
The Banking Crisis is Global – Not Confined to the USA
• https://www.armstrongeconomics.com/world-news/bankThe Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system.
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The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system.
Ah, the joys of the Big Circle Line (BKL, in Cyrillic):
Shares of European banks plunged on Monday, as yields on European bonds dropped on the implosion of Silicon Valley Bank could force central banks across the Western world to either slow the pace of interest rate hikes or even pivot if more regional b
When banks disappear… and your money with it. In 2020 they took your jobs, your businesses, your freedom of speech and freedom of movement. Now they're coming for your social security, your pension, your house.
In this article, we will look at the SVB Meltdown and see if this is just a nothing burger or a part of an underlying systemic issue created by the central banks.
A Tweet on the price of oil caught my eye. Here is my chart in response.
The Daily is today, and on most Mondays from now on, coming to you from the Land Down Under, where it is currently the future (in a time-zone sense) – and that is appropriate given some of the themes in this particular missive.
There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost.
Blackstone Inc (BX.N) has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, Bloomberg News reported, as rising interest rates hit European property values.
As the Russia/Ukraine conflict continues to intensify, the risk of deglobalization only grows.
The Iraqi central bank announced Wednesday that, for the first time, it plans to allow trade from China to be settled directly in yuan instead of the US dollar to improve access to foreign currency.
Writing about my country is getting harder every time I sit behind a keyboard. It's not a love-hate relationship. It's far from that. I LOVE this place.
In May, this index predicted a huge drop-off in goods entering the country by declining 30% in a matter of weeks. The implication is that shippers realized they had too much stuff and nowhere to put it as consumer demand had eroded faster than expect
QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system?
China's foreign ministry has cried foul over proposals in Florida and Texas to ban Chinese citizens in the United States from buying property - saying that it violates the principles of market economy and international trade rules.
We're only two months into 2023, and so much water has already passed under the bridge. All I can say is, what a year this is shaping up to be. Is it just me, or does anyone else feels the same?
Any military conflict provides the most lucrative opportunities for so-called black transplantologists.
Russia's economy is now forecast to grow faster than Germany's and Britain's in 2023. How is that possible?
"It's almost like a demon on your shoulder constantly reminding you how much you've spent"
Greg Reese recently published a video report about how banks are preparing to resort to "bail ins" where they would restrict depositors from accessing their own funds.
Herb Stein famously said that when something cannot go on forever, it will stop. Experience teaches that in economics when something unsustainable stops, it often does so with a bang rather than a whimper.
Relief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe, government support for consumers and producers is available if needed.
Is this the end of the US dollar for good?
Michael J. Bury, MD, the physician-turned-hedge fund manager who famously bet against the housing market before the 2008 crash, posted a one-word tweet on Tuesday: "Sell".
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar.
According to a video published by the World Economic Forum in 2016, by 2030 'You'll Own Nothing. And You'll Be Happy.' See '8 predictions for the world in 2030'.
Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how "$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas" or specifically, how Germany had applied some 100x leverage...
Aug 9, 2022 - Robert Kiyosaki and Raoul Pal warn about the great reset in the world economy. They go through several scenarios of how things might play out. (Publisher: Well,... how are his predictions ?)
This week, gold and silver further consolidated their gains since last September, with gold showing a continuing upward bias.
Welcome to New World Next Week – the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: