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Tag Archives: banks
Yes it is Scary – But Necessary
Yes it is Scary – But Necessary COMMENT: Hi Martin, Once again, thank you for all the information you provide on a daily basis. It is informative as well as scary at the same time. I’m afraid you are preaching to the hard headed. Here in Canada, people truly believe in government and socialist ideologies. It […]
Understanding what propels the World Economy is mandatory to comprehend its Demise
Understanding what propels the World Economy is mandatory to comprehend its Demise Banking has existed for a long time. The idea of debt dates back to the ancient world, as evidenced for example by ancient Mesopotamian clay tablets recording interest-bearing loans. Far too many people attribute our financial doom to fractional banking etc. They are actually […]
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt Banks have been lending hand over fist to companies in the nation’s energy industry, underwriting bonds, advising on mergers, even financing the building of homes for oil workers. All of this has provided a boon to banks that have been struggling to […]
The Cartel: How BP Got Insider Tips Through a Secret Chat Room – Bloomberg
The Cartel: How BP Got Insider Tips Through a Secret Chat Room – Bloomberg. Halfway down a muddy, secluded road on marshland in suburban Essex sits Wharf Pool, a lake stocked with some of the biggest freshwater fish you will ever see. A white sign with red lettering reads: “Private Syndicate: Strictly Members Only.” A metal […]
The Banking System Can’t Lend Out Reserves, But a Bank Can – Ludwig von Mises Institute Canada
The Banking System Can’t Lend Out Reserves, But a Bank Can – Ludwig von Mises Institute Canada. This post will seem simple to some, but I want to correct a slight confusion I’ve seen over the last several years in the economics blogosphere. (I was motivated to write because of an exchange with Nick Freiling, who […]
Will they Hang Bankers Again on Wall Street? | Armstrong Economics
Will they Hang Bankers Again on Wall Street? | Armstrong Economics. What took place in Washington over the past two weeks with the repeal of Dodd Frank and then the effective repeal of the Volcker Rule sounds strikingly familiar to at least three previous periods in American History that led to total disaster. There were of […]
2014 Year in Review – David Collum | Peak Prosperity
2014 Year in Review – David Collum | Peak Prosperity. Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than […]
Western Banks Cut Off Liquidity To Russian Entities | Zero Hedge
Western Banks Cut Off Liquidity To Russian Entities | Zero Hedge. As Zero Hedge first reported today, shortly before noon one (and subsequently more) FX brokers advised clients that any existing Ruble positions would be forcibly closed out because “western banks have stopped pricing USDRUB“, over concerns of Russian capital controls. Ironically, it was this forced liquidation […]
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge. In late 2006, default rates on lower-rate subprime private MBS began to rise considerably. Though not a very transparent market to the mainstream media-watching world, bankers knew trouble was brewing as this had not happened before in such a […]
MYEFO: Australia set to emerge from once-in-a-century resources boom with little to show for it – ABC News (Australian Broadcasting Corporation)
MYEFO: Australia set to emerge from once-in-a-century resources boom with little to show for it – ABC News (Australian Broadcasting Corporation). “It’s the economy, stupid.” That famous phrase, uttered by advisor James Carville in 1992 to then presidential hopeful Bill Clinton, has resonated across the globe. It doesn’t matter how successful a leader is at […]
H.R. 4681 Passes Congress – Justin Amash Calls It: “One of the Most Egregious Sections of Law I’ve Encountered During My Time as a Representative” | Liberty Blitzkrieg
H.R. 4681 Passes Congress – Justin Amash Calls It: “One of the Most Egregious Sections of Law I’ve Encountered During My Time as a Representative” | Liberty Blitzkrieg. Decency, security, and liberty alike demand that government officials shall be subjected to the same rules of conduct that are commands to the citizen. In a government […]
Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For | Zero Hedge
Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For | Zero Hedge. Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as […]
The Next Round of the Crisis Will Reveal that the Entire System is Based on Fraud | Zero Hedge
The Next Round of the Crisis Will Reveal that the Entire System is Based on Fraud | Zero Hedge. The biggest problem with the financial markets today is the fraud. Fraud is endemic in the financial system today. We know that the currency, stock, bond, and even commodity markets have ALL been manipulated by Investment Banks […]
Treasury Warns Congress (and Investors): This Financial Creature Could Sink the System | Wolf Street
Treasury Warns Congress (and Investors): This Financial Creature Could Sink the System | Wolf Street. Office of Financial Research slams Leveraged Loans In its 2014 Annual Report to Congress, the US Treasury’s Office of Financial Research, which serves the Financial Stability Oversight Council, analyzed for our Representatives the “potential threats” to the US financial house […]
