Home » Posts tagged 'germany' (Page 18)
Tag Archives: germany
This Is The Real Reason For The War On Cash
This Is The Real Reason For The War On Cash Originally posted Op-Ed via The Wall Street Journal, These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldn’t be surprised that politicians and central bankers are now waging a war on cash. That’s right, […]
The Age Of Stagnation (Or Something Much Worse)
The Age Of Stagnation (Or Something Much Worse) Excerpted from Satyajit Das’ new book “The Age Of Stagnation”, If you look for truth, you may find comfort in the end; if you look for comfort you will not get either comfort or truth, only . . . wishful thinking to begin, and in the end, […]
10,000 Greek Farmers Stage Massive Revolt In Athens, Destroy Police Cars
10,000 Greek Farmers Stage Massive Revolt In Athens, Destroy Police Cars On Friday, some 800 angry Greek farmers marched on the Agriculture Ministry in Athens and beat police with Shepherd’s crooks. No, really: The farmers are understandably upset with Alexis Tsipras and the government for a proposal to triple the social security burden and double income taxes […]
Deutsche Bank Is Scared: “What Needs To Be Done” In Its Own Words
Deutsche Bank Is Scared: “What Needs To Be Done” In Its Own Words It all started in mid/late 2014, when the first whispers of a Fed rate hike emerged, which in turn led to relentless increase in the value of the US dollar and the plunge in the price of oil and all commodities, unleashing […]
Total Incompetence of Career Politicians
Total Incompetence of Career Politicians Someone really needs to do a study on people who seem to want to rule the world yet have absolutely no clue what they are doing, which is really 98% of all politicians. What drives these people? Is it just greed to sell influence and get outrageous speaking fees? Until […]
After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity
After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity The echoes of both Bear and Lehman are growing louder with every passing day. Just hours after Deutsche Bank stock crashed by 10% to levels not seen since the financial crisis, the German behemoth with over $50 trillion in gross notional derivative found […]
Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes
Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation“, we said that after looking at a chart of Venezuela’s upcoming hyperinflation… … a hyperinflation in which the soaring stock market has […]
World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever
World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing […]
Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note
Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.” You probably never thought of your cash that way, but increasingly, authorities and the powers that […]
Negative Interest Rates Show Desperation of Central Banks
Negative Interest Rates Show Desperation of Central Banks Image: MarketWatch Japan has joined the EU, Denmark, Switzerland and Sweden in imposing negative interest rates. Indeed, more than a fifth of the world’s GDP is now covered by a central bank with negative interest rates. The Wall Street Journal notes: TOKYO—Japan’s central bank stunned the markets Friday by setting the […]
Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy
Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy Deflation Threatens to Swallow the World Many high-powered people and institutions say that deflation is threatening much of the world’s economy … China may export deflation to the rest of the world. Japan is mired in […]
We Know How This Ends, Part 2
We Know How This Ends, Part 2 In March 1969, while Buba was busy in the quicksand of its swaps and forward dollar interventions, Netherlands Bank (the Dutch central bank) had instructed commercial banks in Holland to pull back funds from the eurodollar market in order to bring up their liquidity positions which had dwindled […]
We Know How This Ends, Part 1
We Know How This Ends, Part 1 The finance ministers and representatives of central banks from the world’s ten largest “capitalist” economies gathered in Bonn, West Germany on November 20, 1968. The global financial system was then enthralled by a third major currency crisis of the past year or so and there was great angst […]
The World’s Most Famous Case Of Hyperinflation (Part 1)
The World’s Most Famous Case Of Hyperinflation (Part 1) The Great War ended on the 11th hour of November 11th, 1918, when the signed armistice came into effect. Though this peace would signal the end of the war, it would also help lead to a series of further destruction: this time the destruction of wealth […]
Belgian nuclear plant’s reactor shuts down days after reboot
Belgian nuclear plant’s reactor shuts down days after reboot Doel nuclear plant. © Francois Lenoir / Reuters Belgium’s Doel nuclear reactor went offline on Saturday, after it was restarted just three days ago, the plant’s spokesperson said. Meanwhile, Germany has stepped up criticism on operational safety of its neighbor’s aging nuclear facilities. Doel 1 nuclear […]
