Search Results for: refugee crisis

A new run on the banks? Spaniards pulling cash out at record rates

bull bank run spain

Spanish consumers are pulling their cash out of banks at record levels, according to figures released on Tuesday. Private sector deposits fell by nearly 5 percent in July to €1.509, the Telegraph reported, citing European Central Bank data, as public confidence in the banking system reached all-time lows amid a worsening economic …

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Top Obama watchdog: America’s ‘pretty f**ked’

If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn fucked. Barofsky served the watchdog role for the Troubled Asset …

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Outline on collapse end game

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions …

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Warnings that a massive stock market crash is imminent

In the financial world, the month of October is synonymous with stock market crashes.  So will a massive stock market crash happen this year?  You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug …

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Russia: US knows ISIS positions but refuses to bomb them

Russian Foreign Minister Sergei Lavrov ISIS Syria

Russian Foreign Minister Sergei Lavrov said on Sunday the goal of the United States in Syria is different than what is publicly stated. He also said the coalition led by the U.S. knows the positions of ISIS in the country and is not targeting them. Lavrov told Channel One, the largest television …

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Merkel loses to anti-immigrant AfD party in her home state

Angela Merkel AdF poll

German Chancellor Angela Merkel suffered a major blow Sunday when nationalist party Alternative fur Deutschland (AfD) beat her Christian Democratic Union (CDU) in the state of Mecklenburg-West Pomerania. The election has been pumped up to be a test for Merkel’s open-door refugee policy and her chances of securing a fourth …

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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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JP Morgan accumulating world’s largest physical silver hoard

Jamie Dimon JP Morgan

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great …

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15 reasons Gold & Silver are now heading higher

Gold, silver, platinum and palladium have all recently moved up in price, with platinum, silver and gold leading the complex. Below are 15 reasons why. Gold is teasing the $1700 psychological resistance marker, whilst silver has broken out above $30, and will now begin targeting the many resistance points in …

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FEMA to mobilize for “mass fatality planning”

Bill mandates federal agency to respond to “funeral homes, cemeteries, and mortuaries” being “overwhelmed”. The United States Congress has passed a bill which mandates the Federal Emergency Management Agency (FEMA) to prepare for “mass fatality planning” and funeral homes, cemeteries and mortuaries being “overwhelmed” in the aftermath of a mass …

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Put big bank CEOs in jail – Senator Elizabeth Warren

Senator Elizabeth Warren

Sen. Elizabeth Warren (D-Mass.) This past weekend, the Department of Justice slapped a record fine on JPMorgan Chase for packaging and selling the mortgage-backed financial products that helped cause the financial meltdown. But Sen. Elizabeth Warren (D-Mass.) wants the administration to know that fines are not enough. On Wednesday, she called on …

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IMF warns global economy is slowing

Christine Lagarde IMF

IMF chief Christine Lagarde has warned that the global economy could be sinking into a prolonged period of “mediocre” growth which could endanger efforts to bring down unemployment worldwide. Lagarde said on Thursday that the world’s economy has weakened in the past six months, despite the efforts of leading central …

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Wall Street banks are still ‘too big to fail’

Bank of America

The biggest banks still don’t have adequate bankruptcy plans to avoid precipitating another economic crisis, said U.S. regulators. Eleven of the nation’s largest banks still do not have viable bankruptcy plans that would avoid causing widespread economic damage, U.S. regulators said Tuesday in a sweeping admonition of Wall Street’s giants. The Federal …

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How to Survive Another Recession

Survive recession ahead

No one wants to think about another recession happening. But economic downturns are inevitable. Just recently, Britain and Europe went through the Brexit crisis. Britain’s decision to leave the European Union by a referendum sent financial markets into panic mode. The pound plunged, and has yet to fully recover. As …

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Ron Paul’s monumental last day as chairman against The Fed

BERNANKE SLAMS AUDIT THE FED Reports Reuters: Federal Reserve Chairman Ben Bernanke on Wednesday rebutted Republican lawmakers pushing a bill that would give Congress the ability to review monetary policy decisions, saying it could compromise central bank independence. Bernanke said it would be a “nightmare scenario” if politicians decided to second-guess …

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Credit Suisse report: Richest 1% own half of global wealth

Wealthy Yacht

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession. According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value …

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Over a million protesters demand Catalonian independence from Spain

A million and a half people took to the streets of Barcelona, according to police estimates, to demand independence for the autonomous Spanish region of Catalonia as the country as a whole faces crippling debt. At least one train and more than 1,000 coaches were chartered to bring supporters from …

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