Hidden Amongst the Furore: Synchronised Warnings From the BIS and the IMF

It has become a disconcerting trend that as geopolitical events intensify and keep a majority of people engaged in the latest outbreak of political theatre, the words of central bankers fall on increasingly deaf ears.

At a seminar of the European Stability Mechanism this month, Bank for International Settlements General Manager Agustin Carstens delivered a speech called, ‘Shelter from the Storm‘. Continue reading

Fed, Central Banks Trapped – Gold Foundation of Exter’s Pyramid

Essentially, the price of gold has been kept artificially low and should be well over $2000 per ounce by now. The manipulation game with gold, currencies and the economy in general cannot continue indefinitely and we’ll see that soon. The Fed is running out of tricks.

 

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The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money.

Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest assets are those at the bottom of the pyramid and situated at the top of the apex is gold bullion – independent from the counter-party risk of central banks’ paper and electronic currency.

At the bottom of the wealth asset pyramid are overleveraged paper derivatives estimated to be a magnitude of up to six times the world’s wealth. An example of this is in Germany today where it was recently estimated that Deutsche Bank has a massive 70 trillion dollars worth of exposure to derivatives. Meanwhile, annual GDP in Germany is just 4 trillion dollars.

Warren Buffett warned of these “financial weapons of mass destruction.” Continue reading

Russian Military Forces Arrive In Syria, Set Forward Operating Base Near Damascus

A game changing war set to open up a new chapter in world history seems right around the corner.

Note: As in other rare cases, for documentation purposes, the full article will remain here.

 

While military direct intervention by US, Turkish, and Gulf forces over Syrian soil escalates with every passing day, even as Islamic State forces capture increasingly more sovereign territory, in the central part of the country, the Nusra Front dominant in the northwestern region province of Idlib and the official “rebel” forces in close proximity to Damascus, the biggest question on everyone’s lips has been one: would Putin abandon his protege, Syria’s president Assad, to western “liberators” in the process ceding control over Syrian territory which for years had been a Russian national interest as it prevented the passage of regional pipelines from Qatar and Saudi Arabia into Europe, in the process eliminating Gazprom’s – and Russia’s – influence over the continent. Continue reading

Turkish Army Chiefs Meet to Discuss Syria Invasion: Report

Turkey has boosted its military defenses on the volatile border over the past week, stationing tanks and anti-aircraft missiles there as well as bolstering troop numbers, as fighting between Islamist-led groups and Syrian regime forces in the northern city of Aleppo has intensified.The Turkish build-up has fed speculation that the government is planning to intervene in Syria to push ISIS  jihadists back from the border and halt the advance of Kurdish forces who have made gains against the extremists in the area.

Prime Minister Ahmet Davutoglu on Thursday ruled out any prospect of an immediate intervention in Syria. Continue reading

PBOC Says No Longer in China’s Interest to Increase Reserves

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.

“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading range, Governor Zhou Xiaochuan wrote in an article in a guidebook explaining reforms outlined last week following a Communist Party meeting. Neither Yi nor Zhou gave a timeframe for any changes. Continue reading

Syria Crisis Ultimatum: Kerry Tells Assad Turn in Chemical Weapons within One Week [VIDEO]

US secretary of state John Kerry has given an ultimatum to Syrian president Bashar al-Assad to avoid a military strike by turning over his entire chemical weapons arsenal to the international community within the next week.

At a joint press conference with UK foreign secretary William Hague, Kerry said that America was not going to war but would launch an “unbelievably small and limited effort” to punish the Assad regime for the 21 August chemical weapons attack in Ghouta and to deter it from doing it again. Continue reading

US general says Syria action could be ‘more substantial than thought’

A former US army chief has claimed that Barack Obama is eyeing intervention in Syria that would go beyond a mere deterrent against chemical weapons to damage the military capacity of the Assad regime.

General Jack Keane, a former vice chief of staff of the US Army, told BBC Radio 4 that he had spoken to senior Republican senators who had been briefed by the US president on Monday, and had been assured that Mr Obama planned to do significant damage to the forces of Bashar al-Assad. Continue reading