11 thoughts on “NEWS AND VIEWS FROM THE NEFARIUM DECEMBER 5 2019”

  1. TThe BIS was created in 1930 at the Hague Conference.
    A convention respecting the establishment of the BIS was signed between Belgium, France, Germany, Italy, Japan and the United Kingdom on the one hand, and Switzerland on the other.
    The BIS is owned by 60 central banks, representing countries from around the world that together account for about 95% of world GDP.
    It is the central bank for central banks.
    All these central banks are acting together and are part of the same entity despite the façade of being independent one from another.
    They meet in Basel Switzerland every month and now I am not sure but it seems every 15 days
    They know exactly what is going on and yes, they are trying to look at what is happening when they launch trial balloons.
    Look at what they did in India with the suppression of cash few years ago,and then trying to give gold owners a yield if they deposited their gold holding with the Indian central bank
    It was a complete failure, as the Indians were not trusting their central bank and kept their gold.
    Then during the EU financial crisis with Draghi famous and evildoer “whatever it takes” Cyprus was the first implemented bail in
    Since then, you are not anymore considered as a creditor but a debtor , your money belong to the bank that’s it.
    It has become part of the central banks’ tools in case of bank failure meaning they can take directly money into your account to replenish their balance sheet.
    They have all the rights you have none.
    With negative rates imposed on the accounts they are punishing you if you do not play their game of sustaining the debt based financial system
    Savers are the new enemies has they can collapse the financial system based on debts
    Debt must not be paid because the money and asset debt has created will vanished if you pay it down and deleverage.
    You need to be indebted forever
    It will be even easier if the cash is banned
    Everything will be centralized with digital money and blockchain
    they will get all your financial data knowing exactly what you do
    They will be able to tax you at will, give you or forbid you for obtaining loans and credits
    It is the Chinese social credit world wide , the total control of the populations.

    1 July 2019 After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies.
    BIS Starts FinTech Hub as Central Banks Look Into Crypto
    https://www.swissinfo.ch/eng/bis-starts-fintech-hub-as-central-banks-look-into-crypto/45066928

    Nov 7, 2019 China’s National People’s Congress has passed a new law to create a digital yuan
    . Back on December 5, 2013, the People’s Bank of China (PBOC) took its first step in regulating Bitcoin by prohibiting financial institutions from handling Bitcoin transactions. They were using Bitcoin to get money out of China in a modern money laundering scheme.
    Cryptocurrency exchanges or trading platforms were banned by regulation back in September 2017. They closed 173 platforms by July 2018.

    7/12/2019Bank of Japan releases report exploring digital currency
    The Bank of Japan, Japan’s central bank which issues currency, released a report exploring the legal possibilities of the bank issuing a digital currency.
    The report says that although the Bank of Japan has no plans to issue a digital currency, it would be crazy not to explore the possibilities, with information technology advancing at such a rapid rate.
    Digital currency would give regular people and businesses access to depositing money with the central bank, which is currently only available to financial institution

    1. Robert Barricklow

      A dystopian crypto currency futures market, isn’t it?
      Especially, when mixed well w/Chinese social credit$.

  2. Dag from Ringerike

    There are two issues I will comment on.
    First, when you look at the statistics from John Williams, Shadowstats, the ongoing inflation rate in US is between 7 to 10 %. So why is it happening? The same pattern is going on here in Norway. Onion prices near doubled since last year (the onion crisis this late winter, we had to import onions from New Zealand). Potatoes up 50 % . This could be the result of the bad harvest last year. But back to Shadowstats inflation rate statistic. Could the reason be that the missing 21 trillions have been leek out into the real economy and causing the high inflation rate?

    Second, I was listening to the four 30 minutes YT videos (https://www.youtube.com/channel/UCNZb8eUomqPYgrdVeOn4eZA), the discussion between Alexander Mercouris and Tom Luongo. I had in mind this REPO injection that started in September and Tom Luongo said that Deutche Bank was exposed to about 800 billion dollars in Italion bonds, and I would expect they are having other big portefolio in other low yielding sovereign bonds. Those bonds are giving the banks from 1 to 2 % interest. It means that that the bonds are giving liquidity to the banks. Well, there could be two reasons that liquidity are drying up to the banks; falling interests as they have been doing the last two years, but , and here is my HOS, are some countries not able to pay the interests of their issued bonds? For the last reason, the bonds can not be used as a collateral in the REPO-marked.

    Some thoughts.
    All the Best, Dag

  3. While it is probably true that the bankster class dreams of centralizing digital forms of payment under their control, there is one slight problem: 80 million Germans. Germany remains the most cash-loving country in Europe.
    https://www.npr.org/2019/06/09/728323278/for-many-germans-cash-is-still-king?t=1575650630142
    And by the way, there is also considerable investment by ordinary people in gold coins and mini-bars, since German treasury bill yields have been negative for the past couple of years.
    https://www.forbes.com/sites/greatspeculations/2017/10/11/germans-have-quietly-become-the-worlds-biggest-buyers-of-gold/#11678a024f4e

  4. Robert Barricklow

    Many moons ago, the Great European Union promised positive/interests; in reasoning, for being under their imprimatur/thumb umbrella.
    Turn$ out to be negative/interests reasoning after all.
    Go figure; imaginary figures are negative, aren’t they?
    “In certain new” unwashed accounts[not money laundered].
    Turns out, banks don’t need to steal directly from depositors any more.
    Safe keeping?
    Whose keeping the money?

    A new banking game of musical liquidity banking chairs.
    But wait, what happens when the music stops?

    Cash is still King.

    Prince Krypto’s gold-backed-algorithms
    is the new wannabe superpower,
    that’s not going quietly into the night.

  5. For some reason, after listening to Joseph’s speculations, I am drawn to an episode of Babylon 5 . In that episode, Sheridan and Delenn are confused about Shadow tactics. The Shadow attacks seem random. Finally (spoiler alert), Sheridan notices that one area has not been attacked. He notes that refugees are streaming to that area. Then, he speculates that the Shadows are ‘herding’ folks to that area for one massive, demoralizing strike…

    There seems to be a financial equivalent. Negative interest rates drive/induce transfer of funds to areas outside those zones. The more that different banks adopt negative interest rates, the more savings are ‘herded’ into areas safe from those ‘strikes’. In the banking industry, this would be the shrinking number of banks still offering positive rates…

    In a B5 parallel, what would be the financial equivalent to “one massive, demoralizing strike”?

    Offering positive rates also means that those banks are being drained of funds more than negative interest rate competitors. This puts them closer to the edge of a liquidity crisis, if times turn bad. In mainland China, there have now been sizable banks suffering a classic ‘bank run’ on deposits after it got out that they missed a loan payment. The state had to step in and take over. Classic “Privatizing the profits, socializing the debts.” And depositors got a haircut…

    I would look to those banks still offering positive interest rates, after others have gone negative. The ones everyone has fled-to. Are they robust? Or, can ‘something’ take them out in a demoralizing strike?

  6. This is the end cycle of the looting of the World which has been going on in its modern form for the last 500 years. UNFORTUNATELY, the thieves have taken everything already unless these thieves are trying to buy a ticket on the last ship to leave this planet just wondering what drug these idiots are strung-out on.

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