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?
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…..
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.
In case you missed it with global events, snow storms, and your own life, the GDP has been revised…down. Surprise!
Final quarter growth estimated at 2.4%, down from 3.2%. Fed blames the weather, again. Weather blames Fed.
….to find LIBOR rigging going on. Click here. Well, groovygirl is still wondering who is currently doing the rigging as we have not seen extreme movements up or down in LIBOR.
John Williams has his latest real stats out. You pay for the detail, well worth the money, but here is the punch line:
- Strongest Signal for a Recession Since September 2007
– January Real Retail Sales Activity Plunged by 0.6% for the Month
– Unadjusted Monthly January 0.4% CPI Inflation Squashed to 0.1% by Seasonal Adjustments
– January Annual Inflation: 1.6% (CPI-U), 1.7% (CPI-W), 9.2% (ShadowStats)
John uses the original inflation index formula, before gov started jacking with it. Did your wages/income go up by 9% to meet the real inflation index? groovygirl’s didn’t. Who needs hyperinflation when wages are down or flat or zero because you are unemployed coupled with a 9% real inflation rate and climbing? In the main street household, that can feel like hyperinflation pretty quick. At the very least, it means less consumer spending, saving, and debt for big purchases like houses, cars, and student loans.
Pam Martens with Wall Street On Parade has written a few very interesting articles. And groovygirl is still looking at those recent deaths of bankers and traders.
Click here for an article about the government’s investigation of the oil and gas industry and possible price rigging and control. Explains how banks rig commodity prices. Also explains where all that taxpayer bailout money went. They bought assets! Hint: you should be doing the same.
Click here for Pam Martens article on the recent deaths in the banking and related industries. And that reporter is still missing. Also explains possible bad long play in life insurance industry. Pandemic would probably help the position.
Here is another very interesting article on the mysterious deaths. (Read the whole thing, very good, especially that part about V.)
In groovygirl’s humble opinion: although, these are just a few articles, it is clear just from the revolving doors between public and private industry (clear for anyone to see on the linked-in profile of an executive) that there is a silent contract between public government and private companies deemed too big to fail. groovygirl does have one question. Assuming that government is “investigating” these shenanigans and are getting close enough to have certain people bumped off. Would not that cause the manipulating to stop, slow down, or transfer to another company/office/country? Why then have we not seen a drastic change in markets, since no one or fewer people are “manipulating” them. Such as LIBOR, currency swaps, etc.? Groovygirl would suggest there are some possible reasons for this: there is no manipulation at all, we are seeing the result, the government (or certain parts of government) is much more involved than previously thought and is now controlling that manipulation directly, or the same banks are doing the same thing and they are counting on government to look the other way while they “slim” their staff. Lots of questions, few answers.
Click here for a post from Jesse on Bear Sterns. The Bear Sterns and MF Global were triggered by margin calls.
Jesse had an update on the new international currency discussion. Click here. A new currency will happen and the pressure is building quick. But what it will look like and how will it change global capital/debt markets?
Groovygirl is off the opinion, like Jesse, that a new international currency will emerge, and national currencies will stay the “same”. But gg is also of the opinion that this new system will not last very long because it will keep as much power/influence with the US. And that strain between the US and emerging markets and outlying markets will continue. This will be a short-term solution (2, 5, 10 years?). Groovygirl is also of the opinion that this new currency will not last, because it will not address the true problem: collapsing global debt.
Click here for Martin Armstrong’s latest blog post entitled Cycles & Obama’s Tax Free Bonds dated January 29, 2014. Groovygirl thought the creation of new bonds was the big news in Obama’s speech this week.
The selling of new tax-free debt long-term regains sovereignty and
eliminates the need for primary dealers who blackmail government. This
is the game changer. It is starting to recognize that there is a debt
crisis, yet do not reform the system, only further its advance. That is
why we will still crash and burn.