World financial crisis Part 5

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bekayne

NDPP wrote:

MUST WATCH: US Dollar is the Strongest Currency?....No More

https://youtu.be/GmQraDO99Rg

"US lawmakers have passed a two-year budget deal which will allow the government to raise spending by [printing] hundreds of billions of dollars to cover its [$22 TRILLION] debts..."

Yeah, Peter Schiff.

https://en.wikipedia.org/wiki/Peter_Schiff

https://rationalwiki.org/wiki/Irwin_Schiff

https://rationalwiki.org/wiki/Austrian_school

NDPP

Allowing National Debt To Grow is 'Fundamental Mistake' - Richard Wolff

https://youtu.be/SBDElKIP1vo

"President Trump and leader of Congress reached a deal on Monday to raise the debt ceiling yet again..."

NDPP

Global Stock Markets Crash As US Trade War With China Escalates

https://on.rt.com/9zfo

 

NorthReport

Hey Chicken Little, the sky is fallin'

What bunkum, just like all your other other conspiracy theories.

https://www.bloomberg.com/quote/SPX:IND

 

Michael Moriarity Michael Moriarity's picture

It seems that some very troubling events happened early this week in the U.S. financial community. Richard Wolff explains what it might mean on the Thom Hartmann show.

iyraste1313

What bunkum, just like all your other other conspiracy theories.....I would be useful for your credibility, if you would come up with counter explanations, rather than rhetoric....myself and a number of people here are looking for the tipping point...if you and others wish to keep your head in the sand..... fine...I and others, especially activists are trying, politically, to prepare, politically!

Liquidity Shortage Getting Worse: Fed's Repo Oversubcribed Even More As Funding Demand Jumps

 

For those hoping that the dollar shortage and overnight funding crunch would ease on the third day after the G/C repo rate exploded as high as 10%, we have bad news: it has not.

As we warned earlier today, when we previewed the result of today's repo outcome, the only question would be whether the amount of bids submitted into today's operation would be higher or lower than yesterday's $80.05BN to get a sense of whether the funding pressure is easing. The answer: with $83.875BN in total bids submitted, not only was the $75BN operation oversubscribed again, but the total liquidity shortfall rose by almost $4 billion compared to Wednesday morning.

Furthermore, the fact that the operation was again oversubscribed means that once again there was one or more participants who did not get up to €9 billion in the critical liquidity they needed

NDPP

Another 'troubling event'...

JP Morgan Traders Accused of Manipulating Price of Gold, Silver For A DECADE as DOJ Tries to Look Tough on Wall Street

https://on.rt.com/a1uo

"Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department..."

'Apres moi, le deluge...' Louis xv (, Morgan Stanley & predatory bankster occupation). 

NorthReport
NDPP

BAR: Trump Sanctions Will Doom Dollar Supremacy (podcast)

https://www.blackagendareport.com/trump-sanctions-will-doom-dollar-supre...

"President Trump's massive use of sanctions as a weapon of US policy 'has put the world's financial, monetary and trading system into crisis,' said Dubosian scholar Dr Anthony Monteiro."

Also, 'Green New Deal' as reboot of global transnational control. 'Save the Planet NOT capitalism!'

NorthReport

How much had the stock market risen since the inception of this ridiculous fake news thread?

After all even a broken watch tells the correct time twice a day

 

Pondering

The .00000001% are doing fine and will not allow the system to collapse to the extent that it threatens their wealth. China will never call the debt on the US because they are mutually dependent. It's all nothing but numbers on paper. There isn't even any gold standard anymore. Country's economies with be destroyed, Greece, Venezuela, etc. The world economy will keep on ticking just as it has since the Great Depression and the Great Recession. 

Around the world people are using local currency, resources and bartering systems. Tons of solutions abound. Capitalism isn't going anywhere because the grand majority of people in developed countries are 100% dedicated to it including myself.

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

It would be the ultimate dictatorship that would forbid me from making something and selling it for profit. The defence of kool-aid stands is rooted in the sense that we have a right to make something and sell it which is a valuable lesson for children to learn. 

In refugee camps people try to sell homemade foods or repair things, anything to make a profit. 

I see no signs of the collapse of capitalism. 

 

NorthReport

But to say these things means you have not passsed the left's purity tests.

NDPP

Fed Pouring Billions Nightly Into US Banks For Months

https://youtu.be/R0tkZN2tNdQ

"The US Federal Reserve is pumping 75 billion dollars per day into our banks for something called 'repo operations'. Why is the Fed continuing to intervene in the business of banks if our economy is doing so great...?"

Pondering

NDPP wrote:

Fed Pouring Billions Nightly Into US Banks For Months

https://youtu.be/R0tkZN2tNdQ

"The US Federal Reserve is pumping 75 billion dollars per day into our banks for something called 'repo operations'. Why is the Fed continuing to intervene in the business of banks if our economy is doing so great...?"

  

To keep the economy doing great.

iyraste1313

To keep the economy doing great.....

so why isn't the US Fed printing money to keep people from homelessness and starvation?

Because the repo rate is the foundation of the credibiltity of US M2.....US Fed's job is to maintain the credibility and stability of the elite managers of the system....and this repo rate shock is just the latest hit to the system...so the bailouts now will continue and expand as the system continues to teeter...so the need for distractions re the puppet politicians of the system....

NorthReport
NDPP

Keiser Report: 'Time No Longer Has A Price' (Ep 1442)

https://youtu.be/iKqXJIaSR2M

"Max and Stacy discuss the demise of the European banks as 'time no longer has a price' according to German newspaper Die Welt..."

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