Lord Rothschild: "This Is The Greatest Experiment In Monetary Policy In The History Of The World"

They are having The Greatest Experiment In Monetary Policy with YOUR MONEY!!!

Two months ago, the bond manager of what was once the world's biggest bond fund had a dire prediction about how "all of this" will end (spoiler: not well).

Now, it is the turn of another financial icon, if from a vastly different legacy -  and pedigree - that of Rothschild Investment Trust Chairman himself, Lord Jacob Rothschild, who appears to be the latest entrant to the bearish billionaire club. 

We were surprised to find his summary of recent events downright gloomy, and certainly non-conforming with a stock "market", manipulated by central banks as it may be, trading at all time highs. Here are the key excerpts:

The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.

To date, at least in stock market terms, the policy has been successful with markets near their highs, while volatility on the whole has remained low. Nearly all classes of investment have been boosted by the rising monetary tide. Meanwhile, growth remains anaemic, with weak demand and deflation in many parts of the developed world.  

Many of the risks which I underlined in my 2015 statement remain; indeed the geo-political situation has deteriorated with the UK having voted to leave the European Union, the presidential election in the US  in November is likely to be unusually fraught, while the situation in China remains opaque and the slowing down of economic growth will surely lead to problems. Conflict in the Middle East continues and is unlikely to be resolved for many years. We have already felt the consequences of this in France, Germany and the USA in terrorist attacks.

As a result, Rothschild has put his money where his mouth is: "we have reduced our exposure from 55% to 44%. Our Sterling exposure was significantly reduced over the period to 34%, and currently stands at approximately 25%. We increased gold and precious metals to 8% by the end of June."

* * * 

Not surprising, RIT's investment portfolio continues do quite well, and has now returned roughly 2,000% since inception

Here is the full section from the RIT Capital Partners' latest half-year financial report. 

The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale. 

To date, at least in stock market terms, the policy has been successful with markets near their highs, while volatility on the whole has remained low. Nearly all classes of investment have been boosted by the rising monetary tide. Meanwhile, growth remains anaemic, with weak demand and deflation in many parts of the developed world. 

Many of the risks which I underlined in my 2015 statement remain; indeed the geo-political situation has deteriorated with the UK having voted to leave the European Union, the presidential election in the US  in November is likely to be unusually fraught, while the situation in China remains opaque and the slowing down of economic growth will surely lead to problems. Conflict in the Middle East continues and is unlikely to be resolved for many years. We have already felt the consequences of this in France, Germany and the USA in terrorist attacks. 

In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company’s assets. In respect of your Company’s asset allocation, on quoted equities we have reduced our exposure from 55% to 44%. Our Sterling exposure was significantly reduced over the period to 34%, and currently stands at approximately 25%. We increased gold and precious metals to 8% by the end of June. We also increased our allocation to absolute return and credit, which delivered positive returns over the period, benefiting from a number of special situations. Within this category our new association with Eisler Capital had an encouraging start. We expect this part of the portfolio to be an increasingly important contributor to overall returns. 

On currencies, we reduced our exposure to Sterling in anticipation of Brexit and the generally unsettled UK political environment. Our significant US Dollar position has now been somewhat reduced as, following the Dollar’s rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields

Below is a snapshot of where every hedge fund wants to end up: the Rothschild investment portfolio.

Finally, for all those wondering where the Rothschild family fortune is hiding, here is the answer.

Credit to Zero Hedge

How to Live Off the Land When You’re On the Run

A 200-Year-Old Secret Teaching Reveals The True Nature Of Messiah Says Rabbi (Evangelicals Believe This Is Actually Pointing To Antichrist)

A highly secret teaching from one of the most renowned Jewish scholars and thinkers in Jewish history is slowly becoming known, revealing shocking details about the character of Messiah which are so explosive that they were hidden, in code, for over two centuries.

Megillat Setorim (“Scroll of Hidden Things”) has been a secret of the Breslov branch of Orthodox Judaism for over 200 years. It was revealed by the revered Rebbe (Rabbi) Nachman, the founder of the movement, exactly 210 years ago, on the fifth day of the month of Av in 1806, to two disciples during a long carriage ride in Ukraine.

Some of Rebbe Nachman’s teachings were recorded by his students in hints and code, though he forbade them from passing on his words, and collected into the first manuscript of Megillat Setorim. After death of the rabbi’s disciples, the manuscript was allegedly lost, though many believe it was purposefully hidden in order to prevent it being sought after and revealed.

“Rebbe Nachman did not want the Megillat Setorim publicized,” Rabbi Gedalia Fleer, who plays an important part in the history of the scroll, told Breaking Israel News. “Reading it is not enough. Interpreting it is another issue entirely.”

In 1963, Rabbi Fleer became the first Western Jew to visit the gravesite of Rebbe Nachman in Uman, Ukraine, where a Russian Jew entrusted him with the manuscript.

Rabbi Fleer brought the coded manuscript to a rabbi in Jerusalem who knew the secrets of how to read and translate the encrypted text. After initial reluctance, the rabbi taught the secret writings to Rabbi Fleer, forbidding him from taking notes or recording the lessons. Since then, and very slowly, the hidden writings have spread.

Rabbinical interpretation of what Megillat Setorim says about Messiah will upset most preconceived ideas about the man who will bring redemption.

Though “Rebbe Nachman says very little about the Messiah,” said Rabbi Fleer, “What he does say in Megillat Setorim is that when he comes, he is not going to appear like we think he will. People are going to look at him and say, ‘That’s the Moshiach (Messiah)?!’

“It seems to be that he is not going to dress in a rabbinic manner, and he is going to be a young man and not an old man with a long beard.”

Rabbi Fleer went on to warn that Rebbe Nachman’s disciples did not believe anyone should anticipate or try to guess at the coming of the Messiah.

“Messiah is going to come by hesech ha’daat (inadvertently). If you think he is going to come at a certain time in a certain way, then he won’t come. That’s why Breslov Hasidut (Hasidism) doesn’t delve into the subject very much,” he explained.

Dr. Zvi Mark, chairman for the study of Hasidism at Bar-Ilan University, became the first person to make the Megillat Setorim accessible to the general public when he published The Scroll of Secrets – The Hidden Messianic Vision of R. Nahman of Bratslav.

According to Dr. Mark, the Messiah is described in the teachings as a man of enlightenment and art. The secret scroll even sheds light on the sequence of events in the Messiah’s lifetime.

“Megillat Setorim describes the Messiah as conquering the world without firing even a single bullet,” Dr. Mark explained to Breaking Israel News. “He is described as an innovator of wisdom, medicine, and music. A character who deals in making peace between Israel and embodies religious leadership also to the nations of the world.

“Although initially the Messiah will not be acknowledged, Megillat Setorim is writing about when he is young, less than 12 years old,” Dr. Mark continued. “But later, when he is older, he will be recognized by all of Israel as a rabbi and scholar, and then he will begin to act as the Messiah.

“Not in Megillat Setorim, but in other places, Rabbi Natan writes that he understood from his teacher Rebbe Nachman that the War of Gog and Magog would not be a physical war, but a spiritual and cultural war.

“The Megilla itself is a wonderful vision of the order of the coming of the righteous redeemer, whose influence is spiritual rather than military, and the revolution he brings to the world will be spiritual, increasing wisdom, and empowering the place of music in human culture.”


Credit to breakingisraelnews.com

Read more at http://www.breakingisraelnews.com/73782/200-year-old-scroll-hidden-things-reveals-incredible-details-life-messiah-war-gog-magog/#E6I2C7rlDVF7uf8a.99

Republicans call for perjury charges against Clinton over emails

Avoid driving through Calais as Muslim invaders are smashing cars for fun

FRANCE: Locals and tourists warned to avoid driving through Calais as Muslim invaders are smashing cars for fun

MUSLIM migrants wielding bats and knives have been smashing up vehicles on roads near Calais as their owners sit in traffic, reportedly “just for fun”. Local residents are warning others to avoid the area, saying that the migrants are not even checking to see whether children are in the vehicles before they set upon them.

Breitbart  One resident has posted pictures to Facebook of her brother-in-law’s car, which sustained more than €500 worth of damage when over a dozen migrants set about it with bats, completely smashing a side mirror and the rear window, and shattering the windscreen.

“You’re leaving work and then you’re attacked by migrant shits just for fun – it disgusts me!” commented Maëva Mayla, in a post which has been shared by more than 6,000 people.

“Tell your relatives so that they can avoid it happening to them,” she advises, before appealing for others who have experienced similar attacks to come forward so that they could mount a joint compensation claim.

A number of people have left comments of support, and expressing anger at the situation in Calais. Nathalie Brioit said it is “a shame they have all the rights,” while Marine Gabrielle confessed “I no longer use the highway as I’m so scared.”

The damage comes just weeks after lorry drivers using the route warned yet again that it is only a matter of time before someone is killed by a migrant. In early August a driver was threatened by a migrant wielding a chainsaw during a night of violence which also saw lorries burned out.

Despite French politicians repeatedly promising to cap the population of the nearby Jungle migrant camp at 2,000 people, including around 400 children, the camp has now spiralled to a population of nearly 9,000 migrants, making the encampment the third largest ‘town’ in the region. Thousands more are camped at nearby Dunkirk in a bid to make the crossing into England without falling foul of local authorities.

Three weeks ago an Eritrean man was hacked to death and six others badly wounded as migrants ran riot throughout the camp, staging running battles fought with knives and bats between gangs of Afghans and Africans throughout the night.


Credit to Bare Naked Islam

1 In 5 Young Adults Live With Their Parents Or Grandparents

In America today, more than 60 million people live in multi-generational households.  That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy.  Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt.  Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise.  According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980.  Today, that number is up to 19 percent.  That means nearly one out of every five U.S. adults now live with their parents or their grandparents.

One of the big culprits, of course, is student loan debt.

According to CNN, approximately 70 percent of all college graduates will have student loan debt to pay off once they leave school, and the average loan balance for those graduates is about $28,950.

But there are many that run up $50,000 or $100,000 in debt at high end schools.  We encourage our young people to apply to the “best schools” that they possibly can, and we tell them that they shouldn’t worry about how much it will cost.  We assure them that they will be able to easily pay back any debts once they leave college because of the “good jobs” that they will get upon graduation.

Unfortunately, millions upon millions of our young people have discovered that the good jobs that they were promised simply do not exist.

We are also seeing other forms of debt rise to frightening levels in this nation.  The following comes from the New York Times…

Over all, Americans’ use of credit cards has recently been creeping up again: Household debt in the United States increased by $35 billion, to $12.29 trillion, during the second quarter of 2016, a 0.3 percent rise from the previous quarter that was driven by credit cards and auto loans, according to a report released on Tuesday by the Federal Reserve Bank of New York.

We often criticize the federal government for being 19.4 trillion dollars in debt, and rightly so, but let us not forget that U.S. households are 12.2 trillion dollars in debt.

We are a society that feels entitled to everything, and we are not afraid to go into debt to get it.  And unfortunately we have passed on this “entitlement mentality” to the next generation.

In a recent blog post, Jenna Abrams did an amazing job of describing the crisis that we are facing with our young adults today.  Here is an excerpt…

Today I asked my followers how would they describe Millennials and this is what I got: “lazy”, “thin-skinned”, “spoiled”, “selfish”, “undisciplined”, “self-absorbed”, ”fragile”, “oblivious”, etc. and I can agree on this. This generation is really what you call it. But there was one description that is the most accurate.  “Raised by neglectful, over-compensating for inadequacy, self-serving parents.”

You’re in charge. You insisted your children and grandchildren have to get higher education instead of taking a blue-collar job or just entering the workforce after school like your generation did. Most of you pay for that (often unnecessary) higher education. You are overprotective and prevent your children from playing outside and making mistakes you had a chance to make to gain that thick skin. You don’t let your 12-year-old kid stay at home alone because they are too young. And who is wrong when your child has a conflict at school? I bet you always blame the other side, not your “special snowflake”. And how you get surprised that the whole generation gets offended by facing the truth: they are not special. It must hurt, right?

This generation of young adults is the most “educated” in our history, and yet they also appear to be one of the least competent.  Just check out these numbers from CBS News…

Half of American Millennials score below the minimum standard of literacy proficiency. Only two countries scored worse by that measure: Italy (60 percent) and Spain (59 percent). The results were even worse for numeracy, with almost two-thirds of American Millennials failing to meet the minimum standard for understanding and working with numbers. That placed U.S. Millennials dead last for numeracy among the study’s 22 developed countries.

In the old days, our institutions of higher learning had exceedingly high standards and they demanded the best from students.  Today, our system of higher education is a joke, and many of our best colleges are more focused on political correctness and “safe spaces” than they are on preparing our young people for the harsh realities of the real world…

At Brown University – like Harvard, one of the eight elite Ivy League universities – the New York Times reported students set up a “safe space” that offered calming music, cookies, Play-Doh and a video of frolicking puppies to help students cope with a discussion on how colleges should handle sexual assault.

A Harvard student described in the university newspaper attending a “safe space” complete with “massage circles”that was designed to help students have open conversations.

We have raised a generation of overly-coddled, self-absorbed boys and girls that have never learned how to become men and women.  They don’t understand how things really work, and they are completely and utterly unprepared for the exceedingly difficult times that are coming.

And since our education system is completely and totally dominated by progressives, our young people have had decades of liberal propaganda pumped into their skulls, and the results are absolutely frightening.

For example, one survey discovered that 62 percent of Millennials say that they are “liberal”, and 42 percent of them say that they are “socialists”.

A different survey discovered that more than half of all U.S. adults under the age of 30 say that they reject capitalism.

If the coming election were to be determined by the Millennials, Hillary Clinton would win by one of the biggest landslides in U.S. history.  But of course she wouldn’t have even been the nominee for the Democrats, because Bernie Sanders would have crushed Clinton.

If something is not done, this is what the future of America is going to look like.

I don’t know about you, but to me that is a rather distressing thought.

Credit to Economic Collapse

Nukes At Incirlik Air Base At Risk of Seizure by Turkey Government

A Washington DC think tank has warned in a new report that American nuclear weapons stored at the Incirlik air base in southeastern Turkey are at risk of being seized by the Ankara government.

That is the conclusion reached by the Stimson Center, a nonpartisan Washington DC think tank dedicated to promoting “global peace and economic prosperity.”

The claim was made in a report issued by the group on Monday, entitled “B61 Life Extension Program: Costs and Policy Consideration.”

“Whether the U.S. could have maintained control of the weapons in the event of a protracted civil conflict in Turkey is an unanswerable question,” the center maintained in its report.

According to co-author Lacie Heeley, “it’s a roll of the dice to continue to have approximately 50 of America’s nuclear weapons stationed at Incirlik Air Base in Turkey.

“There are significant safeguards in place… But safeguards are just that, they don’t eliminate risk,” she told the AFP news agency. “In the event of a coup, we can’t say for certain that we would have been able to maintain control.”

In response, the Pentagon said in a statement, “We do not discuss the location of strategic assets. “The [Department of Defense] has taken appropriate steps to maintain the safety and security of our personnel, their families, and our facilities, and we will continue to do so.”



Thousands of members of the judiciary, police and military have been arrested in an ongoing purge taking place in the wake of a failed coup attempt in Turkey last month.

The government is also continuing its media crackdown on news outlets that appear to be critical of its policies in any way.

Authorities ordered the closing of 45 newspapers, 23 radio stations, 16 television channels and three news agencies this month. Arrest warrants were issued for 47 former employees and executives of Zaman, a media group accused of links to Fethullah Gulen, an elderly Turkish Islamic cleric in self-imposed exile in the United States.

Credit to jewishpress.com

http://www.jewishpress.com/news/breaking-news/us-group-says-nukes-at-incirlik-air-base-at-risk-of-seizure-by-turkey-government/2016/08/16/