Treasury Secretary Jack Lew made the following statement during remarks today before the Economic Club of Washington D.C.: “[W]e are relying on investors from all over the world to continue to hold U.S. bonds.  Every Thursday, we roll-over approximately $100 billion in U.S. bills.  If U.S. bond holders decided that they wanted to be repaid […]

The Fed said that it would continue buying bonds at an $85 billion monthly pace for now, expressing concerns that a sharp rise in borrowing costs in recent months could weigh on the economy. What the Fed is really saying is that behind-the-curtain everyone is screaming that interest rates will rise and that will blow […]

Spanish Prime Minister Mariano Rajoy The collapse of Socialism is unfolding before everyone’s eyes – they just ignore it. In the states they manipulate the CPI to render inflation irrelevant and impossible. In Spain, they now will stop indexing pensions altogether because they cannot create a fake CPI as the US does. There will no longer […]

German papers are reporting a secret deal of Merkel’s. The Federal Chancellery experts working on the revision of banking supervision have leaked that Angela Merkel will give up her resistance to the takeover of the banking supervision by the EU after the election. The international banks are to be therefore controlled by Brussels. Germany will control only the […]

China continues to shift from Public to Private debt investment. In July, they were buying mortgage-backed securities while selling US government debt. They are moving away from the Public and into the Private debt markets. China understands cycles – the West does not. http://www.chinaeconomicreview.com/node/64579

Governments require banks to collect, store and analyze customer data for tax purposes. Now the HSBC want to link the data from all customers worldwide. They claim this allows access to the bank accounts of customers faster and more efficient in case of emergency – as in the case of a banking crash. And the side […]

Netherlands is slipping down the Sovereign Debt Crisis as austerity measures failed. Netherlands will miss the EU’s deficit target, says a report by the State Economic Institute CPB. Prime Minister Mark Rutte is considered strong advocate stricter EU budgetary rules, but he fails because the entire idea of how to run a government used by modern […]

Finland is the latest country to illustrate that the Sovereign Debt Crisis is alive and well. The economy in Finland is in recession as is most of the Eurozone. For the first time, 2014, Finland will not meet the Maastricht guidelines as its debt ratio will exceed 60%. Their own accounting projects in 2014 the […]

    Our Jeweler is making up these 3rd century coins for Xmas. We will have less than 100 available so they are on a first come first serve basis.

The stories that Putin is the richest man in the world are nonsense emerging from Stanislav Belkovsky who is a former computer programmer turned political consultant. Belkovsky was hired by Boris Berezovsky who once admitted to hiring to him to raise Russian nationalist forces against Putin to further the Safra attempted takeover of Russia. The project […]