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
In a normal, healthy, functional economy, banks operate to make money – profit – interest – by loaning to home borrowers. In today’s brink of Great Depression II Bizarro world of government mandated financial shenanigans, banks have been pressured to offer negative interest rate mortgages to keep the party going. Some people suggest there is … 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
I found this article on the likely future economic collapse at Zerohedge.com here: “Via Greg Hunter’s USA Watchdog blog, Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. All the banks are connected. Money flows … Continue reading
In my own books, I suggest that the American population only becomes desperate enough to allow dictatorship if total economic collapse occurs on a level that ushers in other biblical end times events. If economic problems intensify enough, they focus the intensity of all other social problems as everyone looks for a scapegoat and an … 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
Full original article and video interview with Greg Hunter article HERE “Trends forecaster Gerald Celente has been predicting a financial panic in 2016. How close are we? Celente says, “I believe we are very near an inflection point coming up very soon. . . . . There has never been such a thing as zero … 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
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
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
the current bubbles are so large and fragile that air is already coming out with rates still locked at zero. However, unlike prior bubbles that pricked in response to Fed rate hikes, the current bubble may be the first to burst without a pin. It appears the Fed fears this and will do everything it can to … 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