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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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    Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 29, 2016 10:27 am

    Four more mega-banks join the anti-dollar alliance
    That was fast.


    Yesterday I told you how a consortium of 15 Japanese banks had just signed up to implement new financial technology to clear and settle international financial transactions.


    This is a huge step.


    Right now, most international financial transactions must pass through the US banking system’s network of correspondent accounts.


    This gives the US government an incredible amount of power… power they haven’t been shy about using over the last several years.


    2014 was one of the first major watershed moments when the Obama administration fined French bank BNP Paribas $9 billion for doing business with countries that the US doesn’t like– namely Cuba and Iran.


    It didn’t matter that this French bank wasn’t violating any French laws.


    Nor did it matter that only months later the President of the United States inked a sweetheart nuclear deal with Iran and flew down to Cuba to attend a baseball game with his new BFFs.


    BNP had to pay up. A French bank paid $9 billion because they violated US law.


    And if they didn’t pay, the US government threatened to kick them out of the US banking system.
    $9 billion hurt. But being kicked out of the US banking system would have been totally crippling.
    Big international banks in particular cannot function if they don’t have access to the US banking system.


    As long as the US dollar remains the world’s dominant reserve currency, major banks must able to clear and settle US dollar transactions if they expect to remain in business.


    This means having access to the US banking system… the gatekeeper of the US dollar.


    But having watched BNP Paribas get blackmailed into paying an absurd $9 billion fine to the US government, the rest of the world’s mega-banks knew instantly that their heads could be next ones on the chopping block.


    So they started working on contingency plans.


    Blockchain technology provided an elegant solution.


    Instead of passing funds through the US banking system’s costly and inefficient network of correspondent accounts, blockchain technology provides an easy way for banks to send payments directly to one another.


    I cannot understate how important this technology is.


    Blockchain may very well be what neutralizes the US government’s domination of the global financial system.


    And while there’s been a lot of momentum in this direction (hence yesterday’s letter to you), even I’m surprised at how fast it’s moving.


    Today, four of the world’s largest banks announced a brand new joint venture to create a new financial settlement protocol built on blockchain technology.


    Deutsche Bank from Germany, UBS from Switzerland, Santander from Spain, and Bank of New York Mellon have joined together to launch what they’re naming the very un-sexy “utility settlement coin”.


    Like Ripple, Setl, Monetas, and several other competing technologies, Utility Settlement Coin has the potential to end the reliance on the US banking system for cross-border payments and financial transactions.


    Banks will be able to send payments to one another directly without having to transit through the Wall Street financial toll plaza.


    (Global consulting firm Oliver Wyman estimates that the cost of clearing and settling international financial transactions at up to $80 billion annually.)


    This has enormous implications, especially for US banks.


    The Federal Reserve, for example, has already warned that financial technology could pose stability risks to the US financial system.


    And they’re right.


    If foreign banks are able to transact directly with one another without having to go through the US banking system, then why would they need to park trillions of dollars in the United States?


    They wouldn’t.


    Adoption of this technology could cause a gigantic vacuum of deposits out of the US banking system.


    US banks would take a big hit. And the US government would have far fewer foreign buyers to sell its ever-expanding piles of debt.


    Make no mistake, the adoption of this technology is a game-changing development with far-reaching implications. And it’s happening very quickly.


    If these mega-banks can hit their milestones, they’ll launch commercially in eighteen months.
    Mark it on your calendar– that may be the end of peak US financial dominance.

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    https://www.sovereignman.com/trends/four-more-mega-banks-join-the-anti-dollar-alliance-20120/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 29, 2016 10:32 am

    WAKE UP CALL: Our Entire World is Going To Change — BILL HOLTER


    The cartel hit gold hard again on Wednesday selling $1.5 BILLION is paper gold into the market in ONE MINUTE and as JS Mineset’s Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”

    Bill asks, “Who has that amount of gold to sell? And the answer of course is almost no one. And what trader would ever sell in that fashion? And the answer is no one wo would want to keep a job if they were selling for profit. So the sell was obviously to create price, a lower one.” 

    But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change.”

    http://sgtreport.com/2016/08/wake-up-call-our-entire-world-is-going-to-change-bill-holter/


    Last edited by Carol on Mon Aug 29, 2016 10:34 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 29, 2016 10:34 am

    Japan makes multi-billion dollar pledges to Africa

    Africa’s infrastructure projects will benefit from $10 billion, Japanese Prime Minister Shinzo Abe said at the sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi on Saturday.

    Combined with private sector investments, the total commitment would reach $30 billion in support for infrastructure development on the continent, Abe told the gathering of at least 34 heads of state and government from across Africa.

    The package would be spread over a period of three years and executed through co-operation with the African Development Bank.
    At the previous TICAD meeting in 2013 Japan pledged $32 billion to Africa over a five-year period.

    The new pledges would enhance and further expand upon those launched three years ago. The motive was quality and enhancement, he said.

    As African heads of state and partners vowed to accelerate progress toward universal health coverage in Africa, the World Bank and the Global Fund to fight Aids, tuberculosis, and malaria also committed to invest US24 billion in Africa over the next three to five years.

    Japan International Co-operation Agency (JICA) president Shinichi Kitaoka urged African countries to support the Initiative for Food and Nutrition in Africa (IFNA) to end malnutrition.

    JICA would continue to support efforts geared towards boosting food production on the continent to improve nutrition among Africans.

    Speaker after speaker at the conference emphasised the urgency of industrialisation as the key to Africa’s economic development.

    About 100 Japanese companies are represented and are exhibiting at the conference exhibition area, which has also attracted hundreds of companies and governments from all over the African continent.

    Although it was not possible to establish the figures, exhibitors disclosed that they had clinched solid business deals.

    There are also several organisations holding side events at various venues around Nairobi, with the biggest hosted by the Japan External Trade Organisation (JETRO).

    It has organised a side event hosting 100 companies and organisations from Japanese industry, state and local governments, and academia.

    It is billed as one of the largest JETRO fairs in Africa to date.

    The conference ends on Sunday.



    http://www.sabc.co.za/news/a/f789b6004e09def39b05bb5173dc1eac/Japan-makes-multi-billion-dollar-pledges-to-Africa-at-TICAD-VI-20162908


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 29, 2016 10:58 am

    Confidence in the Fed Sinking Fast from Greenspan to Bernanke to Yelle​n: How Much Confidence Do You Have? -- August 27, 2016 --
    https://mishtalk.com/2016/08/27/confidence-in-the-fed-sinking-fast-from-greenspan-to-bernanke-to-yellen-how-much-confidence-do-you-have/

    Currency speculation becoming more mainstream.
    https://www.yahoo.com/finance/news/jim-rogers-bought-north-korean-1323​43883.html


    Iraqi calls to investigate smuggling 700 billion dollars
    Baghdad/ Iraq TradeLink: Iraqi Parliamentary Financial Commission called the Iraqi government, in cooperation with international organs, to investigate the smuggling of 700 billion dollars since 2003 till now.

    Member of the Commission Abdul Qadir Mohammed reiterated that the Iraqi parliament called, earlier, the government to exert efforts to discover the fate of Iraqi funds abroad.

    "Iraq is fully in need for these funds at this stage", he pointed out.

    http://www.iraqtradelinknews.com/2016/08/iraqi-calls-to-investigate-smuggling.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 29, 2016 11:21 am

    Germany makes game changing move, prepares for war to defeat khazarian mafia
    Posted by benjamin
    August 29, 2016

    For the past few weeks the wheels of geopolitics have been churning the mud during a summer “ceasefire.” That is now ending.
     

    The German government has made a decisive break with the Khazarian mafia and has ordered its citizens to stockpile 10 days worth of emergency food supplies in preparation for a war of independence, according to both CIA and MI6 sources. In addition, the German government is mobilizing 600,000 militia members in preparation for this war, the sources say. The trigger for this mobilization was a reequest by the Khazarian controlled US government for Germany to accept a massive false flag attack on its territory as an excuse for totalitarian Khazarian rule. The Germans have decided to refuse this request and are instead allying themselves with the Russians and effectively joining the UK and Turkey in a Western led move against the Khazarian controlled American government, the sources agree. This information can be confirmed in a series of German government statements seen in the corporate media. These include the announcement of the emergency food supply request, a statement by the German foreign minister that Germany needs to work with Russia and a statement by the economy ministerthat the US Khazarian led TTIP trade agreement was dead in the water. 

    The German move is just the opening salvo of what is expected to be a decisive campaign to permantently end Khazarian control of the West and its remaining slave states. Expect similar moves in many countries as the autumn offensive against the final Khazarian mafia strongholds goes into full gear. As the snowball effect continues, keep your eyes on France, Japan, Turkey, Saudi Arabia and Brazil among other places over the coming months. 

    Another clear signal that things are not as normal is the fact that Khazarian Presidential canditate Hillary Clinton has become too scared to meet actual real people and has begun using green screen to tape her campaign performances. That is because the people on the bounty list issued by the White Dragon Society have been vanishing from public view one by one. That is also because her mass murdering Bush/Clinton/Rockefeller mafia bosses are hated by a vast portion of the world’s awakening public,The Chinese, for their part, have given up on Hillary and, since they also have no love for Republican Candidate Donald Trump, are now considering a more radical move. They have invited  Canadian Prime Minister Justin Trudeau to visit China before the big September 4-5 G20 meeting the Chinese are hosting. Sources in Asian secret societies say the Chinese will ask Trudeau if he would be interested in leading a Mexican/American/Canadian North American alliance. 

    It is not clear, however, just how aware of reality Trudeau is. The Canadian corporate press parrots its US counterparts like the New York Times in presenting outright lies as facts. In their world view it was not the Saudis and their Bush/Clinton allies who used Sarin gas in Syria but rather the “dictator Assad” (never mind that he was elected in an internationally observed poll). In their world view as well Russia’s Vladimir Putin is an evil dictotor who invaded the Crimean Peninsula. The same press holds to the world view that Hillary Clinton is the reasonable status quo candidate and that Donald Trump is a crazy maniac who must not be allowed to have power. 

    This writer’s own mother, who gets her information from Canadian Newspapers and the Canadian Broadcast Corporation (CBC) held views along these lines. Robert Fulford, a prominent Canadian writer (not a direct relative of your correspondent), for example, wrote an editorial in the Canadian press that also went along with this world view. So it is quite possible Trudeau is still too brainwashed to understand the historical opportunity the Asians are going to offer him.

    In any case, the Chinese are going to try to make the most of the G20 meeting they are hosting. They have invited countries that are not in the G20 to participate as well as top European Union leaders in a sign they are going to push hard for big changes in the way this planet is run. The meeting follows months of concerted selling of US Treasury bonds by central banks all over the world. This time it is clear the Asians are not going to let the usual criminals take over after the US corporate government’s bankruptcy negotiations conclude.

    The owners of the Federal Reserve Board system for their part, are locked in a death spiral. They are printing their own fiat money, to buy shares and corporate bonds issued by their own companies. It is like a snake swallowing its own tail. Everybody else, including old fashioned pension fund managers and other institutional investors with intergrity, are avoiding the entire cesspool that US financial markets have become. 

    That is the real reason why Fed Chairperson Janet Yellen hinted at raising interest rates last week. If they do try to raise interest rales, it will have the opposite effect of what they expect, because it will be seen as a sign of desperation, not strength. Even looting the Japanese National Pension fund to the tune of over $100 billion is not enougth to help these criminal keep their empire solvent.

    The situation has become such that Jacob de Rothschild has warned that the system of central banks his family was instrumental in creating was headed for systems failure. 

    The Rand Corporation, a war mongering neo-con think tank, has reacted to the situation by saying the US should declare war on China sooner rather than later. However, they are about 10 years too late to make that call. At the time the Pentagon ran simulation after simulation involving a war with China and the result was always the same, the loser would unleash nuclear war and the result would be that 90% of the world’s population dies and the Northern Hemisphere of the planet becomes uninhabitable. That is the same reason why the Asians are not going to do anything arrogant that will provoke the military industrial complex into choosing mutually assured destruction. 

    Instead, the brainy part of the military industrial complex is already dealing with the situation with the compelling argument that we do not want to replace Khazarian mob rule with Chinese totalitarianism. The Japanese, Koreans, Indonesians, Vietnamese, Indians and others understand this argument as do the Chinese. 

    In the Middle East, the Pentagon is keeping to its deal with the Russians to divide their regions of influence along the Euphrates river with the Russians getting what is West of it while the Americans get what is East of it. The Turks are also now going along with this.

    The fighting now going on in the region is against mercenary armies working for oil companies still controlled by the Clinton/Bush/Rockefeller mafia. The Israelis have also figured this out and have invited the Russians in to try to help them find peace with their neighbours. This will mean they will have to give up their Messianic delusions about ruling the world from Jerusalem and accept a fair deal with the Palestinians and others. They no longer have a super power to manipulate into fighting for them and so must learn to be humble.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sun Sep 04, 2016 9:32 am


    https://www.youtube.com/watch?v=NeJpQQt_b8c
    Bloom Exposes FTT Scam & Central Banking Crooks


    https://www.youtube.com/watch?v=CxKQReTqxcA

    • Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group - http://www.godfreybloommep.co.uk

    • Debate: Common system for taxing financial transactions
    Report: Anni Podimata (A7-0154/2012): http://www.europarl.europa.eu/sides/g...

    - Report on the proposal for a Council directive on a common system of financial transaction tax and amending Directive 2008/7/EC - [COM(2011)0594 - C7-0355/2011 - 2011/0261(CNS)]
    (Committee on Economic and Monetary Affairs)

    -
    'Bluecard' question: Vladimír MAŇKA (Slovakia), Socialists group

    Transcript:

    "A Financial Transaction Tax sounds like a really good idea, doesn't it, it plays well politically. And we can hit those greedy bankers who we all hate in public, while we shovel money into their pockets in private. But I don't think it's quite going to work out that way.

    All taxes are passed on to customers at the end of the day. Sorry everybody, that's just how it works. So again it will be the little people that will pick up the tab. It'll be savers, it'll be pensioners and ordinary folk that pick up this tax, not the greedy, fat-cat bankers that you're trying to get at.

    And it's interesting, is it not, also if you look in the small print, they're saying some of the money raised can actually go towards, perhaps, saving future failed banks.

    So we know, we concede, do we not, that more banks are going to fail. And we know this because we have the same ridiculous, fractional reserve banking system, the same crooked, money-printing, criminal behaviour at the central banks, and so on and so forth. So nothing has changed.

    Another strong signal to bankers and politicians to continue the theft, but beware those who think taxing London is a risk-free game, and we mean London, don't we? Other EU countries, when it comes to financial services are Mickey Mouse.

    Financial services are 14% of UK GDP. The UK contributes £50 million a day to this crumbling institution. Don't kill the goose that lays your golden eggs. Zurich, Geneva, New York and Hong Kong are licking their lips wondering what piece of glorious stupidity we will come up with next.

    And an FTT is a special tax. What next? A special tax on sunshine holidays in Spain? High fashion in Paris? Luxury cars in Germany? Mobile phones in Finland? And a special perhaps justifiable tax on dreadful flatpack furniture from Sweden.

    It's coming up your street next. The greedy bureaucrats just want your money.

    [In a 'bluecard question' Socialist MEP Vladimír MAŇKA (Slovakia) asked rhetorically whether the FTT would help us out given the financial crisis, to which Mr Bloom replied:]

    "No, the problem we have is fractional reserve banking, which means banks lend money that they don't have; central banks and politicians who print money which degrades currency. That is your problem. It isn't regulation, it isn't taxation.

    It's because of the criminal behaviour of the world's central banks and until that stops nothing is going to change. There are a lot more bank failures coming down the road, believe me."
    ..................................
    • Video source: EbS (European Parliament)
    ..................................

    • EU Member States:
    Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom


    Last edited by Carol on Tue Sep 06, 2016 7:02 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Sep 05, 2016 12:03 pm

    Treasury Secretary Jacob J. Lew Remarks at the Brookings Institution: From Pittsburgh to Hangzhou: The Past, Present, and Future of the G-20
    https://www.treasury.gov/press-center/press-releases/Pages/jl0544.aspx


    http://asia.nikkei.com/Politics-Economy/International-Relations/China-US-commit-to-refrain-from-competitive-currency-devaluations


    http://tass.com/economy/897622


    IMF and World Bank leaders speak at B20 meeting
    http://english.cctv.com/2016/09/03/VIDEoWIUCSxseoMNIJyBYnr3160903.shtml


    https://www.middleeastmonitor.com/20160904-sadr-loyalists-stage-strike-in-iraq-for-new-government


    China-U.S. BIT talks make significant progress: MOC
    http://english.cri.cn/12394/2016/09/04/2021s939333.htm


    http://www.reuters.com/article/us-g20-china-usa-idUSKCN1190E9?il=0



    https://www.bloomberg.com/gadfly/articles/2016-09-04/putin-oil-freeze-exemption-for-iran-raises-questions-for-saudis



    http://www.reuters.com/article/us-mideast-crisis-syria-usa-obama-idUSKCN11A060
    http://www.reuters.com/article/us-mideast-crisis-syria-aleppo-idUSKCN11A0QD?il=0




    http://theduran.com/china-rolls-out-red-carpet-vladimir-putin-g20-obama-forced-exit-air-force-one-emergency-door/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Sep 05, 2016 12:04 pm

    Europe Is ‘Close To Limits’ On Mass Migrant Influx

    (AFP) Europe is “close to limits” on its ability to accept new waves of refugees, EU President Donald Tusk said Sunday, urging the broader international community to shoulder its share of the burden.


    “The practical capability of Europe to host new waves of refugees, not to mention irregular economic migrants, is close to limits,” he told a press conference on the sidelines of the G20 summit.
    A steady stream of refugees has flowed into Europe over the last year, largely fleeing from the civil war in Syria.
    The issue has become a political hot potato for leaders in the region as a series of Islamist terror attacks and rising anti-globalisation sentiment have combined to create an increasingly inhospitable environment for refugees from the brutal conflict.
    The highly publicised drowning of a three-year-old Syrian boy last year temporarily softened hostility to migrants, after pictures of his corpse lying on a Greek beach rapidly became an emblematic image of the suffering involved in their journeys.
    Germany threw open its borders and volunteers across Europe flocked to train stations and frontier crossings to welcome those fleeing war and poverty.
    But a major backlash swiftly followed. The EU’s outer borders have since come back down hard, the so-called Balkan migrant route has shut and anti-migrant sentiment has soared.
    Tusk said there were 65 million displaced people around the world, and “the G20 community should scale up its share of responsibility”.
    “We have enough space for all parties to discuss these problems including China,” he said, calling for financial assistance and development aid for migrants’ countries of origin. “Only global efforts will be able to bear fruits.”
    Recent comments from leaders in Germany and Italy have signalled a hardening of attitudes about how to resolve the migrant crisis reshaping politics across Europe.
    In March, the EU and Turkey signed a controversial deal aimed at stemming the flow of migrants to Europe.

    http://www.breitbart.com/london/2016/09/04/europe-close-limits-migrant-influx/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Sep 05, 2016 2:03 pm

    WATCH: Obama Admits TPP Isn’t About Free Trade


    On the subject of globalization, Obama did not acknowledge the phenomenon of eroding state sovereignty via the transfer of political power to international institutions. Also ignored were cultural disruptions to nations wrought by mass immigration - both legal and illegal - and exacerbated by the ethos of multiculturalism and related policies.


    With respect to inequality, the growing disparity of political power between citizens and government was not spoken of.


    Obama described his detractors on the issue of the TPP as broadly “opposed to trade,” essentially caricaturing disagreement as rooted in irrational and reflexive protectionist tendencies. Without mentioning him by name, Obama implied that Donald Trump is pushing or reflecting “populist anti-trade sentiment.”


    http://www.dailywire.com/news/8895/obama-admits-tpp-isnt-about-free-trade-robert-kraychik


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Sep 05, 2016 4:45 pm

    Crude Retraces Saudi-Russia Hope Spike As Traders Slash Bullish Bets By Most In 2 Years





    Having spiked over 5% on hopes of a "significant" announcement at a joint Russia-Saudi statement at the G-20 meeting, bulls were quickly disappointed, sending WTI back to a $44 handle as the two nations stopped short of taking any concrete steps to limit output. The inability to hold these gains on an illiquid day (with a US holiday) confirms the short-squeeze ammo is out. Furthermore 'longs' are losing faith as leveraged speculative positioning plunged by the most in over 2 years last week.



    US Faces Major Setback As Europeans Revolt Against TTIP




    At the turn of the century few argued when the 20th century was dubbed the "American Century." Over the past 16 years, America's fortunes have changed with dizzying speed. The safer bet is that the 21st century will not be America’s. The TTIP’s rejection by European leaders and grass roots’ protests against the agreement testify to the fact.

    Labor Day Summary: Wage Earners Have Taken A Beating





    Let's honor Labor Day by reviewing what's happened to wage-earners in the eight years since central banks "saved the financial system" with free money for financiers: It's really very simple: wage-earners have seen their real earnings stagnate or decline while those chosen few with access to near-zero interest borrowed capital have seen their net income and wealth explode higher.



    Labor Day Lament: "America's Workforce Smells Like India's A Half-Century Ago"




    Officially what we are celebrating on the first Monday of September is American labor, but what is really being celebrated is the success of capitalists again flummoxing the people and avoiding a real social revolution.


    How Central Banks Are LBOing The World In One Stunning Chart



    As of this moment, the 6 big central banks have a balance sheet that is equivalent to nearly 40% of global GDP, a number which if extrapolated will hit 50% just after 2018. Those wondering if this means that central banks are engaged in a creeping, stealthy, indrect LBO of the world's assets on behalf of third parties, the answer is perilously close to a resounding "yes."



    Trump Slams Yellen: The Fed Has Created A "Stock Bubble" And "A False Economy" To Boost Obama




    "The Fed is keeping the rates artificially low so the economy doesn't go down so that Obama can say that he did a good job. They're keeping the rates artificially low so that Obama can go out and play golf in January and say that he did a good job. It's a very false economy. That's only strong because it's free money because the rates are so low. It's an artificial market. It's a bubble."


    VIX Options Activity Signals Possible Volatility Spike




    Looking out 21 days after a low-volume signal from VIX put options,the S&P is sitting on an average loss of 0.7% -- well below its average "anytime" 21-day return of 1%. Meanwhile, the VIX is up nearly 26%, on average, 21 days post-signal -- easily outstripping its average return of 2.8% for this time frame.


    Obama Delivers On Vow To "Bankrupt" Coal Industry - Chart Of Mining Job Losses Is Staggering




    Turns out politicians do occasionally keep their promises....which, in this particular case, is really unfortunate news for America's coal miners.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Sep 05, 2016 8:41 pm

    One Trillion Euros Spent & This Is What Draghi Has To Show For It




    It's been 16 months since the European Central Bank began its voyage into the unknowable in March 2015, and as The FT notes, this week marks a milestone - it has now purchased over EUR 1 trillion in government (and corporate) bonds since it began QE. And despite utter crap like this from Nowotny: "monetary policy has proved more potent than thought,"the big problem is - it's not helping the real world...


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Sep 06, 2016 11:06 am

    Presidents Xi, Obama and Putin all hold press conferences following the G20
     
    Xi, Obama and Putin all gave historic post G20 press conferences today.


    Xi's speech is very slow but its content literally is the Global Reset spelled out line item by line item.  
     
    Obama literally states that there's a new financial system and the Paris Agreement will be implemented later this year (i.e. the gold standard).


    And Putin calmly confirmed each leader's remarks.


    China
    http://news.xinhuanet.com/english/video/2016-09/05/c_135650895.htm


    USA
    http://youtu.be/WVAAgcroH2Q


    Russia
    http://youtu.be/JBmvG_MKLoo


    Last edited by Carol on Tue Sep 06, 2016 2:32 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Sep 06, 2016 2:32 pm

    ANOTHER EARTHQUAKE: CANADA TO JOIN CHINA’S ASIA INFRASTRUCTURE ...
    http://gizadeathstar.com/2016/09/another-earthquake-canada-join-chinas-asia-infrastructure-investment-bank/
    http://www.therecord.com/news-story/6831877-canada-to-join-china-led-infrastructure-bank/


    So what is my high octane speculation here? Well, firstly, I suspect that behind closed doors in Ottawa, there are those in Canada who have the same misgivings about the direction of US foreign and domestic policy in the post-9/11 world, the world that has issued in unipolarism, and in a slew of foreign interventions that have proven to be such disasters that even former Carter Administration National Security Advisor and vowel-impaired Zbgnw Brzznsk has had to rethink this whole approach, an approach he himself advocated in his 1990s book The Grand Chessboard. This approach has issued in frayed alliances, growing discontent with American policy at a grassroots level both in Europe and North America, and more recently, to reappraisals of globalism and the American political class itself. Recall only that op-ed piece from the July 2015 issue of The Economist pointing out the calcification of the American deep state, with specific reference to Jeb Bush and (you guessed it), Darthillary. Of course, the Trudeaus have a "family history" of not being entirely pro-USA, but perhaps that crazy Bilderberger scheme from a few years back to detach the entire province of Quebec from Canada and annex it to the USA might have something to do with Canadian caution about its "neighbor" to the south.


    But I suspect there are other things going on in the background here besides the Trudeau family history and political views. And that can be expressed in one word: BREXIT. Why BREXIT? While it is true that Britons voted against the Brussels bureaucrats, one must remember that the Obama administration also put tremendous pressure on the United Kingdom to stay in the European Union, even threatening that if the UK left the EU it would go to "the back of the queue" in trade deals with the US. Well, it's very difficult to conduct trade with a nation that has outsourced most of its manufacturing, and whose military has tanks with a German gun made in the USA under license. In other words, it's hard to trade with people who don't make very much, except war. To be sure, things might be difficult in Britain for a period because of the BREXIT, but in the long run, it positions Britain to act in a true sovereign fashion and to manage its foreign relations and trade, and the signal of that was when the UK became a founding member of China's Asia Infrastructure Investment Bank, again, over the expressed opposition of the USA.


    So in my high octane speculation, I suggest that Canada's move might be reflecting what I predicted would emerge from the BREXIT, a revival of the Commonwealth as a way to coordinate policy and, simultaneously, to protect the values and institutions of western, and peculiarly Anglo-Saxon culture. If so, then expect similar moves from Australia and New Zealand, to be accompanied with similar opposition and threats from Washington. For the moment, that coordination will probably remain hidden, but I suspect it will gradually come more and more into the open.


    But whether or not these speculations will prove to be true or not, one fact remains in either case: Canada's action demonstrates just how low, and how frayed, the USA's alliances have become, and it is nothing less than a geopolitical earthquake."


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Sep 06, 2016 7:00 pm

    http://www.zerohedge.com/news/2016-09-06/40000-students-limbo-8000-employees-fired-itt-suddenly-shuts-down


    WorldAlternativeMedia:
    How Special Drawing Rights Will Destroy Economic Sovereignty – The New World Currency
    https://www.youtube.com/watch?v=3myQucbQ9Ww




    RTNews:
    Max Keiser Report: Will the dollar live to die another day?
    https://www.youtube.com/watch?v=HIY14IjHGRk


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Sep 06, 2016 7:04 pm

    Been thinking a lot about the coming Crash/Transition as we are so very close to it actually happening. As I have stated many times in the past, the Good Guys want it to happen in late September and the Bad Guys want it to happen in late October.

    All the things that I analyze on the Road to Roota are lining up perfectly for both target dates.

    The question I have now is HOW LONG WILL IT TAKE?

    How long will it take for the entire system to collapse?

    How long will it take to expose the Bad Guys and put them in jail?

    How long will it take for the People of the World to understand that there is no way to fix the old system?

    How long will it take for us to give up on the old ways and start something new?

    How long will it take to DECIDE what that new system will be and to reallocate money into the hands of the people?

    How long will it take?

    Here's where my mind has gone lately...


    1) The Good Guys want a quick transition. They want to "Pull the Band Aid"  but they are unsure if the people will be willing to change so quickly. The People are stuck in their old ways and any change this big has to be agreed upon...which is likely to delay the entire process.

    2) The Bad Guys want a "Slow Burn and The Long Haul." They want us to feel the pain and be so downtrodden that we have no choice but to return into their outstretched arms for survival while surrendering all of our freedoms and liberties.

    3) There will be many solutions offered up on how to keep the system in tact and the current controllers will try to fix the problems on their own using the only method they know how to use...PRINTING MONEY!

    4) Waves of hyper-deflation (real estate for example) and hyper-inflation (gold fever will hit but SILVER and BITCOIN will FLY PAST GOLD!) will be washing over humanity with everyone wondering what in the world is going on?! 

    It will be a very strange time for all.

    As for Roota's current estimated time frames:

    Good Transition: 1-2 months 

    Expected Transition: 4-6 months


    Bad Transition: 2-3 years

    During this time there will be a lot of chaos, rioting and death. It cannot be avoided ESPECIALLY if the Good Guys don't pull the Band Aid quickly.

    I have posted my latest Roota Update for Private Road Members here:


    http://www.roadtoroota.com/members/Updates.cfm


    Please - I beg of you - make your final preparations for the Transitions as soon as possible.
    There is no time left.

    May the road you choose be the Right Road..

    Bix Weir
    www.RoadtoRoota.com


    PS - My latest book "The Silver Lining" examines the different scenarios for the transition INCLUDING some stunning predictions for the prices of Silver and Bitcoin!


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Sep 07, 2016 12:39 am

    September 6, 2016
    http://circa.com/politics/us-gave-17-billion-to-iran-as-hostages-were-released-four-times-original-amount

    The Obama administration disclosed to Congress on Tuesday that it transferred a total of $1.7  billion in cash through Swiss banks to Iran around the time American hostages were released this year, about four times the amount originally disclosed to the public, sources told Circa.

    The news was delivered by the State, Defense and Treasury Departments in a private briefing to congressional staff who went into the meeting thinking they were learning more detail about the $400 million in payments originally reported in the news media.



    A source directly familiar with the briefing, who spoke only on condition of anonymity because he was not authorized to talk to reporters, said the money was sent to Iran via Swiss banks on three dates; Jan, 17, Jan. 19 and Jan. 22.

    The payments coincided with the release of a handful of American prisoners from Iran, including a Washington Post reporter.

    "The cash payments were four times what has been disclosed and they went through Swiss banks on their way to the Iranians."




    "Between January 2014 and July 2015, when the Obama administration was hammering out the final details of the nuclear accord, Iran was paid $700 million every month from funds that had previously been frozen by U.S. sanctions.


    A total of $11.9 billion was ultimately paid to Iran, but the details surrounding these payments remain shrouded in mystery, according to Mark Dubowitz, executive director at the Foundation for Defense of Democracies.



    In total, “Iran may have received as much as $33.6 billion in cash or in gold and other precious metals,” Dubowitz disclosed.



    “Iran had to have it in cash,” Paul Ahern, assistant general counsel for enforcement and intelligence at the Treasury Department, told lawmakers. “Iran was very aware of the difficulties it would face in accessing and using the funds if they were in any other form than cash, even after the lifting of sanctions.”



    “Not only has the delivery of the millions of dollars been perceived as a ransom, provided as an incentive to seize more hostages …. but because the money was delivered in cash the payment bolstered the strength of the Islamic Revolutionary Guard Corps and augmented its ability to finance and conduct terrorism,” he said.



    [link to freebeacon.com] 


    Last edited by Carol on Sat Sep 10, 2016 12:45 pm; edited 2 times in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Sep 08, 2016 1:34 pm

    BRICS New Development Bank (NDB) President Kundapur Vaman Kamath said that strengthening of the international role of the yuan is in line with the greater role that China is playing in the global economy.

    Read more: https://sputniknews.com/world/20160908/1045086382/yuan-imf-brics-bank.html





    CLINTON TELLS TRUMP TO SHUT UP ON FEDERAL RESERVE

    Zero Hedge notes:
    Desperate to change the narrative from her coughing fit, Hillary Clinton has come out swinging at Trump’s comments about how The Fed’s low interest rates have created an “artificially strong stock market,” exclaiming that presidentsand candidates should not comment on Fed actions, showing he should not be president.

    In other words, the president is subservient to the chairman of the Federal Reserve, not the other way around as most people think (or those who bother to think about it).
    The president nominates the chair and vice-chair of the private bankster cartel masquerading as a federal agency. He also appoints the seven members of the Board of Governors who are then confirmed by the Senate and serve fourteen year terms.
    If you think about it, the Federal Reserve decides who will be president. Clinton donors include Goldman Sachs, JP Morgan, Citigroup, and other financial institutions.
    Ditto Obama (Goldman Sachs, JP Morgan, Citigroup) and G.W. Bush (Morgan Stanley, Merrill Lynch, Goldman Sachs, Lehman Bros., Citigroup, Bear Sterns, Credit Suisse Group, Wachovia, JP Morgan, Bank of America).
    “In 1903 Banker’s Trust was set up by the Eight Families,” writes Dean Henderson. “Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.”
    The “eight families” are bankster dynasties, an oligarchy. They own most of the shares of the Federal Reserve and include the Rothschild Bank, the Warburg Bank, the Lazard Brothers, the Israel Moses Seif Bank, the Kuhn Loeb Bank, Goldman Sachs, JP Morgan, and Lehman Brothers.
    The chair of this cartel reports to Congress twice year on the Federal Reserve’s monetary policy objectives and members of Congress—most notably Ron Paul—have criticized monetary policy but this has virtually zero effect on the Fed’s decisions.
    “The Federal Reserve controls our money supply and interest rates, and thereby manipulates the entire economy – creating inflation or deflation, recession or boom, and sending the stock market up or down at whim,” writes the late Gary Allen. “Using a central bank to create alternate periods of inflation and deflation, and thus whipsawing the public for vast profits, had been worked out by the international bankers to an exact science.”
    This “science” is not the business of the president or Congress, let alone presidential candidates.
    It’s the business of the private banking cartel.
    Clinton knows the score, that’s why she told Trump to keep his mouth shut.
    http://www.thedailysheeple.com/clinton-tells-trump-to-shut-up-on-federal-reserve_092016


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Sep 08, 2016 3:10 pm

    Confirmed: Obama’s $1.7B Tribute to Iran Was Paid in Cash to Circumvent Sanctions


    On Tuesday, the Obama administration finally admitted something its critics had long suspected: The entire $1.7 billion tribute paid to Iran was tendered in cash — not just the initial $400 million infamously shipped to the Iranians in a cargo plane — at the same moment four American hostages were released.


    “Treasury Department spokeswoman Dawn Selak said in a statement the cash payments were necessary because of the ‘effectiveness of U.S. and international sanctions,’ which isolated Iran from the international finance system,” said ABC News, relating what might be one of history’s strangest humblebrags. The sanctions Obama threw away were working so well that he had to satisfy Iran’s demands with cold, hard cash!


    [link to www.breitbart.com]


    Last edited by Carol on Thu Sep 08, 2016 8:32 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Sep 08, 2016 8:31 pm

    Wells Fargo Fined $185 Million on Phony Accounts, Fires 5,300 Staff

    Wells Fargo Created Millions of Unauthorized Accounts, Regulators Say1:54


    California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. 


    A staggering 5,300 employees at Wells Fargo were fired in connection with this behavior, according to the Los Angeles City Attorney's office. 


    The San Francisco-based bank will pay $100 million to the Consumer Financial Protection Bureau, a federal agency created five years ago; $35 million to the Office of the Comptroller of the Currency, and $50 million to the City and County of Los Angeles. It will also pay restitution to affected customers. 

    A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois. REUTERS/Jim Young


    It is the largest fine the CFPB has levied against a financial institution and the largest fine in the history of the Los Angeles City Attorney's office. 


    The CFPB said Wells Fargo sales staff opened more than 2 million bank and credit card accounts that may have not been authorized by customers. Money in customers' accounts were transferred to these new accounts without authorization. Debit cards were issued and activated, as well as PINs created, without telling customers. 


    In some cases, Wells Fargo employees even created fake email addresses to sign up customers for online banking services. 


    "Wells Fargo built an incentive-compensation program that made it possible for its employees to pursue underhanded sales practices, and it appears that the bank did not monitor the program carefully," said CFPB Director Richard Cordray. 


    The behavior was widespread, the CFPB and other regulators said, involving thousands of Wells Fargo employees. 


    Los Angeles City Attorney Mike Feuer called Wells Fargo's behavior "outrageous" and a "major breach of trust." 
    "Consumers must be able to trust their banks," Feuer said. 


    Wells Fargo's aggressive sales tactics were first disclosed by The Los Angeles Times in an investigation in 2013. The story series prompted the Los Angeles City Attorney office to sue Wells Fargo over its tactics. 


    In a statement, Wells Fargo said: "We regret and take responsibility for any instances where customers may have received a product that they did not request." Wells Fargo said they've refunded $2.6 million in fees associated with any product that was opened without authorization. 


    Despite the LA Times investigation, Wells Fargo is still known for having aggressive sales goals for its employees. Wells Fargo's executives highlight every quarter the bank's so-called "cross sale ratio," which is the number of products the bank sales to each of their individual customers. The ratio hovers around six, which means every customer of Wells Fargo has on average six different types of products with the bank. 


    http://www.nbcnews.com/business/business-news/wells-fargo-fined-185-million-improper-account-openings-n645031


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Sep 09, 2016 7:21 pm

    Simon Parks: "THERE IS A HUGE CRASH COMING AND I AM GOING TO NAME THE BANKS. DEUTSCHE BANK WILL BE THE FIRST TO GO. Then, it’s either going to be CITY BANK IN THE UNITED STATES OF AMERICA or BARCLAY’S BANK IN GREAT BRITAIN. WHEN THOSE THREE BANKS GO, THERE WILL BE AN ECONOMIC COLLAPSE IN THE WESTERN WORLD, and THERE WILL BE NO FOOD AND WATER FOR A PERIOD OF ABOUT THREE WEEKS." 


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Sep 10, 2016 12:46 pm

    September 6, 2016
    http://circa.com/politics/us-gave-17-billion-to-iran-as-hostages-were-released-four-times-original-amount

    The Obama administration disclosed to Congress on Tuesday that it transferred a total of $1.7  billion in cash through Swiss banks to Iran around the time American hostages were released this year, about four times the amount originally disclosed to the public, sources told Circa.

    The news was delivered by the State, Defense and Treasury Departments in a private briefing to congressional staff who went into the meeting thinking they were learning more detail about the $400 million in payments originally reported in the news media.



    A source directly familiar with the briefing, who spoke only on condition of anonymity because he was not authorized to talk to reporters, said the money was sent to Iran via Swiss banks on three dates; Jan, 17, Jan. 19 and Jan. 22.

    The payments coincided with the release of a handful of American prisoners from Iran, including a Washington Post reporter.

    "The cash payments were four times what has been disclosed and they went through Swiss banks on their way to the Iranians."




    "Between January 2014 and July 2015, when the Obama administration was hammering out the final details of the nuclear accord, Iran was paid $700 million every month from funds that had previously been frozen by U.S. sanctions.


    A total of $11.9 billion was ultimately paid to Iran, but the details surrounding these payments remain shrouded in mystery, according to Mark Dubowitz, executive director at the Foundation for Defense of Democracies.



    In total, “Iran may have received as much as $33.6 billion in cash or in gold and other precious metals,” Dubowitz disclosed.



    “Iran had to have it in cash,” Paul Ahern, assistant general counsel for enforcement and intelligence at the Treasury Department, told lawmakers. “Iran was very aware of the difficulties it would face in accessing and using the funds if they were in any other form than cash, even after the lifting of sanctions.”



    “Not only has the delivery of the millions of dollars been perceived as a ransom, provided as an incentive to seize more hostages …. but because the money was delivered in cash the payment bolstered the strength of the Islamic Revolutionary Guard Corps and augmented its ability to finance and conduct terrorism,” he said.



    [link to freebeacon.com] 


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Sep 10, 2016 6:22 pm

    http://www.reuters.com/article/us-britain-eu-trade-idUSKCN11G0DR?il=0


    http://www.reuters.com/article/us-china-myanmar-idUSKCN11G02Q


    http://www.reuters.com/article/us-britain-eu-trade-idUSKCN11G0DR?il=0


    http://www.reuters.com/article/uk-mideast-crisis-syria-turkey-idUSKCN11G0E9?il=0


    China's reviving the American heartland — one low wage at a time 
    http://www.msn.com/en-us/money/markets/chinas-reviving-the-american-heartland-%e2%80%94-one-low-wage-at-a-time/ar-AAiI2GA?li=BBnbfcN

    Exposing How China "Cheats On Trade" In The Aluminum Industry




    Trump has made international trade a cornerstone of his campaign with promises to go after countries like China which he has labeled a "currency manipulator" that "cheats on trade."  Here is a stunning look into China's effort to "cheat" on aluminum trade.


    "If Everything's Going So Great, How Come I'm Not?"




    Whether it's struggling to keep up with the rising cost of living, a 0% return on savings, working longer hours while real wages stagnate, scrimping to pay back education loans, despairing at the abuses of power in our banking and political systems, or lamenting the loss of nourishing social interaction in our increasingly isolated and digital lifestyle - most "regular" people find their own personal experiences to be at odds with the rosy "Everything is awesome!" narrative trumpeted by our media.


    Iconic Hedge Fund Perry Capital Loses 60% Of AUM As Investors Flee




    The hedge fund run by Goldman alum Richard Perry, has lost more than half of its assets in less than a year after posting declines since 2014.Perry's assets slumped to $4 billion as of the end of August compared with $10 billion in September last year. The reason for the tremendous outflows is that Perry has posted losses of 18.4% from the beginning of 2014 through July of this year.

    Deutsche Warns Of 10% Decline as Market Reaches "Mania" Level




    Realized volatility in the US equity markets has been extremely low, and much discussed, but, as Deutsche Bank's David Bianco warns this is "the quiet before the storm." There are five catalysts for increased vol through Autumn but most worrying is the "High P/E, Low VIX" scenario is very risky having reached "mania" levels.



    Friday Was Just The Start: Here Are Goldman's 5 Reasons Why The Selling Will Continue






    (1) Goldman's Sentiment Indicator shows an extreme bullish reading of 95 which suggests the index will decline during the next four weeks; (2) Political uncertainty will rise as the election approaches leading to a lower P/E multiple; (3) Recent economic data has disappointed; (4) Downside risk to EPS forecasts; (5) Equity valuation remains extended.


    Time To Get Real, Part 1: Central Banks






    In a world where fair value is a central bank veiled enigma it’s frankly a challenge to keep things real...


    Bloomberg Tries To Explain Why Allowing 9/11 Victims To Sue Saudis Is Un-American






    Given the Obama administration's (and Hillary's campaign financing) vehment dissent over The House and The Senate's unequivocal confirmation of a bill allowing 9/11 victims' families to sue Saudi Arabia, the mainstream media has been unleashed to change the narrative. First, CNN's Wolf Blitzer explained the bill could create economic collapse in America; and now Bloomberg's Editorial Board suggest it will "allow anti-American sentiment to flourish," potentially expose state secrets and "potential monetary costs," and "leave the U.S. vulnerable to on the global stage."




    Incompetent But Not Weak: "The Fed Doesn't Know Whether To XXXX Or Go Blind"





    The outlook for the US economy is deteriorating, yet the Fed is trying to raise overnight rates to keep unseen inflation from rising. Success in its strategy could force consumption lower, unemployment higher, and exacerbate real output contraction. The market, however, should not underestimate the Fed’s power based on its apparent incompetence.


    Last edited by Carol on Sat Sep 10, 2016 6:25 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Sep 10, 2016 6:24 pm

    If You're Over 40 In Silicon Valley Then You're "Getting Too Old For This XXXX"






    If you have anything over a 4 handle on your age then you might have a difficult time landing a new gig in Silicon Valley.  But if you insist, here are a couple of things that might help improve your odds...hopefully you're cool with plastic surgery and binge watching the Kardashians.




    Negative Interest Rates & The War On Cash, Part 3: "Beware The Promoters"






    The main promoters of cash elimination in favour of electronic currency are Willem Buiter, Kenneth Rogoff, and Miles Kimball... in order to implement substantially negative interest rates..."If all central bank liabilities were electronic, paying a negative interest on reserves (basically charging a fee) would be trivial. But as long as central banks stand ready to convert electronic deposits to zero-interest paper currency in unlimited amounts, it suddenly becomes very hard to push interest rates below levels of, say, -0.25 to -0.50 percent, certainly not on a sustained basis. Hoarding cash may be inconvenient and risky, but if rates become too negative, it becomes worth it."




    Deutsche Bank: The US May Now Be In A Recession






    Based on corporate balance sheets and income statements, the US economy may be in a recession as of this moment... and if it isn't, even just one rate hike by the Fed, either in the September 21 meeting or in December, will assure that the backbone of corporate America, already straining under record debt and tumbling profits, will finally snap.




    Why The Eurozone Will Self-Destruct






    Fireworks are going off in Germany again in yet another battle between Wolfgang Schaeuble, Germany’s finance minister, and the ECB.




    US, Russia Clinch "Breakthrough" Syria Deal Over Vodka, But There Is A Catch






    The US and Russia hailed a breakthrough deal on Saturday to put Syria's peace process back on track, including a nationwide truce effective from sundown on Monday. There was just one catch: the terms of the latest deal are a secret, and nobody knows what was actually decided, as both sides agreed not to release the documents publicly.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    enemyofNWO

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    Location : Trieste ,Italy

    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  enemyofNWO on Tue Sep 13, 2016 10:15 am

    Carol wrote:

    If You're Over 40 In Silicon Valley Then You're "Getting Too Old For This XXXX"








    If you have anything over a 4 handle on your age then you might have a difficult time landing a new gig in Silicon Valley.  But if you insist, here are a couple of things that might help improve your odds...hopefully you're cool with plastic surgery and binge watching the Kardashians.




    Negative Interest Rates & The War On Cash, Part 3: "Beware The Promoters"








    The main promoters of cash elimination in favour of electronic currency are Willem Buiter, Kenneth Rogoff, and Miles Kimball... in order to implement substantially negative interest rates..."If all central bank liabilities were electronic, paying a negative interest on reserves (basically charging a fee) would be trivial. But as long as central banks stand ready to convert electronic deposits to zero-interest paper currency in unlimited amounts, it suddenly becomes very hard to push interest rates below levels of, say, -0.25 to -0.50 percent, certainly not on a sustained basis. Hoarding cash may be inconvenient and risky, but if rates become too negative, it becomes worth it."




    Deutsche Bank: The US May Now Be In A Recession








    Based on corporate balance sheets and income statements, the US economy may be in a recession as of this moment... and if it isn't, even just one rate hike by the Fed, either in the September 21 meeting or in December, will assure that the backbone of corporate America, already straining under record debt and tumbling profits, will finally snap.




    Why The Eurozone Will Self-Destruct








    Fireworks are going off in Germany again in yet another battle between Wolfgang Schaeuble, Germany’s finance minister, and the ECB.




    US, Russia Clinch "Breakthrough" Syria Deal Over Vodka, But There Is A Catch








    The US and Russia hailed a breakthrough deal on Saturday to put Syria's peace process back on track, including a nationwide truce effective from sundown on Monday. There was just one catch: the terms of the latest deal are a secret, and nobody knows what was actually decided, as both sides agreed not to release the documents publicly.


    Carol wrote:
    If You're Over 40 In Silicon Valley Then You're "Getting Too Old For This XXXX"



    Spot on ! Most people do not know this fact . But electronics as a branch of Physics is very demanding and every year new devices come on the market with different characteristics that take times to get used to and (learn ) . Electronic engineering is one of the most dynamic fields in the world . In a few years after graduation the electronic engineer would have to go though some training courses to adjourn the knowledge . The progress is continuous and at a breathtaking pace . In ten years the knowledge learned becomes obsolete and that is the reason that employers prefer new comers fresh from Uni or colleges . Studyiing electronics is not worth the money spent to learn it because the working career could be brief . It is not like learning to make shoes o repair them that skill could serve well for a lifetime . To survive in the electronic field a person must adapt to different conditions and jobs requirement .
    After a short career in electronics the option to land a new job are not very good .
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    Carol
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    Location : Hawaii

    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sun Sep 18, 2016 9:26 am


    https://www.youtube.com/watch?v=A2rTvdKlAgE
    After Chinese G-20 Snub on Obama, Putin, Saudi Oil and Rothschild Bankers send Serious Messages
    Very Interesting.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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