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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 ...

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U.S. is officially insolvent as it has more liabilities than the entire net worth of the country

A year ago, it was estimated that America's debt to GDP ratio was at 106%, or, that it owed in direct debt obligations more than the entire production capacity of the U.S. economy for one year.  But as with any company, corporation, or entity, as long as they have the collateral to backstop a loan, then it is highly likely that a bank will willingly provide all funds requested, even if it means at a high ra ...

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Ukraine government collapses as PM resigns and ruling coalition breaks

An interesting and inevitable conclusion came to pass on July 24 when the U.S. installed Kiev government in Ukraine collapsed today as Prime Minister Arseniy Yatsenyuk resigned and the two ruling coalitions broke apart.  This sudden fall of government is coinciding with an economic collapse that has led Kiev to be unable to pay soldiers fighting against Russian separatists in the East, and a budget that was ...

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Argentina on the cusp of default as elites put pressure on government to deal

June 30 has the potential for a domino to fall in the fragile system of global finance, which has been interlocked for more than two decades.  Today, Argentina has a bond payment due for $539 million, and for their insolvent Treasury, failure to pay could trigger a new economic collapse that even Pope Francis can't pray away from his seat at the Vatican. Argentina is poised to miss a bond payment today, put ...

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Convicted hacker to open new hedge fund to bring down U.S. banks

Back in 2005, the Discovery Channel aired a television series called, 'It takes a Thief', where a former burglar would break into the residences of average homes, then show them on video just how vulnerable their security systems and processes were.  This axiom of, 'it takes one to know one' philosophy is being put to the test as a newly freed former hacker is seeking to create a hedge fund with the sole pu ...

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$100 Trillion: World floats on a sea of debt

On March 9, the Bank of International Settlements (BIS) released its quarterly report and found that for the first time ever, global debt has reached $100 trillion, with 40% of that debt coming in just the past five years. Total global debt has exploded by 40% in just 6 short years from  2007 to 2013, from "only" $70 trillion to over $100 trillion as of mid-2013, according to the BIS' just-released quarterl ...

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Russian threat of dumping dollar could lead to $16 trillion collapse of economy

Talking heads and pundits will tell you that Russia's threat to sell their U.S. dollar reserves and confiscate assets should America or Europe choose to impose economic sanctions is not that big of a deal.  However, the corporate media misses one vital piece of information, and that is the possibility that should Russia begin dumping their treasuries en masse in the open market, then it could trigger an imm ...

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Major banks finally admitting the dollar is in trouble

On Feb. 16, a Bank of America analyst announced that the global economy is giving out clear warning signs that the dollar is entering into serious trouble, which adds more credence to John Williams recent assertion that 2014 will be the year of a dollar panic. Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML's Macneil Curry. Across asset classes ...

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Millionaire Harvard economist pulls money out of bank from fear of Fed policy

There is an old axiom in the world of stock markets, which is, you cannot catch a falling knife.  This analogy refers to the fact that when a stock or entire market begins to sell off, it is usually the insiders and big fish who are able to get their money out by making the first moves, while everyone else attempts to sell with few buyers and in the end, lose their shirts. It is the same way in banking, whe ...

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Wall Street adviser suggests guns and ammo needed for financial apocalypse

One day before the Christmas holiday, a well respected Wall Street adviser provided some interesting suggestions to a group of investors wondering about economic turmoil in the coming days.  In a memo as part of a series titled, Potential for a Financial Apocalypse, financial adviser and Forbes contributor David John Marotta suggested that in any list of items people should have ready in case of a financial ...

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Guerrilla Economist: All Western banks are defaulting right now

On Oct. 28, economist and former head trader for the Royal Bank of Scotland (RBS) issued a update on the state of the global financial system in which he declared that that every country is in a currency war frenzy, and that all institutions in the Western banking system are defaulting right now. What I am now going to state is going to shock you, the reason that every one in the west in involved in currenc ...

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Fed continuing to bail out foreign banks as over half their reserves go offshore

As the American people continue to wonder why the economy has failed to recover since 2008, and why fewer and fewer full time jobs are being created, all one has to do is look at where the tens of trillions of dollar in newly created money by the Federal Reserve is going. The majority of that money is going into foreign banks, and not into domestic ones with the intent of rebuilding the American economy. .. ...

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