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
Just as both end times Bible prophecy and Nostradamus prophecies warn, economic collapse and WWIII are very real dangers in the near future. Now China warns us: China warns US that trade war could escalate into ‘Great Depression & World War’ From Russia Today: “An escalation of the Sino-American trade conflict could lead to a … Continue reading
Every American president has imposed tariffs on foreign trade goods – and almost every other nation does it too – to protect their own national interests. Sometimes a tariff helps domestic businesses compete against foreign competition unfairly supported by foreign governments and their rules…. It is most effective and most needed (in my opinion) when … 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
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 the full original article by Marc Slavo at SHTFplan.com here “You know what’s so tragic about America? Despite all of the wars our nation gets involved in, we’re secretly one of the most peaceful cultures on the planet. We voted for George Bush, because he promised us a non-interventionist foreign policy. We voted for … Continue reading
If the economy collapses soon – and collapse is overdue, with the massive socialist debt America and the world has accumulated by abusing the ability to print and digitize unbacked paper currency infinitely – it won’t be the fault of anyone who just stepped into office. It would be the fault of Manchurian Candidates like … 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
“Blowback? Just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has responded with $14 billion fine on Deutsche Bank related to the DOJ’s outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.” “As reported last night, things for Germany’s largest, and … 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
As reported in this article at Zerohedge: “…in an unexpected outcome, German economic research institute ZEW found that Germany’s largest bank, Deutsche Bank, had the highest potential capital shortfall, as much as €19 billion in a study of 51 European banks using U.S. Federal Reserve stress test methods. The capital gap is greater than DB’s … 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
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
Two days ago, I posted a blog article about the second largest Japanese financial institution (Daiwa) concluding in its analysis for investors that the most likely, base case assumption going forward is for an economic crash in China to spread to a global depression right about – late 2015 into 2016. Now in case Westerners … Continue reading
from another article at Zerohedge.com “One bank that is now less than optimistic that China can escape a total economic meltdown is the Daiwa Institute of Research, a think tank owned by Daiwa Securities Group, the second largest brokerage in Japan after Nomura. Actually, scratch that: Daiwa is downright apocalyptic. In a report released on … Continue reading