Category Archives: Financial

Chinese Banks Ready to Go Bust

Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling … Continue reading

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Ryan: IRS Bonuses During Pentagon Furloughs ‘Outrageous’

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There Goes Greece (Again)

  Greek Bonds Plunge As Ruling Coalition Partner Pulls Out, Withdraws Ministers As reported yesterday, Greece has stormed right back to the top of the crisis charts, not only due to the previously reported news that the IMF may be withholding … Continue reading

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Bonds Tumble With Stocks as Gold Drops in Rout on Fed

Bonds and stocks fell around the world, with shares in emerging markets sinking the most in 20 months, after the Federal Reserve said it may phase out stimulus and China’s cash crunch worsened. Gold led commodities lower. The 10-year Treasury note yield climbed six … Continue reading

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BAIL-IN OF WESTERN BANKING SYSTEM OFFICIALLY BEGINS AS UK’S CO-OPERATIVE BANK TO BAIL-IN £1.5BN WITH 100% LOSSES!

The bail-in of the western banking system has officially begun, as the UK’s Co-Operative Bank is seeking a £1.5bn bail-in recapitalization with junior bond holders and investors (including pension funds) facing a complete-100% wipe-out on £370m of permanent interest bearing shares (PIBS) … Continue reading

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The Sound Money Campaign – Your Future

httpv://www.youtube.com/watch?v=2bBfVsXXqVU

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David Stockman: Unshackling the Fed

The stage was thus set for the final “run” on the dollar and for a spectacular default by the designated “reserve currency” provider under the gold exchange standard’s second outing. And as it happened, the American people saw fit to … Continue reading

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“It’s A Massacre” – Each Day 134 Retail Outlets Close In Italy

If anyone is still not convinced that surging stock bourses in Europe are indicative of anything more than central bank liquidity, carry trade allocation and localized asset bubbles, we present a snapshot of what is actually happening on the ground … Continue reading

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ALERT: JP MORGAN INCREASES SLV HOLDINGS BY 500%!

The past few years of silver smashing has been all about letting JP Morgan extract themselves from that Silver short hot potato. That’s why the CFTC has not filed charges against them (yet) for silver manipulation. That’s why the banking … Continue reading

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Who Has Stayed Longer Than Wanted?

Ben Bernanke has now stated that he has stayed “longer than he wanted”. I agree with him and will extend this sentiment to the president Obama. As Obama’s poll numbers plummet, it appears that I am not alone in my opinion … Continue reading

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Empire Fed Headline Beats Despite Plunge In Most Indicators, “Labor Market Conditions Worsened”

And yet another baffle with absolute and unbelievable BS economic number is out, this time the Empire Fed index which magically spiked from -1.43 to 7.84 on expectations of a 0.00 print. We say magically, because besides the headline number, virtually everything … Continue reading

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Stunning Images From China: Ten Thousand People Waiting In Line To Buy Gold

Sometimes one must see to believe, in this case believe just how massive the raw demand for the shiny, barbarous relic is in China during times of relative monetary stability (in this case the Dragon Boat Festival). Now assume runaway inflation as we saw … Continue reading

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“The Market Would Have Collapsed” Had The PBOC Drained: Chinese Liquidity Shortage Hits All Time High

Those who have been following our coverage of the bipolar Chinese liquidity situation (most recently here and here) are well aware of the unique position the world’s fastest (if only on paper) growing economy finds itself in: on one hand, it is the … Continue reading

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Today’s Greek General Strike Will Not Be Televized

The Greek national broadcaster ERT situation is nowhere near a resolution, and the nation’s political stability remains in the balance with  Antonis Samaras’s coalition partners, Evangelos Venizelos of PASOK and Fotis Kouvelis of Democratic Left, appealing to him Wednesday for talks on … Continue reading

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Global shares pummeled, dollar slumps as rout gathers pace

World stocks were pummeled and the dollar slumped on Thursday as a sell-off on global financial markets in thrall to central bank stimulus accelerated. European shares .FTEU3 fell sharply in morning trading, dropping 1.3 percent after the second biggest fall in Japan’s Nikkei .N225 in over … Continue reading

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