Smoking Gun 2021 – The Year of the Collapse — Lynette Zang (Video)

Economy

by N.Morgan 

We are all aware of the crimes of the “too big to fail” international banks, including the rigging of LIBOR rates,  which dwarfs even the magnitude of their precious metals markets manipulation.

These manipulations have gotten so atrocious that the banks are attempting to ditch LIBOR altogether by 2021.

According to Bloomberg, “The 50-year-old global borrowing benchmark that became a byword for corruption,  is headed for the trash heap of history.”

In this installment of the SGTreport Lynette Zang discusses what this will mean for the more than $350 trillion in securities which LIBOR underpinned, is nothing short of a calamity: a total collapse.

The clock has been ticking since long before the 2008 crisis, and Lynette believes the global debt bomb will finally detonate in 2021.

 

[SOURCE]

References:

https://www.youtube.com/watch?v=EKja6BB6Z6s

https://www.bloomberg.com/news/articles/2017-07-27/libor-to-end-in-2021-as-fca-says-bank-benchmark-is-untenable-j5m5fepe

More Stories Contributed By N. Morgan

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The Coming Run On Banks & Pensions (Video)

Banksters, Conspiracy Theories, Corrupt Politicians, Economy, News, Politics

Guest Contributor John Rolls

“There are folks that are saying you know what, I don’t care, I’m going to lock in my retirement now and get out while I can and fight it as a retiree if they go and change the retiree benefits,” he said. – Executive Director for the Kentucky Association of State Employees, Proposed Pension Changes Bring Fears Of State Worker Exodus

The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year. It’s a problem that’s easy to hide as long as the economy is growing and State tax receipts grow. It’s a catastrophe when the economic conditions deteriorate and tax revenue flattens or declines, as is occurring now.

Quote above references a report of a 20% jump in Kentucky State worker retirements in August after it was reported that a consulting group recommended that the State restructure its State pension system. I personally know a teacher who left her job in order to cash completely out of her State employee pension account in Colorado (Colorado PERA). She knows the truth.

The problem with under-funding is significantly worse than reported. Pensions are run like Ponzi schemes. As long as the amount of cash coming in to the fund is equal to or exceeds beneficiary payouts, the scheme can continue. But for years, due to poor investment decisions and Fed monetary policies, beneficiary payouts have been swamping investment returns and fund contributions.

Pension funds have notoriously over-marked their illiquid risky investments and understated their projected actuarial investment returns in order to hide the degree to which they are over-funded. Most funds currently assume 7% to 8% future rates of return. Unfortunately, the ability to generate returns like that have been impossible with interest rates near zero.

The quest to compensate for low fixed income returns, pension funds have plowed money into stocks, private equity funds and illiquid and very risky investments, like subprime auto loan securities and commercial real estate. Some pension funds have as much as 20% of their assets in private equity.

When the stock market inevitably cracks, it will wipe pensions out.

An example of pensions over-estimating their future return calculations, the State of Minnesota adjusted the net present value of its future liabilities from 8% down to 4.6% (note: this is the same as lowering its projected ROR from 8% to 4.6%). The rate of under-funding went from 20% to 47%.

I can guarantee you with my life that if an independent auditor spent the time required to implement a bona fide market value mark-to-market on that fund’s illiquid assets, the amount of under-funding would likely jump up to at least 70%. “Bona fide mark-to-market” means, “at what price will you buy this from me now with cash upfront?”


Instance, what is the true market price at which the fund could sell its private equity fund investments? Harvard is trying to sell $2.5 billion in real estate and private equity investments. The move was announced in May and there have not been any material updates since then other than a quick press release in early July that an investment fund was looking at the assets offered. I would suggest that the bid for these assets is either lower than expected or non-existent other than a pennies on the dollar “option value” bid.

At some point current pension fund beneficiaries are going to seek an upfront cash-out. If enough beneficiaries begin to inquire about this, it could trigger a run on pensions and drastic measures will be implemented to prevent this.

Similarly, per the sleuthing of Wolf Richter, ECB is seeking from the European Commission the authority to implement a moratorium on cash withdrawals from banks at its discretion. The only reason for this is concern over the precarious financial condition of the European banking system.

And it’s not just some cavalier Italian and Spanish banks. I would suggest that Deutsche Bank, at any given moment, is on the ropes.

But make no mistake. The U.S. banks are in no better condition than their European counter-parts. If Europe is moving toward enabling the ECB to close the bank windows ahead of an impending financial crisis, the Fed is likely already working on a similar proposal.

All it will take is an extended 10-20% draw-down in the stock market to trigger a massive run on custodial assets – pensions, banks and brokerages.

This includes the IRA’s. I would suggest that one of the primary motivations behind the Fed/PPT’s no-longer-invisible hand propping up the stock and fixed income markets is the knowledge of the pandemonium that will ensue if the stock market were allowed to embark on a true price discovery mission.

Every other attempt throughout history to control the laws of economics and perpetuate Ponzi schemes, the current attempt by Central Banks globally will end with a spectacular collapse. I would suggest that this is one of the driving forces underlying the repeated failure by the western Central Banks to drive the price of gold lower since mid-December 2015.

I would also suggest that it would be a good idea to keep as little of your wealth as possible tied up in banks and other financial “custodians.” The financial system is one giant “Roach Motel” – you check your money in but eventually you’ll never get it out.

(SOURCE)

See more articles by John Rolls

References:

http://investmentresearchdynamics.com/the-coming-run-on-banks-and-pensions/

http://wkyufm.org/post/proposed-pension-changes-bring-fears-state-worker-exodus#stream/0

 

The Empire Strikes Back – At Bitcoin

Biotcoin, Cryptocurrencies, Economy, Gold, News

Guest Contributor John Rolls

One of the uncertainties with cryptocurrencies has always been how governments would react once bitcoin and its kin got big enough to actually threaten the monopolies of national fiat currencies.

That day seemed to be approaching as cryptocurrencies’ aggregate market cap blew through $100 billion and the pipeline of new bitcoin wannabes (initial coin offerings, or ICOs) swelled into the hundreds. Even – in a classic sign of a bubble top — Paris Hilton got involved:

 

Hotel Heiress Paris Hilton Is the Latest Celebrity to Promote an ICO

(Coin Desk) – Celebrity heiress and reality TV star Paris Hilton has taken to Twitter to announce her participation in a token sale, or ICO.

Called Lydian, the venture claims the project is developing “blockchain driven technologies to reduce ad fraud and to maximize the effectiveness of ad marketing expenditures.” The idea has been floated by a number of projects of late, including efforts backed by advertising industry participants.

In the tweet, Hilton wrote:

Looking forward to participating in the new @LydianCoinLtd Token! #ThisIsNotAnAd #CryptoCurrency #BitCoin #ETH #BlockChain pic.twitter.com/a8kT9eHEko  — Paris Hilton (@ParisHilton) September 3, 2017

And lately governments have indeed begun to defend their turf. The US Internal Revenue Service decided that since cryptocurrencies were clearly not money (only the dollar is money!) they must be commodities, which means every transaction creates a taxable gain or loss. In August the IRS drove the point home by unveiling software that can track supposedly anonymous crypto transactions:

The IRS Has Special Software to Find Bitcoin Tax Cheats

(Fortune) – One benefit of using bitcoin is the digital currency can be anonymous—its owners can move money around the world without revealing who they are. Well, in theory at least. In reality, bitcoin is less secret than people think.

The latest reminder of this comes via a report that the Internal Revenue Service is using software to unmask bitcoin users who have failed to report profits. According to a contract unearthed by the Daily Beast, the IRS is paying a company called Chainalysis to help identify the owners of digital “wallets” that users employ to store their bitcoins.

In a letter to the IRS, the co-founder of Chainalysis says the company has information on 25 percent of all bitcoin addresses and that it deploys millions of tags to help track and identify transactions.

The decision by the IRS to license the software of Chainalysis, which is based in Switzerland with an office in New York, appears to be part of the agency’s larger campaign to target digital currency users who have failed to pay tax.

As Fortune reported earlier this year, the IRS claims only 802 people declared a capital gain or loss related to bitcoin in 2015. This is significant since the price of bitcoin soared from around $13 to over $1100 between 2013 and 2015, and hundreds of thousands (like millions) of Americans bought and sold digital currency during this time—in other words, there are many people who face bitcoin-related tax trouble, and the IRS is tracking some of them down.

Then China decided it had had enough of the dot-com-like tsunami of new digital currencies pouring into its economy, and banned future releases, crashing the price of most extant cryptocurrencies.

China Halts Initial Coin Offerings

(Bloomberg) – Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.

The People’s Bank of China said on its website Monday that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. The regulator said that those who have already raised money must provide refunds, though it didn’t specify how the money would be paid back to investors.

It also said digital token financing and trading platforms are prohibited from doing conversions of coins with fiat currencies. Digital tokens can’t be used as currency on the market and banks are forbidden from offering services to initial coin offerings.

“This is somewhat in step with, maybe not to the same extent, what we’re starting to see in other jurisdictions — the short story is we all know regulations are coming,” said Jehan Chu, managing partner at Kenetic Capital Ltd. in Hong Kong, which invests in and advises on token sales. “China, due to its size and as one of the most speculative IPO markets, needed to take a firmer action.”

Bitcoin tumbled as much as 11.4 percent, the most since July, to $4,326.75. The ethereum cryptocurrency was down more than 16 percent Monday, according to data from Coindesk.

And apparently there’s more coming:

ICO crackdown may just be the start: China is reportedly planning tighter cryptocurrency rules

(CNBC) – China is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported, citing sources.

China banned and deemed illegal the practice of raising funds through launches of token-based digital currencies, targeting so-called initial coin offerings (ICO) in a market that has exploded since the start of the year.

Yicai’s report late Monday cited a source close to decision-makers as saying the announcement on the ban was just the start of further follow-up regulations of virtual currencies.

The above raises two big questions. First, how will cryptocurrencies fare in a world of increasingly strict and complex regulations? Second, what kinds of assets stand to benefit if cryptocurrencies cease to function as “digital gold”?

The first question is a tough one, because it involves the interplay of governments, revolutionary tech and free markets, which means pretty much anything is possible. The second, though, is easier: If digital gold falters, real gold wins:

Mobius Foresees Cryptocurrency Crackdown Sparking a Rush to Gold

(Bloomberg) – Mark Mobius is sensing danger in the explosive growth of cryptocurrencies.

Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mobius, executive chairman at Templeton Emerging Markets Group, said in an interview in Hong Kong Monday.

“Cryptocurrencies are beginning to get out of control and it’s going to attract the attention of governments around the world,” Mobius said. “You’re going to get a reversion back to gold because people are going to wonder, can I really trust these currencies?”

Mobius isn’t the only one voicing concern. Bank of America Merrill Lynch was cautious around bitcoin in July, saying there were a lot of obstacles, such as theft and hacking risks, that make it unlikely it will gain the status of pledgeable collateral.

“People need a means of exchange and they need to trust that,” said Mobius, who was interviewed before China’s announcement. “Right now the trust is good — with bitcoin people are buying and selling it, they think it’s a reasonable market — but there will come a day when government crackdowns come in and you begin to see the currency come down.”

(SOURCE)

See more articles by John Rolls

Reference:

https://www.bloomberg.com/news/articles/2017-09-04/mobius-foresees-cryptocurrency-crackdown-sparking-a-rush-to-gold

 

 

Dr. Jim Willie: Red Alert! Is the US Economy in a Bubble 2017 2018 Economic Collapse (Video)

Economic Collapse, Economy

Guest Contributor, Jeffery Pritchett

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics.

His career has stretched over 25 years.

He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials.

Visit his free website to find articles from topflight authors at http://www.GoldenJackass.com.

For personal questions about subscriptions, contact him at JimWillieCB@aol.com

DEFINITION of ‘Economic Collapse ‘ An economic collapse is essentially a severe version of an economic depression, where an economy is in complete distress for months, years or possibly even decades. A total economic collapse is characterized by economic depression, civil unrest and highly increased poverty levels.

(SOURCE)

A note from Jeffery: I host the Church of Mabus radio show and it is going on 8 years. I’ve been in the paranormal community for 20 years.

I provide content from a network of sources and guests and allies. Ranging from Politics to the Paranormal and the Spiritual. You can check out my other articles here at my BIOGRAPHY at BIN and you can check out my free radio show at this link HERE.

Thanks for showing your support and stopping by!

Ending Will Be Financial Collapse Where Credit Stops- Bill Holter (Video)

Economy, Gold

by N.Morgan

The price of gold and silver have experienced an uptick in value recently.

Financial writer Bill Holter, a precious metals broker, says price is irrelevant to the average investor.

It is possession that is most important now.

Holter explains, “I think the streets are going to be completely cleaned of gold and silver, and they are going to go ‘no offer.’

There will be bid, bid, bid and higher, higher, higher, and there won’t be any for sale.

Gold and silver will go into hiding until new currencies come out that can be trusted. I think that’s where we’re headed.

You should buy it now because it’s available. At some point in time, it’s not going to be available, and you are either going to have it or you won’t.

The price won’t matter. You will count your wealth in ounces.”

In closing, Holter states, “The timing on this is who knows? September or October or next year, I don’t know. I do know what the ending is.

The ending is a financial collapse where credit stops and people figure out the asset they hold is someone else’s liability. . . .

Why not have an asset with no liability, which is gold and silver.”

 

Reference

 

Are Central Banks Preparing for the Demise of the Dollar? Crucial Interview With G. Edward Griffin (Video)

Economy

(N.Morgan) As the world becomes accustomed to Donald J.Trump presidency,  FutureMoneyTrendshas living Legend G. Edward Griffin to explain the current outlook in the White House and the future of the economy.

In this interview, a major fact is discussed regarding how the Federal Reserve has never been a federal institution and how it has been utilized to strangle and control the economy with its parasitic grasp.

 

Topics discussed in this interview:

02:25 The Trump Presidency Vs. the Deep State

05:45 Trump and Kissinger’s meet up

10:45 Importance of Sovereignty and the Monetary System

13:10 Outlook on the non-Governmental Federal Reserve

20:45 The relationship between The FED and Stock Market

24:45 The awakening against corruption!

30:05 Where to learn more about the Red Pill Expo

[SOURCE]

References:

https://www.youtube.com/channel/UCqJpLtXR8hYkYhkxDO6WYwg

http://futuremoneytrends.com/

More Stories Contributed By N. Morgan

Bill Holter: Time’s Running Out Get Prepared for the Economic Crisis (Video)

Economy, Politics

(N.Morgan) In this latest installment of the X22Report, Bill Holter makes stunning predictions about the upcoming global financial collapse and the possibility of an impending war.

Financial institutions are going broke and the economy is being impacted from all sides.

The ever present threat of nuclear war with Russia has become a focal point in the current political climate.

As Bill points out, the truth is now coming out and the elite cannot allow that to transpire.

With the email leaks and determined reporters exposing the frauds and corruptions being perpetrated upon the people, the elite have been sent into an absolute panic.

As the election date draws closer, Donald Trump has sent Old Washington into an all out mud slinging frenzy.

The growing political discontent and civil unrest is hitting a crescendo pitch and is gathering steam, barreling headlong into an eruption of mass proportions.

References:

http://www.reuters.com/finance/global-market-data

/economics-and-politics/2016/10/the-imf-dread-resistance-to-globalization-video-2488655.html

https://gma.yahoo.com/russian-television-warns-nuclear-war-amid-us-tensions-140903952–abc-news-topstories.html

Deutsche Bank Collapsing? Is This Why Germans Warned to Prepare? (Videos)

Economy, Uncategorized

(N.Morgan) Since Germany issued the dire warning to its citizens to stock up on food and water, it is beginning to look as if Deutsche Bank may be collapsing.

If the leading bank in Germany collapses, the effect on Europe would be devastating, and it would be highly unlikely that the US would remain unscathed by such a collapse.

It would have a ripple effect that would travel all across the Atlantic. The Deutshe Bank’s financial woes are currently stressing the American Stock Market.

Angela Merkel has said that Deutsche Bank will not receive a bailout from the European Central Bank, which is the last resort lender of financial institutions in crisis.

The Department of Justice recently issued a $14 billion fine to the bank to settle a mortgage-backed securities probe, which the bank has no intention of paying.

“Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt.

“The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts.”

Deutsche Bank shares fell dramatically on Monday morning after news that Merkel won’t support the bank was released.

Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the worst performance since 1992.

The bank has lost over 52 percent of its value since January and over 56 percent in the last twelve months. Earnings per share fell as much as €6.

The collapse has been prompted by a report in the German magazine Focus that said Chancellor Angela Merkel has ruled out any state assistance for the bank next year.

Merkel also declined to provide help to Deutsche Bank in its legal battle with the DoJ.

The Frankfurt-based lender may be fined up to $14 billion over its mortgage-backed securities business before the 2008 global crisis, the magazine reported.

The article said Merkel made her views clear in talks with Deutsche CEO John Cryan.

Is Germany maybe considering a bail-in instead of a bail out?

Is this why Germans have been advised to stockpile food and cash in case of a disaster hitting the country?

Investopedia reported:

A bail-in is rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings.

A bail-in is the opposite of a bail-out, which involves the rescue of a financial institution by external parties, typically governments using taxpayers money.

Typically, bail-outs have been far more common than bail-ins, but in recent years after massive bail-outs some governments now require the investors and depositors in the bank to take a loss before taxpayers.

Are German citizens about to fall victim to their money being stolen by the government to bail out Deutsche Bank?

This sort of thing has happened in the past.

Remember when the Bank of Cyprus took almost 40% of depositors cash to keep the bank afloat and there was nothing they could do about it?

Assets were frozen and ATM machines were not refilled.

We’ve witnessed this before.

It also occurred in both Greece and Venezuela, and it’s highly probable that history will repeat itself.

Will Germany become the next falling domino in the collapse of the Western world?

The lesson that we can take from this is that being prepared far in advance of a collapse is the wisest course of action.

If you stock up on emergency food, water and other vital supplies before the crowd, you’ll do so at better prices with better options.

Last summer, the US government issued 2 warnings to the American people to get prepared, but very few people took it seriously.

Maybe it’s time to take another hard look at those warnings, and take action to be ready and be prepared. Don’t wait until it is too late.

References:

/politics/2016/09/deutsche-bank-is-going-under-is-the-real-reason-germans-were-told-to-prepare-for-a-national-crisis-2845051.html  

http://www.dcclothesline.com/2016/09/27/deutsche-bank-is-going-under-is-the-real-reason-germans-were-told-to-prepare-for-a-national-crisis/

http://www.investopedia.com/terms/b/bailin.asp

http://www.bloomberg.com/news/articles/2016-09-15/deutsche-bank-asked-to-pay-14-billion-in-u-s-probe-wsj-says

http://www.bloomberg.com/news/articles/2016-09-15/deutsche-bank-asked-to-pay-14-billion-in-u-s-probe-wsj-says?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

Woman Wipes Alcohol On This $50 Dollar Bill… What Happens Next Is Unbelievable (Video)

Economy, Uncategorized

(N.Morgan) The video below shows an amazing demonstration of  how this lady fooled everyone with fake $50 dollar bills. When she reveals the con by wiping the bills with alcohol the results are shocking.

Imagine how many more fake ones are still floating around out there.

This is a clever way to detect if you’ve received counterfeit cash.

The Vietnamese have advice about this scam: Be careful with your money (dollars) on your visit to some Asian countries, although fraud is a global activity, and we know that’s true.

Counterfeiting is as old as money itself, and is sufficiently prevalent throughout history that it has been called “the world’s second oldest profession“.

[VIDEO]

The Big Economic Bomb

ALERT, Economy, Politics, Power Elite, TPP, Tyranny

davek

 

(N.Morgan)  The global economic status is at the cusp of major changes and with the fast tracking of the TTP, Trans-Pacific Partnership the changes could kill the middle class and leave the economy in a tail spin.

The TPP is a proposed regional regulatory and investment treaty.

As of 2014, twelve countries throughout the Asia Pacific region have participated in negotiations on the TPP:

Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.

In the video below, Dave Kranzler from Investment Research Dynamics.com is back to discuss the treachery of the United States Congress and Senate who have betrayed the American people once again by approving the fast tracking of the TPP, which Dave says is the death nail for the American middle class.

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