Central Banks

Bankers Going for Broke Because They Know it’s Broke [Video]

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GriffinGreg Hunter – Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told.

Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’

That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.” Continue reading →

Global Debt Bubble a Gigantic Time Bomb [Video]

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SchiffGreg Hunter – Money manager Peter Schiff says the Federal Reserve has already started a new money printing program that continues to expand the debt bubble and keep global markets propped up.

This started abruptly last month in what is called the “repo market,” where the Fed provides liquidity for traders of short-term money or overnight funding. Schiff says, “When the Fed was doing QE3, they were buying $85 billion worth of debt per month. They (Fed) just did $176 billion in three weeks, and they say they are not doing QE. So, the Fed is monetizing more debt not doing QE than when they were doing QE, which means they are doing it and they are going to have to do more of it.

The reason they are doing it is because the markets are finally trying to move interest rates higher because the Fed has been suppressing them.  They are artificially low, and these artificially low interest rates have done tremendous damage to the economy over the years.

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Inflation Chickens Will Come Home to Roost

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schiffGreg Hunter – Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks to the monetary excesses applied by the world central banks, but now we are at a point where all these inflation chickens are going to come home to roost.

It will not be in stock prices or real estate prices or bond prices, but in good old fashioned consumer prices. Food, energy and all the things that we need to live are going to get a lot more expensive.”

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Central Banks Have Gone Rogue, Putting Us All at Risk

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central banksEllen Brown – Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.

Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves. An estimated 30 to 40 central banks are invested in the stock market, either directly or through their investment vehicles (sovereign wealth funds). According to David Haggith on Zero Hedge:

Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working . . . . At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market. Continue reading →

They Need the Markets to Implode

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zangGreg Hunter – Market analyst Lynette Zang says even with the new tax cuts passed in Congress, the market looks like “it’s running out of steam.” Zang explains, “I have been noticing in the past month some pattern shifts that would indicate to me the market is struggling and breaking down.

So, these tax cuts make earnings per share look a lot better and also brings back a lot of funds. . . . The CEOs are saying that money will go into share buybacks, and they need to because that is shifting. . . . Corporate buy backs are actually breaking down.”

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