Tag Archives: central banking

Fed Reserve’s Money Transfer Networks Crash

Something especially odd took place at the US Federal Reserve central bank today when its main funds and debt transfer services suddenly became non-functional.

CNBC reports:

Continue reading Fed Reserve’s Money Transfer Networks Crash

Experts: Cryptocurrency surge fueled by mistrust of central banks, uncertainty about U.S. debt

Carrie Sheffield
Just the News

February 17, 2021

Fueled by mistrust of central banks and uncertainty about the debt-laden future of the United States, the ongoing surge in prices for cryptocurrency will likely continue for now, market experts told Just the News.

Continue reading Experts: Cryptocurrency surge fueled by mistrust of central banks, uncertainty about U.S. debt

Harris casts Senate tie-breaker, paving way for Democrats’ $1.9T COVID relief bill

Joseph Weber
Just the News
February 5, 2021

Vice President Kamala Harris early Friday morning cast the tie-breaking vote in the 50-50 Senate that gives final passage to a budget resolution measure that will allow Democrats to pass a $1.9 trillion coronavirus relief bill without GOP support.  

Continue reading Harris casts Senate tie-breaker, paving way for Democrats’ $1.9T COVID relief bill

Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30

‘Global Insurrection Against Bankers’

#SilverSqueeze

In a situation similar to last week’s mad rush short squeeze on GameStop stock that caught the “Wall Street big boys” with their pants down, a similar Main Street buying insurgency is focusing on silver–the price of which many contend has been suppressed for decades.

ZeroHedge reports:

It’s been a long time coming, but for precious metal fans the day of joy has finally arrived: following a coordinated campaign to buy both silver ETFs in the paper realm and precious metals in the physical, which over the weekend which left virtually US precious metals retailer with little to no physical inventory, silver has finally exploded higher following in the footsteps of other “most-shorted” names, and it was last trading just around $30/ounce, soaring by 11.5% – its biggest one-day jump since Sept 16, 2008 – the day Lehman filed for bankruptcy. And, if silver closes here, it would be the highest price since early 2013.

Continue reading Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30

Yellen received $800G from hedge fund in Gamestop controversy; WH doesn’t commit to recusal

Sam Dorman
FoxNews

January 28, 2021

Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestopfrenzy.

Yellen’s financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.

The Senate confirmed Yellen on Monday, making her the first female secretary of the department. She previously chaired the Federal Reserve after an appointment by former President Obama.

Both Citadel and Point72 infused almost $3 billion into Melvin Capital, which saw massive losses after betting against the video game retailer Gamestop. The White House said on Wednesday that Yellen was monitoring the situation.

More…

IRS Harassing Award-Winning Journalist Sharyl Attkisson For ‘Taxes’ She’s Repeatedly Paid

January 26, 2021

Investigative journalist and host of “Full Measure After House” Sharyl Attkisson says that she is one of many who’s being threatened by the IRS for taxes she has already paid and has been unable to contact the agency to resolve the issue.

‘By and For the People’

Interview with Jim Pugh

Bards of War FM
January 19, 2021

Author Jim Pugh has produced a theologically-grounded political history of the United States that seeks to explain the true history of US constitutionalism and corporatism.

The interview with Pugh provides an overview of this multi-volume history and how it relates to the Trump presidency, FEMA’s authority established in March 2020 and formalized on July 4, 2020, the November 3, 2020 US Presidential Election, what this means for the recent inauguration, and why the DC federal capitol grounds have been so heavily guarded since mid-January.

H/t The Phaser

Bank Customers’ Belongings Go Missing From Safe Deposit Boxes

“I just got robbed from the bank.”

Editor’s Note: In a recent development suggesting major banks’ outright contempt for their “Main Street” clientele Bank of America customers in California are reporting contents missing and outright removed from their safe deposit boxes at several of the major bank’s local branches. While such institutions still consider themselves “too big to fail” (or be held criminally liable) the fact remains that any property stored in safe deposit boxes is not FDIC-insured and though kept under lock-and-key on bank grounds, is considered the sole property of the renter. This makes such activities blatant theft. 

CBS13 in Sacramento reports:

A woman says her bank let her safe deposit box vanish. And she’s not the only one.

Susan Nomi says when she went to open her Bank of America safe deposit box of 16 years, the entire box was gone.

That’s where she kept her family’s jewelry and her dad’s coin collection.

“I was in shock; I was just like what happened to my box,” said Nomi.

She says Bank of America can’t explain where her valuables went.

“They don’t have an answer. They don’t have an answer. They say thanks for letting us know,” she says.

Nomi was infuriated, especially considering she is a retired Bank of America employee of 40 years. And she’s not alone. Others have complained that Bank of America drilled their safe deposit boxes without permission or notice.

Wendy Woo says her belongings were taken out of her safe deposit box and shipped to her.

“Everything was dumped in a plastic bag,” said Woo.

She says a ring was missing a stone and a necklace was damaged in the process.

“Safe deposit box….that’s what it’s for, safe,” she said.

Another family reported getting their safe deposit contents shipped back too, but claim $17,000 in jewelry was missing.

Then another woman who just wants to be identified as Maggie says, “I just got robbed from the bank.” “They just took my stuff,” she exclaimed.

More…

Inflation of Federal Reserve Note

What if the United States maintained a silver backing for the dollar, which it abandoned in 1964?

How much things cost in 1933 vs today if we still had a silver backed dollar ($21.60 price conversation).

Average Cost of new house $5,750.00
Today $124,200

Average wages per year $1,550.00
Today $33,480

Cost of a gallon of Gas 10 cents
Today $2.16

Average Cost for house rent $18.00 per month
Today $388.80

A loaf of Bread 7 cents
Today $1.51

A LB of Hamburger Meat 11 cents
Today $2.37

Plymouth 6 Car $445.00
Today $9,612

Campbells Vegetable Soup 10 cents
Today $2.16

Average Laborers Wage $20.00 per week
Today $432.00

Of course this doesn’t take into account technology reducing prices over the years, which would make this comparison even more stark.

By the mid-1960s inflation of everyday goods and services is notable yet still restrained.

If we were still backing the dollar with silver, does anyone doubt that we would have a higher standard of living in this country today?

H/t Michael Gray

Ron Paul Warns Financial Martial Law Imminent

“History has shown us that when the government needs to save itself it won’t hesitate to STEAL your money.”

Project Clarity
(August 10, 2016)

The following video ‘interview’ of former Congressman Dr. Ron Paul is a scripted presentation that is admittedly a bit stilted. Nevertheless, one needn’t look very far at national and world financial news to conclude the information and analysis are very real. For example, ‘bail in’ documents exist as laws in many Western nations, including Canada and the United States.

This may all appear Cassandra-like at first glance. Yet real economic indicators suggest an imminent economic crisis as central banks increasingly prop up the so-called ‘free markets’ through bond and now even by purchases of corporate debt and stock. At the same time, international events suggest that the US dollar’s days as the preeminent world reserve currency are numbered; on October 1 the Chinese Renminbi will be formally recognized as a foreign exchange reserve by the International Monetary Fund alongside the dollar and euro.

Reports and imagery from the ongoing economic collapse in Venezuela seem remote, yet the economic conditions for such a breakdown in Europe and the US are indeed very real. Of note is a special ‘Emergency Podcast‘ released September 16 by financial analysts Andrew Hoffman and Bix Weir lays out more recent developments in even greater detail.-JFT

From the video’s producer:

Continue reading Ron Paul Warns Financial Martial Law Imminent

An Inside Look at the World’s Biggest Paper Gold Market (Infographic)

Jeff Desjardins
Visual Capitalist via ZeroHedge

Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world.

paper-goldTo put that in perspective, more gold is traded in London each day than what is stored at Fort Knox (4,176 tonnes). On a higher volume day, amounts closer to total U.S. gold reserves (8,133.5 tonnes) can change hands.

How is this possible?

The infographic below tells the story about gold’s foremost trading hub, as well as the paper gold market in London, England:

Continue reading An Inside Look at the World’s Biggest Paper Gold Market (Infographic)