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Bank stockholders and bondholders running away
Our neighbor to the north has their own problems; "The online survey of of 1,502 Canadians conducted between Sept. 6 and Sept. 12 also found 31 per cent are already not paying their bills on time" Canadians are just $200 away from being overwhelmed by debt, new survey finds | Financial Post
"This has put the system in an unstable equilibrium: on one hand, central bankers - as even they admit - need to hand over the growth impulse over to governments, yet on the other hand, they terrified of even the smallest change to the status quo as they know they may undo some 7 years of "wealth effect" creation overnight.
How much longer can this charade continue? "
"One of the key themes that have emerged in the past year is that, having loaded up their balance sheets with tens of trillions in various assets, central banks are "running out of road."
Bridgewater Calculates How Much Time Central Banks Have Left | Zero HedgeThe bondholders and stockholders are running scared; http://wolfstreet.com/wp-content/upl...-week-high.png
EU Banking Mayhem, One Bank at a Time, then All at Once | Wolf StreetUS: The Mega-Bubble That’s Going to Go Bust | New Eastern Outlook
You better get used to the death of banks, pension funds, hedge funds, insurance funds and retirement accounts.
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China problems,,,, Deutsche problems
Here is a chart that shows global wealth creation vs debt. Keep in mind that "they" believe that money printing is wealth creation; http://financialrepressionauthority....f_Envelope.jpg
Financial Repression Authority"It?s A Lot More Negative Than People Think" - China Beige Book Issues Stark Warning About The Economy | Zero Hedge
China bet the farm on housing as the "best bet" for storage of wealth. Most people in China can't afford to buy these houses. Wang says that housing as a store-of-value is a very bad idea; China's Richest Man Says Mainland Real Estate Is The "Biggest Bubble In History" | Zero Hedge
Jim Willie claims that the FED is doing a LOT more printing than it reports. This graph shows that it "is" printing a LOT less than other CBs http://www.zerohedge.com/sites/defau...and%20more.jpg
The FED doesn't report that it is sending $ trillions up and down the financial food chain to rescue every potential defaulter. https://www.peakprosperity.com/blog/...s-being-served
Lotsa charts on Deutsche bank. Keep in mind that their derivative book is around $ 70 trillion. There can't realistically be a bankruptcy and resolution that doesn't wipe out many other institutions. http://www.bloomberg.com/news/articl...k-in-12-charts
The ECB says that they aren't at fault for the problems in German banks; http://www.zerohedge.com/news/2016-0...fault%E2%80%9DComment
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Bogus plans from Bogus CBs
Draghi says that negative interest rates are helping everybody. The ECB just needs more time to make it all work out splendidly; Mario Draghi says everyone better off because of negative rates - Business InsiderThe night is still young.
Freight is expected to crash from it's summer peak. Truck sales are crashing. https://mishtalk.com/2016/09/29/heav...from-year-ago/
The BOE talks about perpetual ZIRP. Bank Of England Governor Warns Of ZIRP/QE "In Perpetuity" | Zero Hedge
The IMF clearly knows that austerity is NOT the answer but, they are still forcing it on Greece; The planned destruction of Greece continues … | Bill Mitchell – billy blog
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Henry George & Fred Harrison
There is much talk about how bad things are. There is much stupid speculation on how to fix the situation. ALL this talk and speculation is contingent on those in power holding on to all of their advantages.
There is another avenue that is well known; Social Credit.. This solution is generally offered as a solution financed by taxes and borrowing. That doesn't have a chance of a snowball in hell. Our Western economy is all built on the idea of unending growth. It can not exist with a static production level.
Sharia-compliant banking doesn't NOT depend on interest. The bank partners with the entrepreneur and takes a share of the profits rather than collecting interest. This is a more stable system.
The West has executed a "color revolution" in EVERY center of Islamic banking.
There is MUCH written about debt-free money and systems like WORGL.
The rich very much like their advantages. Warren Buffet said that his secretary pays more taxes than he does. How the IRS Helps the Rich Get Richer - Bloomberg
George; https://www.youtube.com/watch?v=VX5j7BOqoa8Comment
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What is a land patent on real estate?Originally posted by Danny B View Post
United States Land Patents, 1788-2012
AlComment
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Pitchforks for plutocrats. Death spiral of Deutsche bank
Along with the proposed Georgian land tax, there have been proposals for a tax on financial transactions,,, Tobin Tax
Tobin Tax Definition | InvestopediaAn Unfortunate Politico Promotion? | The Daily Bell
Julian Robertson has predicted that the crash will start in the bond market and spread out;
Hedge fund legend Steve Cohen is recruiting young trading talent in London and Asia - Yahoo Finance
140210505.html
It didn't work for Kuroda of Japan so, obviously, Yellen is going to try it.
Change has been in the air for quite some time. It's just that now, the air is quite noxious and stifling.
A bank run by any other name is still a bank run.
I told them 1 1/2 years ago that this was happening. They disagreed. I wrote back, " Rome wasn't destroyed in a day".
A paperless bank run.
The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash | Zero Hedge
Getting your cash out in time; I’m in Awe of How Fast Deutsche Bank is Falling Apart | Wolf Street
Deutsche Bank is counterparty to 55 *trillion* euros of derivatives ...
Moody's downgrades Deutsche Bank's ratings (senior debt to Baa2
What about the counterparties to the securities at Deutsche bank? http://www.bib.eu/content/1/0/6/0/2/...2016.03.17.pdf
What about the counterparties to these people?
senior debt to Baa2 For many investment firms, they are forced by their charters to withdraw from any corporation with a rating this low. The contagion from a bank run this large will spread all around.Comment
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The FED is getting prepared for something; Just Spotted In Front Of The New York Fed | Zero Hedge
All that hot money floating around has a huge amount control of the futures markets; The Biggest Scandal | SilverSeek.com
The speculators are making all the money. NOT the actual producers. In America, the egg market does not allow speculation. If you buy a future load of eggs, you must pay a 10% penalty for non-delivery. If this was applied to all markets, it would cut prices WAY down.
Gold has given a better return than Berkshire Hathaway. GOV must continually disparage gold to keep people in the markets where they can be robbed. Why Krugman, Roubini, Rogoff And Buffett Dislike Gold
That will undoubtedly fix everything.
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SDR substitution fund
I guess that we are going to hear a LOT more about special drawing rights.https://www.imf.org/external/np/sec/memdir/members.aspx
The Euro is failing because it locks all of it's member States into a single currency system even though their levels of productivity vary considerably.
The SDR would lock everybody into the same reserve system even though they could be created at will. This is definitely a bad recipe. China has initiated much of the revival of the SDR to get away from the dollar. This was before they bubbleized their banking system beyond all reason. It is impossible (for me) to give any prediction of how the dynamics of this would work out.Comment
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What would be the fallout from sovereign default?
The world economy is collapsing mostly because of corruption, falling wages and rising automation. The State GOV is going broke at all levels. The SDR is "backed" by sovereign governments. What happens when sovereign GOVs are insolvent and no longer able to pay?
Make no mistake, many States around the world are in serious competition. We talk of war with Russia and China. We are already in cyber-war with many States. What kind of economic cooperation are we going to have? When the sovereign debt collapse hits, every leader is going to worry first and foremost about feeding HIS countrymen.
Martin Armstrong On "The Coming Dark Age" | Zero Hedge
Everybody is worried but, nobody knows for certain what will blow first. We're Issuing a Formal Alert: Something Major is Coming in the Markets
Walter Burien shows that 45,000 GOV agencies have MANY $ trillions in cash and investments stashed away. http://www.cafr1.com/
Will this liquidity come into play? Is it actually available? Have the banks vaporized it. Will they take it if a bail-in is deemed necessary?
I haven't a clue.
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Promoting bank runs
Much of what was taught in schools of economic planning was only marginally applicable up until about 50 years ago. There were plenty of collapses but, they were fairly predictable with what economists already knew. Times have changed. We have instant global capital flows, global wage arbitrage, containerized shipping, birth control, automation, etc. The old, barely applicable rules are of no use now. Many of the fundamentals are still in force though.
Here is an article of total BS citing Alvin Hansen and Kark Marx. "The Only Way Out Is Creative Destruction" Sinn Fears "Self-Inflicted Malaise" | Zero HedgeThis Is How Much Liquidity Deutsche Bank Has At This Moment, And What Happens Next | Zero Hedge
This report was produced by Goldman Sachs.
"The head of Germany's financial regulator warned on Saturday of "negative perceptions that could lead to downward spirals on the markets", at the end of a week that saw Deutsche Bank shares battered by a crisis of confidence. Felix Hufeld,
But he said: "I warn people not to let themselves be drawn into a kind of downward spiral of negative perception. Not every nervous market reaction is backed by objective facts."
Roughly translated as "Don't panic, we have everything contained." Now where have we heard that before?"
This report was brought to you by J.P. Morgan It seems that they want to create a run on European banks.
According To JPMorgan, This Is The Biggest Risk Facing Deutsche Bank At This Point | Zero Hedge
Putting gasoline in the radiator.The Biggest Heist In Human History | Zero Hedge
Three Reasons Why The Banking System Is Rigged Against You | Zero Hedge
Jim Rogers is smoking loco-weed; https://www.rt.com/op-edge/361317-chinese-yuan-imf-sdr/
Max Keiser; https://www.rt.com/news/348307-keise...emic-collapse/
"Even gold is not as secure as un-hackable Bitcoin currency - Bitcoin Foundation CEO " Let me know when you get an un-hackable bitcoin.
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A lot more GOV debt than advertised
The FED, the president's working group on markets, and the exchange stabilization fund,This is Why US Gov. Deficit Numbers are a BIG Lie | Wolf StreetWARNING: We Are Going To Be Living In An Incredibly Chaotic World | King World News
The "fix" is in and GS and JP will make a killing shorting Detucshe Bank.
Yep, lowest common denominator is dragging down everybody.
Wait until the bond markets blow and see what the reserve currency is. Au
And people wonder why the military budget is so high.
She is a criminal, she isn't stupid.Comment
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The flambe of Deutsche bank
Deutsche bank has reduced their derivative exposure from $71 trillion to just $55 trillion. BUT, the big American banks smell blood and they are trying to create a death spiral of bad news, more withdrawals, bad news.
Lehman received a bailout BUT, Treasury sec Paulson was from Goldman Sachs and he later locked Lehman OUT of access to their capital that they wanted to liquidate to stay alive. GS was happy to kill Lehman and take the best parts real cheap.
The proposed settlement amount is $ 14 billion. They don't have it. Every day that goes by sees their capital base falling. GS/U.S. regulators can stall until death. By now, the shorts have taken positions. EVERYONE will join in.
Merkel did exactly the wrong thing with the Greek crisis.
Merkel did exactly the wrong thing with the muslim influx.
There is a good chance that she will do the wrong thing for Deutsche bank.Comment
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The CB is the greater fool that everybody depends on.
The banks should have crashed in '08. The FED/GOV didn't want them to fall so, they pumped in money.
"No, the great Pyrrhic victory of the Fed has been to enable the third most extreme financial bubble in history, on the basis of capitalization-weighted indices, and the single most extreme bubble in history from the standpoint of individual stocks."
"Every financial bubble rests on the presumption that there is still some greater fool available to purchase overvalued assets, no matter how overvalued they might become. In the recent half cycle, central banks have intentionally extended this speculation by promising that they, themselves, could be relied upon to be those greater fools. "
"central banks (whose activist interventions have essentially zero correlation with subsequent real economic outcomes). "
"the bubble peak in 2000 was the most extreme level of valuation in history on a capitalization-weighted basis, the recent speculative episode has actually exceeded that bubble"
Hussman Funds - Weekly Market Comment: Sizing Up the Bubble - October 3, 2016Subprime Auto-Loan Backed Securities Turn Toxic | Wolf StreetMore Confessions Of An Economic Hit Man: "This Time, They?re Coming For Your Democracy" | Zero Hedge
There is a U.S.---EU war of fining each other; https://www.rt.com/business/361419-d...-economic-war/Bubble Watch: Experts Sound Alarm on Chinese Real Estate
Maybe real estate isn't such a good store of value after all.
The gold manipulations go on and on; http://kingworldnews.com/andrew-magu...-market-today/Comment
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