muses of the moment

September 30, 2014

Pimco

Filed under: Bailout Nation, Global Debt, Odds 'n ends, The Federal Reserve — totallygroovygirlfriday @ 12:48 pm

groovygirl is keeping an eye on the outflow of funds from PIMCO. 12% now? Click here.

The number is not necessarily the issue. The issue is why pull money just because Gross left? Doesn’t sound right. Something else happening. And if it’s happening at PIMCO, is it a bond market problem. The government can solve a PIMCO problem. The government can not solve a systemic bond market problem. What is it? Don’t know. Have to wait and see. Is this a global issue? And where are the funds going? Stocks? Cash? Overseas?

 

July 30, 2014

Blog Post from Martin Armstrong dated July 24, 2014

Click here for a post from Martin Armstrong dated July 24, 2014 entitled World Central Bank Secret Agreements.

From the link above:

That strategy depends on the rest of the world remaining strong. But if we see a turn down 2016-2020, it is hard to imagine Europe surviving the coming political storm.

groovygirl thought this was very important. This seems the only option to “control” the European debt implosion as everyone else is in a debt collapse, too. It’ s hard for a group of drowning men to save each other. May be impossible, but it gives us an idea of what the “first world”, US allies will try to do. Of course, there is that nasty unknown of shadow dark pool trading…..

May 14, 2014

Interview with M Armstrong on USAWatchdog

Click here for a great interview with Martin Armstrong dated May 11, 2014. H/T to SW.

April 30, 2014

“Cold war”

groovygirl has been pre-occupied with another investment activity. See previous blog post for the details. Groovygirl will still continue to post about economics, gold and silver, and global debt.

groovygirl has been paying very close attention to the new Cold War with Russia and the crisis in Ukraine.

Click here.

Russia is making friends in the mist of this crisis.

Groovygirl is very concerned about the global economic consequences from this situation regardless of the end result in Ukraine. At the very least, this will speed up the economic alliances and economic separation of the BRICs. The direct trading of currency, energy, and commodities that started in 2010 is accelerating. At the worst, all global trade, which has helped and driven all growth (including the US) in the last 20 years will slow dramatically or stop all together. Iraq is now back in Iran’s influence, Russia and China are in direct currency trading and strengthening every day. GG has heard some commentators say that Russia doesn’t have the money, technology, or labor to expand its commodity reserves. But China does. In fact, China is doing that very thing already in Africa. India may be on the fence, but they know their geographical location and they have billions to feed. They have to be on the fence.

To sum up: too much is global debt will slow trade and change currency power. The unanswered question is: will political conflicts accelerate us all toward that decline.

 

March 31, 2014

Latest blog post by Martin Armstrong dated March 31, 2014

Click here for Martin Armstrong’s latest blog post entitled Is Obama Just Outclassed by Putin? dated March 31, 2014.

gg says: groovygirl isn’t sure if Obama is outclassed by Putin, but he is certainly out-statemened. Is that a word? What gg means is that, say what you will about Russia/communism/etc, Putin is one of the best statesmen and politicians ever seen of late. He is strategic. And you can bet he doesn’t do anything without exploring and anticipating all the possibilities and consequences ahead of time. He is well-prepared, and his actions are well-thought out. That’s something the US seems to have fallen short on.

Putin also has something on his global side that the US doesn’t seem to consider, growing hatred of America’s butting into everyone’s business under the guise of the “war on terror”. (He also has Russian nationaliam from within.) There was a time, when the USSR was seen as a force to be protected from. Now, that may or may not be true, but it is not Russia that is getting bad global press about eavesdropping on Merkel’s phone calls, it is the US. This hypocrisy is not lost on the rest of the world, and it is and will be used by Putin to his every advantage. And being the “underdog” is also in Putin’s favor.

This little spat with Putin is very concerning to groovygirl. It is big. At best, it will bring together the alternative trading currency and SWIFT systems that have started in Asia much quicker than thought. At the worst, it will start a regional war that the US is sure to lose and will not be backed by the people of the US. If Obama does not handle this Putin thing well and start aggressively rebuilding relations with Europe, Asia, and South America (instead of running to Saudi Arabia), this will be the middle of the big wave that changes global power not by war, but by currency and capital. gg doesn’t know who is advising Obama on foreign relations, but he is ill-advised. Putin is using the exact same tactic that the US used prior to the fall of Russia: protecting the little guy/country from the big, bad empire. And it will work for him just as it worked for the US.

The US can not continue sanctions, it will just drive the BRICS and their new trading system closer to a global alternative and cause even more global capital to go into hiding. The US can not use military action, the world and the US people are weary of long invasions. The US must take drastic and targeted actions to restore trust that it is a world leader by example, not a tsar and tyrant. The eroding of trust and confidence is at the core of this decentralizing cycle, causing all sorts of issues from global currency to capital flow to riots and revolutions to stock markets to NSA to government coups. It is a lack of confidence that is causing all the long time systems and institutions to be questioned, and in some cases, challenged.

This will be very interesting to watch. 

The big question is will these systems be torn down and rebuilt into something balanced and fair and really better, or will that be in name only and be tyranny under a more peaceful and tranquil guise? Once people get power, no matter how noble the original thought, they tend to try and keep that power no matter what. Even if they have abandoned the noble thoughts long ago. Power comes and goes. But character, the essence of man/woman when money, power and status are stripped away. Things like the search for truth, continuing education, openness, empathy; these things should not be changeable or put away when one’s power is threatened. These things are stoic, intertwined with the character, unwavering.

meekness is not weakness or powerlessness, but power under control.

March 28, 2014

GEAB N 83

Filed under: Dollar Crisis, European Debt Implosion, Global Debt — totallygroovygirlfriday @ 1:03 am

Click here for the full free summary. This was published March 16, 2014. FYI: this is from an European slant. Always know who the audience is, it helps decipher truth.

Layout of the full article:
1. BUILD A TRAP TO DIVERT EUROPE AWAY FROM IT’S OWN DESTINY
2. MASS ATTACKS ON EUROPE
3. CAUSE A NEW IRON CURTAIN TO FALL ON EUROPE
4. FORCE EUROPE TO CHOOSE SIDES
5. FIND THE INTRINSIC RESOURCES IN EUROPE TO FREE ITSELF FROM THE TRAP – Eight strategic recommendations      

March 14, 2014

Catherine Austin Fitts

New interview with Catherine Austin Fitts with Sound Money via zerohedge. Click here. Good one!! Worth a listen. About 24 min. Catherine has a very good understanding about how governments work and how they centralize economics and money and that impact on you and me.

March 11, 2014

High Frequency Trading

Tyler Durden via zerohedge had an excellent article this morning about the amazing winning percentages of HFT platforms. Apparently the big market for “winning” is currencies. Making fiat money on fiat money with the fastest computer. Fake money and fake traders. Welcome to the virtual world.

Click here.

But the most interesting thing about this post is not that computers control HFT trading, that the fastest and closest computers always win, that these HFT fat fingers can take down a market in milliseconds, or that currency markets are the main trading market they use to do it.

The scary thing about this chart is that there is a losing side to the winning computer’s HFT bet. Those extraordinary profits were taken from someone’s capital, debt, or savings. And who is that losing side? This is a another angle of the biggest wealth transfer in history.

Side musing: gg thought this little item about Ukraine’s gold air-lifted to NYFed for “safe-keeping” was interesting. Click here. Maybe it is collateral for that billion dollar loan?

February 24, 2014

Martin Armstrong talks with Glen Downs Feb 20, 2014

Click here. A two-part interview, about 25 min total.

Martin brings up a good point. When current political governments are overturned, debt payments may not get paid. New governments want to give cash to the people, not overseas bank creditors or internal corrupt government/systems.

January 22, 2014

News from Pimco

Filed under: Economic Crisis, Global Debt, Martin Armstrong, US Government Debt — totallygroovygirlfriday @ 4:42 am

Much more interesting than the departure of El-Erian is two other little tidbits in this article that you may or may not be aware of. Click here.

Over all, investors pulled $47 billion from Pimco funds last year. It
was the first year on record that Pimco had net annual outflows.

This confirms Martin Armstrong’s prediction of capital flight from bonds to something else.

A statement from the company said that Mr. El-Erian would leave Pimco in
March but keep some leadership roles with Pimco’s parent company, the
German insurer Allianz.

Pimco is not about bonds, it is about insurance. The insurance industry is losing money. The insurance industry is one of the many familiar institutions that will have to figure out another way to make money or make much less money in this Great Reset.

Banking, insurance, and global government debt are closely intertwined. A crack in one affects all others.

Business models that worked for the last 50-75 years will not work as they did moving forward. Those that adapt will survive, those that don’t, will not. Bail-outs and bail-ins only buy time, they are not new business models (contrary to what CEOs may think).

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