Dr. Paul Craig Roberts Interview (pinecarr)
Today former US Treasury official, Dr. Paul Craig Roberts, told King World News that the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Below is what Dr. Roberts had to say in this remarkable interview.
The language in the 2014 edition was unusually direct, as was its warning that the world could be hurtling toward a new crisis.”There is a disappointing element of déjà vu in all this,” Claudio Borio, head of the monetary and economic department at the B.I.S., said in an interview ahead of Sunday’s release of the report, which he described “as a call to action.”
The B.I.S. said governments should do more to improve the performance of their economies, like reducing restrictions on hiring and firing. The report also urged banks to raise more capital as a cushion against risk and to speed up efforts to deal with past problems. Countries that are growing quickly, such as some emerging markets, must be alert to the danger of overheating, the B.I.S. said.
To figure out how all of this added up, the authors used a regional climate model and explored how no-till farming would alter the temperatures of European agricultural areas. For most conditions, it made very little difference. But on the warmest days, the models of no-till fields had temperatures that were 2°C lower than if the same fields were plowed. A similar result was obtained when the authors used the model to recreate a 2003 heat wave that baked France and warmed the rest of Europe.
Pushed To The Limit (Chris M.)
Sixty miles later, the pair arrived at the ocean near Cho Do. Two rescue helicopters were on the way. After a high-speed chase into China, and pushing another plane while sucking slurry through the engine, Risner was dangerously low on fuel. Logan radioed “I’ll see you at base tonight” and ejected. Risner turned toward an airbase at Kimpo. En route he shut his own engine down and glided for a time to save fuel, but it wasn’t enough. As he approached the runway, fuel ran out. Risner had to land deadstick–meaning without thrust or maneuvering power and pretty much at the whim of Newtonian physics. Sir Isaac was in a good mood that day, and Risner walked away from a totaled aircraft.
As you can see in the article linked above and countless others, the publicly stated rationale behind this negative interest rate paradigm is “stimulus”. If the banks have to pay to store cash, they will instead lend their excess cash out to customers rather than have a percentage confiscated every month. This is utter bee-ess on multiple levels. These top-tier central bankers know that negative interest rates have NOTHING to do with stimulus, and will, in fact, lead to exactly the opposite. In fact, they know that the inevitable outcome of negative interest rates is the complete nationalization of the banking sector and total governmental control of all capital flows – which means today a CASHLESS ECONOMY. Yup. If you’re interested, I’ll walk you through the chain of events and differentiate between the propaganda that will be used to justify this evil and the reality of how the world actually works.
Subprime loans, which accounted for about 15 percent of all new home loans in 2005 and 2006, are now a tiny sliver of the mortgage market. Only a handful of lenders are offering them, at interest rates from 8 to 13 percent (compared with about 4 percent for conventional loans to highly rated borrowers).
Non-farmers are the #1 threat to the continued use of protected farmland. Traditional conservation easements are designed to protect farmland from residential and commercial development, but they do not prevent non-farmers from purchasing protected farms as estate properties. Land transitioning away from farmer ownership contributes to the trend of farms being underutilized or taken out of production altogether.
In Ephraim, a town on the waters of Green Bay that in summer becomes a pristine playground for sailing, swimming and kayaking, residents have marveled at the lake’s comeback, as the water has risen to a level that they had not seen in close to 15 years.
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