Oct 03 09:14

Deutsche Bank shares touch fresh record lows as big clients flee

Deutsche Bank stock fell eight percent to $11.48 per share in early Friday trading on reports several big hedge funds withdrew billions of dollars to cut exposure to the German lender.

The share price of Germany’s biggest bank is down over ninety percent since their peak of $127.81 in April 2007.

Oct 03 09:13

Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage"

While it now seems that Friday's rumor of a substantially reduced Deutsche Bank settlement with the DOJ, which sent the stock price soaring from all time lows, was false following a FAZ report that CEO John Cryan has not yet begun the renegotiation process, and in the "next few days" is set to fly to the US to discuss the proposed RMBS misselling settlement with the US Attorney General, Germany's largest lender continues to be impacted by the public's declining confidence, exacerbated over the weekend by a disturbing "IT glitch."

For one, it remains unclear if Friday's report halted, or reversed, the outflow of cash from DB's prime brokerage clients, which as Bloomberg first reported last week was a major catalyst for the swoon in the stock price. However, as UniCredit's chief economist Erik Nielsen notes in a Sunday notes, one thing is certain: "so long as a fine of this order of magnitude ($14 billion) is an even remote possibility, markets worry."

Webmaster's Commentary: 

Yeah, yeah ... sure, sure. An It glitch. That's all it is. Just a glitch. We have plenty of money. It's just a glitch the customers who want their money out of a failing bank can't get it. It's just a glitch!!!!! Yeah, yeah ... sure, sure.

Oct 03 09:09

‘Deutsche needs MIRACLE to survive' Damning verdict of expert who PREDICTED trouble

The bank needs a miracle to cope with further troubles, such as the looming £10billion fine from US authorities and business losses, according to Paul Gambles, a managing partner at advisory firm MBMG International.

The strategist raised the alarm over Deutsche's debts three years ago.

The bank has subsequently seen more than half its value wiped in 2016, as investors run for the door.

Now Mr Gambles predicts Berlin will have to intervene to keep Deutsche afloat amid future woes.

Oct 03 09:06

Cash-strapped Saudi Arabia switches to Gregorian calendar to pay civil servants less

Saudi Arabian civil servants will lose 11 days of pay after the country switched to the Gregorian calendar, the predominant format for organizing time in the West. The switch is part of austerity measures meant to curb the budget deficit.

Oct 03 08:40

WSJ Reports "No Settlement Deal" Between Deutsche, DOJ As German Econ Minister Slams Deutsche Bank

As we predicted on Friday, and as we reported earlier today, the AFP "story" of a $5.4 billion revised settlement between DB and DOJ was indeed "sources" on Twitter, and had no basis in reality. The reason: not only has John Cryan barely started the negotiations with the DOJ, and is set to arrive in the US this week to beg for mercy, but as the WSJ, which broke the original settlement story more than two weeks ago just reported, Deutsche Bank’s settlement talks with the DOJ are continuing, "with no deal yet presented to senior decision makers for approval on either side."

The talks are moving forward, but they have "not progressed to a degree that a proposed deal has reached senior-level review at the Justice Department or with Deutsche Bank’s supervisory board, people familiar with the matter said."

Oct 03 08:33

JPMorgan Joins Yellen and Summers In Hinting The Fed May Buy Stocks Next

During her latest testimony in Congress, when asked by rep Mick Mulvaney if the Fed has considered buying equities, Janet Yellen had a cryptic, yet open to interpretation answer: "the Federal Reserve is not permitted to purchase equities. We can only purchase U.S. treasuries and agency securities. I did mention in a speech in Jackson Hole, though, where I discussed longer term issues and difficulties we could have in providing adequate monetary policy. Accommodation may be somewhere in the future, down the line that this is the kind of thing that Congress might consider."

Webmaster's Commentary: 

So, the FED will create money out of thin air, and buy stocks with it to manipulate the market and make it go higher.

Of course, if you or I did anything like this we would be in jail!

But bankers are above the law!!!!!!!

Oct 03 07:57

Minnesota Hiking Obamacare Premiums At Least 50% To Avoid ‘Collapse’

Minnesota will let health insurers increase their rates by at least 50 percent next year to protect the state’s Obamacare health insurance individual market from “collapse,” the state announced Friday.

The announcement came from Minnesota commerce commissioner Mike Rothman, who explained bluntly that the state’s individual market was barely staying afloat.

“The Commerce Department pursued every option within its power to avert a collapse this year,” said Rothman. “We succeeded in saving the market for 2017, with only Blue Cross leaving. But the rates insurers are charging will increase significantly to address their expected costs and the loss of federal reinsurance support.”

Webmaster's Commentary: 

So let me get this straight: do the people who cannot afford insurance after these stunning rate hikes just simply lose their health insurance, and then get penalized?!?

This absolutely should not be happening to Americans, and it bites, big-time.

Oct 03 07:07

Near ‘Collapse,’ Minnesota to Raise Obamacare Rates by Half

Minnesota will let the health insurers in its Obamacare market raise rates by at least 50 percent next year, after the individual market there came to the brink of collapse, the state’s commerce commissioner said Friday.

Oct 03 02:14

Are you ready for the October panic?

Oct 02 20:39

Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage"

Deutsche Bank suffered a further blow to its image over the weekend with a third alleged "IT outage" in the space of a few months on Saturday, that prevented some customers getting access to their money for a short time: "Customers can not access their cash because it is blocked", a customer complained to Germany's Handelsblatt.

Oct 02 10:21

“October Surprise”? Sudden Economic Meltdown Could Throw Elections, Decide Next President

The warning is out there.

What happens between now and the elections could be more chaotic than (almost) anyone imagined.

Hillary has been struggling in the polls, and Trump had some difficult moments in the debate. As it stands, things could swing either way, and the establishment has more than one trick up their sleeve.

But are they planning another notorious ‘October Surprise’ to bring an unpredictable and superseding factor into the account before the election? The Iranian Hostage crisis gave Reagan and the shadow government team backing him the secret advantage in 1980.

Today, we could see something truly unforeseeable, and it could launch one of the two candidates right into office.

Namely, if the shoe drops on the economy before November, it will be clear we are in a whole new ballgame.

And it could happen.

Oct 02 10:06

The Most Important Story You Didn't See This Week

Oct 02 09:51

Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts

One day after Deutsche Bank stock soared from all time lows, on the back of what so far appears to have been a fabricated report sourced by AFP which relied on Twitter to "inform it" that the DOJ would reduce its RMBS settlement with the German Lender, today Bloomberg reported that Deutsche Bank and six of its managers were charged in Milan for colluding to falsify the accounts of Italy’s third-biggest bank and manipulate the market.

Oct 02 09:39

Top ex-bankers indicted in Italy over derivatives scandal

The accused in the trial due to open December 15 include Giuseppe Mussari, former chairman of the BMPS Foundation, his former chief executive Antonio Vigni, six former employees of Germany's Deutsche Bank and two of Japan's Nomura bank.

The alleged crimes, committed between 2008 and 2012 and key to a scandal
that has rocked BMPS since 2013, concern false accounting, share manipulation
and obstructing regulators from Consob, Italy's stock exchange watchdog.

The investigation focuses on derivatives trades called Santorini and
Alexandria, conducted with Deutsche Bank and Nomura respectively to hide
losses equivalent to two billion euros ($2.2 billion).

The trial comes at a particularly tricky time for the oldest bank in the
world -- BMPS was founded in 1472 -- as it is in the process of offloading 9.2
billion euros in non-performing assets and is urgently seeking new capital of
up five billion euros.

Webmaster's Commentary: 

The massive fraud being committed by the bankers is a signal that the real economy of jobs and consumerism has already crashed. Fraud is the final step before the crash.

Oct 02 09:36

Germany eyeing €3bn investment in Iran

Iran says Germany is preparing to implement an action plan to invest €3 billion in different industries of the Islamic Republic.

Oct 02 09:33

History of World War II: Nazi Germany was Financed by the Federal Reserve and the Bank of England

The recent resolution of the parliamentary Assembly of the OSCE fully equalizes the role of the Soviet Union and Nazi Germany at the outbreak of the Second World War, except that it had the purely pragmatic purpose of extorting money from Russia on the contents of some of the bankrupt economies, intended to demonize Russia as the successor state to the USSR, and to prepare the legal ground for the deprivation of her right to speak out against revision of results of war.

But if we approach the problem of responsibility for the war, then you first need to answer the key question: who helped the Nazis come to power? Who sent them on their way to world catastrophe? The entire pre-war history of Germany shows that the provision of the “necessary” policies were managed by the financial turmoil, in which, by the way, the world was plunged into.

Webmaster's Commentary: 

Oct 02 09:26

Merkel Says Brexit is Warning Shot to the EU, Urges No More Treaties

Britain’s decision to leave the European Union is a warning to the rest of the bloc, which must learn to take decisions faster rather than looking to agree new treaties, German Chancellor Angela Merkel said on Friday.

“This is a warning shot to all of us to reconsider once again: What does Europe mean for us? What must Europe change to be successful in the eyes of the people?” Merkel said in a speech to her Christian Democrats in North Rhine-Westphalia.

Webmaster's Commentary: 

1. Keep Europe for the Europeans.

2. Get rid of the ECB!

Oct 02 08:24

Eustace Mullins - Adolf Hitler & the Central Banks

Oct 02 08:22

Pine Island restaurant shuts its doors for good

The Rainbow Cafe in Pine Island has been a local hot-spot for years.

People in the area have always known it as "Rainbow Cafe", even when it started back in 1942.

Jennifer Richards and Jeremy Olson bought the store eight years ago and refer to it as their first child.

But after 8 p.m. on Friday, they closed the doors to Rainbow Cafe for the last time.

Oct 02 08:09

Rothschild Doubles Down on Gold as Banking Collapse Begins, Germans Told to Stockpile Food/Water

The collapse of Deutsche Bank would most likely begin a cascade of Western banking institutions falling like dominos (which could include Barclays in London and CitiGroup in the U.S.). According to the same expert who valued Lehman’s worth at it’s collapse, Deutsche Bank’s current value of $1 trillion dollars is significantly more than Lehman Brothers’ valuation during their collapse in 2008.

The contagion from a collapse of this magnitude could potentially trigger a systemic banking collapse the likes of which the world has never seen. The EU would almost certainly disintegrate upon a collapse of this magnitude, as Deutsche Bank is the largest bank in Germany — which is essentially the financial heart and soul of the EU.

When Jacob Rothschild says that he is buying gold because the central banks are out of control, you begin to understand the scope and magnitude of what is transpiring, as his family has been in de facto control of the world’s central banks for centuries.

Oct 01 15:52

TISA, TTIP and TTP – Corporate Hegemony and Economic Warfare

Waking Times

TISA, TTIP and TPP continue to be negotiated in secret, as WikiLeaks recently released a new leak from the updated TISA (Trade in Services Agreement) core text and annexes. If you want to know what TISA means in 7 words, it’s this: total privatization and commodification of public services.

Oct 01 13:17

This Could Set Off Another Great Depression

Oct 01 12:21

Deutsche Bank: Global Margin Calls Begin

Oct 01 10:15

What Happened When New Zealand Got Rid of Government Subsidies for Farmers

In 2006, Chris Hausman, a fourth-generation Midwestern farmer long accustomed to depending on government support for survival, traveled across the world to witness a revolution in agriculture.

It had been more than 20 years.
“It’s easy to look back at it and say this was a good decision and farming benefited, but to actually live through it was a very difficult experience,” a NZ farmer says.


Today, New Zealand’s farmers are some of the world’s most productive and innovative.

Removing government assistance completely, New Zealand officials say, freed farmers to produce what people really want, and to do so in an efficient way that could turn a profit.

Since the reforms, New Zealand farmers have cut costs, diversified their land use, and developed new products, Clark says.

Additionally, productivity in agriculture has grown faster than the New Zealand economy as a whole.

Oct 01 09:51

Found Dead: JP Morgan Bank Administrator And Her [Trader] Sister Added To The Growing List Of Dead Bankers By Unnatural Causes

Autopsy Results ~ Excess water found in brain, lungs of Annie Korkki, Robin Korkki, sisters found dead in Seychelles. Anne Marie Korkki, 37, of Denver, died of “acute pulmonary and cerebral edema,” police said. Her sister, Robin Marie Korkki, 42, of Chicago, died from “acute pulmonary edema.” [The reason why they may have had the condition remains a mystery.]

Oct 01 09:33

Costco faces lawsuit over improper sales tax collection

A New Jersey couple on Friday filed a class-action lawsuit against Costco Wholesale, alleging that the warehouse retailer is illegally charging sales tax on toilet tissues — a product exempt from the state's 7% sales tax — CNBC reports.

Oct 01 09:29

The Deutsche Bank “Near Collapse” and the Global Financial Crisis

Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling and intersecting with economic and political tensions between the major powers. These geo-political conflicts are, in turn, intensifying the financial crisis.

The financial position of Deutsche Bank has been of concern for a number of years, with the International Monetary Fund saying last June that it appeared to be “the most important net contributor to systemic risks in the global financial system.” But the immediate cause of the present crisis was political.

Webmaster's Commentary: 

Karl Marx once made the observation that all wars are economic in nature.

When you see the US government shilling so hard for wars against Russia, China, Syria, and North Korea, you have to know that the economic underpinning of the US economy has become rotted to the core.

Oct 01 08:29

Most Americans Would Rather See $38 Billion Invested In Vets & Education Than Israeli Military Aid

The announcement of a massive new aid package recently offered to Israel isn’t sitting well with many Americans, who would rather see the money used domestically, according to a new online poll.

Webmaster's Commentary: 

"Well, it's not up to you to decide how we spend your money! As long as I have anything to say about it, Israel is your master, and you damned well better get used to it!" -- Hitlery

Oct 01 07:47



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Oct 01 07:45

Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts

One day after its stock soared from all time lows, following what so far appears to have been a fabricated report sourced by AFP which relied on Twitter as a source that the DOJ would reduce its RMBS settlement ask with Deutsche Bank from $14 billion to below $6 billion (and which neither the DOJ nor Deutsche Bank have confirmed for obvious reason), moments ago Bloomberg reported that six current and former managers of Deutsche Bank, including Michele Faissola, Michele Foresti and Ivor Dunbar, were charged in Milan for colluding to falsify the accounts of Italy’s third-biggest bank, Monte Paschi (which itself is so insolvent it is currently scrambling to finalize a private sector bailout) and manipulate the market. Two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena were also charged.

Webmaster's Commentary: 

Looks like someone pulled a "pump and dump" on Deutsche Bank, buying low, and running up the stock price with a bogus report that the DOJ was writing off most of the $14 billion fine from Deutsche Bank's role in the 2008 mortgage-backed securities fraud, then selling out before Deutsche Bank or DOJ could deny, making a handsome profit.

So, Deutsche Bank is still on the hook for the whole $14 billion, and worse, has been caught in yet another fraud.

When does it sink in? All bankers are crooks and cheats!

Oct 01 07:40

GERMANY – Deutsche Bank About To Implode And Decimate The Global Economy

The most prominent bank in Germany is at risk of failure, with potentially profound effects for the EU, the United States and likely the rest of the world. Deutsche Bank shares have fallen sharply on the news that German Chancellor Angela Merkel won’t bail-out the struggling bank, with shares falling by as much as six percent in early Monday trading, making it the worst performance since 1992. Since January, the bank’s shares have lost over 52 percent of their value.

Sep 30 16:07

What to do when everything’s a bubble

Sep 30 15:23


Sep 30 15:04

Illinois Suspends "Billions Of Dollars" Of Investment Activity With Wells Fargo

Just when you thought you could relax into the weekend knowing that the US (and world) banking system was 'fixed' again thanks to a rumor from French press, Wells Fargo take another hit. Following California's decision to sever all banking ties with the bank, Illinois State Treasurer Michael Frerichs has confirmed his state's plans to suspend billions of dollars of investment activity with Wells Fargo.

Sep 30 15:04

Stocks Soar After French Press "Confirm" Deutsche Bank Near Settlement With DOJ

Seemingly confirming the rumor, Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department. This has catalyzed another leg higher in Deutsche Bank stock and lifted the whole market.

Sep 30 14:23

'My Name is F**k America!' Muslim Woman in Hijab 'Caught Committing Food Stamp Fraud'

Video out of New York shows a Muslim woman and her partner buying obscene amount of sodas with food stamps "in order to resell at their own store."

The way this scam works is these people pay to use other's EBT cards, "purchase" sodas at below market prices from big box stores, then resell them in their own gas station or convenience store for huge profits.

Sep 30 14:18

Donald Trump Is Right: America’s Infrastructure Is Falling Apart

The amount of money that the US Transportation takes in ever year, particularly within the Tri-State Area, is truly staggering – some would argue that is in the trillions of dollars per year with the obscene amount of tolls, taxes (federal state and local) as well as the other methods of raising revenue that should be earmarked for American infrastructure – the ultimate question is where the hell is all of this money going?

People constantly talk about “Auditing the Fed,” but what about auditing the US Department of Transportation?

Sep 30 13:03

What to Do to Prepare for Financial Collapse: “Get Out of Debt. Store. Prep. Cash. Gold.”

Mass unemployment. Loss of income. Heavy dependence on assistance. And the biggest strain on the system we can imagine.

The United States is once again brought to the brink of collapse. So what should you do?

What you can do, however, is lessen the impact that the collapse will have on you and your family.... Your best investment is getting out of debt. ... The only investments that are secure during a financial collapse are precious metals and real estate.

Read more at SHTF

Sep 30 12:42

Wells Fargo fined $24 million over servicemember loans

Wells Fargo & Co was fined about $24 million on Thursday by federal regulators for alleged violations of the Servicemembers Civil Relief Act, piling more pressure on the bank already embroiled in a sales abuse scandal.

Wells Fargo Bank, doing business as Wells Fargo Dealer Services, agreed to pay more than $4.1 million after the Justice Department alleged it repossessed 413 cars owned by servicemembers without obtaining a court order.

Sep 30 12:38

SHADOW REGULATION: THE SECRET LAWS THAT GIANT CORPORATIONS COOK UP IN BACK ROOMS The winner-take-all economy has turned virtually every industry into a cartel (four record labels, two cable companies, two phone operating systems, etc) who operate without

The winner-take-all economy has turned virtually every industry into a cartel (four record labels, two cable companies, two phone operating systems, etc) who operate without fear of competition regulation, allowing representatives of a few companies to gather in closed-door meetings to cook up operating agreements that end up having the force of law.

Sep 30 10:18

Hillary Clinton’s State Department Allowed Millions of Taxpayer Dollars to Be Spent Helping Companies Outsource American Jobs

Hillary Clinton’s State Department oversaw a government agency’s expenditure of millions of taxpayer dollars to help companies outsource American tech jobs to foreign countries.
In 2010, the U.S. Agency for International Development (USAID) spent tens of millions of taxpayer dollars building schools in Sri Lanka and Armenia, specifically to increase those countries’ outsourcing capacity to take away American jobs.

“The U.S. Agency for International Development (USAID) is an independent federal agency that receives overall foreign policy guidance from the Secretary of State… USAID plans its development and assistance programs in coordination with the Department of State,” according to the State Department’s website.

Sep 30 09:32

There’s currently a $2 quadrillion derivatives bubble, which is about to take down the entire global economy. ($2 quadrillion is 22 times all global GDP combined.)

ll the world’s largest banks are overleveraged on these toxic derivatives contracts: Deutschebank, Goldman Sachs, Wells Fargo, Bank of America, etc.

Sep 30 09:31

Will Financial Trouble for Deutsche Bank Lead To Another 2008 Type Financial Collapse?

If you look at your IRA or investment accounts today, there is a very good chance that your account balance has fallen. But if you haven't been following the saga of Germany's Deutsche Bank, you may not know why. The bank is in trouble. It has about $16 Billion in equity and according to a report from CNBC, it has $163 Billion in debt. The United States Government has also announced that it is trying to fine the bank $14 Billion for past behavior. And because Deutsche bank is central to the global banking system, if it fails it could just be the first in a series of dominos. The bank could become the poster-child for the problems with globalism.

Sep 30 09:27

Panic In The Kingdom: Saudi Currency, Bonds, Banks Extend Collapse Despite OPEC 'Deal'

Following Obama's 9/11 bill veto defeat yesterday, and despite a surge in oil prices after a 'deal' was struck by OPEC, Saudi Arabia's markets are signaling panic in The Kingdom. Currency forwards are collapsing, default risk is jumping, and bank stocks are hitting record lows...

Sep 30 09:27

Stocks Dump As Deutsche Doubts Drum Up 2008 Dread

"I would just stay away. It’s un-analyzable," Gundlach told Reuters in a telephone interview.

"It’s too binary. The market is going to push down Deutsche Bank until there is some recognition of support. They will get assistance, if need be."

Investors should continue to be defensive on financial markets as market selloff "doesn’t feel like its over."

Sep 30 09:25

Is another German bank in trouble? Commerzbank to cut 9,600 jobs and suspend dividend

Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity.

The bank said its decision to cut almost one in five of its employees worldwide and merge two of its largest businesses will result in a €700m write-off and a loss for this quarter.

Sep 30 09:24

Markets around the world plummet after shares in Deutsche Bank shed nearly nine percent as clients pull their assets – and the British boss rushes out email to staff to stop panic

Markets around the world were thrown into turmoil on Friday after shares in Germany's biggest lender Deutsche Bank plummeted nearly nine percent in Frankfurt amid fears about its viability.

By 0725 GMT, its shares had shed 8.83 percent to 9.91 euros ($11.07), after news that a number of hedge funds had pulled money out of the German giant owing to concerns over its financial strength.

Traditional Frankfurt rival Commerzbank was pulled down with Deutsche, losing 7.3 percent to trade at 5.38 euros.

Sep 30 09:24

PANIC As Margin Calls Begin: Deutsche Bank Has Financial System On The Cusp Of Collapse

DB stock is now in a full panic sell-off as I write this. It just hit another new all-time NYSE low on by the heaviest volume ever in the stock since its 2001 NYSE listing. It’s currently down almost 10%. No doubt the Central Banks will try to bounce it.

Deutsche Bank may well be the scapegoat this time around just like Lehman was the scapegoat in 2008. Central Banks in collusion can prevent just one bank from collapsing. It was the co-collapsing of AIG and Goldman Sachs that prompted then-Secretary of Treasury, ex-Goldman CEO Henry Paulson, to put in motion the bailout of the U.S. and European banking system.

Sep 30 08:54

This Is How Much Liquidity Deutsche Bank Has At This Moment, And What Happens Next

It is not solvency, or the lack of capital - a vague, synthetic, and usually quite arbitrary concept, determined by regulators - that kills a bank; it is - as Dick Fuld will tell anyone who bothers to listen - the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.

Sep 30 08:47

Sinking Deutsche Bank stock sends shock across Europe

Shares in Germany's biggest lender Deutsche Bank plummeted on the Frankfurt stock market on Friday, dragging other European banks and global markets down with it, after reports some customers were pulling money out.

Webmaster's Commentary: 

The Asian markets got hammered last night, but as usual, the FED is pouring instant money all over Wall Street to make the US stock market look good.

Sep 30 08:37

Federal Reserve Bankers Caught DONATING to Hillary Clinton Campaign!!!!

Top central banker's Clinton donation puts Fed in political crosshairs

Sep 30 07:12

US lawmakers may change 9/11 law after rejecting veto

U.S. lawmakers expressed doubts on Thursday about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad.

Webmaster's Commentary: 

Congress realized that this law might lead to Saudi Arabia yanking their hundreds of billions out of the US economy, and worse, set a precedent for the US to be sued for war crimes. Now everyone is out to save face.

Sep 30 03:58

Deutsche Bank – The Meltdown Crisis

Sep 29 16:44

Are The ‘Invisible Americans’ the Key Players in This Election?

Just as the Vietnam War was built on lies, propaganda, PR and rigged statistics(the infamous body counts–civilians killed as “collateral damage” counted as “enemy combatants”), so too is the “recovery” nothing but a pathetic tissue of PR, propaganda, and lies. I have demolished the bogus 5.3% “increase” in median household income, the equally bogus “official inflation” body counts, oops I mean statistics, and the bogus unemployment rate

Sep 29 16:35

Deutsche Bank Is Now Smaller Than Twitter

Sep 29 15:01

Green Light For Stock Markets In 2017

Sep 29 12:32

Here’s How the Government Is Turning the Entire United States into a Debt Prison

The staggering amount of debt held by the American empire ensures the public will be working it off for generations to come. The government has already begun its campaign to make it more difficult to leave the country, and it has also begun to crack down on the finances of the eight million Americans living abroad. Regardless of whether you’re a millionaire with multiple foreign bank accounts or a recent college graduate with a boatload of debt, the status of being a United States citizen brings with it a burden that will only grow heavier over time.

Sep 29 12:12

Yellen likely to face questions about Wells Fargo

Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank’s interest-rate policy, now has another headache: Wells Fargo.

Yellen is likely to face sharp questions from a House committee Wednesday over whether federal banking regulators fell down on the job by not detecting practices at Wells Fargo that allegedly had the nation’s second largest bank opening millions of accounts without customers’ permission.

Yellen is scheduled to testify before the House Financial Services Committee on the Fed’s responsibilities to supervise the nation’s largest banks.

Sep 29 11:12

Wells Fargo Troubles Mount With Penalty for Soldiers’ Loans

Wells Fargo & Co., reeling from weeks of pummeling over fraudulent customer accounts, is now facing a Justice Department sanction over improperly repossessing cars owned by members of the military, according to two people with knowledge of the investigation.

Sep 29 11:11

DOW JONES having a bad day.

Webmaster's Commentary: 

Looks like the German contagion may already be here!

Sep 29 11:00

Pain Spreads To Germany's Second Biggest Bank: Commerzbank Scraps Dividend, Fires 20% Of Workforce

With Deutsche Bank mercifully missing from overnight headlines for the first day in almost two weeks, it is time to bring attention to Germany's second largest bank which, as we first reported earlier in the week citing a Handelsblatt leak, confirmed it is also going through a historic rough patch. This morning, Commerzbank said it plans a wide-ranging business restructuring that includes scrapping the bank's dividend for the rest of the year, terminating nearly 10,000 jobs - roughly 20% of its workforce - and merging two large units.

“The focus on the core business, with some business activities being discontinued, and the digitalization and automation of workflows will lead to staff reductions amounting to around 9,600 full-time positions,” Germany’s second-largest lender said.

Sep 29 10:59

India Assets Slide After Modi Launches "Surgical Strikes" In Kashmir, Killing Two Pakistani Soldiers

India conducted "surgical strikes" on suspected terrorist camps just across the border in Pakistan, marking its first direct military response to an attack on an army base it blames on Pakistan. The military offensive was the worst since 1999, when then-Prime Minister Atal Bihari Vajpayee - also a member of Modi’s nationalist Bharatiya Janata Party - responded to what he said was repeated cross-border infiltrations by militants in Kashmir.

At the same time, Pakistan said two of its soldiers had been killed in exchanges of fire and in repulsing an Indian "raid", but denied that India had made any targeted strikes across the de facto frontier that runs through the disputed Himalayan territory of Kashmir.

The region is held equally by India and Pakistan but claimed in full by both. Terrorist violence killed 201 people in Kashmir in 2016, the deadliest year since 2010, according to the South Asia Terrorism Portal.

Sep 29 10:56

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

Deutsche Bank concerns just went to '11' as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank.

While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes, some funds that use the bank’s prime brokerage service have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News.

Webmaster's Commentary: 

Sep 29 09:12

Credit card bankruptcies could be the next banking scandal

Credit cards are rapidly becoming one of the most common causes of personal bankruptcy, and there are indications that the major banks have been granting inappropriate credit limits, possibly breaching responsible lending laws.

University of Canberra lecturer and former financial counsellor Gregory Mowle has interviewed 26 bankrupts as part of his PhD research into personal bankruptcy.

Most finger the plastic for their financial woes.

Sep 29 08:13

Free Trade Policies, TPP Agreement Leading US Industry 'To Slaughter'

Democratic presidential nominee Hillary Clinton will sign the Trans Pacific Partnership (TPP) free trade agreement if elected to be the next president of the United States and continue the destruction of US manufacturing jobs, Republican nominee Donald Trump told a rally in Melbourne in the US state of Florida.

Sep 28 18:19

FLASHBACK - Saudi Arabia threatens to pull $750B from U.S. economy if Congress allows them to be sued for 9/11 terror attacks

Outraged 9/11 families accused Saudi Arabian officials Saturday of blackmailing the U.S. to hide their alleged role as financiers of the World Trade Center terrorists.

The fierce attacks came after a Saturday report that the Saudis threatened to sell off up to $750 billion in U.S. assets if Congress passes legislation allowing its government to be held liable in 9/11-related lawsuits.

Families who lost loved ones in the terror attacks say President Obama, who is lobbying intensively to derail the bill, according to The New York Times, is on the wrong side of the issue.

“I’m furious. This is a slap in the face to the 9/11 families,” said Jim Riches, the retired FDNY deputy chief whose firefighter son Jimmy died in the Trade Center rubble.

“Let them keep their money. We don’t want their money. It’s not worth 3,000 American lives. Call their bluff.”

Sep 28 17:32

Once Again - High End Real Estate - OUCH

Sep 28 14:46

Keiser Report: Houdini’s Magic Tricks In Modern Economy & Politics

In this episode of the Keiser Report, Max and Stacy discuss what Houdini could teach us.

Sep 28 13:28

With Disaster on the Horizon, Elites Busy Building Luxury Bunkers: “Panic, Anxiety, Aftermath”

As the masses panic, riot, fight and line up for meager handouts, many of the elite will still be living the high life – albeit underground.

And there must be a reason why they are getting so prepared...

Given... an under-lying sense of havoc fed by divisive election politics, it’s no surprise that home security is going over the top and hitting luxurious new heights.

“People are going for luxury [to] live underground because they see the future is going to be rough. Everyone I’ve talked to thinks we are doomed, no matter who is elected.”

Read more at SHTFplan

Sep 28 12:14

TPP Will Increase U.S. GDP by Just 0.15%. The Real Purposes of the Integration Project

According to official estimates, 15 years after the Trans-Pacific Partnership (TPP) Agreement enters into force, the United States’ GDP will increase by $42.7 billion (0.15%) annually; employment will grow by 0.07 per cent (128,000 new jobs); and export and import will grow by $27.2 billion (1.0%) and $48.9 billion (1.1%) a year respectively. In other words, the TPP will be a very weak catalyst for the U.S. economy. Why then this project is considered to be so important? We could suppose that it is not so much about stimulating the U.S. economy as it is about the economic containment of the United States’ real and potential competitors in Asia Pacific. This containment will be implemented in three areas. First, the TPP sets up rigid regulations that prevent wage discrimination and place restrictions on the activities of trade unions, work safety violations, the use of child labour, etc.

Sep 28 08:35

Euro “Might Start To Unravel” If Collapse Of Deutsche Bank

The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have written about in recent months. He writes:

Our image of German banks, and the German economy, as completely rock solid is so strong that it takes a lot to persuade us they might be in trouble.

And yet it has become increasingly hard to ignore the slow-motion car crash that is Deutsche Bank, or to avoid the conclusion that something very nasty is developing at what was once seen as Europe’s strongest financial institution. Its shares have been in free-fall for a year, touching a new low of 10.7 euros on Monday, down from 27 euros a year ago. Over the weekend, the German Chancellor Angela Merkel waded into the mess, briefing that there could be no government bail-out of the bank.

Sep 28 08:29

Are "Invisible Americans" The Key Players In This Election?

Memo to the D.C. Beltway/mainstream media apologists and propagandists: the 25 million Invisible Americans are no longer buying your shuck-and-jive con job.

For the bottom 90% of American households, the "prosperity" of the "recovery" since 2009 is a bright shining lie. The phrase is from a history of the Vietnam War, A Bright Shining Lie: John Paul Vann and America in Vietnam.

Just as the Vietnam War was built on lies, propaganda, PR and rigged statistics (the infamous body counts--civilians killed as "collateral damage" counted as "enemy combatants"), so too is the "recovery" nothing but a pathetic tissue of PR, propaganda and lies. I have demolished the bogus 5.3% "increase" in median household income, the equally bogus "official inflation" body counts, oops I mean statistics, and the bogus unemployment rate:

Fun with Fake Statistics: The 5% "Increase" in Median Household Income Is Pure Illusion (September 19, 2016)

Webmaster's Commentary: 

Remember Richard Nixon's "Silent Majority?" It was a PR move to convince the American people that a rigged and stolen election was neither rigged nor stolen. This is a repeat.

Sep 28 08:24

Spain's debt surges above 100 per cent of GDP

The Mediterranean country's debt reached 100.2 per cent of GDP in June, to become the sixth eurozone country with a three figure ration.

Greece's GDP debt ratio is highest at 167.9 per cent, followed by Italy at 132.7 per cent , Portugal at 129 per cent, Cyprus at 108.9 per cent and Belgium at 106 per cent.

France now looks set to be the next country to tip the 100 per cent ratio, after its debt reached 96.1 per cent at the end of 2015.

Sep 28 07:06

Core Durable Goods Orders Contract For 20th Straight Month - Longest Non-Recessionary Streak In US History

In the last 60 years, the US economy has never suffered such a long contraction in core durable goods orders (20 months) without officially being in recession.

Sep 27 14:02

The USS Titanic Is Headed for the Iceberg

Since 2000, we’ve had eight years of a Republican president, eight years of a Democrat president, with both parties having control of Congress at various points over the sixteen years. The national debt, after 211 years of this country’s existence, was $5.7 trillion in 2000. Both parties are responsible for the 342% increase over the last sixteen years to $19.5 trillion. Democrats agreed to never end warfare in exchange for Republican support for an expansion of the entitlement state. Meanwhile, the country’s GDP only rose 79% over the same time frame.