Paul Craig Roberts: Washington Signals Dollar Deep Concerns!

• Paul Craig Roberts: Washington Signals Dollar Deep Concerns! 
  by http://www.paulcraigroberts.org/ 
  Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).
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  Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.
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  Quantitative Easing has been underway since December 2008.  During these 54 months, the Federal Reserve has created several trillion new dollars with which the Fed has monetized the same amount of debt.
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  One result of this policy is that most real US interest rates are negative. Another result is that the supply of dollars has outstripped the world’s demand for dollars.
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  These two results are the reason that the Federal Reserve’s policy of printing money with which to purchase Treasury bonds and mortgage backed derivatives threatens the dollar’s exchange value and, thus, the dollar’s role as world reserve currency.
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  To be the world reserve currency means that the dollar can be used to pay any and every country’s oil bills and trade deficit. The dollar is the medium of international payment.
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  This is very helpful to the US and is the main source of US power.  Because the dollar is the reserve currency, the US can cover its import costs and pay for its cost of operation simply by creating its own paper money.
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  If the dollar were not the reserve currency, Washington would not be able to finance its wars or continue to run large trade and budget deficits.  Therefore, protecting the exchange value of the dollar is Washington’s prime concern if it is to remain a superpower.
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  The threats to the dollar are alternative monies–currencies that are not being created in enormous quantities, gold and silver, and Bitcoins, a digital currency.
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  The Bitcoin threat was eliminated on May 17 when the Gestapo Department of Homeland Security seized Bitcoin’s accounts. The excuse was that Bitcoin had failed to register in keeping with the US Treasury’s anti-money laundering requirements.
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  Washington has stifled the threat from other currencies by convincing other large currencies to out-print the dollar.  Japan has complied, and the European Central Bank, though somewhat constrained by Germany, has entered the printing mode in order to bail out the private banks endangered by the “sovereign debt crisis.”
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  That leaves gold and silver. The enormous increase in the prices of gold and silver over the last decade convinced Washington that there are a number of miscreants who do not trust the dollar and whose numbers must not be permitted to increase.
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Freedom Betrayed: Herbert Hoover’s Secret History of the Second World War and Its Aftermath!

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The Korean Atrocity: Forgotten US War Crimes and Crimes Against Humanity!

• The Korean Atrocity: Forgotten US War Crimes and Crimes against Humanity! 
  by Yves Engler, http://www.globalresearch.ca/ 
  … After the Communists took control of China in 1949 the US tried to encircle the country. They supported Chiang Kai-shek in Taiwan, built military bases in Japan and backed a right-wing dictator in Thailand. One of Washington’s early objectives in Vietnam was to “establish a pro-Western state on China’s southern periphery.” The success of China’s nationalist revolution also spurred the 1950-53 Korean War in which eight Canadian warships and 27,000 Canadian troops participated. The war left as many as four million dead.
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  At the end of World War II the Soviets occupied the northern part of Korea, which borders Russia. US troops controlled the southern part of the country. A year into the occupation, a cable to Ottawa from Canadian diplomats in Washington, Ralph Collins and Herbert Norman, reported on the private perceptions of US officials: “[There is] no evidence of the three Russian trained Korean divisions which have been reported on various occasions … there seems to be a fair amount of popular support for the Russian authorities in northern Korea, and the Russian accusations against the conservative character of the United States occupation in civilian Korea had a certain amount of justification, although the situation was improving somewhat. There had been a fair amount of repression by the Military Government of left-wing groups, and liberal social legislation had been definitely resisted.”
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  Noam Chomsky provides a more dramatic description of the situation: “When US forces entered Korea in 1945, they dispersed the local popular government, consisting primarily of antifascists who resisted the Japanese, and inaugurated a brutal repression, using Japanese fascist police and Koreans who had collaborated with them during the Japanese occupation. About 100,000 people were murdered in South Korea prior to what we call the Korean War, including 30-40,000 killed during the suppression of a peasant revolt in one small region, Cheju Island.”
  ….
  The official story is that the Korean War began when the Soviet-backed North invaded the South on June 25, 1950. The US then came to the South’s aid. As is the case with most official US history the story is incomplete, if not downright false. Korea: Division, Reunification, and US foreign Policy notes: “The best explanation of what happened on June 25 is that Syngman Rhee deliberately initiated the fighting and then successfully blamed the North. The North, eagerly waiting for provocation, took advantage of the southern attack and, without incitement by the Soviet Union, launched its own strike with the objective of capturing Seoul. Then a massive U.S. intervention followed.”
  …
  Two million North Korean civilians, 500,000 North Korean soldiers, one million Chinese soldiers, one million South Korean civilians, ten thousand South Korean soldiers and 95,000 UN soldiers (516 Canadians) died in the war. The fighting on the ground was ferocious as was the UN air campaign. US General MacArthur instructed his bombers “to destroy every means of communication and every installation, factory, city and village” in North Korea except for hydroelectric plants and the city of Rashin, which bordered China and the Soviet Union, respectively.
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  A New York Times reporter, George Barrett, described the scene in a North Korean village after it was captured by UN forces in February 1951:“A napalm raid hit the village three or four days ago when the Chinese were holding up the advance, and nowhere in the village have they buried the dead because there is nobody left to do so. This correspondent came across one old women, the only one who seemed to be left alive, dazedly hanging up some clothes in a blackened courtyard filled with the bodies of four members of her family. The inhabitants throughout the village and in the fields were caught and killed and kept the exact postures they had held when the napalm struck — a man about to get on his bicycle, fifty boys and girls playing in an orphanage, a housewife strangely unmarked, holding in her hand a page torn from a Sears Roebuck catalogue crayoned at Mail Order No. 3,811,294 for a $2.98 ‘bewitching bed jacket — coral.’ There must be almost two hundred dead in the tiny hamlet.”
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  Canadian troops denigrated the “yellow horde” of North Korean and Chinese “chinks” they fought. One Canadian colonel wrote about the importance of defensive positions to “kill at will the hordes that rush the positions.” A pro-military book notes dryly that “some [soldiers] allowed their Western prejudices to develop into open contempt for the Korean people.”
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  Cold War Canada summarizes the incredible violence unleashed by UN forces in Korea: “The monstrous effects on Korean civilians of the methods of warfare adopted by the United Nations — the blanket fire bombing of North Korean cities, the destruction of dams and the resulting devastation of the food supply and an unremitting aerial bombardment more intensive than anything experienced during the Second World War. At one point the Americans gave up bombing targets in the North when their intelligence reported that there were no more buildings over one story high left standing in the entire country … the overall death toll was staggering: possibly as many as four million people. About three million were civilians (one out of every ten Koreans). Even to a world that had just begun to recover from the vast devastation of the Second World War, Korea was a man-made hell with a place among the most violent excesses of the 20th century.”

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GEAB N°75: Systemic Crisis 2013 – with Record Stock Exchange Highs, the Planet’s Imminent Plunge into Recession!

Global Leading Indicator (GLI), growth and acceleration. Source : Goldman Sachs.

• GEAB N°75 is available! Systemic crisis 2013: with record stock exchange highs, the planet’s imminent plunge into recession! 
  by http://www.leap2020.eu/
  Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. Whilst some seem dictated by desperation or last chance solutions, others on the contrary bear witness to a real adaptation to the world’s current changes. And it’s no surprise that, in the first category, we find the “powers of the world before” which no longer have any real options.
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  Layout of the full article :
  1. World recession in sight
  2. The banks’ doubtful business
  3. Tax haven all hell
  4. Neo-protectionism between regional blocs
  5. Emerging nations’ strategy in gold
  6. The Fed’s last bullets
  7. Euroland : national unity governments and the ECB to the rescue
  8. High risk strategies
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  This public announcement contains chapters 1, 2 and 5.
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  World recession in sight
  In fact several signals show that a reversal in the economic situation is imminent. Indeed the term “reversal” isn’t very fitting since the real economy has never really recovered from the 2008 shock: it is, therefore, rather a worsening which we will see.
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  There is no shortage of indices for that. Europe is already in recession. Exports from China, often considered “the workshop of the world”, are falling heavily (see chart below) and the benchmark signals are contracting or slowing down dangerously (1) with, additionally, a major credit bubble (2).
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  Australia, which gives a good indication of the world economy’s health due to its exposure to raw materials, is struggling (3). Consumers are also marking time. US wholesale (4) and retail sales are on the decline.
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  The majority of US benchmark indices are swinging into the red, for example the Chicago PMI index (5), as well as the Goldman Sachs global index (see chart below).
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  In short, a world recession is on the horizon (6). To protect themselves from its impact, the different players, beginning with the banks, use different strategies which we will now analyse.
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  The bank’s doubtful business
  It goes without saying that the financial sector is hardly a model of transparency. But with JP Morgan or Bank of America which “miraculously” succeeded in not having a single day of first quarter trading losses (7), or further, JP Morgan’s gold reserves which have mysteriously emptied (8) whereas by a strange coincidence we saw a crash in the gold price in mid-April, without even mentioning the variety of manipulations effected by the top-tier banks, first and foremost JP Morgan (9) and others as well (10); these shady operations going increasingly unnoticed.
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  Nevertheless, all the banks know that a new storm is on the horizon and are using all the means at their disposal (more or less legal) to shelter themselves, and anything goes, including between the banks themselves. It’s in this light that it’s necessary to look at the various banks’ amazing first quarter balance sheets making it possible to draw in investors, or at least to defer the debacle, or the mid-April crash in the gold price clearly caused by one or more of these financial institutions.
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  These rough battles in the middle of a full economic upheaval will leave their mark and the weakest or most affected banks will not come through the storm undamaged, especially as the financial centres are now facing a new adversary, countries themselves.
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Retail sales in the US, 2005-2013. Source: Bloomberg.

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Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical !

Consumers cram in a gold jewellery shop in Nanjing, capital of east China’s Jiangsu Province, April 18, 2013. Gold jewellery shops through China have lowered price of gold jewellery due to the consecutive decline of gold price global markets recently, which boost sales in these shops. (Xinhua)

• Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical ! 
  by Tyler Durden, www.zerohedge.com
  We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the “more stable investor base” is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water shoes and come directly from the market…;” in Australia, “the volume of business… is way in excess of double what we did last week,… there’s been people running through the gate,” and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal. The panic selling by a weaker ‘imminent inflation-based’ investor base has sparked physical shortages – “there’s been significant sales made as people see this as great value.” It seems our previous discussions of a rotation from paper to physical were correct and this physical demand will eventually leak back into the paper markets.
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  Australia (via The Age): 
  Gold sales from Perth Mint, which refines nearly all of the nation’s bullion, have surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.
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  “The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said, without giving precise figures. “There’s been people running through the gate.”
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  “There’s been significant sales made as people see this as great value,” Mr Moffatt said. “Gold owners are very reactive to significant market movements.”
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  The Perth Mint’s sales of gold coins climbed 49 per cent to 97,541 ounces in the three months ended March 31 from a year earlier
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  China (via China News):
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US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing!

• The endgame is a global economic, financial and currency collapse and WW3! The Anglo-American western Illuminati will not allow any nation to threaten their global currency hegemony. Out of this coming global meltdown, the Illuminists will launch their Luciferian New World Order, World Government, Global Supra-National Central Bank, One World Currency backed by gold –> ’666′!
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• US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing! 
  by Matthias Chang, http://www.globalresearch.ca/
  US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turnaround the US economy. These huge amounts of US$ toilet paper are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan.
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  If truth be told, the real value of the US$ would not be more than a dime and I am being really generous here, as even toilet paper has a value.
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  That the US dollar is still accepted in the financial markets (specifically by central banks) has nothing to do with it being a reserve currency, but rather that the US$ is backed/supported by the armed might and nuclear blackmail of the US Military-Industrial Complex. The nuclear blackmail of Iran is the best example following Iran’s decision to trade her crude in other currencies and gold instead of the US$ toilet paper.
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  If  the United States were not a military threat and a global bully that can blackmail with impunity the oil exporting countries in the Middle East, the global financial system which hinges on the US$ toilet paper would have collapsed a long time ago.
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  The issue is why has the US$ not collapsed as it should have by now? When we apply common sense and logic to the state of affairs, the answer is so simple and it is staring at you.
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  But, you have not been able to see the obvious because the global mass media, specifically the global financial mass media controlled mainly from London and New York, has created a smokescreen to hide the truth from you. Let’s analyse the situation in a step by step manner, and apply common sense.
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  1. The US is the world’s biggest debtor. The biggest creditors are China and Japan, followed by the oil exporting countries in the Middle East. With each passing day, the value of the US$ toilet paper is worth less and less. Like I said earlier, even toilet paper has some intrinsic value. It reaches zero value when everyone has to carry a wheelbarrow of US$ to purchase anything.
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  2. For the US$ toilet paper creditors, they cannot admit the fact that they have been conned by the global Too Big To Fail Banks (TBTFs) acting in concert with the FED and the Bank of England to accept US$ toilet papers. The central bankers of these countries have a reputation to preserve (not that there is in fact any reputation, for their so-called financial credibility is also part of the scam) and the political leaders that relied on them is in a bigger bind. How can the political leaders be so very stupid to trust these central bankers (who have stashed away in foreign tax havens huge US$ toilet papers as a reward for their complicity). This is the current state of affairs in plain English. They are having sleepless nights worrying if and when the citizens would wise up to this biggest con in history i.e. the promotion and acceptance of fiat currencies, the US$ being the ultimate fiat currency.
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  3. The global financial elites led by the FED know that this state of affairs is to their advantage and they are exploiting it to the hilt! They also know that no country or organisation has the military resources to threaten the US to stop this global ponzi scheme which has been going on since 1945 and intensified since 1971 when President Nixon de-coupled the US$ from gold. The pound sterling is another story but, it is not relevant for the purposes of this analysis.
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  4. Additionally, and as a result of the above-stated scam, countries were led to believe and to accept the false economic theory that export generated growth (GDP) should be the foundation of economic development, as the United States having limitless US$ toilet paper has the ability and the means to purchase the global exports, it being the largest consumer market in the world. In the result, the world’s factories and their workers, including those in the developed world such as France and Germany worked their butts off to be rewarded with US$ toilet paper whose value is less than the paper and ink that produce it! The financial frolic went on for more than forty years and came to an abrupt and foreseeable end in the 2008 global financial tsunami.
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Click on image for article!

“They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.

“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” - Ron Paul

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Japanese Bond Market as New Fukushima!

Source: http://www.zerohedge.com

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Egon von Greyerz: The Move To Global Hyperinflation Is Now Accelerating!

Feel fee to wipe your ass with it !

• The Move To Global Hyperinflation Is Now Accelerating! 
  by www.kingworldnews.com
  Today Egon von Greyerz told King World News there are extremely clear signs that the move to global hyperinflation is now accelerating.  Greyerz had some incredible economic numbers that illustrated the coming hyperinflation.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview. 
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  Greyerz: “Eric, I’m looking at the disconnect in the world and it’s becoming more exacerbated.  Let’s look at some examples:  Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects.  Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China.  None of these countries have a booming economy.  What they have is massive debt and accelerating deficits.
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  The Baltic Dry Index is around 900, and is another indicator of the disconnect.  The peak of the Baltic Dry Index was around 11,000 about 5 years ago.  This shows you what is really happening with global trade and economic activity….
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  “The shipping index hasn’t shown any signs of an upturn in the last year.  It trades about 90% lower than it was five years ago.  If we look at Japan, the yen is down 30% in the last year, and the Nikkei is up 70% since November. 
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  As we know, government debt in Japan is 200% of GDP which is the highest in the world.  Total debt in Japan is around 500% of GDP and it’s accelerating.  The Japanese bond market is also a disaster and will only get worse.  Eventually Japanese bonds will become worthless.
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We will all be trillionaires but can’t afford breakfast !

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Disappearing Gold Inventories, Financial Collapse & The FedRes!

• Disappearing Gold Inventories, Financial Collapse & The FedRes! 
  by www.kingworldnews.com
  Today outspoken Hong Kong hedge fund manager William Kaye spoke with King World News about disappearing gold inventories, financial destruction and the Fed.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions and who is the founder of Pacific Group, had this to say in part I of an extraordinary written interview series which will be released today.
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  Kaye: “Stocks in our opinion have been driven higher by all of this cocaine from the Fed and the other central banks.  So we live in this financial Potemkin village in which stocks are overpriced.  I can’t give you a date as to when they will collapse, but I can tell you with great certainty that they will.
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  Bonds are widely overpriced with the obvious reason that the Fed itself is 70% of the US Treasury market.  So stocks and bonds are overpriced and everyone is printing money.  Just in the last week the ECB lowered rates and told you in the narrative they would lower them further….
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Lindsey Williams: The New World Order is in It’s Final Formation! The Coming Collapse of ALL Currencies!

• Broadcast on 6 May 2013, End Time Talk Radio show!
  http://www.lindseywilliams.net/
  Lindsey Williams on End Time Talk Radio speaking with Barry Meyer in May 2013. Pastor Williams discusses the latest information from his elite friend. The New World Order is in it’s final formation and the Elite are working toward a date for the collapse of ALL currencies. Events SIMILAR to Cyprus are planned for nation after nation. Pastor Williams’ Elite friend gave him numerous personal warnings concerning his own family.

Click on image for article!

Click on image for article!

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Okinawa: A Pawn in the China-US-Japan Imperialist Game!

RBA Sucked into an Undeclared Currency War! South Korea Latest to Cut Interest Rates!

No currency war! Yeah right! Only competitive currency devaluations!

• South Korea Is the Latest to Cut Interest Rates! 
  by BETTINA WASSENER, http://www.nytimes.com/ 
  HONG KONG — The South Korean central bank surprised analysts on Thursday by trimming interest rates by a quarter of a percentage point — the latest central bank to cut rates in the face of tepid growth.
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  Australia, Europe and India have all lowered borrowing costs this month in a bid to oil the wheels of faltering economic activity.
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  The euro zone is still haunted by its festering debt crisis, while in Asia, the giant Chinese economy is in the midst of a major transition that entails slower growth driven more by domestic demand. In addition, economists have said the constant saber-rattling from North Korea may take a toll on sentiment.
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  In trimming rates to their lowest level since early 2011 — the cut took the base rate to 2.5 percent — the central bank in Seoul joined growth-bolstering efforts by the government, which on Tuesday signed off on plans for billions of dollars’ worth of additional stimulus spending to prime the economic pump.
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  The “sluggishness of economic activities in the euro area” has deepened, the Bank of Korea said in a statement accompanying its rate decision, while economic indicators in emerging-market countries like China “have been weaker than initially anticipated.”
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  For South Korea, the weakening of the currency in Japan, whose companies are major competitors to South Korean exporters in many areas, adds to the pain of an already tough trade environment. The yen has fallen sharply against major currencies, including the South Korean won, in the wake of efforts by the Japanese government and central bank this year to combat persistent deflation and reinvigorate growth.
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• RBA sucked into an undeclared currency war! 
  by Alan Kohler, http://www.abc.net.au/news/thedrum/
  Australia’s domestic economic conditions do not, in aggregate, justify a rate cut but the currency does, writes Alan Kohler.
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  With a resigned sigh, Reserve Bank governor Glenn Stevens has been forced by Mario Draghi and Shinzo Abe to get out his trusty popgun and join the currency wars.
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  Cannons are booming across oceans – interest rates at zero, cash ordnance pouring into the financial system. “Take that,” squeaks the RBA, popping the cash rate by 0.25 per cent to 2.75 per cent.
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  The other factor forcing its hand is the deposit wars among the Australian banks, which has kept both deposit and lending rates relatively high and muted the effect of monetary policy.
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  It has nothing to do with the economy being in the same swamp it was the last two times that interest rates were this low, in 2009 and 1960. It is, as always, not as good as the Government says it is and not as bad as the Opposition says it is, although the latter is more correct than the former.
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  But domestic economic conditions do not, in aggregate, justify a rate cut. As Glenn Stevens said in yesterday’s statement, growth is “a bit below trend” and unemployment remains “relatively low”. But the currency does justify it.
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  The exchange rate is “unusual given the decline in export prices and interest rates” said the governor, master of the understatement. In fact it has been stable for two years, apart from a short-lived correction in each year as global growth slowed.
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  Stevens’ hand was forced by last week’s rate cut by the European Central Bank (ECB) and, more importantly, the statement by its president Mario Draghi that they had an “open mind” about negative interest rates – that is, charging the banks to park money with the ECB.
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ECB To Stun The World With Surprise QE & Gold’s Next Move!

• ECB To Stun The World With Surprise QE & Gold’s Next Move! 
  by www.kingworldnews.com
  After the sharp advance in gold prices yesterday, today 43-year market veteran Jeffrey Saut told King World News the ECB is going to surprise the financial world with an announcement of additional QE.  Saut, who is Chief Investment Strategist for $360 billion Raymond James, also spoke with KWN about what to expect from the gold market in the aftermath of all of this additional money printing.  Below is what Saut had to say in his interview.
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  Saut:  “The Fed got out both barrels with QE1, QE2, QE3, and is now buying $85 billion each month in Treasuries and mortgage-backed securities.  The Japanese, with the new administration and the new head of the Bank of Japan, got out the bazooka, and are doing the same type of QE, except they are buying $75 billion each month, yet their economy is 1/3 the size of ours (the US).
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  You are going to see the excess liquidity that Japan is pumping into the system come back into Europe and the US in search of higher yields.  Also, the announcement that everybody seems to have missed was Draghi saying, ‘For the Southern European countries, a euro above $1.30 would be too high for their economy.  Among major central banks, the ECB has been the only bank that is not expanding its balance sheet.’ Draghi goes on to telegraph this, ‘But it will likely consider such a step.’….
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Billionaire Paul Singer: The U.S. Has A Big Debt Problem And The FedRes Is Making It Worse!

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill?

• Billionaire Paul Singer: The U.S. Has A Big Debt Problem And The FedRes Is Making It Worse! 
  by Agustino Fontevecchia, http://www.forbes.com/ 
  Billionaire hedge fund manager Paul Singer warned that rich countries are insolvent, with U.S. debt to GDP levels actually around 500% given the cost of entitlements.  The head of Elliott Management warned of the massive levels of leverage at major global banks, and at the perils of quantitative easing which is masked money printing, telling investors to be weary of holding U.S., European, or Japanese bonds.
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  Paul Singer is well known for his aggressive bets against emerging country debt and for activist investment stances in poorly run companies.  On Wednesday, though, he took a complete different role at the Ira Sohn Conference.
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  “What you have in legacy countries,” he said speaking of the U.S., Europe, and Japan, “is long-term insolvency.”  Including entitlement programs like social security, countries like Japan have a debt load that is about 800% of GDP, while the U.S. and Europe are closer to 500%, Singer said, suggesting those who fear Rogoff and Reinhart’s 90% debt-to-GDP limit should re-do their math.
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  And not only are these major countries broke, but banks are essentially broken.  “Banks used to be banks, they used to make loans […], now, leveraged trading and derivatives has basically taken over a very large, or total, [role] in the context of profitability and the business plans of major financial institutions.”
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  Referencing major global banks like JPMorgan Chase, Citigroup, Deutsche Bank, or Barclays, Singer said they hold on average between $50 and $80 trillion in notional amounts of derivatives.  “There is no usable set of information that will allow you to see what portion of those $50 to $80 trillion are positions” held by the banks, what portions are “customer facilitation match trades,” he added.
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  With legacy countries in a state of long-term insolvency, and major banks highly leveraged and with opaque balance sheets sitting on trillions in liabilities, policymakers have resorted to one of the most dangerous solutions in the aftermath of the financial crisis: money printing.  “The primary, and up to now only, methodology to support recovery and growth has been on the monetary side,” the hedge fund manager said, “none of the country blocks I mentioned has adopted a solid set of structural pro growth policies in the tax, regulatory, labor, trade, and education, to unlock growth.”
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Lindsey Williams: New Signs of The Elite Just Given To Me (2013 DVD)!

• New Signs of the Elite! 
  From Lindsey Williams: A few minutes ago I was on the phone with my elite  friend. I must tell you what he said. The survival of your family will depend on  it. You and your family do not need to suffer. Many people made great fortunes  during the Great Depression in 1929. You can prosper during the days ahead if  you heed what my Elite friend is advising me. I contacted a second Elite friend  to confirm what the first had said. This DVD is made to tell what I was told.  This DVD is compacted into one DVD and the offer is REDUCED 70% from the previous series of four discs. Now only $27. I feel everyone must know this information. I promised to let you know every time I receive something you need to know. You will not get this information from any other source. Cyprus – The startling Real Story The American Dollar – How long????? Healthcare – A trap America – The world’s only hope Saud Arabia – Look out Iran – Sabre rattling Derivatives – Collapse being discussed
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• Please support Pastor Lindsey Williams by buying the original here:

Click on image to purchase DVD!

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