All posts in " Banking Crisis "

European Banking Crisis

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 […]

Commerzbank to Merge with French BNP

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 […]

Scandal of Selling Insurance on Products, Mortgages & Loans

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 […]

Yellen Reveals She Also Does Not Understand What it all Crashed in 2007-2010

August 27, 2017

The head of the Federal Reserve, Janet Yellen, has warned politicians against turning back financial market regulation, yet she herself does not comprehend what the regulation truly accomplished. She has warned that any adjustments to the framework should be discreet. The Jackson Hole gathering turned out to be financially tense. Yellen admonished politicians stating bluntly that […]

European Banks – The Next Crisis – The Unseen Cause in Plain View

August 22, 2017

The clouds have not lifted from the heart of the financial center within the European Union on the continent. The origin of the next crisis is unseen yet in plain view if you care to look. Ten years since the financial crisis of 2007-2009, the core fundamental problems in the banking sector have not yet […]

Wall Street Banks Stunned At Trump’s Proposed Reform

August 16, 2017

  Trump’s economic consultant adviser, Gary Cohn, has declared a return to the separation system in the US banking system in effect restoring Glass-Steagall Act which dates from the 1930s and was adopted as a result of the Great Depression yet abolished in 1999 by the Clintons. Trump had already spoken during the election campaign […]

The Currency & Banking Crisis for Europe

August 15, 2017

QUESTION: Thanks for this free advice. But, in this comment: “/our-european-tour-part-ii-seizing-all-bank-accounts-throughout-eu/” You write: “Clearly, people should be fully aware of the thinking process in government. Brussels will become authoritarian when the free markets rain on their parade. I strongly recommend that everyone should keep 30 days worth of cash to cover your basic needs.” But, it […]

Keeping 30 days Worth of Cash Applies Worldwide

August 5, 2017

QUESTION:  On Aug. 2 in your blog that you stonily recommend that everyone keep 30 days worth of cash was that just for the Eu? Thank You S ANSWER:  No. Even FDR closed the banks. While bailouts have ceased, the government will simply now expropriate depositors money to save the banks. Keep in mind that […]

Which Banks to Keep Cash Short-term

August 4, 2017

QUESTION: Hi Marty A quick question for you – given the moves afoot inside the EU are blocking bank accounts even of those with less than €100,000 , which banking jurisdictions would you put on the shortlist for those ordinary people resident in Europe who want a bank in a decent jurisdiction and where the regulatory […]

Our European Tour – Part II – Seizing All Bank Accounts Throughout EU

August 2, 2017

  Many financial firms in London claim to be looking to move to Frankfurt or Paris with BREXIT. They are going to have a very rude awakening. The proposition to demand all euro clearing takes place inside the EU will be the death of Europe – not the rebirth. The dominating position in Brussels among […]

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