Police Funding Themselves by Confiscating People’s Property

 

The government is using Civil Asset Forfeiture to simply rob people. The numbers are in for Texas along. The police department stole $50 million in confiscations during 2017 when nobody was ever charged with a crime. They hat to publish these numbers because they know they are doing something unethical. They seize property and it is the PROPERTY that is PRESUMED to be guilty. The burden is on you to get a lawyer and pay all the expenses to try to get your property back. You will not be reimbursed for the legal fees so they know they just get away with it. This is part of the financial crisis we are in that will ultimately lead to revolution and the collapse of the United States probably in the aftermath of 2032.

The Global Financial System Is Unraveling, and No, the U.S. Is Not Immune

 

The “recovery”/Bull Market is in its 10th year, and yet central banks are still tiptoeing around as if the tiniest misstep will cause the whole shebang to shatter: what are they so afraid of?

The cognitive dissonance/crazy-making is off the charts:

On the one hand, central banks are still pursuing unprecedented stimulus via historically low interest rates, liquidity and easing the creation of credit on a vast scale. Some central banks continue to buy assets such as stocks and bonds to directly prop up the “market.” (If assets don’t actually trade freely, is it even a market?)

Bank of America: “The Most Dangerous Moment For Markets Will Come In 3 Or 4 Months”

 

Two weeks after BofA’s Michael Hartnett previewed (and timed) not only the “Great Fall” of stocks, but also explained that the Fed and global central banks are now in the business of making the “rich poorer“, he is out with a new note which looks at the Fed’s latest U-turn, which has unleashed the latest market buying spree, warning that “further upside in risk assets will create problems later in the year” (for three reasons he lists out), and concludes that “ultimately, we believe the extremely strong performance by equities and bonds in H1 is very unlikely to be repeated in H2.” Hartnett then goes back to his original thesis that the Fed will no longer pursue its primary mandate of pushing stocks (i.e. wealth effect and confidence) higher because it is “now politically unacceptable for the Fed and any other central bank to stoke a bubble on Wall St.”

As a result, “monetary policy will have to tighten to raise volatility, reduce Wall St inflation, and reduce inequality. There are two ways to cure inequality: you can make the poor richer, or you can make the rich poorer. The Fed will reduce its balance sheet in the hope of making Wall St poorer.“

Jared Kushner left a lot off his financial disclosure

Getty Images

 

Jared Kushner failed to disclose his ownership of a real estate startup linked to Goldman Sachs and George Soros, according to a report Tuesday.

Kushner, President Trump’s son-in-law and top adviser, didn’t note on his government financial disclosure form that he is a part-owner of real estate finance firm Cadre, which matches investors with real estate projects, the Wall Street Journal reported.

Cadre’s other investors include Goldman Sachs, billionaire and top Democratic donor Soros and PayPal co-founder Peter Thiel.

The Alternative Fact of the Cashless Society

Why gold will benefit from the alternative fact of the cashless society

 

Why gold will benefit from the alternative fact of the cashless society

• Alternative facts prevail in the European Commission’s calls for cash controls
• Terrorism is blamed for the need to control cash
• Evidence shows criminals find alternative ways to finance activities
• Citizens continue to want and to use cash in day-to-day life
• Cashless society is being used to force through other ‘agendas’
• Gold and silver will be used as savers are forced to hold assets outside of the financial system

“Those who control the present, control the past and those who control the past control the future.”

― George Orwell, 1984

Last week a new phrase was introduced into our lexicon by Trump Adviser Kellyanne Conway. When asked about why press secretary Sean Spicer had made statements that were (according to the press) unverifiable she said that he had used ‘alternative facts’.

China overtakes US as world’s largest assets acquirer

Dealogic data shows China’s outbound M&A in first nine months is world’s largest for the first time, though value of withdrawn deals also rises

China has overtaken the US in outbound mergers and acquisitions for the first time, underscoring a global buying spree driven by the Chinese economy’s growth over three decades and Beijing’s programme to encourage companies to buy assets and technology from abroad.

In the first nine months of the year the total value of mergers and acquisitions by Chinese companies jumped 68 per cent year on year to US$173.9 billion, according to data by Dealogic.

China Is Preparing To Shock The World

 

After another wild week of trading in global markets, today one of the top money managers in the world told King World News that China is preparing to shock the world.

Stephen Leeb:  “Someone from the IMF just said that the chances are 99 percent that China will get approved for reserve currency status.  If they do (get approved), how long before China says, ‘Now that we are approved as a reserve currency, now that the world can trade with the yuan, we want to put a little more backbone in our currency, how about backing part of our currency with gold?’  That is definitely going to happen, Eric…

The Fed is Now Cornered

As you know, I’ve been calling for a bond market crisis for months now. That crisis has officially begun in Greece, a situation that we addressed at length other articles.This crisis will be spreading in the coming months. Currently it’s focused in countries that cannot print their own currencies (the PIIGS in Europe, particularly Greece).

However, China and Japan are also showing signs of trouble and ultimately the bond crisis will be coming to the US’s shores.

Was Greece Set Up To Fail?

Not only was Greece set up to burn and have an example made of it by Wolfgang Schäuble, according to former U.S. Treasury Secretary Timothy Geithner, the entire Euro was designed to fail. All roads are leading to Berlin and it’s Fourth Reich dominating the continent.

 

My ‘job’ here is by no means done, anyway. Because of the general strike today, another Solidarity Clinic that I wanted to donate some of your AE for Athens Fund money to, is closed (update on the Fund tomorrow). Parliament is debating the latest Troika strangle plan as we speak, and who knows what tomorrow will bring? An entire economy is being deliberately suffocated, and all in all it’s just total madness. Quiet madness, though (update: and then the riots broke out..).Two things I’ve been repeatedly asked to convey to you are that:

1) you can’t trust any Greek poll or media, because the media are so skewed to one side of the political spectrum, and that side is not SYRIZA (can you imagine any other country where almost all the media are against the government, tell outright lies, use any trick in and outside the book, and the government still gets massive public support?!),

and:

2) Athens is the safest city on the planet. I can fully attest to that. Not one single moment of even a hint of a threat, and that in a city that feels very much under siege (don’t underestimate that). And people should come here, and thereby support the country’s economy. Don’t go to Spain or France this year, go to Greece. Europe is trying to blow this country up; don’t allow them to.

Top CEO Warns Of Global Reset: “It’s In The Cards For Sure… It Could Happen This Year”

 

Over the last several months there have been numerous reports highlighting the frantic activities of the world’s ultra-wealthy elite. From the purchasing of emergency hideaways and airstrips to warnings from their financial advisors that it’s time to shift their assets into physical holdings, it appears that a lot of powerful people are afraid of a significant shift set to take place in the near future.

In his latest interview with Future Money Trends Keith Neumeyer, who recently penned a very public (and very viral) letter to the Commodity Futures Trading Commissions outlining the rampant manipulation by concentrations of shadowy market players taking place on commodities exchanges, shares his insights on what many believe to be a coming global reset.

Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And ‘Are Likely To Cause Big Trouble’

After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction.  And you know what?  He is exactly right.  The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a starring role.  When many people hear the word “derivatives”, they tend to tune out because it is a word that sounds very complicated.  And without a doubt, derivatives can be enormously complex.  But what I try to do is to take complex subjects and break them down into simple terms.  At their core, derivatives represent nothing more than a legalized form of gambling.  A derivative is essentially a bet that something either will or will not happen in the future.  Ultimately, someone will win money and someone will lose money.  There are hundreds of trillions of dollars worth of these bets floating around out there, and one of these days this gigantic time bomb is going to go off and absolutely cripple the entire global financial system.

China to widen draft security law to cover space, sea and polar interests

China will add its assets and activities in space, the deep sea and polar regions to its pending national security law, state media said on Wednesday, the latest changes to the sweeping and controversial draft legislation.

President Xi Jinping, who heads a new national security commission, has said China’s security covered a wide array of areas, including politics, culture, the military, the economy, technology and the environment.

Oil-Rich Nations Are Selling Off Their Petrodollar Assets at Record Pace

In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in U.S. debt and other securities. They also occasionally bought trophy assets, such as Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football Club.

Now that oil prices have dropped by half to $50 a barrel, Saudi Arabia and other commodity-rich nations are fast drawing down those “petrodollar” reserves. Some nations, such as Angola, are burning through their savings at a record pace, removing a source of liquidity from global markets.

Bank Losses From Swiss Currency Surprise Seen Mounting

Among those taking a hit: Everest Capital, who lost its main fund.

 

The $400 million of cumulative losses that Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days.

“The losses will be in the billions — they are still being tallied,” said Mark T. Williams, an executive-in-residence at Boston University specializing in risk management. “They will range from large banks, brokers, hedge funds, mutual funds to currency speculators. There will be ripple effects throughout the financial system.”

US banks are told to be prepared for 30-day crisis

The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules.

The Federal Reserve liquidity coverage ratio proposal, approved unanimously at a meeting in Washington, goes further than the Basel III measure adopted in January and calls for earlier implementation than the EU.