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Showing posts with label US treasury bonds. Show all posts
Showing posts with label US treasury bonds. Show all posts

Wednesday, 5 March 2014

The Ukraine Drama: What you see is not what you get.

Bill has just published part 5 of his Morocco diary, Link below.   He covers a lot of information- not only about what's going on in Morocco right now, and in his own adventures on his journey- but also about current events in the Ukraine.

I am going to add a LOT of info on the Ukraine topic as I have been following this very closely, and had shared some interesting information with Bill on this the other day.

.... you might want to get a coffee for this.  it's one of "those" D articles, lol.


What you are seeing in the Ukraine is not what it seems and not what the media is screaming that it is.  This my friends is a HUGE distraction, and one that to me has obviously been planned out for a long long time.

 Morocco Morocco Diary #5 By American Kabuki


Its now March and the winds are truly roaring in like a lion in Northern Morocco. One day it comes from desert, another it comes from the sea. Change is in the wind, in the world at large and in me personally. The powers-that-were invented the Ukraine crisis 15 years ago while Gorbachev was still in power. Russia, the USA, Europe, China and Turkey have long known the roles they were supposed to play in this careful planned out drama before it ever began. The attempts to start a World War in Iran, Syria, Venezuela and other regions have failed and Ukraine is the next custom-off-the-shelf crisis to hit the press and intelligence agency agendas of distraction. It was all carefully war-gamed and financed. The systems have failed, and now crumble. The Humpty Dumpty of central banking will never every rule this planet again. And a year from now you will have forgotten about the Ukraine like you have already forgotten about the other distractions of Iran and Syria.

Continue reading here : http://americankabuki.blogspot.com/2014/03/morocco-diary-5.html#ixzz2v4hrxtQm


There is a lot of transparency on the Ukraine situation if you go looking for it, and there are a few interesting pieces of information that have been brought to light.  Some might be relevant, some are distraction.

One of the interesting things that I've been following closely is the China aspect to all that has purportedly been going on in the Ukraine.  Russian spokesmen have stated that China has thrown it's hat into the ring in support of Ukraine against US interference

"Russia has said China is largely "in agreement" over Ukraine, after other world powers condemned Moscow for sending troops into the country."

http://news.sky.com/story/1219922/russia-and-china-in-agreement-over-ukraine

Which, given the nature of the BRIICs  Alliance, isn't really all that surprizing, not to mention the financial aspect to this, which I'll come back to in a moment.

"




Why is China entering a nuclear security pact with Ukraine?

  • Yu Ligong
  • 2013-12-15
  • 09:09 (GMT+8)
Xinhua News Agency on Dec. 10 reported that China and Ukraine on Dec. 5 signed a cooperative agreement which included this article: China, according to the UN Security Council Resolution 984 and the Chinese government statement on providing security guarantees to Ukraine on Dec. 4, 1994, promises unconditionally not to use or threaten to use nuclear weapons against non-nuclear Ukraine, and to provide security guarantees to Ukraine if Ukraine is attacked by nuclear weapons or threatened by such aggression.
Clearly, this is a guarantee for strategic alliance and an unusual nuclear protection umbrella. Ukraine is far from China and in no way affects the latter's national security. What ,then, is the need for such an agreement?
http://www.wantchinatimes.com/news-print-cnt.aspx?id=20131215000030&cid=1703

The Budapest Memorandums were originally signed between the Ukraine, US, UK and Russia.

The Budapest Memorandum on Security Assurances is an international treaty signed on 5 December 1994, providing security assurances by its signatories in connection to Ukraine's accession to the Treaty on the Non-Proliferation of Nuclear Weapons. The Memorandum was originally signed by three nuclear-powers, the Russian Federation, the United States of America, and the United Kingdom. China and France later gave individual statements of assurance as well.[1][clarification needed]
The deal included security assurances against threats or use of force against the territorial integrity or political independence of Ukraine as well as those of Belarus and Kazakhstan. As a result Ukraine gave up the world's third largest nuclear weapons stockpile between 1994 and 1996.[2][3]

http://en.wikipedia.org/wiki/Budapest_Memorandum_on_Security_Assurances



The Council on Foreign Relations (CFR)  States:


The Presidents of Ukraine, Russian Federation and United States of America, and the Prime Minister of the United Kingdom signed three memorandums (UN Document A/49/765) on December 5, 1994, with the accession of Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons. Through this agreement, these countries (later to include China and France in individual statements) gave national security assurances to Belarus, Kazakhstan and Ukraine. The Joint Declaration by the Russian Federation and the United States of America of December 4, 2009 confirmed their commitment.
 http://www.cfr.org/arms-control-disarmament-and-nonproliferation/budapest-memorandums-security-assurances-1994/p32484


Strangely enough, when I searched for information on the Budapest Memorandum, I found this above link to CFR, but while the date on the document says Published December 5, 1994,  in the search engine it says:

Council on Foreign Relations ‎- 3 days ago

 ... which takes you to the exactly page quoted above.

As for China signing this Memorandum,  CFR says that they did, but gives no date, and as of yet, I cannot find any proof nor dates that show when this supposedly happened.  Then on further investigation of the "Nuclear umbrella" agreements signed by China and Ukraine in December 2013, I found this rather interesting:

Inside China: Ukraine gets nuclear umbrella

Ukrainian President Viktor Yanukovych escaped protests in his country last week with a state visit to Beijing, where he received China’s pledge to protect Ukraine under its nuclear umbrella.

On Dec. 5, Mr. Yanukovych and President Xi Jinping signed a bilateral treaty officially pronouncing that China and Ukraine are now “strategic partners.”
China pledges unconditionally not to use or threaten to use nuclear weapons against the nuclear-free Ukraine and China further pledges to provide Ukraine nuclear security guarantee when Ukraine encounters an invasion involving nuclear weapons or Ukraine is under threat of a nuclear invasion,” said a joint statement on the pact.


So...... did China sign the Budapest Memorandum?  And if so, when?  The above article implies that the signing of the nuclear agreement between China and the Ukraine on Dec 5 2013 was the beginning of their agreement.  I cannot find ANY information about China signing the Budapest Memorandum, other than the CFR's statement (unsupported by any links or backup) that says that they did- and the CFR's link is only 3 days old, which leads me to believe that they changed their original article, or added this article AFTER the media started talking about the nuclear agreements of the Budapest Memorandum.
 
To summarize:
 
US has been caught red handed in creating  and encouraging the political turmoil in the Ukraine.  There are now several videos that clearly show agents within the bands of protestors and even a few of them getting caught outright.  The one thing the US is NOT, is creative.  They have been using the EXACT same template for decades.  It is to the point now that everything they do is so transparent just because we've already SEEN IT ALL BEFORE!!  This article does a good job of outlining the US/EU/UK party line on this subject-I recommend reading the entire piece:

UKRAINE: CIA And EU Collude To Execute Another Color Revolution

by
February 19th, 2014

 http://www.storyleak.com/ukraine-cia-eu-collude-execute-another-color-revolution/#ixzz2v5bdpz5k


So the US causes a huge mess- right at the time that the Russian Sochi Winter Olympics is about to start.  Oh wait!!!  Didn't the US send US Navy ships to Sochi for extra security?  Why yes they did!!  Now, the official Winter Olympics might be over, but the Paralympic Games are STILL ongoing!


US warships available for security backup for Sochi Olympics, Navy says

The USS Mount Whitney supports maritime security operations with the Georgian coast guard in the Black Sea, which is within the U.S. 6th Fleet’s area of responsibility, Nov. 13, 2013.


STUTTGART, Germany — U.S. Navy ships will be stationed near the Black Sea resort town of Sochi and will be available for contingency operations if Russian authorities call upon them for support during next month’s Olympic Games.
“Air and naval assets, to include two Navy ships in the Black Sea, will be available if requested for all manner of contingencies in support of — and in consultation with — the Russian government,” Rear Adm. John Kirby said in a statement.
U.S. commanders in the region are conducting “prudent planning and preparations” if that support is required, Kirby said.

http://www.stripes.com/news/europe/us-warships-available-for-security-backup-for-sochi-olympics-navy-says-1.263164


 And yet, the Russian and Alternative media is sending out a massive fear porn attack by making a HUGE deal that US war ships have parked themselves off the Russian coast:


U.S. warships entered the Black Sea

March 3 2014- Google Translation
Motion vector indicates that they are moving to Ukraine, but there they are not welcome
In some media reported that two American warships - cruise missile destroyer Ramage and the flagship of the 6th Fleet U.S. Mount Whitney - crossed the Bosporus and the Dardanelles and entered the Black Sea. Speculated that they sent to the shores of Ukraine.

http://www.mk.ru/politics/article/2014/02/03/979190-amerikanskie-voennyie-korabli-voshli-v-chyornoe-more.html


Ummmmm..... perhaps they never left?

Another interesting fact I would like to point out is that when the "Russian troops" were said to have taken over areas of Crimea, they were wearing uniforms without any insignia:

Russia's Use Of Unmarked Troops In Simferopol, Crimea: Shady, But Not Illegal

on March 04 2014 5:52 PM

Simferopol soldiers
Armed men stand guard at the Simferopol airport in the Crimea region February 28, 2014. Armed men took control of two airports in the Crimea region on Friday in what Ukraine's government described as an invasion and occupation by Russian forces. REUTERS/Baz Ratner
http://www.ibtimes.com/russias-use-unmarked-troops-simferopol-crimea-shady-not-illegal-1559425




But then the next thing we hear is:

Putin Denies Sending Russian Troops to Crimea

Topic: Turbulence in Ukraine

President Vladimir Putin (right) facing journalists at the Novo-Ogaryovo residence to answer questions concerning the situation in Ukraine, March 4, 2014.
16:37 04/03/2014

MOSCOW, March 4 (RIA Novosti) – Russian President Vladimir Putin said Tuesday that his country has not deployed any troops in Crimea recently and has no plans to annex the peninsula.
Ukrainian officials and media have claimed in recent days that clandestine Russian army troops without insignias were deployed in the southeastern Ukrainian region, which has a majority ethnic Russian population.
When asked about the identity of the troops, Putin told a press conference that they are “local militias.”

http://en.ria.ru/russia/20140304/188087074/Putin-Denies-Sending-Russian-Troops-to-Crimea.html


Who to believe eh?

Now of course, this is just a bit of back ground on the quasi political side of the Ukraine/Russia/China/America aspect of this drama.  Lets get back to the financial/banking side of this.

Right now we have a farcical drama going on in the financial arena,  and it is literally drama of epic proportions that is being played out. 

Regardless of what the talking heads on the financial main stream media sectors are desperately trying  to sell, there is NO economic recovery. The entire economic system has completely collapsed.  I have been posting articles in Transpicuous News that have been outlining what I have been saying for months now.  Facts that even the main stream media (MSM) are beginning to leak, like a crack in the dam that is about to explode.  All the information is there, you just have to SEE it and recognize it for what it is.

Of course, the vast majority of the MSM are still toting the Banksters byline that all is well in the world of money and finance.  Yesterday one of the most prolific bankerasslickers produced this article that literally made me spew coffee on my laptop I laughed so hard:

Aide To Putin Makes The Stupidest Threat Imaginable To The US

Joe Weisenthal

Mar. 4, 2014, 4:03 AM    62,135 72

REUTERS/Alexander Natruskin

Here's a good laugh.

Sergei Glazyev — a Kremlin aide who's known for voicing extremist lines on policy — is out with some of the sillier threats imaginable to the US.

From Reuters:

A Kremlin aide said on Tuesday that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off any loans to U.S. banks.

Catch that? Glazyev is literally threatening to put his own companies into default. That's the opposite of a threat.

"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev, noting that Russia could stop using dollars for international transactions.

"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.

Again, all you can do is laugh at the notion that Russia has the ability to induce a crash of the US financial system by getting away from the dollar. Sure, if Russia wants, it can conduct transactions in any currency it likes, but that won't stop Russian counterparties from then exchanging whatever currencies they trade in for the dollar. ...


This article is either a blatant sign that these reporters are suffering from asphyxiation thus causing a rapid killing off of brain cells, or they are desperately trying to perpetuate the lies that they have been told they must tell the public.

Know what would happen if Russia stopped using the US Dollar as it's reserve currency?   NOTHING!  They have been doing their trading in Rubles, Yuan, Yen, Rupees and a handful of other currencies for almost TWO YEARS now!  The BRIICs Nations openly told the world that they were not using US Dollars any more for trading between their countries in March 2012.  Not long after that, there was a deluge of countries who followed suit.

Know what would happen if Russia refused to pay off their "loans" being held by US Banks?  NOTHING!   The Big 5 American Banks are completely bankrupt.  Russia knows this.  So does the rest of the BRIICs and the G20 and all the Federal Reserve held Central Banks.  Right now the Big 5 US Banks are about as scary and threatening as Wile E Coyote armed with a peashooter.

Let's expand on this and bring China back into the discussion.   The entire planets perceived "Governments" and Central Banks and Banking families all KNOW that they are all bust.  The US keeps writing checks that it can't even come close to cashing- like offering $1 Billion in aid to the Ukraine.  The vast majority of US debt is held by China (and Japan- who's so beyond broke that the light from broke will won't reach japan for another 5 lightyears).  China is also bankrupt and has decided that it isn't going to fund the US's flagrantly excessive spending any more.

PBOC Says No Longer in China’s Interest to Increase Reserves


The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank,

http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html

That means that they are no longer buying US Treasury bonds.  Economic Collapse Blog stated this very clear question:
"If the Federal Reserve starts tapering bond purchases and China quits buying our debt, who is going to fill the void?"

Guess what?  The Fed DID start tapering bond purchases and China DID quit buying the US Debt.  So far no one is volunteering to fill the void.  Hence all the magic tricks and slight of hand maneuvers that the Fed and UST have been doing since November:

The Twisted Tale of $200 Billion.... Now you see it.... now you.... opps! 

Basel Bestows a Break to the Banks, Belying Bankruptcy

Monopoly Money, "IOUs" and Where's the gold anyway?

The "Debt Ceiling" aka: "special manouvers" of the Fed... I mean, "Treasury"

The Jig is Up.   What you are seeing in the Ukraine is, in my opinion, a huge distraction.  They are spinning the fear porn at the highest levels they can push in the hopes of keeping the people so busy worrying about World War III that they won't notice the bank runs that are happening all over the world, the fact that their perceived "Governments" are collapsing, the economy is a smoking pile of rubble, and most importantly:  that the World is Standing UP and saying "NO MORE!"   

Keep watching the media.  This is going to play out like another Iran or Syria.  Those efforts to start a world war didn't work, and neither will this drama in the Ukraine.  Oh and keep a close eye on Venezuela- that's the second runner up that is being kept in the wings for when the Ukraine fails .

 

There is one other piece of information about the Ukraine that is very interesting.  I haven't had time to really go digging into this, but I am researching it as quickly as I can.  I'm not exactly sure HOW it ties in, but it is definitely illuminating for me that it DOES tie in.   I will post more on this later once I have more research done.

 


Morocco Diary #5 Evening over Martil Morocco Morocco Diary #5 By American Kabuki Its now March and the winds are truly roaring in like a lion in Northern Morocco. One day it comes from desert, another it comes from the sea. Change is in the wind, in the world at large and in me personally. The powers-that-were invented the Ukraine crisis 15 years ago while Gorbachev was still in power. Russia, the USA, Europe, China and Turkey have long known the roles they were supposed to play in this careful planned out drama before it ever began. The attempts to start a World War in Iran, Syria, Venezuela and other regions have failed and Ukraine is the next custom-off-the-shelf crisis to hit the press and intelligence agency agendas of distraction. It was all carefully war-gamed and financed. The systems have failed, and now crumble. The Humpty Dumpty of central banking will never every rule this planet again. And a year from now you will have forgotten about the Ukraine like you have already forgotten about the other distractions of Iran and Syria. January and February were, for me, full of what my fellow blogger Kauilapele calls "de-crapification" emotionally and spiritually. I felt like every possible emotion I could have, surfaced, some of which seemed to have no reference point in either in my childhood or adult life. I can only conclude they are from some other experience other than this life. To those who had to deal with me during this time, my sincere thanks for your patience and compassion. To those now entering their own de-crapification, I extend mine. I see it everywhere. Since he summer of 2012 I have been very sensitive to the changes in energies on this planet, often feeling them weeks ahead of others. I have since the summer of 2012 felt a kind of energy around my legs and arms, at first it was like the feeling of static electricity you might feel from having a balloon on a very dry Arizona day next to the hairs on your arm. This feeling has been fairly constant until May of 2013 when I arrived in Morocco. From then on the energy has increased very powerfully as has what I perceive as my energetic field. In recent months that sensation of energy, now less like static electricity but more of a magnetic field from some unknown transformer, pulsing deep into my tissues and bones. Like you, I have no idea what it means, other than changes are occurring within my cellular structure. Its in preparation for something... a new world and a way of being. I trust in the Creator of All and it is all perfectly done. There have been moments that felt like I had a giant vibrator between my shoulders. Others where I felt like two halves a of magnetic donut are coming close to joining around my upper torso and lower torso. If I had access to my previous lives I could probably tell you what this portends but frankly I am on the same path of discovery you are. They say in some channelings that what is about to happen on this planet has never been done before to an inhabited planet. So lots of surprises in store for all around, I suppose. Tetouan Sunset I sense that this journey of exposing bankers and showing the existing corruption in the systems of government and business, reverse engineering it all, showing how it works, how it should work, and given notice its finished, are about over. Frankly most of us are dog tired. Its been a long road to travel. But the end is nearly here. Those of us who have worked with Heather, Caleb and the rest of the crew very closely are gearing up for what comes next. Creating a new world while the old systems crumble. Some of us have chosen to leave those systems early. Others might follow, or do similar things in indigenous areas not under the control of the current systems, some will do it locally where they currently are. The systems simply fail when no longer pay energy into them. We have the skills, you have the skills, the knowhow to do that, and were are doing so in confidence and courage knowing who we BE, Eternal Essence in Body. I AM. It seems as this awareness of our task being completed becomes full in me, I am confronted with the illusion demanding I pay attention to it. I am frankly tired of hearing about "archons", "cabal", "chemtrails", and "false flags". Either we are I AM or we are not. All those things only existed because we allowed it and chose it. I choose something else. You should too! I am not a victim. I AM all that IS. And so are YOU! The only raising of vibration you need to do, is the thought vibrationthat accepts WHO YOU BE! Everything else is distraction. Our lives will likely be less public, perhaps just a footnote in history, its not important that anyone notices as long as the world changes, first here, then everywhere. We are the kind of people that cause change, its what we do. Some of us have done this many times on many worlds...but this was by far the most difficult one. We go on to live our very human lives, perhaps some ways the lives we have not been able to live so far, for everything prior to this was in preparation for the tasks we just completed. The twisted and traumatic journey we had to get here, will never be repeated, because it was solely designed for the purpose of training each of with the skills we needed to do what we just did. Some of you have been looking a Moses to lead you of the desert of slavery. We know some feel that those of us who moved to Morocco were abandoning those in the USA and Australia. But you live in a jail without chains, and a cell without doors. Its time to channel your inner Moses and see what Moses saw and knew, the barrier and border of the Red Sea was always an illusion, as was the army that was chased them. Those that believed in the illusion ended up drowning in it. Read more: http://americankabuki.blogspot.com/2014/03/morocco-diary-5.html#ixzz2v4hrxtQm

American Kabuki is licensed under a Creative Commons Attribution 4.0 International License.
You may copy, quote, and redistribute this material so long as you do not alter it in any way, and you include this link: http://americankabuki.blogspot.com

Saturday, 25 January 2014

HSBC restricts withdrawls, UST steals 401Ks, and Jamie gets a Raise!!


A little more Financial News for your Saturday morning read.

First up, HSBC is showing a lovely bit of transparency. 


http://www.zerohedge.com/news/2014-01-24/bank-run-fears-continue-hsbc-restricts-large-cash-withdrawals

Bank-Run Fears Continue; HSBC Restricts Large Cash Withdrawals

Tyler Durden's picture





 
Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer's co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from The BBC that HSBC is imposing restrictions on large cash withdrawals raising a number of red flags. The BBC reports that some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it. HSBC admitted it has not informed customers of the change in policy, which was implemented in November for their own good: "We ask our customers about the purpose of large cash withdrawals when they are unusual... the reason being we have an obligation to protect our customers, and to minimise the opportunity for financial crime." As one customer responded: "you shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours."

Via The BBC,
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

HSBC admitted it has not informed customers of the change in policy, which was implemented in November.

The bank says it has now changed its guidance to staff.

...

"When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved."

Mr Cotton says the staff refused to tell him how much he could have: "So I wrote out a few slips. I said, 'Can I have £5,000?' They said no. I said, 'Can I have £4,000?' They said no. And then I wrote one out for £3,000 and they said, 'OK, we'll give you that.' "

He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.

...

Mr Cotton cannot understand HSBC's attitude: "I've been banking in that bank for 28 years. They all know me in there. You shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours."

...

HSBC has said that following customer feedback, it was changing its policy: "We ask our customers about the purpose of large cash withdrawals when they are unusual and out of keeping with the normal running of their account. Since last November, in some instances we may have also asked these customers to show us evidence of what the cash is required for."

"The reason being we have an obligation to protect our customers, and to minimise the opportunity for financial crime. However, following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal. We are writing to apologise to any customer who has been given incorrect information and inconvenienced."

...

But Eric Leenders, head of retail at the British Bankers Association, said banks were sensible to ask questions of their customers: "I can understand it's frustrating for customers. But if you are making the occasional large cash withdrawal, the bank wants to make sure it's the right way to make the payment."
The arrogance is incredible...

BBC Coverage HERE

It Begins! FEDERAL GOVERNMENT FORCING EMPLOYEES 401K FUNDS INTO TREASURIES!

Those who have been delaying moving their retirement funds out of the system on the account of early withdrawal taxes may want to take notice.
If the official notification an SD reader from the TSP has just received is any indication, it appears that our prediction of forced movement of 401k, IRA, private & public pension funds into US Treasury bonds has begun.
As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice that his entire 401k has been moved from where he allocated it into US treasury bonds without his prior notification or permission!...

Hey Doc,
I just heard from a friend of mine that who worked for the Social Security Administration for a few years that his entire 401k has been moved from where he allocated it into US treasury bonds.
He just received his annual statement that shows all of his funds have been moved, without his permission or even notice!
This is what Max Keiser and Jim Sinclair have been predicting for over a year now. As far as I know, thus far this has only been applied to non-active employees, but it looks like the tip of the iceberg, and smacks of desperation. I thought you guys could take a look at this. Silver Dragon

Click HERE to go to the original article and to view the Letters


And oh the currency markets are seriously FUBAR!! 

...Emerging currencies were battered overnight, with Argentina's peso suffering its steepest daily decline since the country's devastating 2002 financial crisis, as the central bank gave up its fight against the unit's decline.
The Turkish lira slipped 0.1 percent to 2.295 per dollar, not far from a record low of 2.2588 set on Thursday.
On top of that, the Federal Reserve is expected to continue to dial back its bond purchases when it meets next week after U.S. jobless claims data reflected an acceptable, if underwhelming, pace of job growth - heaping more pressure on emerging-country currencies.
The Indian rupee fell to a two-week low of 62.27 to the dollar, while the Indonesian rupiah fell as low as 12,180 per dollar, also hitting a two-week trough.
YAHOO original article HERE


From an article I wrote in November:


Bigger than Libor? Forex probe hangs over banks

Yet another dark cloud is looming over global banks as officials examine their behavior in the massive foreign exchange market, threatening to deal a new blow to earnings and reputations.

Regulators in the U.S., Europe and Asia are in the early stages of investigating whether traders at the world's top banks manipulated foreign exchange benchmarks to profit at the expense of their clients.
...London is the center of the loosely regulated foreign exchange market, the biggest in the world's financial system with average daily turnover of $5.3 trillion.
Proven abuse in this market would have a significant ripple effect, exposing offending firms to a host of legal action.

http://money.cnn.com/2013/11/20/investing/forex-probe-lawyers/index.html?hpt=hp_bn1

OH and Jamie Dimon gets..... A RAISE!!


JPMorgan Chase handed chairman and CEO Jamie Dimon a scandalous 74% raise — even though the investment bank was forced to shell out some $20 billion in legal settlements for a flurry of fiascoes in 2013.
http://www.nydailynews.com/news/national/p-morgan-raise-james-dimon-pay-20-million-article-1.1590425

Yes Jamie is now making $20 MILLION!!!  WOW!  I wonder how that works?   JPMorgan pays out $20BILLION and Jamie now gets $20 MILLION?  Isn't that sorta like reverse profit sharing?









Friday, 24 January 2014

China Dumps US bonds? Part 2

Further to the article I wrote earlier today:  "Did China Dump US Bonds? ...and does it really matter?",I am posting a couple of follow up comments and links.

So, the spin doctors are of course stating that CNN got hacked- their Twitter and Facebook accounts- which begs the question: how did the hackers of Twitter and Facebook manage to post an article on CNN?   Really?  REALLY?!  And of course since the whole was just a joke/hack and nothing really happened.... then of course, nothing happened in response to the alleged Hack, Right?


http://www.marketwatch.com/story/short-term-treasury-yields-jump-on-debt-ceiling-2014-01-24

Short-term Treasury yields jump on debt ceiling


NEW YORK (MarketWatch) -- Short-term Treasury bill yields jumped Friday, signaling early jitters about a looming congressional debate over raising the debt ceiling. Treasury Secretary Jacob Lew has urged lawmakers to raise the borrowing limit as soon as possible. He said in a Jan. 22 letter to congressional leaders that so-called extraordinary measures to keep the government from hitting the debt ceiling would be exhausted by the end of February. An inability to borrow could delay payments on short-term debt, an issue that caused T-bill yields to spike, and prices to fall, during the last debt-ceiling debate in October, which was eventually resolved. One-month T-bills 1_MONTH +206.67% maturing just after the U.S. hits the debt limit, on Mar. 6, rose to nearly 9 basis points. T-bills maturing in mid-February and early April traded at a yield closer to 4 basis points.








Meanwhile, The US Public Is Distracted By This...

Tyler Durden's picture



With emerging market currencies collapsing, US equity hopes fading, bond yields tumbling, and 1.4 million people having fallen off the government transfer receipts bandwagon this week; what better way to distract the US public from that awkward reality that it's all fake...



Well... and of course this.

h/t @RudyHavenstein

http://www.zerohedge.com/news/2014-01-24/meanwhile-us-public-distracted

Nothing happened at all!   Nothing to see here!  Nothing!!!