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Tag Archives: banks
The Balkanization of Europe
The Balkanization of Europe Danae Stratou, Ilargi, Yanis Varoufakis and Steve Keen Feb 16 2016When my mate Steve Keen took me to meet Yanis Varoufakis for dinner last week when we all happened to find ourselves in Athens together, I at least sort of regretted not having the time and space to talk to Yanis about […]
Venezuela Could Be The Future of Western Civilization
Venezuela Could Be The Future of Western Civilization If anyone wants to see where western civilization is headed they need only to look at Venezuela today. The Bolivar has gone from 6.3 per dollar to 1,000 per dollar in the past few years. Last year farmers were ordered to turn over certain crops to the government […]
The Public Is Being Looted By Privatization And Deregulation
The Public Is Being Looted By Privatization And Deregulation The privatization movement and the deregulation movement have turned out to be failures. Privatization in Britain under the Thatcher government had its origin in the belief that the absence of incentivized managers and shareholders with a stake in the bottom line resulted in nationalized companies operating […]
Panic Below The Surface: “Banks Are Selling Energy Loans At Cents On The Dollar To Ensure Their Own Survival”
Panic Below The Surface: “Banks Are Selling Energy Loans At Cents On The Dollar To Ensure Their Own Survival” One week ago, when we commented on the latest weekly update from Credit Suisse’s very well hooked-in energy analyst James Wicklund, one particular phrase stuck out when looking at the upcoming contraction of Oil and Gas liquidity: “while […]
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away” There is a war on for the extermination of cash. It is the ultimate monopoly game, but there are those who are willing to put up a fight to keep cash in the game. The powers that be on Wall Street and in […]
Central Banking Goes Negative
Central Banking Goes Negative NEW HAVEN – In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to manage. First came zero interest rates, then quantitative easing, and now negative interest rates – one futile attempt begetting another. Just as the first […]
As War on Cash Escalates, Cash Lovers Fight Back
As War on Cash Escalates, Cash Lovers Fight Back “It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman. Over the last couple of days, bureaucrats at the European Commission and European Central Bank have expressed a keen interest in withdrawing the €500-note from circulation […]
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore By Singapore Business Review The three biggest banks are losing capital. A crisis of staggering proportions is looming in China, and tiny Singapore will be caught right in the middle of the storm once the disaster finally erupts. Speaking at the annual Barron’s roundtable, Swiss billionaire […]
Draghi Lies Claiming withdrawing €500 note is for crime not Taxes
Draghi Lies Claiming withdrawing €500 note is for crime not Taxes The Hunt for Taxes While Mario Draghi has denied that the European Central Bank would only withdraw its €500 highest-denomination banknote to combat crime, not to curb the use of paper money, you really cannot expect that he would tell the truth. If he really told […]
This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy
This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a […]
Rising Systemic Risk for all Markets
Rising Systemic Risk for all Markets We are on the precipice of what can only be described as rising systemic risk for all markets. The Fed is now hinting that banks should prepare for NEGATIVE INTEREST RATES and this insanity of following the crowd is undermining the entire world economy. The increasingly unstable footing that we find ourselves […]
A 918 Point Stock Market Crash In Japan And Deutsche Bank Denies That It Is About To Collapse
A 918 Point Stock Market Crash In Japan And Deutsche Bank Denies That It Is About To Collapse On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what […]
Negative Interest Rates Destroying World Economy: “Doom-and-Gloom Outlook for Banks in Europe”
Negative Interest Rates Destroying World Economy: “Doom-and-Gloom Outlook for Banks in Europe” Trying to simply hold onto the standard that you’ve got has become a new normal for financial challenges. Equity erodes away when interest rates go negative… then everything starts to sour. China’s economy and stock market are effectively in the toilet, or poised […]
The Return Of Crisis
The Return Of Crisis Suddenly banks everywhere are in deep, deep trouble Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one that has possibly started now. Our reason for expecting a market crash is simple: Bubbles always burst. […]
