Podcast discussion on how the Federal Reserve is destroying consumer savings, how central banks will be to blame for the coming bond collapse, how trying to keep gold & silver prices ‘corralled’ is part of the official plan.
11/07/2014 - Chris Martenson on Financial Repression
10/19/2014 - Beware of Financial Repression
Peak Prosperity interview of Daniel Amerman on financial repression, based on his recent essay which we posted – see link below.
Great insightful article on financial repression by Daniel Amerman .. questions how the U.S. federal government can pay down its enormous debt .. sees 4 primary options that the government can take:
1) Decades of austerity with higher taxes and lower government spending.
2) Defaulting on government debts.
3) Inflating away the value of the debt through rapidly slashing the value of the currency.
4) Using “Financial Repression”, a process that is complex enough that the average voter never understands how it works, thus allowing governments to use this potent but subtle method of taking vast sums of private wealth, year after year, decade after decade, with almost no political consequences.
The essay reminds readers the 4th option is the likely approach, points out the world took this approach in the 1940s through the 1970s to pay down government debt .. “Because of the sheer size of the problem – most of the population must be made to participate, year after year. Financial Repression therefore uses an assortment of carrots and sticks to ensure that investors have little choice but to participate – on a playing field that has been rigged against them as a matter of design – even if they are among the small minority who are aware of what is being done to them.”The essay covers 4 areas of financial repression:
1) Inflation (Shearing #1)
2) Negative Real Interest Rates (Shearing #2)
3) Funding By Financial Institutions (Fence #1).
4) Capital Controls (Fence #2).
10/07/2014 - What is Financial Repression?
What does financial repression mean? .. short video explainer by Project M.
“This manipulation of the yield on government debt is the answer for the government, and socially, it is so much more acceptable than the alternatives. Whatever you think of the history of hyperinflation, austerity, default and deflation, they are socially incredibly disruptive, incredibly socially dangerous, and many of those market-driven events have led to warfare or massive domestic social unrest. I think in the grand scheme of things when the government sits down and decides which avenue to pursue, this avenue of repression .. will always be more socially acceptable than the market-driven events of austerity, hyperinflation, deflation, devaluation.”
– Russell Napier, CLSA
09/28/2014 - Gordon T Long: Financial Repression Killing Middle Class & Capitalism Itself
WallStrForMainStr Interviews Gordon T Long:
“We have over 250 interviews with top guests in discussion. The Gordon T Long discussion is over an hour long and one of the best ones we’ve done all year.”
09/20/2014 - Banking In The Age Of Financial Repression
St. Gallen Symposium with UBS, HSBC, Credit Suisse, Zurich Insurance Group.. a year old but still relevant