Swedes urged to deposit 41m invalid banknotes


What happens when the EU collapses maybe these notes will be good again?

Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058


From X22 Report Click On Picture To See Larger Picture Gold slammed down again. Subprime auto delinquencies surge. Durable goods orders decline. Capital goods shipments decline. Services PMI declin…

Source: Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058

NKorea Boasts: Can Now Nuke Mainland USA…


A few SF and Action books have North Korea and Iran hit the US with EMP pulses —cold this bee what they are planning

THE WORLD’S BIGGEST BABY . . .


He maybe a baby but Clinton started the ball rolling for him to get the nukes

Merkel’s Refugee Crisis


Merkel-Good Bye'

Of course, Chancellor Angela Merkel has denied that allowing the refugees in has led to the recent Islamic terrorist attacks. She has admitted that fighting crime and Islamist terrorism will be key challenges for the year, and she is adopting a law and order position after attacks in Germany have seen her approval ratings collapse. Her response is typical, “We need more police.” To this, she added, “We will need more video surveillance of public spaces.”

Greece-Merkel-Banks
Greece-PensionerThis is the entire problem with career politicians. They could never admit the truth because they fear that would be the end of their careers. Western “republic” forms of government are by no means a democracy. The very creation of the European Parliament, with no power to introduce or veto legislation, proves the entire point. Moreover, Chancellor Merkel collapsed in polls internationally after her refusal to yield to Greece. She allowed the Greek people to be strip-mined of assets to pay for their corrupt politicians.

Merkel’s harsh actions toward Greece drew international condemnation. On July 15, 2015, Time Magazine wrote, “Berlin’s role as the enforcer in negotiations over Greece’s debt could cause lasting damage to Germany’s global image.” Images of elderly Greeks committing suicide in Syntagma central square in front of the Greek Parliament in Athens had been making the front pages in the international press. Merkel’s image was becoming that of a money-grubber without any humanity. Pictures of retired Greeks who were moved to tears after being unable to withdraw any money from banks and unable to buy food ran around the world.

Mother-Merkel

Then, the Washington Times wrote on September 10, 2015, “Angela Merkel welcomes refugees to Germany despite rising anti-immigrant movement.” The entire refugee crisis was created by Merkel as a diversion because Germany was being viewed as the harsh enforcer of loans, which were structured to hide what Goldman Sachs had instituted to get Greece into the euro from the outset. The entire reason for the refugee crisis was simply the view of Merkel globally. She needed to reshape her image from the loan shark to the caring Mother Merkel. Europe is now paying the price because career politicians were simply concerned about her polls.

Germany-How-2-Get-Lucky

Now Merkel refuses to accept any responsibility and outright denies that the refugee issue is even the problem. Police have altered records in Cologne to remove the word “rape” from criminal reports to support Merkel. Now, a leaked document has surfaced reporting that 2,000 men assaulted and raped 1,200 girls across Germany on New Year’s Eve. This was not an act of terrorism or some normal crime wave that ever took place in ANY western country before Merkel’s refugee crisis. If the refugees were not the issue, then why create flirting courses to show Islamic men how to get lucky with Germany girls without raping them?

The nightmare in Germany is becoming unbelievable. Speaking with friends in Germany, many with young children are terrified to send their children to school. Why? You have young Islamic men, pretending to be under-18, who look to be in their mid-20s, sitting in classes with young girls and towering over them. They speak nothing of the language but must attend school. One must wonder why any politician is putting their personal career before the safety of their own people. Make no mistake about this — it may be Merkel’s refugee crisis, but a score of other career politicians also refuse to admit what they have done.

The answer? No. They are trying to put any possible incident in the USA on TV to paint America as being more dangerous so the refugee crisis is seen as just a minor blip. They have even issued travel advisories against the USA in retaliation for the travel alert issued against Europe to warn American travelers to be careful when visiting this summer. Canada also issued a travel alert on Germany, as was the case in New Zealand. These travel alerts did not exist prior to Merkel’s refugee crisis.

 

The Condo Market Turning Down


Porsche Building

The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back to the base currency.

As with every peak, developers see how condos sell so they have increased the supply right into the peak in prices. This cyclical pattern repeats over and over again. The foreign investors who got into US property back in 2011 have made a fortune in the home currency and are taking profits.

China & Its Debt Problems


Shanghai-8-25-2016

With a total debt of almost 250% of GDP, China’s debt problems are well known. Meanwhile, the government is working on resolving the issue by following the playbook of US investment banks and creating securities structures to offload bad debt (remember CDOs?). The slowing economy has caused rising defaults. Analysts suspect the NPLs ratio to be 30% of bank loan portfolios versus the official ratio of 1.81% as of the end of June 2016.

The corporate bond market is also feeling pressure as 41 companies have defaulted on R25.4bn of bonds since the beginning of the year. In an effort to restore confidence in the banking sector, Bank of China and China Merchants Bank sold off some of its NPLs as securitized products. It seems like an asset swap to other banks with 50-60% of the book being sold to other banks. Furthermore, 95% of the riskiest tranches were sold to a state-owned asset manager. Meanwhile, in an effort to support growth, the Chinese government is promoting lending to small and micro businesses, which carries higher risk and reduces peer-to-peer lending.

Corporate debt is estimated at 145% of GDP with the non-financial state-owned enterprises representing half of the bank credit. Chinese banks have a greater concentration of individual customers with the top customer of Agriculture of China accounting for 7% of its loan book and the top 10 customers comprising 17% of its loan book.

Copper-8-25-2016

Chinese credit is currently growing at 2x GDP, meanwhile, fixed capital investment growth slowed to 3% during 2015. Watch copper that is used for loan collateral in China and has recently broken weekly technical support with a Directional Change during August and the next turning point in October. A breach of the $2.00 level will indicate further lows.
Categories: China
Tags: China

US budget deficit approaches $600bn, public debt to reach 77% of GDP


Slower revenue growth and large spending will expand the US budget deficit to $590 billion in the fiscal year ending September 30, according to the Congressional Budget Office (CBO). * Read more US…

Source: US budget deficit approaches $600bn, public debt to reach 77% of GDP

U.S. Olympians Are Taxed on the Value of Gold in Medals


Olympic Medals

Believe it or not, someone can work hard to get into the Olympics and if they win the gold or silver medals, the Internal Revenue Service (IRS) is there waiting for their cut. Yes, American Olympians must pay taxes on the value of the medal. They also need to pay taxes on their prize money. This is so outrageous that it is rising to Congress after insistence that such awards should be tax-free, especially when they represent the nation.

The taxman is without mercy. It has long been assumed that Matthew the Apostle was a tax collector. Such people have always been regarded as sub-humans who prey upon the citizens for the state. The IRS is not much different, as is the case for tax-collecting agencies around the world. Their interpretation is to always tax regardless of morality.

Canadians Officially Pay More on Taxes Than Food


Broke Consumer

It’s official. Canadians now spend more on taxes than they do on food. Well, politicians have to eat first. Their kids have to be educated to rule their generation. The Fraser Institute has calculated that the average Canadian family now pays $34,154 in taxes in total, which includes all the “hidden” business taxes that are passed along in the price of goods and services. They have distinguished the visible and hidden taxes that would now equal 42.4% of the total average Canadian family income in 2015, which they have estimated at $80,593. The Fraser study estimates the average Canadian family spends $30,293 on housing, food, and clothing or about 37.6% of the family’s income. This will only get worse for politicians always know how to spend other people’s money while pretending they will someone give them more, which never materializes. In the 1930s before income tax, the woman traditionally stayed at home to raise the children because it was normal for one income to suffice to feed the family. Now it takes two incomes and the women MUST work in the average family. It is no longer possible to survive on just one income.

Marriage-Divorce 1900-2012ECM-1970-2084

The divorce rate has risen with taxation. The number one reason for divorce is always money. The divorce rate peaked in 1981 with the peak in the Economic Confidence Model that marked the peak in the last public wave. What has transpired since then was an initial decline in divorce began with the Reagan tax cuts and the same is seen in Britain with Maggie Thatcher and Canada. Now note that also marriages have declined from 10.8% in 1982 to only 6.8% by 2012. Marriage is on the decline and children are living with their parents into their 30s. Now 18 to 34-year-olds who live with their parents has reach a record high of 31.5% in 2015. The birth rate has fallen from about 40 per thousand to only 10 per thousand from 1775 to 2000.

The bigger government grows, the lower the standard of living. But taxes are also reducing birth rates and marriages. Talk to girls under 30. The majority say they do not want to bring in children to this world.

Something is seriously wrong. But government is addicted to stealing the people’s money. That means this will not end very nicely.