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Tag: financial collapse

FTX Scandal Could Bring Down Derivatives’ House of Cards

FTX Scandal Could Bring Down Derivatives’ House of Cards

The FTX scandal is a massive financial train wreck that will bring down many other companies that had nothing to do with Bankman-Fried’s corruption. There will be numerous bankruptcies in the crypto industry, and the carnage has only started. Rick will cover the rapid collapse of FTX, its impact on the economy, and how Terry Duffy, the CEO of CME Group, attempted to warn Congress of a biblical disaster that was going to unfold with FTX’s Samuel Bankman-Fried.

Regime change plot in UK. Dark times ahead

Regime change plot in UK. Dark times ahead

Pension funds call for longer bailout as Bank of England is set to pull the plug on emergency £65 billion bond-buying scheme to tackle market chaos The intervention from the bank is due to end on Friday after being extended It originally said it would buy up to £65billion of bonds, and £5billion a day Pension funds are said to be worried with a large amount of ‘nervousness’ about Pension funds are bracing themselves for the Bank of England to pull the…

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Bank of England has told investors that its bond-buying to stabilise pension funds will end on Friday

Bank of England has told investors that its bond-buying to stabilise pension funds will end on Friday

Enjoy the calm. BOE’s bond buying program ends next Friday. — zerohedge (@zerohedge) October 7, 2022 Bank of England boss tells investors help will end in three days By Daniel Thomas & Dharshini David & Tom Espiner BBC News The boss of the Bank of England has told investors that its bond-buying to stabilise pension funds will end on Friday, despite pleas to extend it. Andrew Bailey said that managers have got to make sure that their funds are resilient. Earlier…

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Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat

Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat

The Most Powerful Buyers in Treasuries Are All Bailing at Once Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat. From Japanese pensions and life insurers to foreign governments and US commercial banks, where once they were lining up to get their hands on US government debt, most have now stepped away. The Most Powerful Buyers in Treasuries Are All Bailing at Once Fed, foreign governments, commercial banks all stepping back More pain…

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After Liz Truss nearly wiped out the UK pension system.

After Liz Truss nearly wiped out the UK pension system.

UK’s Truss Pushed Into “Humiliating” U-Turn, Scraps Tax Cuts For Top Earners To “Restore Credibility” UK Prime Minister Liz Truss was pushed into what the FT called a “humiliating” U-turn forced by growing discontent from members of her own Conservative Party, when she ditched her plan to slash taxes for the highest earners just over a week after announcing her shocking “mini-budget”  which set off an avalanche of selling in the sterling and gilts and nearly wiped out the UK…

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The next Lehman Bros?

The next Lehman Bros?

There are some serious rumours doing the rounds about a major bank failure October about to start with a disaster? ABC Australia is reporting that a major investment bank is on the brink, citing ‘a credible source’. Most are pointing towards Credit Suisse. It was caught out in the Archegos disaster and since then (Feb 2021) its share price has spiralled to $3.90 from $14.90. Moreover, the credit default swaps are at distressed levels. A memo from the CEO to…

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Australia’s Central Bank Says It Is Bust

Australia’s Central Bank Says It Is Bust

Australian Central Bank Goes Bust Australia’s Central Bank Says It Is Bust After the Australian fiscal year ended in June, the Reserve Bank of Australia marked its bond holdings to market – wiping out all its reserves. The central bank has had to mark the value of its holdings to market, resulting in a A$44.9 billion (US$30.0 billion) valuation loss. Offset by A$8.2 billion (US$5.5 billion) in underlying earnings from the central bank’s holdings, and it is posting a net…

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Economic collapse news: Bank bail-ins and giant homeless encampments

Economic collapse news: Bank bail-ins and giant homeless encampments

This video has been removed from social media, sometimes within 30 minutes. Perhaps there is an important message? Woman robs Beirut bank and walks out with $13,000 of her own money to pay for her sister’s cancer treatment after withdrawal was blocked Sali Hafiz, a 28-year-old activist, said she managed to free around $13,000 Cancer treatment for her sister costs $50,000, she said, after her bank raid She said ‘I did not come to kill anyone or to start a…

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An apocalyptic vision

An apocalyptic vision

Last night Hal Turner posted the following story. I am Back in the New York City area. I had to have a sort of Luca Brasi moment with a couple Banker/Financial types. Monday night, I will tell YOU the “What’s What” about Economic collapse, the Stock / Bond Markets, and World War 3 On the strength of that I decided to listen to his show for tonight. Being somewhat on edge I persevered while it took almost an hour for…

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