Sep 24

Wells Fargo Slammed With $2.6 Billion Lawsuit By Terminated Workers

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Sep 24

CAT sales LT


Caterpillar slashes revenue forecast, cutting up to 10,000 jobs:

Caterpillar Inc (CAT.N) slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn.

Shares of Caterpillar tumbled as much as 8 percent to a five-year low, pulling down the sector and knocking as much as 37 points off the Dow Jones industrial average .DJI. Continue reading »

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Sep 24

Deutsche is “too big to save”.

Continue to prepare for the coming collapse.

This mess has been caused by former Deutsche CEO, Bilderberg & Rothschild puppet Josef Ackermann.

Josef Ackermannjosef-ackermann

Mission accomplished!

Most Germans have no idea what is about to hit them.

The Rothschilds are about to totally destroy Germany (and not just Germany, but especially Germany) and much, much worse than a financial collapse is coming.


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Full article here:

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?:

The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend.

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Sep 24

The Global Financial System Is Here - Collapse

H/t reader squodgy:

Massaging and Fudging Statistics has always been a wonderful way to hide the truth or simply deceive the people.

Here’s an example. World trade in finished goods is trundling along at the bottom, fact.

Put that on a graph and it shows how the picture is following the 2008 financial collapse, which was a rehearsal.

Remove the 2007-2009 sector of the graph, as they have done here, and the current stagnation is a mere hiccup, not a harbinger. There is a steady trend downward and they are reaching the stage where it can no longer be hidden.

Move along, nothing to see here, move along. The truth has been corrected.

World Trade Grinds Lower, Hits 2014 Levels

Recession Watch: US Freight Drops to Worst Level since 2010, “Excess of Capacity” Crushes Rates

Why Hanjin’s Zombie Collapse Won’t Be the Last One:

China Containerized Freight Index remains near record low.

Similarly, the well known BDI which tracks future shipping freight bookings, is still in the doldrums although it is slightly better than at the beginning of the year, but so it should be, we’ve just had summer, but look at the 6 year graph and it is stagnant, look at the 3 month graph and the recovery looks marvellous, but that is bullshit because it is still only trundling along the bottom. Statistical massaging & fudging.

https://www.quandl.com/data/LLOYDS/BDI-Baltic-Dry-Index 6 years

Finally, the best barometer for infrastructure activity is Caterpillar, and even Rothchild’s Reuters can’t offer anything here, they are cluthching at straws while not facing the truth, we are just too much in debt.

Caterpillar slashes revenue forecast, cutting up to 10,000 jobs

economic-collapse-consequence

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Sep 24

H/t reader squodgy:

“Has anybody else noticed how ALL the media, both the Mainstream and the Alternative have been duped into reporting crap…Charlotte, Brad & Angelina, stupid immigration rants, Election nonsense lies and so on, whilst this….

UN fears third leg of the global financial crisis – with prospect of epic debt defaults

and this…

U.S. Coalition Intelligence “Operations Room” Inside Syria, Destroyed by Russian Missile Attack: Thirty Israeli, American, British, Turkish, Saudi, Qatari Intelligence Officials Killed, Report

are totally ignored.

The smokescreening and deliberate downplaying of the lead in to both the WWlll & Global Economic & monetary collapse should be ringing bells everywhere but it bullshit as usual.

So, what is the panel’s opinion on Brad’s alleged cruelty?”


unitednations
The world is the target.

UN fears third leg of the global financial crisis – with prospect of epic debt defaults:

The third leg of the world’s intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history.

It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.

“Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out,” said the annual report of the UN Conference on Trade and Development (UNCTAD). Continue reading »

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Sep 23

… and to turn Europe into Syria.


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Sep 23

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Sep 22

psomianamoni

Bakers Unite As Increasing Number Of Poor Greeks Can’t Even Afford A Loaf Of Bread:

Almost a year after Greece surrendered into the arms of the international lenders and the International Monetary Fund and the austerity cuts started to affect people’s lives. One Greek explains the dismal reality of everyday life for many…

Did you know that there are people in Greece who cannot afford to buy even a loaf of bread at a cost of €0.60 – €0.70?

A bakery in our neighborhood was offering a bread at a special price for pensioners and unemployed. The special price was just half a euro.

At one point, I remember that more and more people were going to this bakery and asking for bread from the previous day for a couple of cents or even free of charge.

Two days ago, the grim Greek reality hit me again. I was at the bakery sometime at noon. All different kinds of bread loafs were waiting for customers, nicely set in order, one by one, next to each other.

Yet, somewhere, in a corner at one of the lower shelves there was a group of breads: several loaves, long and round, white and wholewheat,  a couple of baguettes.

“What are these?” I asked the baker and he answered “This is bread from yesterday, for the poor. We give it free of charge.” Continue reading »

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Sep 22

$195 Billion Asset Manager: “The Time Has Come To Leave The Dance Floor”:

When the supposed solutions to the Fed’s dilemma are merely new “problems,” you know you are approaching the cycle’s end… long-term investing is predicated on not just knowing where the happening parties are during the reflationary parts of the cycle but more importantly, knowing when the time has come to leave the dance floor. In our view, that time has already come.”

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Sep 22

The next two Fridays, Sep. 23 and especially Sept. 30, have a huge potential for a crash.

I would say it is a good idea to always go shopping and stocking up on everything on Thursdays.

Flashback:

SUPER SHEMITAH: Elite’s Jubilee Year Plan To Crash World Economy By October 2016 (Video)

The Jewish New Year starts on Oct. 3 and this is the beginning of the Hebrew Year 5777, the year of “Armageddon”.

TPTB have until October 12 (Yom Kippur 2016, which begins in the evening of Tuesday, October 11 and ends in the evening of Wednesday, October 12.) to make “something” happen.

Expect a market crash. (They could even come up with something extreme like nuking Manhattan.)


21.09.2016

FBI searching for two other individuals that might have seen the FBI plant the explosives. US Government pushing race wars in Charlotte NC.US and South Korea are practicing on how to attack a nuclear facility. Russia contacted the US twice about the attack on Syrian forces. Russia shows a terrorist vehicle riding along side the humanitarian aid convoy. Russia also reports the US had a drone in the air. Russia wants an impartial investigation into what happened. Turkey will extend the war in Syria. Russia has changed the rules of engagement, any plane that approaches and attacks Syria is fair game. John Kerry pushes the agenda of a no fly zone in Syria.

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Sep 22

In Dramatic Twist, Wells Fargo Said To Retaliate, Fire Whistleblowers Who Exposed Bank’s Illegal Practices:

Wells Fargo admitted to firing 5,300 employees for engaging in illegal, fraudulent tactics. Now, CNN is reporting that it spoke with numerous former Wells Fargo workers around the country who tried to put a stop to these illegal tactics. Almost half a dozen workers who spoke with us say they paid dearly for trying to do the right thing: they were fired.

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Sep 22

Thursday Humor: Initial Jobless Claims Hit 43 Year Lows

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Sep 22

The next two Fridays, Sep. 23 and especially Sept. 30 have a huge potential for a crash.

Maybe it is a good idea to always go shopping and stocking up on everything on Thursdays.

Flashback:

SUPER SHEMITAH: Elite’s Jubilee Year Plan To Crash World Economy By October 2016 (Video)

The Jewish New Year starts on Oct. 3 and this is the beginning of the Hebrew Year 5777, the year of “Armageddon”.

TPTB have until October 12 (Yom Kippur 2016, which begins in the evening of Tuesday, October 11 and ends in the evening of Wednesday, October 12.) to make “something” happen.

Expect a market crash. (They could even come up with something extreme like nuking Manhattan.)


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Sep 22

Sep 14, 2016

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Sep 22

Multi-Billion Tiger Cub Says “The Biggest Correction Since The 2008 Crisis” Has Begun:

Tiger cub Robert Citrone said “we believe we are in the midst of the market correction we have been expecting,” adding “It will likely persist over the next 3-4 months and be the largest correction since the 2008 crisis.”

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Sep 21

And again …

Deutsche is to big to save, thanks to former CEO, Bilderberg & Rothschild puppet Josef Ackermann.

Josef Ackermannjosef-ackermann

Continue to prepare for collapse, the greatest financial/economic collapse in world history, accompanied by hyperinflation, civil war and revolution.


“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt:

While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank’s multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the “n“-word tossed around in an official German publication: as Germany’s top financial newspaper, Handelsblatt said, “German financial officials reacted with shock and dismay to the leaking of a U.S. government demand for a $14 billion fine against Deutsche Bank, which may ultimately need a state bailout to pay the bill.

Some more details from the article titled “Deutsche Bank in New Existential Crisis“: Continue reading »

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Sep 21

Deutsche is to big to safe, thanks to former CEO, Bilderberg & Rothschild puppet Josef Ackermann.

Josef Ackermannjosef-ackermann


Could Germany Ever Allow Deutsche Bank To Go Under?:

Via Golem XIV blog,

Deutsche Bank, one of Europe’s behemoths, is in very deep trouble having lost 90% 0f its share price value since 2007, has been falling sharply all this last year (48% loss this year) and, with its $42 Trillion in Derivatives exposure was singled out by the IMF, as the bank which ,

“appears to be the most important net contributor to systemic risks…”

Of course Deutsche agues the standard ‘derivatives-aren’t-a-problem’ line, that this 42 trillion all nets out and their real exposure is a fraction of that vast figure. Which is fine as long as you think that in the event of Deutsche coming unstuck, 42 trillions-worth of derivatives contracts can be held in abeyance for the time it would take for all those contracts to be netted out.  As I’ve said before netting out is akin to getting a rowing boat full of people to all change places  without the boat overturning. Continue reading »

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Sep 21

Martin Armstrong On “The Coming Dark Age”

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Sep 21

Metals Producer Is China’s First State-Owned Company To Liquidate In Bankruptcy:

After a struggle to repay its debts since 2015, Guangxi Nonferrous Metals Group, a regional Chinese state-owned metal producer, has finally been declared bankrupt by a Chinese court, becoming the country’s first interbank bond issuer to fail. It is also China’s first bankruptcy case in which a state-owned company has liquidated

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Sep 21

H/t reader squodgy:

“Hypocrisy finds new levels.”


Boeing Can Now Sell Aircraft to Iran:

Boeing has received a license to sell jets to Iran, the company announced.

WASHINGTON (Sputnik) — US multinational aircraft corporation Boeing has received a license to sell jets to Iran, the company announced in a statement on Wednesday.
“We have received that license and remain in talks with Iran Air based on the MOA [Memorandum of Agreement],” Boeing said. “Any final sales agreement would have to adhere to the license we’ve been issued.”

In March, the US Department of the Treasury announced that the United States has issued a general license authorizing US persons to enter into contacts to sell commercial passenger aircrafts, parts and services to Iran. Continue reading »

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Sep 20

Soros

Soros Is “Investing” $500 Million In Europe’s Refugees And Migrants: He Explains Why:

Confirming once again that he is the silent puppet master behind Europe’s refugee crisis, overnight billionaire investor, and stalwart Hillary Clinton supporter, George Soros said in an opinion piece in the Wall Street Journal that he would invest $500 million to meet the needs of migrants and refugees.

Soros’ investment comes in response to the Obama administration’s “Call to Action” initiative, asking U.S. companies to help ease the migrant crisis. Soros, founder of the Open Society Foundations, also said he plans to work closely with the Office of the United Nations High Commissioner for Refugees and the International Rescue Committee to guide his investments.

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The announcement will hardly come as a surprise to regular readers. Continue reading »

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Sep 20

chinese-money-public

The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent:

The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late. Continue reading »

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Sep 20

“We Haven’t Seen This Since The Great Depression” – Gallup CEO Destroys The “Recovery” Lie:

By Jim Clifton, Chairman and CEO at Gallup

The Invisible American

I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don’t think it’s true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

cok4xqznpkmftiig_uaj3g_0

Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate. Continue reading »

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Sep 20

Elizabeth Warren Slams Wells’ CEO Stumpf: “You Should Resign, You Should Be Criminally Investigated”:

You should resign, you should give back the money you made while this scam was going on, and you should be criminally investigated by the Department of Justice and the Securities and Exchange Commission. The only way Wall Street will change is if executives face jail time when they preside over massive frauds.

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Sep 20

Microsoft Announces $40BN Share Buyback 1 Month After Its Largest Bond Offering Ever:

Just 1 month after completing its largest bond offering ever, Microsoft has announced the approval of an incremental $40BN share repurchase equal to roughly 9% of its outstanding shares.

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Sep 20

“The looming demographic crisis continues to look more and more bleak as we get closer to the Baby Boomer cliff with Americans refusing to save money all while Social Security continues its march towards insolvency.”


Retirement Crisis Looms As Average U.S. Household Has Saved $2,500 For Retirement

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Sep 20

Italy’s PM Unloads On Deutsche Bank’s Unfixable Problem: “Hundreds And Hundreds Of Billions Of Derivatives”:

While Italy’s prime minister Matteo Renzi may be wrong about almost everything else, he is right about the elephant in the room: Deutsche Bank’s “hundreds and hundreds and hundreds of billions of euros of derivatives.” €42 trillion to be precise.

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Sep 19

“Panic Gasoline Buying” In Southeast Leads To “Massive Lines”, Gas Shortages, Price Gouging

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Sep 19

Deutsche Bank Extends Losses Near Record Lows: “Significantly Undercapitalzied… Even Without Bad Outcomes”

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Sep 19

sarepta

Source

H/t reader kevin a.

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