Jul 27

Jul 26, 2016

In this special 2016 Summer Solutions episode, Max and Stacy talk to Das, author of ‘A Banquet of Consequences: The Reality of Our Unusually Uncertain Economic Future’, about the structural changes needed to halt the decline in real wages. They also discuss financialization, economic apartheid and debt jubilees.

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Jul 27

Bilderberg &  Rothschild puppet Josef Ackermann …

Josef Ackermannjosef-ackermann

… did a fabulous job in destroying Deutsche.


Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come:

Never has Germany’s lending giant Deutsche Bank looked this miserable, and according to its latest earnings release, the pain is set to get even worse.

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Josef Ackermann Bilderberg 2010 in Sitges

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Jul 27

Erdogan Files Criminal Charges Against Head Of Research At Turkish Bank For Writing Displeasing Report:

Having purged virtually all of his domestic political enemies, it will probably not come as a surprise the head of research as well as the chief strategist at one of Turkey’s largest brokerages was stripped of his professional license and is facing criminal charges over a report analyzing the impact of the July 15 coup attempt, marking the first expansion of the president’s unprecedented crackdown on the nation’s private financial sector.

According to Bloomberg, the Capital Markets Board published a decision in which it said the strategist, Mert Ulker, failed to “fulfill his responsibilities” in the preparation and publication of a July 18 report produced by Ak Investment, the brokerage arm of Turkey’s second-largest bank. Ulker also faces charges under articles 299 and 301 of the penal code, which make insulting Turkey’s president, the nation or its institutions a crime. The CMB license is required to work in capital markets in Turkey. The statement didn’t say whether Ak Investment’s status was affected. Continue reading »

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Jul 26

Jul 25, 2016

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Jul 26

Italy Races To Arrange €5 Billion Bailout For Monte Paschi Before Friday’s Stress Test:

Italy is scrambling to secure a privately-backed bailout of Monte dei Paschi di Siena, the most exposed of the country’s troubled lenders, including a plan to raise €5bn of fresh capital so as to avert nationalisation, the FT reports. The bank needs to obtain some €5 bilion in capital ahead of Friday’s stress test, or else a dire “contagion” scenario could unfold that could impair not only all Italian banks, but promptly spread first to France and then to Germany…

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Jul 26

RBS Warns Clients May Face Negative Interest Rates:

In another reminder that monetary unorthodoxy in the face of NIRP is coming to a savings account near you, overnight the RBS banking group warned 1.3 million customers they could be charged negative interest rates if the Bank of England cuts base rates below zero. As seen in the letter posted below, the bank warned that: “Global interest rates remain at very low levels and in some markets are currently negative. Dependent on future market conditions, this could result in us charging on credit balances.”

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Jul 25

H/t reader squodgy:

“I think not. The parrots were only doing as they were told. I still believe the populace were herded into Brexit under a false ‘identity/immigration’ banner.
For years now, because the core of the Rothschild dynasty is resident in England, logically, they would want it to be the base for the future of their next economic structure.
This article kind of sets off down that road, but also points to israel becoming more entrenched as a major player than certain forecasts predict.”

I believe London, as well as Frankfurt (former Rothschild residence), will be destroyed.


London vs. Wall Street: The Other Side Of The Brexit

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Jul 25

H/t reader squodgy:

“As predicted, Brexit WILL be used to trigger the economic collapse starting with a UK Banks “Bail Out” followed by a “Bail in” as the snowball of economic inactivity gathers momentum.

Brexit is the perfect ploy, even though it won’t happen as the 52% had hoped.

Ignorance of the internal workings of the PTB have made us all look stupid, but will we learn?”


pound

London Bankers Plot Bailout Under New Prime Minister: “Monetary Response to Brexit Shock”:

It seems that it is payday for the banksters.

As a new bailout is being prepared by the Bank of England, there are questions about what, if any, actions will actually be taken to leave the European Union under the new prime minister, who actually campaigned for ‘Remain’ but has so far appointed pro-Brexit cabinet members.

The new Prime Minister in the UK, Theresa May has announced that she will not pursue Article 50 proceedings to leave the EU anytime during 2016, setting the stage for putting off the split that the referendum called for.

According to the London Guardian: Continue reading »

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Jul 25

Portugal-flag

First Italy, Now Portuguese Banks “Unexpectedly” Need A Taxpayer Bailout:

Portuguese banks, already undercapitalised and loaded with bad debt, are bracing for heavy losses from Lisbon’s so far unsuccessful attempts to sell Novo Banco, the lender salvaged from the collapse of Banco Espírito Santo.

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Jul 23

H/t reader squodgy:

“The vultures gather….”


Look Who’s Frantically Demanding that Taxpayers Stop Italy’s Bank Meltdown:

It was a perfect gift to a desperate market. All that was needed was a gentle hint that Italy’s troubled banks and their bondholders might not be hung out to dry. A “public backstop” for Italy’s weakest lenders would be a “very useful” measure in these “exceptional times,” ECB President Mario Draghi said.

Most Italian and European bank stocks surged.

The ECB is the second member of the institutional triad formerly known as the Troika to have called for a taxpayer funded bailout of Italy’s banking system. Earlier this month the IMF used its article IV consultation – an annual economic and financial health check – to warn of “global spillovers” from a full-blown Italian banking crisis, “given Italy’s systemic weight.” Continue reading »

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Jul 21

Jul 17, 2016

Description:

On the economy crashing this year, investment banker and former Assistant Secretary of Housing, Catherine Austin Fitts says, “Could we turn into a bear market? I think given the commitment to equity markets and given the willingness to debase the currency, I think the chances of that are relatively small this year. Next year, depending on what happens in the election, the gloves are going to come off globally about what’s been going on in the U.S. Anything could happen. That’s the danger if you are an investment advisor or an investor. The swings here is we could be up 30%, or we could be down 50%. A black swan could happen, so if you are an investor, you need to be prepared for very, very wide swings both up and down in prices in the equity markets. Here’s the important thing to remember. . . . We now have $12 trillion sitting in negative interest rates. Where’s all that money going to go? It can’t sit there getting nothing. It will have to go into real estate. It’s going to have to go into equity. It’s going to have to go to precious metals because it can’t sit there getting no or negative yields forever. . . . The debt game is over.”

On gold and silver, Fitts says, “Interest rates coming down makes gold and silver more attractive. I think the number one thing driving precious metals is you’ve still got growth going on in Asia, and they are buyers. People are afraid, and they are looking at what is going on with the leadership, and they are getting scared. They want to hedge their bets, and gold and silver is where you go when you don’t trust the system.”

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Jul 21

US To Seize $1 Billion In Embezzled Malaysian Assets Which Goldman Sachs Helped Buy:

Today we got the first official confirmation of just how vast the 1MDB money-laundering scheme was and that it stretched to the very top. What is now also confirmed, is that at the heart of the fundraising operation was none other than Goldman Sachs.

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Jul 20

Deutsche Bank-2

Deutsche Bank to close almost 200 branches:

The closures are set to take place over the next few months , with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors.

On Sunday, Deutsche Bank published a list of the affected branches.

North Rhine-Westphalia is to be hit hardest, with 51 branches in Germany’s most populous state listed for the chopping board. In Bavaria eleven will close, eight of which are in Munich. Continue reading »

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Jul 19

Dollar-Decline

The financial system is breaking down at an unimaginable pace:

Now it’s $13 trillion.

That’s the total amount of government bonds in the world that have negative yields, according to calculations published last week by Bank of America Merrill Lynch.

Given that there were almost zero negative-yielding bonds just two years ago, the rise to $13 trillion is incredible.

In February 2015, the total amount of negative-yielding debt in the world was ‘only’ $3.6 trillion.

A year later in February 2016 it had nearly doubled to $7 trillion.

Now, just five months later, it has nearly doubled again to $13 trillion, up from $11.7 trillion just over two weeks ago.

Think about that: the total sum of negative-yielding debt in the world has increased in the last sixteen days alone by an amount that’s larger than the entire GDP of Russia. Continue reading »

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Jul 18

piggy-bank-lock

If You Can’t Touch It, You Don’t Own It:

The pending Brexit has, not surprisingly, caused a shake-up in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected. Continue reading »

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Jul 18

Deutsche Bank Loves Helicopter Money: Why “Big Inflation Is Coming… But Will First Require A Crisis”:

Helicopter policies are not advocated in ‘a normal world’. They are however almost inevitable in the next recession. “Japan will be the flag bearer of fiscal stimulus.” Which will be sufficient to breath some inflationary spirit into the system. “But this is all febrile and can get over-turned by the slightest change in wind direction,” he said, tentative. “This will be the little inflation before the big helicopter-driven inflation.” But that will first require a crisis.

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Jul 18

How Finance Costs Too Much and Fails to Deliver

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Jul 17

comeback-gold

The Worst Gold Bear Is Now The Most Convinced Bull

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Jul 17

H/t reader squodgy:

Glass–Steagall Act reinstatement is the only answer for US”


Jul 14, 2016

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Jul 16

14.07.2016

Description:

Bix Weir is back to re-examine ‘The World in 2016’ according to the Rothschild’s Economist magazine. What did the esoteric, occult symbology riddled cover predict, what has come to pass thus far, and what is still to come? We take a deep dive into this and more. Thanks for joining us.

Continue reading »

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Jul 16

FYI.


War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think:

On the surface, things seem pretty quiet in mid-July 2016.  The biggest news stories are about the speculation surrounding Donald Trump’s choice of running mate, the stock market in the U.S. keeps setting new all-time record highs, and the media seems completely obsessed with Taylor Swift’s love life.  But underneath the surface, it is a very different story.  As you will see below, the conditions for a “perfect storm” are coming together very rapidly, and the rest of 2016 promises to be much more chaotic than what we have seen so far.

Let’s start with China.  On Tuesday, an international tribunal in the Hague ruled against China’s territorial claims in the South China Sea.  The Chinese government announced ahead of time that they do not recognize the jurisdiction of the tribunal, and they have absolutely no intention of abiding by the ruling.  In fact, China is becoming even more defiant in the aftermath of this ruling.  We aren’t hearing much about it in the U.S. media, but according to international news reports Chinese president Xi Jinping has ordered the People’s Liberation Army “to prepare for combat” with the United States if the Obama administration presses China to abandon the islands that they are currently occupying in the South China Sea… Continue reading »

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Jul 16

16.07.2016

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Jul 16

18.06.2016

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Jul 15

Derivatives-at-Bank-Holding-Companies-March-31-2016-OCC-Report

Citigroup Has More Derivatives than 4,701 U.S. Banks Combined; After Blowing Itself Up With Derivatives in 2008:

According to the Federal Deposit Insurance Corporation (FDIC), as of March 31, 2016, there were 6,122 FDIC insured financial institutions in the United States. Of those 6,122 commercial banks and savings associations, 4,701 did not hold any derivatives. To put that another way, 77 percent of all U.S. banks found zero reason to engage in high-risk derivative trading.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99-cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer. Continue reading »

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Jul 15

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Jul 12

New Evidence Proves HSBC Avoided Criminal Prosecution Due to “Market Risk”

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Jul 12

Here Is What Ben Bernanke Told The Bank Of Japan

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Jul 12

US Refused To Prosecute HSBC Over Fears Of “Global Financial Disaster”

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Jul 11

Recovery!


IMF Warns Of “Global Contagion” From Italy’s Bank Crisis; Forecasts Two-Decade Long Recession

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Jul 11

URGENT! BANK RUNS HAVE BEGUN IN ITALY!!!!! ATM’s Being Emptied!!!!

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