“We’re on the Verge of a Crisis” and Global Currency Wars Are Triggering It

Shtfplan In financial circles, it is widely acknowledged that the Federal Reserve was about to raise interest rates, but has since changed course and decided to hold firm. Why? Because currencies are tanking all across the globe, and a stronger dollar – a double-edged sword – is making export goods…
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Federal Reserve

Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

Zero Hedge A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that…
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The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

The Economic Collapse by Michael Snyder From the dawn of history, elites have always attempted to enslave ; Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of…
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“The Renminbi Hub”: Chinese Banks Acquire Stakes in US and Canadian Banks. Is There a Hidden Agenda?

Global Research By Bill Holter Very big news on the banking front, the Federal Reserve is now apparently allowing Chinese banks to take stakes in ; North of our border, Canada is contemplating becoming one of the many, recent, “renminbi hubs”.  Why would this be happening?  Why would it be happening now? First,…
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It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”

SHTFplan by Mac Slavo We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate…
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From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin

The Economic Collapse by Michael Snyder Mark this day on your ; The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at ; From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the…
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Can’t Find Any Inflation? Here’s A Place To Start

Zero Hedge Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are…
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How Will The Stock Market React To The End Of Quantitative Easing?

The Economic Collapse by Michael Snyder It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this ; Will this represent a major turning point for the stock market?  As you will see below, since 2008 stocks have risen dramatically throughout every stage…
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Does Anyone Else Think the Stock Market Is Living on Reds, Vitamin C and Cocaine?

Washington's Blog by Charles Hugh Smith This state of delusion would be amusing if it wasn’t so tragic. The stock market’s wild swings of sentiment have got me thinking it’s living on reds, vitamin C and ;This is a famous line from the Grateful Dead song Truckin’. I’ve marked up a…
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Economic Collapse

Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year

The Economic Collapse by Michael Snyder Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food ; Every single dollar in your wallet is constantly becoming less valuable because of the inflation the Fed systematically ; And if you try to build wealth by saving…
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Debt Slavery

Another Conspiracy Theory Becomes Fact: The Fed’s “Stealth Bailout” Of Foreign Banks Goes Mainstream

Zero Hedge Back in June 2011, Zero Hedge first posted: "Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went" which we followed up on various occasions, most notably with "How The Fed's Latest…
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Bankers

How Goldman Controls The New York Fed: 47.5 Hours Of “The Secret Goldman Sachs Tapes” Explain

Zero Hedge When nearly a year ago we reported about the case of "Goldman whistleblower" at the NY Fed, Carmen Segarra, who alleged she was wrongfully terminated after she flagged "numerous conflicts of interest and breaches of client ethics that she believed warranted a downgrade of Goldman's regulatory rating" and…
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Debt Slavery

U.S. National Debt Surges $1 Trillion In Just 12 Months … Meanwhile FOMC “Tweaks” Wording

The financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars. Nick Laird of Sharelynx has just reproduced his fascinating and timely chart showing the US debt limit, the actual US debt and the gold price all in one chart. From…
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Debt Slavery

How The Fed “Mysteriously” Eliminated $7 Trillion In US Debt

Zero Hedge Anyone looking at the Federal Reserve's own data set, that provided with the generous "free" funding of the US taxpayer by way of the St. Louis Fed's FRED database, will notice something quite welcome, if magical: total US debt held by the public - that which is not…
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Economic Collapse

The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

Zero Hedge Several months ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars.…
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Economic Collapse

Three Chart Alarm: The Fed Has Set-Up The Corporate Bond Market For A Big Fall

Contra Corner blog The three charts below , which appeared in the Wall Street Journal, are still another reminder that the Fed’s heedless fueling of the third financial bubble this century has done enormous damage to the internals of financial ; In this case, investors and savers being brutally punished by…
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Central Banks

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Moneynews Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen. That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. Grantham pulls no punches when assigning responsibility…
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Federal Reserve

Are The 12 Regional Banks Of The Fed Private Entities?

Related to a book that I’m writing in German, I was asking myself whether the 12 regional Federal Reserve banks are privately owned. The US Supreme Court, I found out, said this on January 3, 1928 in the case “United States Shipping Board Emergency Fleet Corporation v. Western Union Telegraph…
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Economic Collapse

The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In

Ellen Brown Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments…
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Central Banks

FOMC Minutes Show Fed Fears Investors Are Too Complacent; QE To End In October

Zero Hedge Having continued to taper, expressed no fear of inflation, and been nothing but confident that Q1 was nothing-but-weather at the press conference, the FOMC Minutes: *SOME FED OFFICIALS SAW INVESTORS AS TOO COMPLACENT ON RISKS *FED SAW INSUFFICIENT INVESTOR UNCERTAINTY ON ECONOMY, RATES *FOMC SEES QE ENDING WITH…
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Still Think The Fed Isn’t Fueling Inflation?

By Charles Hugh-Smith, OfTwoMinds blog Just as we can't eat iPods, we can't subsist on official reassurances that the Fed and inflation are both benign.   There is a great divergence between the conventional financial media and the public who goes to the supermarket: the financial media swallows whole the official…
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Federal Reserve

Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%”

Zero Hedge We are confused: on one hand the Fed is injecting hundreds of billions of liquidity into the market, boosting the S&P to all time highs and making the rich richer (Piketty taking Excel lessons from Rogoff notwithstanding) while the economy remains stagnant because, according to the BLS, inflation…
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Currency

The Great Deceiver — The Federal Reserve. The US Dollar’s Fragile Reserve Currency Status

The Daily Sheeple by Paul Craig Roberts and Dave Kranzler Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium with…
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Bad Government and Central Bank Policy Are the MAIN CA– USE of Runaway Inequality

Washington's Blog Thomas Piketty:  “Rock Star Economist” Pushes Inequality to the Forefront of Economic Discussion French economist Thomas Piketty’s book on inequality – Capital in the Twenty-First Century – has gone completely viral. Mainstream economists like Paul Krugman and Joseph Stiglitz endorse ;  So does Economist ; The Financial Times…
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It All Begins With This: U.S. Middle Class Is No Longer The World’s Richest

Zero Hedge Over five years ago, when we first dared to make the "bold" claim (a tangent of which now serves as the basis for bestselling books that paraphrase Karl Marx) that all Bernanke's idiotic assault on the average American, known as Quantitative Easing, would achieve, would be to crush…
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Economic Collapse

Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007

The Economic Collapse Blog by Michael Snyder The similarities between 2007 and 2014 continue to pile ; As you are about to see, home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be…
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Sorry, Fed Inflationistas: Technology Is Deflationary

Washington's Blog by Charles Hugh Smith Technology, like Nature itself, has no emotional stake in what is creatively destroyed. We all know the Federal Reserve is terrified of deflation, because they keep telling us that deflation is the equivalent of death and inflation is the equivalent of ;What they fail…
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It’s Time to Ditch the Consumer Price Index (CPI)

Washington's Blog by Charles Hugh Smith So why does the government maintain such a transparently inaccurate and misleading metric? For three reasons. That the official rate of inflation doesn’t reflect reality is obvious to anyone paying college tuition and healthcare out of ;The debate over the accuracy of the official…
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All The Presidents’ Bankers: The Hidden Alliances That Drive American Power

Zero Hedge The following is an excerpt from ALL THE PRESIDENTS’ BANKERS: The Hidden Alliances that Drive American Power by Nomi Prins (on sale April 8, 2014).  Reprinted with permission from Nation Books. Nomi Prins is a former managing director at Goldman Sachs. NIXON’S BANKERS: When What Was Good for…
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The Federal Reserve Seems Quite Serious About Tapering – So What Comes Next?

The Economic Collapse Blog by Michael Snyder Will this be the year when the Fed's quantitative easing program finally ends?  For a long time, many analysts were proclaiming that the Fed would never ; But then it started ; Then a lot of them started talking about how "the untaper"…
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Economic Warfare

Was The Price Of Ukraine’s “Liberation” The Handover Of Its Gold To The Fed?

Zero Hedge A curious story, and one which should be taken with a mine of salt, has surfaced out of the pro-Russian newspaper Iskra, which reports - so far on an entirely unsubstantiated basis - that last Friday, in a mysterious operation under the cover of night, Ukraine's gold reserves…
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In 2013 The Fed Bought 150% More Treasurys Than All Foreigners Combined

Zero Hedge Now that we have the full history of foreign Treasury purchases in 2013, we know the following: in December 2012 total US paper held by foreigners was $5, billion; one year later it rose to $ billion or a $221 billion increase. So how does this look in…
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No Janet Yellen, The Economy Is NOT “Getting Better”

The Economic Collapse Blog by Michael Snyder On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health".  This resulted…
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Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

End of the American Dream Michael Snyder The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global ; Lin, who is also a professor at Peking University, says that the dollar “is the root cause…
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The Fed’s Focus on the “Wealth Effect” Is Idiotic

Washington's Blog Fed Policy Has Benefited a Small Handful … But Not the Economy As a Whole We’ve repeatedly noted that the Fed’s main strategy has been to artificially blow bubbles in asset prices. And we’ve repeatedly pointed out that one of the Fed’s main goals is to boost the…
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What Links the Threat of a U.S. Default with the Destabilization of Ukraine?

Strategic Culture by Nikolai MALISHEVSKI At the Munich Security Conference the Ukrainian opposition and the essentially agreed on a plan to force Viktor Yanukovich to capitulate. Arseniy Yatsenyuk told of this plan of action, which was worked out with the direct participation of Western representatives, after a meeting with Secretary…
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Only Those Making $90,000 Or More Like the Federal Reserve

Washington's Blog People Less Well Off Don’t Like What Bernanke Has Done A new poll by Gallup finds that only those making over $90,000 a year like Ben Bernanke’s policies: A majority of Americans living in households with annual incomes of $90,000 or more, 54%, approve of Bernanke’s performance as…
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“Fed Has Fingers & Thumbs On The Scales Of Finance,” Grant Tells Santelli And It “Will End Badly”

ZeroHedge In a mere 140 seconds, Jim Grant explains to an almost stunned into silence Rick Santelli how we all "live in a valuation hall of mirrors" as the Fed manipulates everything. Thanks to it's "fingers and thumbs on the scales of finance," Grant continues, the Fed "insists on saving…
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FOMC Ignores EM Crisis, Tapers Another $10 Billion – December Statement Redline

Zero Hedge Consensus that the Fed would extend its $10bn taper from December with a further $10 bn taper today (reducing the monthly flow to a 'mere' $65 billion per month - $30bn MBS, $35bn TSY) was spot on. We suspect the view, despite the clear interconnectedness of markets (and…
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QE3 “Was The Only Iteration Of Fed Stimulus Which Did Not Increase Inflation Expectations”

Washington's Blog QE3 Has Failed Miserably Michael A. Gayed – chief investment strategist and co-portfolio manager at Pension Partners, LLC, and before that portfolio manager for a large international investment group – notes at MarketWatch: I have said this before, and it bears repeating, something is very wrong with this…
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