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 ben bernanke. Show all posts
Showing posts with label ben bernanke. Show all posts

Thursday, February 2, 2017

With Donald Trump now in Office, Congress finally gets the courage to put the fear of God into the Fed, and Chairman Yellen

There is an interesting dichotomy that is now occurring since the Republican Party took over control of both houses of Congress, and the office of the President... and that is a new focus on the Federal Reserve and the illegal activities they have been allowed to conduct for eight years under Barack Obama.

Image result for hang central bankers

A number of years ago when Ben Bernanke was still the Chairman of the Fed, Democratic Senator Chuck Schumer gave the central bank carte blanche to do anything they saw fit to try to fix the economy.  And this distribution of both monetary and fiscal policies that were the responsibility of the Congress assured that the Fed would never have any real oversight to do as they saw fit... including the re-distribution of the wealth of the Middle Class into the hands of the 1%.

Image result for chuck schumer banks lobby
It appears that Democrats may be taking a more aggressive stand in urging the Fed to do more easing. 
After 5-minute discussion of the economy, and the ongoing disappointing recovery, Chuck Schumer ended his query of Ben Bernanke at the Senate today with this memorable exchange. 
His conclusion: “Get to work, Mr. Chairman.” — CNBC
But this has all changed now that Donald Trump has taken over the White House, and it appears his willingness to call out the Fed, Chairman Yellen, and even Vice-Chairman Stanley Fischer is leading other Republicans to man up and publicly put the central bank on notice that their days of non-transparent oversight may be over.
In what may be a harbinger of major headaches to come for the Fed, a recent letter (Jan. 31) penned by Republican representative  Patrick McHenry, Vice Chairman of the Financial Services Committee, has lashed out at Janet Yellen, telling the Fed chair in no uncertain terms that "despite the clear message delivered by President Donald Trump in prioritizing America's interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so." 
His assessment of this ongoing activity by the Fed: "This is unacceptable."
McHenry's emphasis is on "international forums" such as the Financial Stability Board, the Basel Committee on Banking and Supervision, and the International Association of Insurance Supervisors, and he notes that "continued participation" in these forums must be "predicated on achieving objectives set by the new Administration", something which will "likely require a comprehensive review of past agreements that unfairly penalized the American financial system in areas as varied as bank capital, insurance, derivatives, systemic risk, and asset management." 
He then adds that "the secretive structures of these international forums must also be reevaluated" because when the deals were negotiated, "international standards were turned into domestic regulations that forced American firms of various sizes to substantially raise their capital requirements, leading to slower economic growth here in America." 
Here one may recall how the Fed secretly provided tens of billions in under the table "rescue loans" to foreign banks doing business in the US (and others) during the peak days of the 2008 financial crisis. 
His conclusion, however, is what must worry the Fed the most, because  as McHenry notes, "it is incumbent upon all regulators to support the U.S. economy, and scrutinize international agreements that are killing American jobs. Accordingly, the Federal Reserve must cease all attempts to negotiate binding standards burdening American business until President Trump has had an opportunity to nominate and appoint officials that prioritize America's best interests." 
The implication: the current Fed officials do not prioritze America's best interests, and are therefore expendable. - Zerohedge
As the MAGA movement begins to invade all aspects of the government and society, those who are now on board the Trump Train to try to Make America Great Again are realizing that the biggest swamp that needs to be drained is located just down the road on Eccles Street.
McHenry Letter to Yellen by zerohedge on Scribd

Friday, August 19, 2016

Financial analyst known as the 'Wall Street Whiz Kid' says mother of all gold bull markets is just beginning

Following the 2008 Credit Crash, former Federal Reserve Chairman Ben Bernanke stated that "I wish I'd been omniscient and seen the crisis coming."  Of course, this is also the academic who claimed the central bank didn't see the United State in a recession when we were already a year into one.

And despite the fact that Bernanke had access to historic data going back to the beginning of the nation's history, and hundreds of Ivy League economists working for him at the Fed, it was not the man whom the U.S. relied primarily upon for determining monetary policy that accurately called out the crash in 2008, but a Wall Street analyst who would become known as 'The Wall Street Whiz Kid' who did so a year in advance.  And his track record speaks for itself since he also correctly predicted the 1987 stock market crash, and the ending the dot com bubble in 2000.

So when Peter Grandich speaks on a coming market trend, the world definitely listens.  And on Aug. 18, the Wall Street Whiz Kid wrote on his blog that we are just starting in the 'Mother of all gold bull markets'.

There are many reasons to believe that “the mother of all bull markets has only just begun” for gold. 
So believes Peter Grandich, the market analyst dubbed the “Wall Street Whiz Kid” whose track record speaks for itself. He called the Wall Street Crash in 1987 and subsequent sharp stock market recovery, the end of the bull market in stocks in 2000 and the global financial crisis in 2008. 
I’m not going to write some long dissertation but rather just highlight some of the reasons I personally believe gold is in the earliest stages of what can turn out to be its biggest bull market ever. 
The bullish fundamentals for gold ownership grow almost daily. Again, I could write pages of why, but I will just point out a few key ones: 
1 - The severe gold correction literally wiped away every ounce of bullishness. It had come to last one out of the bullish camp, please turn off the lights. While bullishness is off the canvas now, we still see little or no interest in gold overall while its main rival, financial assets, are now in a full bullish blow-off mode. Being a supporter of gold is like being the “Maytag Repairman” when compared to what most investors and professional are loaded to the gills with (financial assets). 
2 - We’re now just about 180 degrees where we were in 1980. Back then, financial assets were called “dead” and investment “war rooms” preaching gold ownership were widespread. Gold is the ultimate contrarian play and on a valuation basis compared to stocks and bonds, relatively cheap. 
3 - Whether its debt bombs all around the world, paper currencies being debased faster than “Grant took Richmond”, or Central Banks getting ready to launch funny money from helicopters in a last futile attempt to correct their quantitative easing failures, take your pick on the inevitable ignitor that will lead to a blow up of financial systems. It’s not if, but when! - Goldcore

Tuesday, July 12, 2016

As Japan prepares to dump helicopter money, Japanese consumers rush to buy gold to protect their wealth

Over the weekend, former Fed Chairman Ben Bernanke took a trip to Japan to speak with Prime Minister Shnizo Abe and central bank head Haruhiko Kuroda about the next phase of monetary policy which appears to entail the printing and giving of money directly to the Japanese people.

Known in economics as 'helicopter money' after Ben Bernanke's speech where he promised to do anything possible to keep the economy going, the Bank of Japan has reached the point where they have little to lose than to expand their money supply to infinite levels and give people direct cash to try to stimulate a 30 year recession.


When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to "secretly" meet with both the BOJ's Haruhiko Kuroda and Japan PM Abe, we warned readers that "something big was coming." 
As noted late last week, "Bernanke will be in Japan next week. It has been arranged for him to meet officials including Abe and Bank of Japan Governor Haruhiko Kuroda, according to a government official speaking on condition of anonymity. Bernanke is expected to discuss Brexit and the BOJ's negative interest rate policy with Abe and Kuroda, the official said." Reuters also added that "some market players speculate Kuroda might decide, in a surprise, to provide "helicopter money." 
We concluded as follows: 
So is it time? Is Bernanke about to unleash the next, and final, monetary policy evolutionary step, one which launches "helicopter money" in Japan, and if successful, brings it across the Pacific to the US? 
We don't know, but if anyone is still holding on to USDJPY shorts, now may be a good time to quietly close them out because if Reuters is right, and a "helicopter money" is about to be served for the first time in modern history, things are about to get very volatile, very fast. - Zerohedge
In response to this new insane monetary policy and the fact that saving in Japan is impossible under negative interest rates, the Japanese people are buying gold in droves, and realizing that the precious metal is the only way they will protect their wealth and save what little they have left before it becomes devalued into oblivion.
While in past decades, the natural instinct of Japanese savers when faced with financial uncertainty has been to rush into the "safety" of cash (after all why allocate funds to government bonds that yield almost, or less, than nothing) as we recently showed in Safes Sell Out In Japan and Demand For Big Bills Soars As Japan Stuffs Safes With 10,000-Yen Notes, now something has changed. That something is increasing loss of faith in Japan's currency. 
Take the case of Tetsushi Kudo, a 50-year-old office worker, who as Bloomberg writes, bought a one-ounce gold coin this month for the first time. With stocks slumping and zero percent interest on savings, he says it won’t be the last. 
"I want to buy gold every year as a birthday present for my daughter,” Kudo said at a store in Tokyo’s posh Ginza district where he made the 162,000 yen ($1,600) purchase. “She will thank me for the gift when she grows up because gold will have value wherever she goes.” 
Individual investors like Kudo drove a 60% jump in sales of the precious metal in June from May at Tanaka Holdings Co., the operator of Japan’s largest bullion retailer, as the yen’s rebound against the dollar made it more affordable. Why the surge into gold? Because far behind the glitzy facade of Abenomics, which is really just the BOJ intervening daily in the USDJPY via trust banks, and manipulating the Nikkei to give the impression that all is well, the people have checked out.

Monday, December 7, 2015

The ghost of helicopter Ben goes to Finland

As is inevitable, when negative interest rates aren’t enough, the next phase of Keynesian madness is to simply give people money in the hopes they will spend it to boost an economy.  And while former Fed Chairman Ben Bernanke intimated this program in a speech many years back, it is Finland, not the United States, that is first to bring about this hyper-monetary scheme.
On Dec. 6, Finnish financial authorities announced they are getting ready with a plan to transfer nearly $1000 per month to all citizens, while at the same time cutting off older welfare benefit models.  This equitous plan of providing an equal amount to everyone in the country, no matter how rich or poor they are, is a final stage of desperation that will likely create the inflation Finnish administrators want, but at the cost of higher prices in the general economy, thus negating the effects of the free monthly subsidy.

Read more on this article here...

Sunday, October 11, 2015

Group of 30 global central banks admit QE failed and did nothing for economies

It must be finally getting crunch time for the primary central banks around the world because on Oct. 10, the G30 group of global money printers admitted in a detailed report that the tens of trillions of dollars, euros, yen, and other currencies they have infused into the system has done absolutely nothing for local economies, and instead has accomplished what alternative economists stated would happen from the very beginning…
Create asset bubbles, un-payable debt, and assure that there would be no sustainable growth.
In addition to their ‘coming to Jesus’ moment, which may have occurred in September when the Fed found themselves unable to raise interest rates even a quarter point, the group of central banks are seeking to blame sovereign governments for failing to direct their printed monies where they would be most appropriate, and are deflecting their own failures elsewhere despite the fact that central banks like the Fed and ECB are outside of government controls to begin with.

Read more on this article here...

Tuesday, February 25, 2014

What would you name the book that Chairman Bernanke is writing?

Now that the ‘Printer in Chief’, otherwise known as the former Chairman of the Federal Reserve is retired, the next thing on Ben Bernanke’s agenda is to write and publish a book on his 12 years in office, and to detail the thought processes used during all of the different crises and monetary programs the Fed implemented during his tenure.
In other words, like his predecessor Alan Greenspan, Bernanke wants to spin his culpability and bad decisions in an attempt to rewrite his horrible legacy.
 
Read more on this article here...

Wednesday, December 18, 2013

Helicopter Ben initiates taper in one of his last acts in office

On Dec. 18, as Federal Reserve Chairman Ben Bernanke prepares to pass the torch to underling Janet Yellen, the man responsible for QE 4EVA has initiated a small taper on the central banks bond buying program, and will remove $10 billion monthly from their toxic asset purchases.

*FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY

*FED SAYS `FURTHER MEASURED STEPS’ POSSIBLE ON TAPERING
*FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5%


Read more on this article here...

Friday, August 3, 2012

Mike Maloney: Fed should admit gold is money then close up shop and go home

In an interesting interview on RT on July 31, the founder of Goldsilver.com gave his assessment of Fed Chairman Ben Bernanke, and the central bank's attempts to stimulate the economy with failed economic policy.  In his argument, Mike Maloney openly said that the Fed is simply defrauding the world about gold, and its value as money, and to resolve the crisis, should come out and say Gold is money, then close up shop and go home.





Seems Mike is simply agreeing with Ron Paul who has challenged the Fed over and over as to why they hold gold reserves, but continuously tell the world that it is no longer money.

Monday, July 23, 2012

August market preview built on June swoon in economic data

Welcome to July 23, where all hell is breaking loose in the Western economies.  The Euro teeters just above the 120 support level, and the dollar is gaining strength just below 84.  In Spain and Italy, governments have issued short selling bans, which limit the amount of pressure to balance stocks and usually leads to massive selloffs by investors.

But the end of July, and beginning of August forecasts are not created out of thin air, but appear to be built on the dire economic indicators which came during the month of June.


Chart courtesy of Bloomberg

Only 7 out of 23 economic indicators showed positive in June, and this is normally a month with much lower volume in the stock markets.

More than anything, the markets are screaming for recession and deflation.  And Ben Bernanke is nearing the bottom of his bottle of Jack Daniels to stomach the actions the Fed will be forced to do.

Wednesday, March 7, 2012

Even after Bernanke says no easing the Fed can't stay away from printing press

Last week, Federal Reserve Chairman Ben Bernanke said he did not see the need at this time to continue any real form of quantitative easing, as inflation was signalling a sharp rise in prices.  The markets reacted accordingly, and dumped both equities and commodities, and the dollar quickly gained strength across the board.

However, a Keynesian is a Keynsian no matter how much they try to stick to a 12-step program, and just as quickly as the central banker said no to QE infinity, a spokesperson for the institution came out today and said that QE could still be in play, only in a more steralized form.

Steralized form?  Should we now refer to Ben Bernanke as Dr. Evil, MD?


While we have yet to see the actual report, almost certainly emanating from Jon Hilsenrath, it appears that the QE3 rumormill has started, initially with speculation that the Fed's activity will be merely "sterilized" or more Twist-type purchases, unclear however if in TSYs or also in MBS. Via the WSJ:
  • Fed Officials consider "sterilized" option for Future bond buying
  • Operation Twist Reprise, QE Other Options For Fed Bond
  • Still Unclear Whether Fed Will Launch Another Bond-Buy - Wall Street Journal via Zerohedge

Of course, the markets reacted postitvely to the thought of more booze to keep the party going, and any economist with half a brain can see that Dow 13000... heck DOW 10000+ has simply been tied to trillions pumped into the monetary system by the Bernank bartender.

If the markets cannot stand on their own for even a WEEK without Fed stimulus, then the hopium dream that America is in recovery is better left to those ignorant fools who desire the Blue Pill.

Monday, February 13, 2012

Gas prices soar on dollar devaluation even as consumption drops to 10-year lows

One of the biggest misnomers in finance and economics today is that prices work according to supply and demand.  This was true when America performed in actual capitalist system, but since we moved to both fascism and crony capitalism, where corporations, banks, and government all work together at the betterment of themselves and not society, prices are fixed due to other factors such as dollar devaluation.

U.S. drivers used 2.8 percent less motor gasoline last year and consumed the smallest amount since 1999, the U.S. Department of Energy said Wednesday. Officials credited the decrease to more fuel-efficient cars and an aging population taking few trips.
Meanwhile, U.S. domestic oil production increased by more than 2 percent last year to 5.6 million barrels per day. - Des Moines Register
So... if consumption is way down, and production is actually up, should not gasoline prices be falling?  They should, except if you take into consideration the amount of money printing and currency devaluation being done by the Federal Reserve over the past four years, the amount of  inflation is being created by our own banking system, and not by a lack of products, or by higher demand.

In the end, Americans are being deceived by Fed Chairman Ben Bernanke.

Bernanke said that for now, the Fed expects overall U.S. inflation to remain low, and that the Fed is being “extremely vigilant” to make sure it does not wait too long before tightening money policy. He dismissed GOP questions about inflation worldwide, saying it is occurring in emerging markets, not the United States. - The Hill

Tuesday, February 7, 2012

Watch Bernanke Live speaking to the Senate and lying about recovery with a straight face

Fed Chairman Ben Bernanke will testify before the Senate today, and try once again to indoctrinate the public and our elected leaders that he actually knows what he's doing, and that his polices are helping to create economic recovery... even though its been four long years with nothing to show for it but more debt.

Click below to watch his testimony.

Ben Bernanke Debates Economic Policy with Senators

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.









Wednesday, October 5, 2011

It is Halloween yet for Wall Street? Paranormal occurrances in stock markets do exist!

In one of the strangest and illogical occurrances taking place on Wall Street over the past few days, massive selling in Mutual Fund holdings has been countered by an INCREASE of the Dow by more than 250 points.

How is this possible?  Mutual Funds arent selling stocks, even though the equity markets are bracing for a huge bear market fall.

Because these same mutual funds, despite having record low cash holdings, continue to refuse to sell their stock holdings and replenish cash. The only reason we can attribute to this is that slow money managers keep hoping Bernanke will pull something out of his sleeve and create another Hail Mary market rush into year end, saving quite a few P&Ls, not to mention careers. Alas, with stocks where they are it is increasingly looking like Operation Twist may be the only thing they will get for 2011 - Bernanke needs the S&P in triple digits to have a strong case for a $1-2 trillion LSAP. As such funds find themselves in no man's land, where they will be redeemed at the end of the year unless stocks soar for whatever reason, but will refuse to sell before they absolutely have to, which will be end of December, or whenever the Nash equilibrium fails. - Zerohedge
Maybe... we now have a strong reason for the massive selling taking place in gold and silver.  Dump the profitable stocks to accumulate cash as a buffer to stave off mutual fund holders until Uncle Ben swoops in with QE infinity.

Wednesday, September 21, 2011

Caption Contest - September 21st

With these guys at the helm, the only question to ask is....  Whats REMAINING in your wallet?