One of the best ways for the general public to take power back is to develop alternative currencies - both local and global - that allow people to trade outside of the corporate-government banking systems and central bank notes. In London, an interesting alternative currency bearing the face of pop singer David Bowie has recently come into circulation. It is officially called the “Brixton Pound.” The Bank of England has been forced to respond to these local currencies because of their popularity, deeming them “voucher schemes” and warning the public that they are unprotected when using them.
Because we know the mechanics of the currency war and the endless loop of competitive easing can be a bit confusing at times, we present the following simplified, circular flow chart from Morgan Stanley which should serve as a helpful guide to the never ending "beggar thy neighbor" loop.
It is time for a comprehensive audit of Janet Yellen ’s Federal Reserve - and not just for the reasons presidential candidate Rand Paul and others have given. The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction.
While many continue to debate if what with every passing day increasingly looks like a global recession, one from which the US will not decouple no matter how many "virtual portfolio" asset managers claim the contrary, there are those who without much fanfare are already taking proactive steps to avoid the kind of fallout that the markets have hinted in the past month of trading, is inevitable. Some such as Calstrs: the nation's second largest pension fund with $191 billion in assets (smaller only than Calpers), which as the WSJ reports is "considering a significant shift away from some stocks and bonds amid turbulent markets world-wide." According to the WSJ, it will move as much as $20 billion, or 12% of the fund’s stock portfolio, into other assets, including Treasurys.
Dear Investors, The last few weeks have exposed that our equity markets are not as liquid as we have long claimed mainly due to market fragmentation and the lack of diverse liquidity pools...
Update: even the rating agencies finally noticed - S&P: GLENCORE TO BBB/NEGATIVE FROM BBB/STABLE
Earlier today, Glencore stock plunged to a new all time low, after crashing nearly 20% in the past two days as investors with rose-colored glasses finally appreciate the dire reality facing the global miner. However, the best way to trade the beginning of the end for Glencore is not using stock at all.
"Artemis Vega Fund LP and associated institutional managed accounts gained approximately +15.49% gross of fees on September 1, 2015 on a day the S&P 500 index lost -2.96%. Please note this performance was for the day.... Our models currently register a 30% probability the VIX will re-test highs above 40 in the next 21 days."
"What If China Devalues To 8?" BofA Warns Of "Profound" Consequences For Commodities, Financial SystemSubmitted by Tyler Durden on 09/02/2015 15:10 -0400
"Our Asia strategy team points out news reports that some Chinese government agencies are planning on the assumption of USD/CNY at 8.0 for the end of 2016. This would be a 20% devaluation back to 2006 levels. Considering the major impact of the 3% devaluation this August, the implications for EEMEA would be profound. Asset prices of commodity exporters would again suffer the most, as they have done since 10 August. Potentially even more damaging would be risk of financial contagion throughout the global banking system."
Economies around the world are in shambles. All central banks and banking systems are overextended. So too are political entities. The geo-political situation is worse than any time since World War II. The nature of politics is to kick the can down the road. We are nearly out of road. The scam is likely at its end regardless of what is tried. The piper is coming for what he is owed.
Something is afoot as de-dollarization escalates around the world. With CNY/RUB trading volumes up a stunning 400% year-over-year to record highs, and hot on the heels of China's (and much of EM Asia) dumping dollar assets, Russian President Vladimir Putin has just unleashed a new bill aiming to completely eliminate the US dollar from the trade of goods.