Search Results for: credit Suisse

95% of Greek ‘bailout’ money went to European Banks

Greek bailout European banks

I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything. What is happening to Greece follows the exact same …

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US national debt hits $18 trillion, 70% increase under Obama

Obama debt

The national debt increased $32 billion dollars in one day to surpass $18 trillion on November 30. That’s a 70% gain under President Obama, who inherited a $10.6 trillion debt when he took office. Keep in mind, Obama was elected in part on the promise of addressing the national debt. …

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Bank run fears in Bulgaria

Dozens of depositors have withdrawn savings from Bulgaria’s third biggest bank despite assurances from the government and the European Union that their money was safe after a similar run shut down another major lender last week. Bulgarian authorities have arrested four people suspected of trying to destabilise the banking system in a concerted …

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Facebook is censoring this HangTheBankers.com article

Facebook censored article Hang The Bankers

In the past week we have seen the social media networks do their best to censor liberty minded accounts and in some cases just plain and simple delete them. This has not gone unnoticed and if anything has backfired on the likes of Facebook and Youtube with people waking up …

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Iceland sticks it to international bankers and writes off massive mortgage debt

Iceland

Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions. The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won …

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This time had better be different: Australian Housing Prices and the Banks

In last week’s post I showed that there is a debt-financed, government-sponsored bubble in Australian house prices (click here and here for earlier installments on the same topic). This week I’ll consider what the bursting of this bubble could mean for the banks that have financed it. Figure 1 Betting the House For two decades after …

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On this day in 2016

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, …

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Making America great again the Trump way

Making America great again the Trump way

President Trump won the 2016 US presidential elections with the promise of making America great again. Read superficially, the slogan does not mean much; but analyzed based on the proposed policy changes by the Trump administration, one starts to figure out what President Trump means by making America great again. …

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How to Get Out of Loan Debts Smartly?

how-to-get-out-of-loan-debts

Today, it is almost impossible to find a single Canadian household which doesn’t have debt or credit on its head. While most are living with it and managing the debt well by continuously paying off the loans and credit card bills, there are a few who end up borrowing more …

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How has Brexit impacted on the automotive industry?

While the UK and the EU have finally agreed on a so-called divorce bill that could yet reach £57 billion, there remains a huge amount of uncertainty concerning the exact outcome of the Brexit process. This is having a detrimental effect on numerous industries, with the automotive sector offering a …

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Cryptocurrencies at online entertainment

Using cryptocurrencies at online gaming is something that a lot of people want. There seems to be a strong overlap between the people who like to use cryptocurrencies and the people who enjoy gaming of all kinds. It makes sense that this would be the case, even though people are …

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Sears Holdings Corp Announces More Store Closures

Sears Holdings Corp is cutting costs by any means. The corporation’s latest efforts to save a dollar, and itself, involves closing eight of its namesake department stores along with 35 Kmart locations throughout the nation. Sears executives believe that such a move will reduce the cost of square footage the company …

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Why Australia can’t avoid a recession

Steve Keen Australia recession

By Filip Karinja On the 28th July 2016, Professor of Economics at Kingston University, Steve Keen, gave a presentation on the outlook of the Australian economy at The Royal Society of Victoria located in Melbourne. The British-based economist and author of the popular Debunking Economics book considers himself to be …

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The UK Government’s Big Self-employment Tax U-Turn

UK government self employment tax

When the UK’s latest budget was announced, there were large volumes of complaints regarding their plan on increasing the National Insurance contributions for self-employed workers. However, the Chancellor, Philip Hammond has just announced one week after the budget, that they are going back on the decision to increase national insurance …

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Jim Rogers issues a warning to all investors

Jim Rogers central banks

From Filip Karinja, for Birch Gold Group Legendary investor Jim Rogers has issued a stern warning to people around the world that the central banks have no idea what they are doing. This week on CNNMoney, Rogers claimed, “We’re all going to pay a horrible price for the incompetence of these central bankers… we’ve …

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Spotting predatory car loans

As despicable as it seems, some people make their living taking advantage of financially vulnerable members of society. If you think your high credit score renders you invulnerable to the machinations of these individuals, think again. Spotting predatory car loans is just as critical for the well heeled as it …

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IMF boss Christine Lagarde under investigation in corruption case

International Monetary Fund Managing Director Christine Lagarde IMF

IMF chief Christine Lagarde has confirmed that she is being investigated for alleged “negligence” in a corruption probe when she was French Finance Minister in 2008, she told AFP. “The investigating commission of the Court of Justice of the French Republic has decided to place me under formal investigation,” Lagarde told …

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