More News, Rumors and Opinions Wednesday Night 8-14-19

Endgame For The Fed?   Authored by Ron Paul

The Federal Reserve’s rate cut failed to stop a drastic fall in the stock market. This is actually good news as it shows that even Wall Street is losing faith in the Federal Reserve’s ability to manage the unmanageable — a monetary system based solely on fiat currency.


The erosion of trust in and respect for the Fed is also shown by the interest in cryptocurrency and the momentum behind two initiatives spearheaded by my Campaign for Liberty - passing the Audit the Fed bill and passing state laws re-legalizing gold and silver as legal tender.


There is no doubt we are witnessing the last days of not just the Federal Reserve but the entire welfare-warfare system. Those who know the truth must do all they can to ensure that the crisis results in a return to a constitutional republic, true free markets, sound money, and a foreign policy of peace and free trade.

www.ronpaulinstitute.org/archives/featured-articles/2019/august/12/endgame-for-the-fed/

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BREAKING: Dow Jones closes down 800 points, 3%, on Wednesday, as a key potential recession indicator rings an alarm bell

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TNT:

NWMontana:  JUST IN: IRS automatically waiving underpayment penalties for more than 400,000 taxpayers (link: http://hill.cm/3HK3hg9)    

https://thehill.com/policy/finance/457406-irs-automatically-waiving-underpayment-penalties-for-more-than-400000

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Samson:  Deputy reveals the loss of 14 trillion dinars

14th August, 2019


The MP for the alliance of Sairon Riad Masoudi, on Wednesday, the loss of 14 trillion Iraqi dinars of tax money in the border outlets and collect electricity.

Al-Masoudi said in a statement to the information that the 2019 budget included the presence of 18 trillion Iraqi dinars obtained from the taxes of border ports and the collection of electricity, pointing out that the government received only four trillion.

He added that "14 trillion dinars were lost due to financial and administrative corruption within government institutions," noting that "a number of employees have reduced taxes for merchants at half the price set for taking bribes."

The committees and detachments of the Office of the Inspector General of the Ministry of Interior of the Directorate of Inspection, earlier, discovered 348 cases of administrative and financial corruption in the joints and departments of the ministry in Baghdad and the rest of the provinces during the month of June of this year 2019.   LINK

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Keiser Report: Dotcom moment for bonds (E1422)

Published on Aug 13, 2019

In this episode of the Keiser Report, Max and Stacy discuss the bond market going parabolic, looking a whole lot like the dotcom bubble of the late 1990s. In just one week, the pile of negative yielding debt grew by $1 trillion, 97% of all of Germany’s €1.3 trillion in debt is negative and total global sovereign debt now stands at $55 trillion.

 In the second half, Max interviews Egon von Greyerz of GoldSwitzerland.com about the $15 trillion in negative yielding bonds and what it means for the gold markets going forward.

https://youtu.be/ElxmkyQkbbU?t=1

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Trump & Boris Trapped The [CB], Boom - Episode 1943a

Z22 Report:  Published on Aug 14, 2019

https://youtu.be/y34qTJb4Q7k?t=1

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Did You Notice What Was Happening, Truth, Behold The Power - Episode 1943b

Z22 Report:  Published on Aug 14, 2019

https://youtu.be/dMiyE_debp0?t=1

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Dow Drops 800 Points After The Yield Curve Inversion Of The 2 year and 10 Year

Published on Aug 14, 2019

The dow Jones went through heavy losses today as the economic collapse begins to unfold. The Dow dropped 800 points making it the 4th largest point drop on record. Why... It's the yield curve! The 2 year and the 10 year has just crossed into Inversion territory. And now the coming recession has become the main topic. All the biggest names are out to dismiss such a powerful recession indicator even Janet Yelled graced the airwaves to explain that (This time it's different) they said that the last time.

https://youtu.be/1aesjykocF4?t=1