Category Archives: Banking System

Hysteria Grips Some Central Banks as Collapse Threatens

Both the International Monetary Fund and Mario Draghi have again tried hard over the past 24 hours to conjure a big Eurozone “quantitative easing” scheme into existence, as the European banking system is showing signs of an early “recollapse” which … Continue reading

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BIS Chief Fears New Lehman Crisis

Jaime Caruana, the head of the Bank for International Settlements (BIS), in an interview with the Daily Telegraph’s Ambrose Evans-Pritchard, warned of the danger of a new Lehman Crisis as the result of the fact that debt ratios are far … Continue reading

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Austrians Take Bail-In Plan To Court, Leading Cypriot Denounces EU’s Bail-In Theft

Austrians Take Bail-In Plan To Court At least two of the insurance companies that are affected by the planned bail-in at Hypo Alpe Adria Bank, namely Wiener Städtische and Uniqua, have announced that they will take the expropriation legislation of … Continue reading

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Putin: “Mutual Understanding, Sincerity And Trust” Mark Argentine-Russian Relations

In his toast to his Argentine hosts at the July 12 state dinner, Russian President Vladimir Putin underscored that his talks with President Fernandez de Kirchner and other government officials took place in an atmosphere of “mutual understanding, openness, sincerity, … Continue reading

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Argentina’s Partnerships With Russia And China Show It Is Not “Isolated From The World”

In reporting July 12 to the media on the nuclear energy agreements his government had signed with Russia’s Rosatom agency, Argentina’s Planning Minister Julio De Vido addressed the stupid assertion made by the British Empire’s Wall Street and London toadies … Continue reading

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Russian and Argentine Presidents Focus on Strong Strategic Relationship, Common View of Foreign Affairs

During their private meeting and press conference Saturday in Buenos Aires, Russian President Vladimir Putin and Argentine President Cristina Fernández emphasized the strategic nature of their relationship and their shared view of international affairs and the problems afflicting the global … Continue reading

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Italian President Renzi Offers Support to Argentine President Cristina Fernández

Italy’s President Matteo Renzi has written a letter to Argentine President Cristina Fernández de Kirchner, dated July 9, expressing his “satisfaction” with Argentina’s “willingness to continue paying its debt, which is a key point of great value for the international … Continue reading

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On Its Independence Day, Argentina Slams Vultures: We Will Not Be Blackmailed!

Yesterday, the 198th anniversary of Argentina’s July 9, 1816 founding as an independent nation at the Congress of Tucuman, the office of the President issued another full-page ad in The Washington Post, under a banner headline (in all caps) “Vulture … Continue reading

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Today, Leading Bank in Portugal Is Going Under; Who Will Join Them Tomorrow?

The German government has issued four draft bills to introduce the European Union bail-in regime by 2015, a year earlier than the EU had been considering. There can be only one explanation for this rush: fear of an imminent, systemic … Continue reading

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The Trans-Atlantic Financial Blowout: How Many Nations Will Bolt?

The assistant editor of the London Telegraph penned a quietly hysterical article yesterday, which begins: “It’s not quite Creditanstalt, the Austrian banking collapse that marked the beginning of the Great Depression…,” and goes on to say that last week’s profit … Continue reading

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