The global market volatility of the past month that sent U.S. stocks to their worst quarter in four years shows no signs of letting up just because the calendar turned to October. Investors say they are bracing for another leg down in the S&P 500 stock index despite its positive showing last week by increasing cash and other defensive positions …
WILLIAM EDSTROM – Waiting for Collapse: USA Debt Bombs Bursting
It’s been so easy the past 15 years for local governments in the USA, state governments, government authorities, corporations, banks, hedge funds and the US Federal government to simply say how many millions, billions or trillions of dollars they wanted, pay some high priced call accountants to fill out some paperwork with fine print and voila, millions, billions and trillions …
Charles Hugh Smith – Is the Stock Market Now “Too Big to Fail”?
Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy to be allowed to fail, i.e. decline 40+% as in previous bubble bursts. The U.S. stock market is integral to the global financial system in two ways.Now that investment banks, …
Mahdi Darius Nazemroaya – Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan
The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street. Fearing the eclipsing of the US …
ZERO HEDGE – It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumpeda record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once. We followed all of this up this …
Matthias Chang – The US King Dollar Has No Clothes. America’s “Toilet Paper Money”
The conventional wisdom is that no other currency in the world can support the global bond market save the US$ Toilet Paper Money. Therefore, we cannot do without the US$ toilet paper money! The so-called experts in economics, including the Nobel Laureates are always reciting the mantra of the global central banks led by the FED and the Bank of …
Bill Holter – The Quadrillion Dollar Derivative Debt and the “Bail-in”: When you Deposit Funds in a Bank, it Becomes “Their Money”
The world is awash with “promises”. Nearly everything we think of as having “value” is because of a promise behind it. A few examples; your bank accounts, retirement funds, bonds and even the dollar bills in your pocket. Your bank account for example, once you deposit the money it is no longer yours. You can argue this if you wish …
Senate Bill May Kick 200,000 Off Social Security If They Have Arrest Warrant By Steven Rosenfeld
The large transportation funding bill moving through the Senate would end Social Security benefits for 200,000 people who have an outstanding felony arrest warrant—but have never been convicted by a court, or have a warrant for violating probation or parole, according to disability rights advocates tracking the legislation. The proposal, which surfaced late Tuesday, is at odds with recent Republican statements [3] on …
Crying Wolf? Impending Global Financial Collapse Will Change the World Order By Bill Holter
Worse than any disease or even leprosy, anyone spouting Austrian economics or even “common sense” (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, “theory after theory” has become fact after FACT afterFACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a …
Industrial Agriculture Is a Threat to World Food Supply – MARK KARLIN
Bigger is not always better. As Wall Street banks and big box stores such as Walmart have shown, bigger is often worse. The list of industries that have consolidated into national and global cartels is long and growing, and so is their collateral damage. In general, this trend – accelerated by trade agreements such as the proposed Trans-Pacific Partnership – …