Category Archives: Financial

Deutsche Bank Plunges On Latest Debt Trading Revenue Warning

First it was Jefferies. Then Citi. Now it’s Deutsche Bank’s turn: More…

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Peter Boockvar: “There Is 0% Chance That This Ends Smoothly”

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Eric Sprott Exclusive: The Fed Has Lost Control of the Bond Market!

httpv://www.youtube.com/watch?v=E6FAL1eRgjg#t=56s More…

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It Begins: Monte Paschi “Bails In” Bondholders, Halts $650 Million In Coupon Payments

Recall that three weeks ago we warned that “Monti Paschi Faces Bail-In As Capital Needs Point To Nationalization” although we left open the question of “who will get the haircut including senior bondholders and depositors…. given the small size of … Continue reading

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Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe

Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again.  In fact, Cyprus-style wealth confiscation is already starting to happen all around the world.  As you … Continue reading

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20 Ordinary Americans Talk About The Economic Despair That Is Growing Like A Cancer All Around Them

There are hundreds of formerly prosperous communities all over America that are being steadily transformed into rotting, decaying hellholes.  The good paying middle class jobs that once supported those communities are long gone, and they have been replaced with low … Continue reading

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Million American Jobs Project

httpv://www.youtube.com/watch?v=4FrGxO2Fn_M From YouTube: Economics isn’t all that complicated. We can create a million new American jobs this year by simply looking for the Made In America label. If each of us takes a tiny fraction of the money we’re already … Continue reading

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$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBS Than Publicly Held Debt Amassed From Washington Through Clinton

The same day that the Federal Reserve’s Federal Open Market Committee announced last week that the Fed would continue to buy $40 billion in mortgage-backed securities (MBS) and $45 billion in U.S. Treasury securities per month, the Fed also released its latest weekly … Continue reading

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Fed Monkeys Lose Control!

httpv://www.youtube.com/watch?v=HUQTExQUSk8#t=33s From YouTube: On this week’s Metals & Markets, Turd Ferguson returns to the show to discuss: 1. Fed lunacy: placing this week’s no-tapering and Friday’s MOPE with manipulative metals smash into perspective 2. Political trends: US “peak empire” and … Continue reading

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Obama Rang the Bell

See additional comments on Tea Party Nation. Mellon pulled the whistle, Hoover rang the bell, Wall Street gave the signal And the country went to hell. The above words were chanted by the veterans of the Bonus Army just prior … Continue reading

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For Those Still in Denial…

The following figures reflect the new information contained in the latest OCC report… JPMorgan Chase Total Assets: $1,948,150,000,000 (just over 1.9 trillion dollars) Total Exposure To Derivatives: $70,287,894,000,000 (more than 70 trillion dollars) Citibank Total Assets: $1,306,258,000,000 (a bit more … Continue reading

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Rick Santelli Exposes The “Wimpy” Economy

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Simon Black: After $1+ trillion, the Fed can’t even create jobs in the banking industry

One of those generally accepted truths that most people believe is that banks are safe. We seem to be told this for our entire lives… that banks, in their grandiose buildings and marble floors, are veritable rivers of money. We’re … Continue reading

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Bank of International Settlements (BIS): The most powerful bank in the world announces the crash

Translated from the original German article: The Bank for International Settlements (BIS) is the current situation on the financial markets as worse than before the Lehman bankruptcy. The warning of the BIS could be the reason why the U.S. Federal Reserve … Continue reading

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Obama: ‘Raising the Debt Ceiling…Does Not Increase Our Debt’

In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it’d been done so many times in the past: “Now, this debt ceiling — I just want to remind people … Continue reading

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