Global News

Deutsche Bank Selling Resumes After CEO Assures Employees Bank Is “Absolutely Rock Solid”

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“Absolutely rock solid?” …

DB Derivatives in context

… like the molten granite found below the foundations of the Twin Towers?

Huge caverns of melted granite were found below the foundations of the Twin Towers

– Deutsche Bank Selling Resumes After CEO Assures Employees Bank Is “Absolutely Rock Solid”:

Yesterday’s desperate scramble by Deutsche Bank to comfort markets about its liquidity position worked, for about three hours. And then, the bank which really should just keep its mouth shut, did the opposite and reminded an already panicked market just how “serious” things are, in the parlance of Jean-Claude Junkcer, when in an internal memo, the CEO assured his workers that:

  • DEUTSCHE BANK CEO: CAP STRENGTH, RISK POSITIONS ’ROCK SOLID’

That was the good news. The bad news:

  • DEUTSCHE BANK TO INFORM STAFF IN COMING WEEKS ABOUT COST CUTS

Here is the full note released from DB CEO Cryan:

Read moreDeutsche Bank Selling Resumes After CEO Assures Employees Bank Is “Absolutely Rock Solid”

Jim Rogers Warns: “The Market Knows It’s Over” – “We’re All Going To Suffer”

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– Legendary Investor Jim Rogers Warns: “Most People Are Going To Suffer The Next Time Around”:

Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.

As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid of multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.

Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.

We’re all going to suffer… I can think of very few places that won’t suffer. But most people are going to suffer the next time around.

Central banks will panic. They will do whatever they can to save the markets.

Read moreJim Rogers Warns: “The Market Knows It’s Over” – “We’re All Going To Suffer”

A Confused Deutsche Bank Takes To Twitter Seeking Answers For Market Crash

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– A Confused Deutsche Bank Takes To Twitter Seeking Answers For Market Crash:

Just when we said DB should probably keep its mouth shut, the bank that everyone is suddenly very focused on decided to take to Twitter with the following rhetorical question:

Well, judging by this…

Deutsche-Bank-CDS

… the markets are probably underreacting.

Wait until this blows up …

DB Derivatives in context

After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity

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– After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity:

The echoes of both Bear and Lehman are growing louder with every passing day.

Just hours after Deutsche Bank stock crashed by 10% to levels not seen since the financial crisis, the German behemoth with over $50 trillion in gross notional derivative found itself in the very deja vuish, not to mention unpleasant, situation of having to defend its liquidity and specifically assuring investors that it has enough cash (about €1 billion in 2016 payment capacity), to pay the €350 million in maturing Tier 1 coupons due in April, which among many other reasons have seen billions in value wiped out from both DB’s stock price and its contingent convertible bonds which are looking increasingly more like equity with every passing day.

DB did not stop there, but also laid out that for 2017 it was about €4.3BN in payment capacity, however before the impact of 2016 results, which if recent record loss history is any indication, will severely reduce the full cash capacity of the German bank.

From the just issued press release:

Read moreAfter Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity

Leaked Memo Shows Erdogan Blackmailed Europe For Billions: “We Can Put Refugees On Buses” – “So How Will You Deal With The Refugees If You Don’t Get A Deal? Kill Them?”

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Erdogan

– “We Can Put Refugees On Buses”: Leaked Memo Shows Erdogan Blackmailed Europe For Billions:

If there’s anything we’ve learned over the past twelve months it’s that Turkish President Recep Tayyip Erdogan is prepared to employ all manner of nefarious tactics in order to preserve his grip on power in Ankara.

Following unfavorable election results last June, Erdogan plunged the country into civil war be restarting a long simmering battle with the PKK and proceeded to crack down on journalists and anyone else critical of the ruling AKP. Ultimately, new elections were called and AKP put up a stronger showing, effectively paving the way for Erdogan to rewrite Turkey’s constitution and install an executive presidency.

But Erdogan’s bullying isn’t confined to his domestic political agenda. Greek media has obtained an internal memo which suggests the Turkish strongman effectively blackmailed the EU by demanding cash payments in exchange for efforts to curb the flow of migrants into Western Europe. “We can open the doors to Greece and Bulgaria anytime and we can put the refugees on buses,” Erdogan allegedly said, on the way to demanding $3 billion per year in aid.

Read more below.

Read moreLeaked Memo Shows Erdogan Blackmailed Europe For Billions: “We Can Put Refugees On Buses” – “So How Will You Deal With The Refugees If You Don’t Get A Deal? Kill Them?”

Turkey, Saudi Arabia Mull Syria Ground Invasion As Russia, Hezbollah Decimate Rebels

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FYI.

– Turkey, Saudi Arabia Mull Syria Ground Invasion As Russia, Hezbollah Decimate Rebels:

“What’s going on in Syria can only go on for so long. At some point it has to change,” Turkish President Recep Tayyip Erdogan told reporters on a plane back to Turkey from Latin America over the weekend.

As we’ve documented extensively over the past several days, Ankara, Riyadh, and Doha have their backs against the wall when it comes to the effort to oust Bashar al-Assad and perpetuate Sunni hegemony in the Arabian Peninsula.

Hezbollah has surrounded Aleppo and their advance is backed by what’s been described as an unrelenting Russian air campaign. The rebels’ supply lines to Turkey have been cut and without a direct intervention by either the US or the Gulf states, the battle for Syria will have been lost for the opposition which pulled out of peace talks in Geneva citing the ongoing aerial bombardment by Moscow.

Read moreTurkey, Saudi Arabia Mull Syria Ground Invasion As Russia, Hezbollah Decimate Rebels

Dot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015

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Tech-Bubble-2.0-460x348

– Dot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015:

Do you remember how much stocks went down when the first dot-com bubble burst?  Well, it is happening again, and tech stocks are already down more than half a trillion dollars since the middle of 2015.  On Friday, the tech-heavy Nasdaq dropped to its lowest level in more than 15 months, and it has now fallen more than 16 percent from the peak of the market.  But of course some of the biggest names have fallen much more than that.  Netflix is down 37 percent, Yahoo is down 39 percent, LinkedIn is down 60 percent, and Twitter is down more than 70 percent.  If you go back through my previous articles, you will find that I specifically warned about Twitter again and again.  Irrational financial bubbles like this always burst eventually, and many investors that got in at the very top are now losing extraordinary amounts of money.

On Friday, tech stocks got absolutely slammed as the bursting of dot-com bubble 2.0 accelerated once again.  The following is how CNBC summarized the carnage…

Read moreDot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015

Experts: Formaldehyde is spewing from massive LA gas leak — “Very dangerous for public”… methane turning into embalming fluid — Can make your body “start digesting itself” — Company knows this is happening and should warn us… Obviously they don’t want you to know about it (VIDEO)

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– Experts: Formaldehyde is spewing from massive LA gas leak — “Very dangerous for public”… methane turning into embalming fluid — Can make your body “start digesting itself” — Company knows this is happening and should warn us… Obviously they don’t want you to know about it (VIDEO):

Robert F. Kennedy Jr., Jan 22, 2016 (emphasis added): “One thing I happen to know about — and I can’t make any claim about it now — but I know this. Methane, when it’s exposed to sunlight, can produce as a by-product formaldehyde… Southern California gas knows that too… it transforms — when it’s subjected to sunlight — to formaldehyde. SoCalGas knows that, and they ought to be straight about it. They ought to be telling us… but they’re not.”

Report by the law firms of Morgan & Morgan, Panish Shea & Boyle, Kennedy & Madonna, and R. Rex Parris, Dec 16, 2015: Experts have stated that the gas emitted in the blowout contains mostly methane [which] can oxidize in the atmosphere [and] turn into formaldehyde. Formaldehyde can cause hypothermia, asphyxiation, and acidosis… Acidosis is a condition in which your body starts to digest itself.

Read moreExperts: Formaldehyde is spewing from massive LA gas leak — “Very dangerous for public”… methane turning into embalming fluid — Can make your body “start digesting itself” — Company knows this is happening and should warn us… Obviously they don’t want you to know about it (VIDEO)

US, Japan, Canada, Australia and 8 Other Countries Sign Trans Pacific Partnership Agreement

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tpp

– US, Japan, Canada, Australia and 8 Other Countries Sign Trans Pacific Partnership Agreement:

The Trans Pacific Partnership (TPP) would be horrible for Americans and the people of the world.

But most politicians are thoroughly corrupt.  Neither the Democratic or Republican parties represent the interests of the American people. Both parties ignore the desires of their own bases.

So today, 12 countries – Brunei, Chile, New Zealand, Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru, United States and Vietnam – signed the TPP.

Read moreUS, Japan, Canada, Australia and 8 Other Countries Sign Trans Pacific Partnership Agreement

7 ISIS members detained in Urals prepared terrorist acts for Moscow, St. Petersburg – FSB

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– 7 ISIS members detained in Urals prepared terrorist acts for Moscow, St. Petersburg – FSB:

Seven Islamic State members preparing terror acts in Moscow and St. Petersburg have been detained in the city of Ekaterinburg in the Urals Region, the Russian Federal Security Service (FSB) said. The leader of the group came to Russia from Turkey.

After terror acts in Russia’s two largest cities, as well as the Sverdlovsk Region, where the city of Ekaterinburg is located, members of the terror group planned to flee to Syria where parts of territory are under control of Islamic State (IS, formerly ISIS/ISIL).

Read more7 ISIS members detained in Urals prepared terrorist acts for Moscow, St. Petersburg – FSB

War games in Middle East could prepare UK for ‘potential’ Russian war with NATO – report

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– War games in Middle East could prepare UK for ‘potential’ Russian war with NATO – report:

The British Army is to deploy 1,600 troops in Jordan to take part in war games which could be preparation for a potential ‘confrontation’ between Russia and NATO member countries in Eastern Europe, the Daily Telegraph has reported, citing sources.

Army sources told the paper that the exercise, which will simulate an Iraq invasion for the first time in over a decade, is not a prelude to sending ground troops to fight Islamic State (IS, formerly ISIS, ISIL), rather Exercise Shamal Storm could be seen as a practice routine to fight off any potential Russian invasion of Ukraine or Eastern Europe.

Read moreWar games in Middle East could prepare UK for ‘potential’ Russian war with NATO – report

Turkish forces kill 60 ‘terrorists’ in Kurdish Cizre raid – reports

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– Turkish forces kill 60 ‘terrorists’ in Kurdish Cizre raid – reports:

Around 60 people have reportedly been killed in the basement of a building in the southeastern Kurdish town of Cizre during a military raid which, according to state media, was conducted to neutralize PKK fighters.

The Turkish army conducted the raid to allegedly clear out a basement in the town where it claimed high-profile Kurdistan Workers Party (PKK) terrorists had holed up, according to local media.

Loud explosions were reported in the area on Sunday evening where, according to activists, civilians had been hiding from what they label a “collective punishment” of the Kurds in a month-long operation by the Turkish government.

Read moreTurkish forces kill 60 ‘terrorists’ in Kurdish Cizre raid – reports

‘Me or terrorists?’ Furious Erdogan tells US to choose between Turkey and Syrian Kurds

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– ‘Me or terrorists?’ Furious Erdogan tells US to choose between Turkey and Syrian Kurds:

Riled by a meeting between a US official and the Kurdish People’s Protection Units (YPG), which controls the Syrian town of Kobane, Turkish President Recep Tayyip Erdogan has told Washington to choose between Turkey and, as he put it, the “terrorists.”

A delegation featuring Brett McGurk, the United States’ envoy to the coalition it leads against Islamic State (IS, formerly ISIS/ISIL), met the YPG over the last weekend in January. The YPG took full control of Kobane late last June, in what was a powerful symbol of Kurdish resistance.

Read more‘Me or terrorists?’ Furious Erdogan tells US to choose between Turkey and Syrian Kurds

Overwhelming Majority of Americans Believe that Both Parties Are Too Corrupt to Change Anything … Want a Revolution

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And that is what they will get and what has been predicted a long time ago.

– Overwhelming Majority of Americans Believe that Both Parties Are Too Corrupt to Change Anything … Want a Revolution:

Why Americans Are Backing Trump and Sanders Over the Mainstream Candidates Backed By the Political Machines

We’ve previously noted that polls show that Americans are in a “pre-revolutionary” mood, that less than 1 in 5 Americans think that the government has the “consent of the governed”, that government corruption tops the list of Americans’ fears, and that 3 times as many Americans supported King George during the Revolutionary War than support our OWN Congress today.

You might assume that such statements are over-the-top … or that the results come from partisan pollsters.

But a  group of Republican and Democratic pollsters and political strategists reviewed polling data last week, and revealed some stunning results:

Read moreOverwhelming Majority of Americans Believe that Both Parties Are Too Corrupt to Change Anything … Want a Revolution

UK: Politician Planning Smear Campaign Against Opponents Accidentally Emails Them the Plan

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– Politician Planning Smear Campaign Against Opponents Accidentally Emails Them the Plan:

United Kingdom — Let’s face it, we have all had those heart-stopping moments after hitting send when we realise we have made a mistake. *Personal disclosure, I once inquired about a new job and accidentally sent the email to my (then) current boss. Regardless of what our own internet or social media blunders have entailed, they pale into insignificance compared with a mighty indiscretion made recently by a U.K. Tory Councillor.

Conservative member of Portsmouth council, Scott Harris, wrote an email trying to persuade colleagues to join him in a smear campaign against local domestic violence services and women’s rights campaigners. Unfortunately for him, the private correspondence was mistakenly sent out — in a chain to the targets of his venom.

Read moreUK: Politician Planning Smear Campaign Against Opponents Accidentally Emails Them the Plan

Twitter Suspends over 125,000 Accounts

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– Twitter Suspends over 125,000 Accounts:

 (MiddleEastEye) Twitter suspended over 125,000 accounts, most of them linked to the Islamic State (IS) group, as part of a stepped-up effort to eradicate “terrorist content” on the popular messaging platform, it said on Friday.

The accounts frozen since mid-2015 were targeted “for threatening or promoting terrorist acts,” said Twitter, which is under pressure from governments to act but faces a delicate balancing act and is keen not to be seen as censoring free speech.

Deutsche Bank Plunges 11% To 7 Year Lows

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– Europe Closes “On The Lows”: Deutsche Bank Plunges 11% To 7 Year Lows:

BTFD? Deutsche Bank stock crashed over 11% today (the most since July 2009) to its lowest since January 2009 record lows. We have detailed at length why this is a major systemic problem and we wonder how anyone can view this chart and not question their full faith in central planners engineering of the ‘recovery’. Nothing is fixed and it’s starting to become very obvious!

Does this look like a buying opportunity? At EUR13.465 today, DB is within pennies of the all-time record lows of EUR13.385…

20160208_DB

Read moreDeutsche Bank Plunges 11% To 7 Year Lows

European Bank Bloodbath Crashes Bond, Stock Markets

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– European Bank Bloodbath Crashes Bond, Stock Markets:

Just as we warned, not only is it time to panic but the panic is ‘contagion’-ing over into the sovereign risk market. European banks are in freefall, down over 4.3% broadly, crashing to 2012’s “whatever it takes” lows.

European bank risk has gone vertical… Today’s spike is the largest since April 2010

…

LEIPZIG, Germany: Libyan Arrested After Sex Attack

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7/02/2016 – LEIPZIG, Germany – Libyan Arrested After Sex Attack

Libyan ‘refugee’ Hamid. S has been arrested after he stalked and attempted to rape a 25 year old teacher in Leipzig, Germany. The woman was followed by the migrant after she got off her morning bus before he grabbed her from behind, choked, and pushed her against a wall. The woman bit the attacker and was able to escape and alert the police, reports MOPO24.

Having failed to perform his assault, the Libyan man then went to a shop, stole several bottles of alcohol and retried to his asylum accommodation, where he was arrested.

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HEPPENHEIM, Germany: 17 Year Old Girl Groped

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07/02/2016 – HEPPENHEIM, Germany – 17 Year Old Girl Groped

Four recent migrants from Afghanistan aged between 16 and 17 are being investigated by police after they surrounded and groped a 17 year old girl during Sunday’s carnival proceedings. The victim is pressing charges but the real identity of the men is presently in doubt, according to the police report.

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COLOGNE, Germany: Woman jumped by gang

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07/02/2016 – COLOGNE, Germany – Woman jumped by gang

The daughter of a prominent Cologne musician was jumped by a gang who beat her in the face and tore off her clothes. Although there was a number of other people in close proximity to the attack, none responded to the 26 year old woman’s cries for help. Worse, when she managed to escape to a nearby bar for aid she was thrown out by the landlord who said he didn’t want any trouble at the establishment.

Police managed to apprehend one suspect, who has been named only as ‘Yussuf B’. Police will also be visiting the bar to investigate their failure to render assistance to the woman, reports Express.

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Southern Spain: ISIS Militants Arrested

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08/02/2016 – Southern Spain – ISIS Militants Arrested

Seven people have been arrested in Spain suspected of supplying arms and bomb making equipment to Islamic State and the al-Qaeda affiliated Jabhat al-Nusra organisations in Iraq and Syria. Four are Spanish nationals of Syrian, Jordanian and Moroccan origin; two others are Spanish residents from Syria and Morocco. Along with the men, police seized cash, electronics equipment and bomb-making materials disguised as humanitarian aid, the Daily Mail has reported.

The arrests bring the total number of alleged jihadists arrested in Spain since the beginning of 2015 to 82.

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CALAIS, France: Migrants Barricade Eurostar Terminal

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08/02/2016 – CALAIS, France – Migrants Barricade Eurostar Terminal

Migrants completely blockaded the Eurotunnel access road last night with wooden pallets and debris in a bid to stop traffic moving and climb aboard UK-bound lorries. One driver snapped a picture of the blockade which was shared to Facebook by the group Calais Routiers Sécurité.

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