The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist, Matthew Lynn. “It all has a very 2008 feel to it …” he warns and outlines his and our growing concerns about Deutsche Bank.
“I am sorry, we cannot open a bank account for you because you are a US citizen... Earlier this month we received a directive from top management not to open any more accounts for US passport holders, even if they are also Swiss. I am really sorry, but we cannot do anything for you..." You’re guilty until proven innocent... This was when I first considered renouncing my US citizenship.
A Chechen national suspected of being the mastermind behind the deadly Istanbul airport terrorist attack, earlier received refugee status in Austria, which helped him to repeatedly avoid extradition to Russia on terror charges.
$13,903,107,629,266. Can the nation afford this much debt?This much we have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.
“The most serious risk and the one that has the most potential for escalating in the future is the enterprises’ lack of capital," Fannie's top regulator, Mel Watt says. The GSEs' capital buffer is being steadily depleted as the government sweeps the entirety of the businesses' profits, putting taxpayers in the absurd position of having to bail out two entities they've already bailed out due to the constraints imposed in an effort to recoup the first bailout.
America’s next president will inherit more than a bitterly divided nation teetering on the brink of financial catastrophe when he or she assumes office. He will also inherit a shadow government, one that is fully operational and staffed by unelected officials who are, in essence, running the country. To be precise, however, the future president will actually inherit not one but two shadow governments.