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BANKING & ECONOMY

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skipman
Member
#1996 | Posted: 11 Jun 2017 22:07
Reply 
skipman:
Could this be the start or is it a stalling move?

If the above was meant to calm nerves and steady the market, it did not work.

http://wolfstreet.com/2017/06/10/liberbank-spanish-bank-about-to-bite-the-dust/
skipman
Member
#1997 | Posted: 11 Jun 2017 22:13
Reply 
In America their biggest concern at the moment is the car market.

That great idea, where they sold mortgages to people who could not afford them. They thought, why not do the same with cars, what could go wrong?

http://wolfstreet.com/2017/06/09/wall-street-wakes-up-to-auto-sales-downturn/
skipman
Member
#1998 | Posted: 18 Jun 2017 23:08
Reply 
Forty nine out of the fifty American states are technically bankrupt. This one is the closest to being the first to default. This is what happens when you keep putting off sorting out your debt mess.

http://www.zerohedge.com/news/2017-06-17/illinois-state-official-we-are-massive-crisi s-mode-not-false-alarm
skipman
Member
#1999 | Posted: 25 Jun 2017 19:03
Reply 
When an ordinary citizen hacks into America's military servers to discover what they know about UFO's or aliens. America moves heaven and earth, citing national security and the LAW must be enforced, to get that person, who has hurt no one nor gained financially, extradited to the U.S. for prosecution.

Yet when a British bank, launders drug cartel money, by the hundreds of millions, that becomes a different matter. Especially when George Osbourne gets involved. He thinks it is better if drug cartels prosper, which in turn leads to the death of tens of thousand of innocent people who get killed when the cartels fight each other, for each others territory with the money kindly laundered by the banks, with Osbourne's blessing.

He wrote to Ben Bernanke asking him to back off or there would be financial caamity in the markets if the bank was prosecuted as opposed to being just fined and could you also make the fine smaller please? He is such a ... whats the word that rhymes with banker?

http://uk.businessinsider.com/hsbc-too-big-to-jail-report-george-osborne-letter-warne d-of-financial-contagion-if-bank-prosecuted-2016-7?r=US&IR=T
skipman
Member
#2000 | Posted: 27 Jun 2017 22:49
Reply 
What happened to that legislation that was signed into law by the G20 over a year ago, stating that there will be no more bank bail outs only bail ins?

http://unreportedtoday.com/2017/06/27/italys-newest-bank-bailout-cost-as-much-as-its- annual-defense-budget/
skipman
Member
#2001 | Posted: 22 Jul 2017 08:45
Reply 
skipman:
A number cruncher discovered an interesting fact. Just before the British government made an announcement about the economy there was a flurry of movement in options on the pound. You might think this normal, if the figure was one thing they would make money if not they would lose, they were betting on what they thought it would be, after all they are analysts.

Except these guys were getting it right every time, without exception. He also noticed that the figures are released to certain government departments 24 hours before being officially announced.

Coincidence? He checked what options are made in countries that do not give departments 24 hour notice of the figures. No options are made.

Call me paranoid but I would be checking who in that group who get the heads up, has shares or links to those companies that have the lucky streak.

When the above was brought to light ,steps were made to reduce the chances of the data being leaked. It does not look like enough steps were taken.

https://www.rt.com/uk/396782-pound-plunge-inflation-leak/?utm_source=rss&utm_medium=r ss&utm_campaign=RSS
skipman
Member
#2002 | Posted: 3 Aug 2017 23:58
Reply 
There is a concerted effort to demonise cash around the world. Australia is reverting back to its penal colony era.

http://investmentwatchblog.com/aussie-war-on-cash-nanochips-in-50-and-100-notes-cash- should-expire-after-a-designated-period-of-time/
skipman
Member
#2003 | Posted: 12 Sep 2017 16:14 | Edited by: skipman
Reply 
When India decided to outlaw high denomination notes, it said it was to crack down on corruption and fraud. It believed that was about Five trillion rupees in the black economy.
Surprise, 99% of the money has been handed in.

The down side, millions have been made unemployed as small businesses have shut, some permanently. When they collected the high notes in, there was not enough low notes printed nor was the infrastructure in place to replace them all.

Farmers could not get the money for their goods as there was none so stopped taking their goods to market. This led to higher prices,people could not afford. It also meant the farmers could not make payments on their loans.

The economy which had been growing nicely has stalled. But it stopped the black economy right?

https://www.aier.org/research/india%E2%80%99s-demonetization-experiment

The majority of people involved in the black economy do so just live day to day. they do not have piles of cash under the floorboards. The main ones involved in fraud and corruption are the bankers and big business and their illicit gains are off shored, precious metals and property. No need for piles of cash as the near return of all the money proves.
skipman
Member
#2004 | Posted: 20 Sep 2017 22:56
Reply 
This is what happens when hedge fund companies do the leveraged buy out scams.
Bain Capital is involved in this . They borrowed cheap money to buy the company, then loaded it up with debt, paid themselves vast amounts in dividends and finally hollwed out the caompny of anything valuable. In the process doing nothing to prepare the company for the likes of amazon.
What was once the largest toy retailer in the world is now bankrupt.

https://wolfstreet.com/2017/09/18/toys-r-us-bankruptcy-bonds-collapse/
skipman
Member
#2005 | Posted: 27 Sep 2017 17:01
Reply 
skipman
Member
#2006 | Posted: 28 Sep 2017 12:12
Reply 
The problem with economists is when they are asked why their economic models/predictions do not comply with reality they never give a straight answer. There is always some variable that occurs, that stops the economic forecast from proceeding to its predicted conclusion. That variable is usually lack of proper research or plain common sense on the part of the economist.

Have you ever wondered why, when countries go to the IMF for a loan, the IMF economists tell them what they must do to get back to a prosperous economy and they only end up worse off?

Walt Disney's brother,using economic "facts" showed him that it would be impossible to make any profit on his Disney land project. How many are there now?

This article is a case in point on why economists are modern day witch doctors.

https://gefira.org/en/2017/09/26/the-economist-sending-1-2-billion-unskilled-africans -to-europe-will-increase-world-gdp/
skipman
Member
#2007 | Posted: 2 Oct 2017 12:18
Reply 
This could be a good thing but how many of those affected will do anything?

https://wolfstreet.com/2017/09/30/fears-that-credit-freezes-impact-economy-lending-sa les/
skipman
Member
#2008 | Posted: 18 Oct 2017 09:45
Reply 
When it comes to the press reporting on the activities of the political party conferences, they only report the banal or their twisted version of the fringe meetings.

There was one meeting at the Tory conference that was not, to my knowledge, even mentioned. Mainly because of the panic it would have caused in the financial markets and the public.

http://truepublica.org.uk/contributor-news/the-uk-pensions-crisis-from-prophesy-to-re ality/
skipman
Member
#2009 | Posted: 28 Oct 2017 14:35
Reply 
Why do the banks need protection from prosecution? Why now?

http://govtslaves.info/2017/10/the-senate-voted-to-make-it-harder-to-sue-banks/
skipman
Member
#2010 | Posted: 6 Nov 2017 22:12
Reply 
When it comes to corrupt banks HSBC makes BCCI look like amateurs.

http://www.zerohedge.com/news/2015-02-16/hsbc-bank-secret-origins-laundering-worlds-d rug-money
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