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Post by Entendance on Dec 23, 2021 3:04:56 GMT -5
May God have mercy on any who provide provocation and false teachings to others, and scandalous example to their brothers and sisters, children and grandchildren, especially because of their willful selfishness, stubborn greed, and foolish pride. -Jesse
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison
A Bloomberg Column Says the Macho Culture and Risk-Taking on Wall Street Is Dead
December 24, 2021:
The disgust big banks have toward Main Street and small business is palpable at this point. -Nomi Prins
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Post by Entendance on Jan 8, 2022 4:39:25 GMT -5
 THEM OR US. TERTIUM NON DATUR. 
(THERE IS NO THIRD POSSIBILITY)
"Nine days ago the Fed released the names of the Wall Street trading houses that had borrowed a cumulative total of $4.5 trillion in emergency repo loans from the Fed during just the last quarter of 2019.
From September 17, 2019, through July 2, 2020, the same banks had borrowed a cumulative total of $11.23 trillion.
The Fed is slowly doling out the names of the banks and the specific amounts borrowed on a quarterly basis, after eight quarters of time has elapsed. The Fed is releasing the information only because the Dodd-Frank financial reform legislation of 2010 made it a legal obligation of the Fed to do so. The Fed had fought a multi-year court battle with the press after the 2008 financial crisis to keep its secret bailouts to Wall Street firms hidden from the American people. Strange as it may seem, the same press outlets that battled the Fed in court following the 2008 financial crisis to get the names of the banks and the amounts borrowed have this time around invoked a total news blackout on publishing the names of the banks.
One of the large borrowers under this 2019-2020 Fed facility was not even a U.S. bank. On October 8, 2019, the Fed conducted a one-day (overnight) repo loan operation, offering $37.5 billion. Deutsche Bank Securities, a unit of the giant German bank, took two lots totaling $7.5 billion.
On the same day, Deutsche Bank Securities took another $3 billion of a 14-day term repo loan offered by the Fed, bringing its total borrowing from the Fed on just that one day to $11.5 billion. But the 14-day term loan that Deutsche Bank Securities had previously taken on September 27 for $3 billion had not yet expired, so it actually had an outstanding Fed loan balance at that point of $14.5 billion..."The Smoking Guns in the Fed’s 2019-2020 Emergency Repo Loan Bailouts
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Post by Entendance on Jan 13, 2022 12:52:45 GMT -5
   Government finances are out of control
The eurozone’s banking instability
"...Rising interest rates globally will affect all major currencies, and for some of them expose systemic risks. An examination of the existing situation and how higher interest rates will affect it points to the Eurozone as being the most likely global weak spot.
The Eurozone’s debt position pitches the entire global financial and economic system further towards a debt crisis than generally realised. Particularly for Greece, Italy, France, Belgium, Portugal, and Spain in that order of indebtedness, the problem is most acute. They only survive because the ECB ensures they can pay their bills by funding them totally through inflation of the quantity of euros in circulation. The ECB’s entire purpose has become to transfer wealth from the more fiscally prudent member states to the spendthrifts by debasing the currency.
In the process, based on figures provided by the Bank for International Settlements the banking system is contracting credit to the private sector, and it is not even accumulating government bonds, which is a surprise. Much like banks in the US, Eurozone banks have become increasingly distracted into financial activities and speculation. The difference is the high level of operational gearing, up to thirty times in the case of one major French bank, while most of the US’s G-SIBs are geared about 11 times on average.
This article points to these disparities between US and EU banking risks having been a factor in the US repo market failure in September 2019. And we can assume that the Americans remain wary of counterparty exposure to Eurozone banks to this day. 
That the ECB is funding net government borrowing in its entirety indicates that even investing institutions such as pension funds and insurance companies, along with the banks are sitting on their hands with respect to government debt. It means that savings are not offsetting the inflationary effects of government bond issues. It represents a vote to stay out of what has become a highly troubling and inflationary situation. The question arises as to how long this extraordinary situation can continue.
It must come to an end some time, and by destabilising a highly leveraged banking system the end will be a crisis. With its GDP being similar in size to China’s (which is seeing a more traditional property crisis unfolding at the same time) a banking crisis in the Eurozone could be the trigger for dominoes falling everywhere.
As for the euro’s future, it seems unlikely that the ECB has the capability of dealing with the crisis that will unfold. It has cheated the northern states, particularly Germany, the Netherlands, Finland, Ireland, the Czech Republic, and Luxembourg to the benefit of spendthrifts, particularly the political heavyweights of France, Italy and Spain. It is a rift likely to end the euro system and the ECB itself. The deconstruction of this shabby arrangement should prove the end of the euro and possibly of the European Union itself."
Meanwhile...
(H/T Tom from Florida)
The Entendance Beach & Russia  The Entendance Beach & Putin
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Post by Entendance on Jan 17, 2022 4:27:14 GMT -5
 Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the central bankers want nothing short of “a complete digital control system.” CAF explains, “We have what we have been building for the last 20 or 30 years, and it’s getting much more obvious, but it’s been covert most of the time. They basically want digital control systems through the financial system, through the health system and government systems to implement control. That control is delivered one person at a time. You have extraordinary surveillance systems that have been built steadily for decades that are basically tracking everyone...That’s why the ‘vaccine passports’ and ‘central bank digital currencies’ (CBDC) are so dangerous. It’s important to understand what they are trying to do. They are trying to create complete transaction control. If they don’t want you going five miles from your home, your electric car will not work more than five miles from your home... If they don’t want you to buy pizza, your credit card will not allow you to buy pizza. They are talking about putting in extraordinary digital control systems and literally turning your car and your home into a digital concentration camp.”
How do you fight back to this digital tyranny? CAF explains, “You fight back by saying No. Do not comply. What we are seeing around the world is that the places where people refuse to comply, it’s not working. The mandates are not working, and the passports are not working where people say no. You are not going to control me. You are not going to tell me where I can and cannot go. I am not going along. You have to massively not comply.” 
One good way to not comply is to use good old fashion cash for every transaction you can. CAF says, “You need to hold onto your cash because once the system goes all digital, that’s when you can convert to the digital concentration camps. If the system stays cash and more and more people use cash, the perfect system is part cash and part digital because cash can’t be controlled...What we are looking for is decentralization, and decentralization comes with cash and it comes with coin.” As far as the CV19 “plandemic,” CAF says, “I don’t think depopulation is the only goal, and that is certainly what has been happening. The proof that that is happening is when the data started coming in about how bad the deaths and injuries were–they didn’t stop it or change it. They continued to double down on more and more effort on mandating when they knew the adverse events and deaths are very, very significant.”
The Video 
January 17, 2022
MAM Advisor, Ronald Stoeferle, Explains Why 2022 Will be a Golden Year
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Post by Entendance on Jan 21, 2022 3:06:44 GMT -5
Banksters Cartel International L
A kleptocracy is sucking the life out of working men and women by force and fraud. A group of sociopaths, who have committed one of the great crimes in history, not only blithely walk away with their loot unpunished, but come back to rob their victims once again, to finish the job. And they gorge themselves on the public trust even while begrudging the widow her pittance, or trying to steal it.
They pervert and corrupt so many, filling their hearts with their passionate lies, appealing to what is the very worst in them.
They are truly a den of vipers and thieves. - Jesse, September 2012
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Post by Entendance on Jan 26, 2022 10:46:49 GMT -5
Banksters Cartel International LI
 "...If you can control the price of COMEX silver, you can, by extension, also control the share prices of the major gold mining companies, and by further extension, you can control overall investor sentiment for the sector.
Pretty neat trick, huh?..." COMEX Silver and the GDX
 "The Russians Did It!" |
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Post by Entendance on Jan 28, 2022 5:53:48 GMT -5
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Post by Entendance on Feb 7, 2022 8:15:49 GMT -5
 So, let me get this straight, there are seven Federal Reserve Board members and three of them got blown out for trading their personal accounts ahead of policy…and now the Chairman is questioned? Isn’t that more than half? The world’s “reserve currency” right? Do you understand yet?
Jay Powell traded during restricted blackout period; failed to disclose most trade dates; apparently lied about muni conflict; directed massive Wall St bailouts despite conflicts Powell Consistently Obstructs Disclosure of Most Trade Dates but Even His Deficient Filings Show Illicit Trades During Restricted Fed Blackout Period (Post in collaboration with Tom from Florida)  The E. Beach & Jerome Powell
The Jesuits are just as influential and menacing today as they were 500 years ago.Trudeau, Jerome Powell, Macron, Biden, Conte, De Mistura, Clinton, Fauci, Monti, Draghi, Elisabetta Belloni, Ciampi, Van Rompuy, Barroso, Rutelli, Mattarella, DeGennaro, Fassino, Abete , Montezemolo, De Rita, Padellaro, Sansonetti & many others /tanti altri...
***What do they have in common?
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Post by Entendance on Feb 11, 2022 9:31:52 GMT -5
"...Do we really want a man at the helm of this sprawling institution who can’t even own up to his failure to police his own trading activities?"
The Entendance Beach & Russia
The Entendance Beach & Putin |
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Post by Entendance on Feb 16, 2022 2:38:57 GMT -5
FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up?
Bank of England Governor Andrew Bailey made a ridiculous comment almost two weeks ago and I’d be remiss not to mention it. Bailey issued his own FORWARD GUIDANCE on how to slow the pace of inflation. He suggested that people refrain  from seeking big pay raises.  It’s astounding that a sitting member of the G-7 Finance Group has the temerity to restrain the AVERAGE WORKER while promoting QE policies that have stoked a serious rise in asset prices for those who own antique autos, stocks, precious metals, art, multiple homes and any other asset class on the planet...Notes From Underground: Is It George Bailey or Henry Potter?
(H/T Tom from Florida)
 Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing at Sprott Money, reports tonight that the "trade at settlement" mechanism, seemingly used recently to knock the gold futures price down, is starting to be used in the silver futures market.Hemke writes: "If the price of Comex silver pulls a full round trip next week, we may be able to say with confidence that we have uncovered the latest bank price manipulation technique."
Hemke's analysis is headlined Comex Silver Trade at Settlement
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Post by Entendance on Feb 27, 2022 2:55:38 GMT -5
International best-selling author, journalist and counter-intelligence expert Daniel Estulin says the problems in the world revolve around the rapidly dying financial system and a “coming global bankruptcy.” Estulin contends, “We are looking at $3 quadrillion or $4 quadrillion of global debt, and you are looking at the end of the Bretton Woods economic model. We are at a critical stage for humanity that will determine the direction of the world. There is much at stake for us but especially for the liberals because their model, which is based on infinite growth, is coming to an end.”
According to Estulin, the United States is in for hardship and poverty never seen before. Estulin says, “This is the year for the United States. A lot of things are going to be decided financially, economically, socially and with a president that should not be there. The Democrats understand this, and that is why they are leaving in droves...We are coming into some serious pain moments for the global economy. The Russians are used to suffering and having to live on nothing. You (USA) are not.”
How bad will this get? Estulin, who is former Russian intelligence, says just look at what happened to the Soviet Union when it broke up in 1991. Estulin points out, “Between 1991 and 1998, 26 million Soviet citizens died. It was caused by starvation, depression, drugs, alcohol and all kinds of things. Most importantly, it was because 40% of our countrymen lost everything that they saved over the history of their country...In 1989, in the entire Soviet satellite space, there were around 500 million people in the Soviet Union. There were only 14 million people living under the poverty line. That’s 14 million out of 500 million people. In 1996, just seven years later, these 14 million with the destruction of the Soviet Union, became 168 million. So, from 14 million, it went up to 168 million people living under the poverty line. The same thing is going to happen to the West and the United States...This will be at least two times worse than what happened in the 1929 to 1933 period. That means future generations are going to be infinitely worse off than my generation...It means the standard of living in the West is going to be something they have never in their lives imagined. The kinds of things coming to America and to the west is what you see on television. You are talking about World War III zombies or some kind of other horrible things. It is coming home because the United States is in the same position as the Soviet Union in 1991. You have a President named Joe Biden who has dementia for goodness’ sake...this is a carbon copy of Brezhnev in the Soviet Union in 1991.”
Estulin also contends to deal with the so called “reset” and their dying financial system, the desperate globalists have no problem doing away with large chunks of the population or dramatically changing their DNA. Estulin says, “The final stage for the liberals is the evolution of humanity...In other words, the politics of post humanism. . . . The liberals (such as Klaus Schwab of the World Economic Forum) are praising the new possibilities of post humanism. We need to understand what these people are going to do with us, and it’s in black and white. It’s the fusion with a machine that will greatly enhance body strength, memory and genetic engineering...what these people want is immortality...Any one that does not agree with this agenda, they are declared enemies of open society, and you get cancelled.”
 Join Greg Hunter as he goes One-on-One with best-selling author Daniel Estulin to talk about what is going on now with the “global bankruptcy” and “reset.” These are just a few of the topics Estulin analyzes in great detail in his latest book “2045 Global Projects at War.” (There is much more in the 54 min. interview.) The Video: Serious Global Pain as Economic Model Dies – Daniel Estulin
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Post by Entendance on Mar 8, 2022 4:10:24 GMT -5
The whole Western banking system faces collapse
"...Because they discount falling purchasing power for currencies, rising interest rates, and collapsing bond prices are now inevitable. Being loaded up with bonds and financial assets as collateral, the consequences for the global banking system are so significant that it is virtually impossible to see how it can survive. And if the banking system faces collapse, being unbacked by anything other than rapidly disappearing faith in them fiat currencies will fail as well..."
The banking system is built on trust that the money one places in the care of others will be there when needed. This is as true for the retail investor with deposits at the local commercial bank, as it is for the sovereign with FX deposits at a foreign central bank. Hard earned trust is part of the magic that enables developed market sovereigns to massively deficit spend with limited consequence. The world happily holds their liabilities, be it in the form of deposits or sovereign debt. But that trust is weakened when sovereigns are seizing the assets of their own citizens and other sovereigns without due process of law. The liabilities of the banking sector and sovereign then cease to be risk free assets. Foreign sovereigns must now diversify as a matter of national security, and some citizens must now diversify as a matter of self preservation. This regime change can force a wild scramble into stores of value outside of the banking system...
 Own physical gold and silver outside a bank! |
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Post by Entendance on Mar 12, 2022 14:18:36 GMT -5
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Post by Entendance on Mar 15, 2022 10:41:43 GMT -5
"...The reason that both the LME and JPMorgan are taking the heat from traders who say they were “robbed” of their profits, is that one of JPMorgan’s clients – the Chinese nickel and steel producer Tsingshan Holding Group – had secretly built up a massive short position in nickel, using both contracts at the LME and also over-the-counter derivative contracts with JPMorgan and other banks. When the price of nickel began to spike dramatically higher last Tuesday, the banks scurried to try to close out their short positions in nickel by buying back the contracts. That heavy buying pushed the price of nickel to a record $100,000 a metric ton and the banks could no longer afford to keep buying to close their short positions.
Bloomberg News has named JPMorgan as the largest counterparty to the Tsingshan trades while the Wall Street Journal has indicated that Standard Chartered and BNP Paribas are also involved..."
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Post by Entendance on Mar 17, 2022 4:50:35 GMT -5
March 17, 2022
What is money for❓
Can cryptocurrencies replace gold❓
After fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point for the US dollar as the international currency. The battle over global energy, commodity, and grain supplies is the continuation of an intensifying financial war between the dollar and the renminbi and rouble.
It is becoming clear that the scale of an emerging industrial revolution in Asia is in stark contrast with Western decline, a population ratio of 87 to 13. The dollar’s role as the sole reserve currency is not suited for this reality.
Commentators speculate that the current system’s failings require a global reset. They think in terms of it being organised by governments, when the governments’ global currency system is failing. Beholden to Keynesian macroeconomics, the common understanding of money and credit is lacking as well.
This article puts money, currency, and credit, and their relationships in context. It points out that the credit in an economy is far greater than officially recorded by money supply figures and it explains how relatively small amounts of gold coin can stabilise an entire credit system.
It is the only lasting solution to the growing fiat money crisis, and it is within the power of at least some central banks to implement gold coin standards by mobilising their reserves.
Alasdair Macleod: The evolution of credit
The last two market cycles followed a clear pattern:
A bubble appears.
The Fed ignores the bubble for far too long.
The Fed finally acts to burst the bubble by tightening monetary policy.
The bubble bursts, the markets crash, and the Fed introduces extraordinary monetary policy.
This time around, we have the following situation:
Inflation is in the financial system.
The Fed has only just stopped easing monetary conditions.
The bubble is already bursting.
In this sense, the Fed is cornered. -The Phoenix
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Post by Entendance on Mar 26, 2022 4:47:46 GMT -5
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Post by Entendance on Apr 1, 2022 2:12:43 GMT -5
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Post by Entendance on Apr 6, 2022 2:01:09 GMT -5
The banksters can only win the game if people are dependent on the elite for everyday necessities.
The banksters have created a society of dependent people that they can exploit.
They can only continue to exploit people as long as they are dependent on the bankers for the things they need.
Once this dependence is broken the bankers lose much of their control on society.
This dependence is broken by people who can provide their own necessities.
This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. -John Perkins
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Post by Entendance on Apr 8, 2022 4:27:15 GMT -5
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Post by Entendance on Apr 11, 2022 16:59:19 GMT -5
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Post by Entendance on Apr 21, 2022 7:27:29 GMT -5
Alasdair Macleod: "...Between Japan and the Eurozone, we can expect to see their currencies collapse first. Initially, the dollar will appear strong on the foreign exchanges reflecting their decline. But foreigners possess financial assets and deposits totalling over US$33 trillion on current valuations. If the Fed is unable to prevent bond yields from soaring much above current levels, most of this, including the $15 trillion invested in equities, will be wiped out. The destruction of value measured in collapsing currencies will be economically catastrophic.
It is to avoid this fate that first China, and now Russia are commoditising their currencies and even planning for a new cross-border settlement medium tied partially to commodity values. They hope to escape from interest rates rising in fiat currencies as they lose purchasing power. If the global conflict is financial, the West has lost it already. The geopolitical consequences are another story for a later day." Value destruction
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Post by Entendance on Apr 25, 2022 10:15:28 GMT -5
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Post by Entendance on Apr 26, 2022 1:41:39 GMT -5
"As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis.
Instead of meaningful reform, Congress has stood by and watched the Fed bail out the global banks repeatedly since 2008 – either with direct loans or by keeping interest rates artificially low (“administered rates”) or through trillions of dollars in asset purchases from the banks (what the Fed prefers to call Quantitative Easing).
The Fed’s balance sheet has ballooned from less than $1 trillion before the financial crisis in 2008 to $9 trillion today as a result of its willingness to perpetually bail out Wall Street. American taxpayers are on the hook for 98 percent of the Fed’s balance sheet and thus have a critical interest in demanding both transparency and accountability from the Fed.
In the fall of 2019 there was no war in Ukraine, there was no pandemic. But for still undisclosed reasons, the Fed decided to funnel trillions of dollars in cumulative repo loans to the trading units of U.S. megabanks and their foreign counterparties. The Fed’s repo loans stretched from September 17, 2019 through July 2, 2020. The Fed has begun releasing the names of the banks and the amounts they had borrowed on a quarterly basis, following a two-year lag. There has been an unprecedented mainstream media news blackout of this information..."
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Post by Entendance on May 1, 2022 16:03:30 GMT -5
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Post by Entendance on May 5, 2022 0:57:06 GMT -5
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Post by Entendance on May 7, 2022 3:43:55 GMT -5
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Post by Entendance on May 14, 2022 3:31:09 GMT -5
 FYI, Citi has been a long-time investment of Alwaleed's Kingdom Holding
!
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Post by Entendance on May 19, 2022 11:59:28 GMT -5
Central bankers’ narratives are falling apart. And faced with unpopularity over rising prices politicians are beginning to question central bank independence. Driven by the groupthink coordinated in the regular meetings at the Bank for International Settlements, they became collectively blind to the policy errors of their own making.
On several occasions I have written about the fallacies behind interest rate policies. I have written about the lost link between the quantity of currency and credit in circulation and the general level of prices. I have written about the effect of changing preferences between money and goods and the effect on prices.
This article gets to the heart of why central banks’ monetary policy was originally flawed. The fundamental error is to regard economic cycles as originating in the private sector when they are the consequence of fluctuations in credit, to which we can add the supposed benefits of continual price inflation...
Fed Chair Powell Says “Markets Are Orderly” and “Functioning.” They’re Not. |
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Post by Entendance on Jun 1, 2022 2:41:03 GMT -5
'...So, the major central banks are insolvent or close to it and will themselves have to be recapitalised. At the same time, they will be required to backstop a rapidly deteriorating economic situation. And being run by executives whose economic advisers do not understand both economics nor money itself, it all amounts to a recipe for a final cock-up crack-up boom as economic actors seek to protect themselves.
As the situation unfolds and economic actors become aware of the true inadequacies of bureaucratic group-thinking central bankers, the descent into the ultimate collapse of fiat currencies could be swift. It is now the only way in which all that excess faux liquidity can be expunged.'
"The banking system is in the state of collapse," says former bank director Alasdair MacLeod. In effort to support the banking system, central banks will create an inflate away the value of currencies. Therefore, the current inflationary crisis will only get worse. While rising prices are eating away at people's savings, asset values are falling amid rising interest rates. "Where do I put my money?" is a more pertinent question than ever before.
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Post by Entendance on Jul 13, 2022 0:21:31 GMT -5
In order that the deception may succeed it must be habitual and uninterrupted. -William Hazlitt
Banksters Cartel International LIII
The banksters are going to be launching their own national stock exchange MEMX.
Hemke says inflation is the cause of the downfall of countries and the rise of tyrants and reads a passage from the book “When Money Dies.” Hemke reads, “Inflation could produce the conditions where extremists of right and left could raise the mob against the state, set class against class, race against race, family against family, husband against wife, trade against trade, town against country. It undermined national resolution simply when want or need might have bolstered it. It causes fear and insecurity with those who have already known too much of both...It prompted contempt for government and subversion of law.’ That was Germany in 1922. How is that not the U.S. in 2022? Amazing!!...We are preparing for the end of the debt-based system, and gold and silver are your lifeboat in the storm.” |
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E. 
Dec 20, 2015 at 6:49am 
I’ll get straight to the point. There is little to justify the dump in precious metals and miners in this environment...
E. 
E. 
The 
More 
LME Violates Number One Cardinal Rule: 
The Bank of Russia cuts the key rate 
So long, 
News Blackout: On the First Day of the Fed’s Money Market Fund Bailouts,
The 
Global Megabanks Are Tanking – 
Fed Chair Powell Telegraphs the Perfect Storm for Wall Street’s Megabanks: 
The Stock Exchange of the Future Has Arrived –