You Are Here: Home » News » Economic Collapse (Page 2)

Central bank policies are proved to only aid 1%ers as the Fed Vice-Chairman admits the bank picks winners

Following the annual Jackson Hole meeting of U.S. central bankers a week ago, the Vice-Chairman of the Federal Reserve admitted something that most 'conspiracy theorists' had already deduced... that the private bank not only picks winners and losers in the economy, but overwhelmingly does so for the 1%ers. Stanley Fischer: Well, clearly there are different responses to negative rates. If you’re a saver, the ...

Read more

Major Bank Official: Banks Are ‚ÄúPreparing for an Economic Nuclear Winter‚ÄĚ

After years of giveaways to megabanks, marketed to the taxpayers as ‚Äėquantitative easing,‚Äô the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse. In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free fall. ‚ÄúThe ...

Read more

Germans join the Japanese in rushing out to buy safes as their trust in banks erodes

Earlier this year, a story broke about thousands of Japanese rushing out to purchase home safes to store their cash in since trust in their banking system fell off a cliff with the advent of negative interest rates.  Now on Aug. 30, this same phenomenon is occurring thousands of miles away in Germany, where the people in the largest EU nation are making their own 'run against the banks' in the wake of two f ...

Read more

Did China just validate the world is in recession?

Contrary to the West's belief that the state of the U.S. economy determines the state of the global economy, in today's world the real indicators on whether the economy is in a a growth phase or in recession come from China. China is the world's largest manufacturing power, and also has the world's largest banking system.  And when you couple this with the fact that they are also the world's largest exporte ...

Read more

Creator of Dodd-Frank banking law begs Fed to do anything to stop a market crash to protect Hillary in election

Former Congressman and co-creator of the nefarious Dodd-Frank Wall Street Reform Act, Barney Frank, spoke to The Hill over the weekend and told the publication that he is advising the Federal Reserve to do everything in their power to stop the market from crashing before the November election.  And this especially includes ensuring that there are no rate hikes in September which could severely diminish Hill ...

Read more

Finland bringing back discussions of helicopter money directly to consumers

Earlier this year, Finland broached the idea of a direct payments to consumers as a means to help stimulate their economy.  Known in the mainstream as 'helicopter money' after former Fed Chairman Ben Bernanke declared he would do anything including dropping money from a helicopter to stimulate growth, this scheme has also been suggested in country's such as Switzerland and Japan. And while the idea went on ...

Read more

Brother can you spare a Dollar Store?

If Walmart is the bellweather corporation for the retail sector, then places like Dollar General and Dollar Tree are the bellweather for the consumer.  And on Aug. 25 these two discount retailers showed their cards by lowering earnings estimates for the rest of the year, and are lowering prices on many staple products because they believe that 'things are worse for the consumer due to hikes in rents and hea ...

Read more

The invisible hand always wins: Interbank lending rates rising despite central bank ZIRP and NIRP policies

One of the biggest reasons why economic events such as hyperinflation are so devastating is because they occur in a flash, and usually beyond the reach of governments and central banks to be able to stop them.  And in a nutshell, the invisible hand of market forces will always outdo anything man can construct to oppose them, just as nature will always win out over technology in the long run. And now we are ...

Read more

Pension funds now going full retard as they begin to sell options on equity holdings to earn yield

At the core of the nation's colossal debt bubble is of course the Federal Reserve, and their zero/negative interest rate and money printing policies that have destroyed many sectors in the overall economy. And one of the biggest victims of the Fed's capital destruction is without a doubt the multitude of local, state, federal, and private pension funds that require high returns on their investments, and whi ...

Read more

FDIC closes bank in Georgia, first one in over three months

On Aug. 19, the FDIC closed down their fourth bank for 2016 as The Woodbury Banking Company  shuttered its doors.  This institution is the first bank failure in over three months, with First Cornerstone Bank being closed down by regulators in on May 6. This bank failure is also the first for the month of August, and brings the overall number of bank closures in 2016 to 4. 8/19/2016 *** Georgia *** Woodbury ...

Read more

Did Obama just create a new Executive Order in expectation of cancelling the November election?

The 20th Amendment lays out the line of succession for the Presidency in case of a catastrophic event which sees the Commander-in-Chief and the Vice-President killed, incapacitated, convicted of a crime, or leave office of their own accord.  And we saw this in action back in 1974 when Nixon's VP Spiro Agnew resigned prior to the President, and where the House Speaker Gerald Ford by law slid into the Preside ...

Read more

Greek government implements new capital controls to force registration of all assets including cash

On Aug. 14, the Greek Finance Ministry ordered the implementation of perhaps the most stringent capital controls in decades against their own people by ordering citizens to declare all assets they own, including cash down to the last euro. This program is the first step in a larger scheme set to commence in February of 2017 where the government is able to track the wealth of every individual, and if necessa ...

Read more

© 2012 Secrets of the Fed