Tag Archives: Banks

120828 – Criminal Bankers In Trouble

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Today’s Items:

First…
Germany Loses Confidence For The Fourth Month In A Row
http://www.zerohedge.com
http://www.spiegel.de

As the European double, and in some cases triple, dip, continues to take its toll, German companies are worried about the medium-term outlook.   The actions of policy makers in the coming weeks will determine whether or not these concerns increase further.   Come September 12th, we will see if the German Federal Constitutional Court will allow the German economy to be completely flushed down the toilet by supporting the ESM.

Next…
Fed & The ECB Are Involved In A Dangerous Game Of Poker
http://kingworldnews.com

In reviewing the European Central Bank and the Federal Reserve proposed actions of another round of currency depreciation to get their economies going, Michael Pento believes this a dangerous game of poker with the markets.   Unfortunately for these two Central Banks, they are not very good at hiding their cards and their promises and threats have already caused commodity and equity prices to rise in anticipation.

Next…
LIBOR-Manipulation Liabilities May Top $176 Billion
http://www.zerohedge.com

It may be beginning, but it now appears that liabilities for LIBOR may top $176 billion.  This potential liability, for some context, is over 35% of the entire market cap of the Big 5 US banks, or $489.5 billion.   Needless to say, they can pull a “Corzine” and simply say that the money just vaporized and they do not know what happened.

Next…
Bank of America in Code Red
http://www.businessinsider.com

Bank of America’s top North America economist, Ethan Harris, believes that the bank is at the eye of a financial storm and things are about to get worse.   Really?   Anyway, they are expecting more money from the Fed in the form of, outright, quantitative easing to save their backsides or they can run to a clueless, gullible, and complicit Congress and state that they are to big to go to jail  err… to big to fail.

Next…
Protect the Banks at All Costs
http://azizonomics.com

Welcome to the new America — where banks must be protected at all costs.   Whether it’s a bailout or a trumped up charge to silence a protestor, if the banks want it, they get it.   After Iceland’s undeniable recovery, even Paul Krugman is now very slowly beginning to get it when it comes to these criminal banks.   So, if this ignorant Nobel Peace prize economist finally gets it, it may not be long afterwards that corrupt bankers, everywhere, could be introduced to tar and feathers.

Next…
To Honor Neil Armstrong, Obama Posts Photo of Himself
http://www.breitbart.com

Well, it looks like Obama’s narcissism and arrogance are still reigning supreme.   Instead of picturing Neal Armstrong, he decided to post a picture himself looking up at the crescent moon.   Anyway, this piece of BEEP‘s true disdain for Neil Armstrong is clearly illustrated by the fact that the U.S. flag was not at half staff.

Next…
Scientists Successfully ‘Hack’ Brain
http://seattle.cbslocal.com

Using a $299 off-the-shelf Emotiv brain-computer interface, scientist were able to utilize the P300 brain signal and pluck sensitive information from a person’s head.   Of course, with this little insight, you know the TSA will be all over this.

Finally, please prepare now for the escalating economic and social unrest. Good Day!

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only.   ‘Hyper Report’ assumes all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied.   No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes.   Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.

The Coming of GOLD!

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We have been hearing lately how gold has been re-emerging as a Tier-1 asset by central banks; however, there has been some under the radar news regarding U.S. banks and gold as well.   This summer, a quiet, and not widely known, event occurred.

The Federal Reserve sent a memo to U.S. banks informing them, that starting January 2013, there will be a zero percent risk assigned for both cash and physical gold bullion held in the banking organization’s own vaults, or held in another depository institution’s vaults on an allocated basis.

No rationale was given for this change that added gold bullion; however, perhaps Benji Bernanke was just getting too much international flack for his comical response that gold is not money and his “its tradition” to why central banks hold physical gold bullion.   At any rate, it now appears that banks will no longer have to pile into government and private (muni) bonds that may be on the verge of default.   Instead, they can choose to store physical gold.   In addition, because of the rising concern of the lack of underlying physical to the paper, regional U.S. banks will most likely NOT be purchasing ETF’s when they can have, and safely store, the real thing.

So, what does this mean for regular people?    Well, for individuals, the time between now and January represents a buying opportunity.

In regards to the political arena, in an attempt to lull Ron Paul supporters to sleep again, the Republican criminal enterprise is putting on a dog and pony show; however, do not believe this Republican farce for a gold standard for a second.    Remember, the Republicans would not have put up ole “Goldman-Sachs” Romney if they were serious about auditing the Fed or returning to a gold standard.

But how about silver?

Well, with the Silver to Gold Ratio, or SGR, still way out of whack in relation to both historical norms and what they are pulling out of the ground, the very real possibility of quantitative easing by the Federal Reserve in the not-so-distant future, and the impending JP Morgan naked short scandal involving silver, those having physical silver are going to be jumping for joy unlike those who will be rioting in the streets when the SLV ETF goes to zero.   So, after preparing, keep stacking physical.

Finally, please prepare now for the escalating economic and social unrest. Good Day!

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only.   ‘Hyper Report’ assumes all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied. No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes. Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.

120822 – China Stacking Silver?

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Today’s Items:

First…
Russia Warns West on Syria After Obama Threats
http://ca.news.yahoo.com

The Russians, Chinese, and any thinking person are not falling for the Obama hate, lies, and threats when it comes to Syria.  They are not going to fall for a Libya repeat and have drawn a line in the sand.   With EU countries dependent upon Russian natural gas, Obama may as well forget about both a NATO and UN cover on this kinetic action as well.

Next…
Greek Shortfall Growing Ever Larger
http://www.spiegel.de

The Greek prime minister has spent weeks searching under cushions of couches trying to come up with the 11.5 billion euros needed to satisfy international conditions for emergency aid; however, German politicians, who, like Merkel, have their reputations on the line, have become more upset when they heard that the shortfall may be nearly 14 billion euros.   In short, stick a fork in Greece, it is done.

Next…
The Odds At 90%
http://www.zerohedge.com

Even if the German High Court finds that there is a way to support the ESM, Germany with a GDP of $3.5 trillion does not have the capital, resources, or the assets to support the rest of Europe.   It is a 90% bet that the ECB cannot do anything substantive without the support of Germany and Germany will not keep handing Greece money forever.

Next…
China Stacking Silver?
http://www.youtube.com 1
http://www.youtube.com 2

Eric Sprott, who oversees PSLV, has been saying that once deep pockets starts stacking silver, silver prices will sky rocket. Well, it now turns out that China may be beginning to look at stacking physical silver. See, they can spend billions and billions of dollars for silver and this kind of money chasing such a limited asset like silver. Well, if this is true, you better be hang on because the rocket has just been ignited.

Next…
Government To Expand Regardless of Election Results
http://www.moneynews.com

Former U.S. Treasury Secretary Lawrence Summers should get the Master Of the Obvious Award with his assertion that government will only get bigger regardless who wins in the November election. Hell, Obama and Romney are essentially cut from a similar cloth that only government has all the solutions. Obama, being big government is all but in your face and the fact that Romeny was governor of ultra-liberal Massachusetts should be a major clue here folks.

Next…
Still No Escape for Taxpayers if Banks Go Bust
http://in.reuters.com

Five years since the start of the financial crisis, taxpayers would still be forced to foot the bill should more banks fail. Reforms were supposed to be in place; however, no one is holding their breath. The primary reasons, is that politicians, unlike those in Iceland, do what the bankers tell them. When the derivatives go bust, so will the banks, and any assets held by those banks, like your checking and savings account.

Next…
Detroit Water Department Employs ‘Horseshoer’
http://www.michigancapitolconfidential.com

At a pay rate of $29,245 a year, the broke city of Detroit employs a horseshoer in the Detroit Water and Sewerage Department. Are there horses? No, but his job is safe because union rules prohibit the elimination of positions. On top of this, the horseshoer position also receives about $27,000 in additional benefits. Let’s give a round of applause for Union rules folks because this profession may make a serious comeback in the motor city.

Finally, please prepare now for the escalating economic and social unrest. Good Day!

All content contained on the Hyper Report, and attached videos is provided for informational and entertainment purposes only. ‘Hyper Report’ assumes all information to be truthful and reliable; however, the content on this site is provided without any warranty, express or implied. No material here constitutes “Investment advice” nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, commodities, corporation, options, bonds, futures, or intrinsically valueless Federal Reserve Notes. Any actions you, the reader/listener, take as a consequence of any analysis, opinion, or advertisement on this site/video is your sole responsibility.