Bank Run
Greek Central Bank Warns Country "Unlikely To Survive Another Bout Of Instability" As Bank "Jog" Accelerates
Submitted by Tyler Durden on 01/04/2016 09:29 -0500Something unexpected happened on the road to the latest Greek "recovery": the local population no longer believes one is coming.
Banco De Portugal Indicates The ECB Stress Test Was A Complete 'Sham'
Submitted by Secular Investor on 01/03/2016 08:54 -0500The Central Bank of Portugal conveniently released their results between Christmas and New Year, when the trading desks in Europe are virtually empty...
Financial Warfare & The Big Reset: Koos Jansen Interviews Willem Middelkoop
Submitted by Tyler Durden on 12/17/2015 22:12 -0500Economic warfare aims to capture or otherwise control the supply of critical economic resources or destroying a country’s currency. The US understands better than anybody else that a country can sometimes be hurt more by doing this than by bombing its infrastructure. The tool of exclusion from the dollar-denominated global financial system is described as a 'neutron bomb' constituting a more potent bomb than any military weapon. But recent developments signal the first stages of the US dollar’s decay.
Another High Yield Domino Falls As $900 Million Lucidus Capital Liquidates
Submitted by Tyler Durden on 12/14/2015 08:04 -0500Moments ago, a third domino fell as Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return its $900 million in AUM.
Here's How To Trigger A Bank Run
Submitted by Tyler Durden on 11/30/2015 18:00 -0500What should the rational investor do in an environment of ongoing financial repression? If you wanted to trigger a bank run, this is certainly how you might go about it.
Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut
Submitted by Tyler Durden on 11/25/2015 08:24 -0500With the ECB's December meeting just one week away, Mario Draghi and co. are still debating how best to package a new round of easing measures. As Reuters reports, the central bank is considering a tiered system for the application of negative rates in an effort to mitigate the effect on banks. Translation: the ECB may be preparing to "overwhelm" with an even larger cut to the already negative depo rate that analysts were expecting.
The Rats and The Sinking Ship
Submitted by Sprott Money on 11/23/2015 11:53 -0500Yes, what we are about to show you is simply a collection of anecdotal data points.
Why The Friedman/Bernanke Thesis About The Great Depression Was Dead Wrong
Submitted by Tyler Durden on 10/28/2015 16:50 -0500- Auto Sales
- Bank Failures
- Bank Run
- Bond
- Carry Trade
- Central Banks
- China
- Commercial Paper
- default
- Detroit
- Discount Window
- Excess Reserves
- Federal Reserve
- Federal Reserve Bank
- fixed
- Ford
- Foreclosures
- Foreign Central Banks
- Free Money
- goldman sachs
- Goldman Sachs
- Great Depression
- headlines
- Illinois
- Lehman
- M1
- Main Street
- Market Crash
- Meltdown
- Michigan
- Monetization
- Money Supply
- Morgan Stanley
- New York City
- New York State
- Nominal GDP
- None
- Open Market Operations
- Real estate
- Recession
- recovery
- Reserve Currency
- Smart Money
- SWIFT
- The Economist
- Treasury Department
- Unemployment
- White House
- World Trade
No, Ben S. Bernanke will be someday remembered as the world’s most destructive battleship admiral. Not only was he fighting the last war, but his whole multi-trillion money printing campaign after September 15, 2008 was aimed at avoiding an historical Fed mistake that had never even happened!
Buy Gold While You Still Can!
Submitted by GoldCore on 09/28/2015 06:52 -0500There’s an enormous and growing disconnect between the cash and physical markets for gold. This is exactly what we would expect to precede a major market-shaking event based on a physical gold shortage.
"Tick... Tock"
Submitted by Tyler Durden on 09/12/2015 20:55 -05008 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done... and now the clock is ticking and there is hardly any time left. The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself. The world in which and for which our old system was built is now changing around it in fundamental ways.
The Danger Of Eliminating Cash
Submitted by Tyler Durden on 09/07/2015 17:10 -0500In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it. Gold was to be replaced by fiat cash which could be issued by the central bank at will. This removed from the public the power to bring a bank down by withdrawing their property. A primary, if unspoken, objective of modern central banking is to do the same with fiat cash itself.
Flawed Fundamentals, Nasty Macro, Structural Industry Change: For Wall Street Banks It Really Is Different This Time
Submitted by Reggie Middleton on 08/26/2015 08:39 -0500This time, it really is different. It's "Structural", not "Cyclical". It's actually a very big difference, and banking will never be the same.
Aug 19 - PBOC injects $48bn into China Development Bank
Submitted by Pivotfarm on 08/18/2015 17:18 -0500The central bank has injected new capital into the China Development Bank (CDB), which provides medium and long term financing to major national projects, in a bid to reinforce its capital adequacy.
Greek Deposits Become Eligible For Bail-In On January 1, 2016
Submitted by Tyler Durden on 08/17/2015 21:28 -0500Earlier today an EU official was reported as saying that Greek banks will exclude all depositors from losses until the EU’s Bank Recovery and Resolution Directive rules go into effect on Jan. 1, 2016. Needless to say this was vastly different to Dijsselbloem's blanket guarantee statement from Friday, and suggests that depositors will indeed be bailed-in, but not right now: only after BRRD rules come in place on the first day of 2016.
Varoufakis: "In 1967 There Were The Tanks And In 2015 There Were The Banks"
Submitted by Tyler Durden on 08/02/2015 09:10 -0500"This was nothing but a coup. In 1967 there were the tanks and in 2015 there were the banks. But the result is the same in the sense of having overthrown the Government or having forced it to overthrow itself."







