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The Coming Banking Crisis & The End of Bailouts
The Coming Banking Crisis & The End of Bailouts Behind the curtain, there is a growing concern about a serious banking crisis beginning once again in Europe. Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TO-BIG-TO-FAIL policies that dominated the […]
Is Another Spanish Bank about to Bite the Dust?
Is Another Spanish Bank about to Bite the Dust? Stockholders and junior bondholders fear a “bail-in.” After its most tumultuous week since the bailout days of 2012, Spain’s banking system is gripped by a climate of fear, uncertainty and distrust. Rather than allaying investor nerves, the shotgun bail-in and sale of Banco Popular to Santander […]
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 […]
Savings Guarantee? U.N. Warns Next Financial Crisis Imminent
Savings Guarantee? U.N. Warns Next Financial Crisis Imminent “There remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis …” UN […]
Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?
Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up? The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend. On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following […]
Monte Paschi Rescue On The Rocks: Regulators Now “Expect Bank To Ask Italy For Bailout”
Monte Paschi Rescue On The Rocks: Regulators Now “Expect Bank To Ask Italy For Bailout” Ever since two months ago, when Italy’s third largest bank – and the world’s oldest – Sienna’s Monte dei Paschi, failed Europe’s latest stress test, it had scrambled, and assured markets, that it would obtain a private sector cash injection, […]
George Friedman: Italy Is the Mother of All Systemic Threats
George Friedman: Italy Is the Mother of All Systemic Threats Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, […]
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the “Panama […]
Let The Bail-Ins Begin
Let The Bail-Ins Begin Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when […]
“Bail-ins Begin”: Interviews with Greg Hunter and Thom Hartmann
“Bail-ins Begin”: Interviews with Greg Hunter and Thom Hartmann My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann, below.
The EU Bail-In Directive: Dark Clouds are Gathering
The EU Bail-In Directive: Dark Clouds are Gathering Portugal’s Rickety Banking System After the unseemly bankruptcy of the Espirito Santo Group and the associated bank, then Portugal’s second biggest (likely a result of not praying enough, see: “Big Portuguese Bank Gets Into Trouble” and “Fears Over Banco Espirito Santo Escalate” for the gory details), Portugal’s […]
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 […]
The Catastrophic Threat of Bail-Ins
The Catastrophic Threat of Bail-Ins It has now been more than two and a half years since the Cyprus Steal , the first “bail-in” perpetrated in the Western world, occurred. Before reviewing the history of this newest financial atrocity, it is necessary to define the terms. The term “bail-in” describes a scenario in which a bank confiscates private property […]
You Will Soon Lose Everything You Own Unless You Act Now!
You Will Soon Lose Everything You Own Unless You Act Now! “Conspiracy theorist” Have you ever sat in a room and couldn’t figure out why people were laughing? They laughed and laughed and laughed as your curiosity grew and grew. And then, suddenly, you realized they were laughing at you! This is what is happening […]
Cash Withdrawal Limits and “Bank Holidays” Coming
Cash Withdrawal Limits and “Bank Holidays” Coming Concerns that next crisis may be imminent Bail-ins, withdrawal limits and negative interest rates may be imposed FT proposes a ban on “barbarous relic” cash Central banks would have people “completely under their control” – Bonner Gold in safe jurisdictions will again protect wealth Collapsing commodities prices, erratic […]
