Sunday, 16 February 2014

Total Economic Crash Video - conspiracies everywhere

A youtube video that covers facial recognition, 1914 - 1929 graph and more.

This is classic conspiracy stuff.  The 1929 crash stuff has all been done before.  Use two different scales and this type of graphs pops out more often than you would think.

I like the first comment "hey what's the name of the bakcground music?"

Monday, 10 February 2014

The Maxcoin conspiracy

So Max Keiser launches MaxCoin.   Max is ahead of his time and presents the best economics related show on TV.  I first discovered him sitting in a hotel room in Kazakhstan many moons ago.  As the only English speaking show on TV I watched and was hooked. 

Max has how moved to London and continues to entertain and inform.  He is also gold dust for any good conspiracy economics website (where gold as an investment features regularly)

So back to Maxcoin.  Max may say that he is launching Maxcoin to provide an alternative to fiat currencies and to expose the corrupt bankers and the insanity of printing money to save the planet.

But think again.  Launching Maxcoin and then Stacycoin (his excellent wife and sidekick) is really a clever way of fundamentally undermining credibility in Bitcoin.

The launch of Maxcoin may well spell the END of Bitcoin as the credibility of cryptocurrencies has been fundamentally undermined.

Note the fall in Botcoin since the launch pf Maxcoin?  Are cryptocoins now a laughing stock?

There is an underbelly that needs to be this space.

UK floods "Did The Environment Agency Deliberately Increase Flooding?"

Mail on Sunday reports in the usual way...  Parsnips and voles get priority over people.  If it were not for the popularity of this paper it would be less of a problem.

The conspiracy angle is interesting though.  The environmental agency have a limited budget to spend which is allocated by government.  The recent floods might result in an increased budget in the future which means jobs are safer in the EA and the empire grows.

Agency for flooding that puts greater water parsnips and voles before local people

"The Environment Agency put water voles, greater water parsnips, silver diving beetles and large marsh grasshoppers ahead of people in the flood-ravaged Somerset Levels, The Mail on Sunday can reveal. 

A 250-page agency document issued in 2008 shows that years of neglecting vital dredging which used to let water drain away much faster is part of a deliberate policy to increase flooding in the areas now worst affected.

The policy was revealed as agency director of operations David Jordan angered residents yesterday by calling the flood defences a ‘success story’."

Friday, 7 February 2014

Mt. Gox shocks - no more withdrawals

Mt. Gox halts withdrawals. Wall Street Journal.  Conspiracy economics has a Mt Gox account although it is currently Bitcoin less so no damage done.  Close escape - thousands of dollars on the line.

Worrying but I suspect a merely ttemporary problem.  What is more worrying is the proliferation of crypto-currencies.  Surely there will not be that many people willing to sell real goods for bytes.

BitBeat: Mt. Gox Halts Withdrawals, Bitcoin Price Drops [Wall Street Journal]

"Oh, Mt. Gox.

When one of the larger crypto-currency exchanges has a problem, the entire bitcoin trading universe has a problem. So it was with BTC China back in December, and so it was with Japan-based Mt. Gox today.

The embattled Mt. Gox was already having problems, following a host of disruptions to its service and months-long shutdowns of dollar withdrawals due to problems setting up a U.S. banking relationship. But on Friday the exchange went to the next extreme, halting all customer withdrawals, including those in yen, which had provided a backdoor exit, albeit a convoluted one, for its frustrated U.S. customers."

Tuesday, 4 February 2014

Economist tries to start a bank run

Could withdrawing $1 million from a bank start a run on that bank and many others?  One "Terry Burnham, former Harvard economics professor" thinks so. 

Clearly academic economists at Harvard and paid a lot more than most academics to have accumulated such a tidy sum to start this bank run.

A number of events can trigger bank runs - could this be it?  Any academic who can write a book called "Mean Markets and Lizard Brains" has to be someone to listen to surely.

Is your money safe at the bank? An economist says ‘no’ and withdraws his [PBS]

"Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. (See our 2005 segment with Burnham below about how “lizard brains” influence our economic decisions.)

Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.

Why am I getting in line to take my money out of Bank of America? Because of Ben Bernanke and Janet Yellen, who officially begins her term as chairwoman on Feb. 1.

Before I explain, let me disclose that I have been a stopped clock of criticism of the Federal Reserve for half a decade. That’s because I believe that when the Fed intervenes in markets, it has two effects — both negative. First, it decreases overall wealth by distorting markets and causing bad investment decisions. Second, the members of the Fed become reverse Robin Hoods as they take from the poor (and unsophisticated) investors and give to the rich (and politically connected). These effects have been noticed; a Gallup poll taken in the last few days reports that only the richest Americans support the Fed. (See the table.)"

New "financial crash date" March 4th 2014

This blog likes to document doomsday dates.  The end of January passed off without anything untoward (see a previous post on conspiracy economics).  This time it is the end of March so enough time to make plans.

As usual those pesky elites are up to no good probably front running gold and short selling everything else.

Elite Insider Predicted Massive Crash in 2012: “Very Large Probability… Around March 4, 2014″ [Shiftplan]

We understand that Doomsday predictions are aplenty these days, but given what’s going on around the world right now it may be time to revisit the eerily prescient forecast of an elite insider.

Grady Means is a former advisor to Vice President Nelson Rockefeller, a former economist at the U.S. Department of Health, Education and Welfare, and has managed multi-billion dollar firms over his career. Back in October of 2012 Means penned a commentary and analysis for the Washington Times in which he noted that “America’s fall will take global economies with it.”

But he didn’t stop there. Means gave us a target date.

So this is what he said:

 There is a very large probability that the real end of the world will occur around March 4, 2014.
 The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes. Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
 The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
 At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
 The rest of the world will fully crash along with us.

 So now we are predicting a bank run - see next story for the latest "bank run news".

Sunday, 2 February 2014

"Engineering financial choas"

Standard conspiracy.  Emerging market problems a deliberate US strategy.  Kingsworld news reports.

There is no doubt that the massive increase in money had to flow somewhere.  A lot went to emerging markets.  The threat of an interest rate rise in the US (as recovery seemingly continues) means hot money is coming back to the US and causing major problems for those countries that have serious misallocation  of capital issues to consider.

Deliberate US policy?  That is a different question but a flight to the dollar would not be a bad thing.  However, US companies still need to sell to someone.

Former US Treasury Official - US Engineering Financial Choas

Today a former US Treasury official told King World News that the United States government is purposefully creating financial chaos all over the world in order to destabilize enemy countries and create a flight into the US dollar.  This is an incredibly important interview, where the former US Treasury official lays out exactly what Washington and the US Fed are intentionally doing to the world in this powerful interview.

 Eric King:  “This emerging markets mess, your thoughts here because there is (so much) turmoil around the world at this point.”

Dr. Roberts:  “Eric, there are different ways you can look at the emerging markets mess.  One is that all the liquidity that the Fed created, some of it flowed into emerging markets, and now that the Fed is indicating an end to quantitative easing the money is flowing out.  As it does it causes the sale of those currencies in those countries and they plummet, and this causes all kinds of financial chaos.  That’s one way to look at it (the way the mainstream media propaganda is leading people to believe)....

After this the article gets even more conspiratorial.