INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

**Carol** Wed Apr 20, 2016 10:42 am

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Post n°851

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Apr 20, 2016 10:42 am

Indonesia to Restart Talks on Fewer Zeroes For Rupiah Notes

During a central bank event Monday, Bank Indonesia Governor Agus Martowardojo promised that dropping the zeroes “will not erode the value of the rupiah.” He then cited Turkey, which trimmed six zeroes from its banknotes in 2005, as an example of a successful redenomination.

Deliberations on the redenomination were put to a halt last year after the rupiah currency fell 21% against the U.S. dollar. At the time, officials said redenomination could only be successful if the country’s macroeconomic conditions were stable. Over the past year Indonesia’s current account deficit has improved and the rupiah has appreciated around 4% against the dollar. Recent elections, which were peaceful, are also likely to usher in more stability – making a redenomination more likely.
http://blogs.wsj.com/indonesiarealti...-rupiah-notes/

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With deepest respect ~ Aloha & Mahalo, Carol

**Carol** Wed Apr 20, 2016 11:09 am

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Post n°852

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Apr 20, 2016 11:09 am

The Wonderful Wizard of Oz: A Monetary Reformer’s Brief Symbol Glossary

The following is a compilation of several views of the monetary reform symbolism used by L. Frank Baum in The Wonderful Wizard of Oz. Interpretations vary, particularly on the lesser figures, but this will give the readers good reference points to begin their consideration of the matter. Was the symbolism consciously or subconsciously employed? We cannot know with certainty, nor does it really matter. What matters is that Baum understood the issues involved and employed them in Oz. Millions of Americans have seen Oz, generally several times. Knowingly or not, Oz has given us a key to understanding the solutions to the economic issues we face in our time if we could only accept that we have had the power to regain our bank-mortgaged homes all along, just as Dorothy did. Remember: “There’s no place like home.”

http://www.themoneymasters.com/the-wonderful-wizard-of-oz-a-monetary-reformers-brief-symbol-glossary/

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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

**Carol** Wed Apr 20, 2016 1:20 pm

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Post n°853

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Apr 20, 2016 1:20 pm

Saudi Arabia takes out $10bn in bank loans
Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.

http://www.cnbc.com/2016/04/19/saudi-arabia-takes-out-10bn-in-bank-loans.html

For Russia the Syria Intervention Has Been Well Worth the $500 Million Spent

Russian withdrawal had nothing to do with economic problems

http://russia-insider.com/en/syria-withdrawal/ri13945

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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

**Carol** Wed Apr 20, 2016 3:32 pm

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Post n°854

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Wed Apr 20, 2016 3:32 pm

Keiser Report

Episode 903

In this episode of the Keiser Report Max and Stacy discuss royal scum threatening to dump US Treasuries and the evaporation of 315 billion petrodollars without much impact on credit markets. In the second half, Max and Stacy continue their interview...

Check Keiser Report websitefor more: http://www.maxkeiser.com/
Markets! Finance! Scandal! Keiser Report is a no holds barred look at the shocking scandals behind the global financial headlines. From the collusion between Wall Street and Capitol Hill to the latest banking crime wave, from bogus government economic statistics to rigged stock markets, nothing escapes the eye of Max Keiser, a former stockbroker, inventor of the virtual specialist technology and co-founder of the Hollywood Stock Exchange. With the help of Keiser's co-host, Stacy Herbert, and guests from around the world, Keiser Report tells you what is really going on in the global economy.

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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

**Carol** Thu Apr 21, 2016 11:04 am

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Post n°855

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 11:04 am

https://www.youtube.com/watch?v=VmV4Q1opE00

Streamed live on Apr 12, 2016
On this episode of Press For Truth Live Dan Dicks is joined on the line by Paul Hellyer, former Canadian Defense Minister and the longest serving current member of the Privy Council of Canada, just ahead of Prince Philip. Mr. Hellyer will be introducing The Canadian Bank Reformers movement, as well as going into further detail about the issues and solutions regarding our national and global monetary system.

For more information visit:
http://www.canadianbankreformers.ca/

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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

**Carol** Thu Apr 21, 2016 12:09 pm

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Post n°856

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:09 pm

The IMF’s Latest Move to Kill the U.S. Dollar

BY DAMON GELLER

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Christine_lagarde2-150x150

IMF’s Christine Lagarde

As we predicted months ago, the IMF officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the way for the IMF to place the yuan on a par with the U.S. dollar. This is the latest in a series of global developments that threatens to eliminate the U.S. dollar as the world’s reserve currency. Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime. So if you want to protect your savings & retirement, you better get your money out of U.S. dollar investments and into the one asset class that rises as currencies

The IMF Holds Supreme Power

The International Monetary Fund, or IMF, is one of the most secretive and powerful organizations in the world. They monitor the financial health of more than 185 countries. They establish global money rules and provide “bail-out” assistance to bankrupt nations. Some are warning that any move by the IMF to supplant the U.S. dollar could be catastrophic to American investments.
And now, the IMF has made the first move. As reported by The Wall Street Journal, the IMF officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. This marks the first time in history the IMF has expanded the number of currencies in the foreign exchange basket. This means that the Chinese currency will now become a viable global alternative to the U.S. dollar.

According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury department, “Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.”

Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.”

Currency expert Dr. Steve Sjuggerud warned, “I’ve been active in the markets for over two decades now, but I’ve never seen anything that could move so much money, so quickly. The announcement will start a domino effect, that will basically determine who in America gets rich in the years to come, and who struggles.”
Dr. Sjuggerud says if you own any U.S. “paper” assets—and that includes stocks, bonds, or just cash in a bank account–you should be aware of what’s about to happen and know how to prepare. A number of experts believe a recent spike in gold and silver prices is a direct result of the IMF’s action. Precious metals notoriously rise when the U.S. dollar falls.

The Death of the U.S. Dollar in One Frightening Graph

For the last 600 years, there have been six different global reserve currencies controlled by world superpowers. The latest – the U.S. dollar – has dominated world currency for over 80 years. The alarming fact is, global reserve currencies have collapsed every 80-90 years for the last six centuries! What does this mean for America and the dominance of the U.S. dollar? Based on recent evidence and long-standing historical trends, experts predict the imminent collapse of the U.S. dollar! What’s more alarming? Many Americans aren’t yet doing the one thing that will save their savings & retirement from U.S. dollar collapse.

Just take a look at the graph below. It shows the lifespan of dominant currencies going back 600 years. Notice that the U.S. dollar has now been the dominant currency for 88 years, about the same length of time as its predecessors:

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Us_dollar_decline

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Us_dollar_decline

It’s obvious why experts say that the U.S. dollar’s days as the world’s reserve currency are coming to a climactic end.

All Fiat Currencies Collapse

“Fiat” currency is paper currency backed by nothing tangible. As opposed to “sound money” which is was backed by gold or some other valuable commodity, a fiat currency is backed by nothing more than faith in the government. The U.S. dollar has been a fiat currency since Nixon closed the gold window in 1971 in what was the greatest heist in American history. The scary fact is, the average life span of a fiat currency is 40 years, and the U.S. dollar has now exceeded 40 years as a fiat currency!

Prior to 1933 and for well over 100 years, the dollar was backed by gold, and $20 bought you an ounce of gold. But after the government stole all U.S. citizens’ gold in 1933 for a $20 paper certificate, gold was revalued at $35 U.S.D., meaning the dollar was devalued by 43% overnight and all foreign and domestic holders of dollars were effectively robbed.

After Nixon closed the gold window completely in 1971, it took $67 to buy an ounce of gold, devaluing the U.S. dollar by 50% again. Today, it takes well over a thousand U.S. dollars to buy that same ounce of gold. Why? Because the U.S. dollar is now nothing more than a fast-declining Federal Reserve note backed by a corrupt government that is saddled with $18 trillion in unpayable debt — growing by $10 million per minute!
INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Dollar_devaluation

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Dollar_devaluation

Protect Yourself Before It’s Too Late

This “Paper Money Experiment” has run its course. The Federal Reserve, the U.S. government, and Wall Street crooks have misused their power by mismanaging the dollar, and now there are global repercussions. The debt load sitting on top of the U.S. dollar is unsustainable and will continue to crush the dollar’s purchase power until no one wants to hold U.S. dollars, and they are no longer accepted for global trade. The dollar’s collapse means that every single one of your paper investments that are dollar-backed – stocks, mutual funds, money markets, cash accounts, etc. – will go down right along with the dollar! Meanwhile, the government and the banks will find a way to protect themselves at your expense.

So as we say goodbye to the U.S. dollar’s dominance, it doesn’t have to mean goodbye to your savings & retirement. Remove at least some of your savings & retirement from the dollar-backed, paper-based financial system and protect it with the one asset that has outlasted every fiat currency ever invented for the last 5,000 years: Gold.

https://www.wholesaledirectmetals.com/the-imf-threatens-to-kill-the-u-s-dollar/?cid=TownhallDedicated&st-t=TownhallDedicated

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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

**Carol** Thu Apr 21, 2016 12:15 pm

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Post n°857

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:15 pm

PBOC CALLS FOR BROADENING USE OF IMF’S BASKET OF RESERVE CURRENCIES
APRIL 18, 2016 JC COLLINS
http://philosophyofmetrics.com/pboc-calls-for-broadening-use-of-imfs-basket-of-reserve-currencies/

The transformation of the International Monetary System (IMS) from the outdated USD denominated unipolar framework to the multilateral framework is progressing as expected this year. An April 17th article from The BRICS Post gives updated information from the People’s Bank of China as well as the International Monetary Fund. One of the initial goals of Philosophy of Metrics was to describe and predict this transition. At this point I believe this goal has been achieved. There is no sense in rehashing the words of the article, so it is reprinted below for convenience. This is just the beginning. – JC

From The BRICS Post:

Chinese central bank governor Zhou Xiaochuan on Saturday called for broadening the use of the International Monetary Fund (IMF)’s basket of reserve currencies to advance the reform of the International Monetary System (IMS).

“The IMS has inherent deficiencies and faces new challenges from globalization, financial innovation, and volatility in capital flows,” Zhou said in a statement for the meeting of the International Monetary and Financial Committee (IMFC), the IMF’s policy setting committee, on the sidelines of the spring meetings of the IMF and the World Bank.

The IMF announced it will add the Chinese yuan to its basket of reserve currencies last year. The addition will take effect Oct. 1, 2016, with the yuan having a 10.92 per cent weighting in the basket, the IMF said.

“The SDR has the potential to resolve the existing deficiencies in the IMS,” Zhou said in Washington, referring to the Special Drawing Right, an international reserve asset created by the IMF in 1969.

After the renminbi’s inclusion in the SDR, weightings will be 41.73 per cent for the dollar, 30.93 per cent for the euro, 8.33 per cent for the yen and 8.09 per cent for the British pound. The weighting will affect the interest countries pay when they borrow from the IMF.

“The IMS has inherent deficiencies and faces new challenges from globalization, financial innovation, and volatility in capital flows,” Zhou said in a statement for the meeting of the International Monetary and Financial Committee (IMFC), the IMF’s policy setting committee, on the sidelines of the spring meetings of the IMF and the World Bank.

The IMF announced it will add the Chinese yuan to its basket of reserve currencies last year. The addition will take effect Oct. 1, 2016, with the yuan having a 10.92 per cent weighting in the basket, the IMF said.

“The SDR has the potential to resolve the existing deficiencies in the IMS,” Zhou said in Washington, referring to the Special Drawing Right, an international reserve asset created by the IMF in 1969.

After the renminbi’s inclusion in the SDR, weightings will be 41.73 per cent for the dollar, 30.93 per cent for the euro, 8.33 per cent for the yen and 8.09 per cent for the British pound. The weighting will affect the interest countries pay when they borrow from the IMF.

“We can start now to gradually broaden the use of the SDR, including using it as a reporting currency in parallel with the USD and exploring issuance of SDR-denominated assets,” China Central Bank chief Zhou said on Saturday.

China has released foreign exchange reserve data denominated in the SDR in addition to the US dollar starting from this month.

Zhou said China will also explore issuing SDR-denominated bonds in the domestic market and look forward to the IMF’s further analysis on strengthening the role of SDR this year.

“We support the examination of the possible broader use of the SDR,” the official IMF communique said Saturday following a meeting of the 24-memberIMFC committee.

“The IMF will discuss the case for a general allocation of SDRs and the reporting of official reserves in SDR,” the communique said.

Christine Lagarde, Managing Director of the IMF, on Thursday praised the improvement of China’s policy communication regarding the exchange rate policy.

“We have been delighted to see the communication efforts undertaken by policymakers, particularly Governor Zhou,” Lagarde said.

“I think when it comes, in particular, to the exchange rate regime, it does clarify the situation for the better, because nobody likes uncertainties, markets in particular.”

In a widely-quoted 2009 speech, China’s Central Bank Governor Zhou Xiaochuan had argued a global system so reliant on a single currency — the US dollar — was inherently prone to shocks. Zhou had said China wanted to look towards creating a “super-sovereign” currency based on the SDR, to replace the dollar’s hegemony.

Renminbi means “the people’s currency” in Mandarin while yuan is the unit.

_________________
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

**Carol** Thu Apr 21, 2016 12:16 pm

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Post n°858

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:16 pm

NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line.

Throughout the 18th century, for example, France was the greatest superpower in Europe, if not the world.

But they became complacent, believing that they had some sort of ‘divine right’ to reign supreme, and that they could be as fiscally irresponsible as they liked.

The French government spent money like drunken sailors; they had substantial welfare programs, free hospitals, and grand monuments.

They held vast territories overseas, engaged in constant warfare, and even had their own intrusive intelligence service that spied on King and subject alike.

Of course, they couldn’t pay for any of this.

French budget deficits were out of control, and they resorted to going heavily into debt and rapidly debasing their currency.

Stop me when this sounds familiar.
https://www.sovereignman.com/trends/why-im-proud-that-my-tax-bill-is-zero-19112/n

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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

**Carol** Thu Apr 21, 2016 12:17 pm

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Post n°859

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:17 pm

On The Impossibility Of A Soft Landing

But somewhere behind the robo-machines which line the casino there is a corporals guard of carbon units buying what Wall Street is dumping. And whether they know it or not, at 24.3X they are betting on one whopping big terminal growth rate on the far side of the deflationary turmoil now afflicting the global economy.

Here’s the thing, however. The current deflationary wave is not a one-time detour which will pass in due course. Per the above analogy, we do not have merely two years of bad numbers in a 10-year LBO model with a robust terminal value at the end.

What we have, instead, is merely the initial shock waves from the actions of central banks which are trashing the joint. Lurking on the other side, therefore, is unfathomable risk, not extraordinary growth.

In a word, the stock market is not worth even 15X its current earnings or 1300. At length, the carbon units out there catching today’s bouncing dead cats will thank their lucky stars if their losses are only 40% from here.

http://www.zerohedge.com/news/2016-04-21/impossibility-soft-landing

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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

**Carol** Thu Apr 21, 2016 12:19 pm

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Post n°860

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:19 pm

Mark Schoenfelt
APRIL 18, 2016 AT 2:48 PM
“The BRICS Bank on Friday announced that its Board of Directors has approved its first set of loans involving financial assistance of $811 million, to be disbursed in tranches, supporting 2,370 MW of renewable energy capacity.”

“The NDB board has approved the issuance of five-year bonds in Chinese yuan, Russian Finance Minister Anton Siluanov was quoted on Friday as saying.”

http://thebricspost.com/brics-bank-announces-first-set-of-loans/#.VxTywuIrJpg

_________________
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

**Carol** Thu Apr 21, 2016 12:33 pm

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Post n°861

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Thu Apr 21, 2016 12:33 pm

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 879942969

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INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Trump

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http://thefinalbubble.com/nht_v16/front-ctrl.php?param1=nht_v16&hop=medialion&device=computer

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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

**Carol** Fri Apr 22, 2016 6:58 pm

Carol

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Post n°862

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Apr 22, 2016 6:58 pm

https://www.youtube.com/watch?v=s2hpYxy_qhU
Simon discussed what was happening in all those secret monetary meetings a few days ago. Several videos have popped up saying the US economy will collapse on May 28. From what Simon said, perhaps it won't be quite as bad as those videos predict.

Last edited by Carol on Fri Apr 22, 2016 7:53 pm; edited 1 time in total

_________________
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

**Carol** Fri Apr 22, 2016 7:00 pm

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Post n°863

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Apr 22, 2016 7:00 pm

Central Bankers Pushing For Wealth Confiscation And A Global Tax
https://www.youtube.com/watch?v=NlM4NsrV2jM

_________________
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

**Carol** Fri Apr 22, 2016 7:05 pm

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Post n°864

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Apr 22, 2016 7:05 pm

_________________
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

**Carol** Fri Apr 22, 2016 7:52 pm

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Post n°865

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Fri Apr 22, 2016 7:52 pm

Halliburton Fires One Third Of Global Staff: "What We Are Experiencing Today Is Unsustainable"

Submitted by Tyler Durden on 04/22/2016

In a brutally frank and painfully honest first quarter operational update, Halliburton president Jeff Miller poured freezing cold water all over the "oil is stabilizing, and everything is going to be awesome" narrative. After explaining that the firm has laid off one-third of its global employees, and pointing to the collapse in sequential revenues across every business unit, Miller exclaimed: "What we are experiencing today is far beyond headwinds; it is unsustainable."

http://www.zerohedge.com/news/2016-04-22/halliburton-fires-one-third-global-staff-what-we-are-experiencing-today-far-beyond-h

_________________
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

**Carol** Sat Apr 23, 2016 6:41 pm

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Post n°866

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Sat Apr 23, 2016 6:41 pm

Paul High Level Financial Insider Interview Episode 39 with Andy Young and Jason Holmes on RN

http://raconteursnews.com/april-update-paul-high-level-financial-insider/

Conversation begins at the 1:30 minute mark.
It was a pleasure to welcome back Paul High Level Financial Insider to give us the benefit of his inside information on the truth behind what we hear is happening in the world of finance and geopolitics.
Many of our listeners have remarked on Paul’s calm and knowledgeable presentation when he speaks with us and tonight was no different.
We started the show with an interesting opening gambit from Paul which neither Andy or Jason really expected.
We then went on to talk about the latest developments in gold and silver and the recent (19th April) launch of the Shanghai gold fix.
Paul also went on to talk about the Panama Papers and his take on the whole affair which is far different from any we have heard before.
There were a good number of questions from the chatroom too all of which Paul addressed.
There was also a great insight into the yen/dollar trade and how it has broken down in recent times.
As usual with Paul two hours never seems to be enough but he squeezed an awful lot of information in to the time we had available.
Our thanks go to Paul High Level Financial Insider and to all our listeners for their continued support.
To keep abreast of Paul’s inside track on the latest news you can check out his facebook group The Sirius Report .
This show was first broadcast on 21/04/2016.

_________________
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

**Carol** Sat Apr 23, 2016 6:43 pm

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Post n°867

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Sat Apr 23, 2016 6:43 pm

"Something Disturbing Happened" - A Futures Trader Has Some Words Of Warning

Submitted by Tyler Durden on 04/23/2016 - 15:02

"Something disturbing happened this morning. I bought a nymex copper contract with an attached stop limit and take profit. My stop got rejected by the exchange. I think it was in pending mode. I ignored it and when the market moved up, i moved the stop up. Then the exchange accepted it. My take profit order got hit instead. Then, I shorted an ES. Again, the market rejected my stop limit."

http://www.zerohedge.com/news/2016-04-23/something-disturbing-happened-futures-trader-has-some-words-warning

_________________
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

**Carol** Sun Apr 24, 2016 1:44 am

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Post n°868

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Sun Apr 24, 2016 1:44 am

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1 - Page 35 Spend-graph

Violence, prescription drug abuse, the sedentary lifestyle, and suicide have all become epidemic in American society. U.S. politicians are mired in scandals and corruption. American rock stars are increasing turning to and dying from drugs and lying about it. And then there are the popular culture failings and the endless film and television remakes and rehashes that ultimately spring from a diminishing sense of originality and creativity. The democratic process is in serious trouble, as seen from all the partisan in-fighting in the latest presidential political race. The list of U.S. enemies with weapons of mass destruction is growing. Fighting one or two of these potential adversaries may prove challenging, but an Eastern Alliance of our worst enemies would be disastrous, and would likely spell the end of democracy as we know it. According to Pew Forum, the number of people who claim to be religious in America is declining as the country becomes more and more secular. “Research Center finds that the percentage of adults (ages 18 and older) who describe themselves as Christians has dropped by nearly eight percentage points in just seven years, from 78.4% in an equally massive Pew Research survey in 2007 to 70.6% in 2014. Over the same period, the percentage of Americans who are religiously unaffiliated – describing themselves as atheist, agnostic or “nothing in particular” – has jumped more than six points, from 16.1% to 22.8%.” The U.S. is beginning to look more and more like ancient Rome before it collapsed.

America has fallen from its iconic splendor of the 1920s, 1930s, and the 1940s when most of the civilized world either emulated or envied popular American culture. Maybe suburbia, conformity, McCarthyism, the liquidation of our precious metal reserves, and the rise of corporate power and military industrialism in the 1950s were the real death knell of America. Sadly, America’s greatest heroes are now mythological comic book characters who, like the real ones they should be imitating, don’t really exist. The country is becoming more vulnerable to the threats of natural disasters, as coastal regions and metropolitan cities across the U.S become increasingly more densely populated. America’s aging infrastructure is falling apart. Its electric grid system is old, outdated, and is extremely vulnerable to cyber and terrorist attacks. Owning a home and paying for college tuition is still out of reach for most Americans, who have seen their Middle-class status shrink while inflation rises. So why is there so much federal spending and cumulative federal debt and so little results in this country to account for the spent revenue? Even more importantly, why is it that most Americans don’t even seem to care?

As greater draconian measures to control crime, like tighter gun control laws, more surveillance, and stricter controls on cash continue to be debated in the halls of government that would gravely restrict American civil liberties and freedoms in the so-called name of “protecting the public from a full-spectrum of public threats,” we have to ask ourselves the same question that Max Rockatansky asked on Fury Road – ‘Who’s more crazy, us or them?” The average American appears to be more concerned about the pursuit of hedonistic pleasures and updating their Facebook status than they are about the wayward drift of this country. What we’re seeing in American society is not just the decline of a nation that has lost its general sense of direction and moral purpose – we’re seeing the strangulation of hope and the death of perhaps the last Great Western Republic in recorded history. –Alvin Conway

_________________
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

B.B.Baghor Sun Apr 24, 2016 2:37 am

B.B.Baghor

B.B.Baghor: Posts : 1851
Join date : 2014-01-31
Age : 73
Location : Druid county UK

Post n°869

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

B.B.Baghor Sun Apr 24, 2016 2:37 am

The increase of debt limit isn't due to president Obama's presence in the White House, it's the exponential growth
in its already huge body, that's at the root of it. It's easy to use an argument such as expressed in this article.

Although the following is all the more true:

"The average American appears to be more concerned about the pursuit of hedonistic pleasures and updating their Facebook
status than they are about the wayward drift of this country. What we’re seeing in American society is not just the decline
of a nation that has lost its general sense of direction and moral purpose – we’re seeing the strangulation of hope and the
death of perhaps the last Great Western Republic in recorded history."

This crumbling of a civilisation is a natural part of history on our planet, when power and abuse of power are rulers. I don't
feel happy about it, but I truly feel that the average American has brought this onto him/herself, there's nothing to blame.
I think the time is over to nag and scold others. I'm inclined to leave this Forum for the large amount of negative reports on
the affairs of this world we live in and which, I believe, we create going from moment to moment.

I need more positive news and discussion of matters, to feel welcome to join. I'm growing towards another style in creating
my own reality and the Mists may well be removed from it in the near future. With mixed feelings and a bit of sadness for sure.

**Carol** Sun Apr 24, 2016 9:27 am

Carol

Carol: Admin; Posts : 32705
Join date : 2010-04-07
Location : Hawaii

Post n°870

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Sun Apr 24, 2016 9:27 am

The average American is under heavy mind control (lyrics in music, TV, radio, radio towers, satellite downloads at night, etc) drugs in their food along with GMO which is know to alter DNA among other things, chemical poisoning in water (contamination along with fluoride) and air (chem trails along with pollution). Then there is the onset of brain damage as a result of the required vaccinations which has been proven to cause autism and the dumbing down of kids in school. Add to that the influx of millions of illegals who also leech funds and resources from American citizens, yet who are protected by an illegal Muslim president who is a traitor to the US constitution and what this nation once stood for. The Satanic forces of evil have been at work in their successful attempts to destroy this country. The latest statistics reveal that one in 5 families - no one works. That's 20 percent of the population who can't or won't work due to jobs being outsourced to India, Mexico and China. Corruption is so insidious that most Americans now see for themselves how politician are only out for themselves which is why there is a huge movement to get Trump into office as President because they know without a shadow of a doubt no else is left in Washington who is out to serve the American people. He is their "last" hope to set things right.

The US has lost their moral core. The satanic element is exceptionally strong in every media outlet. Just standing up to do the "right thing" is even condemned and punished. Lying is the norm and viewed as "normal." Cheating in politics and banking the norm. Corporate exploitation of the humanity the norm. However, amidst the corruption a voice with other voices joining in is being recognized. One just has to listen.

Your comments are harsh B.B. considering how complex the social ills are and it isn't just in the US. It's worldwide.

_________________
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

**Carol** Mon Apr 25, 2016 5:16 pm

Carol

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Post n°871

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Mon Apr 25, 2016 5:16 pm

FINANCIAL TIMES
April 24, 2016 4:47 pm
Goldman Sachs opens to the masses

For almost 150 years Goldman Sachs has been the go-to bank of the rich and powerful. But now the Wall Street titan is opening up to the masses on Main Street by offering online savings accounts for as little as $1 on deposit.

Goldman’s shift down market comes as the bank is under pressure to develop new streams of funding. Weak first-quarter results from the big US banks have highlighted the challenges faced by their investment banking units, under pressure from volatile markets and tight regulations.

Analysts last week fired a barrage of questions at the US banks, and at Goldman in particular, wondering why they were not doing more to reboot their businesses. Goldman posted the lowest quarterly return on equity — just 6.4 per cent, on an annualised basis — of the past four years.
The bank last week launched GSBank.com, a platform it inherited via the acquisition of a $16bn book of deposits from GE Capital.

Through that deal it gained about 145,000 retail depositors and is now seeking more, offering annual interest rates of 1.05 per cent on a savings account — many times better than the rates of the biggest US brick-and-mortar lenders such as Citibank, JPMorgan Chase or Bank of America.
Stephen Scherr, Goldman’s chief strategy officer, said the aim was to broaden sources of funding for GS Bank, its New York State-chartered lender. Until now, the unit has focused on wholesale funding sources and so-called “brokered deposits”, which are bulk sums that banks acquire from brokers in exchange for high interest rates.

By tapping regular retail depositors, Mr Scherr said, the bank can open up “a different avenue to use, with a different orientation and a different tenor”.

Devan Goldstein, banking expert at NerdWallet, a San Francisco-based personal finance site, said he was unsure whether rate-hunters would be drawn to GS Bank from other online banks such as Ally or Discover. But he predicted the Goldman brand was probably enough to pique interest.
Inside Finance

“It’s synonymous with the dream of wealth in America,” he said.
Goldman’s acquisition of GE Capital’s deposit book, which closed a week ago, is a good fit with the demands of regulators, which have been urging the biggest banks to fund their activities through deposits rather than short-term bonds or loans. Under a new liquidity standard introduced by the Basel Committee that came into effect last January, deposits from retail customers are considered the least likely to vanish when problems arise.

In addition to the instant-access savings account, GS Bank is offering a range of certificates of deposit, from six months to six years. The six-month CD pays an annual percentage yield of 0.7 per cent, more than five times the national average.

Mr Scherr said the new funds could support Mosaic, the bank’s embryonic effort to rival online lenders such as Lending Club and Prosper. That unit, run by a former senior executive at Discover, now numbers about 100 people, and is preparing to start originating loans by the end of the year.
Goldman’s push into mass-market banking will not be significant enough to replace lost trading revenues, said Jeffery Harte, an analyst at Sandler O’Neill in New York. But he said it was worth exploring, all the same.

_________________
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

**Carol** Mon Apr 25, 2016 5:18 pm

Carol

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Post n°872

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Mon Apr 25, 2016 5:18 pm

How the Fed ignored the constitution and played favorites during crisis
By Greg Robb
Published: Apr 25, 2016 12:10 p.m. ET

Jacobs, co-author of new book, says Fed has lost legitimacy, credibility

Lawrence Jacobs is the Walter F. and Joan Mondale Chair for Political Studies at the Humphrey School for Public Affairs and the Department of Political Science at the University of Minnesota. He is the co-author of a new book called “Fed Power. How Finance Wins”
WASHINGTON (MarketWatch) — The Fed does what it wants and plays favorites. And as a result it’s lost the trust of the American people.
That is the stark view the central bank’s actions in the wake of the financial crisis by Lawrence Jacobs, a public policy expert at the University of Minnesota.

In a new book, “Fed Power, How Finance Wins,” Jacobs, and his co-author Desmond King from Oxford University, lay out their case that the Fed managed to overstep the U.S. constitution by taking giving trillions of dollars in loans to financial market participants. These actions should have been reserved for Congress and offended Main Street, he said. “Elites” in Washington and New York went along with the central bank’s actions believing basically the ends justified the means, they argue.

In an interview with MarketWatch, Jacobs said reform of the Fed’s 100-year old structure is now inevitable, whoever wins the White House.
Jacobs also said the Fed should to get out of the business of regulating Wall Street. At the moment, the Fed is overpromising what it can do to ward off the next financial crisis and Washington’s alphabet-soup of financial regulators must be simplified. A single financial regulator, modeled after Canada’s Office of the Superintendent of Financial Institutions, is the way to go, he said.

The following interview has been edited lightly for clarity.

MarketWatch: You argue the Fed has lost some of its legitimacy and credibility. That’s a big deal for the Fed. Can you explain what you mean?

Jacobs: Everything that I’ve read and studied and analyzed leads me to believe that there is tremendous public doubt and that it has lingered past the initial skepticism about what the Federal Reserve has done [in the crisis.] The issues about the Fed and its credibility are no longer just being questioned by libertarian [Rep.] Ron Paul in the House. It enjoys much wider scrutiny throughout Congress and, among the attentive public. The benefit of the doubt has been lost.

MarketWatch: And that’s because the people view the Fed as not accountable?

Jacobs: I think there are two sources of this decline in the credibility of the Fed. One is a sense that the Fed is unmoored from our system of democratic accountability. It does what it wants. And the second corrosive perception that is now widespread is that the Fed plays favorites. The facilities that it created were tremendous in their scope and they selectively provided benefits of credit during a credit freeze to a small number of banks and non-banks. Meanwhile, Main Street and millions of homeowners were faced with real duress or bankruptcy or foreclosure.

MarketWatch: Should the Fed just not have bailed out Bear Stearns? Is that where things started to go bad?

Jacobs: I think the issue is how the Fed prosecuted that effort. So I think the issue with Bear Stearns is partly what it did for Bear Stearns and it is also partly its orientation, towards the Bear Stearns towards [American International Group] and the other kind of financial markets and a blind eye to homeowners.

MarketWatch: Congress and the White House could have done things to help homeowners and they didn’t, so why is it the Fed’s job?

Jacobs: It is certainly the case that Congress fell down on the job. But partly it is because the Fed has stepped into what used to be the normal arena of fiscal policy. The Fed has kind of crowded out the constitutional authority and responsibilities of Congress. If the Fed wasn’t doing this, and it fell to Congress, Congress would absolutely step up, because it would have had no choice. But when the Fed steps in, it kind of gives an out to Congress to do its job. I think, in general, the movement of the Fed into fiscal policy is unsustainable. It far exceeds the Fed’s constitutional responsibility and it has brought upon itself this kind of erosion in trust and legitimacy.

MarketWatch: But Congress was happy the Fed was around to take the tough actions and later Congress can just beat the Fed up.

Jacobs: I think there is absolute truth to that. But, you know, take any number of areas where Congress would be glad to have another institution take responsibility and then blame them. Should we have the president or maybe even the Fed making decisions on appropriations and spending? No, we have a constitutional system that apportions responsibility, and it is up to Congress to do its job. If Congress is not going to do the job then the blame falls on Congress. It is not up to the Fed to step in and start using this authority that it does not have. When it does that, it exposes itself to the kind of fear and doubt that we now are seeing in greater abundance than we have in the past.

MarketWatch: Some people argue that when Treasury Secretary Henry Paulson called Bernanke and said the administration was thinking about doing a bank bailout, Bernanke should have said – “I can’t go up to Congress with you. This is not my fight.” That would have been better?

Jacobs: I’m not taking issue with TARP. I think there are issues with TARP that we talk about in the book. It is more the facilities that were created in 2007-2010 which apparently very few, if any, in Congress knew about. It was not authorized. And it was just a kind of “we’re going to go it alone and make claims on 13(3) to justify it.” TARP falls into the kind of presentation clause. This is the legislative process by which you get laws past. What the Fed did beyond TARP is the problem.

MarketWatch: Really? I thought the loans and the lending facilities that the Fed created were what a central bank is supposed to do when markets freeze up. The Fed stepped in and kept the system working. No question Congress was surprised. But was that insider dealing?

Jacobs: There are two issues here. One is the Fed did this alone. While the Fed acting independently, without any input or even knowledge of Congress or the President, may seem fine to those on the Fed – it is absolutely is not fine with a lot of people in America. When you listen to the presidential campaign debates in both parties and you hear tell-tale signs of that. When Ted Cruz talks about philosopher kings at the Fed, this is what he’s referring to. When you hear people like Rand Paul to Bernie Sanders talking about auditing the Fed, that is what they are talking about. The second issue is the sense of favoritism.

MarketWatch: Let’s go back to the first issue.You are saying people view the Fed being able to do what it wants with no political checks and balances.

Jacobs: Exactly. I think to me the telling comparison here is with Mervyn King, who was the governor of the Bank of England. He too put together rescues. Not identical, but similar in their broad scope. What the Bank of England did was it attached conditions. Among the conditions it attached for banks and non-banks that got credit in the time of a credit freeze was that they would turn around and offer assistance to households that were faced with foreclosure and businesses faced with bankruptcy. And later, when King was testifying to Parliament, he was asked “Why did you do this.” And he said “I knew I would be here someday. And I knew that you would expect me to do it.”

Also read: Here’s Mervyn King’s plan to rescue global economy

Now the Fed doesn’t feel that way, because it is on its own. That’s the problem that you’re hearing a growing number of lawmakers expressing and that among Americans who track these issues you hear expressed and it is part of this general gestalt of distrusting Washington.

MarketWatch: Shouldn’t Treasury have put in those conditions?

Jacobs: The way Paulson proceeded with TARP that absolutely fits our system of accountability. But it was the facilities that were created from 2007-2010 that were far beyond the authority that was expected to be exercised by the Federal Reserve.

MarketWatch: So how would you reform the Fed?

Jacobs: We’ve proposed three broad areas of change. One that I think is now gaining credibility is that public authority ought to follow the public commitment of resources. And so you’re hearing legislation in Congress about making the president of the New York Fed a presidential appointment subject to Senate approval. You’re hearing a growing number of people talking about subjecting the board members of the 12 regional Fed banks to greater scrutiny. Right now you have two-thirds of controlled by private banks and the question is how can we rebalance that? So that is one area.

The second area is pulling the Fed back from regulatory policy. And if you look at other central banks, particularly the Bank of Canada, they have a more limited set of responsibilities and regulatory policies. And the third area, and I think this area reflects some of the concerns which I think are legitimate in the Fed and the financial community which is the current arrangement means that America will not have an effective financial responder when we get hit again by a crisis. The FSOC has 10 agencies involved in that. And there is absolute certainty from what we know about American administration and regulation: that many cooks in the kitchen will almost certainly slow things down or maybe prevent the kind of decisive action that will be needed when America gets hit by a financial crisis.

MarketWatch: In your book, you put forward the Canadian model of regulation as the paradigm. The Canadian government enacted those reforms in the 1980s. Can’t the failure be traced to the U.S. Congress and not the Fed?

Jacobs: I absolutely agree with you. I don’t think the Fed has necessarily been the bad guys and Congress has been the victim here. But I do think Congress has responded in a way that has now put itself in the hot seat. It is the one that is now subject to this backlash and its powers are now the ones that are under question and its role is under question.

MarketWatch: In England, they had gone away from the Bank of England regulating banks, but now they’ve reversed course and given the central bank more regulatory power. Why isn’t that model best?

Jacobs: The U.K. approach is a very, very different approach than Dodd-Frank.. The current [U.S.] approach is to dissipate authority over federal regulation. I think that’s a big mistake. It is an absolute certainty that if you spread out and fragment authority over financial regulation, it is going to be very difficult to respond and difficult to respond in a crisis. Instead we need to concentrate that authority but concentrate it in a sensible way with a coordinated regulatory system. Canada has some good ideas that we should be looking at.

MarketWatch: The 12 regional Fed bank system needs to be overhauled?

Jacobs: Absolutely. Most thinking people would agree that that has become an anachronism. It made sense in 1913 when we had more regional capital markets. But we’ve moved to international capital markets and the quaint idea of needing to have 12 regional banks so the cash is literally around corner if there is a run — that is kind of laughable. I know that hurts the feelings of a lot of these regional banks but it is also the reality of the 21st century?

MarketWatch: Andrew Levin, a former top adviser to Fed Chairwoman Janet Yellen, has come up with a proposal to reform the Fed. He wants to take the secrecy out of how regional Fed presidents are selected.

Jacobs: I’m generally sympathetic. But I think the part Levin leaves out is this issue of administration authority and structure. This is the kind of thing I’ve studied for decades. What Dodd-Frank has done will have a predictable result. It is going to create institutional rivalry, it will create delay and it is going to create conflict across these different agencies. And if you listen to the response among Fed presidents and other people in the financial markets, they don’t use those words but they share that concern and I think it is legitimate. But I don’t think the reasonable response is to say “you know what we should really do away with Dodd Frank or do away with parts of it.” I think we need a different approach to how we do regulation in America.

MarketWatch: And you think that whoever wins the White House, these issues are going to be front and center?

Jacobs: I would put it this way. I think the Federal Reserve ought to be in the lead on reform. Because it is now in an untenable position. There is an expectation that it is responsible now for preventing these systematic crises. And it simply lacks the authority and the administrative wherewithal to meet that expectation. It is being set up as the fall guy. And the Fed needs to get out of the old way of thinking, which is protect the turf, and into a much more realistic appreciation for the erosion of its credibility and the need to find a new approach for the 21st century.

http://www.marketwatch.com/story/how-the-fed-ignored-the-constitution-and-played-favorites-during-the-crisis-2016-04-25

_________________
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

**Carol** Mon Apr 25, 2016 6:18 pm

Carol

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Join date : 2010-04-07
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Post n°873

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Mon Apr 25, 2016 6:18 pm

Saudi Prince Unveils Sweeping Plans To End ‘Addiction’ To Oil
http://www.huffingtonpost.com/entry/saudi-arabia-prince-end-oil-addiction_us_571e44a4e4b0d912d5ff36df
“We will not allow our country ever to be at the mercy of commodity price volatility or external markets,” Deputy Crown Prince Mohammed bin Salman said.

_________________
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

**Carol** Tue Apr 26, 2016 8:54 am

Carol

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Join date : 2010-04-07
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Post n°874

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

Carol Tue Apr 26, 2016 8:54 am

China accelerates SDR bond platform
25 April 2016 By David Marsh, managing director and co-founder of OMFIF

China appears likely to speed up promotion of the International Monetary Fund’s special drawing right under a plan to prepare a platform this summer for SDR borrowing by Chinese and foreign entities on China’s onshore capital market.

http://www.ifre.com/china-accelerates-sdr-bond-platform/21244720.article

_________________
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

B.B.Baghor Tue Apr 26, 2016 4:35 pm

B.B.Baghor

B.B.Baghor: Posts : 1851
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Age : 73
Location : Druid county UK

Post n°875

Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

B.B.Baghor Tue Apr 26, 2016 4:35 pm

Carol wrote:
[size=18]The US has lost their moral core. The satanic element is exceptionally strong in every media outlet. Just standing up to do the "right thing" is even condemned and punished. Lying is the norm and viewed as "normal." Cheating in politics and banking the norm. Corporate exploitation of the humanity the norm. However, amidst the corruption a voice with other voices joining in is being recognized. One just has to listen.

Your comments are harsh B.B. considering how complex the social ills are and it isn't just in the US. It's worldwide.

My view, given about the way life turns out for many of us in the whole wide world, isn't coloured by judgment, Carol. There's no right or wrong
in it, nor is it about that in all the lives of those involved, including mine. Ultimately, as I perceive it, it's us that have allowed the world to become
what it is now, for the only reality that is real to us is the reality we create by our interpretation of what we see, hear, feel and sense. And the
choices we make, based on that. We harvest what we sow, even unwittingly. It's part of living in free will and discernment by experience.

This is said without any glee or happy feeling, as if in triumph. There's much suffering and pain, I'm not dismissing that at all. But to me it's so true,
that we're the ones we've been waiting for, during a very long time. And the great help, or opportunity, if you will, is that the way out of that pain
is made easier, day by day. In the sense that we can find access to who we truly are, within and without, without any restriction, in essence.
The veils are removed one by one, if we want to see and hear. It's for those that have eyes to see and ears to hear. Not as if it's about an elite,
it's solely about the willingness to wake up, based on free will. We have a choice, always. That's at the core of my view here.

tMoA

INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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Jacobs, co-author of new book, says Fed has lost legitimacy, credibility

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Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 1

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