Category: Credit Crisis 2016
The analysis published under this category are as follows.
Wednesday, March 30, 2016
New Legislation Permits FDIC to Seize Bank Deposits for Bail-Ins / Stock-Markets / Credit Crisis 2016
By: Graham_Summers
The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults, governments “defaulting” on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a default on the notions of private property and Democracy), stealth defaults on debts in the form of inflation and finally, of course, outright sovereign defaults.
Monday, March 28, 2016
Bank Deposits That Go To Zero and Capital Controls for Two Years / Stock-Markets / Credit Crisis 2016
By: Graham_Summers
Canada has joined the “bail-in” posse.
Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors.
The proposed plan outlined in the federal budget released on Tuesday would allow authorities to convert eligible long-term debt of a failing lender into common shares in order to recapitalize the bank, allowing it to remain operating.
Source: CNBC
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Tuesday, March 15, 2016
Runaway Credit is the Biggest Threat to Life as We Know It - Video / Interest-Rates / Credit Crisis 2016
By: Mario_Innecco
Transcript excerpt: Tuesday March 15 2016 today I'm gonna be talking about runaway credit
and how life as we know is under threat from runaway credit debt I don't wanna
sound alarmist but I think I need to cover this subject
I'll start out with a comment John Pierpont Morgan JP Morgan back in 1912 the poo poo joe meat committee
hearing at the EUS House of Representatives here he was asked what
gold was and he said money is gold and nothing else they they don't have a
variations that this and some people say that he said money is golden everything
else is credit but I think he was that's a misquote patient but it still serves
Wednesday, February 24, 2016
Next Banking Crisis Is Already Here – Opportunity! / Companies / Credit Crisis 2016
By: Chris_Vermeulen
When the next great financial crisis strikes, millions will be blindsided by what is coming and will be shocked by a “New Great Depression of The 21st Century”. This does not have to happen to you. It is empowering to know what is coming and to understand why it is coming. It is important to get prepared in advance for turbulent times. It is also imperative to have a plan for the years ahead. I will do my best to prepare you in advance for any eventuality.
Wednesday, February 17, 2016
U.S. Banks Ready for Negative Interest Rates? / Interest-Rates / Credit Crisis 2016
By: BATR
The test run proved that negative interest rates can push savers into minus territory. Public outrage, while registered is not heard by the central bankers. The reasoning that commercial banks will start making loans because of the cost of sitting on deposits is pure fantasy thinking. As the article, Low Interest Rates Impoverish Savers shows,
“How long will people accept this thief? The options to parking cash in hand with a FDIC insured institution seems worth an examination. However, few alternatives for working class savers exist. Surely, this occurrence is intentional because the real objective of the "New Normal" is to bankrupt Middle America. What other conclusion makes sense?”
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Friday, February 12, 2016
Will Capital Controls Return? / Stock-Markets / Credit Crisis 2016
By: Dan_Amerman
The average person may have no interest in capital controls, but to rephrase a well-known saying, capital controls are interested in you. The residents of Greece found this out in 2015 when capital controls were imposed, and they could not legally send the money in their bank accounts out of the country.
Like the rest of the world, they had been encouraged to move their data to the Cloud, and their software to subscriptions, each of which required small monthly payments. But if all our data is in the Cloud and we can't pay to access it as a matter of law, because the money would have to leave the country - what can we do next?
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Thursday, February 11, 2016
Through the Looking Glass on Interest Rates / Interest-Rates / Credit Crisis 2016
By: John_Browne
On January 29th, Japan's central bank governor, Haruhiko Kuroda, announced that the Bank of Japan would introduce a Negative Interest Rate Policy, or NIRP, on bank reserve deposits held in excess of the minimum requisite. The European Central Bank, and central banks in Switzerland, Denmark and Sweden have already partially blazed this mysterious trail. The banks have done so in order to weaken their respective currencies and to light a fire under inflation. Swiss national bonds now carry negative rates out to maturities of eleven years, meaning investors must lock up funds for eleven years to receive even a small positive nominal return!
Thursday, February 04, 2016
This Is Really Bad For Banks / Companies / Credit Crisis 2016
By: John_Rubino
Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to cheap raw material while causing borrowers to clamber for what banks were selling. Large profits usually ensued.
Wednesday, January 27, 2016
Italian Bank Panic & Bail-In - The Next Domino To Fall / Stock-Markets / Credit Crisis 2016
By: Jeff_Berwick
On January 1st of this year the European Union passed into law an official “bank bail-in” clause. The bail-in legislation put into law, across Europe, what was done in Cyprus in 2013 where bank account holders had their funds seized to “save” the bank. To us, and anyone who is paying half-attention, this was a clarion call to get your funds out of European banks.
Tuesday, January 26, 2016
Capital Controls Are Coming / Stock-Markets / Credit Crisis 2016
By: Casey_Research
By Nick Giambruno
The carnage always comes by surprise, often on an otherwise ordinary Saturday morning…
The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports.
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