The Secret Goldman Sachs Tapes

Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street’s regulators are people who are paid by Wall Street to accept Wall Street’s explanations of itself, and who have little ability to defend themselves from those explanations.

Our financial regulatory system is obviously dysfunctional. But because the subject is so tedious, and the details so complicated, the public doesn’t pay it much attention.

That may very well change today, for today — Friday, Sept. 26 — the radio program “This American Life” will air a jaw-dropping story about Wall Street regulation, and the public will have no trouble at all understanding it.

The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed, and between the Fed and Goldman Sachs. The Ray Rice video for the financial sector has arrived…

via The Secret Goldman Sachs Tapes – Bloomberg View.

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Shocker! Economic crashes linked to Bible pattern

Wait until Wall Street figures this one out

The eight greatest postwar economic crashes are all mysteriously connected to a biblical Sabbath year pattern known in Hebrew as “the Shemitah,” reveals a book about to be released by the author of “The Harbinger,” the bestselling Christian book of the last three years.

The much-anticipated sequel by Jonathan Cahn is called “The Mystery of the Shemitah” – and it is certain to rock the world of financial speculators, stock market traders and economists.

Among the stunning findings of the author who found jaw-dropping links between the 9/11 terrorist attack and an otherwise obscure biblical passage, Isaiah 9:10, is that 100 percent of the worst U.S. economic calamities since World War II are all lined to the “Shemitah,” the biblical Sabbath year, its wake or the biblical month of Tishri in which the “Shemitah” falls.

“I have to tell you, economically speaking, this new book by Jonathan Cahn is one of the scariest things I have ever read,” said Joseph Farah, producer of “The Isaiah 9:10 Judgment,” the bestselling documentary film made with the author about the subject matter of “The Harbinger.” “If ‘The Harbinger’ got your attention, ‘The Mystery of the Shemitah’ will have you on your face praying.”

continue reading… via Shocker! Economic crashes linked to Bible pattern

INFOGRAPHIC: The Silver Squeeze

Despite ‘crashes’ in the market, the demand for physical silver continues to rise. “Buyers are already outpacing sellers by a stunning 50-to-1 ratio. We are seeing the beginning of shortages; but this will only accelerate if Western governments continue with this raid on paper gold and silver.”

via Visualizing The Silver Squeeze | Zero Hedge

INFOGRAPHIC: The Silver Squeeze : The Austrian Insider.

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day. Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts. The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well. I hope that you are ready.

The following are 10 scenes from the economic collapse that is sweeping across the planet… via 10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

Why Policy Has Failed

Put down the Sunday newspaper; grab a pot of coffee; and call ‘mom’ and tell her she has to read this. Doug Rudisch has written a far-reaching summary of the true state of the world and ‘why policy has failed’. Simply put, there is no faith in the system; real underlying faith and trust in the system, as opposed to the confidence born from economic steroid injections or entitlements. There is more going on than a temporary lull in animal spirits that current fiscal and monetary policy will cure. If that was the case, it would be working already.

Something has to happen to restore our collective faith. And more short term fixes and empty promises during campaign speeches and the State of the Union addresses are not where to do it. Fed policy has worked with respect to increasing the values of liquid securities and real estate, and failed to date with respect to employment and capital investment. This latest massive and expensive effort by the government and Fed designed to encourage CEOs to increase risk-taking has done the opposite and scared them into a shell or at a minimum just not worked. Whatever CEOs are afraid of; ZIRP, QE, building more roads and bridges and paying out more entitlements is not making them unafraid of those things.

We have ended up with a system where the worst of the risk takers have the ability to take the most risk and are currently taking it at extreme levels. We wish we could be more prescriptive and offer more solutions for the problems. But in order to solve a problem, you must first realize you have one. With respect to the Fed, we don’t think the U.S. realizes it has a problem… via Why Policy Has Failed | Zero Hedge

Visualizing The Shrinking Dollar

The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline.

via Visualizing The Shrinking Dollar | Zero Hedge

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold? When that moment arrives, it will represent the end of the paper gold scam. Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them. Instead of cooling off demand for precious metals, it has unleashed a massive “gold rush” all over the globe. Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can. This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on. The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets.

For years it has been widely known that the promises that banks have made regarding their gold far exceed their actual ability to deliver, but we have never reached a moment of such crisis before.

Posted below are quotes from people that know precious metals far better than I do. What these experts are saying is more than a little bit disturbing… via Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

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