Tag Archives: banking system collapse

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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Narco-business revenues are created to save the banking system: Russia’s anti-drug czar Ivanov

Speaking in Moscow on Nov 12, Russia’s Director of the Federal Service for Drug Control, Viktor Ivanov, said revenues from the narco-business are absorbed by the banking system and help eliminate their liquidity squeeze that appeared due to the world … Continue reading

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