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.
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.
6. Read The Creature from Jekyll Island: A Second Look at the Federal Reserve – 5th Edition, by G. Edward Griffin.
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 »
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 firstname.lastname@example.org https://t.co/Ni95WAl8a6
— WikiLeaks (@wikileaks) October 20, 2016
Obama’s secret email address—email@example.com—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 »
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.”
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.
“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 »
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.”
As has been widely reported, in 2013 Hillary Clinton was paid $675,000 for three speeches to Goldman Sachs. One was delivered on June 4, 2013 at the 2013 IBD CEO Annual Conference at The Inn at Palmetto Bluff in South Carolina, a second one took place on October 24, 2013 at the Goldman Sachs Asset Management AIMS Alternative Investment Symposium, and the last one was delivered on October 29, 2013 at the Goldman Sachs builders and innovators summit.
The speech transcripts, in their entirety, were revealed for the first time in an email from Tony Carrk, research director at Hillary for America, in an email dated January 23, 2016, and disclosed to the public for the first time ever during today’s latest Wikileak of Podesta emails.
In the email Carrk says: Continue reading »
It has been nearly four years since one of the most infamous, and still largely unexplained, banker “suicides” took place, the first in a series of many: we are talking about the death of the director of communications at Monte dei Paschi di Siena, David Rossi, who allegedly jumped to his death on March 6, 2013.
Since this event has largely faded away from the public consciousness here is a quick recap: David Rossi, who was the head of communications for Monte dei Paschi di Siena bank, which was founded in 1472 and which is currently seeking to finalize its third bailout since the financial crisis, died after falling – or being pushed – from a third floor window of the bank’s headquarters in a 14th century palazzo in the Tuscan city of Siena.
His death in March 2013 came at a time when the bank was pushed close to the brink of collapse over a scandal involving the loss of hundreds of millions of euros through risky investments.
While a quickly cobbled together post-mortem found that Rossi, 51, had killed himself, his family strongly suspected that he was murdered because he knew too much about the bank’s shady financial deals. As a result, earlier this year, prosecutors in Siena, where the bank is based, ordered his body to be exhumed and for the trajectory of his fall to be simulated, in an attempt to discover exactly how he died. Continue reading »
The hits for Deutsche Bank just keep on coming. One day after a report that the German lender has imposed a hiring freeze in the latest bid to reassure investors that it has expenses under control and is stemming the outflow of cash, moments ago Reuters reported that Deutsche Bank’s finance chief told his staff that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees.
Such cuts would likely take many years but setting such a goal could reassure investors that the bank is determined to tackle costs that sources said the European Central Bank sees as bloated. Unless, of course, they are forced to cut much faster. If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in five of the bank’s workforce around the globe would be affected. Continue reading »
Preparing the people for what is coming.
When was the biggest market crash of all time (23% in one day)? – in an October, just after a Shemitah (a little less than 3 weeks after) – It was Black Monday in 1987.
Continue to prepare for the greatest financial collapse in world history.
The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history.
On October 19, 1987, the Dow Jones Industrial Average which comprises the 30 large US publicly traded companies, lost 22.6 percent of its value.
— Bloomberg Markets (@markets) October 12, 2016
In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he was on red alert for an imminent sell-off in stocks in the light of the price action over the past few weeks. Continue reading »
Must-see for my German speaking readers.
Oct 10, 2016
As the powers-that-be play whack-a-mole with various systemic risk indicators, desperately tamping down contagion concerns, amid no progress in strengthening the world’s most systemically dangerous bank; we warned two weeks ago of yet another canary in the coalmine of Deutsche Bank’s demise (that no one was looking at). This week, that canary… died.
The main reason the US government wants $14 billion in penalties from the German bank is that it is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can, Jim Rogers, financial commentator and investor, told RT.
Germany’s Deutsche Bank reportedly failed to reach an agreement with the US on settling a massive fine. The bank is facing a $14 billion fine penalty from the US Justice Department for mis-selling mortgage securities in the run-up to the 2008 financial crisis.
RT: Firstly just to make it clear why has the US imposed such an enormous penalty?
Jim Rogers: The main reason is that the US government is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can. I can’t imagine that Deutsche Bank should be liable for $14 billion, but I’m not involved. Continue reading »
On Thursday, Iceland’s Supreme Court found nine bankers guilty of market manipulation, affirming the conviction of the seven defendants found in a June 2015 decision by the Reykjavik District Court, and handing down a guilty verdict to two defendants previously acquitted in district court.
The Supreme Court decision found that “[b]y fully financing share purchases with no other surety than the shares themselves, the bankers were accused of giving a false and misleading impression of demand for Kaupthing shares by means of deception and pretense,” according to the Iceland Monitor. Continue reading »
While the media is transfixed with the just released Washington Post leak of a private Donald Trump conversation from 2005 in which he was speaking “lewdly” about women, and for which he has apologized, roughly at the same time, Wikileaks released part one of what it dubbed the “Podesta emails“, which it describes as “a series on deals involving Hillary Clinton campaign Chairman John Podesta. Mr Podesta is a long-term associate of the Clintons and was President Bill Clinton’s Chief of Staff from 1998 until 2001. Mr Podesta also owns the Podesta Group with his brother Tony, a major lobbying firm and is the Chair of the Center for American Progress (CAP), a Washington DC-based think tank.”
While the underlying story in this specific case involves the alleged kickbacks received by the Clinton Foundation from the Russian government-controlled “Uranium One”, a story which has been profiled previously by the NYT, and about which Wikileaks adds that “as Russian interests gradually took control of Uranium One millions of dollars were donated to the Clinton Foundation between 2009 and 2013 from individuals directly connected to the deal including the Chairman of Uranium One, Ian Telfer. Although Mrs Clinton had an agreement with the Obama White House to publicly identify all donors to the Clinton Foundation, the contributions from the Chairman of Uranium One were not publicly disclosed by the Clintons”, what caught our attention is an email from Tony Carr, a Research Director at Hillary for America, in which he lay outs hundreds of excerpts from the heretofore missing transcripts of Hillary Clinton’s infamous Wall Street speeches, with an emphasis on those which should be flagged as they may be damaging to Hillary.
But first, here are the greatest hits as conveniently flagged by the Clinton Campaign itself on page one of the 80 page addendum dubbed “awkward” Continue reading »
One of the most significant stories of the past year that hasn’t been covered by the mainstream media is the flood of mysterious deaths surrounding those that threaten to expose a truth of some sort. Whether it be government officials, bankers or doctors, a shocking number of individuals from those respective categories have been found dead under suspicious circumstances within the past year or so.
And, yes, the deaths just keep on coming. Continue reading »
Deutsche is way “Tooooooo Big To Save”, thanks to former CEO, Rothschild puppet & Bilderberg Josef Ackermann.
The next several days up to Oct. 12 (Yom Kippur) have a high probability for something “big” to happen.
Prepare for (an epic) collapse.
* * *
The next several days up to Oct. 12 (Yom Kippur) have a very high probability for something “big” to happen.
Prepare for (an epic) collapse.
In addition to 100s more job cuts, Deutsche Bank stock is tumbling on the back of Bloomberg reports that the German government isn’t in talks with the U.S. Department of Justice over Deutsche Bank.
- There are no talks taking place with the DoJ, German government official says on customary condition of anonymity
- German government has always made clear that this is about talks between the U.S. authorities and Deutsche Bank: official
And the reaction is a heavy volume dump…
* * *
Nearly four years after it was first revealed that Deutsche Bank had engaged in various shady deals at the height of the financial crisis designed to mask Monte Paschi’s financial woes, on October 1 Italy finally charged the German lender and 6 of its current and former managers, including the infamous Michele Faissola (much more on him soon), Michele Foresti and Ivor Dunbar, for colluding to falsify the accounts of Italy’s third-biggest bank, Monte Paschi, and manipulate the market. Two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena were also charged.
As Bloomberg reported, prosecutors have been reconstructing how Monte Paschi’s former managers misrepresented the lender’s finances in the years through the two deals signed with Deutsche Bank in 2008 and Nomura in 2009. The investigation revealed Monte Paschi arranged the transactions to hide billions in losses that led to false accounting between 2008 and 2012, according to a prosecutors’ statement released Jan. 14, when they completed the investigation. Continue reading »
So much for last week’s rumor of an imminent reduction in the DOJ $14 billion settlement, which sent the price of DB soaring, and propelled the global stock market higher.
Moments ago, Reuters reported that the German government is pursuing “discreet talks” with U.S. authorities to help Deutsche Bank secure a swift settlement over the sale of toxic mortgage bonds.
German officials have, until now, played down their role in the standoff, saying it is up to Deutsche to work out a deal with the DOJ, which is demanding $14 billion to settle RMBS misselling claims. But now it has been confirmed that Berlin government officials are hoping to “facilitate a quick deal that would buy Deutsche Bank time to regain its footing.” Continue reading »
Oct 4, 2016
In this episode of the Keiser Report, Max and Stacy discuss how finance is ruining America. In the second half, Max interviews Ronald Reagan’s budget director, David Stockman, author of ‘Trumped: A Nation on the Brink of Ruin’… And How to Bring It Back.
* * *