I personally do not believe that while Deutsche Bank should collapse, it will not be allowed to. It may need to be nationalized or its debt “restructured” and bailed-in. Who knows? All I know is that the entire financial system …
Erik Townsend interviewed by Jason Burack on Wall St For Main St In this interview, Jason asks Erik if central banks have a viable exit strategy to remove liquidity? Erik thinks they will try but no one knows for sure what will happen …
by howmuch Banks have largely been against cryptos, often citing the volatility and the ability to be used for money laundering. This is a bit of an ironic criticism coming from banks that are seemingly paying massive sums of money on a …
Looks like the FBI was told about the mass murderer before he went on a rampage that left 17 dead in a Florida high school this week. This isn’t the first time the FBI was tipped off about a mass …
The Canadian housing crisis is imploding, sales have dropped on existing homes. Inflation is starting to pick up, once inflation gets going the central bank will not be able to control it. The central banks are beginning to move into …
https://www.youtube.com/watch?v=BU98MSClziA Today’s Guest: Brandon Smith Websites: Alt-Market http://www.alt-market.com
by Brandon Smith If you have been following the public commentary from central banks around the world the past few months, you know that there has been a considerable change in tone compared to the last several years. For example, officials …
by Simon Black Yesterday morning, several banks in Australia started rolling out a new payment system they’re calling NPP, or “New Payments Platform.” Until now, sending a domestic funds transfer in Australia from one bank to another could take several days. …
Central Banks Now Own 33% of All Global Sovereign Debt Because who else would buy it? You can get trapped in a liquidity event even when you hold something very valuable if you need to sell with urgency and the …
by Jim Rickards via Daily Reckoning To understand the risk of contagion, you can think of the marlin in Hemingway’s Old Man and the Sea. The marlin started out as a prize catch lashed to the side of the fisherman Santiago’s boat. But, once …
Some of the world’s biggest banks are acting to prevent their customers from using credit cards to buy bitcoin. In the U.K., Lloyds Banking Group (LLDTF) said Monday that it will no longer accept transactions involving the purchase of cryptocurrencies …
https://www.youtube.com/watch?v=kegvVTeeZzU Today’s Guest: Jason Burack Websites: Wall St For Main St http://wallstformainst.com YouTube: WallstforMainst https://www.youtube.com/user/WallStFo…
via the MacroTourist Last week, markets got all excited about comments from Bank of Japan Governor Kuroda that Japan’s inflation is “finally close” to the BoJ’s 2% target. Overnight, there were suddenly all sorts of articles speculating on the end of …
by Kimble Charting Banks started showing cracks back in 2007 and before long they started breaking support and fell hard. The current bank trend remains UP at this time. The trend finds itself back at 2007 highs, where bulls would NOT want to …
Biometric authentication “will be of great benefit to everyone.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mastercard has set a deadline for widespread use of biometric identification for its services across the whole of the EU: April 2019. Mastercard Identity …
From Quartz: Late last year, China’s Xi Jinping said it was time for the nation to “take center stage in the world.” There are many ways for China to do this, including promoting globalization, boosting foreign aid, and developing advanced technologies. Another critical step in …
by AMY S. If the United States experiences a horrifying economic collapse (and it most definitely will), will that cause a complete and total collapse of society? Will we experience crime, violence, riots and social unrest on a scale that is …
US banks suffer 20% jump in credit card losses The big four US retail banks sustained a near 20 per cent jump in losses from credit cards in 2017, raising doubts about the ability of consumers to fuel economic expansion. …
by Charles Hugh-Smith This is one reason why I anticipate “unexpected” disruptions in the global economy in 2018. The mere mention of “central banks” will likely turn off many readers who understandably have little interest in convoluted policies and arcane mumbo-jumbo, …
Josh Sigurdson talks with author and economic analyst John Sneisen about a story that really should be hitting the front pages throughout Canada. Several Canadian banks have been accused of rigging rates to boost profit. According a class action suit …
by Shaun Richards The credit crunch era has brought us all sort of themes but a lasting one was given to us by Brazil’s Finance Minister back in September of 2010. From the Financial Times. “We’re in the midst of …
Visa locks down Bitcoin payment cards in crackdown on card issuer Thousands of Bitcoin users have had their pre-paid cryptocurrency cards shut down in a crackdown by Visa on a card provider. Several major pre-paid cards that allow users to make payments …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Under pressure from the banks, the government may take down the site. There is no telling if the Consumer Financial Protection Bureau (CFPB) will even survive the next few years, given the opposition to it in the …
By Michael Snyder After Bitcoin, can you name the second largest cryptocurrency? Until recently it was Ethereum, but now it is Ripple. At the start of last year, Ripple was trading for less than a penny, and even just a …
Since the great recession the economy has been pumped with stimulus, manipulated government stats and propaganda from the Fed. The peoples economy is struggling,retail is a disaster and the other stats were manipulated to convince the public that the economy …
Here’s a summary from the report which succinctly explains the potential debt crisis and how the world’s central banks have painted themselves into a “monetary policy corner”: “Otherwise, over long horizons, failing to constrain financial booms but easing aggressively and …
From Birch Gold Group Market crashes often happen not when everyone is worried about them, but when no one is worried about them. That’s why one of the biggest risks in the stock market right now is complacency. It’s become a …
Why is this not front page news in the west? So it must be looking good, as super-loose monetary policy seems to have peaked and central banks are “talking the talk” and “walking the walk” for normalisation and tighter policy …
by Geoffrey Grider At least three liberal nonprofit organizations the Justice Department approved to receive funds from multibillion-dollar mortgage settlements were instrumental in killing the ObamaCare repeal bill and are now lobbying against GOP tax reform, as well as efforts to …
Resource analyst and futurist Chris Martenson points out, “The Dow is hitting all-time highs. So, it can’t be that bad, right? The Dow is used as a signaling device, and it says have faith in your leadership and everything is …