Lana Clements for Express UK reports THE European Central Bank (ECB) has shocked markets by today taking no action to prop up the eurozone, despite warning signs the economy is struggling to cope with Britain's vote to leave the European Union (EU)
Editor's Comment: This is only the beginning… the entire operations are saturated in fraud, throughout the major institutions because the combination of greed, pretend-only regulation and an atmosphere free of inhibition and restraint has allowed
The debacle involving Deutsche Bank's failure to deliver physical gold from the Xetra-Gold exchange traded commodity (ETC) continued on Friday after a press release from Deutsche Bank. Zero Hedge covered the "non-response" from the beleaguered
Economists debate limits of monetary easing, especially negative interest rates that prompt savers and even banks in Germany to stockpile cash in safes and bank vault. Bank of Japan chief Haruhiko Kuroda sees things differently.
In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity...
This strange and unprecedented monetary experiment, as Lord Rothschild recently called it, will have major consequences; it will change the lives of most Americans forever, but we are all just to quietly see it tip-toe in under distraction-cover of a
It is no secret that earnings have gone nowhere over the past two years (and are set to decline for 6 consecutive quarters), while on a GAAP basis earnings as of 2015 were the lowest since 2010…
It is no secret that one of the most admirable qualities of the German public- in addition to its striking propensity for thrift in the aftermath of Weimar - is its stoic patience and pragmatism when dealing with adversity. However, over the pas
It is no secret that earnings have gone nowhere over the past two years (and are set to decline for 6 consecutive quarters), while on a GAAP basis earnings as of 2015 were the lowest since 2010...
Yesterday I told you how a consortium of 15 Japanese banks had just signed up to implement new financial technology to clear and settle international financial transactions.
Are anti-Fed articles appearing in mainstream publications part of an extended program of tearing down the Fed in order to remake it as part of a global central bank?
Some believe that the global economic climate is getting worse by the day, with the collapse of Cyprus, Greece (Grexit), Argentina, Venezuela, Zimbabwe in our rearview mirror. The potential implosion of Italy, Spain, and others looking to vacate the
You would think that the centralized banking powers, with the practical legal rights to literally print money for themselves, would have the wherewithal to be at the cutting edge of all forms of technology. Yet, wire transfers still take days to comp
Last weekend, when we reported that Germany's Raiffeisenbank Gmund am Tegernsee - a community bank in southern Germany - said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that "now that a German ban
This U.S. Bank Is About to Relive the 2008 Derivatives Nightmare … Deutsche Bank AG (NYSE: DB) - with its stock now trading at a 30-year low - was recently called the world's riskiest financial institution by the International Monetary Fund
• davidstockmanscontracorner.com by David Stockman
NOTE TO READERS
I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance ....