Daily Archives: September 14, 2018

Central Banks Have Gone Rogue, Putting Us All at Risk

by Ellen Brown

Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves. An estimated 30 to 40 central banks are invested in the stock market, either directly or through their investment vehicles (sovereign wealth funds). According to David Haggith at Zero Hedge:

Central banks buying stocks are effectively nationalizing U.S. corporations just to maintain the illusion that their “recovery” plan is working. … At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market.

The U.S. Federal Reserve, which bailed out General Motors in a rescue operation in 2009, was prohibited from lending to individual companies under the Dodd-Frank Act of 2010, and it is legally barred from owning equities. It parks its reserves instead in bonds and other government-backed securities. But other countries have different rules, and central banks are now buying individual stocks as investments, with a preference for big tech companies like Amazon, Apple, Facebook and Microsoft. Those are the stocks that dominate the market, and central banks are aggressively driving up their value. Markets, including the U.S. stock market, are thus literally being rigged by foreign central banks.

UK | The Strange Russian Alibi 95

by Craig Murray

Like many, my first thought at the interview of Boshirov and Petrov – which apparently are indeed their names – is that they were very unconvincing. The interview itself seemed to be set up around a cramped table with a poor camera and lighting, and the interviewer seemed pretty hopeless at asking probing questions that would shed any real light.

Yemen: mortar attack on UN food silo ‘could affect vital aid deliveries to millions’

Fighting in the Yemen port city of Hudaydah which has damaged a World Food Programme (WFP) storage facility, threatens to hamper efforts to feed millions of people in the war-torn country, it said on Friday.