Authored by John Curran via Barrons,
The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. What comes next is a paradigm shift...
Authored by Charles Hugh Smith via OfTwoMinds blog,
This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and barrel.
Via LyonsSharePro.com,
The following guest post is a first-hand account of the events surrounding the Crash of 1987 by JLFMI President, John S. Lyons.
Personal Recollections of the Crash of 1987 on its 30th Anniversary
“There was no ‘smart money’ that day.”
It was supposed to come with a "bang." Instead, the double trial balloon launched by the ECB on Thursday night, delivered at the same time by both Reuters and Bloomberg to make sure that everyone got it and according to which the ECB was considering slashing its QE in half from €60 billion to €30 billion and keeping the program active for at least 9 months, revealed one of the biggest market reaction "whimpers" to an ECB leak in years.
For those who missed it, here again are the bullets:
There shouldn't be a Federal Reserve, but it exists, and it's constantly creating a world of economic pain.?
Each Federal Reserve bubble must turn into a bust. It's unavoidable.
Ron Paul discusses the latest bubble below...
http://player.cnbc.com/p/gZWlPC/cnbc_global
Via RonPaulLibertyReport.com
According to the central planners, the "solution" for the bust is more creation of new money and credit.
That's the only way they can keep their "system" alive.