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The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent

Posted by silverngold @ 23:11 on September 20, 2016  

The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent

Posted: 19 Sep 2016 06:49 PM PDT

chinese-money-public-domainThe pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China’s “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia’s speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.

Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring.

If you are not familiar with the Bank for International Settlements, just think of it as the capstone of the worldwide financial pyramid.  It wields enormous global power, and yet it is accountable to nobody.  The following is a summary of how the Bank for International Settlements works that comes from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

Normally the Bank for International Settlements is not prone to making extremely bold pronouncements, and so this warning about China seems a bit out of character.

Is something going on behind the scenes that we don’t know about?

Without a doubt, the global financial system is shakier and more vulnerable than most people would dare to imagine.  Global central banks have been on the greatest money creation spree in recorded history, and interest rates have been pushed to ridiculously low levels.

If you can believe it, approximately 10 trillion dollars worth of bonds are trading at negative interest rates right now.  This is completely and utterly irrational, and when this giant bond bubble finally explodes it is going to create a crisis unlike anything the world has ever seen before.

Just recently, Michael Pento of Pento Portfolio Strategies commented on this bubble

He said the current financial conditions are “the most dangerous markets i have ever witnessed in my entire life – and i’ve been investing for over 25 years… The membrane has been stretched so wide and so tight that its about to burst.”

Pento believes that once the bond crash happens, it will trigger a cataclysmic wave of crashes throughout the entire global financial system

Mr Pento has now warned that when policymakers signal they are set to stop buying, which will stop bond prices rising, there is going to be a devastating crash – not just in bond markets but across all investment assets.

He said: “When the bond market breaks, when that bubble bursts, it will wipe out every asset, everything will collapse together… I mean diamonds, sports cars, mutual funds, municipal bonds, fixed income, reits, collateralised loan obligations, stocks, bonds – even commodities – will collapse in tandem along with the bond bubble burst.”

Many had been anticipating that we would have already seen a major financial crash in 2016, but so far things have been pretty stable, and this has lulled many into a false sense of complacency.

But it is important to remember that we have seen corporate earnings fall for five quarters in a row, and it is expected to be six when the final numbers for the third quarter come in.

Never before in history have we had a stretch like this without major economic and financial consequences.  The following comes from a recent Fortune article which referred to an earlier piece authored by Jim Bianco…

None of this, however, is apparent from how stock market indexes have been moving lately, which unlike the charts above have been going up and to the right. “Since 1947, every time profits fell this much, or for this long, a recession was either underway or about to begin,” writes Bianco. “The only exception was the middle of 1986 to early 1987.”

If you remember, there was a pretty important event that happened in 1987: A massive stock market crash that sapped close to 30% of the S&P 500’s value in just five days.

It is only a matter of time before this earnings recession takes a major bite out of Wall Street.

Stock prices can stay at irrationally high levels for quite a while, but history has shown that every bubble bursts eventually.

And when this bubble bursts, it is going to make 2008 look like a walk in the park.


Posted by goldielocks @ 20:28 on September 20, 2016  

Pits of zool. Lol Well I like that one. That’s exactly what we’re doing because people’s brains seem to be deteriorating. As far as politicians, rotting.

Even without terrorists attacks we will probably be seeing more interruptions because these gas pipes are old now and they seem to wait until there’s a problem before maintance because their underground. We had issues there too and about 7 miles away from me some streets were closed because of it awhile back. Fixing could take more time than the promise. You think by now they would find alternative ways to get the gas in via trucks in a emergency. Same for any kind of emergency situation. So much for mayors, Governors, or congressman.

They will continue to do the wrong thing or nothing at all. As far as terrorists crash and burn may come if people get fed up enough and just go out and start shooting them. More likely both will happen with more Attacks and more slums rising across the nation. A sort of living hell of crime running rampid.  But then we have a administration that instead of continuing  up the socioeconomic ladder wants everyone to go down to be on their level,  into the pits of zool.

Hillary dead?? You decide!

Posted by silverngold @ 20:05 on September 20, 2016  

One thing is for sure. Even this composite video is a lie and meant to deceive.


Posted by eeos @ 19:23 on September 20, 2016  

Whatever happens will be a spoof. They want to trick people. So it will be bad news either way. It’s the spinmeisters with a full frontal attack. Why would the PM’s be spared? We’re going to be someone’s bit*h again. The laughing stock, look at those dumb goldbugs getting smashed again. It’ll need to look Gold negative even if it’s truly Gold positive.


Posted by Moggy @ 19:22 on September 20, 2016  

Crash and burn would be easier than sinking into the pits of zool, which is where we are headed.  As the transiting planet Pluto makes its last square to natal Saturn now through October from the U.S. second house of wealth, we shall soon become aware of the result of severe challenges to our way of life, as the financial structure on which we have lived is destroyed.

Locally, the gasoline ran out in our little town on Saturday.  Rumor has it that this week will bring relief.  Just imagine if relief doesn’t arrive…the utilities will shut down, people will be unable to get to the grocery store or to work, ambulances won’t run, doctors and nurses won’t be able to get to the hospital…and on and on.  Just imagine if terrorists hit gasoline pipelines all across the country.  It boggles one’s mind.

Gold Seen Entering Long-Term Bull Market as Asset Bubbles Burst

Posted by Mr.Copper @ 18:46 on September 20, 2016  

Gold will likely soar to a record within five years as asset bubbles pop in everything from bonds to credit and equities, forcing investors to find a haven, according to Old Mutual Global Investors’ Diego Parrilla.

Parrilla joins a slew of investors who are bullish on gold because of low borrowing costs and central-bank bond buying. Billionaire bond-fund manager Bill Gross has said there’s little choice but gold and real estate given current bond yields, while Paul Singer, David Einhorn and Stan Druckenmiller have all expressed reasons this year for owning the metal.

Gold Bull McEwen Sees Prices as High as $1,900 by End of Year.
Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview at a gold conference in Colorado Springs. “A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.”

In 2000, he launched an audacious experiment when he was at Vancouver-based Goldcorp. Offering $575,000 in awards, he threw open to the public more than five decades of proprietary data on the company’s under-performing Red Lake mine in Ontario and challenged geologists to locate the next 6 million ounces of gold.

Red Lake ended up becoming one of Goldcorp’s richest gold mines, producing more than $3 billion worth of the metal, he has said.



By this Friday Gold will either be

Posted by newtogold @ 18:40 on September 20, 2016  

1350 or 1280 or less  than that. Hell if the rate hike occurs, we could even go to 1200 before we get a dead cat bounce. I still think a raise is coming. BTW, anyone watching DB? New low today. Will the ECB intercede? Probably? Will the US equities tank?Who knows. Maybe.  Will PMs tank on a raise of rates. You can BTFF.

The Coming Dark Age … Armstrong

Posted by ipso facto @ 16:23 on September 20, 2016  

The Coming Dark Age

interesting watch

Posted by eeos @ 14:15 on September 20, 2016  


Posted by goldielocks @ 13:55 on September 20, 2016  

We’re heading to crash and burn it seems. All a greed game anymore. There’s need and greed. There’s is greed and now insane power trips. Like Mr Copper said, give them enough rope but they’ll drag us along in the process of people don’t wake up and cut it lose. Armstrong mentioned about the problems over seas with debt when they changed to the euro it can’t survive because they did nothing about the debt BEFORE they merged into the Euro. That it was stupid.

I question that, maybe it was planned. They knew once the debt was called starting with Greece they would own them. Then the dictation started including threating these countries to take all these refugees for their slave labor scam or else they’d hit them financially with no regards to their soverignty, quality of life, culture or safety. Still nazis just changed the name. We got a similar issue going on here but more are fighting back and we got guns they want and we know why.

I haven’t read the Mogambo Guru in quite some time …

Posted by ipso facto @ 12:56 on September 20, 2016  

Me And Manager Dan


Moggy @ 11:18

Posted by ipso facto @ 12:47 on September 20, 2016  

Hi Moggy … I’m a big turmeric fan. I eat it every day, love it on eggs, sandwiches etc. I’ve read so much about the benefits it’d be crazy not to eat it regularly.

Cheers … and Hello to the kitties!

I think it’s in the best interest of the elected parties, banks and the general economy

Posted by eeos @ 11:45 on September 20, 2016  

to keep gold and silver buried before the US elections. Any pop would make them all look bad. That’s why I think the general stock market will remain propped too.

It’s ludicrous and small brained to think the USA controls the Gold paper market, but I think they do for now.

So if we see a big breakout it could be signalling many things are possible

SnG @ 11:02

Posted by Moggy @ 11:28 on September 20, 2016  

Americans cannot even help themselves regarding terrorists, it is doubtful we can help the Syrians.  We have become a nation lacking the backbone to dethrone the usurpers in government who desire to destroy our constitution; we have become a nation lacking the will to maintain our freedoms.  We stand silent as we watch the nation crumble into lawlessness.  We have forgotten that we shall reap what we now sow.  May God forgive us.

Wellsfargo-WFC Charts

Posted by eeos @ 11:20 on September 20, 2016  

Their stock has recovered nicely since 2008. It’s not been hammered quite yet. Maybe it’s flagging here? Evil bankers? Well yes, and I don’t think most WFC employees can even grasp with what’s going on in the big picture. Blind, compartmentalized, and oblivious- most likely.  Crooks could start at the top in banks. Everyone below top management are pawns in the game.





Posted by Moggy @ 11:18 on September 20, 2016  

Could turmeric really boost your health?

Thanks for the interesting article.

I’ve been using it in my food for years and recommend it highly rather than supplements, especially if a person lacks his or her gall bladder, in which case taking the supplements will cause distress.  Sometimes I sprinkle it lightly but use it heavily in soups and when making rice.


Posted by silverngold @ 11:02 on September 20, 2016  

Too bad the American people will have to pay the price for their corrupt government. This will open your eyes if they are not already open!!

As Mongolia teeters, bond investors bank on China for bailout

Posted by ipso facto @ 11:01 on September 20, 2016  



Posted by goldielocks @ 11:01 on September 20, 2016  

You might be right despite banking are nice and cozy with her. Donate to her and get something. She was behind helping the banks so peoole couldn’t file bankrupsy on their student loans. So if they couldn’t finish or get a job after graduation they were stuck with it for life.  She’s a cold hearted cold as ice all about her crook. Nothing is ever enough for Killery like a addiction who will even throw those close to her under the bus. No matter what you could do it wouldn’t be enough and she would want more personality. In short the type that makes victims out of others and shrugs off her own responsibilities. They could put it off as a computer glitch. The question is will people get the money back. Not from the banks who recieced a recurring charge they get all the time from institutions but from Killery.

How the Nation’s Only State-Owned Bank Became the Envy of Wall Street

Posted by ipso facto @ 10:35 on September 20, 2016  

The Bank of North Dakota is the only state-owned bank in America—what Republicans might call an idiosyncratic bastion of socialism. It also earned a record profit last year even as its private-sector corollaries lost billions. To be sure, it owes some of its unusual success to North Dakota’s well-insulated economy, which is heavy on agricultural staples and light on housing speculation. But that hasn’t stopped out-of-state politicos from beating a path to chilly Bismarck in search of advice. Could opening state-owned banks across America get us out of the financial crisis? It certainly might help, says Ellen Brown, author of the book, Web of Debt, who writes that the Bank of North Dakota, with its $4 billion under management, has avoided the credit freeze by “creating its own credit, leading the nation in establishing state economic sovereignty.” Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.

cont. http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street

Central banks have been buying gold with a vengeance

Posted by ipso facto @ 10:29 on September 20, 2016  


Ever wonder why Hillary mantra is “We are Stronger together” “WE” get it !

Posted by Ororeef @ 10:19 on September 20, 2016  

its code for GAY & Lesbian like herself …..Wells FARGO explains it all  !

When you insert your card this June, Wells Fargo will remind you that we are all “Stronger Together” before inviting you to customize your debit card. Seconds later, a rainbow colored card will appear with the word “PRIDE” emblazoned !

Use that Card so all your friends will know your GAY,LESBIAN.     “We are Stronger together”

Listening to this Wells Fargo President prick is making me nauseous

Posted by ipso facto @ 10:18 on September 20, 2016  


Posted by Ororeef @ 10:14 on September 20, 2016  

will never get to “manage my Money”.

Leftists ,Gays ,Lesbian Radicals have taken over Wells Fargo …Thats the Problem ! The Administration wont say “LGBT RADICALS”

Posted by Ororeef @ 10:12 on September 20, 2016  
Market watch recently reported that Wells Fargo stock has plunged into its greatest losing streak in nearly nine years. This comes as little surprise given the fact that the company has experienced a takeover at the hands of radical leftists. Leftists may be experts in certain things like organic gardening, herbal healing, and folk music. But they are not known for their expertise in economics and personal finance. In case you have missed Wells Fargo’s recent radical political shift, here are some of the highlights:

GOP Convention Boycott. It is pretty difficult to imagine a bank boycotting a major political party and that party not being the Democrats. As bad as the GOP has failed at reeling in big government, the Democratic Party has always been worse. For decades, they have actively promoted massive government as a basic tenet of their political philosophy. Given the clear antipathy towards capitalism shown by Democrats it’s fair to ask what non-economic issue could possible lure a major bank into actually favoring their party. A brief perusal of the Wells Fargo twitter account supplies a ready answer.

Multicultural Social Media Activism. A couple days ago I took the time to read the last ten tweets on the Wells Fargo twitter page. Of those ten tweets, seven were about “diversity and inclusion.” Six of those seven tweets were specifically about homosexuality. And therein lies the explanation for their decision to boycott the GOP. While you will not see them at the Republican convention, you will still see their floats at every major gay pride parade in America. The Wells Fargo logo is always prominently displayed somewhere between the inflatable penis floats and the men wearing assless chaps and doing pelvic thrusts to the sound of the Village People singing YMCA.

-PRIDE Cards. You don’t have to log on to the Twitter account to get an overdose of gay activism from Wells Fargo. Just visit one of their ATM machines this month, which is now officially LGBT PRIDE Month. When you insert your card this June, Wells Fargo will remind you that we are all “Stronger Together” before inviting you to customize your debit card. Seconds later, a rainbow colored card will appear with the word “PRIDE” emblazoned across the front. From there, you will be directed toward a special link that allows you to choose from an array of four different gay pride debit cards. What a fabulous way to remind everyone that withdrawing is not the same thing as staying in the closet!

-Anti-Bullying Legislation. If you think you can avoid Wells Fargo LGBT activism by doing your transactions with a teller rather than an ATM machine you are wrong. In February, I made the mistake of wearing a purple and black tie into a Wells Fargo branch office. The teller encouraged me to wear it again on upcoming LGBT anti-bullying day, which is also in February. I can remember a time when you could go to a bank and cash a check without hearing about the plight of poor oppressed homosexuals being teased during recess in our government run schools. But at least it helps divert attention from the fact that Wells Fargo has corporate offices in nations that execute homosexuals. Talk about a lethal injection of corporate hypocrisy. I mean, it almost shocks the conscience.

-Trans Flag Incident. The 54-story Charlotte Wells Fargo building was recently lit up in the “transsexual flag” colors in order to protest the allegedly “trans-phobic” North Carolina HB2 law. I hope that some day they will do the same with the Wells Fargo corporate building in Qatar. All of the genital mutilation done there is on an involuntary basis.

-Minority Loan Program. Not all of Wells Fargo’s short sighted and wrong-headed activism is tied up in the LGBT movement. They also have a minority loan program, which focuses more on race than sexual preference. The last time banks started to give people loans based on the lender’s desire for social engineering rather than the borrower’s actual qualifications it almost destroyed the economy. But since the economy has “recovered” the progressives have decided it’s time to try again. If “progress” fails again, we all know what will happen. The government will bail out the banks because the banking industry is no longer truly private. Maybe that’s why leftist social engineers are now overrunning them.

In a nutshell, all of this political extremism makes me nervous for a couple of reasons. First, it is hard to imagine Wells Fargo is doing all it can to maximize my investments when they are putting so much time and effort into divisive identity politics. Second, it is hard to accept that a company that celebrates shortsighted risky behavior can be trusted to take appropriate risks with my long-term investments.

That is why I am withdrawing all of my assets from Wells Fargo after I return from my summer vacation. I would advise other right-thinking investors to do the same. In the end, Wells Fargo progressive politics will never lead toward progress. In fact, it will eventually lead the company toward a financial collapse.

Don’t take my word for it. Keep your eyes on the falling stock prices.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.