Someone seems to have hit the emergency button at the Fed, as even though the central bank said that everything was just fine with the American economy just a few weeks and months ago, the situation has currently escalated into a full-blown panic mode.
Guest Post - Path to the Great Reset
By Joe Withrow
Author of 'The Individual is Rising'
The financial, political and economic powers wish you and I to remain confused about what constitutes money because this promotes apathy and the desire to let the 'experts' remain in control. And while the subject can be complex, it can also be summarized rather elegantly when the author wishes to clarify rather than confuse. We welcome Joe back for another lesson in simplification.
Cognitive Dissonance
One month ago, when Mario Draghi unveiled his quadruple-bazooka QE expansion, which for the first time ever included the monetization of corporate bonds, the German press, in this case Handelsblatt, had a swift reaction. It did not approve.
The U.S. prosecuted suspected Boston Bomber Dzhokhar Tsarnaev – knowing that the evidence they had actually proved he was innocent. According to attorney John Remington Graham there was never probable cause to assume that Tsarnaev was guilty – but the government and media deliberately chose to ignore this fact in their hunt to blame somebody for the atrocity. Paulcraigroberts.org reports: The government of the United States has prosecuted Dzhokhar Tsarnaev in the knowledge that its evidence proves he is not guilty.
During a leisurely stroll around Germany, one may encounter many strange sights but nothing would stranger than the following ad (courtesy of Peter Barkow) which promises negative 1% interest rates for consumer loans up to 24 months.
Here is the quick and dirty: take out a loan and pay 1% less.
For the fine print we go to Santander Consumer Bank AG, which has this to which has this to say about this self-amortizing (if only in the beginning) loan.
-1.0% FINANCING