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Bernanke, Geithner & Paulson Warn: “We’ve Forgotten The Lessons Of The Financial Crisis”
Bernanke, Geithner & Paulson Warn: “We’ve Forgotten The Lessons Of The Financial Crisis” Late last month, the Fed declared that six of the country’s biggest banks needed to scale back their plans for returning cash to shareholders to strengthen their capital buffers, a striking reminder that banks shouldn’t be overeager to put the legacy of […]
Turkish Lira Tumbles To Record Low As “Ticking Time Bomb” Looms In Banking System
Turkish Lira Tumbles To Record Low As “Ticking Time Bomb” Looms In Banking System Having exercised his newly-omnipotent capabilities to alter central bank decrees and appointing a puppet cabinet, Turkish President Erdogan is now urging the general public to borrow in the currency in which they are paid, but, as Bloomberg reports, that warning came […]
Nomi Prins: The central banking heist has put the world at risk
Nomi Prins: The central banking heist has put the world at risk “The 2008 financial crisis was the consequence of a loosely regulated banking system in which power was concentrated in the hands of too limited a cast of speculators,” Nomi Prins tell me. “And after the crisis, the way the US government and the […]
Bartlett Naylor: The Banks Are Becoming Untouchable Again
Bartlett Naylor: The Banks Are Becoming Untouchable Again Regulations? We don’t need no stinking regulations! When the dust settled after the Great Financial Crisis, we learned that the big banks had behaved in overtly criminal ways. Yet none of their executives would be held criminally accountable. And while legislation was passed in the aftermath to […]
Banking System Has Huge Problem – Peter Schiff
Banking System Has Huge Problem – Peter Schiff Money manager Peter Schiff says even though Deutsche Bank is the most systemically dangerous bank in the world (according to the IMF), that is just the tip of severe global financial problems. Schiff explains, “I think it’s a problem, and it’s not just Deutsche Bank. Deutsche Bank […]
Daniel Nevins: Economics for Independent Thinkers
Daniel Nevins: Economics for Independent Thinkers It’s time we stop trusting the ‘experts’ Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively — right? Well, even though that’s what most people expect from economists, it’s […]
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, […]
Kyle Bass: China’s $40 Trillion Banking System Has “Largest Imbalances I’ve Ever Seen”
Kyle Bass: China’s $40 Trillion Banking System Has “Largest Imbalances I’ve Ever Seen” Kyle Bass’s Hayman Capital has been having a rough year thanks to its widely publicized bet against China’s currency, which has more than reversed its 2016 decline – its largest annual drop since 1994 – as the People’s Bank of China has […]
Swamp Fever
Swamp Fever Further proof, as if more were needed, that God is rather cross with the world’s number one exceptional nation: Hurricane Irma is tracking for a direct hit on Disney World. In the immortal words of the Talking Heads: This ain’t no party, this ain’t no disco, this ain’t no fooling around. Houston is […]
Banks Are Evil
Barandash Karandashich/Shutterstock Banks Are Evil It’s time to get painfully honest about this I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why? Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial […]
Three reasons why the banking system is rigged against you
Three reasons why the banking system is rigged against you If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard of made a stunning […]
Deutsche Bank’s CoCo Bonds Speak of Fear of the Worst
Deutsche Bank’s CoCo Bonds Speak of Fear of the Worst The fine that broke the bank? Deutsche Bank investors just can’t catch a break. They keep thinking that shares have dropped so low that it’s time to grab them. Herd instinct sets in, and this buying perks up the shares. Then the bank’s sins once again […]
Lit and Sputtering
Lit and Sputtering You can see where the trajectory of events is leading. The country will be distracted by racial strife this summer while the global banking system implodes, disabling trade relations and the super-long supply chains we depend on for all common goods from oil to fresh food. Unless the remnants of the Republican […]
Alan “Bubbles” Greenspan Returns to Gold
Alan “Bubbles” Greenspan Returns to Gold Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it possible for the welfare statists to use the […]
Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: “Power Grid, Banking System, Cyber Financial Warfare”
Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: “Power Grid, Banking System, Cyber Financial Warfare” Intelligence insider Jim Rickards has previously warned of asymmetric attacks using cyber warfare, financial warfare and domestic disasters involving chemical, biological or radiologicial events. The threat is multi-faceted and the consequences of such an attack, whether it takes […]
