You Are Here: Home » News » Banking Cartel

Bankster economist who called for an end to cash now calls for global QE4

It is incredibly funny when you realize that most market projections are determined by banks and economists who have a monetary interest in the outcome of their own analysis.  From the forecasting of quarterly earnings for individual stocks, to telling the Federal Reserve how they should perform monetary policy, the casino known as Wall Street is simply a segregated environment where 1%ers vie with other 1% ...

Read more

Another mainstream publication calls for the banning of cash

We have talked about in the past a paper published by a Harvard professor which argued that a ban on cash would be beneficial to helping the central bank perform monetary policies that give them much more latitude in the economic and financial arenas.  Of course, this 'educator' failed to recognize that it is not the fault of money that was ever the issue, but rather that fallible bankers, who are more ideo ...

Read more

Fed may have to enact QE4 just to buy up bonds being sold by China

In an interesting observation made on Aug. 27 by analysts at Bank of America, Chinese dumping of dollar reserves (Treasuries) may create such an impact on the United States, that the Fed would have to throw away any thought of raising interest rates and instead look very hard at implementing a new round of quantitative easing just to soak up the estimated $1.1 trillion that will be dumped onto the markets. ...

Read more

Is the ‘flight to safety’ in treasuries really the result of Fed mopping up China’s dollar dump?

Over the past two weeks we have seen the U.S. 10 year treasury roller coaster from a level of 2.2% on Aug. 17, to a low of 1.95 a week later.  Yet since that time the 10 year has moved back above the 'Mendoza line' to its current position of 2.12%.  And of course, the common response in the mainstream media to this drop in yield and spike in buying was due to a 'flight to safety' as traders exited the equit ...

Read more

Is the Fed using a loophole to prop up the stock markets through the Swiss central bank?

When the Federal Reserve was instituted back in 1913, it came into being with just two primary mandates.  The first was to curb inflation through the adjustment of interest rates,  and the second was to be a lender of last resort for troubled banks in need of liquidity.  Over time however, Congress pushed a third mandate onto their balance sheet, which was to ensure full employment in the economy. But after ...

Read more

Bankrupted Nobel prize winning economist says economy needs more debt

When the Nobel committee handed out their prize for Economics to Paul Krugman back in 2008, the selectors must have thought they were giving it to Jack Klugman as a life-time achievement award, because the sad fact is the man is little more than the butt of jokes when it comes to speaking out on financial and economic matters today. And as the equity and bond markets start to crack in the U.S. during this m ...

Read more

Jeb Bush revealed to be just another shill for the bankers

One of the stigmas that will forever remain on former President George W. Bush's legacy was his ceding to the banks, and his standing with Hank Paulson to use taxpayer funds to bailout the financial industry after the 2008 credit crisis.  And as we begin to look more into the plethora of Republic candidates vying for the White House in 2016, we find something very interesting regarding the next Bush family ...

Read more

Get ready for next move against dollar as IMF delays Yuan inclusion to SDR for a year

On Aug. 19, the IMF announced that they were delaying the decision to include the Chinese Yuan (RMB) into the SDR basket of currencies for at least one year, or until Sep. 30, 2016.  The decision to exclude the Yuan in next year's basket content was determined a week ago, but the announcement to go forward with allowing China to stabilize and strengthen its currency was only released today. IMF executive bo ...

Read more

Greece to have 1000 Bitcoin ATM’s installed as corrupt banking forces alternatives

With the final vote made last night to accept the parameters of the Greek bailout deal, the people of Greece are expected to have to endure another decade of high unemployment, capital controls, low GDP, and of course austerity.  But as with most societies that finally recognize that their governments and financial systems no longer work for their benefit, the rise of black markets and alternative means of ...

Read more

Yes Virginia, contrary to ECB rhetoric there will be a Greek depositor bail-in

After Greece changed course back in July and accepted the Troika's demands for austerity measures to receive a new bail-out, the assumption was that only bond holders would be subject to any sort of risk that might see their securities decline, or perhaps even fall to zero.  Yet as one knows in the financial industry, and in the case of central bank policies, you can never fall asleep believing that your mo ...

Read more

Slowly but surely, Goldman Sachs is taking over the Western banking system

It is fascinating to think that just seven years ago, Goldman Sachs was on the cusp of bankruptcy.  However, thanks to a former CEO of Goldman (Hank Paulson) being in place as the Secretary of the Treasury at the time of the financial meltdown, the bank to the elite was saved when taxpayers bailed out AIG, and allowed Goldman to collect 100% on their worthless securities. And since this recovery by Goldman ...

Read more

© 2012 Secrets of the Fed