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The giant investment company's global influence on politics and economics is enormous. BlackRock is one of the most powerful organizations in the world, and its nefarious role in global economics and politics is becoming more apparent. The investment giant is pushing woke politics in the form of corporate social credit scores (ESG), which includes the dangerous “net zero” and LGBT agenda. BlackRock is also responsible for rigging the financial systems and has control over a significant portion of the world’s wealth. In order to fight back, we need to know what we are dealing with. In this article, we take...

The Bank of England has begun its sell-off of government debt: a process called QE that resulted in a flood of money going into capital markets so that asset prices carried on heading up after the financial crisis. This is the end of an era - and the beginning of another. It is one of the most important watershed moments in recent economic history - not that you'd necessarily have noticed it. For this afternoon is when the era of quantitative easing (QE) gives way to the era of quantitative tightening (QT). The Bank of England, which has spent the...

Federal Reserve officials are likely to raise their benchmark short-term interest rate from near zero Wednesday, expecting to slowly ratchet it higher to above 3% in three years. But that's if all goes as planned. Their big worry is they'll end up right back at zero. Any number of factors could force the Fed to reverse course and cut rates all over again: a shock to the U.S. economy from abroad, persistently low inflation, some new financial bubble bursting and slamming the economy, or lost momentum in a business cycle which, at 78 months, is already longer than 29 of...

We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter. The initial reading on first quarter GDP, released on April 29, showed the economy grew just 0.2%. Ahead of that report, Wall Street expected the economy grew 1% to start 2015. Subsequent data, however, showed that the economy was likely even weaker than first estimated to start the year. Some economists, however, either...

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called “The New World Order”. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...

For folks who are trying to ignite inflation, this sure isn’t working out very well. It’s been hoped by the country’s central bankers that the massive quantitative easing program along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.

Call it doomsday prepper economics. For more than five years, many Republicans and conservatives have warned that catastrophe is nigh. Washington's deficit spending and the Federal Reserve's excessive money printing will lead to a financial crisis worse than the Great Recession, they prophesied. Inflation will skyrocket, the dollar will collapse, and the Chinese will dump treasuries, they swore. As Ron Paul, the libertarian former GOP congressman and presidential candidate, said back in 2009: "More inflation is absolutely the wrong way to go. We're taking a recession and trying to turn it into a depression. We're going to see a real...

Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF. Those who live within the matrix are fully loaded for a recovery which is not and will not appear. Nominally the Main stream media can proclaim ECONOMIC recovery has arrived, point to the rising developed world stock markets, seemingly benign bond markets of all categories: sovereign, investment grade and Junk, Private equity, corporate buy backs and more have priced in “Happy Days are here again”. HFT, unrestrained leverage in a financially repressed world and...

Holly Wrote: Why not also name all the other presidents who used this program?- Rand Paul Versus Barack Obama Dear Comrade Holly, I’m not sure if you’re asking me why I don’t name them in my column or if you are asking Rand Paul why he doesn’t name them in the lawsuit. In either case, the answer is the same: The only president who actually can be forced to do something about it now is the president who sits in the Oval Office. This isn’t a punitive suit seeking damages from the presidents for civil right violations. It’s as suit...

Jared Bernstein, the man who was formerly responsible for advising Vice President Joe Biden on economic matters (wow . . . that would be a daunting task), has said that if Obama is a socialist, he’s not a particularly good socialist. In fact, he said the President would have to be considered the “worst socialist ever” because the financial markets have been climbing during his Presidency. And to think everyone used to call me names for suggesting socialism is a tool used to prevent mass prosperity. Biden's Former Economic Adviser: 'If Obama's a Socialist, He's the Worst Socialist'Al Sharpton, who...

No matter how many monetary officials try to sugarcoat it with damage control, the fact remains that the Ben Bernanke Fed wants to end its quantitative-easing bond-buying operations over the next year. That was Bernanke's statement at his last press conference, and I've seen nothing to contradict it. As everyone knows, stocks and bonds collapsed right after Bernanke let the cat out of the bag. Fortunately, markets have stabilized since then. But my hunch is that unless the economy really falls back into a quasi-recession, the Fed is going to go ahead and end its bond purchases. The central bank...

Sooner or later the Federal Reserve will have to turn off the spigot called Quantitative Easing (QE). And the stock market seems to think it’s better sooner rather than later, because you can only go so long with bad news masquerading as good news. Concern over an early QE exit by the Fed receded early this week as the U.S. ISM Manufacturing plunged to 49.0 in May. Over the last two months, persistent rumors about the end of “riskless-trading,” created under the deluge of central bank created liquidity, have translated into a market where the internals breadth and depth do...

... The reality of the Fed's actions, when combined with expansionary fiscal policy, is that neither fiscal nor monetary policy is effective any longer in dealing with the systemic structural issues in the Western world's economies. Additionally, the Federal Reserve's policies are borderline negligent and irresponsible. The Fed is creating the next bubble that will make the housing bubble bursting look tame. When interest rates have been maintained at near zero rates for over five years, entire economic structures and systems/businesses become dependent upon such low rates. The Fed's current policies fail to reflect that economic uncertainty is preventing the...

Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money. Columbia Professor Michael Woodford, the world's most closely followed monetary theorist, says it is time to come clean and state openly that bond purchases are forever, and the sooner people understand this the better. "All this talk of exit strategies is deeply negative," he told a London Business School seminar on the merits of Helicopter money, or "overt monetary financing". He said the Bank of...

The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe in banks can be catastrophic. Banks are not just warehouses where money can be stored. They are crucial institutions for gathering individually modest amounts of money from millions of people and transferring that money to strangers whom those people would not directly entrust it to. Multi-billion dollar corporations, whose...

A PeakProsperity.com reader recently lamented: I have been trying to get my head around the mechanism of QE. Not being an economist or experienced investor I don't really understand a lot of the jargon. The usual simple definition of QE as "thin air money printing" does not satisfy my need for understanding either. Have hunted for a description of QE for dummies that leaves me feeling like I get it, but with no luck. My difficulty is in understanding how thin air money gets into circulation. So I'm going to do my best to answer this plea in as intuitive...

Here is a way to explain “Quantitative Easing” to liberals. You and I sit down to a friendly game of poker. I bring out the chips in different colors and we both “buy in” by trading real dollars for the chips. As the game progresses you win most of the chips. I reach into the chip box and place a large stack on my side and continue playing. I did not pay for the chips, I just “created” them out of the blue. You continue to win and you have a large stack of colored chips in front of you....

This is not what people mean when they talk about “wealth creation.” In fact, it’s very nearly the opposite of that: The inevitable devaluing of the dollar — the prices of gold, silver and several other commodities spiked in the minutes following the Fed’s 12:30 announcement — means our savings will lose value. This is the destruction of future wealth in the hopes of creating some current economic growth. In that respect, it is no different from increasing the budget deficit even further to fund even more Keynesian spending. The Federal Reserve’s Open Market Committee today said it will keep...

Video Transcript: other reasons, too, which we'll talk about later. cme group, rick santelli. looking at some long-term effects of qe. indeed, there is another name for qe. and we'll get to that momentarily. one of the great things about the human race is they can assimilate and accommodate. we talked about the swiss psychologist in the 1930s, the 1960s, really doing a lot of work here. what it simply means is that we're very adaptable as humans. i think quantitative easing fits into that. it's something that really doesn't seem like it's the answer for problems, printing more money,...

This video is an important introduction to QE, or quantitative easing. If Ben Bernanke would be this open about it, he would not need all of those footnotes.