Central banks and government entities around the world are now dominant players in the stock market with some $30 trillion invested in equities and other assets, according to a new study released this week offering the first comprehensive analysis of public-sector investments. About half of that is from central banks. In other words, monetary authorities, which conjure fiat currency into existence out of thin air, are using much of that “funny money” to gobble up real assets — propping up stock prices but eroding the value of people’s savings through inflation of the currency supply. The significance of the findings is monumental.
Louisiana Gov. Bobby Jindal issued executive orders aiming to remove the Obama administration-pushed Common Core education standards from the state’s government schools, drawing widespread applause from teachers, parents, taxpayers, and activists across the political spectrum. The order seeks to kill the school nationalization scheme by withdrawing Louisiana from the federally funded national testing regime aligned with Common Core, a deeply controversial and expensive assessment that the Republican governor said was adopted in violation of state law. Education bureaucrats, though, are fighting back.
Germany’s top federal prosecutor has opened a criminal probe into espionage operations by the U.S. National Security Agency, particularly focused on the NSA snooping directed against German Chancellor Angela Merkel. The goal, he said at a press conference, is to bring to justice specific individual U.S. government agents who were allegedly involved in the unlawful snooping operations against German officials. Prosecutions for spying on everyday citizens, while a violation of German law, will not be forthcoming — at least not yet.
Under the guise of beating back Sunni jihadists in Iraq who are benefiting from Obama’s “regime-change” policies in Syria, the administration is openly considering U.S. military cooperation with the Iranian regime to prop up Tehran’s ally in Baghdad. Neoconservative U.S. lawmakers are pushing the prospect, too. Ironically, perhaps, the Assad regime’s Syrian war planes, using intelligence supplied by Iran, have been pounding the hardline Sunni Islamist forces that seized control over wide swaths of Iraq in recent days. In other words, U.S. foreign policy in Iraq is now aligned with the regimes in Syria and Iran — the same officially listed “state sponsors of terror” that the Washington, D.C., establishment has been seeking to overthrow for years as part of the “axis of evil.”
Under the guise of seeking higher inflation to “stimulate” the economy (and erode the value of people’s savings even faster), the European Central Bank announced negative interest rates on bank deposits held at the ECB — the first time a major monetary authority has ever set the rate below zero. If that proves to be not enough in its supposed battle against “deflation” or “not enough” inflation, the central planners at the eurozone central bank are threatening to do still more. Already, they are talking about potentially even starting up their own Federal Reserve-style “quantitative easing” gimmicks to gobble up real assets with fiat currency conjured out of thin air. Critics, though, are warning of disaster.
While many questions remain unanswered surrounding the reported kidnapping of U.S. Army Sgt. Bowe Bergdahl, one crucial fact overlooked by the establishment media is not debatable: The Taliban-aligned Haqqani network that held him is closely linked with the Pakistani government’s intelligence agency, which in turn has been a close ally of the U.S. Central Intelligence Agency. Indeed, the Islamist terror group has at various points been openly supported by the CIA and Pakistan’s Inter-Services Intelligence since it was founded with U.S. government backing in the mid-1970s — and top American officials know it.
With the chaos and terror currently engulfing Iraq, American advocates of a non-interventionist U.S. foreign policy can once again — unfortunately — say “I told you so.” The absurdity of Middle East policies pursued by the Bush and Obama administrations are once more on full display for the world to see. The fruits of variously backing dictators, deposing governments, arming terrorists, and putting U.S. forces all over the region are clear to see: death, destruction, instability, carnage, terrorism, extremism, murder, never-ending war, and more. Now, Obama wants to intervene in Iraq again — on the same side as the Iranian regime.
Under the guise of re-defining and improving what they inaccurately called “capitalism,” top insiders representing institutions that control some $30 trillion in assets met at a Rothschild-sponsored “Inclusive Capitalism” summit in London to push what sounded suspiciously like global tyranny. From the IMF boss quoting Karl Marx to crony capitalist CEOs and central bankers pushing radical notions of “sustainability,” the globalist bigwigs consistently blamed what little remains of the free market for the horrific failures of socialism, central banking, and Big Government. Ironically, many of the attendees enriched by fleecing taxpayers via government were tripping over themselves to advocate more wealth redistribution and taxes.
The Kremlin and the Communist Chinese regime, through their state-controlled “companies,” have been signing major deals with each other that analysts say will contribute to the acceleration of the U.S. dollar losing its status as the global reserve currency. Two agreements in recent weeks deserve special attention: a $400 billion Sino-Russo energy contract, and a separate deal between two of Russia and China’s largest financial institutions to bypass the dollar in favor of domestic currencies. The geopolitical implications of the fast-moving trends are monumental — especially for the United States, where the end of dollar hegemony will lead to potentially unprecedented economic upheaval.
International Monetary Fund boss Christine Lagarde shocked the world by saying IMF headquarters could someday move from Washington, D.C., to Beijing.