| |
 | Deepcaster |
| Profit, Protection, Despite Cartel Interventions—November 2017 Update |
| Governments love [the war on cash]. Then they can control you...we are not going to have as many freedoms as we have now ...get prepared because we're going to have the worst economic problems we've had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.“…the next time aroWednesday, November 1, 2017 |
|
 | Thorsten Polleit |
| Mario Draghi’s Fatal Conceit |
| On 23 August 2017, the president of the European Central Bank (ECB) gave a speech titled “Connecting research and policy making” at the annual assembly of the winners of the Nobel Price for Economics in Lindau, Germany.1 What Mr Draghi talked about on this occasion — and especially what he didn’t talk about — was quite revealing.Any analysis of the causes of the latest financial and economic crisis is conspicuously absent from Mr Draghi’s remarks. One gets the impression that the crisis came basWednesday, August 30, 2017 |
|
 | Gary Savage - Smart Money Tracker |
 MANIPULATION OF THE GOLD MARKET HAS CREATED RAREST OF OPPORTUNITIES |
| The banksters, by manipulating the price of gold and artificially creating a bear market, have created what will likely turn out to be one of the greatest opportunities ever seen. I’ve maintained all along this was the goal. To create the most destructive bear market in history, which would then generate the largest bull market the world has ever seen.
Folks you might as well take advantage of this opportunity. The banksters aren’t the only ones that deserve to get rich. They have destroyed millSunday, July 3, 2016 |
|
 | Wolf Richter |
| ECB Blows €400bn on “Brexit Black Friday” for Bank Bailouts |
| Dealing with a Financial Crisis under cover of Brexit Chaos
Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday.
The ECB saw what was happening to the shares of the largest bMonday, June 27, 2016 |
|
 | Mish - Global Economic Analysis |
| Is the ECB Bailing Out Italian Banks on the Sly |
| Italian banks are trading at enormous discounts to book value.
That implies you believe the book values of Italian banks fully factors in nonperforming loans.
I don’t and neither does reader “Lars” from Europe who pinged me with these thoughts.
Hi Mish
We get new Target2 numbers on Monday. Apart from you, nobody seems to be interested in these numbers. Draghi is using a central bank settlement system to finance European banks to the tune of €820 billion, and nobody seems to care. I tried to aleMonday, May 2, 2016 |
|
| Mish - Global Economic Analysis |
| Is the ECB Bailing Out Italian Banks on the Sly |
| Italian banks are trading at enormous discounts to book value.
That implies you believe the book values of Italian banks fully factors in nonperforming loans.
I don’t and neither does reader “Lars” from Europe who pinged me with these thoughts.
Hi Mish
We get new Target2 numbers on Monday. Apart from you, nobody seems to be interested in these numbers. Draghi is using a central bank settlement system to finance European banks to the tune of €820 billion, and nobody seems to care. I tried to aleSunday, May 1, 2016 |
|
| Graham Summer - Gains Pains & Capital |
| The EU: a 46 Trillion Euro Lehman Brothers |
| So much for QE as the answer to the EU’s problems.
In 2012, during the depth of the EU banking crisis which nearly took the entire EU financial system down, Mario Draghi stated that he would do “whatever it takes” to hold the EU together.
Anyone paying attention knew that this was a bluff. True, the ECB and EU leaders had already defied if not broken every condition of the Maastricht Treaty and the Schengen Treaty (the legislation that formed the EU proper). However, even to the most cynical aSunday, May 1, 2016 |
|
| 24hGold - Noodls |
| Expiry of Listed Options |
| f2437aad7dd1ccb8590bc5.pdf
ASX : LTR
ABN 39 118 153 825
ASX ANNOUNCEMENT 28 SEPTEMBER 2015
Expiry of Listed Options
Liontown Resources Limited (ASX: LTR) advises that 32,645,370 options quoted on ASX under code LTRO and exercisable at $0.05 expired on 27 September 2015.
The capital structure of the Company following the expiry of these options is:
Number
Shares on issue
576,300,067
Unlisted options
5,850,000
Leanne Stevens CompaTuesday, September 29, 2015 |
|
| 24hGold - Yahoo |
| 9:20 am Joy Global follow up: CAT -7 on guidance, layoff plan; peers JOY, DE, CNHI, TEX ticking lower |
| 2:49 pm Market View: Further upside price action for SPY, QQQ, & DIA here as we near the final hour of trading with SPX now 1931.66 -7.10 well off the 1908.92 session low (:TECHX) : 2:44 pm Currency Market Summary (:FOREX) : Greenback Declines for Second-Straight SessionThe U.S. Dollar Index fell 0.11% to 95.96 today, trading to some degree with the U.S. stock market and government bond yields since declining yields and equities signal a lower likelihood of the Federal Reserve tightening intereThursday, September 24, 2015 |
|
| Graham Summer - Gains Pains & Capital |
| The political class and Central Banks are unable resolve debt issues in any meaningful way |
| Yesterday we assessed how elements of the financial media are either unbelievably lazy or completely complicit in helping to maintain the illusion of success for the Centralized powers (large governments and Central Banks).
Today we move on to addressing how the political class and Central Banks are unable resolve debt issues in any meaningful way.
Going into its financial crisis in 2009, Greece had a GDP of $341 billion. To put this into perspective, it’s roughly the size of the state of MarySaturday, August 8, 2015 |
|
| Graham Summer - Gains Pains & Capital |
 The REAL Issue With a Grexit/ Greek Default  |
| The situation in Greece boil down to the single most important issue for the finacial system, namely collateral.
Modern financial theory dictates that sovereign bonds are the most “risk free” assets in the financial system (equity, municipal bond, corporate bonds, and the like are all below sovereign bonds in terms of risk profile). The reason for this is because it is far more likely for a company to go belly up than a country.
Because of this, the entire Western financial system has sovereigFriday, April 17, 2015 |
|
| Graham Summer - Gains Pains & Capital |
| Greece is Just the Tip of the Iceberg for the $100 Trillion Bond Bubble |
| Greece, as a country, represents 2% of Europe’s GDP. The country lied in its financial to enter the EU. Since that time, it’s been officially bankrupt since 2010.
The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (roughly equivalent to what Argentina experienced in its 2001 implosion).
And yet, despite all the bailouts and claims that Greece was “fixed,” the country is set to default on some of its debt this Friday.
How on earth does this farceThursday, March 19, 2015 |
|
| Graham Summer - Gains Pains & Capital |
| Central Bankers' Worst Nightmares Are Unfolding in Greece |
| The situation in Greece boil down to the single most important issue for the finacial system, namely collateral.
Modern financial theory dictates that sovereign bonds are the most “risk free” assets in the financial system (equity, municipal bond, corporate bonds, and the like are all below sovereign bonds in terms of risk profile). The reason for this is because it is far more likely for a company to go belly up than a country.
Because of this, the entire Western financial system has sovereigSaturday, February 21, 2015 |
|
| Graham Summer - Gains Pains & Capital |
| The Biggest Bubble in History is About to Pop |
| If you are an investor, your big concern should not be about what to stocks… but what happens when the bond bubble goes bust.
For 30+ years, Western countries have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes.
This was usually sold as a “temporary” issue. But as politicians have shown us time and again, overspeSaturday, December 6, 2014 |
|
 | Egon von Greyerz - Matterhorn AM |
| Breaking: European Central Banks repatriate gold from USA |
| What is this secret repatriation of Gold about?
We have heard from one very reliable source that repatriation of gold is secretly taking place at this moment from the USA to Europe. This is October 2014!
The information contains details about transported quantities by one of the global security firms being much higher than usual, as well as country of destination.
This leads us to believe that some central banks in Europe may be feeling tension and their boards see that the ‘whatever it takes’ QThursday, October 23, 2014 |
|
| Mish - Global Economic Analysis |
| Draghi Pressures ECB to Buy "Junk-Rated" Loan Bundles of Greece and Cyprus |
| On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB's balance sheet by another €1 trillion.
Draghi confirmed the asset purchases would "include the real estate, the RMBS, real estate ABS. It would also include a fairly wide range of ABS containing loans to the real economy," but only "the senior tranches, and the mezzanine tranches only if there is a guarantee."
Now, just three weeks later, he wants to buy outright junk, presumably without guaranWednesday, October 1, 2014 |
|
 | Gordon Long - Market Analytics |
| Mish Shedlock Talks Financial Repression |
| Mish Shedlock talks Financial Repression with Gordon T Long.
Financial Repression
"Financial Repression is a set of fiscal & monetary policies for the express
benefit of the ruling class - the politicians, the banks, and the already wealthy
at the expense of everyone else"
The Goal
"It is about coercing the government into doing things that are in the express
interest of the ruling class. The already wealthy are the ones who gain the
most"
Mish Cites the Following Examples:
Wednesday, October 1, 2014 |
|
| Mish - Global Economic Analysis |
| ECB's Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity |
| Following on the "success" of the ECB's LTRO (Long Term Refinance Operation) which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a TLTRO or Targeted LTRO on September 4.
The ECB's intent is to spur lending.
Lending Spree Short of Expectations
Today the Financial Times reports ECB’s Lending Spree Short of Expectations.
The European Central Bank’s first offer of cheap four-year loans has fFriday, September 19, 2014 |
|
 | Andy Hoffman - Miles Franklin |
| Nothing! |
| Frankly, it’s embarrassing that we have to speak so much of the Federal Reserve whose criminal machinations are rapidly catching up to the English crown in the race for which institution has caused more damage in the past thousand years. Quite the doom considering the Fed’s only been around a hundred. I’ll get to their uber-dovish statement momentarily; but first, let’s speak of the expanding horrors they’ve spawned from the four corners of the Earth.
I mean, Scotland is today deciding if it sThursday, September 18, 2014 |
|
| Mish - Global Economic Analysis |
| ECB's €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Len |
| ECB president Mario Draghi pulled out a bazooka today announcing asset purchases. The ECB also cut interest rates to 0.05% (from 0.15%) while offering negative 0.2% on funds parked with the ECB.
Here are some details from the ECB Announcement.
Governing Council decided today to lower the interest rate on the main refinancing operations of the Eurosystem by 10 basis points to 0.05% and the rate on the marginal lending facility by 10 basis points to 0.30%.
The rate on the deposit facility wasThursday, September 4, 2014 |
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