Blog

07/22/2014 - Government Pension Investment Fund (GPIF) Asset Reallocation

07-24-14-THESIS-FINANCIAL_REPRESSION-GPIF_Reallocation

Bank Of Japan Prepares To Buy Nikkei-400 ETF To Boost Stocks 07-09-14 Zero Hedge


07/21/2014 - Japan’s Plan By Its Central Planners For Financial ‘Repression’ Of The People: Central Bank To Buy Bonds, Pension Funds To Buy Stocks

Japan is moving to get its pension funds to sell Japanese government bonds (JGB) to its central bank, then use corporate governance & regulatory changes to force the pension funds to buy stocks

.. “A return to more normal JGB interest rates of above 3% – which will prove loss-making for present holders such as the BoJ – is not likely for at least two years. Part of the Bank of Japan (BoJ)/Ministry of Finance (MoF) strategy of encouraging Japanese private sector portfolio shifts away from JGBs into equity-type assets is that the BoJ can bear such losses far more easily than other investing institutions. One of the most important moves concerns redeployment of assets held by the $1.2tn government pension investment fund (GPIF), where decisions are imminent on investing more in domestic equities rather than government bonds.”

READ MORE: Japanese QE to continue as inflation rise slows Abe’s impatience spurs reform drive


07/20/2014 - WHAT FINANCIAL REPRESSION LOOKS LIKE IN JAPAN

GREAT FOR GOVERNMENT AS DEBT FINANCING GETS CHEAPER

07-24-14-JAPAN-MONETARY-Real_Rates

A DISASTER FOR THE PEOPLE HAS REAL WAGES PLUMMET

07-24-14-JAPAN-MONETARY-Real_Wages_Fall

07-24-14-THESIS-FINANCIAL_REPRESSION-Scam

THE JAPANESE PEOPLE HAVEN’T FULLY WOKEN UP TO THE FACT THEY HAVE BEEN ‘CONNED’

07-24-14-JAPAN-MONETARY-Abenomics-Sentiment-2


07/19/2014 - BOE’s Carney Leads Push For Bail-Ins – China and Japan Against


07/18/2014 - POTENTIALLY INCENTING BANKS “NOT TO LEND” IS THE EPITOME OF FINANCIAL REPRESSION


07/18/2014 - Europe Between Financial Repression and Regulatory Capture

07-22-14-THESIS-FINANCIAL_REPRESSION-IMAGE-European_PaperResearch paper on the relationship between European governments & European banks .. the pressure & influence between governments & banks are giving rise to financial repression & regulatory capture:

“Government agencies have been frequently described as being at the mercy of the financial sector, often allowing financial interests to hijack political, regulatory and supervisory processes in order to favoring their own private interests over the public good”

.. & the opposite:

“Governments, which have often been portrayed as subverting markets and abusing the financial system to their benefit, either in order to secure better financing conditions to overcome their own financial difficulties, or with the objective of directing credit to certain sectors of the economy, ‘repressing’ the free functioning of financial markets and potentially the private interests of some of its participants.”

READ PAPER


07/16/2014 - FINANCIAL REPRESSION IS AGGRESSIVELY BEING IMPLEMENTED TO STOP FALLING REAL US GROWTH RATES

07-21-14-US-INDICATORS-GROWTH-GDP_Growth_Rate-2

FINANCIAL REPRESSION IS AGGRESSIVELY BEING IMPLEMENTED TO STOP FALLING REAL US GROWTH RATES

BEFORE DEBT IMPLODES FROM BEING

UNPAYABLE & INEXTINGUISHABLE

07-15-14-THESIS-FINANCIAL_REPRESSION-Post_Dotcom_Era-2


07/15/2014 - FINANCIAL REPRESSION HELPS IBM HIDE THIS

07-21-14-US-ANALYTICS-BUYBACKS-IBM_revenue_Y-Y In 2004 IBM had $13 billion of net debt. Today the figure stands at just under $37 billion. And why not. IBM’s average weighted cost of debt last year was just shy of 1%.Thank you, monetary politburo!”David Stockman – Former Director OMB


07/13/2014 - Causing Inequality through Increasing Property Taxation

The Coming US “Tax Overhaul” Has a Different Goal In Mind than the Public Thinks!

RESEARCH STUDY: THE EFFECT OF RISING INCOME INEQUALITY ON TAXATION AND PUBLIC EXPENDITURES: EVIDENCE FROM U.S. MUNICIPALITIES AND SCHOOL DISTRICTS, 1970–2000

INCREASED LOCAL PROPERTY TAXATION IS COMING AS FINANCIAL REPRESSION TRANSFERS DEBT TO RESIDENTIAL OWNERS

READ MORE: Inequality Is Forcing US Towns To Try Scandinavia-Style Taxation — And It’s Working 07-13-14 BI


07/11/2014 - Modern Financial Repression Grounded

According to Mises, the problem is not low consumption but low saving.

Why Fiat Money Is “A Large-Scale Fraud System” 07-11-14 Ryan McMaken of Mises Economic blog,via ZH

The Center for Financial Studies in Frankfurt reports on a recent talk given by Thorsten Polleit:  

READ MORE: Thorsten Polleit on the “planned chaos” of money

A Core Tenet is the De-Incentive & Discouragement of SAVINGS

We had CAPITALISM:

SAVINGS was reinvested as CAPITAL INVESTMENT

We now have CREDITISM:

CREDIT is created and spent on CONSUMPTION

According to Mises, the problem is not low consumption but low savings


07/02/2014 - Expropriation is Back on the Policy Table as Global Economic Woes Worsen

Expropriation Is Back on the Policy Table as Global Economic Woes Worsen  Martin Armstrong of Armstrong Economics,

Read More

07-04-14-FINANCIAL_REPRESSION-Lagarde-Christine Is Christine Lagarde The Most Dangerous Woman In The World?


07/02/2014 - Regulators Ready Money-Fund Rules

Regulators Ready Money-Fund Rules 07-10-14 WSJ

FINANCIAL REPRESSION REGULATIONS WILL PREVENT YOU FROM EXITING YOUR MONEY MARKETS (CASH) AT TIME OF TURMOIL

07-10-14-THESIS-FINANCIAL_REPRESSION-Money_Market_FundsSEC Vote Could Come as Early as This Month

Yellen called for what she termed:

“A more robust macroprudential approach.

In fact she used that word macroprudential no fewer than29 times. For those not fluent in Fedspeak, what she meant is that we can deal with financial instability through increased regulation procedures

Monetary Policy and Financial Stability – Remarks by Janet L. Yellen Chair Board of Governors of the Federal Reserve System

The 2014 Michel Camdessus Central Banking Lecture International Monetary Fund Washington, D.C.

July 2nd, 2014

  • *YELLEN: `WE HAVE MUCH TO LEARN’ IN MACROPRUDENTIAL OVERSIGHT
  • *YELLEN: MACROPRUDENTIAL RULES SHOULD BE MAIN STABILITY DEFENSE
  • *YELLEN: STABILITY BEST PROMOTED BY MACROPRUDENTIAL OVERSIGHT

07/01/2014 - Jim Rickards – Financial Repression on Retirees & Savers

Excerpt from Jim Rickards’ submitted testimony as a witness in the Senate Banking Committee’s Subcommittee
LINK HERE to download the testimony

6. Eroding trust and credibility. Economics has been infused in recent decades with the findings of behavioralists and social scientists. While this social science research is valid, the uses to which it is put are often manipulative and intended to affect behavior in ways deemed suitable by Fed policy makers. This approach ignores feedback loops. As retirees realize the extent of market manipulation by the Fed they lose trust in government more generally.
05-30-14-GRAPHIC-Retirement The Fed has resorted to repetitive bouts of cheap money for extended periods. This monetary ease has found its way into inflated asset values that in turn provided collateral for debt-driven consumption. These binges drove the economy until the inevitable asset bubble collapses caused a contraction in consumption and launched another cycle. At no time were savers rewarded for prudence.”

07/01/2014 - The Global Hunt for Taxes

The Global Hunt for Taxes IceCap

IMF’s Recommendation for a Global Wealth Tax

FULL IMF REPORT

Read More

07-04-14-FINANCIAL_REPRESSION-imf-Large

 


04/29/2014 - John Rubino on Financial Repression


04/23/2014 - Gordon T Long on Financial Repression