Monday , 24 September 2018


Banking

Financial Armageddon Approaches: 6 Major U.S. Banks Are Betting 24 TIMES MORE MONEY THAN THEY HAVE Via Derivatives

Deutsche Bank’s catastrophic derivative exposure has hammered down its stock price from $135 in 2007 to only $17/share today - ergo a heart-stopping price loss of -87%. Furthermore, DB’s stock price appears to be hell bent for leather to follow Lehman Brothers’ lethal path to Wall Street’s graveyard due primarily to its oppressive derivative’s exposure. As Warren Buffett has said: “Derivatives are weapons of mass destruction.”

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The U.S. Dollar Is Toast! Gold Could Rally By 50%

As the dollar strengthens gold weakens & as the dollar falls, gold rises - .and it is my firm belief that the dollar is toast. If the dollar falls to the same magnitude which it has in previous interest rate cycles, we could see gold rally by 50%.

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The Decline of the USD & Rise Of An IMF – SDR Basket Of Currencies

American balance of trade deficits will start to hurt and haunt the U.S. as the world migrates to a series of arrangements for trade beyond the USD (although the USD will continue to function as the lead foreign exchange/reserve and trade currency for sometime yet) and the introduction of an IMF-SDR basket of currencies.

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What Does “Trillion” Mean – Other Than Being A “Humongous” Number?

Then the next time you hear the word "trillion" used in relation to government debt, the financial markets or the latest corporate takeover price take a step back. Then think again about the foregoing comparators. Finally, think again about the economic, business and financial markets content you are hearing, reading or seeing and the humongous numbers that are being bandied about without context.

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Will China Introducing A Yuan-denominated Gold Price Fix Be Bullish For Gold?

On April 19th China introduced a yuan-denominated gold benchmark on the Shanghai Gold Exchange in a move to become an even bigger player in the global gold market. Gold transactions to be conducted without dollars, separate from the New York and London metals exchanges that have dominated the gold market for decades. Will that be bullish for gold as so many analysts think?]

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Open Your Eyes! These Signs Suggest Another Financial Crisis Is Coming Down the Road!

Our debt today approaches $19 trillion dollars -it was only 10 trillion dollars during the financial crisis of 2008 - yet, once again, main street has fallen into a stupor state incapable of comprehending another financial crisis. Totally ignored is the fact that our real debt is closer to a not-so-normal $166 trillion. Throw in a few hundred trillion of derivative debt, held by our largest financial institutions and the reality is so incomprehensible it has become deniable - despite all the signs another crisis approaches. What are those signs? The time has come to open our eyes to reality and see the signs that clearly mark the path on which we travel to the end of the road.

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Ben Bernanke On the Pros & Cons of Negative Interest Rates

We can't rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve respond? What tools remain in the monetary toolbox? In this and a subsequent post, I discuss some policy options the Fed might consider, focusing first on negative interest rates.

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