UK Nat West Bank has seized all bank accounts of Russia Today (RT) to end their broadcasting, according to its editor-in-chief- Margarita Simonyan who took to Twitter to announce: “They’ve closed our accounts in Britain. All our accounts. ‘The decision is not subject to review.’ Praise be to the freedom of speech!” RT says that […]
American banks would rather return to the USA than strengthen their activities in the Eurozone. The U.S. banks, overall, now expect the EU to simply disintegrate. Brussels is not about to surrender its dream and is clinging to life as it slowly dies. The general view now is that the European banks are reaching the point of […]
QUESTION: Any update or longer term array for the GBP? You said they are attempting to hold the USD’s advance back any chance there’s also attempt to punish the UK with an attack on the currency? LM ANSWER: Of course. Europe has a different mindset when it comes to currency. They view the currency as if […]
Ten of the large hedge funds are withdrawing from Deutsche Bank. What must be understood here is that Deutsche Bank is the main clearing house for trades in Europe. The problem the hedge funds have is where do they move for clearing? Short-term, they can move to New York or London. With over $60 trillion […]
Merkel admitted that the European Union is in a “critical situation” as the EU leaders met in Slovakia. I greatly appreciate all the emails asking why I do not go to Europe to push our solution to save the continent. But what you have to understand is we will ONLY get a call when there is blood on […]
Mario Draghi cannot possibly admit that he is dead wrong in managing the European economy. This idea that continuing to lower rates will somehow inspire people to risk it all is just insane. This is even coming from Goldman Sachs, which means nothing for qualification. The people in the elitist banking group think that power makes […]
It is just now coming out that some recognized refugees have been traveling back to the countries they fled to take vacations. This is further rubbing salt into the wound. Merkel’s government has been stupid in dealing with this entire issue from hiding rapes of German girls, betraying her own people, to starting classes to […]
QUESTION: I saw you at your presentation in Dresden last year. Things in the East are rather different from the West in Europe. Do you have any comments on this great divide? Thank you for coming to Dresden. KMV ANSWER: There is a great divide in Europe between East and West that is rarely, if […]
With the ECB expanding its quantitative easing program to include corporate debt, European companies are now scrambling to issue as much debt as they can as cheap rates. These issue are selling BECAUSE it is assumed they have a guaranteed bidder being the ECB. At least this part of the QE is far better than […]
Hollande is running only around a 10% approval rating. Merkel’s CDU came in third place in her home state. Things are a moving and shaking as they say in Europe. Indeed, get ready for 2017 will be the tipping point in markets as a whole. The refugee crisis has indeed changed the face of Europe […]
