Nov 24

Indian Currency Crashes To Record Low As Cash Exchange Of Old Notes Suspended:

It appears the social unrest, economic collapse, and currency crisis sparked by Indian PM Modi’s decision to demonetize “corrupt” high-denomination bank-notes was not enough.

As the Rupee crashed to a record low overnight, officials announced a suspension of the exchange of ‘old notes’ as of tomorrow to, in their words, “encourage people to deposit old notes in their bank accounts.” With as much 60% of banknotes still un-exchanged, we suspect chaos will be the operative word for the immediate future.

Those with old notes will still be allowed to deposit them into their bank accounts until Dec. 31, but not permitted to do outright exchanges.

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Nov 23

Putin-Gold

Putin “Buys The Dip” – Russia’s Gold Buying In October Largest This Millenium:

Russia gold buying accelerated in October with the Russian central bank buying a very large 48 metric tonnes or 1.3 million ounces of gold bullion.

20161123_gold_russia

This is the largest addition of gold to the Russian monetary reserves since 1998 and could be seen as a parting ‘gift’ by Putin to his rival ex-President Obama.

The Russian central bank gold purchase is the biggest monthly gold purchase of this millennium.

Concerns about systemic risk, currency wars and the devaluation of the dollar, euro and other major currencies has led to ongoing diversification into gold bullion purchases by large creditor nation central banks such as Russia and China.

Commerzbank went with the simple explanation: Continue reading »

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Nov 23

Forget Deutsche Bank, These 2 American Banks Are Now “The Most Systemically Dangerous In The World”:

Back in the summer we wrote about an IMF report that flagged Deutsche Bank as the “most important net contributor to systemic risks” (see “‘Deutsche Bank Poses The Greatest Risk To The Global Financial System’: IMF“).  Those who read our site frequently were likely not terribly surprised by the IMF’s conclusion.

Among the G-SIBs, Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse. In turn, Commerzbank, while an important player in Germany, does not appear to be a contributor to systemic risks globally. In general, Commerzbank tends to be the recipient of inward spillover from U.S. and European G-SIBs. The relative importance of Deutsche Bank underscores the importance of risk management, intense supervision of G-SIBs and the close monitoring of their cross-border exposures, as well as rapidly completing capacity to implement the new resolution regime.

That said, we suspect the latest ranking of global systemically important banks (G-SIBs) by the Financial Stability Board may be a bit more surprising to our readers, among others, as it features two of America’s largest banks right at the very top.  Continue reading »

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Nov 23

H/t reader squodgy:

“Awesome read.”

Related info:

The History of the House of Rothschild


Rothschild

The Mad and Greedy House of Rothschild:

By Dean Henderson

The Rothschild family combined with the Dutch House of Orange to found Bank of Amsterdam in the early 1600’s as the world’s first private central bank. Prince William of Orange married into the English House of Windsor, taking King James II’s daughter Mary as his bride. The Orange Order Brotherhood, which more recently fomented Northern Ireland Protestant violence, put William III on the English throne where he ruled both Holland and Britain. In 1694 William III teamed up with the Rothschilds to launch the Bank of England.

The Old Lady of Threadneedle Street — as the Bank of England is known — is surrounded by thirty foot walls. Three floors beneath it the third largest stock of gold bullion in the world is stored. The biggest hoard lies beneath the Rothschild-controlled Federal Reserve Bank of New York. According to the excellent movie The Money Masters, much of this gold was confiscated from now-empty vaults at Fort Knox as collateral on US debt obligations to the Eight Families Federal Reserve crowd. Continue reading »

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Nov 19

H/t reader squodgy:

“Latest snippet from Clif High, very interesting, and it will be good to watch it develop.”

Continue to prepare for collapse (the greatest financial/economic collapse in world history).

Related info:

Caterpillar Retail Sales Decline For Record 47 Consecutive Months

Financial collapse > hyperinflation > civil war > directly followed by WW3 …

U.S. Ships Over 600+ Containers Of Ammo To Germany

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)

life


18.11.2016

Description:

Apologies for the blurry video. FStop stuck. Used camera.

Pie is blended apples, Braeburn, Rosa, Yellow Delicious, Pippin, with a coconut oil crust.

Bonds turned in July
Then USA bonds took the largest 1 day move ever the day after Trump elected.

American Federal Reserve Note empire meltdown continues: Continue reading »

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Nov 16

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper:

It is official: Trump or no Trump, foreign central banks, SWFs and virtually every other official institution in possession of US paper, and as of this month, private investors too, are liquidating their Treasury holdings at a record pace.

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Nov 16

War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches:

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia.

Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.”

(How convenient that a bank would propose something that’s good for banks!)

This isn’t the first time that the financial establishment has pushed for a cashless society in Australia (or anywhere else). Continue reading »

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Nov 14

FYI.


Nov 6, 2016

clif high, Web Bot Report, 2016 Predictions, Nuclear Fallout, Megaquakes, Epidemics, Weather Wars

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Nov 14

“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban:

The blowback from the world’s latest strike in the war on cash is unraveling fast in India. This week’s decision by PM Modi to ban some high-denomination banknotes (on the premise of fighting corruption) has left “chaos everywhere” according to one official who accused the prmeier of wreaking havoc on the poorest Indians. As Reuters reports, nearly half of India’s 202,000 ATMs were shut on Friday and those that operated quickly ran out of the new notes as scores of people descended upon them.

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Nov 11

Trump Not Seeking Full Repeal Of Dodd-Frank; Opposes Bank Bailout Provision:

One of the bigger surprises to emerge from the initial attempts by the Trump transition team to frame the president-elect’s policy yesterday, was what was dubbed at full repeal of Dodd-Frank, a move which has been seen by some as surprisingly pro-banker friendly.

Specifically, this is what the website says on the topic of Dodd-Frank: Continue reading »

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Nov 07

“The Money Has Vanished”: Tesco Bank Halts Online Payments After Cash Taken Out Of 20,000 Accounts:

Tesco Bank has halted online payments for current account customers after money was taken from 20,000 accounts. About 40,000 accounts saw suspicious transactions over the weekend, of which half had money taken. The bank said some accounts “have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently”.

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Nov 06

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Nov 02

The Global Financial System Is Here - CollapseDeutsche

Related info:

Don’t Look Now But The Most Systemically Dangerous Bank In The World Is Tumbling Again

Continue to prepare for collapse.

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Nov 02

Don’t Look Now But The Most Systemically Dangerous Bank In The World Is Tumbling Again

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Nov 01

H/t reader squodgy:

“The German Central Bank is out of its depth with the Deutsche Bank toxic debt dilemma, but the European Central Bank, doesn’t give a shit and will enjoy its destruction which opens opportunities for Draghi’s tentacles on behalf of the Rothschilds.
Very messy…but lo & behold….the Clintons appear out of the fog to find a bolt hole via Qatar.”


01.11.2016

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Oct 30

“China’s Debt Has Grown $4.5 Trillion In Past 12 Months, More Than The US, Japan And Europe Combined”

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Oct 30

H/t reader squodgy:

“Brave Lady, and very logical. No more than ONE YEAR LEFT.
Of course, if the banksters hadn’t printed helicopter money, it would have been 2009, but hey, it’s anyone’s guess, and the real truth (rather than the newspeak) tells anyone with a modicum of common sense to keep preparing.”


How Much Time do we have Before the Next Economic Crisis?:

Not much time.

Since early July, the 30-year US Treasury Bond Price Index has plunged 8.3%. It’s now called “the rout” in longer-dated government bonds. One of the specters is rising inflation at a time of ultra-low yields.

What has become the number one predictor of a bear market in stocks over the past many decades? The US Treasury yield curve. It drives bank lending – which can strangle the economy. But this time, the risks are much higher, and the potential economic consequences steeper. Continue reading »

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Oct 28

H/t reader squodgy:

“How do I pay for my next bag of crisps?”


Banks prepare for ‘economic nuclear winter’ Senior banking analyst warns of EU APOCALYPSE:

BANKS are preparing for the worst in the second half of the year as it faces an ‘economic nuclear winter’, a major investment bank expert has warned.

A series of political shocks – including Britain’s vote to leave the EU – have led to fears the entire Union could crumble, the currency could collapse and economic nightmares could become a reality.

Now it has been revealed this kind of “economic nuclear winter situation” is being prepared for by major banks. Continue reading »

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Oct 28

Moody’s Warns Deutsche Bank Is Dangerously Close To Falling Below Its “Default Point”

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Oct 27

deutsche bank

Bank Jog: Deutsche Bank’s Demand Deposits Tumble By 13% In Q3:

In an under reported but troubling development, Deutsche Bank said that its most liquid, “sight deposit” category, plunged by a whopping 13% from Q2 to Q3, sliding from €156.2 billion to €135.9 billion as of Sept. 30. Is this the start of the infamous “bank jog”?

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Oct 26

Chinese Bank Liabilities Rise Above 200 Trillion Yuan For The First Time:

Overnight China’s Banking Regulator reported the latest amount of total domestic assets on China’s bank books: as of September the number is a stunning CNY217.3 trillion, or just over $32 trillion

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Oct 26

deutsche bank

Investors Have Pulled $8 Billion From Deutsche Bank’s ETF Unit:

Earlier this month, Deutsche Bank stock was shaken following a Bloomberg report that Deutsche Bank’s hedge fund clients had withdrawn billions in margin cash from the bank’s prime brokerage unit, adding a shade of liquidity concerns to the bank’s ongoing capitalization woes. It now appears that DB has continued to hemmorhage cash with the FT reporting that the German lender’s exchange traded fund unit has seen billions in outflows as Germany’s biggest lender considers whether to sell parts of its asset management business.

Investors have pulled $8bn from Deutsche’s ETF arm so far this year. This is an unwelcome collapse after a strong performance in 2015 when the unit attracted positive inflows of $28bn, according to ETFGI, a London-based consultancy. DB’s clients have been heading for the exit after the bank was threatened with a $14bn claim by the DOJ. Continue reading »

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Oct 25

deutsche bank

Deutsche Bank Considering Alternatives To Paying Cash Bonus:

It has been at least a few weeks since Deutsche Bank appeared in the flashing red breaking news sections of newswires, with news that was – mostly – negative. And while the stock has since rebounded materially, wiping out all losses since the DOJ’s $14 billion RMBS settlement leak, it appears that not everything is back to normal for the largest German lender. Because in what may be the worst news yet for DB’s employees, moments ago Bloomberg reported that the German Bank is exploring “alternatives to paying bonuses in cash” as Chief Executive Officer John Cryan seeks to boost capital buffers. Continue reading »

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Oct 24

14% Of Polled Wells Fargo Customers Have Decided To Leave The Bank

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Oct 23

Britain’s biggest banks ‘will start relocating out of London early next year’ amid growing fears of hard Brexit:

Britain’s biggest banks will begin a large withdrawal of their presence within Britain as fears grow of a hard Brexit.

If the UK decides to leave the single market and the customs union in order to restrict the freedom of people coming into the country, lenders could move their headquarters out of London’s financial district.

According to the Observer  huge companies, including Goldman Sachs could make the move by early next year, but smaller groups could depart even sooner. Continue reading »

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Oct 23

hedgeless_horseman comments at ZeroHedge:

They have learned nothing?

They have convinced you to come to their place of business, regularly, for more than a decade.

They have convinced you that since you are not aware that they are opening fake accounts in your name, then it isn’t happening.

They have learned that they can privatize gains, socialize the losses, and all it costs them is a few small campaign contributions.

Sounds to me like it is the author that has learned nothing.

http://www.zerohedge.com/news/2016-01-06/hedgelesshorsemans-revolutionar…

6.  Read The Creature from Jekyll Island: A Second Look at the Federal Reserve – 5th Edition, by G. Edward Griffin.


I Went to a Wells Fargo Branch, this is What Happened Next:

They have learned nothing.

I walked into my Wells Fargo branch to put my data backup into my safe deposit box, as I’ve been doing for a decade. This routine business turned into a wake-up call about safe deposit boxes and churned up insights into how Wells Fargo conducts to this day its cross-selling efforts: the algo makes them do it!

To clarify, I’m a happy customer. Wells Fargo handles day-to-day banking for me and my vast WOLF STREET media-mogul-empire corporation. The people are nice, and I have not yet noticed any fraudulent accounts in my name.

It doesn’t bother me that every time I call one of the national numbers with a problem or question, I have to swat away their offers of “pre-approved” credit cards, lines of credit, or other high-margin products. Having run a car dealership earlier in my life, I appreciate the art of aggressive cross-selling. However, we never-ever did it over the phone! We waited till we saw the whites of their eyes. Continue reading »

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Oct 21

THE WOLF OF WALL STREETU.S. President Barack Obama raises a glass to toast President of China Hu Jintao at a State Dinner at the White House in Washington, January 19, 2011. REUTERS/Jim Young (UNITED STATES - Tags: POLITICS)

Obama’s Secret Email: Accommodating the Financial Elite:

Hillary Clinton just received more incentive to deal harshly with self-exiled whistleblower Julian Assange when she makes it to the White House. She previously said it would take a drone attack to silence him.

WikiLeaks reveals first batch of US president Barack Obama emails sent via secret address bobama@ameritech.com https://t.co/Ni95WAl8a6

— WikiLeaks (@wikileaks) October 20, 2016

Obama’s secret email address—bobama@ameritech.net—was found in the Podesta trove.

One of the more revealing emails shows how Team Obama in 2008 concluded its candidate was the winner and prepared to get the administration up to speed prior to the election. Continue reading »

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Oct 17

H/t reader squodgy:

“This is just for starters. Next the Govt will have RT removed from freeview television.
Then Google will mysteriously have difficulty finding the server….error 404.

Ominous…..we need at least two opposing versions of all news items to enable a modicom of truth to filter through, and we cannot trust or believe Zionist media outlets or the government controlled BBC.

Suspicious bloggers think Obama/Clinton are behind it….which means the hidden hand of the Rothschilds has orchestrated it.”


UK Prime Minister Responds To Blocking Of RT’s Bank Accounts:

As reported earlier, in a somewhat stunning announcement that puts into question the freedom of speech and press in the UK democracy, RT’s editor in chief alleged, and NatWest later confirmed, that the Russian media outlet’s bank accounts in the UK had been blocked by the bank owned by the previously nationalized RBS.

In a letter to RT’s London Office, NatWest said, “we have recently undertaken a review of your banking arrangements with us and reached the conclusion that we will no longer provide these facilities.” The bank added that the entire Royal Bank of Scotland Group, of which NatWest is part of, would refuse to service RT.

nat-west-letter

“We have no idea why it happened, because neither yesterday nor the day before yesterday, nor a month ago, nothing special happened to us, nobody threatened us in any way. Hypothetically, this may have something to do with new British and American sanctions against Russia, which may be announced soon. It may not. Our legal department is dealing with the issue now,” Margarita Simonyan told RBK business news website.

Commenting on the development, Russian Foreign Ministry spokesperson Maria Zakharova said it indicated that “Britain on its way out of the EU abandoned all its commitments to protect the freedom of speech.” “I sincerely hope that there’s no political motive for this, because we know that the British government isn’t happy with RT in Britain,” publisher Marcus Papadopoulos told RT. Continue reading »

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Oct 17

deutsche bank

Deutsche Bank Pays $38 Million To Settle Silver Manipulation Lawsuit:

The scandal-plagued Deutsche Bank agreed on Friday afternoon to pay $38 million to settle US litigation over allegations it illegally conspired with other banks to manipulated and fix silver prices at the expense of investors. A lawyer for the investors said the deal provides “substantial monetary compensation plus cooperation in the continued prosecution of this case against the non-settling defendants.”

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Oct 17

H/t reader squodgy:

“Just joining dots.

Vlad just decided to cut oil production to force Saudi Arabia to fill the void at the promised very low prices, whilst warring with Yemen and funding ISIS.

I’d call it a haemorrhage for the arabs. Clever ploy by Vlad.”


Saudi Bank Stocks Tumble As Bailout Fails To Stem Liquidity Stress

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