Occupy Banksters & Crony Capitalism & GREED

The Central Banks Will Not Be Able to Control This
ZeroHedge | author | 03/19/15

The biggest issue facing the finacial system today is the US Dollar rally. The Fed and other Central Banks are trying to maintain the illusion that they have everything in control by talking about interest rates, but the reality is that the US Dollar carry trade is ABOVE $9 trillion in size. That is almost as big as ALL of the money printing that occurred between 2009 and 2013.

Globally, the world is awash in borrowed money... most of it in US Dollars. The US Dollar carry trade is north of $9 trillion... literally than the economies of Germany and Japan COMBINED. When you BORROW in US Dollars you are effectively SHORTING the US Dollar. So when the US Dollar rallies... you have to cover your SHORT or you blow up. ... Read more
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When The World's Reserve Currency Flash Crashed: "I Haven't Seen Anything Like It Since The Financial Crisis'
ZeroHedge | author | 03/20/15

On Wednesday afternoon, just after the close of the market, the US Dollar, the world's reserve currency flash crashed. "I haven't seen anything like it since the financial crisis," said Paul Lambert, head of currency at Insight Investment, which manages $480 billion of assets. For a few minutes on Wednesday, the lack of dollar buyers caused a short-term freeze in electronic trading platforms, according to a New York-based trader at a major currency-dealing bank. "There was a lot of shouting on the desk, a lot of nervousness," the trader said. ... Read more

Petraeus: The Islamic State isn't our biggest problem in Iraq
Washington Post | Liz Sly | 03/20/15

General David Petraeus, who commanded U.S. troops during the 2007-2008 surge, was back in Iraq last week for the first time in more than three years. He was attending the annual Sulaimani Forum, a get-together of Iraqi leaders, thinkers and academics, at the American University of Sulaimaniya in northern Iraq's Kurdistan region.

In his most expansive comments yet on the latest crisis in Iraq and Syria, he answered written questions from The Post's Liz Sly, offering insights into the mistakes, the prosecution and the prospects of the war against the Islamic State, which he refers to by its Arabic acronym, Daesh. ... Read more

McConnell Urges States to Help Thwart Obama's 'War on Coal'
NYTimes | Coral Davenport | 03/19/15

Senator Mitch McConnell of Kentucky has begun an aggressive campaign to block President Obama's climate change agenda in statehouses and courtrooms across the country, arenas far beyond Mr. McConnell's official reach and authority.

The campaign of Mr. McConnell, the Senate majority leader, is aimed at stopping a set of Environmental Protection Agency regulations requiring states to reduce carbon pollution from coal-fired power plants, the nation's largest source of greenhouse gas emissions. ... Read more

Arctic Sea Ice Hits Record Low Winter Maximum, Points To Evidence Of Long-Term Climate Change
Reuters & HP | author | 03/19/15

Arctic sea ice this year is the smallest in winter since satellite records began in 1979, in a new sign of long-term climate change, U.S. data showed on Thursday. The ice floating on the Arctic Ocean around the North Pole reached its maximum annual extent of just 14.54 million square kms (5.61 million sq miles) on Feb. 25 - slightly bigger than Canada - and is now expected to shrink with a spring thaw.

"This year's maximum ice extent was the lowest in the satellite record, with below-average ice conditions everywhere except in the Labrador Sea and Davis Strait," the U.S. National Snow and Ice Data Center (NSIDC) said in a statement. A late season surge in ice was still possible, it said. The ice was 1.1 million sq kms smaller than the 1981-2010 average, and below the previous lowest maximum in 2011. ... Read more