Draghi Ready To Step Up But Needs Help From Governments – MarketPulse

Draghi Ready To Step Up But Needs Help From Governments – MarketPulse.

Mario Draghi said the European Central Bank is ready to add more stimulus and called on governments to do more to help the euro-area economy.

European Central Bank President Mario Draghi

“We stand ready to adjust our policy stance further,” the ECB president said today in the text of a speech at the Federal Reserve Bank of Kansas City’s economics conference in Jackson Hole, Wyoming. “It would be helpful for the overall stance of policy if fiscal policy could play a greater role alongside monetary policy, and I believe there is scope for this.”

Draghi’s call for politicians to play their part in safeguarding the euro-area recovery comes as pressure mounts on the ECB for radical measures such as quantitative easing. While he has previously pledged to take further action “should it become necessary,” he omitted that qualifying phrase today.

One year after the end of the currency bloc’s longest-ever recession, the economy has stalled, unemployment remains near a record high and inflation is the weakest in almost five years. The ECB’s Governing Council next meets to set monetary policy on Sept. 4 in Frankfurt.

“We need action on both sides of the economy: aggregate demand policies have to be accompanied by national structural policies,” Draghi said. “We should not forget that the stakes for our monetary union are high.”

Dailyslave.com | $100 Billion — Total American “Aid” to Israel Since 1962

Dailyslave.com | $100 Billion — Total American “Aid” to Israel Since 1962.

David Duke comments on how Israel has received $100 billion from American taxpayers since 1962 which has allowed the evil Israeli Jews to commit all sorts of insane atrocities against the Palestinian people.  There is no question that Washington DC is bought and paid for entirely by various Jews and Israeli lobbyists considering how long this disgusting trend has continued.

iStock 20492165 MD - American and Israeli flags

From David Duke:

Israel has received $100 billion—written out, $100,000,000,000—in “aid” from American taxpayers since 1962, and continues to receive a further $8.5 million every single day.

This “aid”—which is only possible because of the power of the Jewish Lobby which effectively controls Washington DC through a combination of lobbying, control of the mass media and election campaign funding—continues despite Israel being the most racist state on the planet, completely contrary to everything that America is supposed to stand for.

Israel is the world’s only openly racist state, with Jews-only immigration policies, DNA tests for immigrants, the outlawing of marriages between Jews and non-Jews to keep the Jewish bloodline pure, racially segregated housing and residential areas, the forcible expulsion of asylum seekers and illegal immigrants, and, of course, the decades-long ethnic cleansing of Palestinians and the mass murder campaigns such as recently seen in Gaza.

To gain some perspective on how much $100 billion is, consider the fact that, according to the World Bank Development indicators, at least 61 other countries have annual Gross Domestic Products (GDP) less than the amount of aid given to Israel.

Among Jewish Supremacists, this “aid” is often the subject of much boasting. For example, a leading Jewish journalist for the Israeli newspaper Haaretz, Moti Bassok, could not contain his pride in this “achievement” of raking off so much money from American taxpayers:

“The United States of America is Israel’s big brother and really loves us. Israel does not have and apparently will not have another friend like it,” Bassok wrote, before continuing:

“According to a recent Congress report, Israel is the country that has received more cumulative American aid than any other country since the end of World War II.

“For the past decades the United States has been regularly transferring aid of about $3 billion annually. In recent years, the aid has been solely for defense purposes.

“Additionally, the U.S. has been giving Israel generous military aid for projects that are important both to it and to Israel.

“From 1985 on, in the framework of the plan to stabilize the economy, American aid was pegged at a grant of $3 billion annually.

“In that year Israel also received another grant of $1.5 billion. One of the negotiators between the countries in 1985 was Professor Stanley Fischer, who later became the governor of the Bank of Israel.

“The largest amount of American aid in grants and loans in a single year came to $15.7 billion in 1979, when Israel signed the peace treaty with Egypt.

“One of the most expensive arms deals in the history of Israel’s defense forces – the purchase of 20 F-35 fighter planes for $2.7 billion – will be financed entirely by aid money. The deal was signed towards the end of 2010 and the first planes are slated to be delivered to Israel next year.”

In other words, American taxpayers give billions of dollars to Israel—which is then used to “buy” weapons with which Israel murders Palestinians.

It is the goriest, dirtiest, most murderous “deal” in history, and the Jewish Lobby, its controlled Congressmen and Senators in Washington DC are accountable for not only the destruction of the American economy, but also the blood of hundreds of thousands of dead, wounded and maimed Palestinians on their hands.

Deflationary Depression, Government Lies & A New Paradigm

By Michael Pento of Pento Portfolio Strategies


August 24 (King World News) – Deflationary Depression, Government Lies & A New Paradigm



Market pundits appear to be mostly dumbfounded as global bond yields continue to set record lows. For example: The 10-year German bund fell below 1 percent, the Italian 10-year note has dropped below 2.60 percent, Spanish bonds fell to 2.40 percent, and Japan is offering a shocking one half of 1 percent to borrow funds for 10 years. Even Greece, whose bonds were on ECB life support just two years ago, has a 10-year note yielding below 6 percent. Worldwide bond yields are at all-time lows, leaving market commentators scrambling to come up with a creative array of explanations for this phenomenon….



Tensions in Ukraine and escalating violence in the Middle East are some favorites. But at least in Europe and Japan, most are willing to attribute record-low bond yields to the real cause: that is, no growth and deflation.

Curiously, here in the United States — despite bond yields heading toward 52 weeks lows around 2.31 percent — those perpetually bullish market strategists are optimistic about growth in the second half, just as they have been each year since the Great Recession ended in 2009.

Few commentators in the U.S. are willing to admit that plunging bond yields are signaling the same thing here as in the rest of the world, which is the inability of massive central bank money printing to engender real growth. These pundits have a myriad of other excuses to explain our low borrowing costs. But my favorite red herring is to attribute the cause of our plunging yields to the low yields in Europe and Japan. They claim that the yield spread alone is causing a monetary deluge into U.S. debt.

It is true that the benchmark U.S. yield has been running more than 1.3 percentage points above the yield on 10-year German bunds since the beginning of July. This premium is the biggest since June 1999, before the euro was introduced. This leaves many to conclude that our yields must fall commensurately with those of Japan and Europe; despite their contention that U.S. growth and inflation rates will be drastically different than these same countries.

But falling yields in the U.S. are not due solely to an arbitrage between Treasuries and European and Japanese debt. To the contrary, it is because the fundamentals of low growth and cyclical deflation are the same in both countries. If the U.S. had differing fundamentals, like rapidly rising inflation, then the yield spread would be rising. That’s because foreign investors would need to be compensated for the increasing differential in real interest rates (much lower in the U.S. than in Europe). Therefore, this condition of falling real rates in the U.S. would cause the Euro to rise vis-a-vis the dollar and erode all incentives to own Treasuries near the same yield as European debt.

The investors who make up the bond market are smarter than most who comment on it. They understand that bond prices are a result of credit, currency and Inflation risks.  Since the credit risks of Europe and the U.S. are fairly commensurate, we have to assume that a worldwide decline in yield reflects the market’s perception of inflation risk, or lack thereof. And now that the U.S. is ending its biggest QE program to date ($1.7 trillion worth of Fed asset purchases), a short-lived respite from the inflation experienced over the last few years is about emerge.

I said in 2011 that the world was heading into a new paradigm – central banks were walking their economies on a tightrope between inflation and deflation. Onerous debt levels had reached the point where central banks would be forced into a difficult decision — either massively monetize the nation’s debt or allow a deflationary depression to wipe out the economy.

In this environment, governments are compelled to seek a condition of perpetual inflation to maintain the illusion of prosperity and solvency. But once the central bank shuts off the money spigot, deflation returns with a vengeance. As a result of winding down the massive money printing from the Fed, we are now seeing the very early signs of deflation. Yet the usual talking heads are too busy cheering from the sideline to watch the real game.  And they see every deflationary signal the market is throwing them as another reason to get their pompoms out.

Falling commodity prices (down 8 percent on the CRB Index since June) are great for consumers and businesses in the long term. A period of deflation would be greatly welcomed in the long term, inasmuch as it represents a needed healing process from the Fed-induced inflation. But it is not conducive to rapid growth in the short run because this deflation will be the result of collapsing asset bubbles.

Japanese GDP is falling sharply, European growth is nil, and U.S. GDP for the first half of 2014 is under 1 percent. For those who love to applaud every central bank intervention, the failure of our Fed to produce sustainable growth seems not to be an option. So every data point is spun to support the narrative of an economic recovery. Unwilling to admit that the Fed’s massive monetary experiment may fail, they sit in perpetual denial about our true economic condition and spin an elaborate web of excuses.

What they fail to realize is that QE never created growth; it just inflated asset prices. Likewise, the winding down of QE will not manifest growth; it will just temporarily deflate those same asset prices that are sitting precariously on top of the greatest bubble in the history of economics.”

7 Luxury and attractive Destinations to Visit in 2014 | News,Technology,Entertainment,Health & Beauty,Jobs,Social Media

7 Luxury and attractive Destinations to Visit in 2014 | News,Technology,Entertainment,Health & Beauty,Jobs,Social Media.

7 Luxury and attractive Destinations to Visit in 2014
beautiful destinations

7 Luxury and attractive Destinations to Visit in 2014

If you are planning to going on vacation this year which are luxury and breathtaking destination instead of low-budget destination. You may want to check out the list of 7 luxury destinations to visit in 2014




Monaco known for its charity film festival and luxury things. Luxury villas, hotels and cars, awesome shops make Monaco one of the most luxury and breathtaking destinations to visit in 2014

French Polynesia


Known as Tahiti, French Polynesia is a paradise for tourist, which is hidden in the South Pacific Sea. The overwater bungalow is the best accommodation on Tahiti. The islands boast the turquoise waters and bright green mountains.



Dubai is a destination many people want to visit at least once in their lifetime. Dubai is a favorite tourist place with the world’s most expensive and biggest shopping malls, a lot of fine dining and amazing sights.



One of the best honeymoon destinations, the Maldives consist of numerous islands. Income are high in Maldives, prices of restaurants and accommodations are high.



It is known as the city of the thousand spires because of its beautifully preserved historical monuments dating practically every period in history. Prague is renowned as a very walkable city for those who enjoy seeing the old and new city by foot



There are thousands of buildings that line Amsterdam’s main canals can be classified as a monument beautiful cafes, offices, restaurants, apartments. All together make the city most beautiful & charming in the world. A lot of bridges and crossing canals.

Las Vegas


It’s dazzle at first sight with all the flashing lights and replicas of several of the world’s icons. Its look like tacky theme park then a city. The grand, tasteless hotels and casinos may appeal to visit, you can live the high life I this 24-hour city. This is a place where reality is takes you through a fantasy land.


A European Lost Decade? by Michael Heise – Project Syndicate

A European Lost Decade? by Michael Heise – Project Syndicate.


MUNICH – Europe is in a difficult predicament. Inflation has fallen to 0.4%, and economic growth has been anemic for years. Though the European Central Bank has kept interest rates close to zero, private credit growth is stalling and public debt continues to rise. This sounds a lot like Japan’s situation in the 1990s, which culminated in a “lost decade” of economic stagnation and deflation from which the country is still working to recover. Is Europe bound for a similar fate?
Read more at https://www.project-syndicate.org/commentary/michael-heise-explains-how-europe-can-avoid-a-japanese-style-debacle#MucrjFLiXkE4wg1w.99

Golf, Private Jets: How Australia’s Casinos Woo Chinese – Bloomberg

Golf, Private Jets: How Australia’s Casinos Woo Chinese – Bloomberg.

Australians once rioted against Chinese migrants attracted by a 19th-century gold rush. Sydney’s sole casino now depends on the city’s Asian ties for high-rollers who provide almost a third of its sales.

Echo Entertainment Group Ltd. (EGP) is considering buying a golf course for a resort south of Brisbane, Chief Executive Officer Matt Bekier said in a phone interview, to entice Chinese gamblers who’ve driven a fourfold jump in Macau’s casino revenue over the last six years. Billionaire James Packer’s Crown Resorts Ltd. has spent $100 million upgrading its fleet of private jets for the same reason.

“For people to fly to Sydney from Macau, they’re flying over some pretty attractive casinos along the way and they wouldn’t make the trip if there wasn’t something unique here,” Bekier said in the interview last week after the company posted a 25 percent jump in annual profit. “At least a third to a half of them have connections here.”

Australian companies are looking to tap rising Chinese consumer spending as Beijing winds down an investment boom that spurred a surge in commodity exports following the 2008 financial crisis. China’s shift towards consumption offers new opportunities for Australia to benefit from its biggest trading partner, Trade Minister Andrew Robb said in March.

Russia Gets Ready for Life Without Visa and MasterCard – Businessweek

Russia Gets Ready for Life Without Visa and MasterCard – Businessweek.

SMP Bank in Moscow

Is Russia ready to cut up its plastic? After Visa and MasterCard stopped processing some Russian transactions in response to U.S. sanctions, Moscow says it could launch a homegrown payment system that could be ready in as little as six months, according to German Gref, chief of the country’s largest bank, Sberbank (SBER:RM). Hard as it may be for Americans to imagine life without Visa (V) and MasterCard (MA), jettisoning them wouldn’t be all that difficult. Moscow has been preparing for the past few years to issue an electronic payment card that citizens could use for transactions with the government, such as tax and pension payments. …

Is it time to give up on gold? – Jeff Reeves’s Strength in Numbers – MarketWatch

Is it time to give up on gold? – Jeff Reeves’s Strength in Numbers – MarketWatch.

There are some Federal Reserve haters out there who think it’s wise to put over half of your portfolio in gold bullion to protect you against inflation and the inherent volatility of stocks. On the other hand, there are others who think the gold standard is a “barbarous relic” or think Martians would be baffled by our affinity for the precious metal. As for me, I try to be agnostic about gold. Any investment you make money on is a good investment in my view. So rather than debate whether or not gold is “good” for investors, I’d prefer to focus on the short-term and medium-term outlook for the precious metal. That means the …

Top JPMorgan China banker to resign

Top JPMorgan China banker to resign.

One of JPMorgan Chase’s top bankers in China is leaving the bank amid an investigation into its hiring practices in Asia. Fang Fang, a vice-chairman at JPMorgan, is expected to leave this week, according to a person familiar with the situation. JPMorgan declined to comment. Mr Fang could not be reached for comment. The US Securities and Exchange Commission and the Department of Justice last year launched a probe of JPMorgan’s hiring practices over whether it had hired princelings – the family members of influential figures in the Chinese government and elite – to win business. Hiring candidates in order to land specific business …

Meet The ‘Assassination Market’ Creator Who’s Crowdfunding Murder With Bitcoins – Forbes

Meet The ‘Assassination Market’ Creator Who’s Crowdfunding Murder With Bitcoins – Forbes.

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As Bitcoin becomes an increasingly popular form of digital cash, the cryptocurrency is being accepted in exchange for everything from socks to sushi to heroin. If one anarchist has his way, it’ll soon be used to buy murder, too. Last month I received an encrypted email from someone calling himself by the pseudonym Kuwabatake Sanjuro, who pointed me towards his recent creation: The website Assassination Market, a crowdfunding service that lets anyone anonymously contribute bitcoins towards a bounty on the head of any government official–a kind of Kickstarter for political assassinations. According to …