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For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest movement in the special administrative region of China. →
Read more via Activist Post
The ultimate scam
Since 2012, ECB president Mario Draghi has famously dubbed the euro “irreversible”; he would do whatever was necessary to preserve it. But whatever Draghi sees as necessary will eventually be seen as intolerable in creditor countries like Germany, The Netherlands, and Finland, which view the euro’s costs as greater than its benefits. In an era of one financial scam after another, central bank money printing to buy sovereign debt is perhaps the ultimate scam. They’re printing money to support the value of government paper. In one word, it is criminal. 90 of the largest European banks must refinance €5.4 trillion of their own debt over the coming months, which equals 45% of GDP, while they have not even accounted for the €1,5 – €2 trillion in sovereign debt that must be simultaneously refinanced over the same period. →
Read more via The Final Wakeup Call
By Aaron Kesel
(Activist Post) There has been serious backlash against Google for hoarding health data of 50 million Americans through Project Nightingale. The once social media giant is now shifting focus from just a search engine and video platform with its subsidiary YouTube, to a megalithic corporation seeking to monopolize our daily lives in not only health and technology but banking as well, CNBC reported. →
Image: Edward Griffin
By Greg Hunter’s USAWatchdog.com
Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.” →
Read more & video: “G. Edward Griffin – Bankers Waiting for the Big Collapse” (40:58) via — Greg Hunter’s USAWatchdog
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Economist and money manager Michael Pento says the recent Federal Reserve about face in policy with cutting rates and new QE (money printing) means only one thing. Pento explains, “So, the Fed changed their mind, panicked, the Fed panicked. They not only stopped raising rates, they now cut rates twice, and they are going to cut rates again at the end of this month. They are also fully back in a massive QE. They have a $130 billion revolving repo facility shoving $130 billion every night, rolling it over, trying to re-liquefy the banking system and back into QE–$60 billion per month. At the peak, it was $85 billion. So, they are almost back to the peak of QE (during the Great Recession). They did not scale in, the Fed went to $60 billion right away.” →
Read more & video: “Michael Pento – Coming Market Meltdown is Going to be Brutal” (44:29) via — Greg Hunter’s USAWatchdog
It’s not just “tinfoil blogs” who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too. ➤➤
Read more via Dutch Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over — Era of Light
Source: (The Final Wakeup Call)
The Danger of Bogus Economics
A crash in the stock market now would immediately be followed by a recession. Unemployment would soar, the Dow would be cut in half. Voters would say to each other, unaware that what was unfolding was due to incompetence and deception, ‘it’s Trump’s fault’ and they would promptly elect Ms. Warren as the next elect Ms. Warren as the next President of the USA, although the whole game is humbug.
Continue Reading → via — The Final Wakeup Call
