On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what happened in Japan. The Nikkei was down a staggering 918 points, but that stock crash made very few headlines in the western world. If the Dow had crashed 918 points today, that would have been the largest single day point crash in all of U.S. history. So what just happened in Japan is a really big deal. The Nikkei is now down 23.1 percent from the peak of the market, and that places it solidly in bear market territory. Overall, a total of 16.5 trillion dollars of global stock market wealth has been wiped out since the middle of 2015. As I stated yesterday, this is what a global financial crisis looks like.
Just as we saw during the last financial crisis, the big banks are playing a starring role, and this is definitely true in Japan. Right now, Japanese banking stocks are absolutely imploding, and this is what drove much of the panic last night. The following numbers come from Wolf Richter… Continue reading »
There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let’s start with Deutsche Bank. The stock of the most important bank in the “strongest economy in Europe” plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and Deutsche Bank credit default swaps are going parabolic. Of course my readers were alerted to major problems at Deutsche Bank all the way back in September, and now the endgame is playing out. In addition to Deutsche Bank, the list of other “too big to fail” banks in Europe that appear to be in very serious trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas. Just about every major bank in Italy could fall on that list as well, and Greek bank stocks lost close to a quarter of their value on Monday alone. Financial Armageddon has come to Europe, and the entire planet is going to feel the pain. Continue reading »
Anchorage, AK — An alarming photograph of a McDonald’s chicken McNuggets Happy Meal left to sit unrefrigerated and untouched for six years recently went viral on social media.
“It’s been 6 years since I bought this ‘Happy Meal’ at McDonald’s,” Jennifer Lovdahl posted on Facebook. “It’s been sitting in our office this whole time and has not rotted, molded, or decomposed at all!!! It smells only of cardboard.” Continue reading »
United States of America — Bernie Sanders recently appeared on CBS’s Face the Nation to discuss the 2016 presidential election and the fight between his campaign and former Secretary of State Hillary Clinton’s. CBS host John Dickerson gave Sanders an opportunity to explain how he differs from Clinton.
He stated, “On the most important foreign policy issue in modern history, the war in Iraq, I voted against the war. I led the opposition against the war. On the other hand, Secretary Clinton voted for the war.” Continue reading »
Zika: the ideal fake epidemic to stir “need” for airborne vaccination: “we must do something to stop the spread of the virus”
No need to mandate shots: release mosquitoes to deliver them
by Jon Rappoport
February 9, 2016
(To read about Jon’s mega-collection, Power Outside The Matrix, click here.)
People are discussing whether genetically engineered mosquitoes could have spread Zika, the virus that causes nothing. Rather, look to the future, when such biting mosquitoes could deliver flying vaccinations against the virus that causes nothing. Continue reading »
“Medical CIA” provides the cover story
by Jon Rappoport
February 8, 2016
(To read about Jon’s mega-collection, The Matrix Revealed, click here.)
There several reasons I keep writing about the “Zika phenomenon.” One is: I want to reveal the playbook. I want to show how this covert op distracts people from the real ongoing damage caused by other factors.
Two quick background stories: Continue reading »
Explosive: The invention of an epidemic
by Jon Rappoport
February 7, 2016
(To read about Jon’s mega-collection, Power Outside The Matrix, click here.)
This is an article that explains a great deal—but, with apologies, it involves a line of reasoning, in order to reach a conclusion. That means some readers (not my regular readers) may find it odd. Some readers with short attention spans may suddenly want to switch to a wrestling show or a shopping network. To them I say: give this a try; it does have a payoff; it has its own kind of shock and surprise; explosions do go off in the mind; it is like a ten-car pile-up on the interstate in the fog, late at night; and there is a very nasty plot. Continue reading »
Another episode in my ongoing series, Science from Habitual Liars
by Jon Rappoport
February 5, 2016
(To read about Jon’s mega-collection, Exit From The Matrix, click here.)
Part 1: the planes
Bloomberg News, February 4, “U.K. to Spray Planes on Routes From Zika-Affected Countries”:
“The U.K. is to order airlines flying from countries affected by the Zika virus, which has been linked with birth defects, to spray insecticide inside plane cabins.”
Step up and get your insecticides right in the face. Board a plane flying out of any “Zika-infected” country heading for the UK, and you can inhale toxic fumes in the comfort of your own enclosed cabin. Watch any disoriented mosquitoes who might be accompanying your flight drop to the carpet, squirm, and die. More entertaining than a movie on that annoying tiny screen. And you can experience the thrill of skin-rash, nausea, dizziness, fainting. Hey, pay the ticket, take the ride. It’s a party. Continue reading »
09/02/2016 – LEVERKUSEN, Germany – Mass brawl after migrant teenage sex assault
Dozens of locals moved to defend a 19 year old girl after she was groped on bottom by a “North African” male which led to a mass brawl. Police were deployed to the suburb and ordered all bars in the area to close early to head off the possibility of further violence. The violence, in which migrants pulled knives after being told to leave the local women alone, took three hours to be settled by officers.
Local bar owners expressed frustration over being forced to close early on one of their busiest trading days of the year, with one landlord expressing to the Kölner Stadt-Anzeiger that the crowd in her establishment were good natured and they had nothing to do with the fighting.
09/02/2016 – GRODITZ, Germany – Footballers beaten with iron bars
A group of 20 “North Africans armed with iron bars” chased and beat up a group of amateur footballers at the weekend reports the Sächsische Zeitung. The players were leaving a sports hall, having taken part in an indoor football tournament on Saturday night when the men struck, with two players seriously injured. The attack reportedly took place nearby a migrant hostel.
09/02/2016 – Norway – Children raped in migrant centres
Under-18 migrants living in Norwegian asylum centres are being sexually abused, with the criminal investigation police admitting they have no idea how deep the problem runs, reports Klassekampen. The children are not just being raped and assaulted by their fellow asylum inhabitants, but the centres are being visited by known sex offenders.
Following this morning’s proclamation by Deutsche Bank co-CEO John Cryan that Germany’s largest bank is “rock solid,” David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago…
“in my experience is that when the crunch comes, bank CEOs lie”
Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming…
“I don’t trust Deutsche Bank. I don’t trust what they’re saying. And there’s reason why the banks are being sold all across the world… because people are realizing once again that we don’t know what’s there [on bank balance sheets].”
The Swedes are aggravated with Mid-East migrants.
With the highest per capita rate of sheltered asylum seekers in Europe, Sweden has become something of a poster child for migrant mischief.
In the wake of the sexual assaults that swept the bloc on New Year’s Eve, the world is suddenly focused on Sweden, where some say police conspired to cover up a series of attacks that allegedly occurred in central Stockholm’s Kungsträdgården last August and where a 22-year-old aid worker was recently stabbed to death by a Somali migrant. Continue reading »
Narayana Kocherlakota is a funny guy.
Before abdicating his post at the Minneapolis Fed to former Goldmanite/TARP architect Neel Kashkari, Kocherlakota was the voice of Keynesian “reason” for the FOMC.
Although his pronouncements never measured up to the power of the Bullard, Kocherlakota did call on a number of occasions for MOAR dovishness, noting that if the US economy were to decelerate (which it has), more asset purchases may be warranted. Continue reading »
With Deutsche Bank credit risk exploding and stock price collapsing to record lows, despite the CEO’s “rock solid” affirmations, there is only one way to know just how real a crisis this is… when government officials issue ‘denials’.
German Finance Minister Wolfgang Schaeuble says he isn’t worried about Deutsche Bank.
“No, I have no concerns about Deutsche Bank,” Schaeuble says Continue reading »
Moments ago, in response to DB’s open querry on Twitter whether the Dax is “overreacting”, we highlighted DB’s soaring CDS and asked if perhaps the market was not underreacting.
Minutes later the market opined, by sending DB stock to new all time lows.
“Worse than Lehman…”
With just eight words she exposed everything that’s wrong with the deal, and why it needs to be defeated
I was recently granted a rare glimpse behind the official façade of the EU when I met with its Trade Commissioner in her Brussels office. I was there to discuss the Transatlantic Trade and Investment Partnership (TTIP), the controversial treaty currently under negotiation between the EU and the USA. Continue reading »
Heinz, the well-known family favorite ketchup brand, has been banned in Israel because it does not contain enough tomato solids. Israel’s health ministry has said that it does not contain enough paste to be classed as ketchup.
The decision came after the biggest ketchup rival in Israel launched a campaign against Heinz, asking for the definition of ketchup to be changed. The world famous brand has been demoted to “tomato seasoning” – despite selling almost two million bottles around the world every single day. Continue reading »
The heroes’ bravery has not been officially acknowledged as Tory ministers lean on defence chiefs not to acknowledge the secret ground war
Three elite British troops were hurt under fire from Islamic State thugs during a top-secret mission in Iraq.
But the heroes’ bravery has not been officially acknowledged as Tory ministers lean on defence chiefs not to acknowledge the secret ground war being fought by our special forces in Iraq and Syria . Continue reading »
One could make a case that everything is just a “liquidity problem”.
“So back to the original question WHAT NEEDS TO BE DONE. Simple? Recognize the problem. It is not oil, it is not in the banks..it is a run on central bank liquidity, especially dollar based and there needs to be much more ($) liquidity…. Cash shd be charged interest — put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving.” Continue reading »
As we reported yesterday, in one of the most surprising developments involving the Syrian proxy war, Saudi Arabia and U.S. presence on the ground, the latest twist is that both Turkey and Saudi Arabia are now mulling a full-scale invasion while Russia and the Syrian government continue their progress in wiping out the US and Saudi-funded rebellion. To be sure, there was confusion when CNN Arabia reported first that the Saudis may send as much as 150,000 troops into Saudi Arabia, by way of Turkey, something which Anadolu news promptly denied.
However, the denial itself was softly denied by the Saudi Press Agency, which further stirred the water earlier today when it reported that not only is Saudi Arabia ready to send a special force to fight in Syria, but that this deployment was proposed by the US, which would oversee the Saudi troops as part of the US-led coalition in Syria. To wit:
- AL JUBEIR SAYS U.S. PROPOSED GROUND FORCE DEPLOYMENT: SPA
- SAUDI FORCE WOULD FIGHT AS PART OF U.S.-LED COALITION: SPA
- SAUDI MINISTER SAYS SENDING GROUND FORCE UNDER DISCUSSION: SPA
- SAUDI ARABIA READY TO SEND SPECIAL FORCE TO FIGHT IS IN SYRIA Continue reading »
“Absolutely rock solid?” …
… like the molten granite found below the foundations of the Twin Towers?
Yesterday’s desperate scramble by Deutsche Bank to comfort markets about its liquidity position worked, for about three hours. And then, the bank which really should just keep its mouth shut, did the opposite and reminded an already panicked market just how “serious” things are, in the parlance of Jean-Claude Junkcer, when in an internal memo, the CEO assured his workers that:
- DEUTSCHE BANK CEO: CAP STRENGTH, RISK POSITIONS ’ROCK SOLID’
That was the good news. The bad news:
- DEUTSCHE BANK TO INFORM STAFF IN COMING WEEKS ABOUT COST CUTS
Here is the full note released from DB CEO Cryan: Continue reading »
Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.
As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid of multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.
Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.
We’re all going to suffer… I can think of very few places that won’t suffer. But most people are going to suffer the next time around.
Central banks will panic. They will do whatever they can to save the markets. Continue reading »
Just when we said DB should probably keep its mouth shut, the bank that everyone is suddenly very focused on decided to take to Twitter with the following rhetorical question:
— Deutsche Bank (@DeutscheBank) February 9, 2016
Well, judging by this…
… the markets are probably underreacting.
Wait until this blows up …
The echoes of both Bear and Lehman are growing louder with every passing day.
Just hours after Deutsche Bank stock crashed by 10% to levels not seen since the financial crisis, the German behemoth with over $50 trillion in gross notional derivative found itself in the very deja vuish, not to mention unpleasant, situation of having to defend its liquidity and specifically assuring investors that it has enough cash (about €1 billion in 2016 payment capacity), to pay the €350 million in maturing Tier 1 coupons due in April, which among many other reasons have seen billions in value wiped out from both DB’s stock price and its contingent convertible bonds which are looking increasingly more like equity with every passing day.
DB did not stop there, but also laid out that for 2017 it was about €4.3BN in payment capacity, however before the impact of 2016 results, which if recent record loss history is any indication, will severely reduce the full cash capacity of the German bank.
If there’s anything we’ve learned over the past twelve months it’s that Turkish President Recep Tayyip Erdogan is prepared to employ all manner of nefarious tactics in order to preserve his grip on power in Ankara.
Following unfavorable election results last June, Erdogan plunged the country into civil war be restarting a long simmering battle with the PKK and proceeded to crack down on journalists and anyone else critical of the ruling AKP. Ultimately, new elections were called and AKP put up a stronger showing, effectively paving the way for Erdogan to rewrite Turkey’s constitution and install an executive presidency.
But Erdogan’s bullying isn’t confined to his domestic political agenda. Greek media has obtained an internal memo which suggests the Turkish strongman effectively blackmailed the EU by demanding cash payments in exchange for efforts to curb the flow of migrants into Western Europe. “We can open the doors to Greece and Bulgaria anytime and we can put the refugees on buses,” Erdogan allegedly said, on the way to demanding $3 billion per year in aid.
Read more below. Continue reading »
“What’s going on in Syria can only go on for so long. At some point it has to change,” Turkish President Recep Tayyip Erdogan told reporters on a plane back to Turkey from Latin America over the weekend.
As we’ve documented extensively over the past several days, Ankara, Riyadh, and Doha have their backs against the wall when it comes to the effort to oust Bashar al-Assad and perpetuate Sunni hegemony in the Arabian Peninsula.
Hezbollah has surrounded Aleppo and their advance is backed by what’s been described as an unrelenting Russian air campaign. The rebels’ supply lines to Turkey have been cut and without a direct intervention by either the US or the Gulf states, the battle for Syria will have been lost for the opposition which pulled out of peace talks in Geneva citing the ongoing aerial bombardment by Moscow. Continue reading »
Do you remember how much stocks went down when the first dot-com bubble burst? Well, it is happening again, and tech stocks are already down more than half a trillion dollars since the middle of 2015. On Friday, the tech-heavy Nasdaq dropped to its lowest level in more than 15 months, and it has now fallen more than 16 percent from the peak of the market. But of course some of the biggest names have fallen much more than that. Netflix is down 37 percent, Yahoo is down 39 percent, LinkedIn is down 60 percent, and Twitter is down more than 70 percent. If you go back through my previous articles, you will find that I specifically warned about Twitter again and again. Irrational financial bubbles like this always burst eventually, and many investors that got in at the very top are now losing extraordinary amounts of money.
– Experts: Formaldehyde is spewing from massive LA gas leak — “Very dangerous for public”… methane turning into embalming fluid — Can make your body “start digesting itself” — Company knows this is happening and should warn us… Obviously they don’t want you to know about it (VIDEO):
Robert F. Kennedy Jr., Jan 22, 2016 (emphasis added): “One thing I happen to know about — and I can’t make any claim about it now — but I know this. Methane, when it’s exposed to sunlight, can produce as a by-product formaldehyde… Southern California gas knows that too… it transforms — when it’s subjected to sunlight — to formaldehyde. SoCalGas knows that, and they ought to be straight about it. They ought to be telling us… but they’re not.”
Report by the law firms of Morgan & Morgan, Panish Shea & Boyle, Kennedy & Madonna, and R. Rex Parris, Dec 16, 2015: Experts have stated that the gas emitted in the blowout contains mostly methane [which] can oxidize in the atmosphere [and] turn into formaldehyde. Formaldehyde can cause hypothermia, asphyxiation, and acidosis… Acidosis is a condition in which your body starts to digest itself. Continue reading »