Today, our bought and paid for Senators endorsed Stanley Fischer to be Vice Chair directly in line behind Janet Yellen. Basically, when Yellen is taken out for incompetence Fischer will be placed in her spot. Why is it being done this way? …because Fischer could not have gotten the nod from Congress to be the Chairman as a standalone candidate even though he calls all the shots already!!!
Our objective with these reports was primarily to continue the exposure of the withholding of the World Global Settlements (WGS) funds, the Wanta Funds, the CMKX debacle and the various other financial frauds perpetrated by the cabal on well meaning individuals.
The primary focus was to let the cabal know that we KNEW and also to connect some dots for others (law enforcement, world leaders, etc) in the optimistic sense that they would respond in some positive way. Informing the general public at large was secondary to the main objective.
Specifically, the Financial Times’ Martin Wolf – one of the world’s most influential mainstream financial writers - says that, since banks create money out of thin air, they should be stripped of this power, and limited to normal depository functions.
Wolf indicates the centrality and importance of the issue with his subtitle:
The giant hole at the heart of our market economies needs to be plugged.
What those living behind what I call the 'CNN Curtain' in America, a population that represents 5% of the world's population miss, is that the other 95% has been busy these past 15 years (post China entering the World Trade Organization) inventing a post-America future.
Living behind the CNN curtain means that 330 million Americans are gradually seceding from the rest of the world - that is now happily moving on - creating their own financial system, their own culture, their own destiny.
As the majority of the world and other sites and analyst’s are calling for an overthrow of the western banking system by the BRICS countries, this site is proposing that the western and emerging eastern systems are both controlled by the same unified banking interests, as represented by The Bank for International Settlements.
The propagated divisions are only illusionary and small figments of a larger centralization process where a multilateral financial system will be implemented.
In light of the Chinese demand we discussed earlier, the ongoing manipulation of 'rigged' markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold.
From historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty has given the yellow metal a "new luster in the world of high finance;" valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years.
Economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence.
In the anemic “recovery” of 2009 – 2013, the DJIA gained an average of 2,500 points per year. While the Fed rigged the 1990s Bull Market with low interest rates and other policies, it pulled out all the stops in the last five years
Why would China and other countries take on the risk of this debt? Simple, it’s economic reset or economic collapse. Its in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.
"The more worrying point is that, if you don't have the fixing, what do you have? There's a lot of contractual business done on the gold fix, and if you've got no basis for where the price is, someone is going to lose out."
Well considering that the fixing process over the years was manipulation pure and simple, those who will lose out are the... manipulators? it would seem rather logical.
We reached out to BOLI expert, Michael D. Myers, to understand what JPMorgan’s $10.4 billion in BOLI assets at its commercial bank might represent in terms of face amount of life insurance on its workers. Myers said: “Without knowing the length of the investment or its rate of return, it is difficult to estimate the face amount of the insurance coverage. However, a cash value of $10.4 billion could easily translate into more than $100 billion in actual insurance coverage and possibly two or three times that amount” said Myers, a partner in the Houston, Texas law firm McClanahan Myers Espey, L.L.P.
For years, the suspicion that Mr. Putin has a secret fortune has intrigued scholars, industry analysts, opposition figures, journalists and intelligence agencies but defied their efforts to uncover it.
Numbers are thrown around suggesting that Putin may control $40 billion or even $70 billion, in theory making him not only the richest head of state in world history but possibly the richest man alive in the world today, period.
Now, the quest to track down, and isolate, Putin's billions launches in earnest.
The gold reserve Ukraine still possesses is the gold of the ancient Scythians, or in Russian: Skiffs. From the 10th to 3rd century b.c., and possibly much longer before that, the Great Scythia occupied most of Eurasia.
Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago.
Once the deal concludes, Li will no longer have any major property investments in mainland China.
This isn’t a person who became wealthy by being flippant and scared. So what does he see that nobody else seems to be paying much attention to?
Very soon, the IMF will cease to be the world's only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve pool and a development bank.
"The IMF's Board of Governors conducts general quota reviews at regular intervals (usually every five years). Any changes in quotas must be approved by an 85 percent majority of the total voting power, and a member’s quota cannot be changed without its consent."
So changes require an 85% vote, but here is the rub...
...The US controls 16.75% of the votes, so it is impossible (under the current rules) to reach an 85% vote for change unless the US votes for it. This gives the US veto power over any changes, and the current geopolitical situation has been engineered to make it look like America is standing in the way of changes that would give the BRICS and other smaller countries more of a say in the organization.
It was almost excatly five years ago to the day, on April 10, 2009, that Zero Hedge - widely mocked at the time by "experts" - began its crusade against HFT and the perils of algorithmic trading (which of course were validated a year later with the Flash Crash).
In the interim period we wrote hundreds if not thousands of articles discussing and explaining the pernicious, parasitic and destabilizing role HFT plays in modern market topology, and how with every passing day, markets are becoming increasingly more brittle, illiquid and, in one word, broken. Or, as Michael Lewis put it most succinctly, "rigged." With Lewis' appearance last night on 60 Minutes to promote his book Flash Boys, and to finally expose the HFT scourge for all to see, we consider our crusade against HFT finished.
At this point it is up to the general population to decide if this season's participants on Dancing with the Stars or the fate of Honet Boo Boo is more important than having fair and unrigged markets (obviously, we know the answer).
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