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Category Archive for: ‘Credit Derivatives’

Bail-In Confiscations of Deposits – Australian Government Confiscates Deposits Directly From Banks

Bail-In Confiscations of Deposits – Australian Government Confiscates Deposits Directly From Banks Prime minister Kevin Rudd government will implement a tax levy on all depositors account on banks, mutual banks and credit union to boost bottom budget line, giving the budget a boost of $733 million. Taken from CourierMail: Rudd Government to whack 0.05 per cent levy on bank accounts …

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Currency Wars – Gold is Money – In order to weaken the Yen, Japan will buy European debt

Gold Price – Currency Wars – In order to weaken the Yen, Japan will buy European debt Searching for financial stability, Japan plans on using it’s foreign exchange reserves to buy bonds issued by the European Stability Mechanism. According to Minister Taro Aso, Japan is looking to devalue it’s currency as it is being heavily criticized by trading partners due …

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AFE Global Insider Issue #41 – Available For Download

Dear Global Insider reader, In this edition of the AFE Global Insider Duncan Cameron walks us through the fundamentals as to why the bull market in gold will not mirror the bull market of the 1980’s when it comes to a drop in the gold price. Alex Stanczyk gives us a view into the current trends globally regarding confidence in …

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Matt Taibbi, Yves Smith, JPM, Foreclosures on Deployed Servicemen, Bribes Local Officials, Sovereign Debt Crisis

Matt Taibbi, Yves Smith, JPM, Foreclosures on Deployed Servicemen, Bribes Local Officials, Sovereign Debt Crisis Great video. Matt Taibbi and Yves Smith dig into JPM’s systematic and repetitive fraud and bribery, yet continues to receive taxpayer funded bailout money. Yves Smith “This amounts to an oligopoly.” “We have a sovereign debt crisis”. Alas, JPM is holy. Just ask them.

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Moody’s Downgrades Largest Banks – Derivatives

OTC Derivatives are still one of the greatest dangers to the global financial system. The Bank of International Settlements (BIS) in Switzerland, which is the bank of banks, estimates the outstanding value of derivatives at over $600 Trillion USD. These are the same financial instruments referred to by Warren Buffet as financial weapons of mass destruction, and the same instruments …

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Bank of England Policy-Maker: Prepare for Devastating Market Seizure

Bank of England Policy-Maker: Prepare for Devastating Market Seizure From the Telegraph: Banks and traders must prepare for a devastating market seizure as governments grapple with the escalating economic crisis in Europe, a Bank of England policymaker has warned. Without easy access to liquidity, markets could seize in a re-run of the credit crunch after the collapse of Lehman Brothers, …

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Credit Derivatives – JP Morgan’s $100 Billion of Opaque Risk

Credit Derivatives are financial instruments that are the core reason for the failure of Lehman and AIG in 2008, and are still the greatest risk on the balance sheets of the largest banks today. A failure of any financial institution or sovereign default could trigger a Credit Derivative, and create a chain reaction of derivatives triggering across the globe. It …

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