Always love your analysis. A friend shared with me one week of your short sellers journal and I was impressed. GLNG took an extra week after you published it but it did start dropping. I’m very experienced in options. Just ordered it for your short picks…I don’t really need the info of how to play options… just like your research and analysis. – “Colin” – SHORT SELLER’S JOURNAL(link)
All eyes are focused on Deutsche Bank. Rightly so, for the most part. “As you said, Deutsche Bank is blowing up” (Dr. Paul Craig Roberts in an email to me this morning). It was reported this morning that the bank’s CEO released a memo to employees in which he assured the “troops” that everything was fine.
Remember that “collapse” we’ve been telling you is coming? Well, sure looks like it’s here. And Deutsche Bank and its $55+ TRILLION in derivatives is leading the charge. In fact, Andy Hoffman says, DEUTSCHE BANK IS ON THE VERGE OF TAKING DOWN THE ENTIRE GLOBAL MONETARY SYSTEM. Bix Weir from Road To Roota has a new book out called The Road Awakens and Bix is back to help us break down the latest, and remind us that aside from PHYSICAL gold and silver in hand, none of us “own” what we think we do.
Author Chris Martenson from Peak Prosperity joins me to discuss some of the necessary steps every thinking person ought to take in order to survive the global economic crisis. Chris and co-author Adam Taggart have a brand new book called ‘Prosper’ which can help us all do just that. Because as Chris notes, you can’t PRINT your way to prosperity, the Central Banks tried that, and now we stand on the precipice of complete economic failure, about which Chris says, “I don’t know how anybody can avoid it at this point…. this has been the best FAKE recovery money can buy.”
You can buy Chris Martenson & Adam Taggart’s new book ‘PROSPER! How to Prepare for the Future and Create a World Worth Inheriting‘ HERE.
ew Hampshire’s primary results are a sideshow compared to the most important political poll of all: The stock market.
Which is ironic, since — in contrast to the presidential campaign so far, which has confused matters more than clarified — the stock market is voting loudly and clearly: The Republicans are likely to regain control of the White House this November.
It’s easy to overlook the outsized influence that the stock market has on presidential politics, since its message doesn’t change on a day-by-day basis, or even week-to-week. Accordingly, it doesn’t fit into the daily news cycle that dominates the media’s attention.
Dave interviewed the popular talk show host, John B. Wells about the current state of affairs on the planet. This was a most unusual interview because Wells offered solutions to our earthly problems. He very much believes that there are spiritual solution to physical problems.
This is a stunning interview with one of America’s most dynamic personalities.
Listen to Dave interview John Wells in hour one, click here.
Listen to Dave interview John Wells in hour two, click here.
On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what happened in Japan. The Nikkei was down a staggering 918 points, but that stock crash made very few headlines in the western world. If the Dow had crashed 918 points today, that would have been the largest single day point crash in all of U.S. history. So what just happened in Japan is a really big deal. The Nikkei is now down 23.1 percent from the peak of the market, and that places it solidly in bear market territory. Overall, a total of 16.5 trillion dollars of global stock market wealth has been wiped out since the middle of 2015. As I stated yesterday, this is what a global financial crisis looks like.
If you love someone, and you are afraid that someone has become suicidal or might hurt themselves, calling the cops for “help” is perhaps the last thing you would want to do in the modern American police state.
“Suicidal, huh? How about we take care of that right now…”
Such is the case for Danielle Jacobs, a woman with Asperger’s Syndrome whose mother called the Mesa, Arizona police concerned her daughter was “depressed” and “suicidal” and might hurt herself.
Starting from February, deposits made with the Bank of Japan began to accrue negative interest. The interest rate at the Central Bank of Japan now stands at minus 0.1%. This is no longer seen as shocking. The central banks in developed countries began backing into the negative zone for passive operations several years ago.
The motivation and rationale for the transition to negative interest rates on deposits varies among the different central banks. For the most part, the Swedish Central Bank and the ECB explained their decisions by pointing to the fact that the Swedish and eurozone economies are now faced with the threat of deflation. There are hopes that the negative rate will make money more accessible and will generate at least a bit of inflation.
Fed Chair Yellen will be presenting her semi-annual monetary policy testimony – sometimes called the “Humphrey-Hawkins” testimony – today (House Financial Services Committee) and tomorrow (Senate Banking Committee). Her prepared remarks offered little new information over the January FOMC Statement but the Q&A will likely be the most market-movingas politicians likely demand she “get back to work”for the good of the nation’s shareholders.
JPM estimates that if the ECB just focused on reserves equivalent to 2% of gross domestic product it could slice the rate it charges on bank deposits to minus 4.5%. In Japan, JPM calculates that the BOJ could go as low as -3.45% while Sweden’s is likely -3.27%. Finally, if and when the Fed joins the monetary twilight race, it could cut to -1.3% and the Bank of England to -2.69%.
The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multiemployer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.
The White House campaign, carried out in a conspiracy with the major trade unions and multinational corporations, takes place in the wake of the 2013–2014 bankruptcy of Detroit, which set a precedent for slashing the legally protected pension benefits of retirees.