Passing a European Banking stress test these days is a little like farting - easy to do, mostly hot air, and yet it typically warns of something else coming down that isn't going to be pretty
"Here's a bit of a rattlesnake..."--La Bomba
Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them.
You’re More Likely to Be Killed By Brain-Eating Parasites, Texting While Driving, Toddlers, Lightning, Falling Out of Bed ...Submitted by George Washington on 07/24/2014 13:36 -0400
... Alcoholism, Food Poisoning, a Financial Crash, Obesity, Dog Bites, Doctor Mistakes or “Autoerotic Asphyxiation” than by Terrorists (Getting Hit By ASTEROID = Even Odds)
This post is Fic-Dep Approved...
When it comes to the apocalypse, Krugman likes to have his apocalyptic cake and eat it too. Krugman says that the recent concern about “debts and deficits” was a “false alarm.” He attempts to paint those who were concerned about the debt crisis as scare mongers. He sarcastically says that “the debt apocalypse has been called off.”
There is confusion over what legal tender law does. It doesn't force merchants to accept dollars under threat of imprisonment. It attacks lender, by granting debtors a right to repay in dollars.
Exclusive: High-Level NSA Whistleblower Says Blackmail Is a Huge – Unreported – Part of Mass SurveillanceSubmitted by George Washington on 07/23/2014 13:52 -0400
The Untold Story In the NSA Spying Scandal: Blackmail
The reality of what happened in Cyprus is a far different matter. And the reason that this reality has not been featured as headline news is because doing so would reveal the following:
Enough to freighten a statist mule...
Ukraine, Gaza, Iran, Isis, Syria and Turkey are all just pawns in a grotesque geopolitical game. All sides have their narratives. But in all cases, innocents must die ...
Bitcoin Reached Next Stage In Money Evolution, Smart Contracts Replace Wall Street Bank Functions - NOW!Submitted by Reggie Middleton on 07/23/2014 07:00 -0400
The future of finance has arrived and NOTHING will be the same. Smart contracts as a proof of concept are now no longer a concept. This technology makes it clear why an "investment bank in a wallet" causes banks to fear bitcoin!
In investing sometimes dead makes more sense than alive...
"It is the absolute right of the State to supervise the formation of public opinion."--Joseph Goebbels