The Fed’s balance sheet grew eight times more rapidly than the economy during the last fourteen years. That’s just the inverse of the relationship that occurred back in the Golden Era. if you need any proof at all of this massive intrusion into the financial system isn’t working; the huge amount of money printing and balance sheet expansion; the unremitting financial repression and pegging of interest rates; look at that fundamental comparison. The only thing it’s really doing is simply inflating the serial bubble that ultimately reach unsustainable peaks and collapse. Hopefully on the third strike, the people who gave us these bubbles will be out.
"Cornering The Earth" - How The Rothschilds "Controlled At Least One Third Of Global Wealth" Over 100 Years AgoSubmitted by Tyler Durden on 06/14/2015 14:22 -0400
"Let us control the money of a nation, and we care not who makes its laws"
- the maxim of the house of Rothschild and is the foundation principle of European banks (source).
The key events on tap for next week.
While the benefits to banks and governments of banning physical cash are self-evident, there are downsides to the real economy and to household resilience. Why are governments suddenly acting as if cash money is a bad thing that must be severely limited or eliminated?
And just like that, Goldman wins again.
Keynesian policy of manipulating economic “aggregates” through countercyclical macro-measures appeared to work when balance sheets were not stretched to the brink. The glaringly obvious result of such policies, gross capital consumption through malinvestments epitomized through a serial bubble economy, did not discourage our money masters. The best and brightest even suggest bubbles are the only remedy to what they believe is some sort of secular stagnation. Just as drugs, the abuser must increase the dosage to feel the same high and spend accordingly.
Approximately two years ago, a commentary was published entitled “The One Bank”. The empirical foundation for the article (and the paradigm) was an extensive computer model, produced by a trio of academics at a university in Switzerland, and originally reviewed in an article from Forbes.
In a world where everyone is a lawbreaker, it’s hard to spot the real criminals.
Ten years ago this week, Alan Greenspan made his infamous comment about signs of 'froth' in the housing market. A decade later, CNNMoney's Cristina Alesci sat down with the Former Federal Reserve Chairman and got his perspective on real estate. It's stuck in a rut, or as he puts it, "we haven't come out of the bottom [of the housing collapse], we are in a secular stagnation."
"It's starting to get ugly..."
Once you funnel everyone into risk assets and then mask the risk to generate complacency, you guarantee a bidless market when risk reappears.
How Obama Will Centrally-Plan Your Neighborhood: Here Comes The "Affirmatively Furthering Fair Housing" RuleSubmitted by Tyler Durden on 06/11/2015 22:05 -0400
Because centrally-planning the market and the double seasonally-adjusted economy was not enough, the Obama administration is now set to create a wealth-adjusted community utopia. According to The Hill, the administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, such as building affordable housing in more affluent areas. The name of Obama's latest proposal to have the government centrally-plan your community? The Affirmatively Furthering Fair Housing rule. A name that only the person who penned the US Freedom Act could have come up with.