Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme

I don't know how this could not be bearish for the dollar and bullish for any tangible asset, including precious metals.  Sure, asset prices could be manipulated either up or down short-term, but eventually, the manipulation stops working longer-term.

https://www.themaven.net/mishtalk/economics/pension-ponzi-bailout-democrats-sponsor-us-treasury-bailout-scheme-_RuDwkWLqkqISWkpsC0v9Q

"Tremendous Ripple Effects" - Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade

This could be the black swan that causes commerce to collapse, earnings to nose dive, and markets to plummet.  At the very least, it will be painted as a disaster, justifying an imminent bursting of the bubble.

http://www.zerohedge.com/news/2016-09-02/ripple-effect-could-be-tremendous-retailers-demand-government-bailout-after-hanjin-c

Did COMEX Just Receive A Physical Gold Bailout From The Feds?

http://seekingalpha.com/article/3247676-did-comex-just-receive-a-physical-gold-bailout-from-the-feds

5 Years Later - What Did The ARRA Achieve?

http://stawealth.com/daily-x-change/1957-5-years-later-what-did-the-arra-achieve.html

US Fed to get greater powers: Bernanke

As usual, the headlines are misleading.  The Fed is enacting laws--in conjunction with the International Monetary Fund--to prevent a taxpayer-funded bank bailout at the onset of the next financial crisis.  It sounds reasonable and noble enough, given the plundering of tax funds to recapitalize the collapsed banking industry in 2008.

The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank.  In other words, they will raid customer deposits.

http://www.heraldsun.com.au/business/breaking-news/us-fed-to-get-greater-powers-bernanke/story-fni0xqe4-1226756295740

Cyprus Bank’s Bailout Hands Ownership to Russian Plutocrats

Yes, the Russians gain a banking and military foothold in the Mediterranean, something they've coveted for years.  But the price to depositors was horrific.

http://www.nytimes.com/2013/08/22/world/europe/russians-still-ride-high-in-cyprus-after-bailout.html?nl=todaysheadlines&emc=edit_th_20130822&_r=0

The March bailout hammered bank creditors and depositors in an early test of what has since become the official European Union policy of “bailing-in” banks. The policy is intended to force creditors and depositors to pay for a bank’s mistakes and to spare taxpayers from picking up the entire bill.

Moscow, though furious over the billions lost by Russians in Cypriot banks, still sees Cyprus as a prize worth courting. The Russian government has pushed for access for its military aircraft to an air base in Paphos and for its warships to Cypriot ports.

Depositors with large accounts in Laiki Bank were initially left with just 100,000 euros each, about $130,000, and the rest of their money was confiscated as the bank shut down. Those with more than 100,000 euros in the Bank of Cyprus lost access to 90 percent of their cash, although they have since been promised future access to some of their frozen funds.

At that time, bailout-weary Northern European countries wanted not so much to rescue the banking sector here as to significantly shrink it, and end what they viewed as its reliance on suspect money from the former Soviet Union. A confidential report by the German foreign intelligence agency, known by its German initials as the B.N.D., painted the island as a haven for money-laundering.

The bank’s former shareholders, meanwhile, have been mostly wiped out. The biggest was a Russian tycoon, Dmitry Rybolovlev, who at one point owned a nearly 10 percent stake and, if he had substantial deposits in the bank, would be among the new shareholders. A spokesman for Mr. Rybolovlev declined to comment on his current position.

But most of the now largely worthless old shares are in the hands of Cypriots who bought them as a safe, blue-chip investment.

The Bank of Cyprus is a “zombie bank,” said Theodore Panayotou, director of the Cyprus International Institute of Management.

“It is ironic,” Mr. Olympios added. “The Germans tried to get rid of Russian money and they ended up with a shareholder structure stacked with Russian oligarchs."

Here We Go: Cyprus To Sell €400 Million In Gold, About 75% Of Its Total Holdings, To Finance Part Of Its Bailout

http://www.zerohedge.com/news/2013-04-10/here-we-go-cyprus-sell-%E2%82%AC400-million-gold-finance-part-its-bailout

Secrets and Lies of the Bailout

http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104?print=true

$29 Trillion

http://azizonomics.com/2011/12/15/29-trillion/

COLE: Obama’s next bailout

Thanks to Kitty for finding this op-ed.


http://www.washingtontimes.com/news/2012/jan/27/obamas-next-bailout/#.TyS7GqosdQs.facebook

The Fed Audit

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

Rep Paul Kanjorski Reviews the Bailout Situation

This is a reminder on how close we were to a bank run during the 2008 financial meltdown.


http://www.youtube.com/watch?v=pD8viQ_DhS4&feature=player_embedded

How China Just Implemented A Stealth Bailout Bigger Than One And A Half TARPs

http://www.zerohedge.com/article/how-china-just-implemented-stealth-bailout-bigger-one-and-half-tarps

China is furiously propping up its economy with TARP-like bailouts also, but unlike the US government, the Chinese government is encouraging its citizens to purchase gold and silver to protect their purchasing power against inflation.  In contrast, the US government (and most developed countries) encourage their citizens to increase consumption, i.e. decrease savings, in a futile attempt to stimulate their respective economies.  In normal economic cycles, consumerism works, but western countries have structural debt problems, which is why their economies are still stalled 4 years later.  The Keynesian end game is nigh.

Libya-Owned Bank Drew at Least $5 Billion From Fed

http://www.bloomberg.com/news/2011-03-31/libya-owned-arab-banking-corp-drew-at-least-5-billion-from-fed-in-crisis.html

That's nice to know that the Fed bailed out a Libyan bank--repeatedly--to the tune of $5 billion.

Predictions of Ben Bernanke being tried for treason don't seem so outrageous after all.  Congratulations to Fed Chairman Bernanke and President Obama for winning Time's Man of the Year award.  So did Adolf Hitler and Joseph Stalin, who had the ignominious achievement of winning it twice.

About that Nobel Peace Prize...

Fed Names Recipients of $3.3 Trillion in Crisis Aid

The American public won't like the fact that hundreds of billions went to bail out foreign institutions and companies.  But then again, the American public won't care until it's too late.

http://www.bloomberg.com/news/2010-12-01/fed-names-recipients-of-3-3-trillion-of-aid-during-u-s-financial-crisis.html

The Federal Reserve, under orders from Congress, today named the counterparties of about 21,000 transactions from $3.3 trillion in aid provided to stem the worst financial panic since the Great Depression. 

Bank of America Corp. and Wells Fargo & Co. were among the biggest borrowers from one program, the Term Auction Facility, with as much as $45 billion apiece. Some aid went to U.S. units of foreign institutions, including Switzerland’s UBS AG, France’s Societe Generale and Germany’s Dresdner Bank AG.

Contagion strikes Italy as Ireland bail-out fails to calm markets

In case you've been in a deep slumber for a year, you'd know that Greece and Ireland have defaulted on their sovereign debt and received bailouts from the European Central Bank and International Monetary Fund, the world's central bank.  You'd also know that the bond vigilantes have Portugal and Spain in their crosshairs.

What's less known is Italy and Belgium are also teetering on the brink of a sovereign debt crisis of their own.  For forward thinkers, look at France and Germany itself.  The ECB and IMF are running out of life boats.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8169225/Contagion-strikes-Italy-as-Ireland-bail-out-fails-to-calm-markets.html

Saving Americans by sticking it to them

http://www.bloomberg.com/news/2010-09-24/saving-americans-requires-sticking-it-to-them-jonathan-weil.html

Last week, in a rare and possibly fleeting victory for the little guy, Ally Financial Inc.’s mortgage-servicing unit temporarily halted evictions tied to foreclosures in 23 states. This came after some attorneys for homeowners caught the company saying things that weren’t true in its court filings.

There’s no sense complaining to the federal government about Ally’s conduct, though. That’s because the Treasury Department is the company’s majority shareholder, after spending $17.2 billion of bailout money on Ally under the Troubled Asset Relief Program.

With the benefit of hindsight and a little rephrasing, the government’s policy is clearer now: We have to let these bailed- out banks keep screwing the American people, in order to keep the American people from getting screwed on their investments in these bailed-out banks.

It makes no difference how many loan-modification programs the government creates, or what new consumer-protection agency Elizabeth Warren gets hired to lead. As long as the Treasury is supporting a company such as Ally, Americans will be right to conclude the government is two-faced and working against their own best interests.

This is what infuriates so many Americans about the bailout culture. When banks break the rules, consumers are supposed to be able to turn to the government for help. When Ally breaks the rules, though, it’s the Treasury’s own company that’s doing it.

Our government isn’t supposed to prey on its own people in the name of protecting our investments. It never should have gotten in this business in the first place.

Head of TARP bailout resigns

Another government official resigns.

http://finance.yahoo.com/news/Summary-Box-Head-of-TARP-apf-3734109150.html?x=0

Kashkari flips as soon as he enters private sector

http://www.zerohedge.com/article/pimco-chump-kashkari-rails-against-entitlement-spending-after-providing-banks-700-billion-ta

In a brief oped likely written by his 2nd year analyst or executive assistant, titled "The Cultural Challenges of Entitlement Reform" the bald one says "bailing out the financial system went directly against our shared beliefs in free markets and fair play." Yes, you read that right. This is the same person who singlehandedly devised the biggest taxpayer blank check bailout to banks in history...

"We have $11 trillion residential mortgages, $3 trillion commercial mortgages. Total $14 trillion. Five percent of that is $700 billion. A nice round number." In fact, let's continue: "Seven hundred billion was a number out of the air,” Kashkari recalls….”It was a political calculus. I said, ‘We don’t know how much is enough. We need as much as we can get [from Congress]. What about a trillion?’ ‘No way,’ Hank shook his head. I said, ‘Okay, what about 700 billion?’ We didn’t know if it would work. We had to project confidence, hold up the world. We couldn’t admit how scared we were, or how uncertain." Ah yes, an uncertain and scared then-35 year old bailing out the world... And now, a grizzled and veteran Kashkari, who certainly recalls his wood chopping days with joy at the PIMCO campfires, in which Build America Bond receipts are used for kindling, is encouraging the administration to cut the benefits of the same taxpayers whose money was used to prevent the insolvency of, among others, his current employer? Yes, ladies and gentlemen, we bring you today's unbridled hypocrisy courtesy of the latest and most worthless addition to the Pimco team.

Bailout song

Econ 101--only more entertaining. School is in session.



http://www.youtube.com/watch?v=dnT21hmlT4o&feature=player_embedded