https://youtu.be/nq84C8uHa8M
H/t reader squodgy.
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Banking
Deutsche Bank: ‘End of Fiat Money’ May Be Near
FYI.
– Deutsche Bank: ‘End of Fiat Money’ May Be Near:
A top Deutsche Bank strategist speculates that we may be looking at the “start of the end of fiat money”.
Bitcoin was originally developed as a peer-to-peer electronic cash system that would free its users from the bondage of state-controlled currency and the erosion of wealth due to inflation. Despite its phenomenal growth, most mainstream financial analysts remain skeptical that it will ever achieve mainstream adoption – at least as a currency used for everyday transactions.
However, as Business Insider reports, Deutsche Bank strategist Jim Reid envisions that the current fiat monetary system could begin to collapse within the next decade, creating a climate that would encourage the rise of an alternative currency system.
A Totalitarian Europe Now on Our Doorstep
– A Totalitarian Europe Now on Our Doorstep:
Quietly, without most people noticing, the European Commission is moving ahead with a strategy that will arguably make the EU into the first fully operational model of a centralised ‘one state’ supranational authority: ‘A New World Order’; the longstanding neoconservative ambition which lies at the heart of global secret society agendas and US geopolitical hegemony.
The key ingredient of this strategy is the establishment of an ‘EU Treasury’ which, according to Donald Tusk, President of the EU Council, will come into effect in June 2018, under the official title: European Monetary Fund. This will result in the single point control of all EU member state finances.
The Swiss National Bank Now Owns A Record $88 Billion In US Stocks
In a quarter in which the world was – supposedly – growing on all cylinders, and in which the S&P was making record high after record high, one central bank was quietly buying everything in sight….
– The Swiss National Bank Now Owns A Record $88 Billion In US Stocks
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The Central Bank Just Bailed Out The Banks Again, Here’s How – Episode 1411
– The Central Bank Just Bailed Out The Banks Again, Here’s How – Episode 1411
H/t reader Squodgy:
“Go to 25minutes 12 secs”
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The Death of the Dollar
DEATH OF THE DOLLAR – BE PREPARED
As mentioned in various previous articles. The Mystery, Babylon world banking system will soon come to an end (i.e. the Rothschild’s and the Federal Reserve) and the Kingdom of God will begin. Although the USA is only a part of the new Mystery, Babylon beast system, it is currently a major player with its established Federal Reserve and its many wars for the “Greater Israel” expansion.
The Zionist Khazarian’s (descendants of Japeth) initiated the Federal Reserve System in 1914. This FR system is not owned or operated by Americans, but is owned (shareholders) by several foreign banking systems and individuals (primarily the Rothschild’s) and it has always had a Khazarian (i.e. so-called Jew) administrator. The FRS prints US money (at little to no cost) and then loans that free printed money to the US government at interest.
The next step for the Khazarian’s (sometimes referred to as the Khazarian mafia) was the creation of the Internal Revenue Service. This allowed the USG to collect money for the payment of Federal Reserve interest. The principal headquarters for the Federal Reserve, the IRS, and the United States Corporation (which is not the US government) are located in Puerto Rico which is merely a territory and not a physical part of the United States as are the 50 states. Thus Puerto Rico will never be the 51st state under the current conditions and current US corporate system.
Would You Pay $2,500 For One Hour With An Equity Analyst? This I-Bank Seems To Think So…
Good luck with that!
– Would You Pay $2,500 For One Hour With An Equity Analyst? This I-Bank Seems To Think So…:
Wall Street equity analysts are paid ‘yuge’ salaries to employee the finance skills they picked up from their business school professors to value various corporate securities and asset-backed securitization structures, among other things. And while their valuations of those securities have served as a frequent source of comic relief for many of us over the years, no bastardization of basic financial concepts tops recent attempts by the financial elites of the world to place a value on their own services.
As evidence of that fact, we present to you ‘Exhibit A’ from a Bloomberg article published earlier today suggesting that Morgan Stanley, who is still trying to figure out how much their equity research is worth to clients after nearly a year of internal cogitation, is considering asking hedge fund clients for $2,500 for the extreme pleasure of spending just one hour with one of their esteemed research analysts.
Read moreWould You Pay $2,500 For One Hour With An Equity Analyst? This I-Bank Seems To Think So…
Dutch Central Bank Warns Of Market Calm Before The Storm:
– Dutch Central Bank Warns Of Market Calm Before The Storm:
With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into markets. Schäuble also warned of risks to stability in the eurozone, particularly those posed by bank balance sheets burdened by the post-crisis legacy of non-performing loans, something we warned about since 2012, and an issue which remains largely unresolved.
Taking a broad swipe at the current financial regime – which he helped design – Schauble warned that the world was in danger of “encouraging new bubbles to form”.
Read moreDutch Central Bank Warns Of Market Calm Before The Storm:
Russia stockpiles gold in continued push away from US dollar
– Russia stockpiles gold in continued push away from US dollar:
The Central Bank of Russia (CBR) has more than doubled the pace of gold purchases over the past decade, adding more than 1,250 tons to its gold reserves according to World Gold Council data.
In the second quarter alone, it accounted for 38 percent of all gold purchased by central banks. The gold rush has allowed the CBR to continue piling its reserves while abstaining from purchases of foreign currency (particularly, the US dollar) for more than two years.
“The sixth largest gold reserves in the world, they constitute 17 percent of the nation’s wealth,” said the report. It added that if buying continues at a similar pace, the full year increase in 2017 “could closely match” the 200 tons purchased annually in 2015 and 2016.
Read moreRussia stockpiles gold in continued push away from US dollar
IMF Head Foresees The End Of Banking And The Triumph Of Cryptocurrency As Bitcoin Surges Above $4400
Lagarde: 666 – with Baroness Rotschild
Don’t miss:
– The Drive to Cryptocurrencies, Who is Really Driving This Bus, by Lynette Zang (Video)
Continue to prepare for the coming greatest financial collapse in (known) world history.
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– IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency:
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself.
It could displace central banks, conventional banking, and challenge the monopoly of national monies.
Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time.
In the long run, the technology itself can replace national monies, conventional financial intermediation, and even “puts a question mark on the fractional banking model we know today.”
In a lecture that chastised her colleagues for failing to embrace the future, she warned that “Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays. So I think it may not be wise to dismiss virtual currencies.”
Here are the relevant parts of her paper:
Kunstler: “Nothing Can Faze This Mad Bull, Apparently…”
– Kunstler: “Nothing Can Faze This Mad Bull, Apparently…”:
Welcome to the witching month when America’s entropy-fueled death-wish expresses itself with as much Halloween jollity and merriment as the old Christmas spirit of yore.
The outdoor displays alone take on a Babylonian scale, thanks to the plastic factories of China. I saw a half-life-size T-Rex skeleton for sale at a garden shop last week surrounded by an entire crew of moldering corpse Pirates of the Caribbean in full costume ho-ho-ho-ing among the jack-o-lanterns. What homeowner in this sore-beset floundering economy of three-job gig-workers can shell out four thousand bucks to decorate his lawn like the set of a zombie movie?
The overnight news sure took on that Halloween tang as the nation woke up to what is probably a national record for a civilian mad-shooter incident. So far, fifty dead and two hundred wounded in Las Vegas at the Route 91 Harvest Festival (one up in fatalities from last year’s Florida Pulse nightclub massacre, and way more injured this time).
Read moreKunstler: “Nothing Can Faze This Mad Bull, Apparently…”
The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now: Lynette Zang (Video)
https://youtu.be/X79mEtZEo_8
H/t reader squodgy:
“Bitcoin appears at the same time as QE. ?????
Coincidence?
Is it slightly possible we’ve been set up again by the Bankster Cabal again?
Doh!!!!”
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Vietnam Shows How To Clean Up The Banking System: Ex-Banker Sentenced To Death For Fraud
– Vietnam Shows How To Clean Up The Banking System: Ex-Banker Sentenced To Death For Fraud:
The lack of prosecution of US bankers responsible for the great financial crisis has been a much debated topic over the years, leading to the coinage of such terms as “Too Big To Prosecute”, the termination of at least one corrupt DOJ official, the revelation that Eric Holder is the most useless Attorney General in history, and of course billions in cash kickbacks between Wall Street and D.C. And, naturally, the lack of incentives that punish cheating and fraud, is one of the main reasons why such fraud will not only continue but get bigger until once again, the entire system crashes under the weight of accumulated theft, corruption and Fed-driven malinvestment. But what can be done? In this case, Vietnam may have just shown the way – sentence embezzling bankers to death. Because if one wants to promptly stop an end to all financial crime, few things motivate as efficiently as a firing squad.
According to the BBC, the former head of a major Vietnamese bank has been sentenced to death for his role in a fraud case involving some 800 billion dong (which sounds like a lot of dong, but equals roughly $35 million) of illegal loans. Nguyen Xuan Son, who served as general director of OceanBank, was convicted of embezzlement, abuse of power and economic mismanagement. Bank founder, tycoon Ha Van Tham, and dozens of other banking officials are also on trial, accused of lending violations.
Read moreVietnam Shows How To Clean Up The Banking System: Ex-Banker Sentenced To Death For Fraud
Singaporean Banks Abruptly Terminate Accounts of Bitcoin Exchanges
– Singaporean Banks Abruptly Terminate Accounts of Bitcoin Exchanges:
Earlier this week, two local bodies representing the local financial technology (fintech) industry have revealed that Singaporean banks have denied banking services to bitcoin and blockchain startups.
Singapore’s Cryptocurrency and Blockchain Industry Association, or Access, submitted a formal complaint to the Singaporean government, requesting officials to step in and create a fair and transparent environment for fintech companies.
Read moreSingaporean Banks Abruptly Terminate Accounts of Bitcoin Exchanges
JPMorgan Ordered To Pay Over $4 Billion To Widow And Family
– JPMorgan Ordered To Pay Over $4 Billion To Widow And Family:
A Dallas jury ordered JPMorgan Chase to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive.
Jo Hopper and two stepchildren won a probate court verdict over claims that JPMorgan mismanaged the administration of the estate of Max Hopper, who was described as an airline technology innovator by the family’s law firm. The bank, which was hired by the family in 2010 to independently administer the estate of Hopper, was found in breach of its fiduciary duties and contract. In total, JP Morgan Chase was ordered to pay at least $4 billion in punitive damages, approximately $4.7 million in actual damages, and $5 million in attorney fees.
The six-person jury, which deliberated a little more than four hours starting Monday night and returned its verdict at approximately 12:15 a.m. Tuesday, found that the bank committed fraud, breached its fiduciary duty and broke a fee agreement, according to court papers.
Read moreJPMorgan Ordered To Pay Over $4 Billion To Widow And Family
Bankers blame Technology for Inequality and the coming Collapse
And the sheeple will probably believe it.
– Bankers blame Technology for Inequality and the coming Collapse:
Central banks warn of risk of slowing globalisation and attack Nationalism and bilateral negotiations.
Populism questions the benefits of globalization. However, the coordinator of the central banks, the Bank of International Settlements (BIS), makes in its annual report a fiery defense of globalization:
“We run the risk of forgetting the lessons of the past, taking for granted the progress achieved during the last century in living standards,” says its president, Jaime Caruana.
Moreover, the document points to technology as the main responsible for the increase in inequality.
Read moreBankers blame Technology for Inequality and the coming Collapse
Federal Reserve Sets the Stage for Global Economic Disaster (Video)
– Federal Reserve Sets the Stage for Global Economic Disaster (Video):
Easy money, the cure to the ‘Great Recession”, is now clogging the system and preventing a lot of small business owners and entrepreneurs from finding success. The size and scope of these assets bubbles haven’t been seen since the Great Depression and now the Fed will start tightening the money supply…This ain’t gonna end well, folks.
Source: The Federal Reserve Is Setting America up for Economic Disaster
H/t reader squodgy:
“Years ago I recall, I read an article regarding the coming collapse, in which the writer explained it will be a steady, protracted roll down the hill, during which Governments will increase their control of population through fear.
Hmmm.”
Read moreFederal Reserve Sets the Stage for Global Economic Disaster (Video)
