ECONOMY MONEY AND BANKING

Run on Banks Begins — Deutsche Bank Clients Begin Withdrawing Excess Cash

As the Free Thought Project reported Thursday, the most prominent bank in Germany is at risk of failure, with potentially profound effects for the EU, the United States and likely the rest of the world. This risk of failure has now gotten so threatening that a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn excess cash and positions held at the lender, according to Bloomberg.

While the vast majority of the bank’s more than 200 derivatives-clearing clients have made no changes, the hedge funds run on cash highlights serious concern. The paranoia of an imminent collapse spread to the US on Thursday as 10 hedge funds that are Deutsche Bank clients have decided to withdraw cash and listed derivatives positions from the bank, according to a Bloomberg News report.
READ MORE: http://www.activistpost.com/2016/10/run-banks-begins-deutsche-bank-clien...

Why Governments and Banks Want to Eliminate Your Cash

In a new book called “The Curse of Cash”, Harvard economist Kenneth Rogoff advocates removing from circulation all cash with a denomination of greater than $10. In countries such as Sweden, Canada and Italy, the government is already beginning to discourage the use of cash. Almost everywhere in the world, a decreasing share of transactions are being done with cash. Are we moving towards a cashless society?

Surprisingly, despite the increasing use of credit cards, cash holdings are about 8% of GDP, which is actually a larger share of the US economy than a decade ago, indeed even larger than 90 years ago.
READ MORE: http://www.blacklistednews.com/Why_Governments_and_Banks_Want_to_Elimina...

Rothschild Doubles Down on Gold as Banking Collapse Begins, Germans Told to Stockpile Food/Water

The most prominent bank in Germany is at risk of imminent collapse, with potentially profound effects for the EU, the United States and the rest of the world. The prospect of a cataclysmic global banking collapse of this nature has not been seen since the implosion of Lehman Brothers in 2008, and subsequent fallout in the global banking world.

But these events haven’t taken place in a vacuum, as earlier this year savvy international investor Lord Jacob Rothschild, during a semi-annual address to RIT Capital Partners, announced that they are reducing stock market and currency exposure and increasing their gold holdings, warning that the world is now in “uncharted waters” and the consequences are “impossible” to predict.
READ MORE: http://thefreethoughtproject.com/rothschild-doubles-gold-banking-collaps...

History: Gaddafi, USA, Hillary Clinton and the Gold That was Going to Back an African Currency

On April 2, 2011 sources with access to advisors to Saif al-Islam Qaddafi stated in strictest confidence that while the freezing of Libya's foreign bank accounts presents Muammar Qaddafi with serious challenges, his ability to equip and maintain his armed forces and intelligence services remains intact. According to sensitive information available to this these individuals, Qaddafi's government holds 143 tons of gold, and a similar amount in silver. During late March, 2011 these stocks were moved to SABHA (south west in the direction of the Libyan border with Niger and Chad); taken from the vaults of the Libyan Central Bank in Tripoli. This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide , the Francophone African Countries with an alternative to the French franc (CFA).
READ MORE: https://wikileaks.org/clinton-emails/emailid/12659

There is No Such Thing as Trickle-Down Economics

Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to describe ourselves. The most common of these is “neo-liberal” or “neo-liberalism,” which appears to mean whatever the critics wish it to mean to describe ideas they don’t like.

Another related term is “trickle-down economics.” People who argue for tax cuts, less government spending, and more freedom for people to produce and trade what they think is valuable are often accused of supporting something called “trickle-down economics.” It’s hard to pin down exactly what that term means, but it seems to be something like the following: “those free market folks believe that if you give tax cuts or subsidies to rich people, the wealth they acquire will (somehow) ‘trickle down’ to the poor.”
READ MORE: https://fee.org/articles/there-is-no-such-thing-as-trickle-down-economics/

Top Bank Fraud Expert: ALL of the Big Banks’ Profits Come from FRAUD

The country’s top white collar crime expert, William Black – who put over 1,000 top S&L executives in jail for fraud, and is a professor of law and economics at the University of Missouri – confirmed recently what the alternative media has been saying for years: the business plan of Wall Street is fraud. That’s their key profit center.

Black also says that a British parliamentary investigation Tories found that all of the retail profits of the largest banks in the UK came from fraud.
READ MORE: http://www.thedailysheeple.com/top-bank-fraud-expert-all-of-the-big-bank...

Panama Papers: Denmark to pay $1.3M-plus for leaked data to probe tax evasion

Tax officials in Denmark are reportedly paying an unknown source around £1 million (~$1.3M) for secret financial information on hundreds of Danish nationals.

Their names appear in the Panama Papers, leaked earlier this year, which consist of 11.5 million files from the database of Mossack Fonseca—the world's fourth biggest offshore law firm.

This is the first time, according to Danish newspaper Politiken, that Denmark has agreed to buy information on possible tax evaders in this way. Denmark also seems to be the first country to admit that it's acquiring data from a source with access to the leaked Mossack Fonseca documents.
READ MORE: http://arstechnica.com/tech-policy/2016/09/panama-papers-denmark-payout-...

Australians with links to Panama Papers could be charged following raids this week

Australian tax advisers and their wealthy clients with links to the Panama Papers could be hit with criminal charges following raids this week, Tax Commissioner Chris Jordan says.

All up 1000 taxpayers - many of which are high-wealth individuals and their lawyers and accountants - are under investigation by the Australian Taxation Office.
READ MORE: http://www.smh.com.au/business/the-economy/australians-with-links-to-pan...

The Secret Global Court – Why Corporate Criminals and Corrupt Politicians Desperately Want the TPP

Obama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal.

The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The investor-state dispute settlement system (ISDS) is perhaps the most nefarious and objectionable aspect of the deal...
READ MORE: http://libertyblitzkrieg.com/2016/09/01/the-secret-global-court-why-corp...

Right Now is a Bad Time to Buy Gold

Jacob Rothschild says he's buying gold because the central banks are out of control.

Likely this will result in a gold buying rush causing the value of gold to skyrocket. Then cunts like him will dump it for huge profit.
BLAH BLAH BLAH: https://www.dollarvigilante.com/blog/2016/08/21/trillionaire-rothschild-...

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