Bankster Crime

Exposing Fraud in the Banking System

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World’s Biggest Sovereign Wealth Fund Lost $21 Billion In First Half 2020

Readers may recall in April that Norway’s sovereign wealth fund, the world’s biggest, posted record losses for 1Q20 as the virus pandemic wreaked havoc on global markets. …

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After “Extraordinary Event” Crushes Traders, Credit Suisse Forced To Accelerate “Berserk” NatGas ETN

Following yesterday’s “berserk” price action in Credit Suisse’s 3x Inverse Natural Gas ETN, the Swiss banking giant has been forced…

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S&P Jumps Above Record High After $9 Trillion Global Liquidity Tsunami

$9 trillion in additional global liquidity (from $79 to almost $88 trillion since the March lows)… Are we Drowning in…

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Central Bank Balance Sheets To Hit $28 Trillion Next Year

As noted earlier, silver is crashing as much as 15% today, a plunge which if it had spread to stocks…

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Liquidation: Stocks, Bonds, Bullion, & Bitcoin All Puked

Well that really did escalate quickly… Today had the feeling of ‘liquidation’ (similar to March) as big-tech stocks (growth/value rotation), bitcoin,…

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Day-Traders Send US Producer Prices Soaring In July

US Producer prices were expected to rise MoM following four declines in the last five months and they did, rising…

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S&P Futures Hit All Time Highs On Stimulus, Vaccine Hopes; Gold, Silver Tumble

S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of…

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Nasdaq Tumbles Into Red, Erases Vaccine Spike As ‘Memo Meltdown’ Continues

All major US equity indices spiked in the early hours overnight on the back of optimistic vaccine headlines from Russia….

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The Economy Is Mortally Wounded

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know…

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Morgan Stanley Sounds The Alarm On Record High Bond Duration, Is Starting To Buy Bond Volatility

You Have More Duration than You Think 2020 has seen a pandemic inflict enormous human and economic cost. In 2Q,…

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