The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history. At this point the total value of all outstanding loans in China has hit a…
Do you remember when our politicians promised to do something about the “too big to fail” banks? Well, they didn’t, and now the chickens are coming home to roost. On Thursday, it was announced that one of those “too big to fail” banks, Wells Fargo, has been slapped with 185 million dollars in penalties. It…
Russia is pushing ahead with its project of a “more extensive Eurasian partnership” involving the Eurasian Economic Union, Moscow’s CIS partners as well as China, India, Pakistan and Iran; meanwhile, Beijing and Moscow continue to build a Eurasian economic corridor that will stretch from Shanghai to Berlin. Russian President Vladimir Putin’s visit to Beijing, scheduled…
“It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves…” Submitted by Tyler Durden: On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack…
Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments?” If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money. But if a major financial crisis is imminent, he stands to make obscene returns. So does George…
Source: activistpost.com By Brandon Turbeville Any informed observer, by now, should be fully aware that the Saudis are hurting financially. That is, they are hurting as much as any degenerate hedonistic ruling class of genetic royalty can be. But, while Saudi princes roll around in money and women and unspeakably depraved forms of entertainment and while…
