December 5, 2022 by Michael If you thought that the collapse of FTX was something, just wait until the entire global financial system comes crashing down all around us. Most people just assume that the system is […]
For years there has been much talk about how “Derivatives” are a gigantic problem, and if Derivatives Markets collapse, it is the end of the financial world as we know it. We looked at Bank […]
by Tyler Durden Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central […]
by Tyler Durden Banco Popolare is dragging the rest of the Italian banking system drastically lower today after a“susprise” Q1 loss driven by soaring bad loan writedowns. Banco Popolare is down 14% on the day […]
By Jeff Nielson It has now been more than two and a half years since the Cyprus Steal , the first “bail-in” perpetrated in the Western world, occurred. Before reviewing the history of this newest […]
“All truth passed through three stages: First it is ridiculed. Second it is violently opposed. Third it is accepted as being self evident”. – Arthur Schopenhauer Once the truth about silver value becomes evident, it […]
Anyone with any sense for global economic trends ought to be worried. The signs are everywhere of a serious deflationary crisis. It is obvious that Chinese growth is falling. The prices for energy and the […]
By Stephen Lendman When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with […]
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