The Coming Economic Collapse, Currency Induced Cost Push Inflation/Hyperinflation, Weimar Germany, Euro Collapse,
Zimbabwe Hyperinflation, Survival in Economic Collapse, World Economic Collapse, Dollar Collapse,
What Would Happen If the Economy Collapsed,The Coming Economic Depression.
Gold and Silver Will Protect Your Wealth.
by Tim Brown, Freedom OutPost:
Is anyone surprised by this corruption? When FBI Director James Comey
said that the organization would not be seeking to bring charges against
Hillary Clinton over her illegal email server, anyone paying attention
knew there was a deep level of corruption. Now, it’s been made clear.
James Comey received millions of dollars from the corrupt Clinton
Foundation, and his brother’s law firm also does the Clinton’s taxes.
According to a letter sent by 200 Republicans who stated Clinton
“clearly placed our nation’s secrets in peril,” Comey was asked why he
would not bring charges against her. “No one is above the law, and the
American people deserve a more robust explanation for your decision to
not recommend criminal charges.” Read More
by Michael Leahy, Breitbart:
Donald Trump addressed a packed house at a rally in Bedford, New
Hampshire Thursday afternoon where he blasted Hillary Clinton, whom he
said is “there for only one reason: to protect her donors and take their
money.”
“Hillary Clinton is an insider fighting only for herself and her
donors. I’m an outsider fighting for you,” Trump said, contrasting
himself with his rival for the presidency.
“Follow the money,” he continued, hitting on a theme that has been central to his criticism of Clinton. Read More
by Jim Hoft, The Gateway Pundit: Here we go…
It’s like the Michelle Fields Hoax 2.0
A female reporter accused Donald Trump of abuse in the “spin room” after the presidential debate at Hofstra University. Read More
Trigger Warning: The following article includes an abundance of insults and harsh words directed at individuals of both of the male and female sex as well as politically incorrect statements including digs at cross-dressers and people worried about the weather. If you feel “triggered” by any of the statements, please see a psychiatrist.
"Some are new to politics completely. They’re children of the
Great Recession. And they are living in their parents’ basement. If
you’re feeling like you’re consigned to, you know, being a barista...
then the idea that maybe, just maybe, you could be part of a political
revolution is pretty appealing."
"Central banks buying in the [stock] market... you really think that's a good idea?"
Raging about central banks' picking winners, buying Deutsche Bank, and
keeping stocks "steady" around elections, Santelli exploded, "is that the world we really want to live in?" The Fed's buying stocks "will completely and utterly and in every possible way destroy and value in the marketplace..."
by Mac Slavo, SHTF Plan: A fascinating and mysterious flying object was caught on cameras by a police helicopter in South Wales in the UK.
And the most bizarre part was that it was invisible to the eye – only a thermal imaging cameras was able to see it.
This truly unidentified flying object – which looks curiously like
the classical flying saucers of legend – was videotaped for about 7
minutes, and has left left police in South Wales baffled.
It didn’t register on air traffic radar screens, and it wasn’t visible to the public. Read More
Today the Presidential Debate Commission issued a brief,
one-sentence statement admitting "issues" with Donald Trump's audio in
during the first presidential debate held on Monday: "Regarding the
first debate, there were issues regarding Donald Trump's audio that
affected the sound level in the debate hall," the statement read.
Just five months ago, experts warned that "the
springs on the San Andreas system have been wound very, very tight.
And the southern San Andreas fault, in particular, looks like it’s
locked, loaded and ready to go." And now, as The LA Times reports, a rapid succession of more than 200 small earthquakes began rupturing near Bombay Beach, at the southern tip of the San Andreas fault, continuing for more than 24 hours.
Just when you thought you could relax into the weekend knowing
that the US (and world) banking system was 'fixed' again thanks to a
rumor from French press, Wells Fargo take another hit. Following California's decision to sever all banking ties with the bank, Illinois
State Treasurer Michael Frerichs has confirmed his state's plans to
suspend billions of dollars of investment activity with Wells Fargo.
by Christina Sarich, Underground Reporter:
Nobel Laureates who have been pushing the genetically modified
organism agenda deep into scientific circles are being lambasted by a
group called the Union of Latin American Scientists Committed to Society
and Nature (UCCSN-AL).
A whopping third of Nobel laureates recently slammed Greenpeace for
its anti-GM campaign, claiming that the issues which Greenpeace has
highlighted “misrepresent the risks, benefits, and impacts” of
genetically altered plants.
The UCCSN-AL thinks we should be aware of the true aims of companies
like Bayer, Monsanto, Syngenta, and Dow Agrochemical, and others, even
with glowing reviews from signatories who make GM-promoting claims
without data to back them up. Read More
by Jim Rickards, DailyReckoning: 1) Is tomorrow THE day that the dollar “dies” and is replaced?
Tomorrow, Sept. 30, is when the International Monetary Fund (IMF)
officially adds the Chinese yuan to its basket of currencies comprising
its special drawing right (SDR). It has enormous long-term implications
for the dollar.
Does that mean the dollar becomes worthless overnight? Of course not.
Tomorrow’s event may not even make major headlines. You won’t hear
about it in the news. And it won’t cause the dollar to crash
immediately. This is a development with long-term implications, but in
itself, it will not make waves. But that’s the point — the dollar will
die — but with a whimper, not a bang. Read More
by Daisy Luther, Activist Post:
You may remember a while back there was a spate of news articles about
high-level bankers and bank employees committing suicide. Conspiracy
theories were coming left and right, and then as suddenly as the reports
started they stopped – just like that. Here is a list of more than 50 of these bankers, in date order, with a brief overview on each of them.
You probably also remember that last year, a dozen holistic doctors either died or went missing over a course of only 90 days. How oddly coincidental.
But the deaths of these bankers and doctors are just the tip of the iceberg. Read More
by Jim Rickards, DailyReckoning: 1) Is tomorrow THE day that the dollar “dies” and is replaced?
Tomorrow, Sept. 30, is when the International Monetary Fund (IMF)
officially adds the Chinese yuan to its basket of currencies comprising
its special drawing right (SDR). It has enormous long-term implications
for the dollar.
Does that mean the dollar becomes worthless overnight? Of course not.
Tomorrow’s event may not even make major headlines. You won’t hear
about it in the news. And it won’t cause the dollar to crash
immediately. This is a development with long-term implications, but in
itself, it will not make waves. But that’s the point — the dollar will
die — but with a whimper, not a bang. Read More
Bill Holter’s Commentary www.jsmineset.com This toon is very appropriate and very timely …but please don’t “laugh” at it! I did not intend to write today but 3 events warrant a heads up. 1. Deutsche Bank may be having their “Lehman moment” as 10 hedge funds have withdrawn funds and are cutting exposure with DB. This is how a “bank run” starts folks! Quite
convenient that this Monday I believe is a banking holiday in Germany.
If this is truly a Lehman moment, we will have a far larger event in a
very compressed timeframe than we had in 2008. 2. The veto of the Saudi 911 bill was overridden in the House and Senate. The ramifications of this are beyond human
comprehension to understand how widespread the fallout can be. Think
“Rollover” by multiples with the added negative the U.S. is no longer
the sole military superpower in the world. I wrote about this last week,
the important thing to understand is the assets that get sold in
dollars…will not remain in dollars very long! 3. It looks like John Kerry is threatening to cut off diplomatic ties with Russia. This is horrific on so many levels, particularly
to the survival of the human race. Please understand the “timing” of
this particular item. All three of these events are happening at one
time, if you believe it’s a “bad coincidence” you are wrong in my
opinion. The takedown of the Western standard of living is happening in
real time, right now. Ignore this at your own risk! Standing watch, Bill Holter Holter-Sinclair collaboration.
[pictured: DB’s Derivatives exposure] by Andy Hoffman, Miles Franklin:
I don’t normally write Friday morning, in lieu of waiting for the
week’s trading to close. However, as my entire family is flying in to
celebrate Diana’s 50th birthday – from New York, New Jersey, Maryland,
Florida, and California – I’m going to make an exception. Quite exciting
– and terrifying; as I have no idea if today will indeed be the
bloodbath it has all the potential in the world to be, or if the powers
that be will be able to muster enough money printing, market
manipulation, and propaganda to stave off panic through the weekend.
A weekend, I might add, that not only includes the expiration of the
U.S. fiscal year at midnight tonight – with not even a whiff of a 2017
budget proposal in the air, making a government shutdown tomorrow
morning highly possible; but a three-day weekend in Europe, given the…I
kid you not…”banking holiday” scheduled for Monday. Read More
Seemingly confirming the rumor,Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department. This has catalyzed another leg higher in Deutsche Bank stock and lifted the whole market.
Is America still a serious nation? Consider.
While U.S. elites were denouncing Donald Trump as unfit to serve for
having compared Miss Universe 1996 to “Miss Piggy” of “The Muppets,”
the World Trade Organization was validating the principal plank of his
platform. America’s allies are cheating and robbing her blind on trade.
"I almost feel stupid being bearish given it has been such an
incredibly popular and incredibly losing strategy for so long and there
have been so many false starts over the past few years."
"We do not particularly like the profile of a credit where
performance is skewed to an outcome that is so inherently unpredictable –
in this case, guessing what a regulatory fine will be.... DB is
likely to be a weak bank for several years from now, though, even with a
capital increase."
According to satellite images by geospatial analytics startup
Orbital Insight, China, has not only misrepresented how much oil it has
stored, it has done so at a massive scale, with the real number dwarfing
even JPM own estimate: the real amount of Chinese oil in
storage, according to Orbital, was a whopping 600 million barrels as of
May, a number which may have risen to well over 700 million barrels as
of September.
... the government's "irresponsible" plan to relocate migrants in Calais to other parts of France... would "proliferate
a multitude of small Calais, genuine areas of lawlessness that
exacerbate lasting tensions throughout the country."
Q3 ends with a 29% rise in US oil rigs - this is the biggest rise since Q4 2009. Oil rigs have risen 14 weeks in a row (up 7 this week to 425, the highest since Feb 2016).
“As the saying goes, perception is reality,” Garrett told Yellen. “Whether you like it or not, the public increasingly believes that the Fed’s independence is nothing more than a myth.”
“Everybody was aware of who the potential beneficiaries were but nobody
had really focused on the potential downside in terms of our
international relationships, and I think it was just a ball dropped” -
Mitch McConnell
The way Lester Holt “corrected” Donald Trump at Monday’s debate (as he was clearly instructed to do) regarding the Iraq War, you’d think the answer to whether he supported it or not was clear-cut. The truth is, it may not be that simple.Meanwhile,
we know for sure which candidate absolutely loves war and leaves a
trail of death and destruction in her wake: Hillary Clinton.
As the world wakes up to the fact that Deutsche Bank is not Lehman - it's massively bigger, and massively more systemic, oh and it has depositors - contagion is spreading through global funding and asset markets.
by Alasdair Macleod, GoldMoney: It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War.
In early September, when President Obama landed at Hangzhoi for the
G-20 summit in early September, the CIA security men were told in no
uncertain terms by the Chinese that they were not in charge of landing
arrangements, and that the President would disembark by the rear exit.
It had the hallmarks of a calculated snub, as did the obligatory
photograph of the world’s leaders, where the President was placed firmly
on the far left, and not near the centre, which is customary. Read More
from Rogue Money:
Dear Rogue Money Readers: we are posting this Open Thread to encourage
Reader Comments in the spirit of “if you hear something, say something”
as the Maelstrom of Autumn 2016 begins to unfold. The specific data
points that I am watching as Q3 winds down tomorrow are listed below.
But, as W. has reminded us, “Expect the Unexpected,” and absolutely
ANYTHING can happen now between today and next Monday… and beyond as we
steer through the treacherous waters of October.
Shout-out to V. and to Ken Schortgen Jr. for sounding the preliminary alarm bells. You’ll want to start with these Youtubes: Read More
from The Daily Bell:
ECB and Italy’s bank rescue fund head clash over bailout rules … The
European Central Bank and the head of Italy’s bank rescue fund clashed
on Monday over the European Union’s tough conditions on state aid for
troubled banks. Speaking at the same conference in London, one of the
ECB’s most senior supervisors said EU states should follow the bloc’s
rules when it comes to dealing with problem banks while the head of
Italy’s Atlante fund called the resolution process “absurd.” – Reuters
More bad financial news. Italy, Germany and China continue to decay economically as they move toward financial catastrophe. Read More
from TRU News: Jabhat
al-Nusra unit commander Abu Al Ezz told Koelner Stadt-Anzeiger
newspaper journalist Jurgen Todenhofer that the US, Israel, and Saudi
Arabia support and arm terrorist groups in Syria.
“Yes, the US supports the opposition [in Syria], but not directly.
They support the countries that support us. But we are not yet satisfied
with this support.”
Jabhat al-Nusra unit commander Abu Al Ezz: Militants should be
receiving more “sophisticated weapons” from their backers to succeed
against the Syrian government. Read More
by Jonathan Landsman, Natural News:
By the end of 2016, the American Cancer Society estimates that cancer
will have claimed over 595,000 lives: that’s 1,630 people per day, in
this year alone – making cancer second only to heart disease as the
leading cause of death in the United States. In addition, over 1.6
million new cases of the disease are expected to be diagnosed. (Our
medical approach MUST change)
Suppressed natural therapies for cancer revealed. On the next
NaturalNews Talk Hour, Jonathan Landsman and Linda Isaacs, MD – board
certified in internal medicine will talk about a 3-prong approach to
healing cancer without the need for toxic drugs. If you or someone you
know is suffering from cancer, you won’t want to miss this lifesaving
information. Read More
by Dave Kranzler, Investment Research Dynamics:
DB stock is now in a full panic sell-off as I write this. It just hit
another new all-time NYSE low on by the heaviest volume ever in the
stock since its 2001 NYSE listing. It’s currently down almost 10%. No
doubt the Central Banks will try to bounce it.
Deutsche Bank may well be the scapegoat this time around just like
Lehman was the scapegoat in 2008. Central Banks in collusion can prevent
just one bank from collapsing. It was the co-collapsing of AIG and
Goldman Sachs that prompted then-Secretary of Treasury, ex-Goldman CEO
Henry Paulson, to put in motion the bailout of the U.S. and European
banking system.
Yesterday it was reported that the rate the Fed charges the banks to
borrow collateral surged to its highest rate in 7 years – LINK. The rush
to borrow collateral was no doubt prompted by OTC derivatives-related
counter-party collateral calls. A collateral call is like a margin call
in a stock account. This occurs when a derivatives trade goes south for
an entity that is on the long side of the derivatives bet – a bet that
Deutsche Bank won’t default, for instance – and the counterparty to that
trade demands more collateral to be posted in order to insure that the
bet can be paid off if the “long side” loses. Read More
by Egon Von Greyerz, Gold Switzerland:
The world economy is now at its most dangerous point in history. In
virtually every major country or region, there are problems of a
magnitude which individually could trigger a collapse of the financial
system. Because of the interconnectivity of the system, when the first
domino starts falling, there is zero possibility to stop all the other
unstable dominoes from crashing one after the other in quick succession.
The world is now staring down a deflationary black hole that is on
the verge of sucking into it all global debt of $250 trillion plus
unfunded liabilities and derivatives of another $2 quadrillion or so.
That would be the end of the financial system as we know it. Governments
and central bankers around the world are of course totally aware of
this and are standing with their fingers ready to push the button for
the biggest money printing bonanza that the world has ever experienced. Read More
One day after Germany's second largest lender confirmed reports
of a massive restructuring when it announced it would lay off nearly
10,000 employees, or about 20% of its entire workforce while slashing
the bank's dividend for the rest of the year, the Dutch newspaper Het
Financieele Dagblad reported that ING Groep, the largest Netherlands
lender, will announce thousands of job cuts at its investor day on Monday.
As the world wakes up to the fact that Deutsche Bank is not Lehman - it's massively bigger, and massively more systemic, oh and it has depositors - contagion is spreading through global funding and asset markets.
by Wolf Richter, Wolf Street: Counterparties lose confidence, withdraw cash.
Deutsche Bank, with $2 trillion in assets, amounting to 58% of Germany’s
GDP, one of the most globally interwoven banks, with gross notional
derivatives exposure of €46 trillion, right at the top along with JP
Morgan (booked as €41 billion in derivative trading assets after netting
and collateral) – this creature of risk and malfeasance, is finally
starting to scare its counterparties.
This is how Lehman came unglued. Slowly and then all of a sudden. Read More
Seemingly confirming the rumor,Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department.
This has catalyzed another leg higher in Deutsche Bank stock and lifted
the whole market as it would appear that unconfirmed sources have
'fixed' the world's most systemically dangerous bank (despite the fact
that short-dated counterparty risk is soaring).
The catalyst for the DB spike is again a rumor. There has been
trader unsubstantiated speculation - launched on Twitter - that the
bank may reach a lower RMBS settlement with the U.S. DoJ than feared.
As Bloomberg seriously notes: "unverified handles on Twitter
speculate the DoJ fine may be $5.4b, vs reports earlier this month the
DoJ had sought $14b. Unverified handles including @fiatcurrency,
@Fxmacro Tweet or retweet the speculation."
Following today's Deutsche Bank fireworks, Goldman reports that "crisis” questions are being asked: “is there risk of a financial crisis re-run” and “can a large European bank face a liquidity event”?
To answer these questions we look at the total liquidity accessible to
Deutsche Bank, and what are the options facing the bank next.
"Economic growth in the US appears to have picked up a little at the end of the third quarter," reports MNI as September's Chicago Fed ticked up to 54.2 (better than the 52.0 expectations). Most subindices rose but notably employment fell. While excuses grow around the nation for disappointing data, 79% of Chicago panellists said the run-up to November Presidential Elections is having a negligible impact on business.
As the mainstream media attempts to mollify the ignorant masses
with rumors of reduced DoJ fines for DB (as if that the problem now), professionals are buying counterparty risk protection at the fastest pace in history.
"We take this rather uncommonly large number of “reversals”
very seriously, and given that this is the quarter’s end we’d not be at
all surprised to see this selling cascade today and become very
serious indeed."
With USDollar liquidity demand soaring in Europe, and
Lehman-esque systemic risk concerns re-emerging from the shadows, it
appears the safe haven bid for protection from the folly of politicians
and central planners is alive and well...
After pesonal spending growth slowed modestly one month ago,
rising 3.8% Y/Y, in August US consumption once again disappointed,
staying flat in the month, below the 0.1% expected sequential rebound,
although this was offset by an upward revision to the last month's data
from 0.3% to 0.4%. On an inflation adjusted basis, as feeds into the
GDP beancount, Real PCE dipped -0.1% in August, well below July's 0.3%
bounce, missing the expectation of a 0.1% rise while the Core PCE Index
was inline with the 1.7% expected on a Y/Y basis.
"Our bank has become subject to speculation. Ongoing rumours are causing significant swings in our stock price. ... Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust."
"There are three million drug addicts (in the Philippines). I'd be happy to slaughter them. "If Germany had Hitler, the Philippines would have...," he said, pausing and pointing to himself.
Global stocks continued their selloff this morning, driven by
surging speculation about the liquidity, solvency and viability of
Deutsche Bank, which plunged 9% after opening in German trading today,
dropping to a new all time single-digit low of €9.90, while its default
risk soared to new all time highs.
With The SNB and BOJ already neck deep in their equity-buying
experimentation, and even Janet Yellen hinting at it for The Fed, the
most pressing question on most liquidity-hunting central-planer-watchers
is - when will Draghi start buying stocks? The short answer, from ABN AMRO, is ECB equity purchases are unlikely in the near term.. and even so, The
ECB would be increasing the risk on its balance sheet for uncertain,
and at best modest gains in economic growth and inflation.
It’s coming closer to election time, and it’s hard to shake the feeling that something crazy or unprecedented could happen in the coming months... and for the first time in almost 20 years, the third-party candidates are getting attention across the board.
The silence of politicians and human rights organizations, when
non-Muslim women are violently assaulted because they wear shorts that
are not compatible with sharia -- as opposed to their thundering indignation against police for issuing a fine to a Muslim woman in a burkini -- signals an immensely important political and institutional move...
by Jeff Berwick, The Dollar Vigilante: Nearly a year ago to the day, on September 28th, we wrote “Will Deutsche Bank Be This Cycle’s Lehman Brothers?”
In it we asked, “In 2008, the financial crisis was set-off by the
collapse of Lehman Brothers. Could this year’s crisis be caused by a
collapse of Deutsche Bank?”
The day after the end day of the Shemitah in 2015, on September 14th,
Deutsche Bank announced that it was laying off 23,000 employees, about
25% of its workforce.
At the time, it was trading around $26 per share.
Now, on the eve of the end of the Jubilee Year, Deutsche Bank was
down another 7% on Thursday and is now at an all-time low near $11.50. Read More
from Hang The Bankers:
In extraordinary comments that have gone virtually unnoticed by the
media, U.S. State Department spokesman John Kirby threatened Moscow with
terror attacks in Russian cities and even shoot downs of Russian jets
if Vladimir Putin continued his fight against ISIS in Syria.
“Extremist groups will continue to exploit the vacuums that are there
in Syria to expand their operations, which could include attacks
against Russian interests, perhaps even Russian cities. Russia will
continue to send troops home in body bags, and will continue to lose
resources, perhaps even aircraft,” Kirby told reporters at Wednesday’s
press briefing, adding that if the war in Syria continues “more Russian
lives will be lost, more Russian aircraft will be shot down.” Read More
by Dave Hodges, The Common Sense Show:
I recently had a police officer write to me about what they are
discovering are the feelings of everyday black people toward whites as
well as the police. I removed all the personally identifying information
because the police can be so vindictive toward their own. Contrary to the MSM, Most Blacks Do Not Hate White People
Black lives do matter, but so do all other lives. The organization,
Black Lives Matter, founded and funded by former Nazi, George Soros, is a
despicable group. Myself and many others have concluded that Black
Lives Matter is a fraud as well as a terrorist organization. There only
purpose is to stir feelings of racial division that otherwise would not
exist to a large degree. And they certainly they do not represent the
views of the majority of black people. Read More
by Pam Martens and Russ Martens, Wall St On Parade:
Last Thursday, September 22, 2016, the body of Ann Korkki, a Senior
Administrative Assistant in the Wealth Management division of JPMorgan
Chase in Denver, Colorado was found with the body of her sister, Robin
Korkki, inside their luxury vacation villa at the Maia Resort on
Seychelles, an island in the Indian Ocean off the East African coast.
Ann Korkki was 37; her sister Robin was 42.
According to the local Seychelles newspaper, there was no sign of
violence on the bodies of the women who were on a one week vacation at
the resort. The mother and brother of the sisters are currently in
Seychelles “pressing U.S. and local officials for details” and making
arrangements to bring the sisters back to the U.S. according to a news report in the Minneapolis Star Tribune, which covered the story because the sisters had attended high school in the area. Read More
by Paul Craig Roberts, Paul Craig Roberts:
William Engdahl recently explained how Washington used the corrupt
Brazilian elite, which answers to Washington, to remove the duly elected
President of Brazil, Dilma Rousseff, for representing the Brazilian
people rather than the interests of Washington. Unable to see through
the propaganda of unproven charges, Brazilians acquiesced in the removal
of their protector, thereby providing the world another example of the
impotence of democracy. http://www.informationclearinghouse.info/article45561.htm
Everyone should read Engdahl’s article. He reports that part of the
attack on Rousseff stemmed from Brazil’s economic problems deliberately
created by US credit rating agencies as part of Washington’s attack to
down grade Brazilian debt, which set off an attack on the Brazilian
currency. Read More
by John Hayward, Breitbart:
On Thursday’s edition of Breitbart News Daily on SiriusXM, former U.N.
Ambassador John Bolton criticized Republicans for failing to effectively
oppose an Obama policy that has devastating long-term consequences: the
surrender of American control over Internet registration.
Breitbart Editor-in-Chief and SiriusXM host Alex Marlow asked Bolton
about the impending surrender of Internet control to a multinational
body, which Bolton saluted Senator Ted Cruz and some of his colleagues
for making an “heroic effort” to block by inserting legislation into the
continuing resolution for federal government funding. Read More