QE’s Creeping Communism

Central banks and respective governments are running out of magical tricks to pull out of the hat.

As already done in America [government takeover of the banking industry (government bailout) and health industry (“Obamacare”)], the next step is the nationalization of industries in other developed nations like we’re seeing now in Japan.

This paves the way for communist rule by stealth, but most people don’t see this so long as the shopping malls are remain open and they can still drink their beer while watching the NFL.

 

Despite its much longer experience with monetary stimulus, Japan’s economy remains listless and has continuously flirted with recession. In spite of this failure, Japanese leaders, especially Prime Minister Shinzo Abe (and his ally at the Bank of Japan (BoJ), Haruhiko Kuroda), have recently doubled down on all prior bets. This has meant that the Japanese stimulus is now taking on some ominous dimensions that have yet to be seen here in the U.S. In particular, the Bank of Japan is considering using its Quantitative Easing budget to buy large quantities of shares of publicly traded Japanese corporations.So for those who remain in doubt, Japan is telling us where this giant monetary experiment leads to: Debt, stagnation and nationalization of industry. This is not a destination that any of us, with the possible exception of Bernie Sanders, should be happy about.

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Stock up on canned food for stock market crash, warns former Gordon Brown adviser

Global Geopolitics does not call dates, and a global market crash may in fact not happen, but all signs point towards an imminent crash. Warning signs are flashing, and not just from ‘conspiracy theorists’.

Don’t be foolish and think this warning pertains only to Great Britain. The U.S. will be one of the, if not the, hardest hit nations.

Why take a chance? How many more warnings do you need to see? Don’t be complacent. Prepare how you see fit. The best advice is to get right with God.

 

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A former adviser to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide.

Damian McBride appeared to suggest that the stock market dip could lead to civil disorder or other situations where it would be unreasonable for someone to leave the house.

“Advice on the looming crash, No.1: get hard cash in a safe place now; don’t assume banks & cashpoints will be open, or bank cards will work,” he tweeted. Continue reading

Former top Dutch banker found dead with wife, daughter

A Dutch former top banker who came under fire for taking a large pay-off after the nationalization of his troubled bank was found dead along with his wife and daughter on Saturday in what police called a family tragedy.

Jan Peter Schmittmann, 57, ran the domestic operations of Dutch bank ABN Amro between 2003 and 2007 and was widely criticized for landing an 8 million euro ($10.95 million) pay-off after the bank’s collapse and subsequent nationalization.

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Japan to nationalise 280 remote islands

Tokyo: Japan will nationalise about 280 of the about 400 remote islands that serve as markers for determining Japan’s territorial waters, the state minister for oceanic policy and territorial issues has announced.

Under the plan, announced on Tuesday, the government will complete its search for the islands’ owners by June. Islands whose owners have not been tracked down by then will be registered on the national asset ledger. Continue reading

North America to Drown in Oil as Mexico Ends Monopoly

The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oilfields.

Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere. The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day. Continue reading