Woe betide Europe’s banks if there is a second wave of the coronavirus… Read More Covid-19 is the Last Straw for Europe’s Broken Banking System
There is an urgent need for wide-ranging debt relief in the midst of the coronavirus pandemic… Read More A Global Debt Crisis Is Looming — How Can We Avoid It?
In the last few months, this mountain of corporate debt has been compounded by a once-in-a-century event… Read More A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the U.S. Economy
Last Friday, the New York Times officially embarked on what we have been expecting – an attempt to rewrite the current, ongoing Wall Street bank bailout.… Read More New York Times Rewrites the Timeline of the Fed’s Wall Street Bailouts, Giving Banks a Free Pass
The Fed’s Term Asset-Backed Securities Loan Facility, otherwise known as TALF, was supposed to help the consumer by keeping interest rates down on consumer loans. But it’s also being used to buy up commercial real estate mortgages on hotels, shopping malls and office buildings… Read More The Fed Rides to the Rescue of JPMorgan and Citi Again – This Time It’s Their Commercial Real Estate Mortgages
Here’s a clue: the word begins with “a” and ends in “y”. … Read More While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
The Nasdaq is on its final run and is going vertical, a classic end of bubble move… Read More Stock Market Crash 2020: Welcome To The End Game
“I think in a few years time, we will be heading toward some sort of digital currency.”… Read More Bank Of England Governor Signals Central Bank Digital Currency Is Coming
The Depression is deep, and the pain is wide. Yet the NADAQ is a rocket, attempting to break out of earth’s atmosphere… Read More Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!
According to a database created by The International Consortium of Investigative Journalists containing files leaked from the law firm Appleby, Jeffrey Epstein, who is under indictment as a sex trafficker and assaulter of underage girls, was the Chairman of Liquid Funding Ltd. from November 9, 2001 to at least March 19, 2007. The offshore business had been incorporated in Bermuda on October 19, 2000 and according to the Fitch ratings firm, it had $6.7 billion in outstanding liabilities in 2006.… Read More Jeffrey Epstein Chaired a $6.7 Billion Company that Documents Suggest May Have Received a Secret Federal Reserve Bailout
“While the economic shutdowns and increased use of online retailing are currently diminishing cash’s traditional function as a medium of exchange, it seems that this is being more than offset by panic driven hoarding of banknotes.”… Read More Covid-19 Isn’t Killing Cash. People Are Hoarding More of It
Private Jets vs. Pension Funds… Read More Is the End Coming for Private Equity?