All posts in " Banking Crisis "
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Banking Insurance – The Real Risk Behind the Curtain

By admin / November 20, 2017

  COMMENT: I’m sure you are aware but just highlighting that the ‘Assumption’ goes deeper than personal bank accounts, as this is ALSO the assumption taken by the clearers too! They assume that if one CCP fails then the others just pick it up. Obviously, given that then the stress tests are taken just for one bank […]

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Bank Insurance Clarification – A contagion eliminates all Rules!

By admin / November 20, 2017

The entire banking insurance schemes created during the aftermath of the Great Depression, are predicated upon an ASSUMPTION that a bank failure is a single isolated event. The contingency plan for a wide-scale banking collapse will default to a “per person” basis despite what anyone else says. I have been in meetings and that is […]

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ECB & the Coming Banking Crisis

By admin / November 20, 2017

  QUESTION: Mr. Armstrong; Your post of November 16th where you state that the ECB is looking to freeze accounts in a banking crisis, does that mean they will no longer honour the claimed insurance of €100,000 per account? PH ANSWER: No. They will not pretend to eliminate that insurance, they just will “suspend” it […]

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EU Preparing for the Banking Crisis

By admin / November 16, 2017

Subtly, the EU is looking to establish preparations for the coming banking crisis and how to protect the banks from massive withdrawals. The solution? The EU wants to be able to temporarily free up credits for the banks and at the same time to freeze bank deposits, In other words, like Greece, you just won’t be able […]

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European Banking Crisis

By admin / November 13, 2017

There is intense resistance building against the stricter new rules on bad loans among the European banks. This will hit Italy hard and may push off the edge more than one Italian bank. With the elections coming next year in Italy, the banking rules may be the straw that breaks the back. The background to […]

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Why would anyone buy European bank stocks?

By admin / October 10, 2017

The European banking crisis is still brewing. The biggest problem rises from the rules that if a bank is in trouble, they just seize the bank and sell it for €1 and all the shareholders lose everything. This is having serious impact upon the European Banking System as a whole as I previously warned. The Italian […]

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ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

By admin / September 27, 2017

QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering perspective. It certainly disproves the Austrian School and the events post 2008 support your statement. The European Central Bank is supposed to traditionally pursue the goal of monetary stability. The Germans have followed the Austrian […]

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European Banking Crisis

By admin / September 23, 2017

Perhaps this period will be looked back upon as the Draghi Deflation. After nearly 10 years of this failed policy, the European banking industry is contracting on every possible level. The merger of Commerzbank to Merge with French BNP is one possibility. Commerzbank is a takeover candidate or shotgun wedding candidate, for good reasons. Its shares have fallen […]

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Commerzbank to Merge with French BNP

By admin / September 23, 2017

According to a the latest spin, the German federal government’s withdrawal from the Commerzbank has left the favored shotgun wedding merger. Commerzbank is the Frankfurt money house which will be merged with the French BNP Paribas. This is being presented as if it were a strong German-French merger which is suggesting that there is a deeper European banking […]

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Scandal of Selling Insurance on Products, Mortgages & Loans

By admin / September 4, 2017

One of the biggest rackets contributing to digging a deeper hole of economic decline in growth since the 1990s has been the insurance protection scam. When you go to a store they offer you protection on whatever you buy. The profits on these deals is exceedingly high. In many cases, computers or a TV has […]

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