Tag Archives: banks

  • Insider
    s-ts/Shutterstock

    Off the Cuff: It Takes A Pillage

    How financial system fraud has worsened post-2008
    by Adam Taggart

    Thursday, May 21, 2015, 8:21 PM

    13

    In this week's Off the Cuff podcast, Chris and Nomi Prins discuss:

    • It Takes A Pillage
      • How Wall St fraud has only worsened since 2008
    • Moral Hazard
      • Central banks are enabling the bad actors
    • The War On Cash
      • What the implications of ZIRP and NIRP are
    • Get Ready For Volatility To Return
      • Market gyrations from here are baked in the cake
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  • Insider
    Dreamstime

    The Future Of Interest Rates

    The Fed faces an increasingly bad set of options
    by Brian Pretti

    Friday, April 17, 2015, 7:36 PM

    4

    Executive Summary

    • Why the Fed may no be able to raise rates from here
    • Will the Fed go to negative interest rates instead?
    • Why the next recession will limit the Fed's options greatly
    • Why it may well be too late for the Fed at this point to act

    If you have not yet read Part 1: Has The Fed Already Lost? available free to all readers, please click here to read it first.

    What If The Fed Isn't Actually Able To Raise Rates From Here?

    Let’s start with a look at the history of the Federal Funds rate (the shortest maturity interest rate the Fed directly controls).  Alongside the historical rhythm of the Funds rate are official US recession periods in the shaded blue bars.   

    Chart Source:  St. Louis Federal Reserve

    Of course there is one striking and completely consistent historical commonality in the behavior of the Funds rate over time.  The Fed has lowered the Federal Funds rate in every recession since 1954 at least.  There are no exceptions.  You can see the punchline coming, can’t you?  Just how does one lower interest rates from zero to stimulate a potential slowdown in the economy?

    Of course in the banking system…

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  • Insider
    Kevin Grant/Shutterstock

    The Fed Is Destroying the World One Saver At A Time

    Bernanke's new blog offers bloviating proof of that
    by Chris Martenson

    Tuesday, April 7, 2015, 4:25 AM

    27

    I must confess to a deep-seated anger at just how insultingly stupid the world has become. As a sufferer of crisis fatigue I can be caught exclaiming You have got to be kidding me!!? several times per day, or perhaps shouting How dumb do they think we are?

    Three choice outbursts came last week as I read Bernanke’s new blog and came across statements like this one:

     

     

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  • Podcast

    Steve Keen: The Deliberate Blindness Of Our Central Planners

    Choosing to ignore the largest risks
    by Adam Taggart

    Sunday, March 29, 2015, 4:20 PM

    72

    The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.

    Professor, author and deflationist Steve Keen joins us this week to discuss the broken models our central planners are using to chart the future of the world economy.

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  • Blog
    Netfalls - Remy Musser/Shuttestock

    Greece Exposes The Global Economy’s Achilles Heel

    Countries that can't repay their debts -- won't
    by Chris Martenson

    Thursday, February 5, 2015, 8:54 PM

    15

    The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they've dared to speak the truth.

    Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it's doing everything it can to minimize and marginalize the new Greek government.

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  • Podcast

    Nomi Prins: The Sinister Evolution Of Our Modern Banking System

    Because we're all about those banks, 'bout those banks...
    by Adam Taggart

    Sunday, February 1, 2015, 3:06 AM

    43

    Today, the 'revolving door' connecting our political and financial systems is evident to anyone with eyes. But this entwined relationship between Washington DC and Wall Street is nothing new, predating even the formation of the Federal Reserve. 

    In this well-detailed interview, Nomi Prins goes into depth of the rationale and process behind the creation of the Federal Reserve, and more important, how its mandate — and the behavior of the banking system overall — metastasized into the every-banker-for-himself regime of sanctioned theft we now live with.

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  • Blog
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    2014 Year in Review: Part 2

    Will 2015 be the year it all comes tumbling down?
    by David Collum

    Friday, December 19, 2014, 4:27 PM

    18

    This year has been all about risk—existential risk. Some of it seemed to dissipate and some lingers.  Market valuations remain risky—regression to the mean could easily provide a 50% haircut and more if we observe regression through the mean. This has not come to pass, but the risk is very real.

    Those who seek risk in markets will eventually find it.

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  • Blog
    E_K/Shutterstock

    2014 Year in Review

    The year we piled up risks like a global game of Tetris
    by David Collum

    Friday, December 19, 2014, 4:27 PM

    33

    I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows.

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  • Insider
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    Deflation Is Still Winning!

    OK, folks: this is it
    by Chris Martenson

    Tuesday, December 16, 2014, 1:20 AM

    32

    As we've written on and warned about before, deflation is winning.  We're starting to see very serious cracks in the façade, beginning with oil, then various peripheral currencies — especially from emerging market oil exporters — and now equities.

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  • Blog
    soft_light/Shutterstock

    Ready Or Not…

    The unsustainable status quo is ending
    by Chris Martenson

    Thursday, September 25, 2014, 8:00 PM

    45

    If risk has been taken from where it belongs and instead shuffled onto central bank balance sheets, or allowed to be hidden by new and accommodating accounting tricks, has it really disappeared? In my world, risk is like energy: it can neither be created nor destroyed, only transformed or transferred. 

    If reality no longer has a place at the table — such as when policy makers act as if the all-too-temporary shale oil bonanza is now a new permanent constant — then the discussions happening around that table are only accidentally useful, if ever, and always delusional.

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