Category: Credit Crisis 2012
The analysis published under this category are as follows.
Wednesday, February 01, 2012
What Really Happened To The Oldest Bank in Switzerland? / Companies / Credit Crisis 2012
By: DK_Matai
Oldest Swiss Bank Goes Down
Wegelin and Co, the oldest private bank in Switzerland, agreed to a fire sale to Raiffeisen Group in the middle of its death throes last week. Wegelin bank -- established 270 years ago in 1741 -- managed to survive every threat across three centuries: revolution, financial disaster, and war including being invaded by Napoleon, the Sonderbund civil war and then Hitler. Every threat except for one: the relentless assault on Swiss banking secrecy by the United States government to reclaim the funds lost through tax evasion schemes sold to its citizens. Wegelin is now finished, courtesy of Uncle Sam. How long before other Swiss private banks follow Wegelin's shocking demise?
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Friday, January 27, 2012
Why Go Down With the Ship? Schettino, Failed Banksters and CEOs / Politics / Credit Crisis 2012
By: Bill_Bonner
Will no one rise to the defense of Captain Francesco Schettino? No? Then we will!
The poor man is calumnied as a pusillanimous incompetent. Just because he hit a rock. Heck, anyone with a ship that big could hit a rock. And the rock wasn’t s’posed to be there!
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Friday, January 27, 2012
Credit Crisis Perfect Storm, Robert Prechter Discusses What's Backing Your Dollars / Interest-Rates / Credit Crisis 2012
By: EWI
In this video clip, taken from Robert Prechter's interview with The Mind of Money, Prechter and host Douglass Lodmell discuss "real" money vs the FIAT money system, and what is backing your dollars under our current system. Enjoy this 4-minute clip and then watch Prechter's full 45-minute interview here >>
Thursday, January 26, 2012
Economic Austery is a 'Loaded Word' Says World Bank President / Politics / Credit Crisis 2012
By: Bloomberg
Bloomberg TV's Erik Schatzker spoke to World Bank President Robert Zoellick this morning about the economic woes facing Italy. Zoellick said that Germany and other European nations can do more for Italy, and that austerity is a "loaded word."Read full article... Read full article...
Tuesday, January 17, 2012
Next Financial Crisis "Lehman Moment' Is Coming Fast / Stock-Markets / Credit Crisis 2012
By: Money_Morning
Shah Gilani writes:
It seems that my Thursday edition of Wall Street Insights & Indictments was warmly received by the bullish crowd, many of whom reached out to me to thank me for my optimism.
I'm sorry to burst your bubbles, but I am not a raging bull (but thank you for asking).
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Monday, January 16, 2012
Central Banks Transferring Risk From Private Sector onto Taxpayers / Interest-Rates / Credit Crisis 2012
By: Chris_Ciovacco
With last Friday’s downgrades of European debt, the pressure from leaders, such as French President Nicholas Sarkozy, on central banks to print more money will increase. The concept of free markets is coming into question as government intervention is increasing at an alarming rate.
Sunday, January 15, 2012
DEMOCRATIZE BANKING: How Counties Can Use Land Banks and Eminent Domain / Politics / Credit Crisis 2012
By: Ellen_Brown
An electronic database called MERS has created defects in the chain of title to over half the homes in America. Counties have been cheated out of millions of dollars in recording fees, and their title records are in hopeless disarray. Meanwhile, foreclosed and abandoned homes are blighting neighborhoods. Straightening out the records and restoring the homes to occupancy is clearly in the public interest, and the burden is on local government to do it. But how? New legal developments are presenting some innovative alternatives.
Tuesday, December 13, 2011
It's Time to Brace for a Repeat of Financial Crisis 2008, Recession 2012 / Stock-Markets / Credit Crisis 2012
By: Money_Morning
Martin Hutchinson writes:
If you think the global economy is out of the woods now that the European Union (EU) has expanded its effort to solve the sovereign debt crisis, then I'm afraid you're sorely mistaken.
No doubt, the European crisis is far from being solved - but that's hardly the only potential economic catastrophe looming on the horizon.
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