Wednesday, May 21, 2014

Banking System In Danger: ECB Plans Negative Rate on Bank Deposits, Fed Will Prop Up The System Until It Falls Apart, 132 Nations Want Out!!!

Bernanke Shocker: “No Rate Normalization During My Lifetime”
Forget all talk about “dots“, “6 months”, or any other prognostication from the Fed’s new leadership about what will happen in the near and not so near future. For the real answer prepare to shelve out the usual fee of $250,000 for an hour with the Chairsatan, or read Reuters’ account of what others who have done so, have learned. The answer is a stunner.
“At least one guest left a New York restaurant with the impression Bernanke, 60, does not expect the federal funds rate, the Fed’s main benchmark interest rate, to rise back to its long-term average of around 4 percent in Bernanke’s lifetime. “Shocking when he said this,” the guest scribbled in his notes. “Is that really true?” he scribbled at another point, according to the notes reviewed by Reuters.”
To think one could have read Zero Hedge for free for the past 5 years and gotten the same answer (time for a pop quiz: pumping liquidity into a closed system in perpetuity is i) inflationary or ii) deflationary?). But no, one would rather pay Bernanke’s former annual salary in less than an hour to get the answer from the same person who infamously stated that “subprime was contained”, that “there is no housing bubble”, and that he doesn’t buy the premise of house price declines as there has never been a “decline of house prices on a nationwide basis.

John Williams Of Shadow Government Statistics – Fed Will Prop Up The System Until It Falls Apart
Published on May 18, 2014
http://usawatchdog.com/dollar-on-the-… John Williams of Shadowstats.com predicts an explosion of U.S. debt. He says, “All the projections on the budget deficit are based on positive economic growth going forward. With the ongoing contraction, you’ll see a much worse budget deficit. It’s going to do bad things to the banking system. The Fed is going to be easing, and they’ll say they are easing to stimulate the economy; but in reality, they’ll be doing this to prop up the banking system. The rest of the world sees this and they don’t want to hold the dollar, and they will sell off the dollar. The Fed is going to have to come in and prop up the system until it falls apart.”
Join Greg Hunter as he goes One-on-One with economist John Williams, founder of Shadowstats.com.
“No Rate Normalization During My Lifetime”

US debt and unfunded debts are $147 trillion today and rising at $8 trillion a year.  There is no chance that US rates can normalize.  I could have saved you that $250,000.
Or put it another way – US debt and unfunded liabilities are $1,265,000 per taxpayer and rising at $69,000 per taxpayer per year.
Kotlikoff claims that US debt and unfunded liabilities exceed $230 trillion and growing at $11 trillion a year.
132 Nations Want Out Cabal Banking System
The secret cabal’s control over international markets is becoming less of a mystery as increasing numbers of markets reveal themselves so obviously to be fixed. The cabal cheats the 99 percent with Libor interest rates, foreign exchanges, & Gold,…
Combatting the Crunch: ECB Plans Negative Rate on Bank Deposits
When it meets on June 6, SPIEGEL has learned, the European Central Bank may implement a negative interest rate for financial institutions seeking to park their money at the Frankfurt powerhouse. The move is aimed at spurring loans.
European Central Bank executive board member Peter Praet of Germany is expected to recommend that the bank cut its main refinancing rate from the current 0.25 percent to a record low of 0.15 percent when the bank’s Governing Council meets on June 5.
In addition, the bank also wants to introduce a negative rate on bank deposits of -0.1 for the first time in its history. The ECB’s deposit rate is currently at zero, and a further cut would mean that banks would effectively have to pay a fee to park their money. Normally they would be paid interest to do so. Under the new punitive rate, if a bank were to deposit €100 million in a central bank account, the ECB would withhold €100,000. The measure is aimed at encouraging banks to lend money rather than park it at the ECB. It is hoped the move will prevent the kind of credit crunch and freeze in lending seen during the height of the euro crisis, when private and corporate loans all but dried up.
SGT REPORT NEWS BRIEF: BANK ACCOUNTS TARGETED, INFLATION SOARING, SILVER FIXED
This is a SGT REPORT NEWS BRIEF: Documenting the Collapse for the week ending Friday, May 16th.
In this episode:
- UK Prime Minister David Cameron Targets Bank Accounts
- Fascist US Oligarchy Installs Offspring & Family Friends on Board of Ukraine’s largest Gas Co.
- Food Price Inflation in the U.S. SOARS
- California Burns
- London Silver Fix Folds as Deutsche Bank Flees
- CPM’s Jeffrey Christian Spins the News, Proposes COMPUTERIZED Silver Price Fix







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