Feb 25

Barclays Server Crash Leaves Customers Unble To Withdraw Cash, Use Debit Cards

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Feb 23

Unpayable debts and an existential EU financial crisis – are eurozone central banks still solvent?

H/t reader Squodgy.

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Feb 21

Really??? Wow, those guys must have studied economics to come to such brilliant conclusions.


Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending”:

“It is possible that continuing rises in indebtedness, partly as a result of low interest rates, increase the fragility of household balance sheets. If so, then at some point in the future, households having decided that they had borrowed too much, might cut back consumption sharply, hurting the overall economy.”

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Feb 21

Imagine my total absence of shock!

Told you that Trump, like Killary, is an elite puppet and both are serving the same masters.

Not only are both using an enormous amount of satanic Illuminati & Masonic hand signs, …

… they are both (just like Obama) use language to program the subconscious mind and I’ve exposed these techniques before, using Obama as example.

About time some more people expose these bloody Khazars …


Here is my commentary from another article for those who haven’t seen this yet:

Continue reading »

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Feb 20

“Seriously Delinquent” Auto Loans Surge:

Bank regulators have been warning, now it’s happening.

H/t reader squodgy:

“Deja-vu…..but now it’s sub prime Auto Loans.”

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Feb 20

Banks ending cash to establish big brother world government – Jim Rogers

H/t reader squodgy:

“We know this, but they’ll never kill barter, and then enterpreneurs will act as cash converters. Same old same old.”

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Feb 16

Greek Bank Run Re-accelerates: Massive Deposit Withdrawals Despite Capital Controls

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Feb 15

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Feb 15

The Globalists Strike Back With A Major Push Toward A Cashless Society

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Feb 14

Bank Stocks, Dollar, & Yields Surge After Yellen Warns “Waiting Too Long To Hike Is Unwise” – Speech Highlights And Live Feed

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Feb 14

Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

H/t reader kevin a.

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Feb 13

And what could possibly go wrong?


Global Shipping Meltdown Mauls German Banks, Retail Investors, Taxpayers:

Germany holds 25% of global shipping loans as industry collapses.

H/t reader squodgy.

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Feb 13

Austria gets its first bitcoin digital currency ‘bank’

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Feb 08

Seattle Just Divested Billions From Wells Fargo Over Dakota Access Pipeline:

By: J. Gabriel Ware James Trimarco  From: Common Dreams

The movement to stop the controversial Dakota Access pipeline through financial activism took an important step forward today, as the Seattle City Council voted 9-0 to approve a bill that terminates a valuable city contract with Wells Fargo. The bank, one of the largest in the United States, has provided more than $450 million in credit to the companies building the pipeline.The move makes Seattle the first city to divest from a financial institution because of its role in the Dakota Access pipeline, a $3.8 billion project that would run from western North Dakota to Illinois, and is fiercely opposed by the Standing Rock Sioux Tribe. Wells Fargo is one of 17 banks directly financing the project. Continue reading »

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Feb 07

06.02.2017

H/t reader squodgy:

“Webbot. ATM’s JIT & Cash….. = chaos

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Feb 07

Bank of England policymaker hints higher interest rates may be needed for ‘star performer’ UK:

Interest rates may need to rise “soon” to keep a lid on inflation if the UK economy continues its “remarkably solid and stable” performance, according to a top Bank of England policymaker.

Kristin Forbes will use a speech in Leeds on Wednesday to say signs of an imminent slowdown in the economy are “as yet few and far between” as she describes the UK as a “star performer” relative to other major advanced economies.

Policymakers upgraded their forecasts for growth over the next three years in the Bank’s February Inflation Report and said the unemployment rate was likely to remain below its pre-crisis levels for the rest of the decade. Continue reading »

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Feb 05

Bilderberger George Osborne appointed Mark Carney (Freemason, Goldman Sachs, Bilderberger) to be governor of the Bank of England.

H/t reader squodgy:

“Classic Poacher turned Gamekeeper.

Can you believe this man?

As a senior cog in the Bank that co-ordinated, mastered and milked the sub-prime debacle of lending money to unworthy risk borrowers, then fed off the QE process, he is now telling the lenders (while interest rates are still rock bottom) that they are lending too much…..

Unbelievable.”


Low rates may spark reckless borrowing, admits Carney: Bank chief says he is ‘fully aware’ of the risks of the policy:

  • Bank of England Governor Mark Carney was speaking last night in London
  • Called low interest rates – 0.5 per cent since 2009 – a ‘tremendous burden’

Ultra low interest rates could damage the economy by encouraging excessive household borrowing, Mark Carney admitted last night.

The Governor of the Bank of England also said he is ‘fully aware’ the policy is not without considerable risks, putting ‘a  tremendous burden’ on the Bank as it battles to restore the economy to health.

Speaking at the Mais Lecture in the Cass Business School in London, Mr Carney warned: ‘An environment of relatively low and predictable interest rates could encourage excessive risk taking in financial markets and by households. Continue reading »

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Feb 04

How The IRS Can Empty Your Bank Account Without Warning:

Having just filed his 2016 taxes, a Zero Hedge reader submits the following bizarre story.

On January 20, the reader filed his Federal tax return using Tim Geithner’s favorite TurboTax software, which the IRS formally accepted three days later, on January 24. One week later, on January 31, the IRS made an automatic deposit into the reader’s bank account, who then used the refund to pay down his credit card debt the very next day.

This is when things turned bizarre, because as our readers writes, just two days later, without warning, on orders of the IRS his bank empties out the bank account handing over its contents to the IRS:

the IRS emptied our bank account February 3, 2017 for erroneous refund with no notice! (please see attached letter). Continue reading »

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Feb 03

Trump Signs Executive Orders Rolling Back Dodd-Frank, Fiduciary Rule:

As previewed earlier today, moments ago President Trump signed two executive orders aimed at starting the process of rolling back the regulatory system put in place after the financial crisis.

Among the targets are rules that protect against predatory lenders, force brokers to lower fees for retirees and ban proprietary trading. Specifically, Trump took executive action ordering the review of Dodd-Frank rules enacted after 2008 financial crisis, and halting the “fiduciary rule” that would require advisers on retirement accounts to work in the best interests of their clients.

Wall Street CEOs such as Lloyd Blankfein and Jamie Dimon, tired of being constrained from blowing up the financial world with undue government regulations and relying almost entirely on NIM which stubbornly refuses to rise, have been pushing for changes for years, arguing that the industry has been too constrained by the system put in place by the 2010 Dodd-Frank Act. After Trump focused on limiting trade and immigration during his first two weeks in office, policies opposed by many in the financial industry, the president’s stroke of a pen unleashes a process to undo many of the rules they find most “irksome” as Bloomberg put it.

“We’re going to attack all aspects of Dodd-Frank,” Gary Cohn, former Goldman president director of the White House National Economic Council, said Friday in an interview with Bloomberg Television. “We are going to engage the House, we’re going to engage the Senate. They are equally interested in reforming some of the regulatory processes as well. We can do quite a bit without them, but the more help we get from Congress the better off we’re all going to be.”

Meanwhile, Elizabeth Warren – rightfully according to some – lashed out at Trump for rushing to undo the key Wall Street regulations, and issued a statement in which she said “The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis.Continue reading »

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Jan 28

War on Cash ALERT — EU Now Pushing “Restrictions on Payments in Cash”:

In the most far-reaching move toward a cashless society to date, the European Commission proposed enforcing “restrictions on payments in cash” under an all-too-familiar premise — because terrorism.

“Payments in cash are widely used in the financing of terrorist activities,” the Commission’s proposal states. “In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold.”

On the heels of the European Central Bank’s discontinuation of the €500 note, the Commission’s plan would drastically scale back civilians’ ability to conduct transactions using currency — and, by default, will allow banks and the State further means to track individuals via bank cards.

According to the Commission’s Inception Impact Assessment, “Cash has the important feature of offering anonymity to transactions. Such anonymity may be desired for legitimate reason (e.g. protection of privacy). But, such anonymity can also be misused for money laundering and terrorist financing purposes. The possibility to conduct large cash payments facilitates money laundering and terrorist financing activities because of the difficulty to control cash payment transactions.” Continue reading »

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Jan 27

Europe Proposes “Restrictions On Payments In Cash”:

Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos’ elites discussed why the world needs to “get rid of currency,” the European Commission has introduced a proposal enforcing “restrictions on payments in cash.”

With Rogoff, Stiglitz, Summers et al. all calling for the end of cash – because only terrorists and drug-dealers need cash (nothing at all to do with totalitarian control over a nation’s wealth) – we are not surprised that this proposal from the European Commission (sanctuary of statism) would appear… Continue reading »

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Jan 24

Gary Cohn’s Parting Gift From Goldman: An Accelerated $124 Million:

Leaving Goldman Sachs to work for the government has always been a lucrative career move: eight years ago, it allowed former Treasury Secretary Hank Paulson to sell $500 million in Goldman stock tax free, and now its the turn of Gary Cohn, Goldman’s former COO and president, who is leaving to join Trump’s cabinet, who is departing with an “accelerated” gift.

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Jan 19

Jamie Dimon’s 2016 Pay: $28,000,000:

Moments ago JPM released an 8-K which revealed Jamie Dimon’s total compensation for the year. The answer: $28 million, up from the $27 million he was paid in 2015. Which, since Jamie Dimon is already a billionaire, will hardly make an impact on his bottom line.

JPMorgan Chase & Co. (the “Firm”) announced that the independent members of the Board of Directors (the “Board”) approved Mr. James Dimon’s total compensation for 2016, in the amount of $28,000,000, compared to last year’s total compensation of $27,000,000. Mr. Dimon’s total compensation includes an annual base salary of $1,500,000 and performance-based variable incentive compensation of $26,500,000. $5,000,000 of the variable incentive compensation will be delivered in cash and the remaining $21,500,000 will be delivered in the form of Performance Share Units (“PSUs”). Both base salary and cash incentive remain unchanged from last year. The key features of Mr. Dimon’s 2016 PSU award, including financial metric, performance goals, payout levels, vesting and hold requirements, also remain unchanged from the PSU award granted last year.

How did the board make its decision? Continue reading »

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Jan 19

Jewish Trust Sues Deutsche Bank For $3 Billion:

Just when it seemed that no more lawsuits are possible for Germany’s largest lender, which over the past two years has settled or otherwise paid billions to set aside a barrage of allegations of wrongdoing leading to the bank’s suspension of bonuses for most senior bankers, today we learn that Deutsche Bank was sued by a Jewish charitable trust in Florida, alleging that the bank wrongly withheld as much as $3 billion from the heirs to a wealthy German family.

According to Bloomberg, the lawsuit claims the bank refuses to return the funds initially deposited by the Wertheim family in accounts opened at what is now Credit Suisse Group AG before the rise of the Nazis in Germany. Those accounts were later transferred to Deutsche Bank, according to the complaint filed Wednesday in federal court by Wertheim Jewish Education Trust LLC. Continue reading »

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Jan 13

Cash-Banning Harvard Professor Slams “Ignorant” Negative-Rate-Naysayers:

“I find a lot of what is written by representatives of the financial sector, they’re very hostile to negative rates, to be kind of ignorant,” he said ahead of a tour of Scandinavia, where sub-zero rates first saw the light of day. “They’re talking about their short-term profits, and their short-term interest, but it’s a long-run policy if you do the homework, if you lay the groundwork, it would certainly work very well.”

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Jan 03

Indonesia Terminates All Business Relationships With JPMorgan After Downgrade:

We officially have a new definition ot “thin-skinned”.

In what may be one of the most dramatic retaliations to a downgrade report, Indonesia’s government said it has terminated all business partnerships with JPMorgan Chase after the U.S. bank downgraded its outlook on stocks in Southeast Asia’s largest economy. The finance ministry announced it would stop using JPMorgan as a primary dealer and as an underwriter of its sovereign bonds, Robert Pakpahan, the ministry’s director-general for budget financing and risk management told reporters in Jakarta on Tuesday. The reason: Pakpahan said a November research report issued by the bank was not “accurate or credible.” Continue reading »

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Dec 28

India Fears Run On Banks: Capital Controls And Withdrawal Limits To Continue:

Indian banks are fearful of running out of cash as lines queue up to withdraw money.

Bankers say they cannot cope with any sudden increase in demand, and warn against lifting cash withdrawal limits.

A decision by New Delhi on November 8 to scrap all large-denomination banknotes overnight removed 86 per cent of India’s currency from circulation. In an effort to prevent banks running out of cash, the finance ministry then imposed strict limits on the amount of new notes that could be withdrawn. Customers can currently withdraw just Rs2,500 from an ATM per day — equivalent to $37 — or Rs24,000 over the counter per week. Continue reading »

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Dec 27

“So – cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the “terrorists” and are now open to confiscation if you are a suspicious person… which, by their rhetoric, you are if you actually hold any of these assets.”


Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”:

Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization. There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.

And now, as Reuters reports, it appears last Monday’s attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd, has given The European Commission just the excuse to tighten capital controls – specifically cash and precious metals – into and out of Europe.

It is part of an EU “action plan against terrorist financing” unveiled after the bombings and shootings in Paris in November 2015.

Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU. Continue reading »

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Dec 24

Goldman Sachs Ties to Scandal-Plagued 1MDB Run Deep

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Dec 24

Pakistan Senate Proposes Scrapping 5,000 Rupee Note 

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