borrowing costs soaring high, with massive $53 billion repo on Tuesday, and another $75 billion on Wednesday.
Continue reading Federal Reserve Intervenes with Massive Repo to Inject Cash into Money Markets
New World Order in Meltdown
Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix.
Continue reading New World Order in Meltdown
The World is Dedollarizing
What if tomorrow nobody but the United States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar. No longer the dollar’s foster child, the Euro. Continue reading The World is Dedollarizing
Central Banking is Central Planning
At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the young and are reflected in the promises of a good number of political candidates running for high office, there is one already-existing socialist institution in America with few opponents: the Federal Reserve System. Continue reading Central Banking is Central Planning
US Military Use IMF, World Bank as “Unconventional” Weapons
WASHINGTON – In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.” Continue reading US Military Use IMF, World Bank as “Unconventional” Weapons
Italian Gov’t Moves to Seize Reserves from Central Bank
Italy’s government is pushing ahead with new laws challenging the central bank’s control of the country’s reserves. Rome is calling for public ownership of the nation’s gold. Continue reading Italian Gov’t Moves to Seize Reserves from Central Bank
Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes
WASHINGTON — Israel’s three largest banks — Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank — have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes. Continue reading Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes
Venezuelan Supreme Court Fights Back Deep State Regime Change
The Maduro government is imperfect. The Venezuelans are just like the Americans, and the rest of the global population. They can easily be manipulated through economic pressures, and black propaganda. Fortunately for the Venezuelans, their Supreme Court is standing up to the developing Deep State incursions into their domestic affairs. Continue reading Venezuelan Supreme Court Fights Back Deep State Regime Change
Obama Appointed WB President Jim Yong Kim Abruptly Resigns, Here's why
The Obama appointed World Bank President Jim Yong Kim has announced his early retirement to make way for a Trump appointed CEO in The Bank. There’s a deeper, behind the scenes maneuvering in the world’s financial sector that is shifting paradigms and people across various organizations. Continue reading Obama Appointed WB President Jim Yong Kim Abruptly Resigns, Here's why
Resistance vs. Washington’s Silent Weapon for Not-so-Quiet Wars
Today by far the deadliest weapon of mass destruction in Washington’s arsenal lies not with the Pentagon or its traditional killing machines. It’s de facto a silent weapon: the ability of Washington to control the global supply of money, of dollars, through actions of the privately-owned Federal Reserve in coordination with the US Treasury and select Wall Street financial groups. Continue reading Resistance vs. Washington’s Silent Weapon for Not-so-Quiet Wars
What Trade War Truce? Stock Markets Crash as Canada Arrests Huawei CFO
True to its two-faced character, the Deep State controlled Canada took a bold step of arresting Chinese Huawei CFO Wanzhou Meng, while the other wing of the Deep State is supposedly suing a “trade truce” with China in the aftermath of the recently concluded G20 Summit in Argentina, that would postpone tariffs on at least $200 billion Chinese imports into the US. Continue reading What Trade War Truce? Stock Markets Crash as Canada Arrests Huawei CFO
For Russia, Change Comes SWIFTly
During the Ruble crisis of 2014/15, Russia announced in the wake of U.S. and European sanctions over reunifying with Crimea that it would begin building a domestic electronic financial transfer system, an alternative to SWIFT. Continue reading For Russia, Change Comes SWIFTly
Billions Missing from Frozen Gaddafi Accounts in Belgium
Prosecutors are investigating whether Belgian banks paid out interest and dividends on accounts frozen under UN sanctions in 2011 after the ouster of the Libyan leader Muammar Gaddafi. Continue reading Billions Missing from Frozen Gaddafi Accounts in Belgium
Cyber Risks, the Achilles’ Heel of Cashless Economies
Newspapers around the globe are telling us that contactless payments are thriving, cash is rapidly disappearing and cashless society is practically around the corner. Continue reading Cyber Risks, the Achilles’ Heel of Cashless Economies
The Final Demise of Dollar Hegemony?
Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, alias the US of A, against friends of their enemies. The absurdity seems endless and escalating – exponentially, as if there was a deadline to collapse the world. Looks like a last-ditch effort to bring down international trade in favor of — what? – Make America Great Again? – Prepare for US mid-term elections? – Rally the people behind an illusion? – Or what? Continue reading The Final Demise of Dollar Hegemony?
Economic Contagion? Central Banks Are the Real Culprit
The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the nation of Turkey that is being called a potential trigger for a fiscal domino effect spreading through multiple countries. Continue reading Economic Contagion? Central Banks Are the Real Culprit
US Sanctions Continue to Backfire
In another slap in the face against US hegemony, China just opened up a $10 billion credit line for Iran. This means that, while the US Congress was forced to raise the debt ceiling again, this time way beyond the $20 trillion mark, the Eastern Alliance member countries are moving ahead with the massive Eurasian project known as the One Belt One Road revival of the ancient Silk Road. Continue reading US Sanctions Continue to Backfire
How Capitalist Central Banks Have Been Creating the Next Financial Crisis
As central bankers, finance ministers, and government policy makers head off to their annual gathering at Jackson Hole, Wyoming, this August, 24-26, 2017, the key topic is whether the leading central banks in North America and Europe will continue to raise interest rates this year. Continue reading How Capitalist Central Banks Have Been Creating the Next Financial Crisis
Petrodollar Faces Growing Threat with Payments in Gold across Asia
Reuters reported, a week ago, that Russia’s Sberbank has begun trading in gold at the Shanghai exchange. This is both a retaliatory move against those who continue to wage an economic war through a broad, extended economic sanction against the federation, and as a long term measure against global terrorism, aka Khazarian Mafia. Continue reading Petrodollar Faces Growing Threat with Payments in Gold across Asia
The European Central Bank Switched to Chinese Yuan for the first time!
In what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar? Continue reading The European Central Bank Switched to Chinese Yuan for the first time!
Start of BRICS Gold-Backed Trade Pushing Deep State Desperation at All-Time High
It appears that the real reason why Trump capitulated to the Deep State so quickly is the final BRICS leadership’s decision to start the dumping of the fiat dollar in matters of mutual trade and economic cooperation between the BRICS member countries. Continue reading Start of BRICS Gold-Backed Trade Pushing Deep State Desperation at All-Time High
The Banking Secret that neither Economists nor Laypeople Know | G. Washington
One of the most successful use of esoteric arts is the creation of the perception of wealth that we know today as money. Everybody falls for it. Continue reading The Banking Secret that neither Economists nor Laypeople Know | G. Washington