1. This is the reality: inadequately capitalized banks are backed by an inadequately capitalized insurance fund backed by an insolvent government and nearly insolvent central bank.

    — 

    A Year Later, Cyprus Still Has “An Emergency Situation” And Capital Controls | Zero Hedge

    Cypress occupied by progressives in Brussels and Berlin. Same story in New Ukraine after right-wing U.S. sponsored Putsch. Statists on left and right coming together, arm in arm and shoulder to shoulder, using the same instruments of policy to despoil as they defraud. It’s a beautiful thing, yo. Embrace your future.

  2. (via Top 10 Reasons Libertarians Aren’t Nice To You | Christopher Cantwell)

Because we’re assholes.

    (via Top 10 Reasons Libertarians Aren’t Nice To You | Christopher Cantwell)

    Because we’re assholes.

  3. (via On Lewis and HFT | Zero Hedge)

Markets are rigged, yo.

    (via On Lewis and HFT | Zero Hedge)

    Markets are rigged, yo.

  4. Only in the Keynesian world of regression model aggregates do we get a polar-reversal. There, baskets of prices (i.e. price indices like the CPI) which are rising somewhat slower than trend allegedly cause that mysterious ether called “aggregate demand” to falter. Needless to say, the professors have never identified the transmission mechanism whereby the consumer’s logical behavior to buy more goods with falling prices at the micro-level— causes the sum of all consumers to defer spending in the face of weakening inflation at the aggregate level for the entire basket of goods and services.

    — 

    Christine Lagarde Is Clueless: 70 Words Of Pure Keynesian Claptrap | Zero Hedge Repeat after me, yo: Inflation is a tax, a regressive tax, a tax that diminishes everyone’s purchasing power. Inflation transfers wealth from savers, pensioners, to debtors like states or banks. Inflation over time returns massive misallocations of capital as it distorts the process of price discovery as in e.g. housing markets where asset inflation results in absurdly valued properties in cities like Victoria, Vancouver, Calgary, and Toronto. Another example: tuitions and the student loan crisis. The U.S. stock market is another such bubble. Yet “low-inflation,” according to our economic elites, is the enemy:

    "The world’s official economic institutions are run by people who believe in monetary fairy tales. The 70 words of wisdom below from IMF head Christine Lagarde are par for the course. She asserts that a new jabberwocky expression called “low-flation” is the main obstacle to higher economic growth in Europe and the DM areas generally and that it can be cured by more central bank money printing."

  5. The methodology for global financial domination is really quite simple: America imports more goods than it exports and therefore dollars flow out of the US and accumulate in the central banks of other countries. Since the US has refused to honor these obligations in gold, the central banks are forced to invest in US treasury bills, bonds and other US financial instruments that pay interest which is financed by the issuance of further debt. The result is a US-dominated global financial system dependent upon maintaining the value, or more correctly, minimizing the rate of depreciation, of the dollar, allowing the US to enjoy an extravagant consumer-based economy at the expense of the rest of the world.

    — US military protecting international banking cartel