Blog/Banking Crisis

17 More Goldman Sachs’ People Indicted

Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into [...]

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The Great Unknown – The Bond Contagion

We are facing a very interesting financial crisis that has never before been witnessed because this is how the Socialist Utopian Society will crash and burn. We are [...]

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The Dawn of the Great Financial Unknown

QUESTION: Mr. Armstrong; I assume you read that Mr. Nagai  has confirmed what you have been saying that the central banks have destroyed the bond markets. I must [...]

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Basel III – IMF – Liquidity Crisis

QUESTION: As of today, Basel III comes in effect. Rumour goes that in a couple of months, there will be a lot of turmoil on the market and it would be the start of [...]

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European Tour – The Calm Before the Chaos?

I am writing from Frankfurt here for meetings ahead of the chaos awaiting the May elections. In Frankfurt, while the economy is clearly slowing, the financial [...]

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Deutsche bank to Merge with Commerzbank Bank

Deutsche Bank is in crisis and everyone has known that. Its derivative book is hard to quantify what is the real net bottom line. The only bank it could have been [...]

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US Bank Reserves 10% – EU Bank Reserves 1%

QUESTION: What mechanism prevents banks from creating fraudulent electronic deposits of currency? As an IT systems admin, I have the ability to add / subtract / [...]

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European Banks Lending in USA Rather than Europe?

European banks have been lending in the United States quiet aggressively because (1) the economy is doing good so there is a demand for loans contrary to Europe, [...]

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Deutsche Bank Formally Classified as a Problem Bank

  Deutsche Bank has now been classified as a problem bank by FDIC and has been included in a list of banks to be watched. This is the biggest bank in Europe. [...]

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What If We Just Wiped Out All Debt?

QUESTION: Hello Marty I am hoping you will print this in your blog. Everyone knows that Govt’s/Banks print money out of thin air and then “owe [...]

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