The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 1%. Show all posts
Showing posts with label 1%. Show all posts

Monday, September 5, 2016

As central banks funnel fiat wealth to the 1%, gold is becoming the opposite trade to funnel wealth to the 99%

Last week, the world's 'Bond King' Bill Gross continued his message where he proclaimed that stocks and bonds were invariably crap, and that the only true wealth protection right now is in gold and silver.  And at the heart of this clarion call is the fact that he believes the central banks are now in an unavoidable abyss where they not only have to continue to print massive amounts of new money, but also buy up every possible paper asset simply to keep the system going.

But in doing this, the central banks have also had to reverse a trend they were following last year when a large portion of them were out buying physical gold on the open market.  And since the majority of them are now net sellers of the metal at the same time they are net buyers of paper assets, it is creating a unique dichotomy where instead of simply using their policies to funnel wealth to the 1%, they are also opening the opportunity to funnel wealth down to the other 99%.

Not only is gold an auspicious color, culturally, on the mainland, but the People’s Bank of China has long been a major hoarder of its bullion form. Less so, though, as central bankers from Beijing to Brasilia cut gold purchases - by 40% in the second quarter alone. 
While monetary authorities still hold almost 33,000 metric tons of the precious metal, that marks the third consecutive quarterly drop and the longest streak in five years.
And yet, the gold price is rising - up 24% so far this year - even as the biggest buyers back away. What gives? For central banks, waning demand seems partly technical in nature. Weak global exports mean China and other major nations have recorded fewer cash inflows of the kind that normally drive gold purchases. The bigger question, though, is whether G20 leaders are internalizing the three reasons why negativity about the global outlook is driving gold. 
One, of course, is genuine concern about a global financial system still working through the trauma of 2008. Bond guru Bill Gross is making the rounds to explain the second: how central banks, including the Federal Reserve, “all have mastered the art of market manipulation” at the same time the Ph.D. economists on which they rely for advice “have lost their way.” In other words, lingering fear from 2008 and too much money chasing too few investments are combining to pump up safe-haven assets, and excessively so. - Barrons
Central banks are now selling physical assets to protect the new fiat money they are printing which is then being used to buy overvalued paper assets that invariably profit the 1%.  But in doing this they have kept the price of gold down where it can be affordably purchased by the 99%, and where the masses outside the ponzi paper scheme can have a choice and option to both protect and grow their wealth as the bank's failing policies come to a climax.

Tuesday, August 26, 2014

Wall Street bankers follow Obama’s lead and raise salaries of their employees by 20%

For banks like Goldman Sachs and Morgan Stanley, where access to cheap money is as easy as dialing up the Fed, it is of no surprise that despite wages falling for 99% of the American workforce, these institutions have no problem giving out raises to their employees at the same time when President Obama is calling for all businesses to hike up their costs through the increasing of the minimum wage.

Goldman Sachs Group Inc. will increase 2015 salaries for junior employees in the U.S. by about 20 percent, according to a person briefed on the decision.
The raises will apply to employees with the title of analyst across all divisions, said the person, who asked not to be identified speaking on personnel matters. Analysts are typically recent college graduates.
Read more on this article here...

Tuesday, October 2, 2012

NerdWallet breaks down the history behind the Forbes 400 richest Americans

NerdWallet is a company that provides information and resources for consumers that focuses on customer relationships in the market.  Through their web portal, they strive to invoke new ideas using fundamental principals in investing, finance and economics.

Recently, NerdWallet created an infograph of the Forbes top 400 riches Americans with their related demographics and industries through which they accumulated their fortunes.  With a net worth of $1.7 trillion, these 1%ers invested or built the largest industries which helped grow America to the #1 spot in world economies.

The Forbes Richest AmericansVia: NerdWallet

For more on NerdWallet, their current and past articles on finance and economics, you can go to their website to read and search daily and archival information.

Tuesday, June 5, 2012

Elite feel that workers should pay into retirement but not collect it

There was an interesting interview on Bloomberg with AIG's CEO Robert Benmosche over the weekend, where the elitist banker opined that workers should now expect to not retire until they reach the age of 80.

This of course means that the average person in the US, and around the Eurozone, will be working until they simply drop dead, as the average lifespans for both continents are 78 and 81 respectively.

However, in the growing socialist states, this does not mean that workers will be able to refrain from paying into state run retirement programs such as social security or pensions, it just means that the elite expect the majority of workers to never regain that money, thus helping prop up insolvent nation states through the use of backdoor austerity.

And the 1%ers wonder why the 99% hold such disdain for them in nearly every capacity. (Note, Benmosche gave this interview from his wealthy seaside villa)

Monday, December 12, 2011

The five most influential people in the economical world courtesy of the Onion

Economics today is both humor and tragedy as the 1% disdain the 99%, and the 99% seek pure mob rule in wanting to redistribute their wealth... to themselves.

Thankfully, the combination of comedy and tragedy has been given to us in a Top 5 look at the most influential people in economics, both today and yesterday.

Or is it tomorrow?

Pictures courtesy of the Onion.