View Single Post
Old 09-21-2019, 06:05 PM
Danny B Danny B is offline
Platinum Member
Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,848
Where to interest rates and money creation?

Notes on public debt;
Italian government bonds make up 20 per cent of its national banks total assets — one of the highest ratios in the world — according to the Bank for International Settlements.

FRANKFURT (Reuters) - An obscure clause in government bond contracts may help the European Central Bank clear a key hurdle to launching a fresh stimulus programme by allowing it to own even more government debt, according to central bank officials. But after hoovering up 2 trillion euros (£1.8 trillion) worth of public sector bonds in the past four years, the ECB
The Euro's $2.7 Trillion Italy Problem - Bloomberg

The BOJ holds about 50% of public debt,,, about $4.24 trillion

About $2.8 trillion debt is held by Federal reserve banks
They tried to unload a bunch of it but, that was deflationary to the general economy.

Dean Hook, (somewhat dated)
It is a myth that most of that $14 trillion debt is owed to the Chinese or other “governments”. The vast majority – around $10 trillion – is owed to the Eight Families Federal Reserve crowd.

In a June 9, 2011 article for Marketwatch, Unicredit’s Chief US Economist Harm Bandholz stated that the Federal Reserve is the largest holder of US debt with around 14% of the total. This does not include debt held by Rothschild-controlled central banks of other nations – including China, Japan and the GCC oil fiefdoms.
Through the recent QE2 program, the Fed purchased another $600 billion in Treasury bonds. They claimed it was a last ditch attempt to save the global economy from deflation. Instead, the banksters who got the interest free taxpayer-backed money pushed us further towards deflation
Conversely and inherent in the printing of zero-interest money, they created inflation – speculating in oil, food and gold futures and rolling this increased US debt on the roulette tables at their various wholly-owned global stock exchanges. Is it any wonder the financial parasite class is now clamoring for QE3?
Thomas Jefferson opined of the Rothschild-led Eight Families central banking cartel which came to control the United States, “Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery”.

A recent report from Standard & Poor’s shows that 40 percent of global sovereign debt belongs to monarchies. However, only 39 out of the 129 countries have a king or queen as head of state, estimated the agency
The most indebted monarchy is Japan, led by Emperor Akihito. Tokyo owes more than $11 trillion, over 25 percent of the total debt.

Britain’s Queen Elizabeth II, who is also the head of state of more than a dozen nations within the Commonwealth, has the second-highest debt.
Despite its large sovereign debt, an average monarchy has three rungs better ratings than the countries without a king or a queen that have an average of BBB to BBB-, says S&P.

Below is a chart which shows the soaring amount of negative yield government debt. It has recently surpassed $15 trillion.
More alarming is the amount of corporate debt that has also hit negative yield. Currently there is over $1.2 trillion in negative yield corporate debt.
Just a few years ago there was virtually none.

Armstrong claims that there will be a low interest rate for private debt AND, a high interest rate for public debt. He also said that it would be less inflationary fro the GOV to just print the money it needs. The appeal of MMT and UBI is that it would be painless for GOV.
If the U.S. treasury originated all "money" creation, the banks would be mostly knocked out of business.
Trump is stepping on the toes of a lot of rich people. Can he wrest control of "money printing" away from the bank cartels? Can he tell the holders of public debt to go piss up a rope?

9/21 Goldman Sachs says the market is about to get wild in October – CNBC
Remember; the higher the volatility, the higher interest rate the money renters demand.
9/21 Illinoisans on hook for more than $18,000 per person in public pension debt – Newsbug
Not the ones who bailed out and moved to Florida
9/21 Bankrupt Illinois cities forced to cut services to fund pensions – Mish
This has only just barely started
9/20 Fed chairman fails to answer whether Wall Street banks are too big to manage – GATA
9/20 Interest rate derivatives trading explodes to $6.5 trillion/day – Wolf Street
Ah yes,,, the volatility

9/20 India launches MMT: Stocks soar after surprise central bank-funded tax cut – ZH
Yep, just print the money for GOV
9/20 How the Houthis overturned the chessboard – Saker
Ah yes, asymmetric warfare is now available to the little guy,,, just like hacking

Kunstler on Pocahontas
" doubt she could FDR her way through it. America back then still had plenty of everything except cash money. Lots of oil, ores, factories, and well-regimented workers. Now we’re officially $22 trillion in debt. The remaining oil costs so much to get out of the ground it’s bankrupting the oil companies. The ores are gone. The factories stand in ruin. And the workforce has degenerated into various mobs demanding something for nothing. The coming disposition of things will be less a depression than a long emergency of permanent contraction, and even Ms. Warren’s zesty grandmotherly charms may not avail to preserve the civil order under those conditions."****-nat...f-the-selfies/

"everything except cash money."
Big, Bad, Bald Ben Shalom Bernanke claimed that the FED caused great depression one because it did not pump enough money into the economy. QE has been ongoing for 10? years now. We are still sliding DOWN. At some point, it will become even more obvious that pumping money into the banks to loan to the producers is just not working.
The proposal is to give free money to the lower loop instead of the bankers.
there will be a lot of blood in the streets before that happens.
Reply With Quote