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Martin Armstrong Warns "The Tide Is Turning Against The Banks"
Submitted by Martin Armstrong via Armstrong Economics,
The biggest problem we have with central banks is that they are run by academics with ZERO real world experience. This applies not just at the Fed, but most central banks with the lone exception of Bank of China. The greatest danger this presents is that the money-center banks manipulate the central bankers during states of financial panic and they who are so frightened, they will do whatever the money-center banks tell them
In the USA, there is nobody who would investigate the dark corners of the Federal Reserve being manipulated by the NY bankers who walk on water without ice.
Bank of England Under Investigation for being TOO Friendly with Banks
However, the system is more open in Britain where the bankers do not control the courts as they do in New York City.
Consequently, the Bank of England (BoE) is now being investigated by the Serious Fraud Office (SFO) for being “too” friendly with the money-center banks during the crisis of 2008.
Last year, the BoE was cleared of “improper conduct” in the currency market manipulation allegations of the money-center banks. Nevertheless, major corporations are starting to wise-up to TRANSACTIONAL banking. A light is starting to go on that by no means can you go to these clowns for corporate hedging and advice for they will ALWAYS rig the game to make as much profit on the trading scalping clients until they bleed.
So while in the USA the banks can still bribe Congress to repeal Dodd-Frank and open the gates to money falling once again from heaven, that is not the case OUTSIDE the USA. Even the movie the FORECASTER is being shown around the world except the USA because of the elite control of the bankers who tell the Fed what to do and when, the Justice Department, and New York Federal Judges protect them every chance they get. We have NOBODY outside of their control to investigate anything.
Britain’s Serious Fraud Office’s investigators are now probing the central bank for possible fraud related to liquidity auctions between 2007 and 2008. During the financial crisis, the BoE invited banks to borrow money from the central bank, in exchange for collateral. This was conducted through a series of “liquidity auctions” where the funds were intended to prevent the banks collapsing. The banks always warn that there will be a complete collapse of the financial system unless their losses are covered.
The SFO is looking into the bankers’ “conduct” that was connected to these liquidity auctions. This is the criminal investigative agency that is conducting the probe of the BoE. Being investigated for “conduct” issues can be a very wide range from price fixing and handing the government the worse collateral possible (FRAUD) to the leaking of confidential information for personal gain.
* * *
The tide is turning against the banks. We will see more and more corporations turn away from the banks as advisory entities. They just cannot be trusted when they are also the market-makers making commissions/spreads on the trading that are totally undisclosed. The day of the banks is coming to an end. It looks more like the next downturn will drive the spike right through their hearts. Just maybe, we may get back to the way its should be – relationship business, not transactional where they have the incentive to manipulate markets for the quick buck and front-run clients.
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kabuki
The Great Kabuki.
Armstrong is Kabuki so take him for what he's not worth
Wait a second...didn't good ole Marty say that gold and silver were not manipulated?
Make up your mind Armstrong, or should I say, quit changing your story?
He also said gold is not money. That'll make you a lot of enemies around here. Predicts gold will rise together with other assets, not independent of.
But he is correct. All assets that represent real value (i.e. work or energy) will start rising once all the paper/digital claims on real goods and services start seeking them out.
The "mark to fantasy" worl will live in is now 100% everywhere, this time, it will be a global Weimar...
UK is the most grown up country on earth.
We investigate politicians expenses.
We investigate mainstream media phone hacking.
We investigate pedophiles in the church.
We investigate celebrities sexual encounters.
We investigate commercial banks.
We investigate the CENTRAL BANK.
Only the damn Queen is above the law. And she's a nice old lady who never said a bad thing about anyone.
OK... they 'investigate'... but do they prosecute, convict and IMPRISON? (anyone besides the peons, that it?)
Actually yes,
Currently in prison at Her Majesty's pleasure are;
3 former politicians who overclaimed their expenses.
7 former NewsCorp journalists who hacked people's phones
27 pedophiles who previously worked in the church
13 celebrities for historical sexual encounters (rape/underage girls)
5 rogue traders who lost billions at commercial banks
But ZERO central bankers.
In the UK our courts and justice system work for the Queen and she isn't corrupted by political parties, big business, oligarchs, or anyone. Nobody in the world can offer her anything she wants. She was born with everything.
Let me just be clear, I don't think we have the greatest system ever... But our current Monarch is just an incredible uncorruptable impartial and protocol driven beacon of light.
The thing about a parliamentary monarchy is that when you have a good monarch the whole system is uncorruptable because nobody can challenge the monarch. When you have a bad monarch, the whole system is corrupt.
Having a good or bad monarch is by and large down to luck.
Currently the UK has an incredibly open society where nobody is above the law (except the Queen), and when people are out of line they generally get found out and go to jail. No matter who they are.
If Corzine was British he would be in jail, because the Queen would be asking people "why isn't that awful man in prison?".
Yet the Royal Family has "worked" with the Rothschilds for centuries -- ever since King James 2nd was displaced by a Rothschild coup with Dutch merceneries.
Like his predictions or not, he's one of the smartest guys out there. Can't think of anyone else with such a grasp of history and logic. He cross references events and connects dots like only a genius can.
He's also one of the guys out there who suckered everyone that would listen into a ponzi that landed him in prison for a decade.
I will not listen to anyone who feeds me some truth and some lies, like Martin Armstrong or Jim Paplava.
No, theres no tide turning against the banks until banker heads are rolling. Not the nobodies...the big wigs.
That's what the libor scandel was all about, what's with beating dead horses with the skelton in the closet? Do you guys like reruns??
The Big Kabuki.
Serious fraud office? It must be a dual operation in colorado with selling and manufacturing a shitload of pot and supplies.
Light it up and ignore all the rest, bitchezz!!! Smoke away that fraud...
Quote from article above:" However, the system is more open in Britain where the bankers do not control the courts as they do in New York City."
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yeah, they really believe everyone's that gullible!
How about this gem: "the tide is turning against the banks"!!! ROTFL
I love the edge to Zero Hedge but I tire of the people posting about what they want instead of what is really happening.
BLOW ME Martin Armstrong [now that you've sold out to become a sychophant to 'THE BANK' agenda]...
Naturally, all ZH'ers should patently DISREGARD that comment [& JUNK forthwith]... Because 'EXPERIENCED' ones such as subeito have exquisite TENURE on ZH by a matter of years &, which exceeds that of my own, & is therefore, more RELEVANT to the topic notwithstanding any TENURE issues that may or may not accrue...
If, OTOH subieto happens to be around this evening... FEEL FREE TO DEBATE... Or, if a 5 year tenure renders you absent on a a partucular evening, feel free to be conveniently ABSENT!
Take it easy Francis!
Notwithstanding the previous comment by THIRST MUTILATOR...
What's IMPORTANT is that people should endeavor to ACT as their intuition tells them on such matters...
Naturally ~ an entire SPECTRUM of responses may emanate... Over time, if those reactions are permitted to be sifted into the baking equation, an EDIBLE & TASTY bread may result.
is Francis really back?
'JUNKS' [red arrows] will naturally tell the story...
Why does anyone even listen to this idiot Martin Armstrong? The city of London is the head of the Beast. Martin Armstrong is seriously delusional or is just a disinfo agent.
I searched for both members you cite, subeito and subieto and it appears neither username exists. Wrong site? Off meds?
@Usurious ~ That's the one... Sorry ~ sometimes it's hard to remember names which are not worth remembering...
I doubt ACHILLES of SPARTA [6:30], ever had that problem...
https://www.youtube.com/watch?v=B6-9aZe8teU
They need to repay the houses that they stole thru fraudclosure
They will, just a matter of time.
So now the lawyers get in on the cut.
No its not.
I pooped today!
So did I! In fact, it was so nice, I did it twice!
I throttled one too...
Ponder re-hypothecated poop.
Seriously?
Remind me about the re-hypothecation rules in the UK again.
Coming from a guy who set up computers and algos to do just that (and bragged about it).
Whatever Martin ... play innocent guy ... whatever.
Where can I view evidence of Armstrong manipulating markets and bragging about it? Please advise. thanks.
He did a five part .pdf series about it a few years back (2009 I think), do a search for them, probably still out there. Has all his tales from the good old days, newspaper clippings the lot, all sorts of self-justification and claims about how he was really just the father of computer market scamming and the new guys just got jealous about it and shafted him. Thinks he's the archetype for Gordon Gecko or something.
Can you narrow things down for me, do you have a name for this 5 part series - is it on his site?
The series was called "Looking Behind The Curtin" and dated around April 2009.
Just found a link to one of them.
http://armstrongeconomics.com/wp-content/uploads/2012/03/looking-behind-...
This might be good inside this small paradigm. Seeing if the central banks are following the rules in their fucked up little system.
What about the larger evil of letting one class of people profit off of creating money the rest of us are forced to use through legal tender and tax receipt schemes?
Seeing the City of London has some of the highest leverage in the world I don't see this being anything other than theatre as dexter_morgan says.
pods
Fair to say that the only Western nation which has shown any kind fight against the banks, is Germany. Even the Germans are losing that battle.
There is a very small pocket of resistance against the banking cartels left. At this stage the web of central banks around the world is more or less complete.
The next stage will be a single global currency unit, as Rickards suggests, or an attempt at a single currency unit. Probably the IMF's SDR. From there? I do not know. Something tells me that the levels of complexity in the modern financial system are unsustainable. I don't know if the system will last.
You have a global currency; it's called the dollar. I will collapse as soon as they run out of dollars.
Let me guess; the "serious" fraud bureau will fine the central bank or banks $10 Billion from the public treasury - and no one will go to jail?
...or have to admit any wrongdoing.
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And why so quick did ISIS become ISIL? (pronounciation).
Armstrong is a rancid ego-maniacal POS fraud. In a world of currency debasement... he still tries to rag on the "gold promoters"... that is, when he can do so without his voice breaking and filling his panties with coward's mud. He is trying to sell an AI "computer" program... talk about another laughable PONZI... hope he ends up back in jail for 30 years... getting corned by several 300LB gorillas. Promote THAT, A-Hole!!
Marti's going to bring ethics and morality to banking and markets.
Well look: could Armstrong be a fraud? Possible. There is nothing to say that he isn't just a rather shrewd guy who is calling general trends and winning (on the whole.) I like Armstrong's opinions though, if nothing else, they often give an alternative perception.
However, he is right about stocks (so far). And you could not state that most gold promoters are not shady as hell.
As I stated before, about the only Gold or Silver promoter that I will genuinely listen to, is Mike Maloney. There rest are a bunch of shady fucking assholes who would line their pockets at the expense of your, or my own, wealth. At least Mike seems willing to switch up his views and take an alternative stance now and again.
No, he actually is, and like all good crooks he's charismatic, tells wonderful stories, wins people's sympathy and trust. Never smile at a crocodile.
Well well. Looks like we have some gubmint types masquerading as ZHers, and wanting to bash MA. Well, the litmus test comes 2015.75.
I corresponded with him in prison and found him to be a real jerk. He doesn't tell the truth about some of the most basic things that everyone knows.
The best way to explain Martian Armstrong is imagine a guy like John Perkins (Confession of an Economic Hitman) trying to get his old job back.
Martin Armstrong, please do us all a favor and stop farting on the ZH bus. Your smell is simply intolerable.
NY Fed says it can no longer supervise the activiites of the big banks due to the meddling of the Washington Fed. They are turning on each other.
http://www.reuters.com/article/2015/03/05/us-usa-fed-supervision-idUSKBN0M125D20150305
This is a turf war, like Bloods and Crips.
The NY Fed people had a near-monopoly on cushy revolving-door jobs at big banks. The DC people want in on this action.
Simple.
Let them tear each other apart: Parasites VS Parasites.
MA is a sarcastic jihadist.
keep junking.
you know it's original, reverse sarcasm.
get a clue. the fed is not run by academics they are just tools of the maggots.
Maggotistas.........nail meet hammer.
Shit and Sugar. The "serious fraud office" is an even bigger fucking joke than MA and his "computer program". Marty, just tell us what your Commodore C64 is predicting for the gold price on April 1st, shit, I mean 2015.33332156
The tide is turning against the banks...
So what?
Since when have the useless-eater's opinions meant a damn thing, or led to any meaningful change?
Last I heard was that the banks pay for the world governments, military, DHS, CIA, Police, FBI and I missed the part where Armstrong said exactly who it was that was going to defeat them. If he would have said Russia and China are going to assassinate them I might have believd the article.
Arrest the Queens with the cloven hooves.
Excellent point q99x2!
WHAT a bunch of utter horse shit.
The UK gave up manufacturing to manufacturing financial scandals.
No one arrested or jailed (and I mean the regulators).
Even the US regulators had to show the UK how bad things were.
Armstrong is too self-promotional to take seriously.
The tide turns against the financial conquistadors and their El Dorado whose nexus is WS.
This is news how?
Duh !!
The ziogangbankster cabal are working around the clock to get their subject populations disarmed.
Armstrong makes alot of sense most of the time. Yes, he can be way off, like most of the contributors can be,are, at times.Armstrong has a point of view, respect itm discuss it; don't be trivial.
Some Zerohedgers have a bias against him as a habit rather than of reason...
the BoE was cleared of “improper conduct” in the currency market manipulation allegations of the money-center banks.
KINGWORLDNEWS Chris PowellManipulation, market rigging authorized by LAW
"The biggest problem we have with central banks is that they are run by academics with ZERO real world experience.".
.......dude that aint even CLOSE to the biggest problem we have with Central Banks
Through the use of the term "banks"..as in "the tide is turning against the 'banks', the author the article unintentionally reveals that the author is a complete fucking moron, who fails to grsp the cocept of how finance works in 2015, or is simply a brain dead mother fucker
As if "banks" is a unitry entity that would be responsible or held to task. In fact the more proper reference is "financial industry" s loans, credit cards, and debt instruments of all sort do not come from a "banks" balance shett assets, or depositors monies, but instead are derived from off balance sheet entitties tht are funded by "investors" ...so what fucking bank are you referring to you stupid mother fucker?
As far as any "tide turning", while I could only wish that wee true, unfortunately the financial industry/lobby tentacles extend far too deep for any meaninful change to ever occur...
Even in England, the fabians and bildergergs control whatgoes on over there, and i assure you that nothing will take place to the bank of england outside of being alowed to continue to rape the citizens od the UK
As far as central banks...the only entities that benefit from that arrangement, is the financial industry, and not you or me, as they are run by the very criminalsthat y ou complain about, and in a partnership with the local govenment...they all stand to gain, while you hold your dick in your hand, wondering why you fall further and further behind
Indeed, this is the precise reason that arguing of over politics in America is incredibly stupid, Democrat, Republican, it does not matter they both serve the same master...the financial lobby, you thik its a coincidence that not one of these fucks was put in jail for hat happened 2007-today? think it was a coincidence for "too big to fai", The financial industry view the public as one big pussy, waiting to get fucked...the sooner YZou come to grips with that you cn plan accodingly
I would not give a penny to these cocksuckers...choke on your fucking credit cards mortgages and the derivaes and ABS/MBS that fund them, send a big fuck you to Jaimie Dimon (the smartest douche in the room) a big fuck yzou to Blankfein, a big fuck you to Moynahan, Obama, Yellen, Bernanke, Greenspan all all of those fucking cocksuckers
Its a big club folks, AND YOU AIN'T IN IT, (hat tip to the late great George Carlin)
https://www.youtube.com/watch?v=i5dBZDSSky0
Yawn. Call me when Mark Carney and his City drinking pals are finally scheduled for their public force-feeding of molten lead.
it all started to go wrong when the agency or principal relationship was disbanded. now they are all principals in their relationship with clients , the banks have a field and feel nothing for their supposed clients. Clients are at fault for letting themselves think they can deal adequately with these professional scalpers.