Substituting financialization for sustainable economic expansion

What If Stocks, Bonds and Housing All Go Down Together?
“The problem with trying to solve all our structural problems by injecting “free money” liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences.”
“As noted yesterday, the Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates.”

Despite ‘Promises’, Japanese Market Chaos Continues

Nikkei Futures Resume Plunge

Kyle Bass – Bank of Japan’s 2013 QE dry powder only 1% of Govt bond market
“Bass: It doesn’t look to me like BOJ’s (QE) plan is big enough.”

CME Hikes Nikkei-Associated Margins By 33%

“Beginning Of The End” For Japanese Economy
“The surge in Japanese long-term interest rates is likely causing some lost sleep among bond market participants and policymakers (despite their ignorance of the moves in the BoJ minutes) as Nomura’s Richard Koo notes, if this trend continues (now added to by the collapse in stock prices) it could well mark the “beginning of the end” for the Japanese economy. Although the stock market has (until now) welcomed the yen’s continued slide against the dollar, Koo warns that this trend needs to be carefully monitored, as simultaneous declines in JGBs and the yen can be interpreted as a loss of faith in the Japanese government and the Bank of Japan. The biggest concerns are that the extreme volatility in Japanese stocks and bonds is occurring at a time when the BOJ was buying large quantities of government bonds. It is now clear that even large-scale BOJ purchases of JGBs cannot stop yields from rising. Simply put, Koo notes, the BoJ needs to rein itself in and state it will not stand for overshooting inflation expectations or the ‘bad’ rise in rates could crush both the nascent recovery and the nation’s banking system.”

Bass On Japan’s Turbo QE: “It Won’t Be Enough”

Europe Opens $80 Trillion Shadow Banking Pandora’s Box: Will Seek To Collapse “Collateral Chains”
“making wanton asset rehypothecation a thing of the past”
“scramble to obtain the true underlying assets finally begins.”
I’ve got my physical silver so I’ll just st back and watch the fireworks.

HSBC’s $1.9bn money laundering settlement could be rejected
No mention of the fact that the suspected sums of laundered money  was $60 TRILLION – THAT’S TRILLION WITH A ‘T’.

Spot The Trend In US Durable Goods And CapEx Spending

The Housing UnRecovery Is Here: Architectural Billings Plunge Most Since 2008

Wells Fargo Forecloses On Homeowner For Making Early Mortgage Payments

The Rout In Spain
“Spain has already gone bankrupt. It is not spoken of in this fashion, no one mentions it in public but that is the truth of it. The money, some $172 billion, was funneled to the banks and not to the sovereign in one more European ruse to distract everyone but the results are the same. Now it is becoming apparent that even this amount of money was not enough so more will have to be given. The money will go to the Spanish banks, the debt will be guaranteed by Spain, the contingent liability will not be counted as part of Spain’s debt to GDP ratio but we will know the truth of it. Whatever direct money from Spain that goes into their banks will be called an “investment” and put on the left side of their balance sheet as an asset and the mockery will continue but I can still read a ledger; thank you very much.”

Hong Kong Police Investigate Failed Mercantile Exchange (2) READ MORE
“Police began probing the Hong Kong Mercantile Exchange Ltd., owner of the failed commodities market set up by a member of the city’s cabinet, after the securities regulator found suspected financial irregularities.”

Turk – We Are Witnessing Extraordinary Events In Gold & Silver

Monetary Rapture: The Incredible Disappearing Gold Inventory READ MORE

Poll Shows Overwhelming Opposition to US Attacking Syria

Lords Call To Revive Internet Monitoring Bill After Woolwich Killing
“Internet monitoring ‘back on the agenda’”
Do we ban bath tubs when someone slips in the bath ?

Muslim connected to British intelligence says there will be more “lone wolf” attacks
Again with the fear porn.

Britain’s MI5 agency knows about Woolwich suspects

“I know the busker who watched it all. “He said they put chalk marks on the ground where the actors, sorry terrorists, involved had to stand. “He said it was so obviously fake; the police threatened to beat him up unless he moved and kept his mouth shut.”

London Beheading Hoax Confirmed?
“The world is all a stage. Call me jaded, cynical, skeptical or even out right crazy but this event has all of the same earmarks as the Sandy Hook, The Boston Marathon Bombing and so many recent events. The stage is a some-what well organized area, actors seem to be placed in strategic areas waiting for their cue and once again we see the remarkable absence of blood. The story as reported by Sky News and the BBC are also full of anti-Islamic propaganda, even going so far as to claim the “perpetrator” yelled“Allahu akbar,” just before beheading the man.”

Rand Paul: Obama Embroiled In ‘Old MacDonald’s Farm’ Of Scandals

Every Plant on Earth has been Programmed over 50 Million Years of Evolving – Along with Us! – to Grow Key Chemicals Critical to Our Health…

Scientists Discover Bt Toxins Found In Monsanto Crops Damage Red Blood Cells
Is this the kind of thing that Monsanto needs immunity for ?
Should anyone die from damaged red blood cells that lead back to Monsanto, a court of law would supposedly not be allowed to hold Monsanto responsible for manslaughter.

Monsanto-Federal revolving door

Under Obamacare, cancer patients could pay thousands of dollars a month out of pocket for treatment

Terracide and the Terrarists: Destroying the Planet for Record Profits
“We have a word for the conscious slaughter of a racial or ethnic group: genocide.  And one for the conscious destruction of aspects of the environment: ecocide.  But we don’t have a word for the conscious act of destroying the planet we live on, the world as humanity had known it until, historically speaking, late last night.  A possibility might be “terracide” from the Latin word for earth.  It has the right ring, given its similarity to the commonplace danger word of our era: terrorist.”

Activist calls for ‘Pure Food Movement’ among GMO fears

The trial of Vernon Hershberger, another raw milk farmer facing prison time for producing real food
“In case you missed it, Vernon is one of many family-scale farmers that in recent years has been illegally targeted by both the state and federal government for producing clean food and sharing it with his friends and neighbors. Vernon has been operating a private food club that distributes raw, unpasteurized milk and other goods from his farm to local shareholders, a setup that does not require, and actually prohibits, the uninvited involvement and interference of state and local governments.”

No Mention of “Liberty” Allowed During Hershberger Raw Milk Trial
“Simply put, the government would like to eradicate “herd share” type agreements that act outside the State. But, that would be similar to outlawing horse boarding, co-ops and Craigslist interactions. Agents twist this practice so that it magically becomes a “retail establishment.” There seems to be a major bias from the court against Vernon, but he remains in good spirits and can be seen on Facebook pages smiling with his supporters.”
It’s as if the declaration of independence has been repealed.
“The First Amendment was the first casualty in the case. Although it sounds like it comes from a Monty Python movie (The Life of Brian), the words “raw milk” are not allowed to be spoken during the trial. Mark McAffe was ordered to cover his shirt because it said: “get raw milk.” A teenager wearing a “Raw Milk Me” button was asked to remove it before entering.”
“Hershberger judge OKs prosecution objections to defense atty saying WI farmer’s “liberty” be at stake — no more mention of “liberty” allowed. [emphasis added]”
So where the declaration of independence say ‘life, liberty and the pursuit of happiness’, this court has just stripped out the liberty part of it.

Modern Wheat Is The ‘Perfect Chronic Poison’ Says Expert
“At some point in our history, this ancient grain was nutritious in some respects, however modern wheat really isn’t wheat at all. Once agribusiness took over to develop a higher-yielding crop, wheat became hybridized to such an extent that it has been completely transformed from it’s prehistorical genetic configuration. All nutrient content of modern wheat depreciated more than 30% in its natural unrefined state compared to its ancestral genetic line. The balance and ratio that mother nature created for wheat was also modified and human digestion and physiology could simply could not adapt quick enough to the changes.”
““If three people lost eight pounds, big deal,” he said. “But we’re seeing hundreds of thousands of people losing 30, 80, 150 pounds. Diabetics become no longer diabetic; people with arthritis having dramatic relief. People losing leg swelling, acid reflux, irritable bowel syndrome, depression, and on and on every day.””
“To avoid these wheat-oriented products, Davis suggests eating “real food,” such as avocados, olives, olive oil, meats, and vegetables. “(It’s) the stuff that is least likely to have been changed by agribusiness,” he said. “Certainly not grains. When I say grains, of course, over 90 percent of all grains we eat will be wheat, it’s not barley… or flax. It’s going to be wheat.”

Parking Tickets Issued on Wrecks while Stockholm Burns
“When questioned, the officer explained that the ticket was issued because the vehicle lacked a tag showing its time of arrival. The fact that the vehicle had been effectively destroyed – its windshield smashed and the interior heavily damaged by fire – was irrelevant according to the meter maid, who asked Fria Tider’s photographer to destroy the photos he had taken. Her employer, the parking company P-service, refused to comment when Fria Tider contacted them on Wednesday afternoon.”
How can the vehicle owner drive away a vehicle that has been destroyed ?
Some people really are so f**king stupid.
I suppose they are falling back on the ‘following orders’ defense that didn’t work out to well for the leaders of Nazi Germany.


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