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In Legalizing Marijuana, Uruguay Trips over the Dollar, US Laws, and Global Banks
In Legalizing Marijuana, Uruguay Trips over the Dollar, US Laws, and Global Banks It’s far from easy to do business without the financial support of any bank. But Uruguay, in its efforts to create a legal, regulated market for the recreational use of marijuana, is trying. In August it was revealed that some of the pharmacies […]
“Dark Money” Runs the World
“Dark Money” Runs the World Few people know financial markets’ biggest secret… For the last 40 years, most people believed the stock market always goes up. Simply buy and hold long enough, the theory went, and you could sit back and watch the money accumulate in your account. No thought or hard work needed. It […]
Debt is a Determining Factor in History
Debt is a Determining Factor in History Photo by airpix | CC BY 2.0 Sovereign debt has been a crucial factor in a series of major historical events. From the early 19th century, in Latin American countries such as Colombia, Mexico and Argentina, struggling for independence,as well as Greece when seeking funds for its war of independence, these nascent […]
Stressful Year Ahead for Spanish Banks
Stressful Year Ahead for Spanish Banks The “spillover effects.” Just how much more stress Europe’s banking system can bear will be one of the big questions of 2018. This year was already a pretty stressful year, what with two major Italian banks being put out of their misery while, another, Monte dei Paschi di Siena, […]
Bean counters: Lost in Paradise
Bean counters: Lost in Paradise Long before the Paradise Papers, or the Panama Papers, the Enron scandal, Savings and Loan crisis, WorldCom, and the Global Financial Crisis, governments in the US, UK and Australia were colluding with the world’s biggest banks and their clients using aggressions dynamics not to defeat but to suborn the controls […]
Bitcoin Doesn’t Exist – 5
Bitcoin Doesn’t Exist – 5 Gustave Courbet Sunset on Lake Geneva 1876Chapter 1 of this five-part series by Dr. D is here: Bitcoin Doesn’t Exist – 1 Chapter 2 is here: Bitcoin Doesn’t Exist – 2 Chapter 3 is here: Bitcoin Doesn’t Exist – 3 Chapter 4 is here: Bitcoin Doesn’t Exist – 4 Next […]
Bitcoin Doesn’t Exist – 1
Bitcoin Doesn’t Exist – 1 Gustave Courbet The wave 1869A while ago, I asked a regular commenter at the Automatic Earth, who goes by the moniker Dr. D, to try and write an article for us. Not long after, I received no less than 31 pages, and an even 12345 words. Way too long for […]
Top 30 Risky Banks – Does it Really Matter?
Top 30 Risky Banks – Does it Really Matter? The Royal Bank of Canada (RPC) has been added to the list of the top 30 banks posing the greatest risk. The top US bank is JP Morgan which is now the only bank required to hold an extra 2.5% of common equity after its US peer […]
Spain’s Third Biggest Bank Just Made it Harder to Get Cash
Spain’s Third Biggest Bank Just Made it Harder to Get Cash War on Cash bogs down, despite best efforts of government, banks, and credit card companies. Spain’s third biggest lender, CaixaBank, has just launched a pilot project in Madrid aimed at limiting cash services in their branches to less than three hours a day, from […]
ECB and the Coming Banking Crisis
ECB and the Coming Banking Crisis QUESTION: Mr. Armstrong; Your post of November 16th where you state that the ECB is looking to freeze accounts in a banking crisis, does that mean they will no longer honour the claimed insurance of €100,000 per account? PH ANSWER: No. They will not pretend to eliminate that […]
EU Preparing for the Banking Crisis
EU Preparing for the Banking Crisis Subtly, the EU is looking to establish preparations for the coming banking crisis and how to protect the banks from massive withdrawals. The solution? The EU wants to be able to temporarily free up credits for the banks and at the same time to freeze bank deposits, In other words, like […]
European Banking Crisis
European Banking Crisis There is intense resistance building against the stricter new rules on bad loans among the European banks. This will hit Italy hard and may push off the edge more than one Italian bank. With the elections coming next year in Italy, the banking rules may be the straw that breaks the back. […]
Italy Target2 Imbalance Hits Record €432.5 Billion as Dwindling Trust in Banks Plunges
Italy Target2 Imbalance Hits Record €432.5 Billion as Dwindling Trust in Banks Plunges Contrary to ECB propaganda, Target2 imbalances are a direct result an unsustainable balance of payment system. The imbalances represent both capital flight and debts that can never be paid back. If you think Italy can pay German and other creditors a record […]
Chinese “Ghost Collateral” Scam Leads To Market “Shockwaves”, Huge Loss For Giant Commodity Trader
Chinese “Ghost Collateral” Scam Leads To Market “Shockwaves”, Huge Loss For Giant Commodity Trader Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that trillions in loan collateral had been […]
