Charles Hugh Smith suggests: the world would benefit from a profoundly shattering economic depression “Does anyone really think The Everything Bubble can just keep inflating forever? What do I mean by a profoundly shattering recession? I mean, a systemic, crushing recession that can’t be reversed with central bank magic, a recession that only deepens with … Continue reading
Communist states that remove the reward incentive for hard work eventually collapse and fail. I have written articles before about this ranging from an article on Thanksgiving (Plymouth Colony was initially communist, until massive starvation deaths followed the end of hard work; for when some farmers started to slack off, others got jealous and angry … Continue reading
from this article at beforeitsnews.com: Dr. Jim Willie: America’s Truth Will Shock You – Billions Shorting Market To Prep For Apocalypse (Video) Rogue economist Jim Willie suggests that all big banks are insolvent, crisis and collapse are imminent, as is the US Dollar’s loss of global reserve status, all of which would quickly lead to … Continue reading
from Marc Slavo’s article at SHTFplan.com – http://www.shtfplan.com/headline-news/watch-theres-an-effort-underway-to-tear-up-the-constitution-as-the-economy-nears-collapse_07252017 “When it comes to state of our economy and the corruption of our government, most of us are on the outside looking in. We see the results of our government’s collusion with corporations and banks, but we don’t really know what goes on behind closed doors and … Continue reading
I think it’s a damn shame that Marine Le Pen so obviously could be the next Joan of Arc if French voters could think for themselves. She was the only one who would even try to save France from the immigrant invasion Europe seems so determined to inflict upon itself no matter what the price … Continue reading
I know. The chart of European banks borrowing US Dollars (despite the WTF spike in late September) has nothing to do with derivatives. According to this article at Zerohedge.com: JP Morgan’s Nicoloas Panigirtoglou warns: In our opinion it is not so much funding issues but rather derivatives exposures that more likely to trouble markets going … Continue reading
“On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Consumer Financial Protection Bureau, the largest penalty the agency has ever issued) for engaging in pervasive fraud over the years which included opening credit cards secretly without a customer’s consent, creating fake email accounts to sign up customers for online … Continue reading
Jim Rogers explains why massive debts and the greedy currency manipulation by central banks and our Federal Reserve will inevitably lead to systemic collapse. The reaction before the crash is low interest rates as a financial stimulus to borrow and spend. But once faith in the currency and the government begins to unfold, the collapse … Continue reading
Deutsche Bank’s “CEO, John Cryan, warned in a guest commentary ahead of the Handelsblatt Banking Summit titled, appropriately enough “Banks in Upheaval”, to be held in Frankfurt on August 31 and September 1, that “monetary policy is now running counter to the aims of strengthening the economy.” full original article at http://www.zerohedge.com/news/2016-08-24/deutsche-bank-ceo-warns-fatal-consequences-savers He was also … Continue reading
I know Jim Willie has been talking about imminent economic collapse for a long time, and those who bring up Chicken Little are right – he has said the sky is falling someday soon for many years. But countless financial indicators and commentators are finally suggesting he is right – that dollar collapse and a … Continue reading
Deutsche Bank has already announced about 200 bank branch closures in Germany. We know they offered extremely high interest rates on new deposits some months ago, hinting that interbank lending to them had ceased – that their fellow large banks were unwilling to keep loaning money to them through normal channels. Their stock price has … Continue reading
From the recent article by Jeff Desjardins: “It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed. After a hard-hitting sequence of scandals, poor decisions, and unfortunate events, Frankfurt-based Deutsche Bank shares are now down -48% on the year to $12.60, which … Continue reading
From the recent Jim Willie article of the same name above: “The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce. In reaching these levels, the ratio will return to the 30-1 range. The ruling bankers realize … Continue reading
Wolf Richter wrote an article yesterday titled: I’m in Awe at How Fast Deutsche Bank is Coming Unglued He warns: “Deutsche Bank – “the most important net contributor to systemic risks,” as the IMF put it last week after a lag of several years – is having a rough time. Shares dropped 4.2% today to … Continue reading
Full original article by Hubert Moolman on Gold-Eagle.com “Gold is currently trading in excess of $1300 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence … Continue reading
Jim Willie “says as a result of the US Dollar Collapsing, Western Banks, Bonds, and Currencies are all on the verge of collapse right now. Once one bank goes, ten will follow. Jim’s pretty firm when he says that Deutsche Bank Will Fail First, Then Barclays, Followed by Citigroup, and More Will Fall Like Dominos After … Continue reading
Jim “Willie, who recently stated that Deutsche Bank is under major duress and could be the first major bank to collapse in the next stage of the banking crisis, informed The Doc that unlike the collapse of Lehman Brothers in 2008 which the Western Central banks were able to contain thanks to $13 T in … Continue reading
Part of the official communist plan was to get America to bury itself in massive debt. All presidents and all administrations are guilty of growing our debt, but Obama has championed the idea to a new and crushing level from which the nation will never recover. It is an insidious way to slowly drain a … Continue reading
Submitted by Jeff Thomas via InterntionalMan.com, as I found the article at Zerohedge.com A global conspiracy to make holding cash illegal – it’s happening now: “Back in 2008, I began warning of increasing capital controls that we would see in the future, as a component in the decline of Western economies (Western in the broad … Continue reading
AWWWW, those poor big banks will have to pay back a fraction of a per cent of their illegal profits – why that almost qualifies as a slap on the wrist! Way to go, corrupt politicians! Make it look like you’re fighting corruption (but not too much, don’t bite the hand that feeds you.) Remember … Continue reading