Thursday, April 9, 2015
FEDERAL RESERVE statistical release
According to the Federal Reserve Bank's balance sheet, as of April 1, 2015, it has total liabilities of $ 4,424,144,000,000 and total capital of $ 57,656,000,000. Hence, its leverage ratio is 76.73. It is massively over-leveraged and on the brink of insolvency should interest rates (i.e. bond yields) rise even slightly higher.
Just for grins, Lehman Brothers' leverage ratio was 30 before it collapsed.
http://www.federalreserve.gov/releases/h41/current/h41.htm#h41tab1
Just for grins, Lehman Brothers' leverage ratio was 30 before it collapsed.
http://www.federalreserve.gov/releases/h41/current/h41.htm#h41tab1
Tuesday, April 7, 2015
America's Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless
http://www.zerohedge.com/news/2015-04-06/americas-poor-spend-60-their-income-food-housing-proving-cpi-meaningless
For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.
New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending…
Saturday, April 4, 2015
Shanghai Gold Exchange Reports 45.719 Tonnes of Gold Withdrawn for Week Ending March 27
According to Ed Steer and Ted Butler, JPMorgan and the big silver shorts slapped on the biggest short positions in COMEX silver since he can remember. Meanwhile, they gobbled up all the available silver eagle and silver Canadian maple leaf coins.
We will see if this will lead to higher prices Sunday evening in Asian trading.
http://www.caseyresearch.com/gsd/edition/shanghai-gold-exchange-reports-45.719-tonnes-of-gold-withdrawn-for-week-ending-march-27
We will see if this will lead to higher prices Sunday evening in Asian trading.
http://www.caseyresearch.com/gsd/edition/shanghai-gold-exchange-reports-45.719-tonnes-of-gold-withdrawn-for-week-ending-march-27
Friday, April 3, 2015
Thursday, April 2, 2015
Israel applies to join China-backed AIIB investment bank
America's loss of face on the economic world stage is now complete. Two of America's biggest allies: the UK and now Israel have defied Washington's orders and have applied to become founding members of the Chinese-led Asian Infrastructure Investment Bank.
http://www.reuters.com/article/2015/04/01/us-asia-aiib-israel-idUSKBN0MS46J20150401
http://www.reuters.com/article/2015/04/01/us-asia-aiib-israel-idUSKBN0MS46J20150401
China pins hopes on China-Mongolia-Russia economic corridor — diplomat
It appears US-led economic sanctions have not isolated Russia. By contrast, they have emboldened Russia's trading partners to form tighter ties amongst themselves.
If anything, the sanctions have isolated the US in a classic case of unintended blowback, as one country after another (including in the EU) abandons trade sanctions, and in fact, become founding members of China's Asian Infrastructure Investment Bank.
http://tass.ru/en/economy/786634
If anything, the sanctions have isolated the US in a classic case of unintended blowback, as one country after another (including in the EU) abandons trade sanctions, and in fact, become founding members of China's Asian Infrastructure Investment Bank.
http://tass.ru/en/economy/786634
Merkel’s ‘Anti-Russian Front’ Falls Apart – German Newspaper
One has to wonder why Angela Merkel is so loyal to US-led economic sanctions against Russia--even against a sea of non-compliance from other Euro zone countries. After all, economic sanctions against Russia have impaired exports for said EU countries.
Perhaps Merkel recalls her discovery that the CIA was spying on her. Maybe Obama has Merkel's dirty laundry.
http://sputniknews.com/europe/20150402/1020366367.html
Perhaps Merkel recalls her discovery that the CIA was spying on her. Maybe Obama has Merkel's dirty laundry.
http://sputniknews.com/europe/20150402/1020366367.html
Wednesday, April 1, 2015
Iceland To Take Back The Power To Create Money
Bankers may soon declare Iceland a rogue state and drop nukes on them. Governments, instead of corrupt commercial banks being in charge of issuing their own money--what a concept.
http://www.theautomaticearth.com/2015/03/iceland-to-take-back-the-power-to-create-money/
http://www.theautomaticearth.com/2015/03/iceland-to-take-back-the-power-to-create-money/
Yanis Varoufakis: “Greece Will Adopt the Bitcoin If Eurogroup Doesn’t Give Us a Deal”
Global finance just went bizarre with Greece's Finance Minister planning to adopt Bitcoin. But then again, negative interest rates on sovereign bonds aren't exactly standard protocol. John Maynard Keynes is rolling over in his grave.
http://greece.greekreporter.com/2015/04/01/yanis-varoufakis-greece-will-adopt-the-bitcoin-if-eurogroup-doesnt-give-us-a-deal/
http://greece.greekreporter.com/2015/04/01/yanis-varoufakis-greece-will-adopt-the-bitcoin-if-eurogroup-doesnt-give-us-a-deal/
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