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If everything keeps on tanking like it's doing now, soon, a global symmetrical war for resources will ensue.

I think they ran out of all the tricks up their sleeves to keep this wasteful system on its tracks. Embellishing the numbers and altering benchmarks to make things way more rosie than they are, will only add to the discrepancy between fiction and reality, infuriating the masses.

Exactly 100 years ago, the biggest butchery of all times commenced. This can't be a coincidence. They are bankster wars to massacre the unwanted, human surplus in order to adapt to the socio-economic changes following technological advances, just like the industrialization processes back then. In other words: by butchering the masses they again ensure their position on top.

Business Insider ‏@businessinsider · 24 min
Vanguard made this cool heat map of debt levels around the world [link to read.bi]

Business Insider ‏@businessinsider · 2 h
Here's what emerging-market leaders are saying and doing as their currencies burn [link to read.bi]

CURRENCIES SLIDE

In Turkey, the central bank has refused to raise interest rates even though the lira has fallen almost 9 percent this month, raising fears of mounting inflation and an investor exodus. It has relied instead on auctioning dollars, and on Thursday resorted to what analysts said were its first direct interventions since early 2012.

Despite these sales, estimated to total almost a tenth of its reserves, the lira dropped almost 2 percent, falling through the key 2.30 level.

The lira is only one of many currencies feeling the heat from investor worries over China and over the reduction in U.S. stimulus, expected from this month.

Central banks of several emerging markets were believed to have intervened to defend their currencies on Friday including India, Taiwan and Malaysia.

Russia again moved the rouble's trading band after $350 million in hard currency sales.

There was little respite, however. The rupee, Brazilian real, rouble and rand all fell more than 1 percent to the dollar. The Russian currency also hit a record low to the euro.

"I think we may see some actions from central banks, they will try to curtail the sell-off ... They are unlikely to be able to stabilize the currencies," said Lars Christensen, chief emerging markets analyst at Danske Bank in Copenhagen.

Christensen said currency weakness would ultimately help lift growth, but in the meantime, pain would be intense.

"If you are an emerging markets investor, you are seeing a lot of pressure on your positions," he said.

Investors have been fleeing - almost $4 billion has exited emerging equity funds so far this year. The week to January 22 saw them lose $2.4 billion, banks said, citing data EPFR Global released to clients late on Thursday.

Bond funds were more resilient, with just $0.4 billion of outflows, but they too have lost $1 billion so far in 2014.

There are also growing signs of contagion.

The losses in the more vulnerable emerging markets with big current account deficits have now spread to relatively robust assets such as the South Korean won and Polish zloty. The won suffered its worst weekly loss since mid-2013

They are also reverberating across stock markets in Europe. Spanish shares lost 1.7 percent because of their exposure to Latin American revenues.

Funds such as Aberdeen Asset Management and Ashmore, with large emerging-market investments, led losses in London, falling 4-5 percent on the day <ADN.L> <ASHM.L>.

The moves come after a day of losses across emerging markets, with Argentina's peso seeing its worst one-day trading session since the country's 2002 financial crisis.


Read more: [link to www.businessinsider.com]

Vanguard Made This Cool Heat Map Of Debt Levels Around The World

[link to www.businessinsider.com]

zerohedge &#8207;@zerohedge · 9 seg
Lagarde Says IMF Sees Global Imbalances Accelerating Again. And all it took was one weekly sell off?

zerohedge &#8207;@zerohedge · 1 min U.A.E. PRESIDENT STABLE AFTER STROKE: WAM

Business Insider &#8207;@businessinsider · 7 min
Turkey is the epitome of what can go wrong in the emerging markets [link to read.bi]

He described the market events of the past week as a "mini perfect storm" due to the fact that we're seeing weak data in China, fresh currency market turmoil in Argentina, and a worsening chaotic situation in Ukraine, the combination of which has triggered this market response.

He also touched on one of the other big themes of the year, which was the relationship between technology and inequality. Like others, he fears that without smart policy, the benefits of new technology will go to a very small part of the population, threatening capitalism itself.


Read more: [link to www.businessinsider.com]

What was the main theme at Davos this year?

Probably the biggest one was the rising tension between China and Japan. People are starting to make comparisons to 1914: You have a rising power facing an existing power, and in the past that has led to war.

Black session for global equities . Weaknesses in emerging markets trail motivate investors .

An explosive ' cocktail ' today imposed sharp declines in global equity markets . To questions about what will make the Federal Reserve ( Fed ) in the next week and signs of slowing Chinese economy meeting , summed up a currency seizure in emerging markets . The result was the worst weekly performance since 2012 in major stock indices and U.S. minimum depreciation for April 2009 of a basket that brings together 20 emerging-economy currencies . And it all happened very nervous - volatility as measured by the 'fear' in New York ( VIX ) soared nearly 30 % and the volume of trading in the S & P 500 was higher by 52 % on average of the last 30 sessions .

Some 940 billion dollars were withdrawn from emerging equity markets since May last year , when the Fed signaled the beginning of the end of the stimulus would be forthcoming. The decrease of these money flows affected investor confidence in emerging economies to be able to uncover the veil on some structural imbalances that persist in these countries . And this distrust has evolved in recent days into a state of aversion , especially in the forex market : the Argentine peso sank 16 % , the Turkish lira hit a historic low and the South African rand suffered the biggest depreciation since 2008 against the U.S. dollar .

This nervousness quickly froze investor appetite for equities, an asset that always involves some risk . On the flip side of selling pressure , the yen and the Swiss franc were two of the favorite refuges of investors . The movement of flight to quality still benefited ounce of gold , a traditional haven in the financial storms that lived the best week in 16 months . All this turmoil came to the entrance of a week that will be the Fed meeting on setting monetary policy . The last meeting with Ben Bernanke at the table is scheduled for Tuesday and Wednesday. [link to economico.sapo.pt]

zerohedge &#8207;@zerohedge · 16 min
KNOT: FUNDING STRESS NOT ACUTE ENOUGH FOR MORE LONG-TERM LOANS

[link to twitter.com (secure)]

Wow wild friday.....monday will be watching close

exactly! if its sooooo horrible then why are is china buying so much of it?
(for starters the chinese hate paper money, too easy to destroy for one.)

Lmao. Best answer to that question I've seen yet!

Max went a little crazy in this one..lol

Of stress tests of the ECB can bring "bad news"


Eurogroup conviscto that tests will clearly see the quality of banks' assets and their actual injury. [link to www.cmjornal.xl.pt]

These people just don't care what they do..

Davos billionaires: Oblivious to the coming revolution


SAN LUIS OBISPO, Calif. (MarketWatch) — The world looks different from rarified altitude of a billionaire. Especially if you’re one of the 85 richest who control more wealth than the 3.5 billion poorest.

You guys already own half the planet. Keep up the good work, getting richer, by the end of this century your family could be one of the world’s 11 trillionaires predicted in the new Credit Suisse Global Wealth Report. Capitalism is the ticket to owning everything.

Cruising at 51,000 feet, Mach 0.85 in your $40 million Gulfstream jet, you know the world belongs to you. A few days at the World Economic Forum in historic Davos, Europe’s highest city, high in the Swiss Alps, and your world seemed even bigger. Roots in the Higher Middle Ages. Fabulous ski resort.

Davos is mostly about business contacts, meeting other powerful capitalists, great PR and i-photo ops walking among world leaders, in seminars, at meals, over drinks, just mingling with the 2,500 participants — all the captains of industry, central bankers, heads of state,

Link
[link to www.marketwatch.com]

Was watching some Goldman Sachs Bimbo on CNBC telling me to bust out the family savings, because this is a rare buying opportunity!

The MSM is sounding a little shrill of late...



Last Edited by Saddletramp on 01/25/2014 11:30 AM

sounds like cramer in late 08

Russian Market &#8207;@russian_market · 2 min
Reading #ChinaDaily: China's forex exchange reserves are the largest in the world $3.82 trillion - twice as Japan's [link to twitter.com (secure)]

You never see Kevin Bacon and Jim Cramer in the same place at the same time...

I dunno, the big banks keep their liquidity so low, however they can go to the Fed window if it becomes a problem. I would imagine HSBC is keeping as much as they can of their liquidity in interest bearing so it helps their balance sheet.

Russian Market &#8207;@russian_market · 7 min
Experts warn Chinese buyers to be wary of business risks before buying property in EU (Esp. France) - China Daily [link to twitter.com (secure)]

If China ever puts capital controls in place you know the end is nigh...

I think they're going to use this leaked story about Chinese Billionaires and Oligarchs moving money out of the country to do this...

Thank you so much for join us!

Russian Market &#8207;@russian_market · 2 min
So if Chinese investment in EU nations are down, who is that crazy buyer of PIIGS-bonds lately? #JustAsking [link to twitter.com (secure)]