Spanish finance minister backed for leading ECB job

Spanish finance minister backed for leading ECB job:

BRUSSELS (AP) — Finance ministers from the 19-country eurozone on Monday endorsed Spain’s Luis de Guindos for the coveted post of European Central Bank vice president, after Ireland withdrew the only other candidate.

European Union leaders are expected to anoint de Guindos at a summit on March 22-23, after seeking the opinion of EU lawmakers and the ECB, which oversees the euro currency. Once that is done, de Guindos will replace Vitor Constancio on June 1 and serve a non-renewable eight-year term.

H/t reader squodgy:

“Looking at this lot, I can’t say I feel any confidence or reassurance whatsoever.
As we say, “They couldn’t run a piss up in a brewery”.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

World Bank Whistleblower Karen Hudes: “All This Talk About Release The Memo Is A Red Herring. Donald Trump Is Merely A Big Actor, An Agent Of The Banking Cartel.” (Video)

*****

Trump, like the Clinton’s, the Bush’s, Obama, Merkel, May, Cameron, Blair, Macron, Hollande, Sarkozy Putin and Xi Jinping, is a Freemason and an elite puppet.

George Soros serves the Rothschilds and the Rothschilds are the founders of Israel.

Trump is nothing but a Rothschild/Illuminati puppet.

Why Did George Soros Forgive Donald Trump As Much As $312 MILLION In Debt For No Apparent Reason?

JARED KUSHNER DIDN’T DISCLOSE BUSINESS TIES TO SOROS, THIEL, AND GOLDMAN SACHS, OR THAT HE OWES $1 BILLION IN LOANS

Ivanka Trump’s women entrepreneurs fund takes $100 MILLION from Saudi Arabia and United Arab Emirates (If you know that the Saudis belong to the Khazarian mafia, then it all does make sense.)

Ivanka Trump and Jared Kushner Visit Lubavitcher Rabbi’s (Founder Of The Chabad Movement) Grave for Pre-Election Blessing (Video)

Donald Trump, Chabad-Lubavitch Anerdd The Oligarchs

Slate: “Jared’s Not So Sure He Can Bring Peace to the Middle East. Thank God.” – Maybe Kushner, who owns the 666 Fifth Avenue building in NYC and belongs to Jewish supremacist doomsday cult, does NOT want to bring peace?

The Jewish Supremacist Doomsday Cult That Connects Trump and Putin — Chabadniks And Zionists Are 9/11 “Perpetraitors”

Saudi King Shah Salman gifts items to Trump worth $1.2 BILLION (If you know that the Saudis belong to the Khazarian mafia, then it all does make sense.)

There is Something Very Strange about This Man! (Jared Kushner) – (Video)

Kushners Belong to Jewish Supremacist Doomsday Cult – #WW3

GEORGE SOROS GAVE JARED KUSHNER $259 MILLION CREDIT

David Icke: President Two Mouths – “Trump Is 100% Owned By Israel” (Video)

Donald Trump Pals Around with George Soros:

Trump actually spent Christmas Eve with George Soros in 2009, according to the New York Post.

Read moreWorld Bank Whistleblower Karen Hudes: “All This Talk About Release The Memo Is A Red Herring. Donald Trump Is Merely A Big Actor, An Agent Of The Banking Cartel.” (Video)

World’s largest hedge fund puts down $13 billion to profit from trouble in Europe.

Bridgewater Bets Big against Largest Banks in Spain & Italy:

World’s largest hedge fund puts down $13 billion to profit from trouble in Europe. 

A lot of people have lost a lot of money in the recent financial market convulsions, but there’s still plenty of money to be made by betting against the companies, as the world’s largest hedge fund, Bridgewater Associates, showed this week. It bet heavily against four of Spain’s biggest corporate hitters. The fund took up short positions worth €1.2 billion, or 0.5% of total shares at Banco Santander, BBVA, Telefónica and Iberdrola.

The gamble has already reaped dividends. Shares of Iberdrola, Spain’s biggest utilities company, Telefonica, Spain’s struggling telecoms giant, and Santander, Spain’s biggest bank ended the week around 5% lower, while BBVA tumbled 4%. Bridgewater placed its best against the two large Spanish banks last week, just as they presented annual results that largely disappointed the market. Since then, both banks have lost close to 10% of their market cap.

Read moreWorld’s largest hedge fund puts down $13 billion to profit from trouble in Europe.

Three Crazy Things We Now Accept As “Normal” For The Economy

Three Crazy Things We Now Accept As “Normal” For The Economy

H/t reader squodgy:

“Despite the FACT it was stolen by the priveliged before it started to get to the worker/peasant level and never actually filtered down to Joe BigMac, the dumbos still consider it a stimulus for the economy……Doh!

It was never to help the worker, it was an insurance policy for the bankster elite……”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Credit Suisse “Terminates” XIV

Credit Suisse “Terminates” XIV:

After it was halted for trading earlier in the day, which many saw as a harbinger of imminent termination – moments ago Credit Suisse confirmed retail vol sellers’ worst fears when it announced that it would indeed be “accelerating” the XIV ETN, i.e. terminating it.

From the press release:

Credit Suisse AG Announces Event Acceleration of its XIV ETNs

New York February 6, 2018 Credit Suisse AG (“Credit Suisse”) today announced the event acceleration of its VelocityShares™ Daily Inverse VIX Short Term ETNs (“XIV”) due to an acceleration event. The acceleration date is expected to be February 21, 2018.

Since the intraday indicative value of XIV on February 5, 2018 was equal to or less than 20% of the prior day’s closing indicative value, an acceleration event has occurred. Credit Suisse expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to The Depository Trust Company by no later than February 15, 2018. The date of the delivery of the irrevocable call notice, which is expected to be February 15, 2018, will constitute the accelerated valuation date, subject to postponement due to certain events. The acceleration date for XIV is expected to be February 21, 2018, which is three business days after the accelerated valuation date.

How much money will holders of the now defunct XIV get?

Read moreCredit Suisse “Terminates” XIV

Wells Fargo Plunges 9%, Biggest Drop Since August 2015 “ETFlash Crash”

Wells Fargo Plunges 9%, Biggest Drop Since August 2015 “ETFlash Crash”:

Following Friday’s shocking Fed crackdown, Wells Frago stock is reeling on Monday morning, tumbling as much as 9%, its biggest intraday drop since the August 2015 ETFlash Crash.

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Joanne Nova: The Other Side of Climate (Video)

H/t reader squodgy:

“Very interesting.
Never joined the dots properly between the big banksters and the climate issue.”

Flashback:

JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Bank Of America, JPMorgan Bar Crypto Purchases On Credit Card

Bank Of America, JP Morgan Bar Crypto Purchases On Credit Card:

The second largest US bank said it “will begin declining credit card transactions with known cryptocurrency exchanges” starting today.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings

“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings:

It is safe to say that after years of disappointment, investor expectations were low ahead of today’s Deutsche Bank earnings report. Yet somehow, the biggest German lender failed to beat even the most pessimistic one.

Deutsche Bank, which had already guided for a slump, shocked markets when revenue that missed the lowest estimate and fell to the lowest in seven years amid declines at businesses from transaction banking to equity derivatives, and pretty much everything else. Even cost control – supposedly a key feature of CEO John Cryan’s tenure – was worse than expected. The company also reported a €1.3 billion loss for Q4, which while better than the company’s disastrous report last year, was €100mm worse than the lowest forecast and far worse than the consensus loss of €478mm.

“The results are disappointing again and we don’t see anything encouraging in them, reinforcing our doubts in the bank’s strategy and management,” said Michael Huenseler at Assenagon. “There’s no silver lining.”

In line with its US peers, revenues in the all important fixed income and currencies trading group fell 29% year-on-year, and combined FIC and FIC-related financing were 20% lower. Echoing JPM and Goldman, Deutsche said the division suffered from “low volatility, low institutional client activity and difficult trading conditions in certain areas“, Deutsche said in a statement.

Overall trading revenue at the investment bank, excluding financing, declined 27 percent, Deutsche Bank said.

Read more“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings

As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions

As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions:

Trump followed in the footsteps of Obama and pardoned five megabanks—one of which he reportedly owes up to $300 million in outstanding loans.

While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.

Trump has been using Deutsche Bank since the 1990s, and Financial Times has reported that he now owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. However, a source told the Times that the actual number is likely much larger at $300 million.

Read moreAs No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions