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Brave New World of Bank Bail-Ins As Of January 1st
Brave New World of Bank Bail-Ins As Of January 1st On January 1st, 2016, the new bail-in regime became law putting at risk the deposits of savers and companies in the EU. EU countries join the UK, the U.S., Canada, Australia and New Zealand in having plans for bail-ins in the event of banks and other […]
Are We Headed for Another Bust?
Are We Headed for Another Bust? On Wednesday December 16, 2015, Federal Reserve Bank policymakers raised the federal funds rate target by 0.25 percent to 0.5 percent for the first time since December 2008. There is the possibility that the target could be lifted gradually to 1.25 percent by December next year. Fed policymakers have […]
Janet Yellen Fights the Tide of Falling Interest
JANET YELLEN FIGHTS THE TIDE OF FALLING INTEREST On Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s get one thing out of the way. This is not a move towards free markets. Whether the Fed sets interest lower, or whether it sets […]
Nassim Nicholas Taleb on the Real Financial Risks of 2016
PHOTO: GETTY IMAGES Nassim Nicholas Taleb on the Real Financial Risks of 2016 Worry less about the banking system, but commodities, epidemics and climate volatility could be trouble How should we think about financial risks in 2016? First, worry less about the banking system. Financial institutions today are less fragile than they were a few […]
Happy New Year — Bail-In Passed for Europe’s Banks
Happy New Year — Bail-In Passed for Europe’s Banks The mainstream media is not extensively reporting on the “experimental” bail-in that the EU imposed on Cyrus. The bail-in, that they swore would never be applied to Europe, will officially begin in January. This new power will be in the interest of taxpayers as they will no longer […]
Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives
Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trilliondollars? Overall, the biggest U.S. banks collectively have more than 247 trilliondollars of exposure to derivatives contracts. That is […]
A Crisis Worse than ISIS? Bail-Ins Begin
A Crisis Worse than ISIS? Bail-Ins Begin While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills. At the […]
Australia Cannibalizing its own Economy
Australia Cannibalizing its own Economy The Australian Tax Office (ATO) has applied to access to everything to hunt for money. They want access to phone calls, emails, posts, and SMS text messages. We have verified this with several sources. Like Rome, Australia is cannibalizing its own economy. They will succeed in destroying Western civilization and when […]
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins that […]
Bank Counterparty Risk Surges To 4-Year High
Bank Counterparty Risk Surges To 4-Year High The TED Spread is the difference between the interest rates on interbank loans and on short-term U.S. government debt and as such offers a proxy for how banks themselves perceive the relative creditworthiness of the financial system. The last time TED spread was surging to this level was late […]
Bank of Italy Bails Out Four Banks
Bank of Italy Bails Out Four Banks The European banking crisis is brewing. Last month alone, the Bank of Italy poured €3.6 billion euros into Banca Marche, Banca Etruria (PEL.MI), CariChieti, and CariFeto to prevent their collapse. The money was funded by financing from healthy banks. This is precisely how the banking crisis began in […]
Are Negative Rates Fueling Deflation?
Are Negative Rates Fueling Deflation? Those in power never understand markets. They are very myopic in their view of the world. The assumption that lowering interest rates will “stimulate” the economy has NEVER worked, not even once. Nevertheless, they assume they can manipulate society in the Marxist-Keynesian ideal world, but what if they are wrong? By lowering […]
India’s Failing Gold Monetization Scheme: Seizure Imminent?
India’s Failing Gold Monetization Scheme: Seizure Imminent? India’s newest gold monetization scheme has been a colossal failure. After one month, it has netted only one kilogram (2.2 pounds avoirdupois) out of an estimated 20,000 tonnes (44 million pounds avdp) of privately-held gold. Why is that? Well, let’s look at how the program works. Gold-holders turn their gold over to a bank. […]
Big Banks In a Tizzy Want to Take Their Billions and Go Home
Big Banks In a Tizzy Want to Take Their Billions and Go Home The big banks are not taking a rare legislative defeat lying down. Days after President Obama signed into law a highway package that finally ended an egregious, 100-year-old subsidy for big banks, two of Wall Street’s favorite legislators want to attach a last-minute rider to the […]
Rumors of New Bank Bailouts in Spain
Rumors of New Bank Bailouts in Spain Just when the government touts its miracle economy! Spain will hold do-or-die general elections on December 20. The Rajoy government hopes that recent improvements in economic performance will be enough to cast its gargantuan political scandals to the back of voters’ minds. The economy is firing on all cylinders, […]
