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Canada’s ‘Cyprus solution’ for bank defaults | Max Keiser

April 3, 2013

“…many Canadians believe, mistakenly, that their RRSPs and other holdings are safe and insured, too, up to the $100,000 threshold.

They don’t often realize that government bonds as well as stocks and mutual funds are among the investments that don’t qualify for CDIC insurance.

As to whether small, insured deposits are safe in the event of a failure, that boils down to a question of trust in government.”

So you can expect these big quasi american morons without guns and amunition to Wake up too late.

via Canada’s ‘Cyprus solution’ for bank defaults | Max Keiser.

Canada Includes Depositor Haircut Bail-In Provision For Systemically Important Banks in 2013 Budget! | SilverDoctors.com

March 28, 2013

Canada Includes Depositor Haircut Bail-In Provision For Systemically Important Banks in 2013 Budget! | SilverDoctors.com.

Cable Slumps As Fitch Places UK On Rating Watch Negative | Zero Hedge

March 22, 2013

Cable Slumps As Fitch Places UK On Rating Watch Negative | Zero Hedge.

FITCH PLACES UNITED KINGDOM ON RATING WATCH NEGATIVE

Fitch Ratings-London-22 March 2013: Fitch Ratings has placed the United Kingdom’s (UK) ‘AAA’ Long-term Issuer Default Ratings (IDR) on Rating Watch Negative (RWN) indicating a heightened probability of a downgrade in the near term. Fitch expects to complete its review of the UK’s sovereign ratings by the end of April. The UK’s Short-term IDR of ‘F1+’ and Country Ceiling of ‘AAA’ are unaffected.

The RWN reflect the latest economic and fiscal forecasts published by the Office for Budget Responsibility (OBR) that indicate that UK government debt will peak later and at a higher level than previously expected by Fitch. General government gross debt (GGGD) and public sector net debt are forecast by the OBR to peak in 2016-17 at 100.8% and 85.6% of GDP and only begin to decline in 2017-18. Fitch has previously stated that GGGD failing to stabilise below 100% of GDP and on a firm downward path towards 90% over the medium term would likely result in a downgrade of the UK’s sovereign ratings.

The Great Cyprus Bank Robbery by Financial Terrorists – YouTube

March 19, 2013

The Great Cyprus Bank Robbery by Financial Terrorists – YouTube.

Who is Herman van Rompuy YouTube – YouTube

February 6, 2013

Who is Herman van Rompuy YouTube – YouTube.

The Bubble – Raw footage of Marc Faber interview – YouTube

December 14, 2012

The Bubble – Raw footage of Marc Faber interview – YouTube.

Federal Reserve Buying 90% of New Bonds | SilverDoctors.com

December 5, 2012

According to JPMorgan (who would know since as a primary dealer, they flip treasury take-downs to the Fed roughly 30 minutes after issuance for a handsome profit), the Federal Reserve is currently absorbing approximately 90% of new dollar-denominated fixed-income assets.  
Go back and re-read that last sentence.  That’s right, even the financial MSM is now admitting that the Fed is now nearly entirely monetizing the US deficit outright.
This is why QE4 will be announced next Wednesday (which has already been fully priced in thanks to multiple leaks from the Chicago Fed’s Evans as well as Bernanke last week) and why the Fed will ramp up outright purchases to $85 billion a month ($1.02 Trillion/yr) when operation Twist ends- there are simply no remaining buyers of US debt. 

Those who fail to see where this is headed may wish to acquire a copy of When Money Dies to grasp how the situation played out in Weimar Germany.

 

Federal Reserve Buying 90% of New Bonds | SilverDoctors.com.