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Confiscation in progress in Greece, negative Euribor and Euro Area debt at new high
Today on The Janssen Report (#99): excesses in our monetary system keep piling up, while Greece is on the verge of breakdown. Euribor, the inbank-loan rate in the EU, is now negative (-0.001%). This means that banks are now getting paid to borrow! Meanwhile the Greek government is ordering local governments to deposit their cash…
IMF makes billions in profits on Greece loans; how usury forces more debt on the people
Today on The Janssen Report (#98): Greece just repaid 450 million euros of its debt to the IMF that was due today. Are the loans really what they seem? The IMF makes huge profits in the process. According to Debt Jubilee Campaign the IMF has made more than 8 billion euros in gains on loans…
Central Banks & the financial reset: buying gold while saving the banks & stealing YOUR money
Today on The Janssen Report (#97): don’t be fooled by all the fairytales about economic recovery. While newspapers and TV try to sell us the narrative of economic recovery, central banks are quietly preparing for a financial reset. For 5 years central banks have been net buyers of gold. While keeping the price of this…
ABN Amro Bankers circumvent bonus ceiling; Blockupy stands up against ECB in Frankfurt
Today on The Janssen Report (#96) several astounding bank-related headlines this week: Dutch ABN Amro bank executives raise their pay by 17% to circumvent the government imposed bonus ceiling. Remember: this is a tax-payer bailed out bank. Former HSBC chairman Lord Green says he’s sorry about the HSBC tax scandal. Okay, so now it’s business…
De-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank
Today on The Janssen Report (#95): de-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank… Some of today’s & recent headlines: Christine Lagarde of the IMF: Lagarde Warns World to Brace for Volatility If Fed Surprises. Pension fund grab in Greece, use of pension fund reserves…
Bail-in is here: bank deposits at risk as Austrian bad bank wind-down goes awry!
Today on The Janssen Report (#94): the first bank bail-in of 2015 may have arrived! In Austria of all places (considered a very stable economy!), the HETA Asset Resolution AG turns out to have a capital shortfall of more than 7 billion euros. HETA is in fact the entity that was supposed to wind down…
Federal Reserve & other central banks fail to create recovery & are we seeing the covert (monetary) comeback of gold?
Today on The Janssen Report (#93): time and again we see the failure of central banks to create recovery in the real economy. There is no true improvement in the jobs market, no wage increase, and inflation is going down rather than up. The housing market is also not performing. It is therefore no surprise…
Growing opposition in EU: Syriza in Greece & Podemos in Spain. Denmark cuts negative interest rates
Today on The Janssen Report (#92): both easy money policy (QE) and austerity measures are causing quite a turbulence in Europe. On the one hand we are seeing the strong debasement (weakening) of the Euro leading to Switzerland being forced to unpeg the Swiss Franc from the Euro. Denmark is currently having trouble maintaining their…
ECB QE at 60 billion a month, worldwide monetary policies signal distress
Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer. With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi…
The Oil & Ruble Crash, Declarations of War Against Russia and Connecting Some of the Dots
Today on The Janssen Report (#90): as we move towards the end of the year, let’s connect a few dots on the global economic and geopolitical chess board. US Congress passed a few bills this year cornering Russia with severe sanctions. And very recently the OPEC decided to intervene in the oil market leading to…
News
- John Embry: Silver - Getting Closer to an Upside Explosion May 2, 2015Sprott's John Embry was interviewed this week by Dave Kranzler of Investment Research Dynamics, discussing the suppression of the monetary metals markets & the possible triggers for their breakouts.
- U.S.A. Caught in Enormous Policy Vise May 2, 2015As the global banks place more RMB bonds in their reserves shelves, they will find the USTreasurys of no use. They will be converted conveniently to Gold bullion during the restoration phase
- Untitled May 1, 2015Now we have the IMF considering using Gold as a reserve in the SDRs (Special Drawing Rights). Once that happens, that is yet another foundation for the reemergence of Gold as a first-tier global currency.
- 5 Things To Ponder: GDP - Love It Or List It - Lance Roberts May 1, 2015As discussed yesterday, the data trends on many fronts suggest that the current weakness is more than just weather related:
- US Treasury Bonds,The Godfather Of All Bubbles May 1, 2015
- Governments Have Declared War on Paper Cash May 1, 2015
- Europe to End FDIC Insurance System for Banks? May 1, 2015This is where it starts. We already have bail-in legislation from the USA to Switzerland. We can count on this type of insurance vanishing when the system crashes & burns.
- Stephen Roach - Economic Policy Turned Inside Out May 1, 2015The world economy is in the grips of a dangerous delusion. As the great boom that began in the 1990s gave way to an even greater bust, policymakers resorted to the timeworn tricks of financial engineering in an effort to recapture the magic.
- David Stockman - Against Crony Capitalism May 1, 2015
- Russia is Hoarding Gold: You Should Worry - Washington Times May 1, 2015Russia waits for the day when America wakes up & realizes Russia is the country with a Gold-backed currency. This is where the Gold-backed ruble will hit the road.