Hunter, Bix, Keiser and more Thursday Afternoon 9-26-19
"BIS Update: Announcers Open-Ended Fund" by BladeScott - 9.26.19
Entry Submitted by BladeScott at 9:25 AM EDT on September 26, 2019
Good morning! So here we have an announcement of the signing of an agreement between the BIS and the Hong Kong Monetary Authority. From where I sit, this will only have significance should the event such as the RV occur.
If it does not, there will soon be no Central Banks, which would not be all bad either, IMHO. Have Faith, without an event like the GCR, the central banks simply cannot recapitalize to come into Basel 3 requirements. They will die by their own hand.
This is why the dinar is the Keystone currency. All major Banks have many pallets in their vaults. This is why there is so much dinar in circulation, contrary to which a certain cabal Guru continues to pump year after year .
We see them continue to push the climate change agenda here, which I believe is simply a scam to tax the air that the Common Man breathes. As always, discernment is advised. We do see a structure for unlimited humanitarian projects coming into view here.
So, as I've said before, these are matters of treaty negotiation. Not all of these people are bad. But there is significant evil here and I caution to remain very wary.
Hong Kong is key to bringing China into alliance with GESARA mandates and that there has been no military intervention on China's behalf, speaks volumes towards progress.
The Hong Kong Christians have made huge strides there. They have motivated the entire population, and I think it is a beautiful thing. Peace.
So, it remains today very frustrating, but there is massive chaos accelerating everywhere, which I like.... Seriously, it is freaking crazy! Be safe,
The Repo Liquidity Crunch Reveals Market Stress. Will Gold Shine?
Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine?
Scramble for Liquidity Pushes Rates Up
The focus last week was on the FOMC decision to cut interest rates. But a real drama was unfolding in the background. The Fed injected $278 billion into the securities repurchase, or “repo,” market over four days, to stabilize short-term interest rates and to calm the repo market scrambling for liquidity. More precisely, the U.S. central bank injected $53 billion in overnight repurchase agreement on Tuesday, followed by $75 billion re-open on Wednesday, then on Thursday and on Friday as well.
What happened? The liquidity dried up, which pushed the interest rates up. In particular, the effective Federal Funds Rate jumped to 2.3 percent, as the chart below shows. It should have been in the target range of 2.00-2.25 percent before the Wednesday’s cut however. The Fed thus had to step in and inject some reserves to regain control over its main policy rate.
Von Greyerz: "Whole Financial System Disappearing Into Black Hole"
by Tyler Durden
Wed, 09/25/2019 - 21:50
Via Greg Hunter’s USAWatchdog.com,
Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled.
EvG explains, “The central banks are panicking..."
"They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis...
Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming. . . . The panic that started with central banks in the summer in late July and August was, to me, the first step towards total chaos in the world that we will be seeing in the months and years to come. They (central bankers) see it clearly.
They know the banking system is absolutely on the verge of collapse. They know Deutsche Bank (DB) and CommerzBank, too, are down 95%. If you show this chart to a child and ask where is that likely to go, it is likely to go to zero. DB, with their $50 trillion in derivatives, there is no chance they will survive. Of course, Germany and the ECB is panicking because that will affect the whole banking system worldwide. This is why they have started to print money now because there is a massive liquidity problem, and that’s Germany, which is the best country in the EU from the point of economics. Then you take Italy, Spain, France and Greece and they are in a real mess.
This is why the whole system is on the verge of disappearing into a black hole... With the U.S., there is massive liquidity pressure there too.”
The massive amount of money printing to keep the fiat system afloat is just starting. EvG contends, “This is just a practice round..."
" This is just more money at this point. The balance sheet . . . of the Fed is going to go from around $4 trillion to $40 trillion. It is going to go to $100 trillion before this is over. So, right now, they are just practicing a bit because they are going to put the pedal down to the bottom very soon...
There is no other way to save this system, it has gone too far. I am not a pessimist. I don’t want to see the end of the world, but you can see their actions. You can see that now there is absolutely no way out. The only thing they know is to print money. They have already reduced rates to zero or negative, which is a disaster in and of itself.”
EvG predicts, “All of these bubble assets that are based on just credit and credit expansion are going to implode measured in real terms, measured in gold."
"I expect the stock market and the property market to lose at least 95% or more in real terms. . . . The next up cycle for gold (and silver) has started. The next phase of this market has started, and it is going to go on for a long, long time. It is going to go to levels that will be hard to believe today. . . .The world cannot have solid growth until this debt has imploded . . . the transition will be terrible, but I don’t see any other solution to this...
The debt can only be wiped out by also wiping out all the asset values. You can’t just make the debt disappear and have the assets stand there at the values that they are today. . . . When this debt is written off or implodes, or whatever they want to call it, that means all these assets are going to go down. That’s why I am saying it is going to go down 95% against gold. There is absolutely no other way, in my view.”
Join Greg Hunter as he goes One-on-One with Egon von Greyerz, founder of Matterhorn Asset Management, which can be found on GoldSwitzerland.com.
AGAIN! Fed Announces HUGE Increase in Repos as "End Game" Plays Out!! (Bix Weir)
RoadtoRoota: Sep 26, 2019
What I have been working on for the last 20 years is happening now
Roota called it and it's playing out as PLANNED!! The bailouts were just massively increased...and will intensify over the next few weeks. Economic chaos is guaranteed...and Roota KNEW the exact date!!
Keiser Report: JP Morgan Bankers Charged with Racketeering (E1440)
Sep 24, 2019
In this episode of the Keiser Report, Max and Stacy discuss the US Department of Justice finally catching on to the market manipulation by JPMorgan’s precious metals desk that Keiser Report had pointed out nearly ten years ago. In the second half of the show, Max interviews Craig Hemke of TFMetalsReport.com about the significance of the racketeering charges against JPMorgan’s precious metals traders.