You want the truth?

Always something good at Sputnik – not biased – they just love rubbing salt into the U.S. wounds.

What is it about US propaganda?

“A French TV broadcast showed the French president visibly startled at the apparently shocking revelation that the Ukrainian army has violated the ceasefire agreement agreed upon in Minsk; French politician Thierry Mariani explains why France’s press rejected the chance to set the record straight.”

Yes – it is not the official U.S. story – simple – the U.S. stupidity in thinking that the truth would not come out.

Read more: http://sputniknews.com/europe/20150828/1026289391.html#ixzz3kImq8wcK

One wonders if anyone can believe anything that the U.S. or NATO says – it appears any justification – by not only President Obama and congress (McCain) but members of the Administration to poke a bear with a stick – I don’t like Putin – but full credit to him for pulling his head in and not retaliating.

Nuclear war anyone?

And then we gave ‘The Good, The Bad and the Ugly’

http://sputniknews.com/radio_connecting_the_pieces/20150828/1026305074.html

Yes President Obama – his only legacy is being the worst President in the history of the U.S.

http://www.washingtontimes.com/news/2014/jul/2/curl-obama-is-the-worst-president-ever/?page=all

Image courtesy of RedBirdAcres

The we have the Fireman – canned for installing Obama Toilet Tissue

http://dailycaller.com/2012/12/03/firefighter-canned-for-installing-toilet-paper-roll-printed-with-barack-obamas-face/

NY Firefighters Test Racist – hmmm well you be the judge

http://theconservativetreehouse.com/2014/03/20/the-racist-new-york-firefighters-test/

Air Traffic Controllers – illegal immigrants need apply

http://www.amren.com/news/2014/07/half-of-air-traffic-controller-job-offers-go-to-people-with-no-aviation-experience/

I could continue but the most concerning thing from my point of view was Obama and the Obama Administration relying on social media to accuse Russia of involvement in the MH 17 crash – all based on social media reports.

The bottom line about the MH17 crash:

1. If the Russians and/or rebels were responsible for the downing of the aircraft, then the US and Kiev would willingly release all information they had right after the incident, and scored major points against Putin.

2. If the report comes out, and doesn’t implicate anyone, then we’ll know that Russia and rebels didn’t do it, and that US or its allies are responsible.

3. If the report comes out and blames Russia/rebels for the downing, without looking at all evidence, then it will be a false politicized report with no credibility.

4. If the report is suppressed by Holland, it will be by the direction of the U.S. This then implicates US and Kiev.

We shall see – we shall see – sooner or later the truth will come out.

Will have no hesitation in apologizing should I be wrong in my assumptions.

To all Politicans – YOU STINK

Okay been a tad remiss in not posting.

Been reading – yes that helps one keep abreast of the shitty global situation.

Not on economics or markets mind you – on corruption – corruption in courts and throughout the global political and legal arena.

Now I do not care whether my readers are lefties, socialists, commies, atheists, dole bludgers or liberal – the single issue of this post is Government and the corruption inbred in Government (legislature), executive and legal powers.

If I have offended anyone – prove me wrong..

Basically – the abuse of power – supposed separation of powers amongst all western nations.

Image courtesy of whistleblowersanonymous.com Click to enlarge

All politicians stink – do not blame the Bankers – nor the oligarchs – nor the minority parties. Blame the inept corrupted politicians.

The core principal of the separation of powers is a term – “trias politica” or “separation of powers” was coined by Charles-Louis de Secondat, baron de La Brède et de Montesquieu, an 18th century French social and political philosopher.

His publication, “Spirit of the Laws,” is considered one of the great works in the history of political theory and jurisprudence.

It inspired the Declaration of the Rights of Man and the Constitution of the United States. Under his model, the political authority of the state is divided into legislative, executive and judicial powers. He asserted that, to most effectively promote liberty, these three powers must be separate and acting independently.

Separation of powers, therefore, refers to the division of government responsibilities into distinct branches to limit any one branch from exercising the core functions of another. The intent is to prevent the concentration of power and provide for checks and balances.
No longer – politics to the fore – political (and/or religious) appointments in the administration and judiciary has derailed and corrupted every country.

We as people need to wake up – make a statement and follow this through.

Image courtesy of /consciouslifestyles.files.wordpress.com

But we are an apathetic mob aren’t we ….. allow unions and those with money to dictate to politicians – allow minorities to change our way of life – allow illegal immigrants to make accusations of bias and or racist comments without question cause or reason.

Allow our politically appointed judges to make biased legal decisions …

For Australians try reading these sites.

http://kangaroocourtofaustralia.com
http://www.michaelsmithnews.com

For America – well geez – From Obama all the way through – what a tortuous route through Google search – the President himself turns a blind eye to the truth.

If one wonders why Trump is leading the latest polls – then just think about the mere fact that he is anti-establishment – people may have finally woken up to the fact that U.S. is a republic, an undemocratic republic.

I like what is happening in Lebanon.

Image taken from NewsMediaIndia.com (mind you error 404 encountered)

http://www.abc.net.au/news/2015-08-30/lebanese-hold-mass-you-stink-rally-against-politicians/6735278

It will happen in Turkey.

The question is when will governments (all governments) bring out the armed forces to temper the voices?

All Politicians Stink

I have a few links here just off Google search – for each country type in “Anti-Government Corruption”. It is insane on how this group of people have manipulated the system to suit themselves.

Do not blame the bankers nor oligarchs – nor minority groups. It is the politicians themselves who allow their own self interests to take priority over the constituents.

Just try reading anything other than the mainstream press.

Now I quote ABC Australia above – but try and find real investigative news reporting from this crowd. As far as MichaelSmithNews and KangarooCourtAustralia goes – they put all Australian news outlets to shame.

Be aware – mainstream media influenced by money – inept journalists and corrupt editors . . .

http://www.independent.co.uk/news/uk/crime/scandal-just-how-corrupt-is-britain-8610095.html

Edit: omitted Malaysia – apologies Pierre

http://www.nytimes.com/2015/08/30/world/asia/malaysia-protests-najib-razak-1mdb.html

Smart money on the move

Adam Smith’s invisible hand?

Who really is smart – when they (financial guru’s) refer to Smart Money

American public are not as stupid as I was led to believe – not when it comes to money and their 401K funds (super) anyway.

When one looks at the statistics their smart money has moved….this is a real gut feeling that something is wrong – there is a brilliant position when one invests – it is called cash.

“Credit Suisse estimates $6.5 billion left equity funds in July as $8.4 billion was pulled from bond funds, citing weekly data from the Investment Company Institute as of Aug. 19. Those outflows were followed up in the first three weeks of August, when investors withdrew $1.6 billion from stocks and $8.1 billion from bonds, said economist Dana…..”

Click on chart to emblazon – or just make bigger

http://www.bloomberg.com/news/articles/2015-08-28/fed-up-investors-yank-cash-from-almost-everything-just-like-2008

I though it was a stupid idea – but that is me

All for the sake of maintaining a good relationship with their major trading partner.

Chart courtesy of Bloomberg – click to enlargen

Emerging Markets bond holdings.

A few sales – In my post on 19th August ‘No one learns any lessons’

https://millermatters.wordpress.com/2015/08/19/no-one-learns-any-lessons/

My comment was that ‘anyone with any common sense would just dump Yuan – and convert to USD.’

To quote – ‘Problem is though – all central banks are holding Yuan and USD around 50:50 in their portfolios – to sell or not to sell – compromise a trading position and good relations with China – or just sell and save your own country.

Well – idiots are in control – so expect all countries to support China – at their peril.

Instead of allowing the market to be the adjudicator – the government is attempting to prove that the currency is ‘strong’ and maintain this impression.’

So we have a few emerging markets dumping USD Treasuries – including China in and effort to maintain the stability of the Yuan.

All is not good – next is to be a reduced trade figure – just to confirm everyone is going down the same plug hole ….

Yes – a one way trip.

Bankers greed – beyond comprehension

How to fuck up the economy by the U.S. too big to fail US banks.

Global swap markets – missing transactions reflected an effort by some of the largest U.S. banks — including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley — to get around new regulations on derivatives enacted in the wake of the financial crisis, say current and former financial regulators.

This leaves a concentrated knot of risk at the heart of the financial system.

The U.S. derivatives market has shrunk but remains large, with outstanding contracts worth $220 trillion at face value.

And the top five top banks account for 92 percent of that.

The data in the U.S. is misleading.

The U.S. banks were still trading as vigorously as ever – but their trades – booked through London affiliates, without any credit guarantees linking them back to the U.S., were now showing up in the data as the work of European banks.

http://uk.reuters.com/article/2015/08/21/uk-usa-banks-swaps-specialreport-idUKKCN0QQ1CI20150821

Note: In reading this please note the obvious – bankers have continued the same shit that led to the 2008 financial crisis. In this case ‘affiliates’ trading through London. No one is safe – maybe this time someone will be incarcerated through knowingly bending the rules to suit themselves.

China Ad Nasium – the reality

China Ad Nauseous….

If one has read my blog – they will understand my position – nothing has changed – it is not dissimilar to attending an Italian opera in Rome and knowing sweet F.A. of the Italian language or the story.

When one gives you an English translation – even to the point when the fat lady sings – then you should enjoy all of the entertainment….am I right?

No – apparently not.

The Chinese stock market crash of over 60 percent is just that – a crash – on global exchanges we have seen a correction.

Click on chart to Hyperinflate

Now anything that rises that bloody fast must have consequences.

It is not blood and guts in the global markets – except for commodities.

Yes commodity prices have crashed (over several months) and about time that the impact was felt by these listed commodity companies – anyone that lost money is an absolute tool – they deserve their losses – for the simple fact that the stock prices were not a true reflection of value.

Anyway – we will have a dead cat bounce – as the popularity of buy the fucking dip continues.

I warned of the importance of the initial China Yuan devaluation and testing the waters… So yes they have now done it again.

*PBOC WEAKENS YUAN FIXING BY 0.2%, MOST SINCE AUG. 13
*CHINA SETS YUAN REFERENCE RATE AT 6.3987 AGAINST U.S. DOLLAR

Chart – click on to emblazon

This is to be expected as they have entered the useless loop of a pegged currency to USD.

The PBoC has also lowered the one-year lending rate to 4.6%, and the one-year deposit rate to 1.75%.

The Reserve Requirement Ratio has been dropped – this governs how much money banks can lend – therefore more debt available- to fund existing debt no doubt.

This is all limited to China. If the global markets adjusted to the drop in commodity prices then all would be sweet – instead everybody ignores the bloody obvious.

So China is now attempting to control a sinking ship – but they cannot control the one item that is causing them immense pain – the world reserve currency.

As I said before – script written – so sit back with some popcorn and watch history unfold.

Oh – if you think I am kidding – guess what – Krugman the Nobel peace prize economist thinks that debt is good – wonder if the PBoC thought of Krugman when they lowered the Reserve Requirement Ratio?

My thoughts – he is a twat.

Yes manageable debt is good – what Krugman suggested for Japan (which Abenomics is following) and in this article is pure nonsense….mind you he is quoting other ‘cough cough splutter splutter’ economists as well.

http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html?_r=1

And I have emailed some people – explaining why Yellen will increase interest rates – it is simple:-

1. This stock market ruckus is designed to put the fear of God into large investors – the major investors in the stock markets including Swiss National Bank – which is holding nearly 10 percent of AAPL.

2. Force these people back into their sphere of influence – sovereign bond markets – currencies.

3. This will then allow retail investors to acquire shares at reasonable prices – and yes I think that AAPL is a good buy at this price – but I won’t be buying until the second drop.

4. Yellen is more concerned with the domestic US situation – keen to make amends for the stupidity of two prior Fed Reserve incompetent idiots – in so doing she will raise rates on the basis of the retail investors gunning the U.S. markets and the need of the Fed Reserve to get interest rates to a reasonable level – reload their guns.

5. This will increase rates around the globe – forcing USD loans held by heavily indebted countries to feel the impact and sovereigns / countries defaulting – that will be the start of the contagion…….my bet the UK….more so now with a correction in the FTSE.

And gold – well my 3rd post On this blog had a few predictions – gold turned on that day – but it has not reached past lows so I am sitting pat.

Oil – well read the post …

Bloody hell – things are heating up and it is messy

After all said and done – shit!

What a mess last night – where would one start?

Well United kingdom – Osborne must have had a sleepless night. The FTSE down around ten percent – a correction at this point.

Reasons – well I have read everything and am a little worried that some ‘advisors’ ignore the obvious. Either it is Shanghai – an interest rate increase – the Terge floating and falling 25 percent – low oil price – Greek PM resigns – EU Quantative Easing not working – South America (Columbia – Brazil) .. maybe just maybe it is investors just laying off stocks as did the American stock market the night before.

Watching the bond market it is obvious – smart money liquidating and moving to bonds.

And yes – some investors seeing everything implode and think that it safer to hold cash – gold – silver.

Why they call it the ‘smart’ money beyond me – not so smart lemmings.

Ossie Osbourne is sleepless – he still has RBS hanging around – too late now to offload.

The UK debt load coming into September is the cruncher – which will make matters far worse.

No one learns any lessons

Well what can I say – I mentioned this on a blog post that China has to undergo a depression as the U.S. did in 1929 through to the Second World War.

In so doing China has to re-jig it’s economy -,from an economy based on exports to a consumer based economy.

The landing would be hard – or soft.

Well – seems that they have not learned anything from the Black Tuesday stock market collapse – back then – JP Morgan was recruited to engage bankers and buy back stocks and support the stock market – it did not work.

This time around the Chinese Government employed the stockbrokers on a put option – put up or shut up – support the major players in the stock market and do not sell until the market reaches a certain point – problem is that – that point is a higher point than 3 weeks ago.

This was a nuclear tactic – alas JP Morgan’s and the bankers attempt in 1929 was considered a nuclear tactic as well.

Chinese government intervention will not work.

The problem is human emotions- fear – no one can control a trend – they can lose money trying as the markets are anything but stable.

Irrational is more to the point.

This together with the Chinese government attempting to support the Yuan at the higher end of the trading band. This is insane and costing the PBoC dearly.

Yes it costs a government a lot of money to stand in the international arena and support a currency at a particular figure.

Anyone with any common sense would just dump Yuan – and convert to USD.

Problem is though – all central banks are holding Yuan and USD around 50:50 in their portfolios – to sell or not to sell – compromise a trading position and good relations with China – or just sell and save your own country.

Well – idiots are in control – so expect all countries to support China – at their peril.

Instead of allowing the market to be the adjudicator – the government is attempting to prove that the currency is ‘strong’ and maintain this impression.

At what cost?

China has just lost its parachute – the landing will be a hard landing – impact of which will be an export of deflation throughout Asia.

Those major trading partners with China – who want to preserve their status will hold Yuan – and f@ck the consequences- thereby taking the wrong option and debasing their own country’s assets.

Welcome to deflation land.

All for the sake of maintaining a good relationship with their major trading partner.

I think it is stupid idea – but that is me.

No one learns from history- everybody in global governments are repeating the same mistakes – yes the players are different but the outcome will be the same.

Crash and burn.

China has one thing in it’s favor – different to the U.S. in 1929 – their currency – if the powers that run the Government de-pegged from the USD and allow the Yuan to float – it will drop like a lead sinker.

Brilliant in its simplicity – as it will deflate every asset in China – it will allow the depression to end quickly and the Government can implement the necessary strategies to get the country on the correct course.

Yes brilliant in the extreme because this would export deflation throughout the world – overnight – and force all countries to admit that this is a global recession and this will be a global depression.

Then again my opinion – why prolong the suffering?

The USD is going to continue its upward trend for the next two years through the mere fact that those with money need security- where better to park it than in USD – US Bonds – US Stock market.

Yes – regret for all the doomsayers on USD – that this one currency has dark matter attached to it – a global reserve currency status – globally accepted – guaranteed payment – insurance backed by the whole of the USA.

No other currency can do that – only the global reserve currency.

Commodities have set the trend – oil is rooted – look at all those countries who export commodities and realize that their income is no more – their individual cost of government and internal commitments are far greater than the income being generated.

These countries are now borrowing funds to survive – economists and politicians are that stupid they cannot understand reality – they are eternal optimists – blinded by domestic economy – ignorant of the global economy – unable to comprehend history.

This time there is no difference….

Sent from my iPad

Vietnam- Did not take long

Emailed 19th August 2015

Currency wars ‘ad-infinitum’

Now await BoJ to commence a further round of Quantitive Easing and Bank of Korea to deflate

*VIETNAM CENTRAL BANK DEVALUES DONG BY 1%
*VIETNAM DEVALUES DONG REFERENCE RATE TO 21,890 PER DOLLAR
*VIETNAM CENTRAL BANK WIDENS DONG TRADING BAND TO 3% OF RATE

So Vietnam treading water – in the vain hope that this will help exports.

It won’t – I used to like the old Vietnam knee jerk reactions of a 20 percent devaluation- had more oomph – they have matured a bit in the last few years but it would not surprise me in the least if they reverted to their old ways.

Indonesia took a hit with around 20 percent reduction in exports and a 28 percent reduction in imports. This is a BIG hit to the local economy. No wonder the Government increased tariffs on consumer goods.

What has happened in Indonesia WILL happen to all South East Asian countries. All of these governments will run out of money as they are too stupid to see the writing on the wall. All politicians need the old days – an money to continue. They cannot grasp the simple fact that they are spending far more than they are earning.

This country running out of money.

Sent from my iPad

That canary in the oil field – how to lose money

Emailed 18th August 2015

I wrote on my blog about oil – oversupply- and the trend is your friend.

Well I also commented on the Carlyle Group (the ex Presidents Club) and how these boys were spending up big – buying huge amount of oil ETF’s on the basis that they saw ‘froth’ in the market.

In view of history and the Carlyle Groups investment strategy – this ‘froth’ was war. They profited from buying into military requirements and commodities – before any skirmish started.

These smart arses invested in other people’s misery.

Well – the trend is you friend.

Oil has declined – yes bugger – right?

The Carlyle Groups hedge fund has sustained losses – the ‘Vermillion Hedge Fund’ – and with all good presidents (and investors) the ‘Co-Founders’ of the hedge fund have left after sustained losses.

Investors pulling out USD 1.97 billion.

From Bloomberg

“The exits add to troubles Carlyle has had in its other hedge funds, Claren Road Asset Management and Emerging Sovereign Group. Carlyle’s hedge funds fell 4.3 percent in the second quarter, and its global market strategies unit, which houses the funds, reported zero profit for the quarter, compared with $44 million a year earlier.”

http://www.bloomberg.com/news/articles/2015-07-31/carlyle-s-vermillion-hedge-fund-said-to-lose-founders-after-loss

Obviously these jerks did not read my blog – fuk em.

Money is moving – and no one can stop it.

More hedge funds in the cross hairs. not only that – oil exporting countries – these countries HAVE TO NOW BORROW monies in order to keep their budgets balanced – watch out below – getting nasty.

Sent from my iPad