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…”

Bank of America Stumbles On A $51 Trillion Problem

Bank of America Stumbles On A $51 Trillion Problem:

“More than $51trillion at risk if rates vol spikes and yields move higher… we have seen the global fixed income market growing to the largest size it has ever been.”

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Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 TRILLION DOLLARS Derivatives Exposure

Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 Trillion Dollars Derivatives Exposure:

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.

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Infinite Unknown (infiniteunknown.net) Now Officially Censored By Google

(Screenshot – Click on image to enlarge.)

google-censorship-infiniteunknown-net

Here is the censored article:

Accusations Of Treason In The Greek Parliament Against Bilderberg PM Papandreou

In my commentary to the above article I wrote:

Flashback:

Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds (Financial Times)

And remember that the biggest Greek CDS speculator has been the state-controlled Hellenic Post Bank with help from (Yes, you’ve guessed it!) Goldman Sachs:

State-controlled Hellenic Post Bank (TT) bet against Greece (Kathimerini)

Fragwürdige Finanzgeschäfte Griechen wetten auf eigene Pleite (Sueddeutsche Zeitung)

The state-controlled Hellenic Post Bank was betting on Greece going bankrupt!

What will happen if Greece defaults:

Here Is What Happens After Greece Defaults

Solution:

Former Assistant Secretary of the US Treasury Dr. Paul Craig Roberts: Revolution is the Only Answer (For Greece, Ireland etc.)

So who could possibly ‘dislike’ such an article?

On a side note:

Alexa Rank:

Infinite Unknown had a global Alexa Rank of  just above 100,000 (for a while) and even below that (quite a while ago).

A webmaster told me (when it became apparent that the numbers were dropping fast) that Alexa had changed its rating methods, which in his opinion clearly disfavors websites like I.U.

You can look up I.U.’s global ranking here:

http://www.alexa.com/siteinfo/infiniteunknown.net

The only way we can make up for all this censorship coming our way is if readers would start hitting that social media buttons like crazy.

Maybe that would also bring more attention to the website, which could possibly result in more financial support for my work, which is much, much needed.

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Could Germany Ever Allow Deutsche Bank To Go Under?

Deutsche is to big to safe, thanks to former CEO, Bilderberg & Rothschild puppet Josef Ackermann.

Josef Ackermannjosef-ackermann


Could Germany Ever Allow Deutsche Bank To Go Under?:

Via Golem XIV blog,

Deutsche Bank, one of Europe’s behemoths, is in very deep trouble having lost 90% 0f its share price value since 2007, has been falling sharply all this last year (48% loss this year) and, with its $42 Trillion in Derivatives exposure was singled out by the IMF, as the bank which ,

“appears to be the most important net contributor to systemic risks…”

Of course Deutsche agues the standard ‘derivatives-aren’t-a-problem’ line, that this 42 trillion all nets out and their real exposure is a fraction of that vast figure. Which is fine as long as you think that in the event of Deutsche coming unstuck, 42 trillions-worth of derivatives contracts can be held in abeyance for the time it would take for all those contracts to be netted out.  As I’ve said before netting out is akin to getting a rowing boat full of people to all change places  without the boat overturning.

Read moreCould Germany Ever Allow Deutsche Bank To Go Under?

Warren Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges

Continue to prepare for collapse. (And maybe support this website if you can.)


Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges:

It was considered one of the bigger paradoxes for years. Back in 2003, Warren Buffett famously dubbed derivatives “financial weapons of mass destruction” and yet over the next several years went ahead and entered a number of the contracts, including both equities and credit, ostensibly by selling CDS to collect up monthly premiums. However, at least when it comes to CDS, after several years of Berkshire trimming its credit derivative exposure, it is now completely out. Meanwhile, Citi is loading up on any CDS it can find…

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Citigroup Has More Derivatives than 4,701 U.S. Banks Combined; After Blowing Itself Up With Derivatives in 2008

Derivatives-at-Bank-Holding-Companies-March-31-2016-OCC-Report

Citigroup Has More Derivatives than 4,701 U.S. Banks Combined; After Blowing Itself Up With Derivatives in 2008:

According to the Federal Deposit Insurance Corporation (FDIC), as of March 31, 2016, there were 6,122 FDIC insured financial institutions in the United States. Of those 6,122 commercial banks and savings associations, 4,701 did not hold any derivatives. To put that another way, 77 percent of all U.S. banks found zero reason to engage in high-risk derivative trading.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99-cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

Read moreCitigroup Has More Derivatives than 4,701 U.S. Banks Combined; After Blowing Itself Up With Derivatives in 2008

Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks (Videos)

Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks:

JPMorgan, Goldman Said to Discuss Buying Deutsche Bank Swaps

~Lender looking to complete sale of $1.1 trillion swaps book

~Deutsche Bank has sold about two-thirds of book since 2015

Deutsche Bank AG, the lender exiting some trading operations, is in talks with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments, people with knowledge of the matter said.

Read moreDeutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks (Videos)

Is It Time To Panic About Deutsche Bank?

Ever since this Rothschild puppet and Bilderberg bastard left Deutsche I’ve put it on my watchlist:

Bilderberg Josef AckermannJosef Ackermann


Is It Time To Panic About Deutsche Bank?:

Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World” was not JPMorgan as some had expected, but Germany’s banking behemoth, Deutsche bank.

Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails – case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds.

We then followed it up one year later with “The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times Greater Than German GDP.”

Then, last June, we asked the most pointed question yet: Is Deutsche Bank The Next Lehman?only this time it wasn’t just the bank’s gargantuan balance sheet risk shown below that was dominant…

Deutsche Bank Germany Eurozone GDP

…. but the fact that it impaired assets had finally started to trickle down through to the income statement, leading to loss after loss, management exit after exit, market rigging settlement after market rigging settlement, and all culminating ten days ago with the bank’s “titanic”, and record, €7 billion loss, surpassing the bank’s troubles even during the depths of the Global Financial Crisis.

Read moreIs It Time To Panic About Deutsche Bank?