Category Archives: Banking & Finance

Large Deposits at Banks are No Longer Money

Here’s the inconvenient details about the new G20 directive for those who have big deposits in their favorite banks.

Russell Napier Declares November 16, 2014 The Day Money Dies

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China opens up $4.2tn stock market to world via Hong Kong

Published time: November 17, 2014 15:17

Hong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong (L) and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong Kong November 17, 2014.(Reuters / Bobby Yip)
Hong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong (L) and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong Kong November 17, 2014.(Reuters / Bobby Yip)

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JPMorgan Acts as Fed’s $1.7 Trillion QE Custodian Despite its Crimes

Here’s another proof that these bankers are beyond the laws of the land, or so they thought. Although Alan Greenspan would like to twist his aged claim that the Fed is beyond accountability.

The New York Fed Has Contracted JPMorgan to Hold Over $1.7 Trillion of its QE Bonds Despite Two Felony Counts and Serial Charges of Crimes

By Pam Martens and Russ Martens: November 3, 2014

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How The Petrodollar Quietly Died

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Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.

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