Apr 21

Fitch Downgrades Italy To BBB From BBB+

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Mar 31

Venezuela Bonds Crash As Political Situation Turns “Explosive”

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Mar 13

21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode:

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.  Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number.  If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

So if you have a family of four, your family’s share of the global debt load would be $86,856. Continue reading »

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Mar 04

H/t reader squodgy:

“This is one of the most educational explanations of the economic truth I’ve come across.”

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Mar 03

Mar 2, 2017

Silver and gold was slammed today. Initial jobless claims is at its lowest point in 44 years. BCBG filed bankruptcy. The art bubble is popping. CalPers threatens to slash pension benefits. Trump sent a message to every American that the economy is collapsing. Rickards, Stockman say Trump will not be able to avoid the debt bomb that is ready to go off. The Fed has set the stage to bring down the economy. BofA has analyzed the market and makes a prediction that the economy will collapse in the second half of this year.

H/t reader squodgy.

*****

‘The Great Economic Collapse’ coming to a country near you, …

… as planned by …

And it will happen exactly, when these bastards press this button …

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Mar 01

EU lawmakers vote to strip Le Pen of immunity for tweeting pictures of ISIS violence

Japanese giants itching to pull the plug on French debt

H/t Reader squodgy: Continue reading »

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Feb 28

March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue

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Feb 25

EU Bailout of Portugal Has Failed:

This year, 2017, is the beginning of the Sovereign Debt Crisis. While Greece is popping up on the financial radar, the Euro rescue in Portugal has also completely failed to reverse the trend of the country. There has been no effective relief from the debt crisis in Southern Europe. The debt in Portugal is also once again as high as before the crisis of 2010. The 78 billion euros of the European taxpayers money did nothing to reverse the economic trend, but in fact the funds simply went to save the banks.

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Feb 18

Norway Central Banker Warns Of Massive 50% Drop In Wealth Fund Assets To Cover Budget Deficits

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Feb 14

Greece plans to hire Rothschild as debt adviser

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Feb 14

China Just Created A Record $540 Billion In Debt In One Month

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Feb 10

Amid global uncertainty, Greek worries stalk markets _ again:

ATHENS, Greece (AP) — Nothing is inevitable in financial markets — except perhaps the return of Greece as a source of concern. More than seven years since Greece’s sky-high debts first unnerved investors and stoked speculation of the end of the euro currency, the country is back in the spotlight for the same reasons.

H/t reader squodgy:

“Not long now….”

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Jan 27

Greece Is In Trouble Again: Bonds, Stocks Plunge As Bailout Talks Collapse; IMF Sees “Explosive” Debt:

It may – or may not – shock readers to learn that Greece is once again on the verge of collapse.

10-year bond yields shot up and stocks tumbled on Friday, a day after euro zone finance ministers acknowledged the country’s fiscal progress but once again failed to break an impasse with the IMF over the country’s future bailout targets. Early on Friday morning, the greatest Greek nemesis alive, and surely in the afterlife, German Finance Minister Wolfgang Schaeuble said that Greece’s creditors won’t unlock further financial aid to the country unless the government meets its reform promises, which he said it hasn’t done yet. Continue reading »

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Jan 23

Foreigners Are Dumping U.S. Debt At A Record Pace And Our $20 Trillion National Debt Is Poised To Become A Major Crisis:

While most of the country has been focused on the inauguration of Donald Trump, a very real crisis has been brewing behind the scenes. Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising. This is potentially a massive problem, because our entire debt-fueled standard of living is dependent on foreigners lending us gigantic mountains of money at ultra-low interest rates. If the average rate of interest on U.S. government debt just got back to 5 percent, which would still be below the long-term average, we would be paying out about a trillion dollars a year just in interest on the national debt. If foreigners keep dumping our debt and if Treasury yields keep climbing, a major financial implosion of historic proportions is absolutely guaranteed within the next four years. Continue reading »

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Jan 04

China Warns May Dump Treasuries To Keep Yuan Stable, Prepares More Capital Controls:

In China, announcing new (and ever more ineffective) capital controls has become a daily thing.

Last week, Beijing unveiled its latest set of capital controls according to which Chinese banks would be required to report all yuan-denominated cash transactions exceeding 50,000 yuan (around 7,100 US dollars) to the People’s Bank of China (PBOC), down from the current level of 200,000 yuan. Cross-border transfers more than 200,000 yuan by individuals would also be subject to the report process. Continue reading »

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Jan 02

In “Mysterious” Bond Sale, Venezuela Issues $5 Billion In Debt To Itself With China As Underwriter:

While Venezuela CDS suggest the country’s default odds remain well over 90%, and its currency on the black market continues to plunge into the abyss of hyperinflation, something odd happened today: Venezuela’s government issued $5 billion in dollar debt for the first time in more than five years, selling bonds in an opaque transaction to the state bank Banco de Venezuela SA and the central bank, Reuters and Bloomberg report. What makes this “unorthodox operation” particularly strange, is that the government is effectively selling debt, and raising dollar funds from itself – it owns both the Banco de Venezuela and the central bank; it is also strange in that the transaction, according to Reuters, does not immediately bring in new funds for the cash-strapped OPEC nation. Continue reading »

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Dec 21

ECB Assets Hit 35% Of Eurozone GDP; Draghi Owns 9.2% Of European Corporate Bond Market:

As global markets bask in the glow of the Trumpflation recovery, the ECB continues to be busy providing the actual levitating power behind what DB recently dubbed global “helicopter money“, and as of the latest update, the central bank added a total of €21 billion in assets, bringing the total to €3.631 trillion, an amount equal to almost 35% of the entire Eurozone GDP.

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Dec 16

China Suffers Failed Treasury Bill Auction:

One day after China’s regulator halted trading in bond futures for the first time ever, Beijing suffered another catalytic bond-market event overnight when it failed to sell all the Treasury Bills on auction Friday, for the first time in almost 18 months, as bids fell short of minimum requirements, according to traders required to bid at the auction.

As BBG reported overnight, the Ministry of Finance sold only 9.57 billion yuan ($1.38 billion) of 182-day bills in a planned 10 billion yuan sale, and 10.85 billion yuan of 91-day notes in a planned 12 billion yuan sale, according to a statement from the bond clearing house. What is notable, is that the Bills on offer paid a hefty yield: the 182-day bills sold for 2.9565%, while the 91-day bills sold for 2.8991%. Continue reading »

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Dec 15

China Dumps Treasuries: Foreign Central Banks Liquidate A Record $403 Billion In US Paper:

It is official: Trump or no Trump, foreign central banks, wealth funds, and virtually every other official institution in possession of US paper is liquidating their Treasury holdings at a record pace, amounting to an unprecedented $400 billion in the past 12 months.

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Dec 01

Global Bonds Lose $1.7 Trillion In November, Worst Monthly Meltdown On Record:

Less than two months after Ray Dalio warned about a potential wipe out in the bond market, he has been proven right: the November surge in global yields has resulted in the worst monthly loss in the Bloomberg Barclays Global Aggregate Total Return Index, which lost 4% in November, a record drop, and equivalent to $.17 trillion in losses. The index’s market value fell $2.8 trillion over past two months.

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Dec 01

100 year Treasury bonds? You can’t make this stuff up!


Steven Mnuchin Roils Bond Markets With Suggestion Of 100 Year Treasury Bond:

Barely having confirmed he will be Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory.

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Nov 24

H/t reader squodgy:

“A somewhat aggressively compiled analysis of the financial mess.

Economics is neither art or science, but nothing more than theories based on possible human behaviour and response.

It has been interfered with and aggrandised as justification for tax regimes and policies, but, at the end of the day is nothing more than theoretical bullshit.”


Now it Begins to Unravel:

The Credit Bubble Peak was Marked by “Totally Crazy Lending.”

Debt is good. More debt is better. Funding consumer spending with debt is even better – that’s what economists have been preaching – because the consumed goods and services are gone after having been added to GDP, while the debt, which GDP ignores, remains until it is paid off with future earnings, or until it blows up.

Corporations too have gone on a borrowing binge. Unlike consumers, they have no intention of paying off their debts. They issue new debt and use the proceeds to pay off maturing debts. Funding share-buybacks and dividends with debt is ideal. It’s called “unlocking value.”

Debt must always grow. For that purpose, the Fed has manipulated interest rates to rock bottom. Actually paying off and reducing debt has the dreadful moniker, bandied about during the Financial Crisis, “deleveraging.” It’s synonymous with “The End of the World.” Continue reading »

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Nov 21

H/t reader squodgy:

“This is the first Chancellor to admit the country is in a terrible mess. Strange how the MSM let it fly under their radar. It isn’t just in a terrible mess, it is TOTALLY BANKRUPT, INSOLVENT and WORTHLESS.

Under Thatcher on instructions from the ‘elite’, the UK diversity was crushed, manufacturing decimated, agriculture ‘monocultured’, and national assets disposed of to foreign conglomerates. At that time North Sea Oil was carrying UK.

Now, no oil, no manufacturing, no agriculture. Just a greedy and corrupt Financial sector currently in a death spiral thanks to bad investment gambling when a slump was clearly on the horizon.

Fucking incompetence, bad management & treason.”

High treason, indeed.

At least they have applied the “best” policies to “jumpstart the (now almost non-existent) economy”

quantitative-easing


philip-hammond

UK economy faces uncertainty, limited by debt: Hammond:

UK finance minister Philip Hammond has warned that high debt has tied the government’s hands, in a time when the country needs a “watertight” economy to cope with years of “uncertainty” that lie ahead.

In an interview with the BBC on Sunday, Hammond said the country’s first budget plan since the vote to leave the European Union (EU) in July was constrained by “eye-wateringly” high debt and had to be carefully planned to minimize possible damages by Brexit.

“Over the next couple of years we are going to face some uncertainty over the economy,” he said, pointing to the difficult negotiations with the EU that, according to Prime Minister Theresa May, would take at least two years to complete.

Britain’s public debt hovers around £1.6 trillion, which equals 84 percent of the country’s economic output last year and is the highest over the past 50 years. Continue reading »

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Nov 21

FYI.


bear - bull

We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash:

Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years.  Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead.  The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates.  Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown.  And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money.  The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later.

For those that are not familiar with the bond market, when yields go up bond prices go down.  And when bond prices go down, that is bad news for economic growth. 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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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 18

It is becoming increasingly obvious that foreign central banks, sovereign wealth funds, reserve managers, and virtually every other official institution in possession of US paper, is liquidating their holdings at a very disturbing rate.


Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $346 Billion In US Paper:

One month ago, when we last looked at the Fed’s update of Treasuries held in custody, we noted something troubling: the number dropped sharply, declining by over $27.5 billion in one week, the biggest weekly drop since January 2015, pushing the total amount of custodial paper to $2.83 trillion, the lowest since 2012. One month later, we refresh this chart and find that in the latest weekly update, foreign central banks continued their relentless liquidation of US paper held in the Fed’s custody account, which tumbled by another $22.3 billion in the past week, pushing the total amount of custodial paper to $2.805 trillion, another fresh post-2012 low.

tsy-custody

Then today, in addition to the Fed’s custody data, we also got the latest monthly Treasury International Capital data, which showed that the troubling trend presented last one month ago, has accelerated. Recall that a month ago,  we reported that in the latest 12 months we have observed a not so stealthy, in fact quite massive $343 billion in Treasury selling by foreign central banks in the period July 2015- July 2016, something truly unprecedented in size and scope. Continue reading »

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Oct 18

China Injects Economy With A Quarter Trillion In Debt In One Month, But The Full Story Is Much Scarier

“From a growth rate perspective, the speed of credit expansion is alarming. The current pace of credit growth in China is realistically in a range between 19% and 20%, well above the reported official TSF growth of 12.4% and new loan growth of 13.0% in September. Relative to GDP, China’s credit-to-GDP ratio currently in a range from 260% to 275% of GDP as of September 2016″Barclays

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Oct 13

Deutsche Bank Sells Another $1.5 Billion In Debt At Junk Bond Terms

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Oct 10

H/t  reader Squodgy:

“Exactly as explained in John Perkins’ “More Confessions of an Economic Hit,an”, Brazil has succumbed to US pressure/bribery, ensuring the challenge to BRICS by the Rothschilds is real and delaying the death of the Petrodollar.

Putin must respond very carefully if he is to skirt around the already well established Russian tentacles of the Rothschild Empire and achieve ties with China, India & South Africa (which is also under economic Rothschild based attacks).

It does seem BRICS ls under serious economic attack by the institutions, and unless they act soon, the Rothschilds will indeed enslave us all.”


Can Russia Learn From Brazil’s Fate? — Paul Craig Roberts and Michael Hudson:

Can Russia Learn From Brazil’s Fate?

Paul Craig Roberts and Michael Hudson

William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the removal of their protector, thereby providing the world another example of the impotence of democracy. http://www.informationclearinghouse.info/article45561.htm

Everyone should read Engdahl’s article. He reports that part of the attack on Rousseff stemmed from Brazil’s economic problems deliberately created by US credit rating agencies as part of Washington’s attack to down grade Brazilian debt, which set off an attack on the Brazilian currency. Continue reading »

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Sep 28

And again: Prepare for collapse.


Health Ranger issues international financial alert as Deutche Bank approaches catastrophic collapse… Trillions in debt exposure will burn through European banks like a raging firestorm:

Since 2008, I’ve been warning Natural News readers about the inevitable, mathematically unavoidable global debt collapse. For the last eight years, crooked politicians and criminal banksters have been “kicking the can down the road” with endless money printing and currency debasement. Now, it appears, we’ve all run out of road.

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Reader squodgy:

“Bad choice. I prefer the late Frank Zappa’s “THE MOTHERS OF INVENTION”…”

 

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Sep 20

chinese-money-public

The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent:

The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late. Continue reading »

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Sep 20

US federal debt expanding at fastest rate since the crisis

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Sep 17

Foreign Central Banks Sell A Record $343 Billion In US Treasuries In The Last Year

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Sep 13

Sep 11, 2016

H/t reader squodgy.

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Sep 08

Eye on Social Mood: Stock Market Bubble Will Pop, Social Mood Will Get Extremely Ugly

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Sep 07

H/t reader squodgy:

“A very positive look at what we should expect with a collapsing economy and how to approach it positively…..”


07.09.2016

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Sep 06

For The First Time, Two European Non-Financial Companies Will Be Paid To Issue Debt:

Today was another historic day in the monetary twilight zone that is Europe, when two large European, non-financial companies were the first in history to be paid by investors to borrow, courtesy of the ECB’s corporate debt monetization program, which has unleashed an unprecedented scramble for frontrunning the central bank’s purchases of corporate debt and a historic collapse in bond spreads.

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Sep 01

Continue to prepare for collapse.


We’ve Reached the “Zero Point” of Debt Creation:

Hurtling toward a massive financial crisis.

Forty-five years and counting: We’ve been on a debt spree since the early 1970s when we went off the gold standard, covering every possible angle. Trade deficits, government deficits, unfunded entitlements, private debt – you name it! Our total debt has grown 2.5-times GDP since 1971.

How could economists not see this as a problem? How is this the least bit sustainable?

It isn’t. We’re hurtling toward a massive financial crisis, and all we have to show for it are financial asset bubbles destined to burst. And when they do, they’ll wipe out the artificial wealth they’ve created for many decades… in just a few years, as they did from late 1929 into late 1932!

The chart below shows the common-sense truth. Continue reading »

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