By Pam Martens and Russ Martens: On Sunday, February 4, the CBS program 60 Minutes aired a taped interview with Federal Reserve Chairman Jerome Powell. The actual interview had occurred three days earlier and was conducted by 60 Minutes interviewer Scott Pelley….
Watchman: It’s the Moment When the Music Stops Playing, Investors Stop Buying, and the Ponzi Game Ends Abruptly. It’s a Hard Crash. America’s on the Brink of Its Minsky Moment
By SRH, The Bible reminds us to stay vigilant and protect our hearts from the corruption of sin. Evil can only infiltrate our lives if we allow it to take root in our hearts, much like a vampire needing an…
3/14/24: Brace Yourself for the Unraveling of the Stock Market, Banking Sector and the Rise of Bitcoin’s Financial Powerhouse!
By SRH, One of today’s biggest stories was the record net inflow into BTC ETFs yesterday – above $1BN for the first time since inception… Source: Bloomberg These bars are formulated for special skin needs. Our soaps are gentle and…
2/14/24: The Federal Reserve Has Abruptly Terminated the Banking Bailout Program That Has Been Sustaining Institutions. Expect Banks To Start Collapsing in the Near Future
By SRH,The federal authorities seem to be on the verge of closing down the Regional National Banks in order to usher in digital currency. Tribulations Playing Out In Real Time!. Unnoticed by the masses, the Federal Reserve ceased its emergency…
2/3/24: Which Banks Are In Trouble In 2024?
BanksterCrime: The worst banks in America of 2024 It’s important to keep in mind that even if a bank is featured here, that doesn’t mean it should be avoided at all costs — these are still major businesses with large…
3/1/24: The Fed Pretends to Send a Warning to Wall Street’s Mega Banks on Derivatives and Counterparty Risk
BanksterCrime: By Pam Martens and Russ Martens: On Tuesday, the Vice Chair for Supervision at the Federal Reserve, Michael Barr, delivered a speech at a risk management conference in Manhattan. Barr’s objective was to convince conference attendees that the Fed has its…
2/12/24: The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs
BanksterCrime: By Pam Martens and Russ Martens: The Office of Financial Research (OFR) is a unit of the U.S. Treasury Department. OFR was created as part of the Dodd-Frank financial reform legislation of 2010 to keep the Financial Stability Oversight Council…
HSBC Resuscitates 35,000 Job Cut Plan As Banking Troubles Persist
Back in February, HSBC, Europe’s largest bank and troubled lender, announced a plan that would slash upwards of 35,000 jobs. Shortly after, the lender put restructuring plans on hold for three months due to the COVID-19 outbreak. Now, Bloomberg reports, HSBC is resuming plans to cut tens of thousands…
Ronin 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…