Pyongyang hints a missile launch could come today

End Of Days News

Amid international unease over an imminent missile launch from Pyongyang, North Korea warned foreigners in the South to evacuate to avoid military contact yesterday.

“We do not wish harm on foreigners in South Korea, should there be a war,” stated the Korea Asia-Pacific Peace Committee, the North’s state organ that deals with noncommunist countries and inter-Korean affairs, through the North’s official Korean Central News Agency.

The committee requested all foreigners, including tourists and foreign institutions and enterprises “to take measures for shelter and evacuation in advance for their safety” in a statement yesterday.

The Blue House responded yesterday that such psychological warfare will not shake the foreign community and Koreans in the South.

“North Korea’s psychological warfare using foreigners in Korea will not work here and agitate us at all because Koreans, of course, and foreigners residing in Korea, have great trust and faith in our army and [South Korea],” stated Blue House spokeswoman Kim Haing in response to the North’s statement.

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By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

End Of Days News

Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.



Here’s a recap of some of the larger Fed moves during the Crisis:

• Cutting interest rates from 5.25-0.25% (Sept ’07-today).
• The Bear Stearns deal/ taking on $30 billion in junk mortgages (Mar ’08).
• Opening various lending windows to investment banks (Mar ’08).
• Hank Paulson spends $400 billion on Fannie/ Freddie (Sept ’08).
• The Fed takes over insurance company AIG for $85 billion (Sept ’08).
• The Fed doles out $25 billion for the automakers (Sept ’08)
• The Fed kicks off the $700 billion TARP program (Oct ’08)
• The Fed buys commercial paper from non-financial firms (Oct ’08)
• The Fed offers $540 billion to backstop money market funds (Oct ’08)
• The Fed agrees to back up to $280 billion of Citigroup’s liabilities (Oct ’08).
• $40 billion more to AIG (Nov ’08)
• The Fed backstops $140 billion of Bank of America’s liabilities (Jan ’09)
• Obama’s $787 Billion Stimulus (Jan ’09)
• QE 1 buys $1.25 trillion in Treasuries and mortgage debt (March ’09)
• QE lite buys $200-300 billion of Treasuries and mortgage debt (Aug ’10)
• QE 2 buys $600 billion in Treasuries (Nov ’10)
• Operation Twist reshuffles $400 billion of the Fed’s portfolio (Oct ’11)
• QE 3 buys $40 billion of Mortgage Backed Securities monthly (Sept ‘12)
• QE 4 buys $45 billion worth of Treasuries monthly (Dec ’12)

The Fed is not the only one. Collectively, the world’s Central Banks have pumped over $10 trillion into the financial system since 2007. This money printing has resulted in a massive expansion of Central Bank balance sheets, spread inflation into the system, and done nothing to address the key solvency issues that lead up to the great crisis.



This competitive debasement has lead to increased tension between the world’s Central Banks. You will never hear their stated outright for the simple reason that the single most important responsibility of the Central Banks is to maintain confidence in the system.



However, underneath the veneer of goodwill and the occasional necessary coordinated intervention, tensions are rising between Central Banks. When the US debases the US Dollar it pushes the Euro higher. This hurts German exports which in turn angers the Bundesbank.



The Bundesbank fired a warning shot at the Fed last autumn when it announced it wanted to have its Gold reserves at the Fed audited. To be clear here: no one of major financial import has ever questioned the Fed’s trustworthiness before. However, at the time of this announcement Germany stated it had no intentions of actually moving its reserves.



Fast-forward to today and Germany has not only audited and checked its Gold reserves at the Fed but it is now moving them. In plain terms, Germany has told the world that A) it does not trust the Fed and B) it is through playing around.



This situation will likely be getting worse going forward. The fact that Germany will be removing all of its Gold reserves from France certainly doesn’t bode well for future German French relations if push ever comes to shove (it’s not as though Europe has a history of getting along well).



Look for increased tension to grow between the world’s Central Banks in the coming months and years. This tension will likely result in:

1. Economic warfare (see the recent situation in Iran)
2. Political infighting
3. Key players being sacrificed

Given that the financial system and economic “recovery” have been built on a house of cards, these political developments will have major impacts on the financial markets.



Outside of internal dissent, the power players in the global economy (the US, China, Japan, and Germany) are showing increasing signs of tension both internal (China and the US) as well as external (China vs. Japan, Germany vs. the US, the US vs. China).



These tensions will lead to economic warfare and very likely physical warfare in the coming years.

http://www.zerohedge.com/contributed/2013-02-03/printing-money-central-banks-have-already-begun-next-stage-warfare