Here Is The Stunning Chart That Blows Up All Of Modern Central Banking

Several years ago, when conventional wisdom dictated that to push inflation higher and jumpstart lethargic economies, central banks have to push rates so low as to make saving punitive and force consumers to go out and spend their hard earned savings, several central banks including the ECB, SNB and BOJ crossed into the monetary twilight zone by lowering overnight rates negative.

Then, year after year, we would hear from the likes of Kuroda and Draghi how the BOJ and ECB will continue and even extend their insane monetary policy, which now includes the purchase of 80% of all Japanese ETFs…

And yet, year after year, the BOJ would not only not hit its inflation target but appeared to drift ever lower, as did the ECB, SNB and any other bank that had gone NIRP, confounding all economists and central bankers: why was this happened if rates were negative? Why were consumers not taking their money out of the bank and spending it, pushing inflation higher?

Nobody had an answer, until in late 2015, we offered a glimpse into what was structurally flawed with this "model": using a report by Bank of America, we showed that not only had household savings rates not declined in countries with negative rates, they had in fact risen. There was a simple reason for this, as the BIS had highlighted: ultra low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain.

https://www.zerohedge.com/markets/here-stunning-chart-blows-all-modern-central-banking

Twitter Allows Looters to Coordinate Criminal Behavior While It Declares ‘#BlackLivesMatter’

Twitter is allowing its users to coordinate criminal behavior on the platform, with dozens of tweets identifying looting targets still on the platform despite the fact that the site was notified by concerned citizens. The company has however changed the description of its official account to “#BlackLivesMatter.”

A Twitter search for “Santana Row,” which is the name of a shopping district in San Jose, California, reveals dozens of Twitter users encouraging their followers to target and loot the district. Many of the tweets have been on the platform for days.

“let’s riot and raid Santana Row lol,” said one tweet, which was shared over 100 times.

“Next looting stop; SANTANA ROW IN SAN JOSE,” said another.

“Santana Row hasnt even issued a statement regarding everything going on when they are very active on social media. They deserve to get looted.”

“loot and protest santana row. EAT THE RICH,” said the same Twitter user.

Twitter was alerted of these tweets by Breitbart News more than 20 hours ago, and has taken no action.

In a comment a Twitter spokeswoman said “We’re taking proactive action on any coordinated attempts to disrupt the public conversation around this issue.” The spokeswoman did not describe the tweets as criminal.

It appears the company has other priorities — like changing the profile description on its official account, @Twitter, to “#BlackLivesMatter.”

https://www.breitbart.com/tech/2020/05/31/twitter-allows-looters-to-coordinate-criminal-behavior-while-it-declares-blacklivesmatter/

https://twitter.com/amazon/status/1267140211861073927

Mayhem in Santa Monica: Antifa, BLM Terrorists Loot Businesses, Man-Handle Woman, Beat Elderly Man in Broad Daylight

Antifa and Black Lives Matter terrorists began looting and terrorizing people in Santa Monica, California on Sunday.

Santa Monica is an upscale beach city in Los Angeles yet police officers took forever to respond as the left-wing terrorists looted businesses.

One terrorist man-handled a woman who was peacefully protesting the murder of George Floyd.

The mask-clad woman held up a sign that said “end violence now.”

Antifa grabbed the woman by her arm and tossed her.

An elderly man was beaten in broad daylight in the middle of the promenade.

A sneaker store was ransacked by Black Lives Matter thugs.

A BLM terrorist took a baseball bat to a jewelry store. “Get that jewelry store!” someone yelled as police officers arrived to the scene.

https://www.thegatewaypundit.com/2020/05/mayhem-santa-monica-antifa-blm-terrorists-loot-businesses-man-handle-woman-beat-elderly-man-broad-daylight-video/

Watch: The Purge 'Message' Blasts Over Loudspeakers As Rioters Torch Cars

It seems eerily appropriate at this point, but perhaps says more about how the demonstrators and rioters see themselves, as whole city blocks have turned lawless each night over the past days of George Floyd protests.

Video emerged days ago out of Minneapolis of crowds torching vehicles while blasting the familiar "siren" audio and "government message" from the dystopian horror series The Purge over a loud speaker.

“Any and all crime, including murder, will be legal for 12 continuous hours,” says The Purge recording in the video.

“Police, fire and emergency medical services will be unavailable until tomorrow morning at 7am when The Purge concludes,” the message continues.

“America, a nation reborn, may God be with you all,” the message says before the siren blares.

Ironically, law enforcement especially in Minnesota has come under intense criticism for seeming to withdraw as chaos engulfs the streets, even as frustrated and tearful business owners look on as their bars, restaurants, and retails stores burn to the ground.

https://www.zerohedge.com/political/watch-purge-message-blasts-over-loudspeakers-rioters-torch-cars

Two High-Powered Brooklyn Lawyers Arrested, Face Federal Charges After Hurling Molotov Cocktails into Police Vehicle

Attorneys Colinford Mattis and Urooj Rahman were arrested for tossing Molotov cocktails at a police vehicle.

Colinford Mattis works as a Corporate Associate at Pryor Cashman LLP | He’s a Problem Solver by Nature and a Lawyer by Training.

The Daily News reported:

Two high-powered lawyers, including an Ivy League corporate attorney were charged on Sunday with hurling Molotov cocktails into a police vehicle during the New York leftist riots this weekend.

Colinford Mattis, 32, a lawyer and member of Community Board 5 in East New York, was charged along with fellow attorney Urooj Rahman with the attempted attack on an empty police cruiser parked outside the 88th Precinct station house in Fort Greene.

“This is shocking news to me,” Andre Mitchell, president of Community Board 5 told the Daily News. “The allegation does surprise me because that doesn’t sound like him.”

The super of Rahman’s building called her “an angel” who recently lost her legal job.

I can’t believe it. I’m stunned,” said George Raleigh, the super of Rahman’s building in Bay Ridge. “This kid? She’s an angel.”

https://www.thegatewaypundit.com/2020/05/two-high-powered-brooklyn-lawyers-arrested-face-federal-charges-hurling-molotov-cocktails-police-vehicle/

Portland Mayor Tweets Excuses For Rioting, “Response To Years Of Systemic Injustice”

Portland vichy “mayor” Ted Wheeler took to twitter not to denounce or criticize the rioters, but to govsplain to the rest of us peasants why the rioters are rioting and why it’s not their fault. He excused the rioting as “a direct response to years of systemic injustice” and further lectured us in how “violent agitation… occurred with purpose and resulted in change.”

Wheeler also issued limp statements at a press conference on Saturday, as Willamette Week reports:

“I felt conflicted in many ways,” he said. “There was a pain that erupted into violence last night….What happened in Portland last night and across the country did not happen in a vacuum.”

“I don’t condone what happened in Portland last night,” Wheeler added. “I do not believe that violence or vandalism is the means to a political end….I don’t condone what happened in Portland last night, and I do not tolerate it. But there’s more, and here’s the important part of what is a deeply moral conflict. This isn’t just about damage or graffiti or fires or broken storefronts or lost product.”

He broke down in emotion while speaking about the failure of political institutions to protect black men.

As if Wheeler weren’t wacked out enough, his challenger for Mayor took it to another level, as the article continues:

Wheeler’s challenger in the fall election, Sarah Iannarone, went further than the mayor in criticizing police violence, directly naming black men who have been shot by Portland police.

“Violence perpetrated by those who are supposed to ‘protect and serve’ is not confined to other municipalities; it occurs here in Portland regularly,” she said in a statement. “These images remind us all of the deaths that have occurred in our city at the hands of the police, such as Quanice Hayes, Terrell Johnson, Kendra James, Keaton Otis, Aaron Campbell, Andre Gladen and too many more. These deaths must stop and should be the priority of our leaders.”

“This does not honor the victims nor reflect who we are as a community,” she said. “This destruction must end. But for it to end, we need visible leadership, deescalation, actual local reforms, and a sense of community that has been crumbling in recent years.”

Governor Kate Brown chimed in with this:

Perhaps Portland just needs more tolerance and understanding. Perhaps the city council will issue another resolution condemning white supremacy. Maybe they’ll say more sensitivity training is needed for the police.

https://www.thegatewaypundit.com/2020/05/portland-mayor-tweets-excuses-rioting-response-years-systemic-injustice/

Flash bangs & tear gas in Washington DC as crowds of protesters descend on White House

Tensions are running high in Washington, DC, where crowds of anti-police brutality protesters have converged on the White House once again. Sporadic clashes are taking place amid a heavy police presence in the area.

https://youtu.be/NlutS5xbqdw

https://www.rt.com/usa/490348-white-house-protesters-rally/