PRIVATE BLOG – Banking Crisis – II (The 2-Fold Crisis) Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ The post PRIVATE BLOG – Banking Crisis – II (The 2-Fold Crisis) first appeared on Armstrong Economics.
Credit Suisse has gone from one crisis to the next. Last month alone, the bank reported that customers have withdrawn $120 billion. A rogue employee stole the names of people with $50 million or more and probably gave that to tax authorities for a bribe – the second time this has taken place in Switzerland. […]
QUESTION: Hello Martin, Hope your doing well, you spoke about keeping some money, outside of banks, do you see sterling paper money being cancelled by the bank of england, as they have already cancelled old £5/£10/£20/£50 and £1 coins, you have to bring them to the bank an exchange for new plastic type paper currency,my […]
QUESTION: Dear Martin – We owe your respect for what you are doing and I wanna say thanks for educating your followers like me. With the issue of this growing international crisis, are you able to provide ideas on what the triggers maybe when it begins to come out of the surface? What can we […]
The banking crisis in Europe is expanding. European banks have no liquidity and the negative interest rates have done so much harm to traditional banking in Europe, we are witnessing excessive fees unfolding. HSBC is raising its overdraft rate of 39.9% for UK customers from March 2020. Santander’s latest bank to set a 40% overdraft rate. Savings […]
QUESTION: Marty, finally we decided to open a bank account in the USA which is not part of the CRS. But now we do not know which US-bank is safe enough and where to go! You mentioned that Goldmann Sachs, Citigroup, Morgan Stanley, Bank of America and JP Morgan Chase have derivative exposure linked back […]
QUESTION: Dear Martin, You have discussed the structural design flaw in the euro being due to the lack of consolidation of EU countries’ debt, as well as, EU policies that prohibit bank bailouts. Why could EU policies regarding the prohibition of bank bailouts just not be changed to allow for bailouts? If I understand correctly, […]
QUESTION: Dear Martin, I am a follower of your blog since I saw your film on a plane coming back from the US. Recently I purchased access to the private blog because I find priceless the nonbiased information you share with us. I am a middle-class European guy, with no investment, only a bit of […]
PRIVATE BLOG – REPO & the Big Fear Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Italy is again helping a troubled bank. The government approved an emergency ordinance to support the Volksbank Popolare di Bari on Sunday and provided grants of up to 900 million euros. Volksbank Popolare di Bari was founded in 1960 as a cooperative bank. However, funds from the Ministry of Finance will not go directly to […]
