Posts Tagged ‘Corruption’
Banks Are In Trouble: Wells Tumbles As Revenues Plunge, NIM Hits Record Low, Warns On Payment Deferrals
If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed, and this time was no different, with the stock sliding after reporting that Q3 earnings missed again as its Net Interest Margin dropped to a fresh all time low, while…
Read MoreHow Big Banks Have for Years Engaged With Dirty Money, While the Working Class Struggle
It Is the Elitist Way of Doing Things and the New World Order Will Even Be More Corrupt… The agency, which operates under the Treasury Department, compiles “suspicious activity reports” when it detects potential or evident financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after…
Read MoreAfter “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 to do something about it. In recent years the price hadn’t risen above $600, but it advanced in each of the past five sessions with percentage increases of 35%, 34%, 29%, 223% and 400%, and closed…
Read MoreBoE Warns Of Worst Economic Slump In 300 Years
The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite the country’s worst economic slump in 300 years, caused by coronavirus lockdowns. MPC voted 7-2 to leave its bond-buying program unchanged at £645 billion. Two of its nine policymakers (Michael Saunders and Jonathan Haskel) voted to increase the…
Read MoreMichael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”
Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series of…
Read More“A Multitrillion Dollar Helicopter Credit Drop”: How The Fed Turned $454 Billion Into $4.5 Trillion
Force is now the only rule remaining in deep state-controlled America. Everything has collapsed, no free speech, no fair trial, no system of justice, no reasonable expectation of human rights anywhere, no fair elections, no trustworthy news, no legitimate Wall Street operations, no real public education, no clean food, and threats from the elitist. The…
Read MoreGoldman On Gold: “Time To Buy The Currency Of Last Resort”
A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly like the safest haven. At the start of March, Goldman’s head of commodity strategy said there is one commodity that will be safe: gold “which – unlike people and our economies – is…
Read MoreRonin Capital Blows Up, Unable To Meet CME Capital Requirements After VIX Trade Goes Wrong
We have certainly had our share of dismal fund returns in the past two weeks, in the aftermath of a market crash that is now worse than the Great Depression, so far one thing was missing: a big blow-up, where a fund is margined out and forced to liquidate Friday morning. Think “Duke & Duke.“ Well,…
Read MoreNoted Investor Warns Trump If He Doesn’t “Shut Down” Entire Country for 30 Days
Due to coronavirus, we will lose “America as we know it”… While a number of experts have already warned that the impact of the Wuhan coronavirus (COVID-19) on the United States is expected to be tremendously negative, a respected hedge fund manager sounded an even louder alarm on Wednesday. In an interview with CNBC, Bill Ackman,…
Read MoreMidtown Manhattan Bank Runs Out Of $100 Bills Amid Corona Panic
With the stock market plummeting as the realities of the COVID-19 outbreak sink in, nervous New Yorkers flooded a Midtown Manhattan Bank of America – taking out large sums of cash into the tens of thousands of dollars at a time. So much so, in fact, that the branch at 52nd St. and Park Avenue ran…
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