Jamie Dimon Says You Don’t Need To Know How Banking Works. I Dare Say We DO!

Here we are bailing out the big banks and yes, John Key gave billions to the IMF to do just that and Jami Dimon whose bank JPP Morgan has been a recipient of bailout money while they were scamming the system with Derivatives and he has the gall to tell us that we don’t know […]


Germany Repatriates It’s Gold!

Just in case anybody can tell me; does New Zealand have it’s own gold in some vault somewhere and if so where? Yesterday the Bundesbank announced it would repatriate all of it’s considerable gold stock back from France and some of it’s gold from New York. As far as I am concerned this is huge […]

Home Foreclosures: Another Sweetheart Bank Settlement on Sub-Prime Mortgage Fraud

Wall street is becoming the biggest slumlord in human history. Ten major financial firms agreed on Monday to pay $3.3 billion in cash to settle allegations of mortgage fraud by the Office of the Comptroller of the Currency (OCC) in the latest in a string of sweetheart settlements between the major Wall Street banks and […]

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Washington’s Hegemonic Ambitions Are Not in Sync With Its Faltering Economy

Just in case you are still laboring under the impression that the US is recovering. By Paul Craig Roberts In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these […]

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Large Cities All Over America Are Degenerating Into Gang-Infested War Zones and a New RSS Feed

I have added the  Economic Collapse blog to my RSS feeds so you can keep informed about the real state the US is in as reported from the ground. Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates.  […]

Educate, Educate, Educate And Here Is Why!

Here is a link to a not for profit documentary you might want to watch with your family and friends and if you feel really courageous with colleagues at work. Maybe after unpacking all those presents you didn’t really need and the food you stuffed yourself with knowing it would cost you another couple of […]

Greece ‘Selective Default’ And Geithner’s ‘Selective Memory’

If Greece defaults even partially it will trigger the insurance hedges countries have taken to insure their risks against foreign Currencies. This is what will be the result: Late last night S&P placed Greece into “Selective Default” again. This is not the first time that Athens has been placed in the jailhouse and perhaps it […]

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Bubble burst alert: The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

the next bubble to burst! We have already discussed the student loan bubble, and its popping previously, most extensively in this article. Today, we get the Q3 consumer credit breakdown update courtesy of the NY Fed’s quarterly credit breakdown. And it is quite ghastly. As of September 30, Federal (not total, just Federal) rose to […]

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Bubble burst alert: Bank of Japan Posts Whopping ¥233 Billion Loss As Its Soaring Balance Sheet Hits Record ¥156 Trillion

But… but… a central bank can never lose money. Bzzzz, wrong. As it just so happens, the world’s most tragicomic farce of a central bank, and one which is about to officially lost its (faux) “independence” and become a branch of the Japanese government if the up and coming PM Abe has his way, the […]

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Most people here in Hobbiton are still of the persuasion that America will always be a superpower and that we are part of the biggest bestest empire ever. In fact John Key has us signed on to NATO and the US war machine to help conquer oil and gas fields liberate poor suppressed brown people […]

Ominous Words: The Best Is yet To Come!

Obama promises us that the best is yet to come. I find these word rather ominous. What have we had so far? Surges in Afghanistan, More Bombs on Libya than in the Germans dumped on England and thousands of dead Syrians merely because they either supported the regime of where part of a minority religion. […]

Hurricane Sandy, New York, America - 01 Nov 2012

The Military Steps In As Fuel Shortages Give NY A Taste Of Things To Come!

1 in every 2 Gas stations is closed in the New York New Jersey because there is no fuel. Civilian unrest is breaking out and nerves are frayed. People on food stamps can’t buy their meager rations because the cards they use can’t be used without electricity. Dumpster diving and looting are emerging as the […]

Hollow Out The Public Entity And Fatten The Private one. No Privatisation Nessesary!

Some excellent sleuthing going on over at Frank Macskasy’s site! Last year, on 19 May,  Solid Energy was one of five SOEs that National announced would be partially privatised (see: Budget 2011: Govt seeks $7 billion in asset sales). Bill English announced, with a naivetee usually reserved for wildly idealistic, wide-eyed  youth, “Well targeted investment […]


On Breadlines or How Bad It Really Is In The US Of A!

While over here in Kiwi land we still think that the global economy is going through a bit of a dip and she’ll be alright in a while even though milks prices are set to drop leaving a lot of over leveraged Kiwi farmers to face ruin here is the new reality in a pretty […]

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

From the Economic Collapse blog: #1 Bank of Israel Governor Stanley Fischer says that the global economy is “awfully close” to recession. #2 It was announced last week that the unemployment rate in Greece has reached an all-time high of 25.1 percent.  Unemployment among those 24 years old or younger is now more than 54 […]

In the Mean Time At The War Front

With John Key prancing around Hollywood and Russell Norman telling us why a round of money printing would be a good idea seeing as everybody else is doing it you would almost forget we are thundering towards a 7th extinction event. Here are a few pointers: Israel shot an UAD , that is an Unmanned […]

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

While James Henderson over at the Standard is still trying to spin economic recovery in Europe let’s look at the reality of where most Europeans find themselves in: A devastating economic depression is rapidly spreading across the largest economy in the world.  Unemployment is skyrocketing, money is being pulled out of the banks at an […]

Police: “Enter Detroit At Your Own Risk”

In America many cities have banned feeding the homeless, in England the government is threatening to take the meagre dole people get to survive on and in Bahrain doctors who treated wounded protesters were convicted to jail for doing so. The result is more crime, more desperation and more violent protests. The title of this […]

Russell Norman Channels His Inner Mugabe, The Left Wing Bloggosphere Goes Agog and Reason Leaves the Building. So what is QE and Why Is It Destroying The Global Economy?

There are days I despair more than others and coming from me that says a lot as some of my readers may know. Yesterday Russell Norman, a man who should not be anywhere near politics as his rampant ignorance on matters finance proves to me (mind you I could easily say the same for most […]

Iran’s Currency Collapse, Next the Entire Economy As A Prelude To WWIII.

Update: According to Zero Hedge Iran is now going into a hyperinflation phase as a prelude to the total collapse of the country! On the 1th of October Zero hedge reported a 20% fall of the Iranian Currency, the Rial. The currency collapsed under the pressure of the International sanctions and speculation and with the […]

John Key Doesn’t Believe in Accountability. He Doesnt Have To, He’s A Banker!

In light of these international crimes and the total lack of justice and accountability it should come as no surprise we can’t hold our elected officials accountable either. John is doing after all what he has always done. Do what you want as long as you can get away with it. No ethic or integrity required and with the support of the 1% he can not go wrong. Period!

Meet Bill Black: He’s The Go To Guy About the Global banking Scam!

William Kurt Black (born 6 September 1951) is an American lawyer, academic, author, and a former bank regulator. That’s for starters! He also helped many bankers go to jail for Fraud! And this is what he has to say about London as the FRAUD capital of the world: Fore more top notch information here is […]

Draghi and Bernanke’s Worst Nightmares Are About to Unfold and So Are Mine

When Draghi (Ex Goldman Sachs and CEO of the European Central Bank) and Bernanke decided that printing infinite billions of worthless digital numbers was the way to go they started the final countdown to the end of our current fiat financial system. Here is what their nightmare is. Mine is the billions of us who […]

We Are Dragged to WWIII With Lies, Mercenaries and Cannon Fodder

4000 soldiers to be used as storm troops in what might be a Normandy beach invasion if Iran are send there as I write this while more sane people report that the rebels in Syria are nothing more than foreign mercenaries destroying scientific research centres, hospitals and killing droves of innocent people. As I disappear […]

Back To The Banking Collapse: Prepare For Hyper Inflation or Perish!

Last week was important for several events. The verdict of the German High court and the Dutch elections but it turned out to be even more important for several other events which thanks to the eruption of violence against embassies all over the middle East as a reaction to an anti Muslim film which has […]

On Revolution, Food Prices and Youth Unemployment or Why the GDP Scam Is About To Explode

According to the official figures the global economy is growing and all is hunky dory. England’s economy is healing and China is racing ahead and while Ben “helicopter” Bernanke is a tad worried about deflation there is nothing that another bit if Quantitative Easing won’t fix. And while most Kiwi’s will continue to live in […]

Ant Tribe China just like Ant Tribe US; the Best Education and No Place To Go!

Here is the link to the Al Jazeera site for a great Documentary about young well educated professionals in China who just like their US and European counterparts  can’t find jobs after they finished their university studies! (Sorry can’t embed it)

Your Corporate Scamster Word Of The Week: Channel Stuffing Of Why China Won’t Grow Anytime Soon

  This weeks Corporate Scamster words are: Channel Stuffing. Channel Stuffing= Channel Stuffing is the practice of sending retailers more product than they can sell. It is used by big Corporations (and not so big ones) to manipulate their sales figures. The idea being that if the product has left the factory floor the sale […]