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.

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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

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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

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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.

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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.

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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.

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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.

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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.

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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

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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…..”

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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.

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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 ….

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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.

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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

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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.

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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.