You Are Here: Home » News » Economic Collapse (Page 4)

FDIC closes bank in MD bringing total number of failed banks in 2014 to 15

NBRS Financial, located in Rising Sun, MD, was closed down by the FDIC on Friday, Oct. 17.  This bank failure is the first for the month of October and brings the total amount of bank closures in 2014 to 15. 10/17/2014 *** MD *** Rising Sun *** NBRS Financial *** $24.3 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $24.3 million. If you were banking at NBRS in Rising Sun ...

Read more

Market manipulation: Thou shalt not let the stock market fall…

While many understand how the great stock market rise was based primarily on Federal Reserve QE and the pumping of trillions of dollars into equities to create the illusion that everything is fine in the economy, is there any proof of manipulation being done to keep investors from selling their stocks, and bringing the markets back to reality?  The answer to that question appears to be a resounding yes as i ...

Read more

Market reactions since Fed removed QE3 prove entire economy reliant upon debt

They say that a Doctor must remove a cast or sutures from a patient to determine if their body is healing itself, and if the patient is getting better from the treatment.  The same can be said of an economy when the Fed stops its artificial pumping of liquidity into the system, and ends its debt based infusion to keep the markets artificially propped up. And with the stock markets, and in particular the DOW ...

Read more

Fed President cites need for QE4 even before QE3 is finished

If there ever was validated proof that the entire financial system was reliant upon, and held together solely by central bank money printing, today was absolute confirmation.  On Oct. 14, San Francisco Fed President John Williams stated that a new round of QE (4, 5, 6?) would be needed once again should inflation benchmarks not be reached in the economy in the coming weeks.  And most notably, with oil, stoc ...

Read more

Jim Willie: If the Fed ends Zero Interest rates it will destroy the big banks

2014 has been the year of the Federal Reserve acting like the European Central Bank head Mario Draghi in that they have talked alot about ending QE and their Zero Interest Rate policies (ZIRP), but heading into the end of the year the Fed has done neither.  And the primary reason for this according to statistician and founder the Hat Trick Newsletter Dr. Jim Willie, is that the big banks have become so reli ...

Read more

2008 Redux? S&P falls below 1900 with Dow losing nearly 1000 in last 30 days

While a decline of 1000 points in a market that recently resided at new all-time highs is not a complete cause for alarm, when coupled with massive declines in Europe, Japan, and a wave of global deflation fears, we suddenly find that the table is set for a repeat of the great stock market crash of 2008. As trading forges towards a close on Oct. 13, the Dow has now lost more than 800 points since Sept. 23, ...

Read more

40 years of Socialism in France has now bankrupted their budget

In France, where they have no had a balanced budget since 1974, the world's largest welfare state has finally reached terminal velocity and is being forced to induce austerity on its people as the nation sits on the precipice of bankruptcy.  On Oct. 9, Prime Minister Manuel Valls is beginning a new program of welfare and family subsistence cuts that are sure to result in a revolt by a population that has be ...

Read more

Federal Reserve has one final card up its sleeve… the Doomsday Book

This week, former heads of the Federal Reserve and U.S. Treasury converged on Washington to give testimony as to the monetary status of the economy and banking system.  During part of the more than six hours of testimony, the financial heads were asked about a secret and disturbing publication the Fed has in case of a sudden financial meltdown.  Known as the Doomsday Book, this document supposedly is a comp ...

Read more

Dollar’s sudden strength occurring as a sign the world is rejecting reserve currency

Approximately three months ago, the dollar began a massive rise in relation to other global currencies, with its value gaining more than 675 bps on the charts.  Closing out on Friday, Oct. 3 around 86.64, this is the highest the dollar has been since the middle of 2010 when the Federal Reserve began its first round of Quantitative Easing, and Europe was enmeshed in a liquidity crisis. But while economists a ...

Read more

New jobs report: More hiring’s for Grandma and less for Grandkids

As Wall Street swoons around today's front line BS... err I mean BLS jobs report, the bottom line once again is that more people actually fell off the participation roles than actually found employment in September.  And even more disconcerting was the fact that the majority of these jobs were gained in the 55-69 age group, with 10K jobs actually being lost in the 25-54 range. So to sum it up.  230,000 Gran ...

Read more

SHTF ALERT: When These People Go Into Hiding, It Is Time to Pay Attention

Something big is about to happen. How do I know? I know because people I have known for years have pointed to the last quarter of 2014 as the beginning of the end for many of our institutions and perhaps our very way of life.  Some of my very best contacts have told me that it is time to stop warning the people, because it is now time to start hiding from the wrong people. My initial reaction is to not beli ...

Read more

350LB WELFARE HIPPO: ‚ÄėIt’s Not My Fault I’m Fat‚Äô, It’s Because I Need More Money From the Government

Size 28 Christina Briggs claims over £20k in taxpayers’ money, but says healthy eating is too expensive. Thanks to her regular diet of crisps, chocolate and takeaways mom -of- two Christina Briggs tips the scales at an unhealthy 25st (350 pounds). But size 28 Christina, who has never worked and rakes in over 20K in benefits a year, takes no responsibility for her weight gain and says she needs more money fr ...

Read more

© 2012 Secrets of the Fed