Saturday, December 14, 2019

The ABC’s of Fiat Money – Rob Kirby

by Rob Kirby, Market Oracle:

The machinations and bravo sierra excuses that are being “served up” attempting to explain the onset of massive Fed liquidity “adds” are fogging up my glasses.  As a savant I once worked with in the institutional capital markets told me many, many years ago when I first parked my butt in a chair on a trading desk fresh out of University told me, “Kirby, what happens in here is really quite simple – we deal with money and the only things you can do with that are: buy it, sell it, borrow it or lend it.  It isn’t rocket science”.

When the Fed adds “liquidity” [aka fresh fiat money] they purchase debt – either on a temporary basis [repo] or a permanent basis by outright purchases [expanding their balance sheet].  Fresh fiat money is the oil that greases the wheels of our debt based money system.  When the Fed purchases debt they are signalling concern that the wheels of our money system are seizing up.

Federal Reserve Will Pump Half a Trillion Dollars in One Month: A Sign of Sheer Panic


by Gary D. Barnett, Lew Rockwell:

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
The Rothschild brothers of London writing to associates in New York, 1863.

Is The Fed Gearing Up For A New Round Of Quantitative Easing? Here Are The Possible Signs


from Silver Doctors:

You would think that we were on the brink of another financial crisis, even as Powell himself says the US economy remains strong…

by Frank Holmes of US Funds

“This is not QE. In no sense is this QE.”

That was Jerome Powell in early October, answering a reporter’s question on whether the Federal Reserve’s intervention in the overnight U.S. repo market constituted another round of quantitative easing (QE).

Fed Brainwashing on Net Wealth in One Picture

by Mish Shedlock, The Maven:

The Fed released its “Z1” report today on Household Net Worth and Domestic Nonfinancial Debt. Let’s dive in on wealth.

Please consider the Fed’s Z1 report on Recent Developments in Household Net Worth and Domestic Nonfinancial Debt.

Hooray for Bubbles!

“The net worth of households and nonprofits rose to $113.8 trillion during the third quarter of 2019. The value of directly and indirectly held corporate equities decreased $0.3 trillion and the value of real estate increased $0.2 trillion.”

The “Trade Deal”: A Pathetic Parody, Credibility Squandered

by Charles Hugh Smith, Of Two Minds:

Anyone who thinks this bogus “deal” has resolved any of the issues or uncertainties deserves to be fired immediately.

Here’s a late-night TV parody of a trade deal: The agreement won’t be signed by both parties, though each might sign their own version of it, and the terms of the deal will never ever be revealed to the public, which includes everyone doing any business in the nations doing the “deal.”

How is this “deal” not a pathetic parody of a real deal? A real deal is signed by both parties and is made public, so the business community can make informed decisions. The leaders who sign the agreement have to sell their respective nations on the benefits of the deal and explain the horse-trading that is part and parcel of any voluntary agreement.

Facebook Shuts Down Mom for Sharing Christmas Bible Passages

from True Pundit:

Apparently, now sharing Bible passages are a violation of Facebook’s ever-changing “Community Standards.”

Just ask Carol Waldmann, a Pennsylvania Mom and wife, who logged onto her Facebook account to find her post from the Book of Luke in the Bible was scrubded from her timeline.

Luke, Chapter 10 to be exact.

The Real Agenda Behind The Paris Climate Accord – Besides The Actual Climate

by Arjun Walia, Collective Evolution:

  • The Facts:The efforts to ratify the Paris Climate Accord of 2015 and put a Carbon Tax/Carbon Credits scheme in place continue, amidst growing resistance.
  • Reflect On:If we were to clearly understand that the greatest beneficiaries of the Paris Climate Accords would be a small global elite, would we start to question this “solution” to Climate Change and even question the legitimacy of the Climate Change movement?

Greta Thunberg is quite upset. Yes, even more than she normally is. The reason? Because the wave of climate change school strikes over the past year has “achieved nothing” since greenhouse gas emissions continue to rise, apparently by 4% since the Paris Climate Accord was signed four year ago. And here is why she thinks this has happened:

Exploring the Most Secretive Military Bases in the World: Area 51, Kasputin Yar, Porton Down, Floating China Bases, Pine Gap


by Dean Garrison, DC Clothesline:

Editor: The bulk of this article originally appeared at They reached out to me yesterday and wanted me to run their infographic (featured at end of article). In the interest of time I am using their wonderful research and adding some videos and commentary to it. I wanted to get this info out immediately. Original text from article are in italics. My additions are in normal print. -Dean Garrison, Publisher and Editor